In a groundbreaking announcement, GAIMIN, a prominent provider of Decentralized Physical Infrastructure Networks (DePIN), has unveiled the world’s first L2 blockchain dedicated to advancing Web3 technology and services tailored for the gaming industry.
Evolution of Web3 Technologies in Gaming at a Snail’s Pace
The gaming sector has experienced a gradual integration of Web3 technologies, encompassing blockchain, cryptocurrency-based economies, and owner-retained NFTs. However, the advancement has been impeded by significant entry barriers, such as sluggish transaction speeds, high latency, scalability issues, expensive transactions (gas fees), and the prolonged validation and processing of blockchain transactions via conventional L1 blockchains. Game developers have hesitated to adopt Web3 technologies due to the critical need for swift data processing without affecting gameplay with lag or delays.
Surmounting Challenges with L2 Blockchain Technology
Today signifies a pivotal moment as GAIMIN introduces the concept of an L2 blockchain, surmounting traditional obstacles and enabling the integration of Web3 technologies into the gaming domain. The L2 blockchain functions as a network layered on top of the primary L1 blockchain, utilizing technology to boost transaction processing speed, validation efficiency, and mitigate gas fees. GAIMIN has collaborated with BNB Chain and MOVEMENT Labs to spearhead the world’s foremost L2 blockchain tailored for gaming applications.
Strategic Partnerships for L2 Blockchain Advancement
BNB Chain, a globally recognized blockchain, integrates an L2 solution known as opBNB, offering conventional L2 features and functionalities to enhance the capabilities of BNB Chain. Simultaneously, MOVEMENT Labs enhances the synergy by enhancing L2 architectures, increasing transaction throughput from approximately 4k TPS to an impressive 150k TPS. Their technology introduces decentralized sequencing, smart contract translation, cross-chain data transposition, and account abstraction features while reducing gas fees and operational costs.
Global DePIN Network for Streamlined Transaction Processing
To enable seamless delivery of L2 blockchain processing services on a global scale, a robust DePIN network is essential. GAIMIN fulfills this requirement through gaimin.cloud, a decentralized network of PC-based devices serving as a worldwide platform for processing blockchain transactions, video rendering, and AI data processing.
GAIMIN’s Vision for Empowering Gamers
Martin Speight, CEO of GAIMIN, conveyed the company’s gamer-centric ethos, affirming, “GAIMIN was established by gamers, for gamers with a philosophy of No Gamer Left Behind.” Leveraging the established and operational DePIN, which relies on gamers permitting their PCs to engage in gaimin.cloud, the gaming community becomes a pivotal force in revolutionizing the industry. Gamers will play a crucial role in fueling their games and, in turn, receive rewards for their active involvement.
Picturing a Paradigm Shift in the Gaming Landscape
In conclusion, Martin Speight emphasized the importance of constructing the gaming L2 blockchain on BNB Chain, incorporating opBNB, MOVEMENT Labs technology, and GAIMIN’s DePIN. This strategic coalition is positioned to catalyze a paradigm shift in the gaming sector, propelling it into the Web3 era and ushering in a new epoch of innovation and collaboration.