Moxy Partners with Skale Labs to Create a Gasless Web3 Environment
Gaming and eSports platform Moxy has partnered with blockchain firm Skale Labs to create a Web3 environment, offering gasless transactions for end-users.
In a blog post announcing the partnership, Skale Labs revealed that Moxy will migrate its Moxy Token (WMOXY) from Ethereum to the SKALE network. Jack O’Holleran, co-founder and CEO of Skale Labs, expressed his enthusiasm for the collaboration in a social media post.
Related topic: Former Riot Games employees leverage generative AI to power NPCs in new video game
Gasless Blockchain?
According to the blog post, the major selling point of the partnership is the speed and efficiency of the Skale Network, a “gasless” blockchain alternative.
The Skale Labs network operates as a layer-2 Ethereum blockchain. As a result, transactions validated through its protocol against the Ethereum ledger still incur gas fees. However, instead of including gas fees in user transactions, the network charges developers a subscription fee to host their dApps on the platform.
User Adoption
Nolan Bushnell, co-founder of eSports firm Moxy, facilitated the partnership between Skale Labs and Moxy. He is well-known in the gaming industry as the co-founder of Atari.
According to Bushnell, the collaboration is “a game-changer for Web3 gaming” as it addresses the core challenge of convincing cryptocurrency outsiders to interact with blockchain technology:
“By eliminating gas fees and leveraging SKALE’s fast 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.”
The landscape for Web3 and blockchain gaming has been somewhat volatile over the past few quarters. Events such as the Bitcoin halving and significant layoffs throughout the gaming industry have served as key moments for both sectors. However, August showed signs of increased investor interest.
Atari founder’s new firm partners with Skale Labs for gasless blockchain gaming
Andrew Saunders, Chief Marketing and Growth Officer at SKALE Labs, cited the impact of Moxy’s co-founder on the gaming industry as a positive factor. According to Saunders, “partnering with Moxy under his leadership allows us to demonstrate the true potential of SKALE’s technology.” He added that the collaboration would “drive innovation and expand the reach of competitive gaming in the Web3 space.”
As recently reported by Cointelegraph, venture capital funding for cryptocurrency-related projects surged to $633 million in August. One firm, Lemniscap, secured $70 million specifically for early-stage Web3 startups. These developments may indicate growing interest in Web3 and blockchain-connected experiences.