Transak and SKALE Join Forces to Tackle High Gas Fees and Simplify Web3 Gaming Onboarding

Miami, Florida, February 29, 2024 - Chainwire

In a bold move aimed at reshaping the landscape of Web3 gaming, Transak and SKALE have unveiled a strategic partnership designed to tackle two of the most pressing challenges in blockchain adoption: volatile gas fees and the hurdles of easy access to digital assets. Web3 gaming A pioneering Web3 payment gateway enhancing onboarding solutions now collaborates with SKALE, a top-tier Appchain scaling network,

Transak . This collaboration presents an all-encompassing solution: SKALE guarantees affordability and usability through its innovative technology, while Transak streamlines the user journey to create straightforward and efficient pathways for entry. zero gas fees By breaking down barriers that have long obstructed broad blockchain adoption.

Together, Transak and SKALE Transak + SKALE Integration: A Worldwide Impact

Highlighted was the fact that in 2023, nearly $3 billion flowed into Web3 gaming ventures, a figure that was clearly over 60% less than the previous year. This indicates that there's a palpable interest in blockchain-enabled games, however, accessibility remains a daunting challenge for both mainstream and casual gamers.

A report by Dappradar The alliance between Transak and SKALE effectively opens up the world of Web3 gaming to over 180 nations in a way that is both practical and affordable for most users.

With this integration, SKALE is set to introduce fiat-to-crypto deposits across more than 180 countries, including key emerging Asian markets , allowing users to purchase blockchain assets easily and utilize them across 20 SKALE

This integration not only enhances transaction processes but also enriches user experiences by seamlessly incorporating Transak’s services within SKALE dApps, providing developers with a robust tool to boost user engagement. Appchains .

According to Yeshu Agarwal, CTO of Transak , \"Our collaboration with SKALE represents a monumental advance in terms of accessibility to Web3 gaming and blockchain technology. Merging SKALE's zero gas fee structure with Transak’s user-friendly onboarding system allows us to dismantle major obstacles in blockchain adoption and creates new opportunities for gamers globally.\"

SKALE has distinguished itself in the Web3 gaming sector, recognized as the most dynamic gaming chain in 2023 by

Impact on Web3 Gaming and Beyond

and earning the title of the fastest blockchain in the world from Dartmouth. CoinGecko By alleviating over $4 billion in gas fees and supporting

(UAWs) , SKALE has laid a solid groundwork for future expansion. 20 million Unique Active Wallets With Transak’s integration, both gamers and developers can expect a more seamless and cost-effective gaming experience, significantly enhancing user engagement and driving growth on the platform.

To bolster the Web3 gaming sector and its users, Transak facilitates NFT purchases for as low as $0.01 , paving the way for micro-transactions that are crucial for the success of high-paced AAA and MMORPG titles in a decentralized ecosystem.

"The swift expansion and leading position of SKALE in the Web3 gaming world highlight the exceptional user experience derived from its modular architecture and zero gas fee model. Collaborating with Transak amplifies this competitive edge, improving access and reducing expenses for users and gamers throughout the ecosystem. Adding Transak’s effective on-and-off-ramp services is a strategic decision that propels further growth and empowers developers in the SKALE ecosystem,\" commented Jack O’Holleran, CEO of SKALE Labs

SKALE’s ecosystem is brimming with creativity and innovation, showcasing a range of projects from AAA titles to AI applications. Noteworthy mentions include:

Innovations and Success Stories

StrayShot – This project integrates NFTs directly into gameplay, allowing players to mint weapons right into their wallets.

• ReHold – Utilizes SKALE’s framework for economical data storage and transparent transaction documentation, helping users save significantly on gas fees.
• Exorde – An AI-driven dApp that takes advantage of SKALE’s zero gas fees for effective data scraping, potentially saving millions in costs.
• The incorporation of Transak’s services within SKALE dApps enables gamers to swiftly join popular games , addressing a critical issue in the Web3 gaming landscape.

This simplicity in transactions is not merely a convenience; it revolutionizes the way gamers can fully engage and reap rewards from their involvement in the SKALE ecosystem.

As SKALE and Transak advance together, their partnership is poised to unleash a wave of new innovations and accessibility in the blockchain sector. By concentrating on user-centric solutions and technologies, they are responding to the current demands of the blockchain community and shaping the future of Web3 gaming and blockchain usage.

Transak stands at the forefront of providing onboarding infrastructure for Web3. Their API-driven solutions facilitate the onboarding of users from over 180 nations into the crypto world while simplifying complexities around user KYC, risk evaluation & compliance, payment options, and customer service. Incorporating Transak’s on/off-ramp widget can be achieved with just a few lines of code. Transak originates from the Tachyon accelerator program and has garnered support from leading venture capital firms, including Consensys and Animoca Brands.

About Transak

SKALE is recognized as the fastest blockchain worldwide, crafted specifically for secure Ethereum scaling. SKALE Appchains offer ZERO gas fees for users and include enhanced features such as AI/ML smart contracts, on-chain file storage, messaging across chains, and no-cost minting. SKALE empowers developers to set up their own customizable EVM blockchain in mere minutes, without compromising on speed, security, or decentralization.

For more information, visit transak.com or follow on twitter.com/transak .

About SKALE

, please be aware that the information contained on this page is not intended to serve as legal, tax, investment, financial, or any other type of advice. It's essential only to invest what you can afford to lose and consult independent financial experts if you have any uncertainties. For more details, we recommend reviewing the terms and conditions along with the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to ensuring accurate and unbiased reporting, but market conditions can change without prior notice.

For more information, visit SKALE.space or follow on Twitter.com/SKALENetwork .

Contact

Dan Edelstein