- Moxy partners with Skale Labs to eliminate gas fees, aiming to save $3.5M annually.
- Moxy’s shift to SKALE Protocol promises a gas-free gaming experience for users.
- The Moxy-Skale partnership leverages layer-2 tech for cost-effective blockchain gaming.
Moxy, a gaming and eSports platform, has partnered with blockchain firm Skale Labs to create a Web3 environment for improved gaming experiences. The collaboration intends to eliminate gas fees for end users by shifting the native Moxy Token (WMOXY) from Ethereum to the SKALE Protocol, transforming blockchain gaming accessibility.
Co-founder and CEO of Skale Labs Jack O’Holleran expressed his excitement about the collaboration and emphasized the advantages of easy and affordable blockchain transactions. Developers can operate their decentralized applications (dApps) more profitably by collecting a subscription fee rather than per-transaction gas expenses through the SKALE network, that serves as a layer-2 Ethereum blockchain.
Enhancing User Adoption and Experience
The project is led by Nolan Bushnell, Moxy’s co-founder and a prominent gaming industry figure who founded Atari. According to Bushnell, the gaming industry will never again have to pay gas fees and can take advantage of SKALE’s high-speed infrastructure. “This partnership bridges the gap between traditional and blockchain gaming, creating a seamless and rewarding experience for all,” stated Bushnell.
The removal of gas fees is expected to draw more people to blockchain gaming and raise adoption rates among those who were previously uninterested because of financial worries.
Moxy’s move to the SKALE network is estimated to save the company around $3.5 million per year in transaction fees, which will be reinvested to improve the gaming ecosystem. This strategic financial change is expected to improve the competitive gaming environment and increase player benefits.
Read CRYPTONEWSLAND on
google news
Industry Impact and Market Implications
Moxy and Skale Labs have formed a partnership amid challenges in the Web3 and blockchain gaming sectors, including market volatility and decreased investor interest. However, recent trends suggest a resurgence of investor engagement in innovative gaming solutions.
Andrew Saunders, SKALE’s Chief Marketing and Growth Officer, highlighted the potential impact of the partnership, stating, “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.” This collaboration is not just a technical upgrade for Moxy but a strategic move that could influence the broader gaming and blockchain industries.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
