Cryptocurrency exchange Binance launched its 47th Launchpool project, Portal (PORTAL), yesterday (21). In response to this news, the price of BNB continued to rise and exceeded $380 this morning.
Background:
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Supplementary Information:
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Yesterday (21), cryptocurrency exchange Binance once again launched its 47th Launchpool project, Portal (PORTAL), allowing users to stake their BNB and FDUSD in the pool. Starting at 8 am Taiwan time on the 22nd, users can begin staking and earning PORTAL tokens within 7 days.
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What is Binance Launchpool’s Portal (PORTAL)?
Portal Gaming is a Web3 gaming platform, with its core feature being the Portal Passport, allowing players to enjoy a diverse gaming experience with just one click. In simple terms, it is the Web3 version of the 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 major highlight of Portal Gaming is its support for cross-chain interoperability, thanks to its collaboration with the LayerZero interoperability protocol. Portal achieves seamless integration between games on various chains. On the other hand, the protocol’s native token, $PortalCoin, also integrates with the cross-chain protocol Layerzero, becoming a cross-chain gaming token.
According to the team, the project has successfully raised $120 million in funding, and team members have a background in 3A-grade gaming companies. Currently, 100 games have signed contracts, and it is expected to bring 2 million active users to the market.
BNB Breaks $380
Possibly inspired by the Launchpool announcement, the price of BNB has been steadily rising since yesterday afternoon and successfully broke $380 before the deadline, with an increase of over 8% in the past 24 hours. This is a new high after May 2022.
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