- Moxy is partnering with Skale Labs to eliminate gas costs, with the goal of saving $3.5 million annually.
- Moxy’s move to the SKALE protocol promises a gas-free gaming experience for users.
- The Moxy-Skale partnership uses layer 2 technology for cost-effective blockchain gaming.
Moxy, a gaming and eSports platform, has partnered with blockchain company Skale Labs to create a Web3 environment for enhanced gaming experiences. The partnership aims to eliminate gas fees for end users by shifting Ethereum’s native Moxy Token (WMOXY) to the SKALE protocol, transforming the accessibility of blockchain gaming.
Co-founder and CEO of Skale Labs Jack O’Holleran expressed his excitement about the partnership and highlighted the benefits of easy and affordable blockchain transactions. Developers can operate their decentralized applications (dApps) more profitably by collecting subscription fees instead of gas fees per transaction through the SKALE network, which serves as a layer-2 Ethereum blockchain.
Just the founder of @atari (@NolanBushnell) bringing his esports platform, @Moxyio, to SKALE… probably nothing đź‘€
Via @CoinDesk’s Protocol Village: https://t.co/s4fBBJbgZY pic.twitter.com/fVnP3pudF9
— SKALE (@SkaleNetwork) September 6, 2024
Improving user acceptance and experience
The project is led by Nolan Bushnell, co-founder of Moxy and a prominent gaming industry figure who founded Atari. According to Bushnell, the gaming industry will never have to pay gasoline costs again and can benefit from SKALE’s high-speed infrastructure. “This partnership bridges the gap between traditional and blockchain gaming and creates a seamless and rewarding experience for everyone,” said Bushnell.
The abolition of gas fees is expected to attract more people to blockchain gaming and increase adoption rates among those who were previously uninterested due to financial concerns.
Moxy’s move to the SKALE network is estimated to save the company approximately $3.5 million per year in transaction fees, which will be reinvested to improve the gaming ecosystem. This strategic financial change is expected to improve the competitive gaming environment and increase player benefits.
Industry impact and market implications
Moxy and Skale Labs have formed a partnership amid challenges in the Web3 and blockchain gaming sectors, including market volatility and reduced investor interest. However, recent trends indicate a resurgence in investor involvement in innovative gaming solutions.
Highlighting the potential impact of the partnership, SKALE Chief Marketing and Growth Officer Andrew Saunders said: “Nolan’s influence on the gaming world is profound and lasting. By working with Moxy under his leadership, we can demonstrate the true potential of SKALE’s technology.” This partnership is not just a technical upgrade for Moxy, but a strategic move that could impact the broader gaming and blockchain industry.