Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

ArcadeNetwork: Revolutionizing Gaming With Cross-Game and Cross-Chain Bridges

CryptocurrencyOct 27, 2021 09:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. ArcadeNetwork: Revolutionizing Gaming With Cross-Game and Cross-Chain Bridges

  • ArcadeNetwork introduces the cross-game and cross-chain bridges.
  • Using the blockchain and NFT technology, it is set to remodel the gaming space.
  • ArcadeNetwork’s IDO, platform, NFT minter, and ArcBridge testnet will launch in Q4, 2021.

ArcadeNetwork is pleased to announce the world’s first decentralized cross metaverse bridge. Using the blockchain and NFT technology, ArcadeNetwork and its ‘technovation’ team developed cross-games and cross-chain bridges which will transform the gaming space.

Looking at the traditional games, items purchased in one game cannot be used in other games. Therefore, once a player loses interest in the game, any purchases made in that game become a sunk cost. Thus, discouraging in-app purchases. Hence, ArcadeNetwork’s exciting innovation is poised to overcome this.

On the other hand, if players know that they can continue to use items purchased in another game or sell them on an exchange, it will add utility. Hence, encouraging more purchases.

For this reason, ArcadeNetwork is built to solve the challenges faced by developers in monetizing games. It also seeks to challenge the resistance shown by casual gamers in becoming paying games. Therein, Arcade uses blockchain technology and NFTs for seamless movement of in-game assets from game to game as well as from metaverse to metaverse.

What ArcadeNetwork Seeks To Solve

ArcadeNetwork CEO, Chinka G. says “ArcadeNetwork envisions to open a whole new dimension and create abundant opportunities in the Gaming world.”

The ArcadeNetwork stack is developer-friendly and ensures interoperability of items across and also, between various games. To add on, they enable blockchain-backed ownership and trade of game items in a metaverse money market.

ArcadeNetwork is built to generate a subscription fee, an asset liquidity fee. Alongside, an intermetaverse transfer fee as a revenue source. Moreover, the project tokenomics are designed to raise funds, ensure the ArcadeNetwork token gets across many users, and guarantee vesting.

The network bridges the gap of time spent in designing, coding, or gathering in-game items. Such as: special vehicles, planets, exotic cities, special skins, special abilities, and lots more. Accordingly, with ArcadeNetwork players can own these items, trade them and consequently, help drive traffic and the expansion of a given game or platform to new projects.

Lastly, developers will benefit if players can sell their items to others. This will aid to raise the price of standard-issue items to match prices on secondary markets. Therefore, eliminate price discrimination, and enable gamers and developers to package various items at different price points to different games.

The ArcadeNetwork Roadmap

Furthermore, ArcadeNetwork will launch its IDO, platform, NFT minter, and also, the ArcBridge testnet in Q4 2021. The ArcBridge mainnet is hoped to go live in December 2021. What’s more, the cross-platform support and NER/NLP integrations are scheduled for January and February 2022.

The ArcVerse is likely to be completed in March 2022 along with cross-game, cross-platform, and inter-metaverse trade. Additionally, purchases across all ArcadeNetwork partners, developers, exchanges, gamers, and studios will be set come 2022.

For further information about the project or to connect with the project team, www.arcadenet.io.

Continue reading on CoinQuora

ArcadeNetwork: Revolutionizing Gaming With Cross-Game and Cross-Chain Bridges
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email