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DeFi News

Uniswap Labs Elevates Gaming with ‘Crypto: The Game’ Purchase

Uniswap Labs saw a busy year, launching UniswapX, submitting v4 for security review, introducing Uniswap Wallet, and expanding blockchain support.

Written By Dishita Malvania
Published 2024-06-11·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
Uniswap Labs Elevates Gaming with ‘Crypto: The Game’

Uniswap Labs has made a big splash blockchain gaming scene by acquiring ‘Crypto: The Game’ (CTG), a popular survival game played on the blockchain. The second season of CTG was a huge hit, with all 800 spots snapped up in just 13 minutes.

Recognizing its appeal to both hardcore crypto enthusiasts and newcomers alike, Uniswap Labs announced the acquisition with excitement.

Excited to share that CTG has been acquired by @Uniswap 🎉

We're forever grateful to our players and the entire CTG community.

We now have the full force of Uniswap Labs behind us, and we're going to use it to make S3 the best one yet.
pic.twitter.com/vZc2OJzZ8w

— Crypto: The Game (@cryptothegame) June 10, 2024

Mary-Catherine Lader, Uniswap Labs’ Chief Operating Officer, shared her enthusiasm, stating, “We’ve seen CTG generate a ton of excitement and Uniswap is focused on making on-chain experiences more human and fun.” While they have kept the purchase price under wraps, it’s a mix of cash, tokens, and equity.

As part of the deal, CTG’s founders—Dylan Abruscato, Tyler Cagle, and Bryan Lee—will now be part of the Uniswap team. They are already hard at work on season three and brainstorming new ways to bring interactive crypto adventures to players.

Uniswap Labs has had a bustling year, marked by significant milestones such as the release of UniswapX, the submission of v4 for security evaluations, the introduction of the Uniswap Wallet, and the expansion of support to additional blockchain networks. 

With more initiatives on the horizon, the company remains dedicated to crafting top-tier on-chain solutions for its user base. The recent addition of CTG to Uniswap Labs is met with enthusiasm. CTG, initially launched as an interactive on-chain game, garnered attention across Crypto Twitter during its first two seasons. 

Participants engaged by investing 0.1 ETH, joining tribes, tackling daily challenges, and voting each other out during the ten-day seasons, ultimately competing for the grand prize. Known for its unpredictable twists, the game’s transition to Uniswap promises fresh avenues for exploring consumer crypto experiences.

Also Read: Uniswap Labs Appoints Minarik as Chief Legal Officer

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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