Video games and online gaming have become some of the largest industries on the planet over the past thirty years as digital technology and the internet take interconnected people from around the earth and transformed us into a global society.

Decentralization and blockchain applied science are gathering steam every bit a transformative new way to operate and build an ecosystem, and Ultra is one gaming-focused project that has been gaining momentum in recent months.

Ultra, a blockchain-based PC game distribution platform, is created for gamers and game developers and allows users to develop multiple revenue streams, including the ability to resell games and in-game items.

Developers for the project accept created a customized version of the EOSIO blockchain designed to offer free user account creation and higher transaction throughput through meliorate resources allotment.

Data from Cointelegraph Markets and TradingView shows that Ultra'due south native UOS token surged 225% during the past month as the cost rallied from $0.132 on Feb. 1 to an all-time loftier of $0.42 on Feb. 22.

UOS/USDT iv-hour chart. Source: TradingView

As seen on the chart above, UOS trading volume hit a record $31 one thousand thousand on Feb. 21 and February. 22 post-obit its listing on Bithumb.

NFT popularity provides a boost to Ultra

Nonfungible tokens, or NFTs, are one of the fastest-growing trends in cryptocurrency currently, and UOS has benefited from their growth. The developers at Ultra have been focused on the technology underlying NFTs, as they can enable unique in-game items to be resold in multiple marketplaces and eventually on decentralized exchanges.

Interoperability between blockchain platforms is also a major topic in the crypto ecosystem, and the team at Ultra is developing and beta testing a new mainnet that will retain the ability to operate on Ethereum.

While UOS is interoperable with the EOSIO blockchain, Ultra developers are likewise exploring NFT interoperability with several other blockchains including The Sandbox and Elrond. The project likewise has an evolving partnership with Theta that will enable livestreaming gameplay and cantankerous-chain NFT transfers.

Aside from its principal clan with the gaming giant Ubisoft, contempo partnerships with globally recognized companies similar semiconductor manufacturer AMD and Atari accept likewise helped propel UOS price higher in 2021.

Big-proper name partnerships, cross-concatenation interoperability and the growth of the NFT sector have Ultra well-positioned to benefit from the bullish momentum in the cryptocurrency market place.

The games sector is expected to continue its exponential growth for the foreseeable future, and as blockchain gaming becomes more popular, UOS could benefit from having the get-go-mover advantage.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, yous should conduct your own research when making a decision.