Blockchain
India Regulatory Technology Business Report 2024: Market to Grow by 37.8% to Reach $354.72 Million this Year – Investment Opportunities Databook to 2029
Xsolla, a global video game commerce company, announces plans to launch Xsolla ZK and introduce a digital backpack of virtual items on the blockchain. Xsolla ZK is powered by ZKsync technology and will drive the continuous growth and expansion of Web3 technologies to further develop solutions on the blockchain for the video game industry.
Xsolla ZK will become part of the Elastic Chain ecosystem- an expanding constellation of interconnected chains powered by Zksync, an Ethereum Layer 2 zero-knowledge roll-up technology. Xsolla ZK will also introduce its ‘digital backpack’ for game developers, item creators, and gaming infrastructure providers to store and manage in-game items. Xsolla has seen significant success in the gaming industry, with two decades of experience, over 2,500 games monetized with its products, and over 1,000 developers and publishers utilizing its technology for their games.
Lee Jacobson, Senior Vice President of Business Development Web3 at Xsolla, expressed his enthusiasm for the project: “Xsolla ZK leverages Ethereum Layer 2 zk Rollup technology to create a digital backpack for game developers. By deploying our expertise on the ZKsync Elastic Chain, we provide game developers with a scalable and pioneering solution aligning with the economic models with which they are familiar. Xsolla ZK is not just about innovation; it’s about creating real value for the gaming community.”
Xsolla will combine its expertise in in-game commerce with ZKsync’s cutting-edge blockchain technology. Rich Kim, Head of Gaming at Matter Labs, said, “We are thrilled to see companies like Xsolla launch pioneering projects for Web3 gaming. For gaming ecosystems to thrive, it’s critical to close the gap for both users and builders; builders need proven, plug-and-play infrastructure to launch rich features while handling the performance required by mass usage games. Additionally, users need easy-to-use and convenient in-game features and payment options that can be leveraged across a broad ecosystem of games. Xsolla ZK is carving a path for gaming to transition and thrive in Web3.”
The post XSOLLA TO LAUNCH XSOLLA ZK, ADVANCING WEB3 ADOPTION FOR VIDEO GAMES appeared first on HIPTHER Alerts.
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