Categories: Press Releases

Transak and SKALE Partner to Solve High Gas Fees and Onboarding Challenges of Web3 Gaming

Miami, Florida, February 29th, 2024, Chainwire

In an ambitious move to transform the landscape of Web3 gaming, Transak, and SKALE have announced a strategic partnership to address two of the most significant barriers to blockchain adoption: Unpredictable gas fees and the challenges of seamless entry into digital assets.

Transak, a premier Web3 payment solution for onboarding infrastructure brings heightened possibilities to SKALE, the leading Appchain scaling network with zero gas fees. This alliance brings a comprehensive solution to the table: While SKALE ensures affordability and usability with its cutting-edge technology, Transak simplifies the user journey, enabling easy and efficient entry pathways.

Together, Transak and SKALE are removing hurdles that have long hindered the mass adoption of blockchain technology.

Transak + SKALE Integration: A Global Reach

A report by Dappradar highlighted that nearly $3 billion was invested in Web3 gaming projects in 2023. Yet, it was more than 60% lower than the year before. Clearly, there is significant interest in blockchain-based games but easy accessibility for mainstream and casual gamers is almost non-existent.

The partnership between Transak and SKALE opens the floodgates of Web3 gaming to over 180 countries in a manner that is practical and affordable for most.

With the integration of Transak, SKALE is launching fiat-to-crypto deposits in more than 180 countries including emerging Asian markets, allowing users to easily buy blockchain-based assets and use across 20 SKALE Appchains.

This integration not only simplifies transactions but also enriches user experiences by embedding Transak’s services directly into SKALE dApps, offering developers a powerful tool to enhance engagement.

“Our partnership with SKALE marks a significant leap forward in Web3 gaming and blockchain accessibility. By combining SKALE’s zero gas fee architecture with Transak’s streamlined onboarding infrastructure, we’re eliminating key barriers to blockchain adoption and opening new avenues for gamers worldwide,” said Yeshu Agarwal, CTO of Transak.

Impact on Web3 Gaming and Beyond

SKALE has been a frontrunner in the Web3 gaming space, recognized as the most active gaming chain in 2023 by CoinGecko and boasting the world’s fastest blockchain accolade from Dartmouth.

By eliminating over $4 billion in gas fees and supporting 20 million Unique Active Wallets (UAWs), SKALE has established a robust foundation for growth.

With Transak’s integration, gamers and developers alike can anticipate a more fluid and cost-effective gaming experience, further driving user engagement and platform growth.

To support the Web3 gaming industry and its users, Transak is supporting NFT purchases for as low as $0.01. This opens up the viability of micro-transactions, which is essential for fast-paced AAA and MMORPG games to thrive in a decentralized environment.

“SKALE’s rapid growth and market dominance in Web3 gaming is a testament to a superior user experience created by a modular architecture and zero gas fee economic model. Partnering with Transak strengthens this edge by improving access and reducing costs for users and gamers across the ecosystem. Incorporating Transak’s efficient on-and-off ramp services is a strategic move to drive further growth and empower developers in the SKALE Ecosystem.” – Jack O’Holleran, CEO of SKALE Labs

Innovations and Success Stories

SKALE’s ecosystem brims with innovation, hosting a variety of projects ranging from AAA-quality games to AI integrations. Key highlights include:

StrayShot – Integrates NFTs into gameplay, enabling players to mint weapons directly to their wallets.
ReHold – Uses SKALE’s infrastructure for cost-effective data storage and transparent transaction recording, saving users thousands in gas fees.
Exorde – An AI-based dApp that harnesses SKALE’s zero gas fee environment for efficient data scraping, saving millions in potential costs.

With the integration of Transak’s services into SKALE dApps, gamers can quickly onboard onto trending games, addressing a major challenge in the Web3 gaming landscape.

This ease of transaction is not just a convenience; it’s a game-changer, enabling gamers to fully engage with and benefit from their participation in the SKALE ecosystem.

As SKALE and Transak forge ahead, their collaboration is set to unleash a new wave of innovation and accessibility in the blockchain space. By focusing on user-friendly solutions and technologies, they are addressing the current needs of the blockchain community and shaping the future of Web3 gaming and blockchain utilization.

About Transak

Transak is a leading Web3 onboarding infrastructure provider. Its API-driven solutions enable Web3 platforms to onboard users from 180+ countries to crypto while abstracting the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak’s on/off-ramp widget can be integrated into an app in just a few lines of code. Transak is a product of the Tachyon accelerator program and is backed by top VCs including Consensys and Animoca Brands.

For more information, visit transak.com or follow on twitter.com/transak.

About SKALE

SKALE is the world’s fastest blockchain, designed for secure Ethereum scaling. SKALE Appchains provide ZERO gas fees to end-users and have advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting. SKALE enables developers to deploy their own configurable EVM blockchain in minutes without sacrificing speed, security, or decentralization.

For more information, visit SKALE.space or follow on Twitter.com/SKALENetwork.