Web3 gaming is growing immensely, with its market size expected to reach nearly $614 billion by 2030, representing an almost 300% increase from a 2023 valuation of $154 billion. In collaboration with LayerZero, a protocol that enables blockchain interoperability, Portal facilitates a multi-chain experience by connecting a variety of Web3 games with new players across blockchains. Among the platform’s features is the Portal Passport, a one-stop login solution that holds a user’s gamer identities and assets across various games.
As the native token for the platform, PORTAL serves a multitude of functions, including accessing exclusive NFTs, voting rights in governance, staking for yield, and in-game use for purchasing and selling game items.
“As the Web3 gaming sector continues to attract a growing number of users and games, projects like Portal, aimed at unifying the entire ecosystem, provide a strong foundation for the cryptocurrency gaming ecosystem. We’re excited to include $PORTAL among our range of token offerings,”said Henry Child, Head of Tokens at Bitfinex.
Deposits for PORTAL are expected to open at approximately 10:00 AM UTC on May 21st, 2024, subject to network conditions. Trading is planned to commence at approximately 10:00 AM UTC on May 24th, 2024, contingent upon liquidity requirements being met. PORTAL will be tradable against US Dollars (PORTAL/USD) and Tether tokens (PORTAL/USDt).
To obtain access to PORTAL on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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