Web3 gaming studio Playnance has been making significant developments in 2024. Recently, Playnance has expanded its ecosystem, introducing a Layer-3 network called PlayBlock and its dedicated wallet, PlayWall. The studio has a strong global presence at both its MENA headquarters in Dubai and its Tel Aviv headquarters.
A Layer-3 gaming blockchain
Layer-3 blockchain networks have quickly gained traction in 2024. Such network solutions are designed to enhance scalability, flexibility, and functionality beyond what Layer-2 scaling solutions provide. Layer-3 networks improve transaction efficiency without overloading the main blockchain network, which is critical for a seamless gaming experience in Web3.
Playnance has become an early mover by leveraging the unique capabilities of this novel infrastructure and introducing PlayBlock – a Layer-3 gaming blockchain developed on the Arbitrum Orbit and powered by Gelato’s Rollup-as-a-Service (RaaS). This new platform is designed to enhance the Web3 gaming user experience by eliminating the need for gas fees, which simplifies gameplay and reduces transaction-related interruptions.
PlayBlock supports integration across various games, allowing players to maintain a single profile with shared achievements and assets across the ecosystem. The platform aims to onboard over 10,000 daily active users and features a native wallet called PlayWall, which features easy social logins through Account Abstraction technology.
PlayBlock leverages advanced technology to achieve a 250ms block time and with the ability to process up to 40,000 transactions per second. It supports high transaction throughput and offers a gas-free gaming experience through Arbitrum’s Anytrust technology and a native gas token. The introduction of PlayBlock represents a step towards a multi-chain vision, intending to achieve limitless scalability and support a vast gaming economy.
PlayBlock’s unique appeal became evident immediately after its launch, as the network reached a record daily transaction number on the Arbitrum Orbit. Overall, in just a month after the launch, PlayBlock processed 11.5 million transactions, averaging 500,000 to 600,000 daily executions, becoming the top network among all Arbitrum Orbit gaming chains.
How does PlayBlock benefit gamers and developers?
For gamers, PlayBlock provides zero gas expense for transactions, enabling uninterrupted, session-based gameplay. Gamers also benefit from easy social login and one-click top-ups for a quality UX.
Developers, on the other hand, enjoy the ease of integration with PlayBlock’s plug-and-play solutions, lightning-fast transaction speeds due to Arbitrum Anytrust technology, and the ability to scale their games efficiently thanks to the platform’s auto-scalable infrastructure. This makes it easier to launch and grow Web3 games.
However, the most unique feature of PlayBlock is its dual tokenomics. The network operates through two distinct tokens, the USDP and PBG tokens, each designed to enhance the gaming ecosystem sustainably and securely.
USDP is a stablecoin pegged to the US Dollar, anchoring the network’s economy and providing transaction stability and predictability. It supports a unique taxation mechanism capped at 1%, designed to redistribute resources within the ecosystem to fuel growth and development. This stable, non-speculative token is critical for both transactions and as a foundational economic tool within PlayBlock.
Addressing common barriers in blockchain gaming, PBG eliminates the need for gas fees, which often hinder user experience due to their complexity and cost. PBG supports a gasless transaction model, where users and developers enjoy simplified interactions without the typical cost associated with blockchain operations. This feature was made possible by the combination of Account Abstraction and Layer-3 technologies.
This dual token approach is a pioneering model in the blockchain gaming space, providing a combination of economic stability and operational efficiency that sets PlayBlock apart from traditional gaming ecosystems and other blockchain networks.
A dedicated Web3 wallet
Another unique aspect of Playnance’s expanded ecosystem is its Web3 wallet, PlayWall, which aims to be the best wallet for Web3 iGaming.. It supports fair and transparent gaming without house advantages and utilizes smart contracts for secure, tamper-proof rules and payouts. PlayWall simplifies access for non-crypto users with easy login (through any common credentials using Account Abstraction) and instant funding options, blending fun and robust functionality in one platform. PlayWall is already integrated with leading games on PlayBlock, including UPvsDOWN, MoonXP, CALLvsPUT, and Turbobit.
Overall, Playnance’s ecosystem offers a robust and scalable platform tailored for both developers and investors. Developers benefit from Playnance’s easy-to-use, gasless network that facilitates the quick launch and management of decentralized games, reducing barriers to entry and operational costs.
For potential partners, Playnance represents a forward-thinking blend of new blockchain technologies that have already demonstrated significant market traction, providing a promising opportunity for engagement and investment in the expanding field of blockchain-based gaming. This ecosystem supports a dynamic and growing community, ensuring ongoing innovation and accessibility.
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