Introducing PlayBlock Layer-3 on Arbitrum: Unlocking 🎮 the Future of Gaming!

Playnance Launches PlayBlock, a Gaming Layer-3 Ecosystem Powered by Arbitrum Orbit on Gelato’s RaaS Platform

Zug, Switzerland, March 20th, 2024, GamingWire—Playnance, a web3 leader in the peer-to-peer play-to-earn gaming category accounting for up to 10% of total Polygon POS transactions, today announced the launch of PlayBlock. PlayBlock is a gaming Layer-3 ecosystem powered by Arbitrum Orbit on Gelato’s Rollup-as-a-Service (RaaS) Platform. This new Orbit Layer-3 is expected to attract over ten thousand daily active users to its growing ecosystem of web3 games ranging from decentralized trading to sports and arcade. The mainnet launch of PlayBlock is scheduled for early April.

Empowering Game Developers with Freedom and Simplicity

PlayBlock’s design enables game developers to exercise their creative choices while staying connected to the platform. It simplifies the sign-up process for players by offering a universal profile that allows them to carry their identity, achievements, and digital assets seamlessly across various games in the ecosystem. With a portfolio of over one hundred mobile-first games in development, PlayBlock is set to lead the upcoming wave of web3 mass adoption.

“Launching our dedicated chain is a natural evolution of Playnance’s vision as one of the leading peer-to-peer web3 gaming platforms,” said Roman Levi, CTO at Playnance. “Our ambition is driven by the goal to combine the benefits of Web3 on-chain gaming with the fun and accessibility of traditional games, all without the web3 complexity.”

The Technology Behind PlayBlock

The PlayBlock chain utilizes Arbitrum Nitro’s rollup technology and runs on Gelato’s RaaS platform. This platform leverages various web3 services like Relayers, VRF, Functions, and Account Abstraction to meet PlayBlock’s unique ecosystem needs. By creating user-friendly gameplay directly on the blockchain, PlayBlock enhances transparency, fairness, and ownership of in-game assets.

The new PlayBlock chain achieves a 250ms block time and near-instant finality, capable of processing thousands of transactions per second. It introduces the PBG token to guarantee a zero-gas user experience. Additionally, PlayBlock Layer3 features its own stablecoin, USDP, to eliminate volatility and ensure fair rewards payouts pegged to a dollar.

PlayBlock abstracts away the need for users to pay for gas, enabling persistent, session-based, gasless gameplay supported by sponsored transactions through Gelato’s integrated Relayer. With a dedicated self-custodial native wallet called PlayWall based on ERC-4337, PlayBlock streamlines the onboarding process by offering seamless social login and account creation.

Achieving Scalability with Gelato RaaS

Over time, Playnance plans to transition towards a multi-chain vision on Arbitrum Orbit. This transition will involve scaling to multiple horizontally interconnected PlayBlock Layer-3 chains. The goal is to achieve limitless scalability and increased bandwidth to accommodate an economy of hundreds of millions of gamers. The implementation will include a shared sequencer for smooth cross-chain interoperability.

About Playnance

The Playnance ecosystem bridges the traditional web2 iGaming experience with the transparent and trustless world of Web3 GameFi. It utilizes cutting-edge blockchain technology for social login, self-custody solutions, and a one-click crypto bridging mechanism. Currently handling over 200,000 transactions daily totaling more than $450 million paid out, Playnance is known for its flagship product, the plug-and-play P2P trading game UPVSDOWN, which is the #1 Polygon iGaming app based on transaction volume.

For more information, visit Playnance’s official Website, Twitter, or LinkedIn.

About Gelato

Gelato is an all-in-one Ethereum Rollup as a Service Platform built without limits. It offers super-fast, incredibly secure, and infinitely scalable Gelato Rollups that allow anyone to build and deploy fully serviced Layer 2 chains natively integrated with industry-standard Web3 tools and services. With just one click, developers can launch a production-ready web3 development environment.

For more information, visit Gelato’s official Website, Telegram, or Twitter.

About Arbitrum Foundation

The Arbitrum Foundation supports and grows the Arbitrum network and community to provide secure scaling for Ethereum. Arbitrum Orbit is a permissionless path for launching customizable dedicated L2 and L3 Orbit chains using Arbitrum technology. By leveraging secure, scalable, and cost-efficient blockchain scaling technology, Arbitrum Orbit enables features such as custom gas tokens, dedicated throughput, customizable permissions, and interoperability. To date, more than 25 Orbit chains have been officially announced with over 50 additional chains in active development.