PayBito Explores Avalanche Ecosystem with a Gaming Exchange

Cryptocurrency and DeFi startups worldwide are chasing use cases that effectively translate into potential problem-solvers across industries. This is while developers and researchers have set their goals to improvise over the first Bitcoin protocol. Protocols have evolved, and gaming exchange have emerged. The later entrants try to clog the disadvantages gaping in the former versions. Likewise, we have an instance of an ecosystem that has apparently evolved from an effort to iron out the flaws of Ethereum. 

The News

PayBito has put out a statement about a prospective partnership project with a Canadian gaming company. The project involves building a gaming exchange for the organization. However, this time the exchange is going to be built on an Avalanche ecosystem.

The gaming exchange will be incorporated within a gaming Metaverse that applies AR/VR in the construction of its Metaverse. The gaming platform makes it possible for users to own properties, native cryptocurrency, and inventory. This integrated exchange will allow gamers to trade properties, cryptocurrencies and NFTs acquired in the Metaverse.

The Avalanche Ecosystem & Gaming Exchange

We dug into the Avalanche website to gather an understanding of its functioning. Avalanche is an “open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.” It also comes with the title of the first “decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality”.

Here’s what makes Avalanche different: Ethereum developers have the ease of building on Avalanche. Some are of the opinion that it fares better than Ethereum in many parameters; scalability, throughput, and consensus mechanism being some of those.

Founder and CEO of PayBito, Raj Chowdhury, spoke about the project in a recently conducted chat session, “The technology employed takes efficiency and throughput several notches higher than in other ecosystems.”

“The platform also integrates a high-end secured interface offering an exciting gaming experience to users of all ages,” he added.

Wrapping up

PayBito has provided a white label crypto exchange solution to a global bank in the Middle East. The global crypto exchange has recently undergone UI/UX upgrades in its design. PayBito has also updated its asset list in the recent past taking the asset count to 37.

PayBito’s quest for expansion through innovation shows up in projects such as this. This project is the first of its kind to develop by PayBito’s development team. Experts predict to lay the foundation for building a wide range of decentralized applications in the near future.

Source: https://finance.yahoo.com/news/paybito-partners-canadian-gaming-company-070000928.html