South Korean game developer Nodebrick Inc. announced its collaboration with MakerDAO, the enabler for the generation of Dai. This news was dated 03 September.
Huey Shin, Nodebrick CEO expressed –
“We always believe that strategic and meaningful partnerships is the key to bringing in more value to the community and to our users. The partnerships we undertake realizes these beliefs across how we are building Infinity Star. Having said this, we couldn’t be more excited to have MakerDao in our corner.”
Nodebrick conveyed that its flagship game Infinity Star had adopted Dai. The gaming firm further added that this adoption was due to its integration with peer-to-peer marketplace OpenSea. Nodebrick noted that with fluctuations having multiple consequences for users, having a stablecoin addresses these problems. Nodebrick also started providing a lot of value to the Infinity Star community.
Nodebrick maintained that the integration brings up a suite of opportunities to both the Infinity Star community as well as Maker’s. Nodebrick commented that its team was also considering having Dai as payment to some of its seasonal item sales. The offer would be extended to trade digital premium game items while also providing rewards to its users and the general community.
US crypto asset trading platform, Coinbase has extended to support stablecoin Dai on its platform. Initially, the stablecoin will be available for customers in every jurisdiction, but with an exception for residents of New York. Ethereum-based decentralized stablecoin Dai was developed to sustain a value of approximately a dollar. Unlike other centralized stablecoins, Dai is backed by collateral on the Maker (MKR) platform, as it maintains a peg to the US dollar. The capacity to trade more assets on Coinbase is a result of receiving persistent requests.
Co-founder at UMA protocol shared an announcement about a US Stock Index token powered by the stablecoin DAI. Hart introduced the new token as USStocks and that it was live on the Ethereum Mainnet. Hart conveyed that USStocks is an ERC20 token harmoniously blending the ownership of 500 largest exchange-listed US stocks. He clarified that in simple terms, anyone who is online and own digital coins can be a part of the US stock market.