Cantina Royale partners with Elrond Apes to boost in-game NFT collections

abdelaziz Fathi

Popular play & earn game Cantina Royale has extended its collaboration with the Elrond blockchain ecosystem. The startup is teaming up with Elrond Apes to feature its NFTs in the game and become usable across single and multiplayer battle modes.

The alliance is said to bootstrap existing NFT collections, which enhances the appeal of the upcoming top-down tactical arcade shooter with play-to-earn mechanics. It also enables its players to participate in DeFi opportunities and later on enjoy direct interaction with GameFi and web3 apps.

Elrond Apes comprises 10,000 3D apes that are unique and randomly generated. The collection is working to assemble an NFT community on Elrond made up of collectors willing to participate in multiple adventures with creators enjoying a 10% royalty fee for every purchase made. Additionally, the Bored Ape Yacht Club will be integrated in Q3 2022.

Owning an NFT is essential for engaging with play-to-earn mechanics. But unlike other blockchain games, owning an NFT is not mandatory, which means more people can start playing immediately.

Daniel Sagi of Cantina Royale added that “Seeing NFT interoperability come to life with renowned NFT collections like Elrond Apes always feels like getting one step closer to the core tenet of blockchain technology. By bringing the Elrond Ape and Cantina Royale community together, I’m certain that this partnership will be a shiny case study for interoperability while everyone enjoys playing with their favorite NFTs.

Karl Thomas of Elrond Apes added: “Cantina Royale’s innovative vision to bring the first of a kind free-to-play play-to-earn game was one that Elrond Apes wanted to be part of. From Lending, to breeding to playing the game with their favorite NFTs is where our communities will enjoy. Their innovative interoperability protocol will reach mass market and partnering with them and having unique Elrond apes part of the game, is an exciting endeavor.”

Elrond features a unique blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. Cantina Royale team will utilize these capabilities to their full capacity.

Playable like a traditional game on mobile (iOS/Android) and desktop operating systems, Cantina’s free-to-play model has been designed to eliminate friction while at the same time supporting the blockchain ethos of interoperability.

In addition to game fun, Cantina Royale relies on Verko’s payment and wallet management system to ensure compatibility with Apple and Google stores policy. As such, users will be able to purchase NFTs directly through Apple and Google in-app purchases while items are stored on the Elrond blockchain and thus remain in the possession of the players.

Cantina Royale says it introduces the first-ever play-to-earn blockchain gaming platform that is absolutely free to play for all users. The free-to-play feature allows players to create an account with no wallet requirements, hidden fees, or costs to jumpstart their adventure.  This approach is expected to create a new industry standard for the future of gaming, as players will be able to get in on the action without having to shell out thousands of dollars to start playing.

Read this next

Digital Assets

USDC sees massive $10.4 billion outflows in March

Cryptocurrency traders have withdrawn more than $10 billion from the world’s second largest stablecoin, USDC, in less than three weeks even as concerns over the fallout from the Silicon Valley collapse have receded.

Interviews

OSTTRA’s Joanna Davies goes beyond 30-30-30 data standard at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Joanna Davies about OSTTRA.

Interviews

CloudMargin’s Stuart Connolly on how to manage collateral amid high rates at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Stuart Connolly about CloudMargin’s SaaS platform, said to be the only cloud-native collateral and margin management system in the industry, at a time of stress due to rising interest rates.

Interviews

Baton Systems’ Alex Knight on solving post-trade with DLT at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Alex Knight about Baton Systems’ about rising settlement fails, collateral management, and the profile of DLT beyond cryptocurrencies.

Industry News

Wise claims 92% of banks hide or inflate FX fees despite Cross-Border Payments Regulation 2

“Banks continue to exploit loopholes in EU regulation to mislead their customers and overcharge them through fees hidden in inflated exchange rates.”

Industry News

Goliath Partners opens Miami headquarters to recruit C++ developers for fintech and trading

I’m extremely excited to be pursuing this venture and having the backing of such knowledgeable entrepreneurs who have seen success time and time again. We’ve already made brilliant headway working with leading investment houses and trading exchanges. It’s just the start, but we’re already making a huge difference with our work.”

Industry News

IOSCO calls for cooperation against cross-border scams, greenwashing, misconduct, and fraud

“Regulators need effective resources, practices, tools, and techniques to promote consumer protection and market integrity, which is supported through participation in critical multilateral forums such as IOSCO.”

Institutional FX

Archax rolls out tokenization engine as LawtechUK confirms legal standing of tokens

“As the UK’s first FCA regulated digital securities exchange, we are now building on this to pave the way to make traditional assets interoperate with Web 3.0.”

Technology

Broadridge migrates bond e-trading platform LTX to AWS

“LTX is committed to offering innovative e-trading technology that facilitates transparency and liquidity discovery. By migrating to AWS, LTX can leverage the scalability of the cloud to continue to deliver enhanced data and execution capabilities to our clients.”

<