According to recent announcements from the Axelar team, a significant development is underway as they collaborate with Squid to introduce a global liquidity layer on the Sui network. As reported by Georgios V, co-founder of Axelar, this new initiative promises to bolster liquidity across the entire Web3 ecosystem. This advancement is anticipated to bring substantial benefits and enhancements to the decentralized networks, facilitating smoother transactions and interactions.
Axelar's Expansion into Gaming
In addition to their efforts in improving liquidity, Axelar is venturing into the gaming industry with the launch of the Exiled Racers' Base Racing League. This marks the first cross-chain racing experience powered by Axelar, integrating blockchain technology into the gaming realm. Registrations for this innovative league have already commenced, offering participants not only a new gaming experience but also the chance to win exclusive NFTs.
The Base Racing League is set to feature weekly events such as Havoc Race Reveals and Battles where players can compete for various rewards and partner prize pools. It's noteworthy that this league is designed to be accessible, with a free-to-play model for all participants who secure an allowlist race pass. The integration of NFTs further enriches the experience, as five lucky entrants will receive an NFT drop including EXR of Pilot Keys, which grants them a Racecraft Pilot and two Boosters.
These developments signify Axelar's commitment to not only enhancing the functional infrastructure of Web3 but also to expanding its utility into entertainment and gaming sectors. The dual thrust of improving liquidity mechanisms and engaging gaming experiences demonstrates Axelar's innovative approach in leveraging blockchain technology across various platforms.
For more information on these initiatives and to participate in the Base Racing League, interested parties can visit their respective online platforms. Both projects highlight significant strides in blockchain integration into broader applications, promising an exciting future for enthusiasts and users alike.