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Uniswap (UNI) Shoots 6% Amid Major Acquisition Update
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Uniswap Labs acquires Crypto: The Game, boosting UNI token by 6%, and plans to develop new interactive crypto experiences.
HIGHLIGHTS
Uniswap Labs has acquired the blockchain-based game Crypto, known by the gaming acronym CTG.
This acquisition aligns with Uniswap's mission to enhance blockchain experiences, making them more engaging and accessible.
The UNI token has experienced a 6% rise on the three-hour price chart, indicating a positive market reaction to the acquisition news.
Uniswap Labs has acquired the popular blockchain-based game Crypto: The Game (CTG). This announcement follows a surge in the UNI token price, which saw a 6% increase on the three-hour price chart.
Mary-Catherine Lader, Chief Operating Officer at Uniswap Labs, expressed enthusiasm about integrating CTG’s engaging on-chain experiences with Uniswap’s offerings.
Uniswap Labs Acquires Crypto: The Game
To do this, it has strategically acquired CTG, which aligns with its vision of making blockchain interactions fun and straightforward.
We have seen the porosity that CTG has created; the challenge is to bring more humanity and fun to these on-chain experiences, Lader stated. While the full details of the actual agreement can only be guessed at, it was reported that the payment included cash, tokens, and equity stakes.
The purchase is a business deal and cooperation that aims to drive the development of the crypto games. The team of Uniswap will be staffed by founders of CTG – Dylan Abruscato, Tyler Cagle, and Bryan Lee.
The union will seek further development in the next season of CTG’s third season, alongside presenting new crypto-experience interaction. Notably, the companies underlined their decision that the game will not contain any marketing of Uniswap wallet or an exchange to preserve the nature of the game.
