UBA announces strategic partnership with Polygon Studios
UBA(Universal Basic Asset）, A tokenized SocialFi Oracle with Web3 privacy protection, is pleased today to announce a strategic partnership with Polygon Studios to drive the rapid growth of Web3 projects on Polygon by providing a solution for projects to launch on the Polygon ecosystem. In the quickly developing web3 economy, it is increasingly important to have a SocialFi infrastructure that is able to bring real life people relationships onto the blockchain. At the same time, because these social relationships are stored on open blockchain ledgers, it is equally important to protect the data privacy of users and limit the relationship data accessible to only credible developers. Founded in Canada in 2021, the UBA project has over 410,000 users across the globe. The partnership will see UBA and Polygon Studios work closely together to ensure that projects launching on Polygon have access to a full-suite of services, which includes growth, advisory and fundraising.
UBA is an open collaborative infrastructure that allows web3 developers to build their SocialFi project through a tokenized social mapping data. In order to achieve this, UBA sets up a dual token structure: EQUITY as the governance token and UBA as the basic token. The UBA token is a fair launch token that allows anyone to mine with a wallet or an IP address. Users are rewarded for teaming up and making referrals to bring their social connections onto the blockchain. In order to protect on-chain user privacy, the social connection data is only retrievable by credible developers backed by the EQUITY token. The EQUITY token is a governance and utility token, EQUITY can be staked by the developers to access the on-chain social mapping data, developers that make more requests would need to stake more EQUITY tokens. EQUITY token is also awarded to important contributors in the UBA community and can be used to vote on DAO developments. UBA token can be staked to mine EQUITY.
ABOUT POLYGON STUDIOS
Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you’re a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns. If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.