Cardano (ADA) blockchain users can now access on-chain games with their ADA tokens thanks to Paima Studios’ new cross-chain network integration, effectively enabling Cardano users to play blockchain-based games without having to bridge tokens to other networks.
Bridging tokens between different blockchains is a process fraught with security risks, as evidenced by some of 2022’s most significant exploits. By integrating, each game becomes non-custodial, meaning users keep their wallets and do not need to transfer funds to the games.
Paima Studios’ integration with Cardano not only provides a more secure gaming experience but also allows games built on other networks to migrate to the Cardano blockchain. This feature authorizes users of those networks to play Cardano-based games without the need to move assets or bridge tokens.
This integration is the latest in a long line of network enhancements and features for the Cardano blockchain. Following the recent release of a new feature by Milkomeda, a layer-2 network, Cardano blockchain users will soon be able to access Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet.
Notably, both Milkmomeda and Paima Studios appear to have been funded by the Cardano(ADA) Treasury, which allotted $40,000 to each project to help the Cardano ecosystem develop. According to CryptoGlobe, ADA has seen an increase in buying activity from large investors known colloquially as whales.
Over the last month, these large token holders have added a total of 150 million tokens. According to cryptocurrency analyst Ali Martinez, a blockchain analytics platform, cryptocurrency whales who hold between 1 million and 10 million ADA have been on a buying spree, collecting over $57 million worth of ADA in just the last few weeks.