PlaysOut Partners with MovePosition to Revolutionize Mini-Game Ecosystem with DeFi Integration
17 Septiembre 2024 - 1:03PM
PlaysOut, a leading innovator in building advanced mini-program
ecosystems within global super apps for web2 and web3, has
announced a strategic partnership with MovePosition, a
high-fidelity DeFi protocol recently launched on the Movement Labs
testnet, known for its capital efficiency and risk management. The
partnership will integrate decentralized finance into PlaysOut's
expanding mini-game platform, and marks a significant step in
PlaysOut's mission to reshape global user interaction and gaming
experiences.
PlaysOut's platform, which enables super apps and giant
web2-facing platforms like telecom companies to deliver rich user
engagement through mini-games, will now be enhanced by
MovePosition’s cutting-edge DeFi capabilities. By incorporating
MovePosition's capital-efficient financial products, built on the
modular and scalable Concordia risk management architecture,
PlaysOut aims to offer users seamless access to decentralized
financial services directly within the mini-games on its
platform.
This collaboration is timely as PlaysOut continues its expansion
into the blockchain space, backed by recent investments from Aptos
and the OKX fund. Moveposition is part of the Superposition
ecosystem, which has industry leading risk management
infrastructure live on mainnet on Aptos, with devnets on Solana and
EVM. The integration with MovePosition will support PlaysOut’s
transition to a multi-chain strategy, enhancing the platform's
scalability and reach across various blockchain networks.
"At PlaysOut, our focus has always been on creating immersive
and engaging experiences for users globally. This partnership with
MovePosition allows us to take a bold step forward by integrating
DeFi into our mini-game ecosystem, providing users with
unprecedented financial flexibility and security," said Jassem
Osseiran, Co-founder of PlaysOut. "With this move, we’re not just
differentiating ourselves from typical web3 gaming but also
empowering super apps and web2 platforms to deliver next-generation
experiences."
MovePosition’s advanced DeFi solutions offer PlaysOut a robust
financial backbone, enabling a new level of capital efficiency and
risk management within the gaming sector. This partnership is part
of MovePosition's broader strategy to embed its products in
promising platforms, ensuring that its technology serves practical
and innovative use cases beyond traditional DeFi environments.
"We are thrilled to partner with PlaysOut and bring our
expertise in DeFi to their innovative platform," said Alex Hoffman,
Head of Ecosystem at MovePosition. "This collaboration allows us to
demonstrate the power and flexibility of our financial products,
positioning MovePosition as a key player in the evolution of
decentralized finance within the gaming industry."
Looking forward, this partnership opens the door for potential
collaborations between PlaysOut and both Superposition and
MovePosition, further strengthening the ecosystem and providing
users with unparalleled opportunities to engage in DeFi within
their favorite mini-games. By differentiating from competitors like
Echelon, PlaysOut and MovePosition are set to lead the charge in
embedding DeFi into everyday digital interactions, particularly
within large user bases that prioritize play-for-fun
experiences.
About PlaysOut
PlaysOut is a global platform for mini-programs, aligned with
the Weixin Mini-Program framework. It offers SDK interfaces for
super apps, simplifying integration for developers and providing
access to a rich array of mini-game content. Leveraging strong
technical capabilities and collaborations with game developers,
PlaysOut aims to become the largest publisher of mini-games in the
Web3 space. PlaysOut leads in integrating Web3 technologies,
including NFTs and DeFi, into its ecosystem. This provides
transparent, secure, and user-owned content, enhancing gaming
experiences and creating new opportunities in social networking,
entertainment, and payments. By simplifying and securing Web3,
PlaysOut removes the intimidation that retail users often
experience in gaming.
About MovePosition
A new generation of highly performative, optimally parallelized
blockchains has emerged to revolutionize on-chain execution speed.
Moveposition, incubated by Superposition, is built on top of this
infrastructure using adaptive risk management to offer precise,
reliable, and detailed solutions, paving the way for High Fidelity
DeFi. Moveposition solves the DeFi bottleneck of inadequate
collateral risk management, heightened security risks, and
insufficient borrower empowerment. By analyzing real-time market
volatility of collateral portfolios and incorporating on-chain
behavior, Moveposition offers maximized capital efficiency for the
ecosystem and precise personalized borrowing rates to users.
Contact
Jon Lindsay Phillips
PhillComm Global
Playsout@phillcomm.global
704.942.1557