Jump.trade has announced a partnership with Web3 game creator, AlterVerse for digital lands
The announcement comes at a time when two parties are gearing up to launch their upcoming metaverse games, RADDX Racing Metaverse and Sky City
With The RADDX Racing Metaverse, Jump.trade plans to go beyond a typical car racing game
Jump.trade, the NFT marketplace of GuardianLink, has partnered with Web3 game creator, AlterVerse for digital lands.
With this strategic partnership, AlterVerse has purchased a portion of “Digital Lands” in the RADDX Racing Metaverse, Jump.trade said in a press statement.
The announcement comes at a time when two parties are gearing up to launch their upcoming metaverse games, RADDX Racing Metaverse and Sky City.
With The RADDX Racing Metaverse, Jump.trade plans to go beyond a typical car racing game. In this game, players can monetise their in-game progress. Moreover, the metaverse game will also offer brands an opportunity to expand their marketing horizons with the integration of digital land.
“It’s our goal at AlterVerse to create the highest-utility NFTs in existence by building a platform that enables creators to launch custom games and integrate our interoperable assets into them. We firmly believe that this collaboration will mark the beginning of a new era in Web3 gaming – one that prioritizes community-centric experiences,” Scot Kinney, CEO of AlterVerse, said.
Backed by Binance and Polygon Ventures, AlterVerse already has several games to its credit. AlterVerse is a world and game creation platform that creators can use to build Web3 games with realistic graphics and AI integration.
On the other hand, digital lands are parcels of virtual land within the metaverse that can be owned by brands to advertise their products and services to a gaming community. It’s believed that individuals can also purchase digital lands and rent them out to brands, thus creating a revenue stream.
Web3 is bringing a huge shift in the gaming industry by introducing novel game features involving blockchains, cryptocurrencies, and non-fungible tokens (NFTs). Web3 games use blockchain technology to enable decentralised ownership of in-game assets and currencies, allowing players to earn, trade, and use these assets outside of the game.
As Web3 gaming is becoming more mainstream in India, former Nazara Technology CEO Manish Agarwal and early-stage investor Ishank Gupta also launched a new Web3 gaming venture, Kratos Studios, earlier this year.
India is home to over 450 Web3 startups that raised $1.3 Bn, about INR 10,700 Cr between 2020 and 2022, a joint report of industry body NASSCOM and venture capital fund Hashed Emergent said.
