MetaLend Introduces Cross-Chain Crypto Trading on Ronin Network
New York, USA, May 17th, 2024, Chainwire
MetaLend, a crypto trading platform for Web3 gaming assets, has announced its latest update: cross-chain trading on the Ronin ecosystem. This new innovative feature gives users the ability to trade gaming assets on Ethereum, Polygon, and the Binance Smart Chain.
After launching as the exclusive DeFi partner of the Ronin Chain in 2023, MetaLend is thrilled to now be expanding across chains. Following the sentiment, “gamers are the new traders,” MetaLend continues to work toward its mission to effortlessly merge Web3 gaming with crypto investing.
The Gateway to Crypto Investment
Gaming is proving to be a solid entry point to the world of crypto investing, with many gamers transitioning from gaming to crypto trading. Interestingly, gaming stands as the most prominent use case for crypto wallets, with the majority of active wallets being used for gaming purposes. Despite this significant user base, there has been a notable absence of exchange and trading platforms specifically tailored for gamers.
The appeal of earning, trading, and owning unique in-game assets is what leads gamers to explore the broader possibilities within the crypto space. This trend highlights the potential of gaming in driving mass adoption of crypto, making MetaLend’s platform an ideal gateway for newcomers looking to venture into crypto trading.
Opening Doors for the Ronin Community and Crypto Investors
Although crypto gaming is still in its early stages, it’s in a position to see positive growth in 2024 and beyond as traditional gamers are becoming more interested in the space. That being said, MetaLend’s cross-chain trading platform offers investors a unique opportunity to capitalize on this burgeoning market.
For the Ronin Community, this expansion presents a golden opportunity to trade gaming assets for popular cryptocurrencies like Bitcoin, enhancing liquidity and broadening investment horizons within a specialized trading environment.
Welcoming Collaborators
Moreover, MetaLend’s capabilities extend beyond individual users, they’re ideal for B2B gaming collaborations. The platform’s flexibility for listing tokens and facilitating partnerships creates new opportunities, connecting gaming developers and platforms in a thriving ecosystem. By offering flexible token listing capabilities, developers can showcase their unique tokens, promoting diversity and expanding in-game assets available to users.
About Ronin
Ronin is an EVM-compatible blockchain designed for gaming. Developed by Sky Mavis, the same creators behind the leading blockchain game Axie Infinity, Ronin has achieved remarkable success by scaling a single game to accommodate millions of daily active users.
About MetaLend
Founded by Sudjeev Singh and Nikhil Bhardwaj, MetaLend is a specialized trading platform for gamers, offering innovative solutions for trading, earning, and borrowing against gaming tokens and NFTs. With users owning over $135M in gaming assets and $10M deposited for yield generation and loans, MetaLend is a trusted name in the crypto gaming landscape.
As the exclusive DeFi partner of the Ronin Chain and backed by a $5M seed round from Pantera Capital and Collab+Currency, MetaLend continues to innovate, creating a close link between gaming and crypto trading.
For more information, users can visit the MetaLend website and follow the platform’s X and Discord to stay up-to-date on new announcements.
MetaLend is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
