Addressing Entry Barriers in Web3 Gaming
In the realm of Web3 gaming, entry hurdles are notably higher compared to traditional gaming experiences, demanding users to grapple with complexities such as smart contracts and public key cryptography. Recognizing this impediment, Transak endeavors to simplify the onboarding process through its user-friendly platform.
Sami Start, CEO of Transak, emphasized the significance of this initiative, stating, “Combining Transak’s comprehensive international crypto licenses and our straightforward, intuitive approach to Web3 onboarding with the Blockchain Game Alliance’s dedicated work in pushing blockchain gaming into the mainstream, we’re poised to make a significant impact in the gaming sector.”
Global Accessibility and Regulatory Compliance
Transak, boasting services available in over 190 countries, operates in adherence to regulatory frameworks such as the UK’s FCA and the US’s FinCEN. Actively pursuing licenses in key global markets and establishing solid partnerships with entities like Visa Direct, Transak is committed to creating a regulated environment for blockchain-based digital assets.
Strategic Collaboration with Blockchain Game Alliance
The strategic alliance with BGA aligns with Transak’s vision of onboarding billions to Web3 and marks a pivotal step toward BGA’s mission of promoting awareness and accelerating blockchain game adoption. Notable members of BGA include Animoca Brands, Ubisoft, and The Sandbox, positioning it as a key advocate for blockchain technology in gaming.
One of BGA’s primary goals is to establish common standards, akin to the pivotal role played by HTTPS, SSL, and TSL in the early days of the internet. Transak’s collaboration with BGA enables the company to harmonize its product development with emerging industry standards, ensuring compliance and resonance with the gaming community’s expectations in the Web3 space.
Unlocking Career Opportunities in Blockchain Gaming
Beyond being a recreational pursuit, online gaming is rapidly becoming a viable career option for many. While traditional games often lack monetary incentives, Web3 games incorporate economic models, expanding career opportunities beyond tournaments and influencer status.
In line with its commitment to gaming, Transak introduces the NFT Checkout, a self-serve fiat-to-NFT product. Collaborating with BGA, Transak aims to simplify Web3 game onboarding, making it more accessible and fostering broader adoption in the blockchain gaming ecosystem. Flavien Defraire, Director of Global Development for the BGA, welcomed Transak, stating, “Their expertise in simplifying web3 onboarding is a tremendous asset to our mission in transforming the gaming industry.”