1. BITBILIHome
  2. Article

Ava Labs launches Arcad3 to help gaming companies enter the Web3 space

• 33 views

TL;DR Breakdown

  • Ava Labs has launched Arcad3 to introduce gaming outfits into the Web3 ecosystem.
  • The platform has announced two firms as early partners in the project.

Ava Labs, the crypto firm supporting the Avalanche blockchain, has introduced Avalanche Arcad3, a collaborative program aimed at traditional game developers seeking to explore blockchain game integrations. The initiative has already garnered early partnerships with Japanese metaverse and entertainment companies Gree and Gumi, both of whom are eager to delve into blockchain gaming through the Ethereum-compatible Avalanche chain.

Ava Labs wants to bring Web3 to gaming companies

Avalanche Arcad3 aims to bridge the gap between “Web2” game developers and various entities within the blockchain gaming ecosystem. The program will connect game makers with existing esports organizations, blockchain gaming guilds, and Web3 game studios operating on the Avalanche network. Participants will gain insights into regulatory compliance strategies, and implementation of on-chain features such as NFTs, prize pools, esports marketing, and in-game tokens.

For Web2 partners, Ava Labs will offer guidance on entering the crypto gaming space more broadly and effectively marketing the transition to gamers who may have reservations about Web3 integrations. Ed Chang, Head of Gaming at Ava Labs, expressed the importance of understanding the community and effectively communicating blockchain concepts, citing past missteps by larger Web2 studios entering the Web3 space.

By joining Avalanche Arcad3, studios, and game developers enter a mentorship program and support network where they can explore the potential of blockchain gaming alongside experienced Web3 firms. The program does not impose exclusive commitments but rather fosters collaboration and knowledge-sharing among participants.

The platform has announced two new early participants

Web3 participants already involved in Avalanche Arcad3 include games like Shrapnel, DeFi Kingdoms, and Gunz, as well as the Blitz gaming platform operated by esports organization TSM. Notable organizations such as 2dao3, Republic Crypto, and Avalaunch have also joined the program, contributing to its diverse and vibrant ecosystem.

Gree, a prominent participant in the Japanese metaverse and entertainment industry, expressed enthusiasm for the Arcad3 program. Eiji Araki, Board of Director and SVP, Metaverse at Gree, stated that their involvement with Ava Labs would enable them to stay at the forefront of Web3 gaming and build relationships with studios pioneering the space.

Araki further revealed that Gree’s upcoming Web3 game, currently known as Project Incursion, will blend their extensive knowledge in mobile game development with the essence of Web3, aiming to create a groundbreaking gaming experience. Arcad3’s mentorship program, along with the collaboration opportunity presented by Ava Labs, was deemed valuable by Araki, who highlighted the significance of experienced Web3 partners in the pursuit of building exceptional Web3 gaming experiences.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Ava Labs launches Arcad3 to help gaming companies enter the Web3 space

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月14日 19:50
Next 2023年6月14日 22:29

Related articles

  • CryptoUK clashes with Treasury Committee over-classification of cryptocurrency as gambling

    TL;DR Breakdown CryptoUK has criticized the recent regulation in the cryptocurrency sector. The Treasury Select Committee has equated cryptocurrency investment and trading to gambling. The government has been urged to reconsider its position on cryptocurrency regulation by CryptoUK. The recent regulation in the cryptocurrency sector in the United Kingdom (UK) has faced criticism from an advocacy group. The group has disapproved of the U.K. Parliament Treasury Select Committee’s move, arguing that cryptocurrency should be regulated as gambling. CryptoUK has released a scathing statement opposing the conclusion reached by the Treasury Select Committee. The association labeled the Committee’s findings as “unhelpful, false, fundamentally flawed, and unsubstantiated.” CryptoUK further expressed dissatisfaction, asserting that the statement from the Committee failed to truly grasp the cryptocurrency industry’s essence, purpose, and immense potential. Challenging the government’s stance, Ian Taylor, a Board Advisor at CryptoUK, raised a thought-provoking question: Would the government be willing to disregard the substantial tax revenue, amounting to tens of millions of pounds, generated from the buying and selling of unbacked crypto assets? This new development presents a captivating angle, with CryptoUK…

