Among them is DeFi Kingdoms, a Play to Earn MMORPG built upon a strong DeFi protocol from this Multiverse Project. If you have been following events on Avalanche, you can see that there have been quite a few gaming projects (Crabada, Talecraft,…) launched, using NFTs as items, breed, or stake for rewards.
This may seem contradictory, as part of DeFi’s benefits come from the fact that it’s anonymous and permissionless. However, Securifying CEO Carlos Domingo believes that implementing KYC will remove a major barrier to institutional DeFi adoption. To enable regulated institutions to leverage the power of Subnets to access DeFi primitives at scale and accelerate the institutional adoption of DeFi, Ava Labs (a core developer of the Avalanche client) will collaborate with the Aave Companies, Golden Tree Asset Management, Wintermute, Jump Crypto, Valkyrie, Securitize and others to build the first horizontally-integrated blockchain specifically engineered for Institutional DeFi with native KYC functionality.Details surrounding the allocation of rewards will be forthcoming. Avalanche Multiverse will bring a DeFi Kingdoms specific Subnet or ‘appchain’ with a combined maximum of $15M of incentives for $AVAX and $CRYSTAL, a new Avalanche-native token created by DeFi Kingdoms to complement its existing $JEWEL token.Here are the activities that will happen during the program: Avalanche Multiverse intends to be divided into at least six phases to support future cohorts of projects participating in the program, and is not constrained to a defined period of time.
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