A naukri.com initiative
TheNewsCrypto
3w
87
Blockchain P2P Game Asset ‘Overtake Marketplace’ Open-Beta Service Launch
- Overtake Marketplace, a blockchain game-asset trading platform on the Sui Layer-1 blockchain, has launched its open beta test.
- During the closed beta test (CBT), Overtake processed 195 trades worth US $63,200, showcasing speed and stability.
- The platform aims to transition the estimated US $55 billion underground market onto the blockchain, offering multi-sig escrow and a fixed 5% fee.
- Overtake is developed by former Meta core developers and leverages expertise from leading item-trading platforms to create a secure P2P game-item trading environment.
- The platform addresses transparency and fraud risks in the unofficial game-item market by utilizing smart contracts and a 2-of-3 multi-sig escrow agreement.
- Users can receive USDC payouts immediately after completing transactions, with platform fees below existing centralized marketplaces.
- A token reward system is planned for sellers, buyers, game studios, and the platform based on their contribution to deals.
- During CBT, 30 sellers participated in 195 trades, with positive feedback on transaction speed, immediate USDC receipt, and low fees.
- Updates in the official version include bulk CSV uploads and real-time exchange-rate conversion, with plans for mobile apps and multi-chain support.
- Overtake aims to convert the underground market into a secure on-chain market, focusing on speed, safety, and low fees for blockchain game economies.
- A campaign with 'Kaito Earn' will distribute 0.5% of the total supply of the $TAKE token to community builders for completing missions.
- Detailed participation methods for the token reward campaign will be announced through official channels of Overtake and Kaito Earn.
- Overtake homepage: https://overtake.world
- Kaito Earn: https://yaps.kaito.ai/reward-station
Read Full Article
5 Likes
For uninterrupted reading, download the app