Smart Token Labs Partners with Ultra
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Smart Token Labs Partners with Ultra
How will Smart Token Labs collaborate with Ultra?
Navigating Web3 tides with focused insightsSmart Token Labs announces a partnership with Ultra, a leader in the Web3 gaming and entertainment space. By combining our team's extensive experience with Ultra’s epic game solutions, Smart Token Labs will help drive the next generation of Web3 gaming, enabling greater on-chain interactivity, participatory content, and usability.
According to a16z in their ‘State of Crypto 2023’ report, three key metrics stood out in the gaming ecosystem in 2022:
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Gamers spent approximately $67.9 billion on games
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There were a total of 717 Web3 games
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Web3 games generated 23 times more on-chain transactions than DeFi
From market spending and expansion scope to volume growth, these figures highlight the immense potential of the Web3 gaming sector—where all-in-one gaming platforms are flourishing, players gain true ownership and management of their assets, unlock new gaming experiences, and enjoy greater security and reliability.
The following three points outline the future directions envisioned by Ultra—directions closely aligned with Smart Token Labs’ core business logic: user-centric token solutions that provide trust, interoperability, and privacy and security safeguards. Together, we will witness the tremendous potential of building a bridge from Web2 to Web3 gaming—one that benefits users, developers, and communities alike.
How Will Smart Token Labs Collaborate With Ultra?
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Integration with the Ultra Blockchain: Ultra has configured its EOSIO blockchain to manage resource allocation markets and staking mechanisms. Smart Token Labs is working to integrate Ultra’s forked EOSIO blockchain to enable diverse user experiences.
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Connecting the Ultra Wallet: Smart Token Labs is advancing work in several areas: enabling the Ultra Wallet API to operate within user browsers via Brand Connector (the gateway to smart tokens), and integrating the Ultra Wallet into our Token-Negotiator NPM package to deliver customized gaming experiences.
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On-chain and Off-chain Experiences Combined: We will jointly build token-centric bridges between Ultra’s games and its Web2 and Web3 service providers, allowing users to prove ownership of in-game items without authorization. Based on specific item ownership, users can complete in-game tasks and cross-game achievements—any game, brand, community, or platform can offer bundled benefits, opportunities, and products to this unified user base, creating permissionless and frictionless experiences.
"We’re thrilled to partner with Ultra. Gaming is the next frontier in the Web3 world, and Ultra’s position as an industry leader aligns perfectly with Smart Token Labs’ own vision. Together, we aim to create truly groundbreaking in-game and cross-game experiences for players, developers, and communities. We look forward to a collaboration filled with boundless potential." – Victor Zhang, Co-Founder and CEO of Smart Token Labs
"We’re excited to collaborate with Smart Token Labs, complementing each other technically and through integration. By leveraging Smart Token Labs’ tokenization standards, we believe their team will develop powerful features and practical tools that seamlessly integrate into Ultra’s ecosystem, delivering genuinely frictionless experiences when users interact with Web3 games and related services on the Ultra network." – David Hanson, Co-CEO of Ultra
About Ultra
Ultra is the first "all-in-one" entertainment platform offering all essential gaming industry services accessible with a single login.
Built around PC game distribution, Ultra provides access to various centralized and decentralized services: discover, buy, play, and sell games and in-game items, watch live streams, interact with favorite influencers, participate in events, compete in tournaments, and more.
Ultra was created to deliver unrestricted value to players, provide developers with a level playing field, and offer the gaming industry an entirely new open marketplace of opportunities.
For more information, visit ultra.io and onultra.io. Follow us on Twitter, YouTube, Telegram, Instagram, and Discord.
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