Cryptocurrency exchange Binance launched its 47th Launchpool project, Portal (PORTAL), today (21st). As a result of the Launchpool announcement, the price of BNB increased by 3.14% to $362.
Background:
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Portal is a web3 gaming platform offered by Binance. The core feature of this platform is Portal Passport, which allows players to easily access a variety of games with just one click. In simple terms, it is a web3 version of Steam platform. In addition to providing a simplified login experience, Portal also features a centralized in-game asset management system. Players can manage their NFTs through this platform.
One of the highlights of Portal Gaming is its support for cross-chain interoperability. Thanks to the collaboration with the LayerZero interoperability protocol, Portal seamlessly integrates games across different chains. Additionally, the protocol’s native token, $PortalCoin, also integrates the Layerzero cross-chain protocol, making it a cross-chain gaming token.
According to the team, the project has successfully raised $120 million in funding and the team members have backgrounds in 3A-grade game companies. Currently, there are already 100 games signed up, and it is expected to bring 2 million active users to the market.
BNB Slightly Rises to $363
As a result of the Launchpool announcement, the price of BNB increased by 3.14% to $363 on today (21st), showing strong momentum and reaching a new high in the past year. The consecutive pledge mining projects have also brought benefits to the BNB community.
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