Web3 gaming studio, Playnance, has made significant advancements in 2024. Recently, the studio expanded its ecosystem by introducing a Layer-3 network called PlayBlock and its dedicated wallet, PlayWall. With headquarters in Dubai and Tel Aviv, Playnance has a strong global presence in the MENA region.
Layer-3 blockchain networks have gained rapid popularity in 2024. These networks are designed to improve scalability, flexibility, and functionality beyond what Layer-2 scaling solutions offer. By enhancing transaction efficiency without overwhelming the main blockchain network, Layer-3 networks provide a seamless gaming experience in Web3.
Playnance has taken advantage of this innovative infrastructure by introducing PlayBlock, a Layer-3 gaming blockchain built on the Arbitrum Orbit and powered by Gelato’s Rollup-as-a-Service (RaaS). This platform enhances the Web3 gaming user experience by eliminating gas fees, simplifying gameplay, and reducing transaction-related interruptions.
PlayBlock allows integration across different games, enabling players to maintain a single profile with shared achievements and assets throughout the ecosystem. The platform aims to onboard over 10,000 daily active users and features a native wallet called PlayWall, which offers easy social logins through Account Abstraction technology.
With advanced technology, PlayBlock achieves a 250ms block time and can process up to 40,000 transactions per second. It supports high transaction throughput and offers a gas-free gaming experience through Arbitrum’s Anytrust technology and a native gas token. The introduction of PlayBlock is a step towards a multi-chain vision, aiming for unlimited scalability and support for a vast gaming economy.
PlayBlock’s unique appeal was immediately evident after its launch, as the network achieved a record daily transaction number on the Arbitrum Orbit. In just one month, PlayBlock processed 11.5 million transactions, averaging 500,000 to 600,000 daily executions, making it the top network among all Arbitrum Orbit gaming chains.
So, how does PlayBlock benefit gamers and developers? For gamers, PlayBlock provides zero gas expenses for transactions, allowing uninterrupted, session-based gameplay. Gamers also enjoy easy social logins and one-click top-ups for a quality user experience.
Developers, on the other hand, benefit from the ease of integration with PlayBlock’s plug-and-play solutions, lightning-fast transaction speeds due to Arbitrum Anytrust technology, and the ability to efficiently scale their games with the platform’s auto-scalable infrastructure. This makes it easier to launch and grow Web3 games.
However, the most unique feature of PlayBlock is its dual tokenomics. The network operates through two distinct tokens, the USDP and PBG tokens, each designed to enhance the gaming ecosystem sustainably and securely.
USDP is a stablecoin pegged to the US Dollar, providing transaction stability and predictability to anchor the network’s economy. It supports a unique taxation mechanism capped at 1%, designed to redistribute resources within the ecosystem for growth and development. This stable, non-speculative token is critical for transactions and serves as a foundational economic tool within PlayBlock.
Addressing common barriers in blockchain gaming, PBG eliminates the need for gas fees, which often hinder user experience due to complexity and cost. PBG enables a gasless transaction model, simplifying interactions for users and developers without the typical costs associated with blockchain operations. This achievement was made possible by combining Account Abstraction and Layer-3 technologies.
This dual token approach is a pioneering model in the blockchain gaming space, providing a combination of economic stability and operational efficiency that sets PlayBlock apart from traditional gaming ecosystems and other blockchain networks.
Another unique aspect of Playnance’s expanded ecosystem is its Web3 wallet, PlayWall, which aims to be the best wallet for Web3 iGaming. PlayWall supports fair and transparent gaming without house advantages, utilizing smart contracts for secure and tamper-proof rules and payouts. With easy login options through common credentials using Account Abstraction and instant funding options, PlayWall offers a blend of fun and robust functionality in one platform. PlayWall is already integrated with leading games on PlayBlock, including UPvsDOWN, MoonXP, CALLvsPUT, and Turbobit.
Overall, Playnance’s ecosystem provides a robust and scalable platform tailored for developers and investors alike. Developers benefit from an easy-to-use, gasless network that facilitates the quick launch and management of decentralized games, reducing barriers to entry and operational costs.
For potential partners, Playnance represents a forward-thinking blend of new blockchain technologies that have already gained significant market traction. It offers a promising opportunity for engagement and investment in the expanding field of blockchain-based gaming. This ecosystem supports a dynamic and growing community, ensuring ongoing innovation and accessibility.
