Recreation merchandise market Overtake launches on Sui

South Korean recreation merchandise market Overtake has formally introduced the launch of its new blockchain-enabled platform utilizing the Sui blockchain.

At launch, {the marketplace} will help a handful of PC video games together with Path of Exile 2, Final Epoch and MapleLand.

Customers can create their very own retailer promoting digital objects utilizing the TakeShop market builder. Store house owners can increase their promoting energy by providing rewards and accepting varied cost sorts starting from USDC to App Pay and Google Pay.

Exercise on {the marketplace} can be rewarded with the platform’s TAKE token, which might staked for added yield.

Created by a staff with expertise working peer-to-peer web2 merchandise marketplaces ItemBay and ItemMania, Overtake’s imaginative and prescient is to create a blockchain-based platform that can be utilized to promote each web2 and web3 recreation property together with digital currencies and collectibles whereas utilizing the clear nature and trustless cost rails of blockchain.

This side of the platform is especially vital for Overtake’s escrow course of, which makes use of a two of three keys system, with the vendor, the customer and Overtake every having a personal key to make sure that each transaction is correctly secured and validated.

On this approach, it expects that utilizing blockchain will scale back transaction charges by over 50%, in addition to decreasing fraud and different disputes.

Overtake can be planning to introduce AI brokers to the platform which it hopes will enhance liquidity and enhance value discovery.

Discover out extra and take a look at the KBW2025 launch occasion on the Overtake web site.

Source link