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London, USA, September 17, 2024, Chainwire – PlaysOut, a leading innovator in building advanced mini-game ecosystems within global super apps for Web2 and Web3, announced a strategic partnership with MovePosition, a high-fidelity DeFi protocol recently launched on the Movement Labs testnet, known for its capital and risk efficiency. This partnership will integrate decentralized finance into PlaysOut’s growing mini-game platform and marks a significant milestone in PlaysOut’s mission to reshape user interaction and gaming experiences globally.
The PlaysOut platform, which enables super apps and giant Web2-oriented platforms like telcos to deliver rich user engagement via mini-games, will now be enhanced by MovePosition’s cutting-edge DeFi capabilities. By integrating MovePosition’s low-cap financial products, built on Concordia’s modular and scalable risk management architecture, PlaysOut aims to provide users with seamless access to decentralized financial services directly within its platform’s mini-games.
This collaboration comes at an opportune time as PlaysOut continues its expansion into the blockchain space, supported by recent investments from Aptos and OKX Fund. Moveposition is part of the Superposition ecosystem, which features a state-of-the-art risk management infrastructure on the Aptos mainnet, with development networks on Solana and EVM. The integration with MovePosition will support PlaysOut’s transition to a multi-chain strategy, improving the platform’s scalability and reach across various blockchain networks.
“At PlaysOut, our goal has always been to create immersive and engaging experiences for users around the world. This partnership with MovePosition allows us to take a bold step forward by integrating DeFi into our mini-game ecosystem, providing users with unprecedented financial flexibility and security,” said Jassem Osseiran, Co-Founder of PlaysOut. “With this initiative, we are not only differentiating ourselves from traditional Web3 games, but also enabling super apps and Web2 platforms to deliver next-gen experiences.”
MovePosition’s advanced DeFi solutions provide PlaysOut with a solid financial foundation, enabling a new level of capital efficiency and risk management in the gaming industry. This partnership is part of MovePosition’s broader strategy to integrate its products into promising platforms, ensuring its technology addresses practical and innovative use cases beyond traditional DeFi environments.
“We are excited to partner with PlaysOut and bring our DeFi expertise to their innovative platform,” said Alex Hoffman, Head of Ecosystem at MovePosition. “This collaboration allows us to demonstrate the power and flexibility of our financial products, positioning MovePosition as a key player in the evolution of decentralized finance within the gaming industry.”
Moving forward, this partnership paves the way for potential collaborations between PlaysOut and Superposition and MovePosition, further strengthening the ecosystem and providing users with unparalleled opportunities to engage with DeFi in their favorite mini-games. By differentiating themselves from competitors like Echelon, PlaysOut and MovePosition are poised to lead the charge in integrating DeFi into everyday digital interactions, particularly among large user bases that prioritize gamified experiences.
About PlaysOut
PlaysOut is a global mini-program platform, aligned with the Weixin Mini-Program framework. It provides SDK interfaces for super apps, simplifying integration for developers and providing access to a rich range of mini-game content. Leveraging strong technical capabilities and collaborations with game developers, PlaysOut aims to become the largest mini-game publisher in the Web3 space. PlaysOut is a leader in integrating Web3 technologies, including NFTs and DeFi, into its ecosystem. This provides transparent, secure, and user-owned content, enhancing gaming experiences and creating new opportunities in social, entertainment, and payments. By simplifying and securing Web3, PlaysOut removes the intimidation that retail users often experience in gaming.
About MovePosition
A new generation of high-performance, optimally parallelized blockchains has emerged to revolutionize on-chain execution speed. Moveposition, incubated by Superposition, is built on this infrastructure using adaptive risk management to deliver accurate, reliable, and detailed solutions, paving the way for high-fidelity DeFi. Moveposition solves the DeFi bottleneck of inadequate collateral risk management, increased security risks, and insufficient borrower empowerment. By analyzing real-time market volatility of collateral portfolios and integrating on-chain behavior, Moveposition delivers maximum capital efficiency for the ecosystem and precise personalized borrowing rates for users.
Contact
Jon Lindsay Phillips
PhillComm Global
(protected email)
704.942.1557
