Portal announces its upcoming January airdrop following a successful presale. The project, backed by Rockstar Games co-founder Jamie King, aims to revolutionize web3 gaming.
Eliza Crichton-Stuart
Head of Operations
In a significant development for the web3 gaming community, the multi-chain gaming token $Portal, is gearing up for its much-anticipated airdrop set to take place in January 2024. The announcement comes on the heels of a successful presale that saw the project bring in nearly $10 million within the first 15 minutes across Ethereum and Solana. Portal, designed to bridge the gap between crypto games and blockchain networks using a single token and platform, has recently been in the spotlight with its Crystal Dash promotional campaign. Launched in late November, Crystal Dash has allowed crypto users to earn points by engaging with Portal-related content on Twitter. However, the campaign has faced criticism for spammy practices, prompting Portal to revamp its approach by rewarding points only for the "first like, quote/retweet, and a single comment on a Portal Power Post."
The upcoming airdrop, a common practice in the web3 space to reward early participants and decentralize governance, will allow users to convert their crystal shards earned through the Crystal Dash campaign into $Portal tokens. The move aims to create a more inclusive and engaging environment for the community. Notably, Portal integrates with blockchains such as Solana and the Ethereum scaling network Polygon. The token is built using LayerZero Labs' interoperability protocol, which addresses blockchain bridging and liquidity issues, promising a seamless cross-chain web3 gaming experience. The project has garnered attention for its unique approach, eliminating the need for users to navigate these complexities themselves.
Portal's advisory board boasts industry veterans, with Rockstar Games co-founder Jamie King taking a prominent role. King, now an advisor to the Cayman Islands-based Portal Foundation, expressed excitement about Portal's potential to revolutionize web-based gaming functionality. His involvement marks a strategic move for Portal, aligning with King's extensive experience in the gaming industry. Other key players on the advisory board include Russell Hanson, Chief Innovation Officer at Sama Therapeutics, and former Electronic Arts employee Matt Dixon. Together with Jamie King, they contribute valuable insights to Portal's ambitious goal of creating a universal gaming token. Portal's Chief Business Officer and founding team member, Dan Keene, shared insights into King's role, emphasizing their collaboration on a go-to-market strategy, particularly focusing on web2 IP. Keene highlighted the significance of King's expertise in bridging the gap between web2 and web3 gaming, emphasizing Portal's commitment to a seamless user experience.
The $Portal token, though not yet released, has already garnered support from over 200 blockchain games, positioning itself as a game currency upon launch. Games such as Crypto Unicorns, Space Nation Online, Nine Chronicles, and NFT marketplaces like Magic Eden have all committed to accepting the $Portal token, showcasing the project's broad industry support. As the gaming community awaits the January airdrop and the official release of the $Portal token, industry insiders and players alike are enthusiastic about the project's potential to enhance the web3 gaming experience. With Jamie King and other industry leaders backing the Portal Foundation, the project is poised to make waves in the evolving landscape of web3 gaming.
updated:
December 21st 2023
posted:
December 20th 2023
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