According to Cointelegraph, gaming and eSports platform Moxy has partnered with blockchain firm Skale Labs to develop a Web3 ecosystem featuring 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 Protocol. Skale Labs co-founder and CEO Jack O’Holleran expressed his enthusiasm for the deal on social media.
The major selling point for 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, meaning transactions verified via its protocol against the Ethereum ledger still incur gas fees. However, instead of including gas fees in user transactions, the company charges developers a subscription fee to host their dApps on the network.
Nolan Bushnell, the co-founder of eSports firm Moxy and well-known as the co-founder of Atari, facilitated the partnership between Skale Labs and Moxy. Bushnell described the collaboration as “a game-changer for Web3 gaming” because it addresses the core challenge of convincing cryptocurrency outsiders to interface with blockchain technology. He stated, “By eliminating gas fees and utilizing SKALE’s high-speed 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 unstable over the past few quarters, with events such as the Bitcoin halving and massive layoffs throughout the gaming industry serving as inflection points for both sectors. However, the month of August showed signs of increased investor interest. Andrew Saunders, the chief marketing and growth officer at SKALE Labs, cited Moxy’s co-founder’s influence on the gaming world 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 Cointelegraph recently reported, venture capital funding for cryptocurrency-related projects surged to $633 million in August. One firm alone, Lemniscap, secured $70 million specifically for early-stage Web3 startups. These developments could indicate rising demand for Web3 and blockchain-connected experiences.