    Article 2023年5月18日

  • China’s state banks shift: Selling dollars for yuan abroad

    Description In the cutthroat arena of global currencies, China is making a power move. The nation’s predominant state-owned banks have been actively offloading U.S. dollars, opting instead for their own currency: the yuan. This isn’t just a domestic play, either – they’re trading in both onshore and offshore spot foreign exchange markets. The reason? To put … Read more In the cutthroat arena of global currencies, China is making a power move. The nation’s predominant state-owned banks have been actively offloading U.S. dollars, opting instead for their own currency: the yuan. This isn’t just a domestic play, either – they’re trading in both onshore and offshore spot foreign exchange markets. The reason? To put the brakes on the accelerating depreciation of the yuan. A Bid to Halt the Yuan’s Slide Amidst the backdrop of an ever-evolving global economy, China’s banks haven’t just been sitting on the sidelines. While it’s not uncommon for these behemoths to trade on their own or execute client orders, the current scenario is distinct. Given the mounting pressures on the yuan, these institutions are now speculated…

    Article 2023年8月18日

  • Atomic Wallet users lose $35 million in crypto assets in security breach: Report

    TL;DR Breakdown Users of Atomic Wallet have lost over $35 million in cryptocurrency assets due to a major security breach. Atomic Wallet, a noncustodial-decentralized wallet, is investigating the attack but has provided little concrete information to its users. The hack joins a series of recent crypto breaches, raising concerns about the security of decentralized wallets. Atomic Wallet’s vulnerability and lack of liability for on-chain damages have come under scrutiny. Atomic Wallet has suffered losses totaling at least $35 million in cryptocurrency assets since June 2, according to an analysis conducted by renowned on-chain sleuth ZachXBT. Atomic Wallet boasts a user base of over 5 million individuals worldwide. The platform, which places the responsibility of asset storage on its users, is now facing intense scrutiny due to stolen tokens, erased transaction histories, and even entire crypto portfolios being pilfered. Concerned by the scale of the attack, ZachXBT, a pseudonymous Twitter user renowned for tracking stolen crypto funds and assisting hacked projects, expects the total losses to surpass $50 million potentially. Despite Atomic Wallet’s claims to be investigating the incident, victims have…

    Article 2023年6月9日

  • SEC cracks down on Utah-based DEBT Box in crypto fraud scheme, freezing $50 million in assets

    TL;DR Breakdown The SEC has obtained a freeze on assets of Utah-based DEBT Box for alleged fraudulent crypto sales, raising $50 million. DEBT Box reportedly misled investors about “node licenses” to generate crypto tokens, creating them instantaneously with blockchain coding instead. Eighteen defendants are charged, and the SEC is seeking permanent injunctive relief, return of gains, and civil penalties, highlighting concerns over unregistered crypto securities. Description On Thursday, the Securities and Exchange Commission (SEC) launched an emergency legal intervention against Digital Licensing Inc., conducting business as “DEBT Box,” alongside its four principals and 13 additional defendants. This move is in response to the discovery of an alleged fraudulent scheme that sold unregistered crypto asset securities named “node licenses” to hundreds of … Read more On Thursday, the Securities and Exchange Commission (SEC) launched an emergency legal intervention against Digital Licensing Inc., conducting business as “DEBT Box,” alongside its four principals and 13 additional defendants. This move is in response to the discovery of an alleged fraudulent scheme that sold unregistered crypto asset securities named “node licenses” to hundreds of U.S….

    Article 2023年8月4日

  • BKEX suspends services amidst money laundering scandal: a new blow to the crypto industry

    TL;DR Breakdown   BKEX halts services amid a money laundering scandal, freezing user withdrawals. Users express discontent over suspension and question necessity. BKEX collaborates with authorities and vows to restore normal operations. Cryptocurrency exchange giant BKEX recently suspended its services in an unexpected development. Citing large-scale financial misconduct involving money laundering on its platform, the firm has temporarily decided to freeze all user withdrawals. The event marks a significant moment in the ongoing scrutiny of crypto exchange activities worldwide. Reports indicate that the BKEX platform was a conduit for illicit financial activities. The company declared that users’ funds were implicated in a money laundering scandal. In a move towards transparency and collaboration, BKEX has been actively liaising with various law enforcement agencies to collect evidence and to understand the extent of criminal activities. The company stated, “BKEX is working diligently to cooperate with the regulatory investigation, aiming to restore the normal operation of the platform as soon as feasible. Our team is committed to working with the relevant authorities to address the current issues, ensuring the rights of our users…

    Article 2023年6月2日
TOP