Binance has also looked to make moves into the gaming world, miroring countless other companies that have made the jump, after their announced partnership with Loom Network (LOOM), a blockchain-based ecosystem for developing online games and social media apps, who will be supporting Binance Coin (BNB) as a payment method.
According to Loom, the BNB token will be accepted as payment across various applications on its PlasmaChain platform and the BNB token will allow decentralized applications (dApps) built on the Loom Network to expand beyond the Ethereum (ETH) network and traditional payment methods (such as credit and debit cards).
James Duffy, the co-founder and chief marketing officer (CMO) at Loom Network, had this to say on the partnership:
“We’re excited to be pushing things forward not only technologically (by integrating ERC20-based payments on a
sidechain), but also by injecting a bit more fun and lightheartedness into the space.”
To mark the occasion, Loom is promoting
Additionally, eligible account holders will be given an “ultra-rare ‘Funds are
Loom, according to the website, “is a Layer 2 scaling solution for Ethereum that is live in production. It is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum.”