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Ultra current price is $0.3558 with a marketcap of $96,667,287.00. Its price is -4.87% down in last 24 hours.
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What Is Ultra?
Ultra is the initial product, based on proprietary UOS blockchain technology, to disrupt the gaming industry. The platform makes it possible to play the latest mainstream games as well as construct and manage your own game distribution business or virtual goods trade service. For both players and developers, the platform is an excellent resource.
How Does It Work?
It is a distributed economy where you may make money by playing, advertising, or selling games that will be created using the Ultra protocol. There are various lucrative tasks on the platform, such as writing articles or streaming through Twitch. Many gamers across the globe have downloaded games from Ultra because it is simple and fast.
Customers can buy all games using the same payment method as PayPal or credit cards. The ecosystem keeps around 40 cents of every dollar that enters the ecosystem in UOS cryptocurrency.
Who Is The Team Behind It?
The Hyperledger Project is led by David Hanson and Nicholas Gilot, who act as co-CEOs. Nicholas was the creator and CEO of Xiaobawang, a $100 million gaming company for the Chinese market in conjunction with AMD that he founded and ran as CEO. Hanson has been involved in the blockchain sector almost from its beginning, and Gilot has generated 1.5x – 3x income from the many game/app ventures on which he has collaborated.
The goal of this project is to successfully disrupt the gaming industry via the usage of the UOS cryptocurrency token. It would be a fantastic investment opportunity if the platform were to capture even a small portion of the 140 billion dollar industry, particularly considering that the platform is still in its early stages of development. However, they will be competing against companies such as Steam, which will make it a tough struggle for them, but the team has the necessary skills to be a successful venture.