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Anvi Saini
Anvi Saini
Jun 12, 2023
News

Ava Labs Catalyzes Web3 Gaming with the Introduction of Avalanche Arcad3

Ava Labs' launch of Avalanche Arcad3 marks a significant milestone in the evolution of the gaming industry.
Ava Labs Catalyzes Web3 Gaming with the Introduction of Avalanche Arcad3

Ava Labs, a key player in the cryptocurrency landscape and supporter of the Avalanche blockchain, recently revealed its latest endeavor: Avalanche Arcad3. Designed as a bridge to link conventional game publishers with cryptocurrency entities, this project signifies a significant leap towards the integration of legacy intellectual property into the burgeoning Web3 gaming sphere.

Avalanche Arcad3

Avalanche Arcad3 distinguishes itself by fostering a collaborative environment for "Web2" game developers, established eSports organizations, and Web3 game studios active on Avalanche. This strategic alliance aims to accelerate the cross-pollination of ideas and expertise, bringing new opportunities to the world of gaming.

The initiative acts as a guide to the uncharted terrain of the Web3 gaming world. It offers comprehensive insights on critical aspects such as regulatory compliance, the integration of Non-Fungible Tokens (NFTs), prize pool management, eSports marketing, and the application of in-game tokens on-chain.

The early adopters of this initiative, Japanese metaverse and entertainment giants Gree and Gumi, express their readiness to explore the blockchain gaming opportunities available on the Ethereum-compatible Avalanche chain. Their involvement signals the project's potential to bring fresh gaming experiences to the table.

Furthermore, Avalanche Arcad3 provides crucial support to Web2 partners venturing into crypto gaming. It helps navigate the intricacies of the new medium and fosters a smoother transition for their audience, who often view Web3 integrations with scepticism.

Mentorship Program Unveiling the Future of Gaming

Ed Chang, Ava Labs' Head of Gaming, described Avalanche Arcad3 as a mentorship program and support network rather than a binding commitment. This vision gives studios and game developers the freedom to explore blockchain gaming's potential under the tutelage of experienced Web3 companies.

The initiative already boasts an impressive roster of Web3 participants, including notable games like Shrapnel, DeFi Kingdoms, and Gunz. In addition, the eSports entity Team SoloMid (TSM) owns one of the participating gaming platforms, Blitz.

A Glimpse into the Future: Gree's "Project Incursion"

One of the exciting prospects stemming from Avalanche Arcad3 is Gree's Web3 game, "Project Incursion". Gree's Board of Directors and SVP, Metaverse, Eiji Araki, highlighted this venture as an innovative blend of nearly two decades of mobile game development expertise with the novel dynamics of Web3. Although the finer details of "Project Incursion" are yet to be revealed, this project symbolizes the forward-thinking approach of Ava Labs' Arcad3 program.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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