Merit Circle DAO will launch Beam, an Avalanche Subnet tailored to Web3 gaming development and gameplay. Beam will offer existing Merit Circle products, new gaming-focused tooling, an NFT marketplace, and three new games to support dozens of Avalanche games.

Beam will be an independent, sovereign network catering to the range of gamers and game developers. Three of the first games slated for release on Beam are Trial Xtreme, Walker World, and Hash Rush.

Trial Xtreme is a thrilling racing game with 250M+ worldwide downloads. The flagship offering from the acclaimed Gameplay Galaxy, a studio aiming to develop a decentralized competitive gaming ecosystem, will launch down the road on Beam.

Powered by Unreal Engine 5, Walker World is a massive interoperable open-world experience where players and creators come together to own and build on their land, cooperate in heated game modes, and explore a vast universe filled with shared rewards.

Hash Rush, a pioneering Web3 MMORTS game, where players can explore the vastness of the Hermeian Galaxy. Gamers can build a base, marshall resources, enhance their strategies by recruiting heroes, and attempt to defeat enemies in epic battles.

Beam is a platform that will enable players to do more with their gaming assets and developers to launch games more smoothly. It will have offerings such as an AMM and Sphere, an NFT marketplace, native Avalanche SDKs, APIs, wallets, bridges, and analytics tools.

About Merit Circle

The Merit Circle DAO is an ever-evolving digital ecosystem built by a global community to build the future of gaming. It is committed to integrating blockchain technology with the latest in gaming to create immersive gaming experiences.

Website | Twitter

About Avalanche

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What Is Fyde Treasury?

The Fyde Treasury Protocol aims to address the rising need for effective treasury management through their comprehensive DeFi platform. On there one can find an on-chain, autonomous and transparent solution for crypto treasuries to diversify assets, unlock liquidity, generate yield and retain control of governance.

Merit Circle x Fyde

Merit Circle is functioning not only as an investor, but also taking an advisory position, they’re keen to keep their communication short and provide Fyde with knowledge from their side. The conversation whether the DAO should become a user of Fyde has been initiated, and will be communicated in due course.

About Fyde

Fyde aims to give depositors a stronger performance experience with less volatility. The portfolio management goal for this initial strategy is to reduce downside portfolio risk while maintaining risk adjusted upside. This strategy can be seen as the optimal asset allocation schema for treasuries to employ, providing stability during bear markets while keeping upside potential to enable scaling during growth periods.

SOURCE:

https://medium.com/@meritcircle/merit-circle-partners-with-fyde-to-push-the-frontier-of-defi-and-treasury-management-206dc1deea28

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As part of their partnership, Merit Circle has invested $500,000 in the seed round.

What is Saga Protocol?

BUILD BLOCKCHAINS, WITH A SINGLE CLICK.

With the right tools, everything is possible.

Saga gives visionaries the high-end tools and support they need to turn their blockchain dreams into reality.

Saga is a protocol that allows developers to take a single tenant VM and automatically launch it on a dedicated blockchain, complete with fully provisioned validators and an optimally incentivized security structure.

LOW AND PREDICTABLE GAS FEES

On your own dedicated chain, you don’t have to worry about other applications affecting your gas fees

PERFORMANCE

With dedicated runtime environments guaranteeing close to 100% SLA, their dedicated chains offer higher throughput and performance

YOUR OWN SPACE

Developers deploy only their own apps onto a dedicated chain, allowing for optimal flexibility and upgradability throughout the development cycle.

With the latest developments in blockchain technology, the team behind Saga has set out to redefine the Web3 developer’s toolkit. While many in the crypto community believe that the future of infrastructure is multichain, with sovereign chains freely interacting with one another,developers have found it too hard to establish their own chains. The team at Saga has seen that the constraints of a monolithic ecosystem or blockchain will always eventually restrict a developer and hamper their vision.

Enter the Saga Protocol, which acts as a scalable layer for Web3 infrastructure, allowing not only native Web3 developers but transitioning Web2 developers to seamlessly launch dedicated blockchains. Because developers receive their own blockspace, they can entirely control and predict gas fees. Further, Saga does not require fees to be denominated in the Saga token, allowing for other tokens to accrue value on the application level. In fact, by default no transaction fees are directly charged to the end user, putting monetization firmly in the hands of developers.

An adaptable approach

For GameFi developers, Saga offers access to Web3 infrastructure that best suits their needs. By building on a dedicated chain, games can perform at a much higher level and often at lower costs to the gamer. Some may see these as add-ons, but lack of control over such issues has hindered the success of previous games in the Play-to-Earn space.

In addition, Saga enables interoperability of gaming assets across different chains. When games consider building on their own chain, they often have to think about whether they are excluding themselves from a bigger ecosystem or walling off their game assets and users from larger communities, which can be critical for quality of gameplay and liquidity. Because Saga was built using the Cosmos SDK, it comes equipped with Inter Blockchain Communication (IBC), Cosmos’ interoperability protocol. Saga will also work on integrating bridges for transfer of assets outside of Cosmos.

Eager readers can prepare for the AlphaNet to be launched in the next two months, with the first 50 projects and developers being onboarded through the Saga Innovator Program. Program members will also receive co-marketing with Saga and early access to tools and documentation. Developers that are interested in building on the AlphaNet can sign up by clicking here.

Merit Circle x Saga

They love everything about gaming and taking games to the next level, and they are glad to see this reflected in their partnership with Saga Protocol. Slow throughput, high transaction fees and using multiple tokens can make it less enjoyable for both the player, and the developer. The Saga Protocol focuses on empowering developers with the tools and freedom they need to execute their vision.

“Merit Circle pioneered one of the few truly Web3-native models for gaming and game developers, and they have continued to innovate rapidly on their offerings to the community. We are incredibly honored and excited to partner with them to bring the most fit-for-purpose Web3 infrastructure to their game developers and ultimately welcome the wider gaming community into Web3.” Rebecca Liao — Co-Founder & CEO

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The team behind Undra, Studio Decent aims to take advantage of a new environment in which they can experiment with web3 principles in the context of gaming. These include player ownership of assets, the mechanics of community governance and trustless collaboration to name a few. Undra serves as the perfect breeding ground for fresh perspectives of GameFi, which will propel games to a level that Studio Decent coins as ‘Game3’. Play-to-earn games in this space go beyond the simple gamification of DeFi activities, such as speculation and yield farming, and take on a more game-driven approach.

Merit Circle x Undra

They love everything about gaming at Merit Circle and are committed to the idea that the fun comes first. They are happy to see this idea being well represented by the team behind Undra, and being made the focus of their development. As early backers, they are intrigued to see how the political and financial systems will develop as more episodes are released and the community base expands.

Be sure to keep an eye out for the upcoming governance release in May 2022, which will introduce a weekly story update. Early supporters will also be able to vote on the future of Undra with the associated player votes.

“Merit Circle is one of the very few groups who truly “get” this space. As operators themselves, this isn’t just funding, this is a partnership to build something truly exciting together.” ~Sazerac

About Undra

Undra is an MMO based on strategy and collaboration, where the actions and choices of the community shape the world in profound and permanent ways. The phased release of Undra means that new layers of gameplay will be added regularly, dramatically increasing the options available to players with each instalment. The next release focuses on governance.

Website | Twitter

About Merit Circle

Merit Circle is creating a decentralized autonomous organization (DAO) that develops opportunities to earn through play for people who want to help build the metaverse. They do this using its platform, which hosts scholarship opportunities, educational opportunities and everything a person could need on their journey towards being an earning gamer in the metaverse.

Website | Twitter

SOURCE:

MEDIUM

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