(PRESS RELEASE – Miami, Florida, February 29, 2024)
In an ambitious measure to transform the landscape of web3 gamesTransak and SKALE have announced a strategic partnership to address two of the most significant barriers to blockchain adoption: Unpredictable gas rates and the challenges of a seamless entry into digital assets.
Transactiona world-class Web3 payment solution for onboarding infrastructure brings greater potential to SKALE, the leading Appchain scaling network with zero gas rates. This alliance provides a comprehensive solution: while SKALE guarantees affordability and usability with its cutting-edge technology, Transak simplifies the user journey, allowing easy and efficient entry routes.
Together, Transak and THE ROCKS They are removing obstacles that have long hindered the mass adoption of blockchain technology.
Transak + SKALE integration: a global reach
TO Dappradar report highlighted that almost $3 billion was invested in Web3 gaming projects in 2023. However, it was more than 60% less than the previous year. Clearly, There is a lot of interest in blockchain-based games, but easy accessibility for mainstream and casual players is almost non-existent..
The partnership between Transak and SKALE opens the doors of Web3 games to more than 180 countries in a way that is practical and affordable for most.
With the integration of Transak, SKALE launches fiat-to-crypto deposits in over 180 countries, including emerging Asian marketsallowing users to easily purchase blockchain-based assets and use them on 20 SKALE Application chains.
This integration not only simplifies transactions but also enriches user experiences by incorporating Transak services directly into SKALE dApps, offering developers a powerful tool to improve engagement.
“Our partnership with SKALE marks an important advancement in Web3 gaming and blockchain accessibility. By combining SKALE’s zero gas tariff architecture with Transak’s streamlined onboarding infrastructure, we are removing key barriers to blockchain adoption and opening new avenues for players around the world,” he said. Yeshua Agarwal, Chief technology Officer at Transak.
Impact on Web3 games and beyond
SKALE has been a pioneer in the Web3 gaming space, recognized as the most active gaming chain in 2023 by CoinGecko and has the world's fastest blockchain award from Dartmouth.
By eliminating more than $4 billion in gas fees and supporting 20 million unique active wallets (UAW)SKALE has established a solid foundation for growth.
With the Transak integration, both players and developers can look forward to a smoother and more profitable gaming experience, further driving user engagement and platform growth.
To support the Web3 gaming industry and its users, Transak supports nft purchases for as little as $0.01. This opens up the viability of microtransactions, which are essential for fast-paced AAA and MMORPG games to thrive in a decentralized environment.
“SKALE's rapid growth and dominance of the Web3 gaming market is a testament to a superior user experience created by a modular architecture and a zero gas tariff economic model. The partnership with Transak strengthens this advantage by improving access and reducing costs for users and players across the ecosystem. “The addition of Transak’s efficient on- and off-ramp services is a strategic move to drive further growth and empower developers in the SKALE ecosystem.” – Jack O'Holleran, CEO of SKALE Labs
Innovations and success stories
The SKALE ecosystem is brimming with innovation and hosts a variety of projects ranging from AAA quality games to ai integrations. Highlights include:
- StrayShot – Integrates NFTs into the game, allowing players to mint weapons directly into their wallets.
- ReHold – Uses SKALE infrastructure for cost-effective data storage and transparent transaction logging, saving users thousands of dollars in gas fees.
- Exorde – An ai-based dApp that leverages SKALE's zero gas tariff environment for efficient data extraction, saving millions in potential costs.
With the integration of Transak services into SKALE dApps, players can quickly join trending gamesaddressing a major challenge in the Web3 gaming landscape.
This ease of transaction is not just a convenience; is a turning point that allows players to fully participate and benefit from their participation in the SKALE ecosystem.
As SKALE and Transak move forward, their collaboration will unleash a new wave of innovation and accessibility in the blockchain space. By focusing on easy-to-use solutions and technologies, they address the current needs of the blockchain community and shape the future of Web3 gaming and blockchain utilization.
About Transak
Transak is a leading provider of Web3 onboarding infrastructure. Its API-based solutions enable Web3 platforms to onboard users from over 180 countries to cryptocurrencies while abstracting away the complexity of user KYC, risk monitoring and compliance, payment methods, and customer support. The Transak On-Ramp and Off-Ramp widget can be integrated into an application with just a few lines of code. Transak is a product of the Tachyon accelerator program and is backed by leading venture capitalists including Consensys and Animoca Brands.
For more information visit transak.com or continue twitter.com/transak.
About SKALE
SKALE is the world's fastest blockchain, designed for secure ethereum scaling. SKALE Appchains provides ZERO gas fees to end users and has advanced features like ai/ML smart contracts, on-chain file storage, cross-chain messaging, and zero-cost minting. SKALE allows developers to deploy their own configurable EVM blockchain in minutes without sacrificing speed, security, or decentralization.
For more information visit SKALE.space or continue Twitter.com/SKALENetwork.
Contact
Daniel Edelstein
[email protected]
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