Ava Labs, the team behind the Avalanche blockchain, announced on Thursday that it has launched Avalanche Arcad3. Avalanche Arcad3 seeks to connect traditional game publishers with crypto firms to help bring legacy IP into the fledgling Web3 gaming space.
Ava Labs also revealed that Japanese metaverse and entertainment firms Gree and Gumi had joined Arcad3 as two of its earliest partners exploring blockchain gaming via the Ethereum-compatible chain.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by 1.5% so far today and currently trades at $11.44 per coin.