Kyber’s On-Chain Liquidity Protocol enables Axie Infinity to accept ERC20 Payments for NFTs
Did you know that Axie Infinity, one of the most popular blockchain games on Ethereum, is using Kyber’s on-chain liquidity protocol? Axie used Kyber’s protocol during its NFT (Non-fungible tokens) auction period, and is currently using it for its Terrarium Land shop to allow convenient ERC20 payments!
Axie Infinity is a game centered around collecting, raising, breeding, and battling fantasy creatures called Axies. Axie Infinity uses the Ethereum Blockchain to ensure open, transparent ownership and a liquid, secure marketplace. Players have complete ownership of their Axies and will be able to trade and sell them smoothly and securely.
The Axie Infinity app was recently integrated into Samsung’s Blockchain Wallet (available on Galaxy S10, Note10, Fold, and A90). Users of the phones are able to trade and battle Axies straight from their Samsung Blockchain Wallets.
Players who own Axies can download the Community Alpha and play it on iOS, Android, Windows or Mac! If you don’t own Axies you can pick up a team for as low as $10 on their marketplace and experience the next level of blockchain gaming immediately.
With the Kyber integration, Axie players can easily purchase special chests which contain Land and Items that can be used on the Axie platform by using ETH or selected ERC20 tokens such as DAI, MANA, ENJ, KNC, BAT, ZRX.
Players often expect the entire gaming experience, including payments, to be very simple and intuitive. But there are still multiple complex value exchanges involved in the payment process since most gaming DApps only accept their own native platform token or ETH.
By integrating Kyber’s liquidity protocol, blockchain games like Axie are able to accept different tokens as payment from their players, while receiving their preferred token (e.g. a stablecoin like DAI) in the backend. Axie removed multiple complex value exchanges by turning them into a single, convenient payment step. In addition, transactions are fully on-chain, through a fully transparent and verifiable payment process on the Ethereum network.
Games and NFTs are potentially one of the “killer DApps” that could lead blockchain and DeFi into mass adoption. Kyber is glad to help facilitate decentralized token payments and other liquidity needs for these use cases. Integrating with Kyber is an open process meant for anyone. Integration is free and permissionless. Visit our Developer Portal to find out more.
To celebrate our continued integration and collaboration, our good friends at Axie are running an NFT Quest! Axie players who hold 50 KNC in their address till the end of the claim period are able to claim an exclusive ‘Kyber Ancient Stone’ Land NFT item. You can get the KNC you need from KyberSwap!
Item Claim period is from 18th February to 22nd March (9pm GMT+7). Your wallet must contain at least 50 KNC at the end of the claim period (9pm 22nd March 2020 GMT + 7) to qualify. Learn more: https://www.axieinfinity.com/kyber-network
Published at Tue, 18 Feb 2020 14:37:13 +0000
