Avalanche Blockchain (AVAX) was founded by Cornell University professor Emin Gün Sirer. The development team can build decentralized financial products, game platforms and NFT platforms through smart contracts. Its currency price was on November 21, 2021. It reached an all-time high of $144.96 on the day and was at $24 as of writing. On the 20th, Konami announced that it will use Avalanche technology to cooperate in the development of the Resella blockchain to promote the company’s video game innovation. Avalanche’s currency price is still outperforming the illiquid market and continues to collapse, falling 36% in 30 days.
KONAMI is building a blockchain.Resella, a gaming focused L1 powered by Avalanche, is the latest innovation from a company that’s made video games for half a century.Crafted to meet the needs of both game developers and users, here’s what to expect from @Konami’s Resella. pic.twitter.com/9gs72LaSm0
— Avalanche (@avax) June 20, 2024
Customized subnet (Subnet) commercial applications
The digital entertainment company of Japanese game leader Konami will build a new Web 3 platform Resella through technical cooperation with the Avalanch ecological chain. It will upgrade and expand the customized subnet (Subnet) with the Avalanch consensus verification mechanism to encrypt membership verification. Game rules with tokens.
The Resella platform does not charge Gas Fee (network fuel fee). Japanese users can conduct transactions directly in Japanese yen, and users do not even need to create a cryptocurrency wallet. The game can also be promoted to users in other parts of the world through blockchain technology. . Konami’s planned use cases for Resella include using in-game NFTs as event tickets or to unlock exclusive content across different platforms.
Resella will be built on the Avalanche sub-network or create a dedicated network to provide customized functions beyond the main network. Resella is not only used in games, but also serves as a blockchain bridge connecting other platforms to Web3. KONAMI aims to build Resella to develop more commercial application scenarios.
EVM technology drives new business profit models
Chain News reported in February of this year that Citibank was using Avalanche (AVAX)'s Spruce Subnet to test the tokenization of private equity funds, trying to use blockchain technology to open up new business profit models and improve market efficiency.
Konami classic game screen, image source: Google Play
This article Konami, the ancestor of game consoles, launches the Resella platform in the Avalanche ecological chain, but AVAX still loses to the weak market. First appeared on Chain News ABMedia.
