New York, USA, May 17, 2024, Chainwire
MetaLend, a crypto trading platform for Web3 gaming assets, has announced its latest update: cross-chain trading in the Ronin ecosystem. This innovative new feature gives users the ability to trade gaming assets on Polygon and Binance Smart Chain.
After launching as Ronin Chain's exclusive DeFi partner in 2023, MetaLend is excited to now expand across chains. Following the sentiment that “gamers are the new traders,” MetaLend continues to work on its mission of effortlessly merging Web3 gaming with cryptocurrency investing.
The gateway to investing in cryptocurrencies
Gaming is proving to be a solid entry point into the world of cryptocurrency investing, and many players are moving from gaming to cryptocurrency trading. Interestingly, gaming is the most prominent use case for crypto wallets, with the majority of hot wallets being used for gaming purposes. Despite this significant user base, there has been a notable absence of exchange and trading platforms designed specifically for gamers.
The appeal of earning, trading, and owning unique in-game assets is what drives players to explore the broader possibilities within the crypto space. This trend highlights the potential for gaming to drive mass cryptocurrency adoption, making the MetaLend platform an ideal gateway for newcomers looking to venture into cryptocurrency trading.
Opening doors for the Ronin community and crypto investors
Although crypto gaming is still in its early stages, it is poised to see positive growth in 2024 and beyond as traditional players become more interested in the space. That said, MetaLend's cross-chain trading platform offers investors a unique opportunity to capitalize on this burgeoning market.
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For the Ronin Community, this expansion presents a golden opportunity to exchange gaming assets for popular cryptocurrencies such as, improving liquidity and expanding investment horizons within a specialized trading environment.
Welcome to collaborators
Additionally, MetaLend's capabilities extend beyond individual users: it's ideal for B2B gaming collaborations. The platform's flexibility to list tokens and facilitate partnerships creates new opportunities, connecting gaming developers and platforms into a thriving ecosystem. By offering flexible token listing capabilities, developers can showcase their unique tokens, promoting diversity and expanding the game assets available to users.
About Ronin
Ronin is an EVM-compatible blockchain designed for gaming. Developed by Sky Mavis, the same creators behind the leading blockchain game, Ronin has achieved notable success by scaling a single game to accommodate millions of daily active users.
About MetaLend
Founded by Sudjeev Singh and Nikhil Bhardwaj, MetaLend is a specialized trading platform for gamers that offers innovative solutions to trade, earn and borrow gaming tokens and NFTs. With users holding over $135 million in gaming assets and $10 million deposited for yield generation and loans, MetaLend is a trusted name in the crypto gaming landscape.
As the exclusive DeFi partner of Ronin Chain and backed by a $5 million seed round from Pantera Capital and Collab+Currency, MetaLend continues to innovate, creating a tight link between gaming and cryptocurrency trading.
For more information, users can visit MetaLend's website and follow the platform's X and Discord to stay updated on new announcements.
MetaLend is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
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ContactJaime KingsleyMetaLend[email protected]
This article was originally published on Chainwire.
