Double jump.tokyo signs up to layer-two scaling solution for NFTs

Published at: March 25, 2021

Double jump.tokyo, the developer of popular blockchain game My Crypto Heroes, announced on March 25 that it will use the Immutable X platform to mint and trade nonfungible tokens, or NFTs, across all its games.

Immutable X is a layer-two solution for the Ethereum blockchain, created by Immutable — the team behind the Gods Unchained trading card game. It aims to promote NFT adoption by reducing gas fees and allowing for more dynamic game mechanics.

The alpha release will launch this month for Gods Unchained, opening up to double jump.tokyo and several other developers, including SuperfarmDAO, Illuvium and Mintable, shortly thereafter.

The platform touts several benefits designed especially for the NFT market, including instant trading confirmations, capacity for over 9,000 transactions per second and zero gas fees.

It does this using a system of batched zero-knowledge proofs from Starkware, meaning that the platform remains fully decentralized and secured by the Ethereum network. This also means that NFTs can be traded via any Ethereum-based marketplace.

Immutable co-founder Robbie Ferguson explained why the company didn't go down the side chain route, saying:

“Investing so much time in blockchain technology, only to resort to what amounts to saving assets on a database or a server on someone’s laptop is a waste of everyone’s time and subject to counterparty risks.”

Double jump.tokyo business alliance director Ryo Matsubara explained that the scalability of Immutable X made it a perfect fit for NFT developers, adding, “Our games have done an amazing job at engaging millions of fans around the world, and those fans deserve a great, stable, fast experience.”

The explosive growth of DeFi and NFTs over the past year have seen an increasing demand for layer-two solutions to circumvent the congestion and high fees on the Ethereum network. However, Immutable X is the first such platform to be specifically tailored for NFTs.

Tags
Nft
Related Posts
NFT gaming company Animoca Brands acquires majority stake in Bondly
Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly, Animoca chairman and co-founder Yat Siu told Cointelegraph: “We acquired a majority stake in Bondly because it will significantly assist us to drive true digital ownership via NFTs, and we see this as crucial to the future of gaming and the emergence of the open metaverse.” As part of the investment, Bondly’s NFT technology, including …
Technology / Sept. 17, 2021
Gamified yield farming with nonfungible tokens
The concept of yield farming has gained a lot of traction over the past year or so particularly because it enables crypto owners to stake their assets in return for tangible returns within short time windows. And while the thought of earning a profit on one’s investment may not be new at all, the idea behind yield farming — where users can earn rewards for making use of a particular DeFi application — is largely confined to the purview of the decentralized finance sector. Also, much like yield farming, nonfungible tokens, too, have become extremely popular over the last couple …
Technology / Jan. 27, 2021
Wear-to-earn NFTs target the billion-dollar fashion industry
The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life. Megan Kaspar, managing director at Magnetic Capital and member of Red DAO — a fashion-focused decentralized autonomous organization — told Cointelegraph she believes that digital fashion nonfungible tokens, or NFTs, will be the largest NFT category of Web 3.0: “Digital fashion NFTs include clothing, shoes, jewelry, accessories and more that can …
Adoption / Dec. 1, 2021
Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions photo of eye as NFT and more
Decentralized blockchain-based metaverse The Sandbox has held its first hybrid digital and real-life wedding on its Metaverse. The bride and groom, Singaporean couple Joanne Tham and Clarence Chan, CEO of music company Bandwagon, celebrated their matrimony on Sept. 17 in a “70s disco glam” themed wedding, which took place in a digital replica of Singapore's famous Alkaff Mansion. ❤️ A @TheSandboxGame wedding just happened a few hours ago. Congratulations @clarcrypto ! A special thank you to @borgetsebastien . A feature video dropping today. @thecobbleland #wedding #metaverse pic.twitter.com/141o915Hew — Smobler Studios (@smoblerstudios) September 17, 2022 While the couple was physically present …
Technology / Sept. 20, 2022
Skyweaver's parent company secures $40M in Series A funding
Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors. With the funds, Horizon plans to invest in Web3 products and scale its operations. Specifically, the company wants to grow its developer stack and smart wallet Sequence, expand the content and reach of the nonfungible token (NFT) turn-based card game …
Nft / Oct. 5, 2022