IQ Protocol is thrilled to announce its latest partnership with Balance, a cutting-edge Web3 eco-platform focused on blockchain gaming. Founded by the E-PAL team, Balance aims to revolutionize the gaming industry by leveraging a traffic pool of 2.4 million Web2 users and integrating blockchain and AI technologies. The platform has attracted significant investments from notable investors such as a16z, GALAXY Interactive, Steve Chen, Brad Bao, and Marc Merril, among others.
Understanding the Balance Ecosystem
Balance is a comprehensive gaming ecosystem platform designed to enhance user experience through streamlined game asset management and interoperability across various blockchain networks.
The key components of the Balance ecosystem:
- Integrated Assets: Balance integrates game assets from multiple blockchain networks, creating a unified gaming world where users can manage and trade assets seamlessly.
- Cross-Chain Interoperability: The platform’s architecture enables developers and players to connect across different blockchain networks, fostering a cohesive Web3 gaming ecosystem.
- Balance Passport: This single identity simplifies the signing up process and logging into game accounts on various blockchain networks.
- Balance Wallet: It offers secure and reliable digital asset storage and management, supporting various assets on mainstream blockchain networks. It simplifies the transition from Web2 to Web3 by allowing seamless asset trading across different blockchains, eliminating the need for mnemonic phrases and private keys. Compatible with Discord and Google, it ensures easy access and smooth transactions, synchronizing wallet addresses with unique IDs.
- Game Purchase: Users can use the EPT token to buy in-game items or access game-related markets directly within the platform, facilitating easy and secure transactions.
- Asset Trading: Balance offers a decentralized marketplace for trading assets, enabling cross-chain transactions without the need for bridges or restrictions.
- Launchpad: It allows game developers to launch projects, raise funds, or distribute tokens through activities like airdrops, supporting the growth of the gaming ecosystem.
- EPALs: Gaming enthusiasts can become EPALs, offering companionship and enriching the social aspect of gaming through discussions or in-game partnerships.
- Guild Partnerships: Balance collaborates with established gaming guilds, encouraging them to join the platform and explore the gaming world together.
- Balance zkEVM: Balance zkEVM is built on the layer2 zk-rollup gaming chain and is compatible with the Ethereum Virtual Machine. This expansion solution offers fast transaction speeds, massive scalability, and zero gas fees.
Advantages of the Balance Platform
Balance offers numerous advantages that position it at the forefront of the web3 gaming industry. Here are some key benefits:
Growth in the Web3 Gaming Industry: Web2 game users increasingly demand asset commercialization and diverse gaming experiences. Major companies are also exploring web3, creating a prime environment for Balance’s growth.
Strong Team and Support: With early crypto adoption and a comprehensive web3 technical and marketing team, Balance enjoys strong backing from a16z and Galaxy shareholders.
Gaming Company Partners: Hosting nearly 200 top-tier games globally, Balance has forged strong partnerships with leading gaming companies.
Large and Engaged User Base: With 2.3 million gamers and 300,000 EPALs, in North America, Europe, and South America, Balance boasts the top market share in these regions.
Balance Token (EPT)
The EPT token is the native governance token of the platform, with a total supply of 1 billion tokens. It rewards network activities such as transactions, liquidity provision, and application development.
Core Purposes of EPT:
- Application Development Fees: Covers costs for building applications on the platform.
- Staking: Tokens can be staked to participate in activities or earn rewards.
- Governance Voting: Holders can vote on ecosystem governance decisions.
- Network Security Maintenance: Funds security audits and bug bounties to maintain network security.
About IQ Protocol
IQ Protocol is an open-source, permissionless NFT rental technology. Our cost-free, easy integration enables users to discover and seamlessly join blockchain games and NFT projects. But we offer more than just rental infrastructure. Our solutions are specifically designed to enhance three critical metrics for games: player numbers, activity, and liquidity.
By integrating with IQ Protocol, our partners have seen a 10x increase in asset distribution and have onboarded thousands of new players.
Join Us on This Exciting Journey
We are thrilled to partner with Balance and invite all gaming enthusiasts and blockchain fans to discover the enhanced experiences this collaboration will bring. Follow our updates as we work together to transform the blockchain gaming landscape.
Together, IQ Protocol and Balance are pioneering the future of gaming. Be a part of this revolution with us!
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