Introducing Open Loot Chain: A New Layer 3 App Chain Bringing Scalability To Gaming

Key Takeaways:

• Open Loot has announced the launch of the Open Loot Chain, a Layer 3 built for gaming scalability.
• The OL Chain offers zero-gas transactions, simple onboarding, and wallet interoperability.
• With its unified ecosystem and $OL token, Open Loot is aiming to become the foundation layer for the future of gaming.

Open Loot, a foundational layer for building the future of gaming, has announced the launch of a new project, Open Loot Chain (OL Chain), aimed at improving the transparency, scalability, and performance of gaming.

What is the Open Loot Chain?

The Open Loot Chain is a Layer-3 blockchain built on top of Base. It is a specialized blockchain layer built explicitly for gaming workloads. It's purpose-built to power large-scale gaming applications and digital economies.

The OL Chain aims to remove the friction typically associated with Web3 so that players can just play, while studios can build and scale game economies easily. It combines high throughput, near-zero fees, and a user experience that hides most of the crypto complexity from players.

How OL Chain Aims To Power the Future of Gaming

Gamers looking to onboard into crypto gaming usually have to manage wallets, seed phrases, and gas fees to make in-game purchases or trades. When you add these challenges to the high transaction fees and slow confirmation times of many blockchains, it's easy to see why mainstream adoption has eluded Web3 games. 

The mission of OL Chain is to connect the accessibility of Web2 gaming with the ownership gains of Web3 and create an ecosystem that is frictionless and designed to suit next-generation blockchain games. OL Chain achieves this by removing these barriers.

Seamless Wallet Onboarding With Interoperability

With OL Chain, players get a seamless, Web2-style wallet upon onboarding, with no seed phrases, no wallet extensions, and an easy-to-use interface. One wallet works across all the games on the OL Chain for a seamless gaming experience. 

This universal wallet holds a player's identity, inventory, and reputation, working across all Open Loot platform games. This interoperability will also encourage developers to build shared economies and player networks — a step toward the long-promised "metaverse" vision where assets have life beyond a single game. 

Zero Gas Fees for Players

OL Chain can make blockchain accessible to the mainstream by lowering the common Web3 friction, such as gas fees and wallet complexity. One way OL Chain achieves this is through gas abstraction. It allows players to pay transaction fees in native $OL token, without using the conventional blockchain gas mechanics.

Built for Game Developers

Open Loot Chain also supports a composable economy that is flexible, scalable, and enables developers to create, deploy, and expand blockchain games more quickly and with less technology. It offers reliable game and marketplace analytics backed by blockchain transparency to ensure that every NFT trade, purchase, and transaction is verifiable and publicly auditable.

The open-source infrastructure of OL Chain also offers flexibility and allows developers to create their own composable game economies to enable the real ownership of in-game assets like NFTs and currencies. In these economies, players can buy, sell, and interact with digital assets in games without having to know much about crypto or move platforms.

The $OL Token

The Open Loot ecosystem is fueled by the $OL token. It also doubles as a utility and gas token within supported games and marketplaces in the OL ecosystem. Players can:

• Use $OL to pay marketplace fees, purchase NFTs, or rent in-game items.
• Earn $OL through gameplay, events, and staking programs.
• Access exclusive drops, VIP features, and early game access by holding or staking $OL.

The token-based model focuses on aligning the interests of players, developers, and studios, as it motivates players to participate, allows the distribution of rewards, and can help the ecosystem grow sustainably in the long term.

OL Chain: The Next Step in Gaming

The OL Chain is the latest attempt from Open Loot to build a solid, scalable infrastructure layer that powers the future of gaming. It solves critical Web3 gaming challenges through gas abstraction, simplified onboarding, and scalable infrastructure.

Built on Base's secure Ethereum layer with a high-performance Layer-3, OL Chain delivers fast, gasless transactions and public transparency while preserving player ownership across games. Thus, it is positioned to be a foundational platform for the future of on-chain games.