Moxy to Save $3.5 Million Annually Thanks to 'Gasless Gaming'
- WBOYOriginal
- 2024-09-09 00:03:18990browse
The partnership will allow Moxy’s end-users to indulge in blockchain gaming without paying gas.
Web3 gaming platform Moxy has partnered with Ethereum layer-2 network SKALE to facilitate blockchain gaming without gas for end-users.
Moxy, an eSports gaming platform, is best known for being the brainchild of Nolan Bushnell, the creator of Atari, Pong, and Chuck E. Cheese. The platform is designed to allow users to compete in Web3 games and earn cryptocurrency.
Moxy to Save $3.5 Million Annually Thanks to ‘Gasless Gaming’
Moxy initially used Ethereum for its on-chain needs. The move to SKALE is set to save the gaming company $3.5 million annually due to the elimination of gas fees. Speaking about the partnership in an announcement from SKALE, Bushnell said, “By eliminating gas fees and utilizing SKALE’s high-speed infrastructure, we are setting a new standard for what gamers and developers can expect. This partnership bridges the gap between traditional and blockchain gaming, creating a seamless and rewarding experience for all.”
While SKALE does incur gas fees as it rolls up transactions to Ethereum, developers launching their dApps on the layer-2 pay subscription fees instead of gas. That, coupled with the already low transaction costs on layer-2s, makes a network like SKALE ideal for gaming. Moxy will be moving its native asset, WMOXY, from Ethereum to SKALE to capitalize on the lower costs. It plans to reinvest the saved funds into its ecosystem, “enhancing the competitive gaming environment and boosting rewards for players.”
SKALE co-founder Jack O’Holleran expressed his excitement about the collaboration on Twitter. “I’m pumped that the founder of Atari (also the founder of Chucky Cheese and Pong) and his amazing teammates at @Moxyio are building on SKALE,” he wrote. The network’s chief marketing and growth officer, Andrew Saunders, also spoke about the partnership. “Nolan’s influence on the gaming world is profound and enduring. Partnering with Moxy under his leadership allows us to demonstrate the true potential of SKALE’s technology,” he said.
This move may reignite investor interest in the blockchain gaming sector, which saw lows in VC fund inflows that have not been witnessed since Q3 2020, according to a Dappradar report.
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