Uniswap Labs announced the acquisition of Crypto: The Game (CTG) on Monday. The price of UNI, the native token of the Uniswap decentralised exchange (DEX) protocol rose slightly amid this news.

Uniswap Labs has acquired Crypto: The Game (CTG), a crypto-focused elimination game that’s set to launch its third season.

The price of Uniswap (UNI) rose slightly following the news. According to CoinGecko, UNI had a 24-hour gain of just over 5% at the time of writing, trading at about $10.33. 

In an announcement, the Uniswap Labs team said that the acquisition will see CTG founders Dylan Abruscato, Tyler Cagle and Bryan Lee continuing as its developers under Uniswap Labs.

“We’re excited to announce that Uniswap Labs has acquired Crypto: The Game (CTG) — the interactive, on-chain survival game. As part of this acquisition, the CTG team will join Uniswap Labs to continue their work on the highly anticipated Season 3. The team will also experiment with on-chain activations for the Uniswap community,” Uniswap Labs said in a blog post on Monday.

CTG is gearing up for its Season 3, the first two having lit up the crypto market. The game’s survivor-like elimination created a buzz on social media – particularly on X (formerly Twitter). Interest in the game saw NFT passes for its Season 2 sell out within minutes.

For the two seasons, contestants entered the challenge by buying in with 0.1 ETH. The tribes participated in challenges, with subsequent voting over ten-day seasons seeing one individual emerge the winner.

Uniswap will use the deal to help build an even more exciting experience for the CTG community, according to an announcement.

The UNI token price surged on Monday following the news, trading at around $10.33 and up by more than 5%.

The post Uniswap Labs acquires Crypto: The Game appeared first on CoinJournal.

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