Genesis Shards Partners with ArcadeNetwork
Genesis Shards has partnered with ArcadeNetwork, the world’s first Metaverse Interoperability decentralised platform.
INTRODUCTION
ArcadeNetwork is a unique platform that offers gamers and developers a whole new experience of gaming metaverses.
They provide interoperability in the gaming industry, which allows the gamers to purchase any asset from one game or metaverse and use it in whichever games or metaverses they wish to.
ArcadeNetwork aim to standardise the gaming industry with their $ARC tokens, providing easy transactions at any point in time.
Features of ArcadeNetwork
1. INTEROPERABILITY
As a gamer, it is very inconvenient to purchase assets in every game. ArcadeNetwork has brought you the solution to this, it offers interoperability Now, gamers can choose from a list of assets and purchase an asset of games from one Game and use it in which ever games they wish to. Till date, There is no direct provision of buying an asset from a game, taking it out and using it in other games by Gamers as of today but games making use of AracdeNetwork bridge achieves it. For purchase of these assets, $ARC tokens can be used other than using other major cryptos and fiat. When a user makes use of $ARC tokens, he gets a flat discount of 10% on in-game purchases.
2. TRUE OWNERSHIP
When gamers purchase an asset from any of the games out there, they don’t really become the true owner.
Unfortunately, this is the current situation of the gaming industry. Further more, publishers impose strict qualifications on what users can do with these items with EULAS (End User License Agreements) that prohibit the exchange or transfer ownership of items or their use outside certain games or platforms. But, ArcadeNetwork has a solution for this too! When gamers now purchase an asset from a game making use of ArcadeNetwork Bridge, or in other words, if they make a purchase from a game listed on ArcadeNetwork, they recieve the asset in the form of NFT in their NFT wallets and hence they become the true owner.
It does not matter if the game still exists or shuts down as the asset does not lose its value with the game as it now exists in the form of NFT with the gamer in his wallet. Arcade Network provides the mechanism of completely decoupling the asset from the game.
3. METAVERSE MONEY MARKET
Metaverse is a public decentralized open platform based on public blockchain technology that encompasses digital assets and identities. With the help of smart agreements and digital identities, Metaverse connects separate stores of value to form aninternet of value. The purchased assets exist outside the game world in the owner’s ArcadeNetwork wallet or simply any other wallet. Additionally, since the assets are nothing but NFTS, this feature allows the owners to sell their assets if they wish to on an NFT marketplace like openSea, Rarible, etc. The owners can also lend it and trade it on ArcadeNetwork’s marketplace or any other NFTmarketplace if they wish.
4. SMALL DEVELOPER FRIENDLY
Game devs can simply make use of different assets from the pool of assets on ArcadeNetwork a part from the common lands they can purchase from ArcadeNetwork Platform. This pool of assets is basically a collection of all the game assets by various Games listed on ArcadeNetwork.
These assets can be loaned/leased or purchased by these individual game devs. Using
the land and the assets, the dev scan create and launch their own metaverses on the fly in no time. This slashes the cost, time and efforts of creating and launching a whole new metaverse by the developers.
5. STANDARDISATION OF GAMING WORLD
ArcadeNetwork makes use of its “Arc Wrapper” for achieving this standardisation and hence compatibility across all metaverses.
Through this partnership, ArcadeNetwork will join the GS ecosystem. GenShards ecosystem partners will be able to collaborate with ArcadeNetwork and gain access to ArcadeNetworks infrastructure. GS ecosystem partners will get entry to exclusive Partner NFT Sale on ArcMarketplace. ArcadeNetwork provides an exclusive opportunity to mint free NFTs using ArcMinter and sell them on ArcMarketplace.
More than 60 high-quality access, ecosystem & network partners have already placed their trust in GS and the network continues to grow ! Keep an eye out for this space for many more preIDO launches, partnerships and feature updates in the pipeline.
“ We are glad to announce our partnership with ArcadeNetwork .ArcadeNetwork is a well-defined, intuitive, and resourceful decentralizing platform that provides an advanced experience in gaming metaverses that our community & partners will find relevant.We are happy to induct Arcade as our ecosystem partner” – Nilotpal Mukherjee, Genesis Shards Co-founder
“ ArcadeNetwork is excited to join Genesis Shards in their journey .ArcadeNetwork will get a chance to interact with the huge Genesis Shards community. Genesis Shards ecosystem will get interoperability in the gaming ecosystem.We are confident that this partnership will go a long way .” — Chinka G., ArcadeNetwork CEO and Founder
About ArcadeNetwork
ArcadeNetwork is the world’s first decentralized platform that provides cross metaverse asset interoperability. It makes use of blockchain technology & NFTs, creating a unified relayer bridge, which enables seamless movement of in-game assets between different games.
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens.
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