Injective eyes expansion into Web3 gaming with major partnership

Injective, an interoperable Layer-1 blockchain for decentralized finance (DeFi) applications, is eyeing diversification into the nascent Web3 gaming ecosystem.

On Wednesday, Injective announced its partnership with DEGA, a top game builder platform that’s also deployed on Ethereum, Cardano and BNB Chain.

Injective, a provider of a platform for dApps across decentralized exchanges (DEXs), prediction markets, and lending protocols, will leverage DEGA’s ecosystem to launch its next phase of development via Web3 gaming.

With DEGA, game builders will be able to quickly design and publish games – a new era for GameFi, according to Injective.

The Web3 gaming market continues to witness significant growth, with future projections estimating expansion from $23.9 billion in 2023 to over $133 billion by 2033.