DeFi infrastructure companies Boson Protocol and Royale Finance have teamed up to introduce an in-game currency that can be exchanged for real-world goods.
Boson Protocol's goal is to create a decentralized commercial ecosystem and make it possible to trade digital currencies for real-world goods, while doing so quickly, efficiently, and slashing costs.
Thanks to this partnership, the companies now allow consumers to start spending the digital currency on the real-world goods they want. In doing so, they claim to bootstrap innovation with the security and transparency of the blockchain.
Commenting on the development, Boson Protocol co-founder and CEO Justin Banon said that his company's focus is to improve the decentralized web and lay the “basic plumbing” for commerce.
Banon was thrilled to be at the forefront of making it possible for digital currencies to be used on real-world items and said that consumers can generate in-game rewards and swap those out for actual objects from the real world.
Royale Finance CEO Giorgio Andrews pitched in arguing that centralization has stifled innovation across numerous sectors, and especially in igaming. Thanks to decentralized commerce this can now change, Andrews believes.
This partnership could shape the way in how consumers acquire digital tokens and have the option to exchange them for real-world goods. This may give a fresh incentive to token holders to engage with a given gaming token, push its value and bring even more real-world benefits to holders.