Algorand, the American-based blockchain technology startup, has joined Blockchain Game Alliance (BGA), the major blockchain gaming association, to provide the creation of nonfungible tokens (NFTs) for the gaming industry.
It has been reported that according to the BGA website, Algorand is now officially a BGA member, as they join more than 60 BGA companies, such as ConsenSys and MakerDAO.
However, Algorand said that the firm will be contributing to the BGA as a member and supporting sponsor.
By joining the alliance, Algorand wants to bring a number of benefits to the gaming industry, as it promises to provide increased network speed, reduced transaction costs, expanded market opportunities for players and publishers, and “community ownership of the entire gaming ecosystem.”
Founded in 2019, the BGA intends to boost blockchain adoption in gaming. They also seek to represent blockchain gaming and major game industry events with sponsorship from leading technology companies.
Shamir Ozery, the Marketing Programs Director at Algorand, highlighted that the new partnership will contribute significantly to mainstream acceptance of blockchain tech in the gaming industry.
Thus, he added:
“Our partnership with the BGA is an opportunity to spread awareness about blockchain technologies and encourage adoption by highlighting their potential to foster new ways to create, publish, play, and build strong communities around games.”