Recently, HALO Network partnered with Mars Panda, a blockchain-based platform. Mars Panda aims to dismantle the bureaucracy haunting the gaming world.
As fantastic as this collaboration might be for both parties, many are yet to understand the magnitude of this partnership, especially as it concerns the DeFi space.
What Is Mars Panda?
For a better understanding of how significant this HALO Network – Mars Panda collaboration is to the digital space, some background information is necessary.
Mars Panda is a blockchain-based project that unbundles the gaming industry. Despite the integral role of creativity in that industry, it still feels like a cult – someone has to get you in.
Through Mars Panda, gaming content creators and developers can take their destiny into their hands, leveraging the opportunities that abound in the crypto space.
Also, Mars Panda hopes to launch an NFT marketplace that will rival some of the preferred options right now. With the buzz around NFTs not ebbing, Mars Panda provides a platform for creators to earn from their work without going through a lot of stress.
From afar, Mars Panda might seem like just another gamification project that relies on the digital ledger, but it’s much bigger than that. And we’ll get to that soon.
HALO Network’s Role
The collaboration between HALO Network and Mars Panda will take the DeFi space to newer heights.
Mars Panda currently operates on the BSC. But the gamification project requires an efficient cross-chain bridge. Such a bridge will furnish all blockchains with Mars Panda's gamification products and NFT marketplace.
Thankfully, the HALO bridge offers Mars Panda a leeway to achieve its aim of a cross-chain offering. Through the HALO bridge, HALO Network gets Mars Panda to both Tron and Ethereum blockchain. These cross-chain connections will happen in phases within September and October 2021.
Besides the cross-chain bridge, HALO Network will support Mars Panda’s AW Swap. By deploying the AW Swap, Mars Panda hopes to reward the users of its ecosystem, and HALO Network will be the go-to choice for all the digital infrastructure setup.
Impact Of The HALO Network – Mars Panda Partnership On DeFi
The collaboration between HALO Network and Mars Panda means a lot for the DeFi. Partnerships might be commonplace in the DeFi, but this one trumps them all.
DeFi has struggled to gain mainstream traction for a lot of reasons. One of such is the disconnect between the traditional finance sector and the DeFi protocols. People find it cumbersome dealing with the merry-go-round that’s required to utilize these DeFi products.
Brings More People To DeFi
Through the HALO Network – Mars Panda collaboration, users get easy access to DeFi protocols and the colorful world of NFTs. Mars Panda’s MPC platform/customer wallet makes this a reality. Users can interact with the MPC platform, convert fiat into MPT and access an array of DeFi products, gaming and NFTs.
The mass adoption of DeFi also gets a boost through this partnership between HALO Network and Mars Panda. Gamers, game developers, digital art creators, and others get to enjoy the dividends of their work. This is bound to attract more of such mostly mainstream users.
The cross-chain penetration of Mars Panda – made possible through the HALO bridge – will open these networks to more users. As Mars Panda gets more visibility and users, everyone in the gaming industry will get drawn to the DeFi ecosystem and the digital ledger.
Mars Panda will be bringing e-commerce to the digital ledger. The blockchain-based project can upstage OpenSea as the preferred place for NFT trading. Displacing a first-mover like OpenSea is no mean feat, but MarsPanda can do it.
With the partnership between HALO Network and Mars Panda, cross-chain access to the NFT marketplace is possible. Users can buy/sell NFTs across multiple chains using cryptocurrencies of such chains. You no longer have to spend a fortune to mint those NFTs. This will see a lot of digital art creators make the switch to the Mars Panda's platform.
Through this partnership with Mars Panda, HALO Network is committed to providing the necessary framework to facilitate the development of the Mars Panda platform.
Having the backing of a blockchain network like HALO works in favor of Mars Panda. The blockchain-based project gets the needed support for its liquidity pool. With the debut of HOSWAP, HALO Network’s DEX, Mars Panda can host its liquidity pool on the innovative DEX.
LP providers for the Mars Panda liquidity pool on HOSWAP will be pleased by the cheap fees. The affordable and efficient transactions occasioned by HOSWAP should see more people get involved in DeFi activities.
Conclusion
HALO Network's partnership with Mars Panda will put the entire crypto ecosystem on the map. Both parties bring a lot to the table. This should result in a win for everyone involved, including the DeFi space.
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