Allbridge Announces Cross-Chain Support for NFT GameFi Project Genopets

Users will be able to swap the play to earn the GENE token between Solana and Binance Smart Chain.

By
Anirudh Tiwari
on
November 17, 2021
Category:
Breaking News

Allbridge Connects Genopets Both to BSC & Solana

Allbridge announced that the GENE token will be available on the ecosystem to efficiently transfer between the Binance Smart Chain (BSC) and Solana networks.

According to the Medium blog which accompanied a Twitter announcement on Nov. 16th, Genopets is the world’s first move-to-earn game, it is built on the Solana blockchain network. GENE is the native token of the game’s ecosystem. So far, Allbridge has bridged assets worth $2.3 billion since the launch of the bridge, per homepage

“Genopets enables users to earn crypto as a reward for staying active in their daily lives. They incentivize healthy lifestyles by tracking your real-life movements and converting them into in-game rewards. Stay active to level up and evolve your Genopet, increasing it’s value in-game. Your Genopet, along with other in-game NFTs like Habitats and Crystals, can be sold in marketplaces so you can reap the rewards of your real-life activity and earn,” mentioned Allbridge’s Medium blog about the move-to-earn game. 
Source: Allbridge Medium

Allbridge previously established a bridge between Ethereum and Solana to transfer DAI stablecoins via the Saber DEX. As previously reported by Solana News, Allbridge collaborated with Saber to bring the first Avalanche DAI pool to the Solana network on Oct. 23. 

More recently, on Nov. 13 Allbridge announced the first Huobi ECO (HECO) Chain assets that the Solana ecosystem, again via the Saber DEX, one of the leading DEXs on Solana.

Click here to learn how to bridge cryptocurrencies across DeFi networks using AllBridge!

What is Allbridge

Allbridge is a bridging solution that allows users to easily transfer tokens between various blockchain networks. The ABR token is the native token of the ecosystem that can be staked in order to pay lesser fees and earn staking rewards via distribution. Currently, Allbridge connects the Ethereum, BSC, Solana, Polygon, Avalanche, Huobi Eco Chain, and Celo blockchains. In the near future, the protocol plans to expand the capabilities of the bridge to Terra, Near an,d Aurora networks as well.

Find more about Allbridge here:

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.