In a recent announcement, Playbux, a leading Web3 gaming project, revealed its plans to launch an AI-powered L1 zero-fee gaming blockchain. The platform, initially established on the BNB Chain, aims to address the issues of costly transaction fees and lack of product optimization in blockchain gaming. By leveraging its AI engine, Playbux aims to optimize user preferences and experiences, offering users the ability to transact for free and enjoy faster transactions. The AI engine has already shown promising results during trials, with over 70,000 new users onboarded and high retention rates. Playbux is backed by Binance Labs and is dedicated to integrating e-commerce, blockchain technology, and virtual communities into its platform [2099255c].
This announcement comes as the blockchain gaming industry continues to evolve and innovate. Playbux's AI-powered L1 zero-fee gaming blockchain aims to revolutionize the gaming blockchain space and attract mainstream adoption. By making the on-chain gaming experience more cost-efficient and enriching, Playbux hopes to advance the field of blockchain gaming. The CEO of Playbux, Sarun Vichayabhai, expressed excitement about pioneering efforts in revolutionizing the gaming blockchain space with their innovative AI-powered zero-gas L1 solution [2099255c].
Playbux is not the only player in the blockchain gaming industry. PlayDapp, another prominent Web3 gaming project, recently announced its plans to launch its blockchain mainnet powered by Avalanche. PlayDapp aims to foster the development and expansion of its ecosystem by onboarding various Web3 gaming projects. The mainnet will utilize PDA tokens as the native currency, eliminating the need for users to pay gas fees in Ethereum or Polygon. Additionally, the mainnet will feature a Decentralized Autonomous Organization (DAO) voting system, allowing PDA token holders to participate in key decisions. PlayDapp has previously demonstrated NFT interoperability through collaborations with partners like Samsung Electronics and LINE FRIENDS [4c45ecca].
While the blockchain gaming industry is seeing significant advancements, South Korea's gaming industry is facing setbacks due to the government's ban on the domestic distribution of blockchain-based play-to-earn games. Wemade, a South Korean gaming company, expects the ban to be lifted in 2024. Despite these challenges, Wemade remains optimistic about the future of blockchain gaming in South Korea [b2c51c05].
Dubai, a global hub for innovation, is also leveraging blockchain to support the growth of its gaming sector. Wemade's collaboration with Dubai Chambers aims to contribute to the Dubai Program for Gaming 2033, which seeks to position Dubai among the top 10 cities in the global gaming industry and generate 30,000 new jobs in the gaming sector. The launch of the Wemade Web3 Fund further strengthens the ties between Wemade and Dubai, as the fund will invest in blockchain projects in the Middle East region [b2c51c05].
The adoption of blockchain technology extends beyond gaming. Oman sees blockchain as a key driver of its digital economy and has partnered with investment fund ITHCA Group and blockchain solutions provider nChain to accelerate blockchain adoption. The Capital Market Authority of Oman is working on a regulatory framework for digital assets and considering the establishment of a state-run digital asset exchange. These initiatives aim to provide alternative financing and investment platforms while mitigating risks [9ffadff0].
The importance of embracing blockchain technology is not limited to specific regions. Cody Carbone, Vice President of Policy at the Chamber of Digital Commerce, emphasizes the need for policymakers in Washington to have a comprehensive understanding of blockchain and digital assets. This understanding and acceptance of blockchain technology will help the United States maintain its competitive edge [9ffadff0].
The intersection of blockchain and gaming continues to shape the future of the gaming industry. With the launch of Playbux's AI-powered L1 zero-fee gaming blockchain and PlayDapp's upcoming blockchain mainnet, the industry is poised for further growth and innovation. As governments and organizations around the world recognize the potential of blockchain technology, its adoption is expanding beyond gaming into various sectors, including finance and digital economies [2099255c] [4c45ecca] [b2c51c05] [9ffadff0].