• Cardano gaming has gone cross-chain thanks to integration with a new layer-2 network.
  • The partnership will enable ADA holders to play on-chain games without bridging tokens to other networks.
  • This is the latest in a series of network improvements and features on the Cardano blockchain.

Cardano (ADA) blockchain users will henceforth be able to enjoy on-chain games using their ADA tokens. The development is attributed to the newly signed partnership between Cardano and Paima Studios, birthing an integration that will see Cardano users play blockchain-based games without the need to bring their tokens to other networks.

Considering the threat to security that comes with bridging tokens between different blockchains, Cardano’s new deal is value-adding. It has the potential to reduce the chances of exploits seen across 2022 when threat actors took advantage of vulnerabilities in bridging tokens between different blockchains. The integration ensures every game is non-custodial, meaning that funds remain in the custody of users within their own wallets. As such, there is no need to transfer to the games’ wallets.

Beyond delivering more secure gaming, Paima Studios’ integration with Cardano also gives way for games built on other networks to migrate to the Cardano network conveniently. In the same way, users of these other networks can play games on the Cardano blockchain without the need to move their assets or bridge tokens.

Cardano doubles down on value-adding partnerships

The integration with Paima Studios is the latest in a series of Cardano network improvements. Soon, Cardano blockchain users will also enjoy access to Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet. This is courtesy of the recent release of a new feature by the layer-2 (L2) network, Milkomeda.

It is worth mentioning that both Milkomeda and Paima Studios were seemingly funded through the Cardano Treasury, which also set aside up to $40,000 for each project to help them develop the Cardano ecosystem.

This should not come as a surprise, considering Cardano’s recent record of accomplishment. On April 3, Cardano founder Charles Hoskinson shared on Twitter that the number of unique wallets participating in staking on Cardano network exceeded those of Ethereum considerably. He also hailed Cardano as “pretty special.” 

Cardano’s new developments may bolster the uptrend for ADA

Cardano price (ADA) has recorded an increase in buyer momentum, with large investors, otherwise termed whales, taking the lead. Based on Santiment data, this class of token holders has added up to 150 million tokens over the past month.

On-chain metric

Santiment data shows that Cardano whales holding between 1 million and 10 million ADA have taken to a buying spree, accumulating more than $57 million worth of the smart contract platform’s native token in a few weeks.

Crypto analyst Ali Martinez from blockchain analytics platform IntoTheBlock i has corroborated this n his recent post. 

As reported, retail investors held 66% of the ADA supply, a notable increase from just a year ago when the number was just under 40%. In an April 2 tweet, the firm wrote:

This shows a strong belief in the asset and its growth potential.

All these point to growing whale confidence in the long-term prospects of Cardano, which is committed to providing a scalable and sustainable platform for smart contracts, decentralized applications (dApps), and digital identity.

 As more investors continue to take notice of ADA’s potential, Cardano price is poised to surge.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

IRS says crypto staking should be taxed in response to lawsuit

IRS says crypto staking should be taxed in response to lawsuit

The IRS stated that rewards from cryptocurrency staking are taxable upon receipt, according to a Bloomberg report on Monday, which stated the agency rejected a legal argument that sought to delay taxation until such rewards are sold or exchanged.

More Cryptocurrencies News
Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode

Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode

Solana is up 6% on Monday following a Glassnode report indicating that SOL has seen more capital increase than Bitcoin and Ethereum. Despite the large gains suggesting a relatively heated market, SOL could still stretch its growth before establishing a top for the cycle.

More Solana News
Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses

Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses

Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.

More Ethereum News
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery

Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery

The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17. Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election. 

More Cryptocurrencies News
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP