Key takeaways
- EZ Swap received a strategic investment of $500,000 from EOS Network Ventures (ENV).
- The investment now totalling $1 million, showcases confidence and support from the EOS Network Foundation (ENF).
- The partnership sets the stage for a more robust gaming experience within the EOS community.
EZ Swap is a pioneer in gaming asset and smart inscription protocols. It has received a strategic investment of $500,000 from EOS Network Ventures (ENV) which is a venture capital fund dedicated to supporting the EOS Network.
According to EZ Swap’s announcement, this investment is part of EZ Swap’s second fundraising round, which raised a total of $1 million in December 2023. This funding will enable EZ Swap to enhance its technological capabilities, innovate within the gaming industry, and enrich the EOS ecosystem with advanced gaming solutions and cross-chain functionalities.
A significant milestone for EZ Swap
EZ Swap is a decentralized NFT exchange that leverages the Automated Market Maker (AMM) mechanism to provide a seamless and efficient trading environment for gaming assets. EZ Swap allows games to directly integrate their own NFT DEXs, enabling gamers and developers to trade and utilize their gaming assets without relying on third-party platforms. This kills two birds with one stone — it revolutionizes the gaming asset economy, and also opens up new possibilities for gaming experiences.
EZ Swap also introduces smart inscription technology, which allows users to inscribe various attributes and functions onto their NFTs, such as rarity, level, skills, and effects. This adds another layer of customization and utility to gaming assets. EZ Swap aims to make gaming assets and inscriptions more accessible for users across multiple chains.
The investment from ENV is a significant milestone for EZ Swap, as it demonstrates the confidence and support of the EOS Network Foundation (ENF). ENF oversees the development and governance of the EOS Network. The EOS Network is a 3rd generation blockchain platform that offers fast, cheap, and secure transactions for millions of users with a native coin EOS that powers the EOS blockchain.
ENV Director Yves La Rose expressed enthusiasm for the partnership stating:
“This partnership aligns perfectly with our vision of not only advancing the EOS ecosystem but also shaping the future of blockchain gaming. EZ Swap’s innovative approach to NFT exchange and inscription technology will bring unprecedented value and opportunities to our community, and we’re excited to see where this collaboration will lead us.”
In conclusion
The partnership between EOS Network Ventures and EZ Swap marks another milestone for EOS regarding its ecosystem’s gaming capabilities. ENV’s strategic investment will enable EZ Swap to enhance its technological capabilities and innovate within the gaming industry. It will also set the stage for a better gaming experience within the EOS community.
