Harmony Protocol Backs and Partners with AAG Ventures to Solve Cross-Chain Interoperability for AAG Platform
We are proud to announce that AAG Ventures is the first project to be backed by Harmony following the announcement of their $300m ecosystem fund.
From day one when we started talking about developing a Play-To-Earn platform, the primary question in our minds was which blockchain to be on. For a typical blockchain project, this might seem like a straightforward decision-making process where the two main questions are:
- How big is the ecosystem?
- Does the blockchain have the capability to support decentralized applications from a scalability perspective?
For us, it is quite a bit more complicated than that -- since we have to work with games on multiple blockchains. For the scholarship model to function, as with Axie Infinity, we first have to bridge the NFTs, then utilize smart contracts to assign them to scholars. This means that, at the very least, the blockchain we select should already support bridging to other chains.
With this partnership, Harmony will become a technical partner for AAG Ventures to solve cross-chain interoperability for blockchain assets, as well as smart contracts, such as those for lending. We will also explore the integration of Harmony Protocol into Project Titan to provide decentralization for our core infrastructure to support decentralized applications on the AAG Platform.
Harmony will be the first blockchain to launch AAG projects, and will serve as the core for the multi-chain vision of the AAG ecosystem. Through Harmony’s trustless Horizon bridges to Ethereum, BSC, and other chains, AAG’s assets can be bridged efficiently within multiple chains to benefit every stakeholder. In doing so, Harmony’s fast and cheap transactions allow AAG’s users to reduce costs in trading gaming assets.
About Harmony
Harmony is an open and fast blockchain. Harmony’s mainnet runs EVM-compatible applications with two-second transaction finality and 100x lower fees. Harmony’s unique sharding design supports horizontal scaling on transaction throughput to meet the demand for the growing adoption of all Web3 applications. Harmony’s secure and trustless Horizon bridges offer fast cross-chain asset transfers with Ethereum, Binance, and other chains. With more than 150 unique validator pools, more than $900 million worth of ONE tokens are staked on Harmony mainnet, which is processing more than 3 million daily transactions with 450,000+ registered wallets.
Build on Harmony, run on all chains. Harmony is your open platform for assets, collectibles, identity, governance. Be the ONE to bridge to all blockchains. Harmony’s ecosystem has seen significant growth in 2021, major Defi projects such as SushiSwap, Aave, Curve, and Chainlink are integrated into Harmony. Natively launched projects such as DefiKingdoms, ViperSwap, Euphoria, and OpenSwap are also capturing thousands of users with millions of TVL. Specifically, DefiKingdoms has been consistently ranked the top applications on the Harmony ecosystem and the second in volume in the overall blockchain gaming category according to DappsRadar.
AAG Ventures IDO
After raising $12.5M in an oversubscribed Private Round led by Shima Capital, Tribe Capital, and Tess Ventures, AAG Ventures is excited to announce the launch date of AAG Token IDO.
Token Launch Auction (TLA) or IDO will begin on 12th December at NOON UTC. Follow us on Twitter for news on how to participate and up-to-date information.
Have a question about the AAG IDO? Visit the AAG Ventures Telegram community to get your answer now!
