In a groundbreaking announcement, GAIMIN, a prominent provider of Decentralized Physical Infrastructure Networks (DePIN), has revealed the world’s inaugural L2 blockchain dedicated to advancing Web3 technology and services tailored for the gaming industry.
Slow Evolution of Web3 Technologies in Gaming
The gaming sector has witnessed a gradual integration of Web3 technologies, including blockchain, cryptocurrency-based economies, and owner-retained NFTs. However, the progress has been hindered by significant entry barriers, such as slow transaction speeds, high latency, scalability issues, costly transactions (gas fees), and the protracted validation and processing of blockchain transactions through conventional L1 blockchains. Game developers have been reluctant to incorporate Web3 technologies due to the crucial demand for rapid data processing without lag or delays impacting gameplay.
Overcoming Barriers with L2 Blockchain
Today marks a turning point as GAIMIN introduces the concept of L2 blockchain, overcoming traditional obstacles and enabling the integration of Web3 technologies into the gaming realm. L2 blockchain is a network positioned atop the primary L1 blockchain, leveraging technology to enhance transaction processing speed, validation efficiency, and alleviate gas fees. GAIMIN has joined forces with BNB Chain and MOVEMENT Labs to pioneer the world’s premier L2 blockchain specifically designed for gaming.
Strategic Collaborations for L2 Blockchain Development
BNB Chain, a globally acclaimed blockchain, incorporates an L2 solution named opBNB, providing traditional L2 features and functionality to enhance the capabilities of BNB Chain. Concurrently, MOVEMENT Labs contributes to the synergy by elevating L2 architectures, amplifying transaction throughput from approximately 4k TPS to an impressive 150k TPS. Their technology introduces decentralised sequencing, smart contract translation, cross-chain data transposition, and account abstraction features while simultaneously reducing gas fees and operational costs.
Global DePIN Network for Transaction Processing
To facilitate the seamless delivery of L2 blockchain processing services on a global scale, a robust DePIN network is indispensable. GAIMIN addresses this need through gaimin.cloud, a decentralized network of PC-based devices functioning as a global platform for processing blockchain transactions, video rendering, and AI data processing.
GAIMIN’s Vision for Empowering Gamers
Martin Speight, CEO of GAIMIN, expressed the company’s gamer-centric philosophy, stating, “GAIMIN was set up by gamers, for gamers with a philosophy of No Gamer Left Behind.” Leveraging the established and operational DePIN, which relies on gamers allowing their PCs to participate in gaimin.cloud, the gaming community becomes a pivotal force in transforming the industry. Gamers will play an instrumental role in powering their games and, in return, receive rewards for their active participation.
Envisioning a Paradigm Shift for the Gaming Industry
In conclusion, Martin Speight highlighted the significance of building the gaming L2 blockchain on BNB Chain, with opBNB, MOVEMENT Labs technology, and GAIMIN’s DePIN. This strategic alliance is poised to deliver a paradigm shift for the gaming industry, propelling it into the Web3 era and ushering in a new era of innovation and collaboration.