TeraBlock and Splinterlands are joining forces to usher in the future of decentralized finance (DeFi) gaming. Users will benefit from simplified token bridging across multiple blockchains on the Splinterlands gaming platform through the collaboration.
Splinterlands and TeraBlock are raising the bar for DeFi gaming today and in the future. Players of the popular game can transfer their tokens across various blockchains through the TeraBlock bridge. The bridge is integrated into the gaming platform and allows for easier and quicker token swapping between multiple networks. Cross-chain solutions are essential in DeFi and gaming, and Splinterlands aims to push the boundaries of what can be achieved.
Splinterlands is one of the top blockchain gaming providers with over 400,000 active users and thousands of new players joining every day. Additionally, the game has up to 4 million transactions per day, making it the most active gaming hub in the blockchain space today. These high-transaction volumes warrant exploring a different token routing solution that seamlessly bridges tokens between different networks.
TeraBlock, through its strong focus on purpose-built DeFi solutions and products, has developed an ecosystem where traders retain and optimize their crypto assets. The TeraBlock bridge is the latest protocol under the TeraBlock banner to provide the functionality that Splinterlands players seek. Its cross-chain routing process ensures that token transfers can be completed within a few steps.
Splinterlands and TeraBlock lay the foundation for simplifying DeFi transfers in the blockchain gaming world through this partnership. As a result, the Splinterlands team can build a more unified gaming platform while helping TeraBlock solidify its position in the DeFi space by creating broader use cases.
A portion of the fees collected from transactions on the TeraBlock bridge will be used to buy back its native token, TBC, from the secondary market. Increasing the token’s buying pressure increases demand for TBC and adds stability to the TeraBlock ecosystem. It is important to note that a portion of the fees collected from the TeraBlock bridge protocol will be distributed among TeraBlock stakers as part of the reward mechanism on the upcoming TeraBlock native staking protocol.
Splinterlands (originally called SteemMonsters) is an epic multiplayer fantasy card game where thousands of gamers battle daily with monsters in a fight for control of a chaotic world at war. Full transparency of the blockchain’s distributed ledger enables gamers to see how many of each different card exists in the entire game. Every card is individually owned, meaning that even the creators of the game cannot take them away from any player, and all players are free to buy, sell or trade them, similar to physical trading cards.
TeraBlock is a diversified crypto ecosystem built to help users retain and optimize their holdings on a unified platform.
The TeraBlock ecosystem consists of a suite of DeFi instruments that allow users to invest, hold and exchange crypto assets in a safe and decentralized manner. TeraBlock is developing a trade-automation platform that allows users to optimize their cryptocurrency holdings while navigating volatile markets.
The easy-to-access platform facilitates fund aggregation, yield optimization, and farming and staking protocols. It is designed to safeguard the privacy and security of its users.