- IOST plans to extend the NFT and P2E gaming sector with the new partnership.
- Both platforms will leverage their strength to promote their respective communities.
IOST promotes itself as an “ultra-fast,” fully-fledged, decentralized blockchain network and ecosystem with its own nodes and wallets. Jimmy Zhong, Ray Xiao, Terrence Wang, Justin Li, Sa Wang, and Kevin Tan started the project in January 2018.
With an open-source and scalable architecture, IOST’s blockchain infrastructure hopes to form the backbone of future online businesses. The group has created a consensus technique called “proof-of-believability” to guarantee the security and efficiency of network transactions.
Unless blockchains are scalable, giant firms may be unable to use them in a customer-facing setting, which is one of the greatest difficulties IOST is trying to overcome. As a solution to this issue, the Internet of Services Token has been proposed.
More on IOST partnership with Ludena Protocol
IOST has announced a new partnership with Ludena Protocol, a play-to-earn initiative, to help accelerate the nonfungible token (NFT) and play-to-earn (P2E) gaming sectors of its ecosystem.
IOST intends to extend the ecosystem through Ludena’s user pool and provide current community members the chance to explore new IOST ecosystem games and NFTs as Ludena continues to build the gaming ecosystem through new collaborations.
Ludena’s Game Talktalk platform boasts three million players globally, and the company has teamed with leading Korean game developers. IOST has also made significant strides with the addition of Revival NFT Marketplace, TokenLink NFT Marketplace, RIZIN FIGHTING COLLECTION, and the Zodium P2E platform to its NFT ecosystem.
However, IOST needs more aggressive expansion in the P2E sector in light of the present trend. The play-to-earn field is drawing international attention, and Ludena is certainly the project worth exploring.
Both IOST and Ludena stand to gain from combining their marketing efforts to promote their respective communities. The IOST ecosystem will also be strengthened by actively introducing existing networks such as worldwide partners, exchanges, and project teams.
By partnering with IOST, Ludena Protocol will create games and NFTs that allow players to earn IOST tokens as they play. This will aid IOST in its goal of creating a more decentralized system.
What Next For IOST
IOST has been working throughout the year to make its platform more conducive for the growth of NFTs. According to its plans for the fourth quarter of the year, we’ll be seeing improved cross-chain data transfer speed with the upgrade of the IOST VM and plugin wallets, SDK, and API browser support.
The platform also plans to collaborate with top NFT creators and people in traditional industries to explore new NFT and meta-universe applications. The IOST team has already set the motion for some of these milestones. The IOST Ludena Protocol collaboration is just the beginning of others to come.
Today’s IOST price is $0.048749, with a trading volume of 79M in the last 24 hours. The current IOST ranking is #110, according to CoinMarketCap.