[Hong Kong, 25 June 2024] – Coinweb, a leading layer 2 interoperability platform, proudly reveals its integration with DEGA, an innovative AI-powered, multichain gaming ecosystem. This integration marks a significant milestone in Coinweb’s mission to enhance and diversify its ecosystem with cutting-edge GameFi solutions. Coinweb Labs has extended a grant to accelerate DEGA’s development on the Coinweb Protocol.

DEGA, renowned for its flagship product DEGA Realms, allows anyone to effortlessly build, publish, and monetize games in minutes. By integrating with Coinweb, DEGA will leverage advanced blockchain technologies to enhance game sustainability and player experience, creating a more robust ecosystem for users worldwide. The collaboration is set to transform DEGA’s multichain gaming landscape, offering features such as cross-chain token issuance, blockchain routing, and load balancing across multiple Layer 1 blockchains. Additionally, DEGA builders will benefit from Coinweb’s advanced customized reactive cross-chain smart contracts for more capital-efficient and secure interoperability.

“Partnering with Coinweb allows us to introduce unprecedented innovation to the gaming industry,” said Carlos Rene, CEO at DEGA. “This collaboration addresses key challenges in GameFi, offering groundbreaking solutions that will benefit our players and the entire ecosystem.”

Through Coinweb’s advanced infrastructure, DEGA will facilitate seamless transactions and interactions across multiple blockchains. This integration includes the development of a specialized marketplace with fiat payment options, enhancing accessibility and user engagement. Coinweb’s support will also enable DEGA to introduce innovative features like staking of NFTs, in-game marketplace contracts, and competitive earn contracts, promoting a sustainable play-to-earn model.

DEGA has already achieved significant milestones, including crossing $14 million in TVL in their stake pools and generating over $800,000 in revenue. With a growing community of 50,000 members and integration across 9 blockchains, DEGA is providing infrastructure for some of the hottest AAA games. Their strategic partnerships include serving as the game development layer for Injective, as well as DeFi integrations with BNB, Meld, Benqi, Ethereum, Cardano, Polygon, Ordinals, and more.

“We are excited to welcome DEGA into our ecosystem,” said Anton, CMO at Coinweb Labs. “Their pioneering approach to AI-powered gaming, combined with our state-of-the-art blockchain solutions, will set new benchmarks in gaming and blockchain integration, enhancing both player engagement and investment security.”

About DEGA
DEGA is a Web3 game developer ecosystem of powerful protocols, developer tools, and gamification services focusing on ease of use through AI-assisted chat interfaces, familiar developer APIs, and web applications. DEGA allows creatives to focus on experiences while DEGA handles the complexities of Web3 technology infrastructure.

DEGA’s vision is to empower billions of people to project their creativity into the digital economy.  Every single day they work tirelessly to build open software tools and experiences to enable creatives to participate in the world of Web3 using the most innovative technologies available.

About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimising performance and versatility.

About Coinweb Labs
Coinweb Labs is the main contributor to the Coinweb protocol as well as a design and build consultancy specialising in creating custom-built solutions for decentralised applications. With a focus on innovation and collaboration, Coinweb Labs is dedicated to accelerating the development of projects within the Coinweb ecosystem.