EOS Network Ventures, which invested $500,000 in EZ Swap during its second financing round in December 2023, has made significant progress in the blockchain gaming space. According to the official statement, this important step—which is a result of a $1 million financing achievement—is anticipated to strengthen the gaming asset and smart inscription protocol sector inside the EOS ecosystem.
The goal of the investment is to further EZ Swap’s technology development and cross-chain capabilities. It is led by ENV and backed by other significant investors. The goal of ENV is to stimulate capital investment in the gaming asset market by extending it throughout the EOS Network.
Redefining gaming asset transfers and inscription technologies is something that EZ Swap is leading the way in. It is poised to revolutionise the gaming asset exchange by offering developers and players an integrated and seamless trading experience through its Automated Market Maker mechanism.
Beyond just making a financial investment, ENV hopes to democratise the gaming asset market by improving efficiency and accessibility across blockchains. It is anticipated that this support would increase the value of the network by attracting new users, fostering innovative gameplay, and enhancing the usability of the EOS ecosystem.
Preparing to launch an NFT perpetual contract market, EZ Swap hopes to encourage community engagement and a vibrant marketplace. Future developments in smart inscription protocols should optimise this technology’s gaming potential.
ENV is always looking for initiatives that will help EOS become more widely used. It is recommended for project leads to present their ideas for possible investments to EOS Labs.
Given the current environment, where money is gradually shifting towards L2 networks like Arbitrum and Ethereum, ENV’s investment in EZ Swap is a major endorsement of the developing GameFi and NFT sectors.
