Sui Launches Mainnet
Manuel Olumorin
May 03, 2023
GM GM. It’s Lootbox, streaming concise web3 gaming news to your consciousness with no side effects.
The gems we found for today
Sui launches mainnet
EA cofounder joins P2Earn
The Sneakies
Sui Mainnet Goes Live
The blockchain by Mysten Labs (the phoenix that rose out of Meta’s Diem ashes), Sui, has launched its mainnet.
What is Sui? It’s a Layer-1 protocol that stores data as customizable objects instead of accounts, making it easier to manage things like digital assets. Smart contracts create the objects, while the attributes and objects are saved directly onto the blockchain itself.
Sui touts itself as a low-fee even when demand spikes, developer and user-friendly chain, and they seem to be pushing hard on gaming with several partnerships.
Check out this tweet of Mysten Labs shilling games on Sui.
💥Get ready to play on @SuiNetwork!
📺Watch real gameplay footage of these incredible Mysten Labs' partners: https://t.co/66qlt5n68Y
— Mysten Labs (@Mysten_Labs)
May 1, 2023
Some games working with Sui
Abyss World, an open-world dark fantasy action RPG built by MetagameHQ.
Overworld, a cross-platform multiplayer RPG with just beautiful art.
Forge your Destiny. https://t.co/DKRCyTAzvI
— OVERWORLD (@OverworldPlay)
Apr 11, 2023
Stella Fantasy, another action RPG where you can gather, craft and fight in an anime-inspired world.
Lootbringer’s take
If all the promises stick and the games play as good as they look, things could get really interesting on the network. On a side note, they have a developer grant ranging from $10k - $100k.
Web2 Exec Joins Web3 Company As Chairman
At this point, it feels like beating a dead horse, but it’s still exciting to see web2 execs migrate to web3 despite the “bear” market.
So who’s joining this time?
Electronic Arts (EA) cofounder Jeff Burton.
What’s interesting is the company he’s joining, considering many think P2E is dead. And that company is P2Earn. Yeah, literally.
Jeff is joining as P2Earn’s Chairman of its board of advisors.
Electronic Arts (EA Games) Co-Founder, Jeff Burton, Joins P2Earn Inc (CNSX: PXE) As Advisory Board Chairman.
https://t.co/SHn7mibMew
#BlockchainGaming #PlayToEarn #EAGames #Blockchain #P2E #P2earn #gaming #NFT https://t.co/C7z9hZaUH3
— P2Earn.io (@P2earn_io)
May 2, 2023
Why did Jeff join?
Jeff believes that players sharing a portion of the profits through gameplay is the future of gaming and the potential of the guild model, which is similar to esports organizations.
P2Earn aren’t stopping here as they look to add more gaming industry vets to their board.
The Sneakies
Neowiz launches a $10 million grant program with Polygon Labs through its Intella X accelerator.
Fineqia announces a new crypto VC fund called Fineqia Glass Slipper Ventures (FGSV) - wonder if there’s some Cinderella inspiration in the name.The fund will be investing in blockchain infrastructure, DeFi and metaverse, which includes gaming, media and entertainment. The fund size is yet to be released.
PipeFlare, a platform for casual games, partners with NEAR protocol to enhance the onboarding experience of users in gaming. So far, PipeFlare has 17 games on its platform and is looking to bring more in.
Tweet of the Day
"I think web3 will be the death of micro transactions"
@BolonSoron_DFK predicts the built-in monetization aspects of web3 will allow developers to let go of old, disliked revenue streams. https://t.co/sGIkqlfCxp
— Avalanche Gaming 🔺 (@GamingOnAvax)
May 3, 2023
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