- Avalanche (AVAX) may be nearing a breakout after a price drop, with analysts predicting a potential rise to new highs.
In a recent development, Gamestarter and Ava Labs have joined forces to create a groundbreaking product on the Avalanche blockchain: Gamechain. Gamechain is a layer one solution designed explicitly for Web 3 games.
Plus, the fact that it’s powered by Avalanche, a renowned gaming blockchain, means developers have nothing to worry about while creating incredible gaming experiences. By using Avalanche’s robust blockchain, Gamechain promises a secure, transparent and efficient environment for all parties involved.
This partnership marks a pivotal moment for Gamechain’s vision of a thriving Web3 gaming ecosystem where developers, players and investors thrive. Furthermore, Gamestarter has a strong track record, having successfully funded over 50 projects through their launch pad, cementing their position as a major player in the industry.
GameChain for Web3 games
GameChain, powered by @avax, is built to make blockchain gaming seamlessly easier for you. As we say: gameplay first, blockchain second 🎮
This is why GameChain is great:
● Power Gamestarter™
GameChain powers epic games like OverTrip,… pic.twitter.com/9p2K9fTKyf
— Gamestarter™ (@gamestarter) July 3, 2024
One of the benefits that Gamechain offers is its inherent Software Development Kit (SDK). This easy-to-use toolkit removes all barriers associated with blockchain integration, allowing developers to seamlessly integrate blockchain features into their games. Additionally, GameChain features built-in cross-bridge functionality, allowing players to effortlessly transfer their in-game assets across different blockchains.
Worth noting is Gamestarter’s extreme value to its community; Gamechain node holders will enjoy a split of 25% of the total $GAME supply and up to 10% of the tokens from upcoming Initial DEX offerings (IDOs) on GamePad. Additionally, they benefit from receiving 35% of all transaction fees generated on the chain, increasing the value of node retention.
With the sole purpose of providing gamers with high-quality gaming experiences, Gamestarter has over 50 games awaiting launch. Additionally, their in-house studio, GGXYZ, creates three unique titles: the battle royale OverTrip, the MMORPG Dark Frontiers, and the casual mobile game Pixel Pix. This commitment to a constant stream of games ensures that the platform remains attractive to gamers and developers.
Gamestarter wants to make it dead easy for games like @PlayOverTrip, @DarkFrontiersGS and @PlayPixelPix to integrate blockchain.
So they built GameChain as an L1 on the Avalanche network. It provides the tools and block space for builders, while keeping them connected to the other… https://t.co/1CfvRFSAzh
— Avalanche 🔺 (@avax) July 3, 2024
Gamestarter goes further than GameChain. It is about to create new products designed to improve the experience of players and developers. These products include GameHub, GameID, GameSocial and GameScan. GameHub will play as a centralized game launcher, GameID will enable seamless logins, GameSocial will promote community engagement, and GameID will provide an AI-powered anti-cheat solution.
Adding to the excitement for Avalanche enthusiasts, analysts believe the recent price decline could come to a halt with a potential breakout on the horizon that could send AVAX to new highs. Analysts focus on AVAX’s technical stance, stating that all indicators point to a bullish trend.
$Avax
Consolidation in the falling wedge chart pattern looks like the healthy correction is now almost complete. We are preparing for a breakout and preparing for a bullish continuation. Expect a move towards $60-65 in case of a successful breakout #Crypto #Avax pic.twitter.com/XafWguyk8w
— World Of Charts (@WorldOfCharts1) July 1, 2024
AVAX, currently trading on $25.74marks one 6.99% price drop in the last 24 hours. Analysts are closely watching AVAX’s price movement as it floats within a narrowing downtrend pattern. This pattern, known as a falling wedge, is often seen as a signal of a possible short-term price increase.