The post Aavegotchi Studio Reveals ‘Members Only’ Ethereum Layer-3 Gaming Chain appeared on BitcoinEthereumNews.com.

Pixelcraft Studios, the company behind the crypto game Aavegotchi, announced Thursday that it plans to launch a “members only” Ethereum layer-3 gaming blockchain called Geist. Powered by multiple Ethereum scaling technologies, Geist is designed to overcome various hurdles facing the current crypto gaming environment, including high player turnover and a prevalence of “botting” used to manipulate rewards initiatives. “Geist is our response to the call for a more trustworthy and innovative gaming blockchain,” said pseudonymous Pixelcraft CEO Coderdan, in a statement. “Geist’s exclusive and rewarding ecosystem sets a new benchmark for crypto gaming, ensuring a secure and engaging experience for all members.” Interestingly, Geist will be built across multiple Ethereum scaling technologies, using Arbitrum’s Orbit tech while also relying on Coinbase’s Base network for settlement. Blockchain development platform Alchemy is also contributing to the network. Gaming has huge potential to bring more people into crypto. However, three major problems threaten to curb adoption:• Rampant multi-accounting / botting• Inefficient reward campaigns• High player churn At the heart of the problem is how we define a “user” in blockchain. — Aavegotchi 👻 (@aavegotchi) August 15, 2024 According to a tweet thread, players will be able to gain access to the network through certain criteria, such as owning an Aavegotchi NFT—and then they can “pay the dues” to become a member. An FAQ shared with Decrypt’s GG notes that membership requires ongoing payments when each cycle ends, but that invites come with a seven-day free trial. However, users who owned Aavegotchi NFTs ahead of the announcement will be “eligible for a free membership,” with more details to be announced ahead. Decrypt’s GG reached out for more details regarding the membership fees, but did not immediately receive a response. Like Ronin and Xai, rival Ethereum gaming networks, Geist will be permissioned—which means the developers…

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Filed under: News - @ August 15, 2024 9:24 pm