Blog-new-logo-2023Blog-new-logo-2023Blog-new-logo-2023Blog-new-logo-2023
Visit CoinDCX
Visit CoinDCX
✕
            No results See all results

            Immutable’s zkEVM Revolutionizes Web3 Gaming with Gas Fee Elimination

            Immutable’s zkEVM revolutionizes Web3 gaming, cutting out gas fees entirely!

            14 Dec 2023 | 2 min read

            Key Takeaways:

            • Immutable’s zkEVM will enable game developers to eradicate transaction fees, ensuring a frictionless experience for gamers.
            • The protocol allows game developers to sponsor gas fee payments through Immutable Passport, offering a limited-time benefit during the mainnet launch.
            • Immutable’s CTO, Alex Connolly, addresses gas fees, a longstanding barrier in Web3 gaming, as the platform aims to provide a familiar and streamlined user experience.
            • Over 20 gaming studios, including industry giants like GameStop and TokenTrove, have pledged support for the zkEVM beta launch.

            Immutable, a prominent player in the Web3 gaming sector, is poised to make a groundbreaking move by eliminating gas fees for gamers with the introduction of its zero-knowledge proof-based scaling platform, zkEVM. This innovative protocol is set to redefine the gaming experience, offering a seamless onboarding process for users while addressing a persistent challenge in the blockchain gaming space.

            Michael Powell, Immutable Product Marketing Lead said in a statement, “To truly appeal to all gamers, Web3 games must be able to offer players a familiar and streamlined user experience, making the blockchain components as effortless and native as possible.”

            In the grand scheme, the primary objectives of Immutable’s zkEVM and Passport are to shield players from the intricacies of gas fees, fostering a shift towards a monetization approach wherein studios view gas expenses as equivalent to infrastructure costs. Immutable envisions that this transition will result in a more seamless onboarding process and increased rates of transaction conversion.

            Presently, over 200 games have pledged their commitment to develop within Immutable’s expansive ecosystem. Notable titles such as Shardbound, MetalCore, and Space Nation are poised to make their debut on the Immutable zkEVM network.

            Read More: Flipkart Ventures in to Web3 with ForeDrops Loyalty Program on Polygon CDK

            Conclusion:

            Immutable’s zkEVM emerges as a game-changer for Web3 gaming, presenting a viable solution to the long-standing issue of gas fees. By streamlining the user experience and offering cost-effective solutions for game developers, this protocol sets the stage for increased player adoption and potentially transforms gas fees into a manageable expense akin to infrastructure or server costs.

            Source: Cointelegraph

            Share
            CoinDCX
            CoinDCX

            Related posts

            Bitcoin Price Hits New All-Time High Following Fed’s 25-Basis-Point Rate Cut

            Fed’s interest rate cut spurs crypto momentum, boosting Bitcoin and Ethereum prices.


            Read more
            8 Nov 2024
              | 4 min read

            Blum Secures Major Investment from TOP to Strengthen DeFi Presence in TON Ecosystem

            TOP’s backing aims to accelerate Blum’s multi-blockchain expansion.


            Read more
            7 Nov 2024
              | 5 min read
            Logo_CoinDCX
            Company
            • About Us
            • Blog
            • Careers
            • Fees
            • Media Kit
            • Proof of Reserves
            • Partners
            • Bug Bounty
            • Community
            • Policy
            Product
            • Spot Trading
            • Margin Trading
            • Convert
            • Futures Trading
            • Earn
            • VIP
            Support
            • 24/7 Chat Support
            • Support Center
            • Terms of Use
            • Privacy Policy
            • Risk Disclosures
            • Security
            • Terms of Use: Web3 Wallet
            Business
            • OTC
            • API Broker
            • Enterprise
            • New Coin Listing
            • Ventures
            • Affiliate
            Crypto Prices
            • Bitcoin Price
            • Ethereum Price
            • Ripple XRP Price
            • Dogecoin Price
            • Solana Price
            • Litecoin Price
            • All Crypto Prices
            Contact Us

            For grievance redressal write to Grievance Officer - Mr. M Jain (grievance@coindcx.com)
            Regulatory Authority write to legal@coindcx.com
            Press Enquiries write to media.queries@coindcx.com

            Disclaimer

            Crypto products & NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations.

            *Data sourced from Looker app as on 01st May,2023
            *Data as on 01st May,2023
            *Quarterly trading volume for Q2 FY'23. Currency conversion rate applied as in data capturing period
            *FIU Registered entity, NEBLIO TECHNOLOGIES PVT LTD
            *Certified in India for May 2023-24

            © 2024 All rights reserved

                      No results See all results
                      • CRYPTO NEWS
                      • TOPICS
                        • Futures Trading
                        • Crypto Basics
                        • DeFi
                        • Metaverse
                        • NFT
                        • Blockchain
                      • CRYPTO VERSE
                        • Personal Finance
                        • Cryptocurrency
                        • Price Predictions
                        • Crypto Deep Dives
                      • PRODUCT
                        • Tutorials
                        • Product Features
                        • Security
                      • COINDCX
                        • Announcements
                        • Community
                        • Crypto Competition
                        • Listings
                        • Opinion
                        • Stories
                      Visit CoinDCX