Immutable X and Squid Partner to Enhance the Web3 Gaming Ecosystem

Immutable X has announced a strategic partnership with Squid, a cross-chain liquidity router, to significantly enhance the web3 gaming ecosystem.

Immutable X, a layer-2 scaling solution for Ethereum, has announced a strategic partnership with Squid, a cross-chain liquidity router, to enhance the web3 gaming ecosystem. The collaboration will streamline the process of swapping tokens across different blockchain networks, offering users a convenient and secure experience.

Recognized for its cross-chain liquidity solutions, Squid enables users to easily swap digital assets between various blockchains, providing seamless access to decentralized applications (dApps) across multiple chains. The partnership aims to simplify this process further, ensuring that users can perform cross-chain transactions in a user-friendly manner. Squid’s technology is designed to find the most efficient route for swaps, combining necessary interactions into a single, swift action. This integration will allow users to access applications and swap tokens across chains in under 20 seconds, all with just one click.

Immutable X is a platform dedicated to powering the next generation of web3 games. It focuses on improving user and developer experiences by offering seamless gameplay, rapid transaction speeds, and a fully carbon-neutral, gas-free environment for minting NFTs. The platform is also home to Immutable zkEVM, a gaming chain built on Ethereum that supports the integration of customized digital ownership and web3 mechanics into games.

The inclusion of Squid within the Immutable X ecosystem will provide users with several advanced capabilities. These include seamless cross-chain swaps, secure and fast token bridging, and the ability to purchase NFTs across different chains using Squid’s Buy Widget. This feature allows gamers to engage in cross-chain transactions with minimal effort, enhancing their overall experience on the platform.

For developers, the partnership between Immutable X and Squid brings a range of new possibilities. Developers can now enable their products to support cross-chain contract interactions, allowing users to interact with and onboard from any supported chain. Additionally, the partnership facilitates cross-chain asset purchases, enabling users to buy NFTs or other digital assets from any chain. Developers can also implement cross-chain staking, allowing users to stake tokens to protocols from different chains, thereby promoting multi-chain GameFi or DeFi development. This integration is expected to simplify the development process by providing pre- and post-contract hooks for cross-chain interactions, enabling more sophisticated and versatile web3 gaming experiences.

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