Zug, Switzerland, March 20, 2024, GamingWire
Playnance, a web3 leader in the peer-to-peer play-to-earn gaming category that accounts for up to 10% of total Polygon POS transactions, today announced the launch of PlayBlock, a gaming Layer-3 ecosystem that powered by Arbitrum Orbit. Gelato’s Rollup-as-a-Service (RaaS) platform. PlayBlock, a new Orbit Layer-3, is ready to onboard more than ten thousand daily active users to its growing ecosystem of web3 games from decentralized commerce, to sports to arcade. The chain will offer game developers extensive white-labeling opportunities and seamless platform integrations, while eliminating the previously existing UX disadvantages of blockchains, such as requiring users to pay for gas. The official launch of the PlayBlock on the mainnet is planned for early April.
PlayBlock’s future-proof design empowers game developers to freely exercise design choices while remaining connected to the platform, greatly simplifying the login process for players by offering a universal profile that allows them to identify their identity, achievements and digital assets seamlessly across multiple games in the ecosystem. The new Layer-3 is poised to lead the coming wave of web3 mass adoption, with a rapidly growing portfolio of over a hundred gal-first games in development.
“The launch of our dedicated chain is a natural evolution of Playnance’s vision as one of the leading peer-to-peer web3 gaming platforms,” said Playnance CEO Roman Levi. “Our ambition is driven by the goal of combining the benefits of Web3 on-chain gaming with the fun and accessibility of traditional gaming, all without the web3 complexity.”
The PlayBlock chain, developed using Arbitrum Nitro’s rollup technology, will be deployed on Gelato’s RaaS platform which uses a range of leading web3 services such as Relayers, VRF, Functions and Account Abstraction to support PlayBlock’s unique meet ecosystem needs. It allows developers to create more user-friendly gameplay directly on the blockchain, thereby improving transparency, fairness and ownership of in-game assets.
Using Arbitrum Anytrust technology, the new PlayBlock chain achieves a 250ms block time and near-instant finality, capable of processing thousands of transactions per second. PlayBlock leverages Orbit’s native guest token feature by introducing the PBG token set to guarantee a zero-guest user experience. Additionally, PlayBlock Layer3 will feature its own stablecoin, USDP, to eliminate volatility and improve the gamer experience by ensuring fair reward payouts are always pegged to a dollar.
The PlayBlock Layer-3 chain is designed to remove the need for users to pay for gas, enabling persistent, session-based, gasless play supported by sponsored transactions through Gelato’s native integrated Relayer. The integration eliminates the need for frequent wallet confirmations and transaction approvals, ensuring uninterrupted and immersive gameplay. PlayBlock will feature a dedicated native escrow wallet called PlayWall, based on ERC-4337. The PlayWall wallet aims to streamline onboarding processes by offering seamless social login and account creation.
“Playnance approached us with a request to design an end-to-end gaming platform that supports thousands of games and millions of users,” said Hilmar Orth, founder of Gelato. “We have developed a game-first, fully serviced, auto-scalable rollup infrastructure that allows Playnance to grow and scale at pace while focusing on their core business.”
Over time, Playnance will move towards a multi-chain vision on Arbitrum Orbit. This transition led by the Gelato RaaS team will involve scaling to multiple horizontally interconnected PlayBlock Layer-3s chains with a mission to achieve unlimited scalability and increased bandwidth to accommodate an economy of hundreds of millions of players. The implementation will include a shared sequencer for smooth cross-chain interoperability.
About Playnance
The Playnance ecosystem bridges the traditional web2 iGaming experience by putting players first, transitioning them to a transparent, trustless world of Web3 GameFi, using the latest blockchain technology for social login, self-control solutions and a one- click crypto bridging mechanism . Today, the Playnance ecosystem handles more than 200,000 transactions daily, totaling more than $450 million paid out. Its flagship product, the plug-and-play P2P trading game UPVSDOWN, is the #1 Polygon iGaming application based on transaction volume.
For more information visit Playnance’s: Official Website | Twitter | LinkedIn
About Gelato
Gelato is an all-in-one Ethereum abstraction as a service platform built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato Rollups allows anyone to build and deploy their fully serviced Layer 2 chains natively integrated with industry-standard Web3 tools and services that provide a production-ready web3- development environment with one click to start.
For more information visit Gelato’s: Official Website | Telegram | Twitter
About Arbitrum Foundation
Founded in March 2023, the Arbitrum Foundation supports and grows the Arbitrum network and community with secure scaling for Ethereum. Launched in March 2023, Arbitrum Orbit is a permissionless path for launching adaptive dedicated L2 and L3 orbit chains using Arbitrum technology. Arbitrum Orbit enables features such as custom gas tokens, dedicated throughput, customizable permissions, interoperability and more by leveraging its secure, scalable and cost-effective blockchain scaling technology. More than 25 Orbit chains have been officially announced, and an additional 50+ are in active development so far.
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