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Gaming Titan Konami Teams Up with Avalanche to Introduce NFT Solution ‘Resella’

Konami Digital Entertainment, a renowned Japanese game developer and publisher, has partnered with Avalanche blockchain to unveil a new non-fungible token (NFT) solution named “Resella.”

According to a report by Venture Beat, this collaboration aims to innovate Web3 services by providing a user-friendly platform for businesses and organizations looking to integrate blockchain technology into their operations.

The Resella NFT platform simplifies the entire lifecycle of NFTs, from creation and issuance to trading. It seeks to remove barriers associated with external Web3 wallets and complex cryptocurrency transactions, making blockchain technology more accessible for newcomers.

Resella to Support Transactions in Yen

Resella notably facilitates transactions in Japanese yen, targeting the local Japanese market initially. However, the platform has ambitions to broaden its capabilities to serve a global audience.

Beyond its core functionality, Resella acts as a pivotal link between traditional gaming and the Web3 sphere. Konami Digital Entertainment intends to foster inclusivity by making Web3 technologies accessible, encouraging businesses across different industries to embrace blockchain innovations.

Resella aims to introduce novel social interactions within the Web3 ecosystem. For instance, NFTs originating from gaming environments could double as event passes or unlock exclusive in-game features, envisioning new and dynamic user experiences.

Resella operates seamlessly on an Avalanche Subnet and leverages Ava Labs’ AvaCloud Web3 launchpad service, ensuring efficient operations with zero gas costs for users and consistent processing speeds. This streamlined transactional experience enhances its attractiveness as an NFT solution.

The gaming sector continues to reap benefits from Web3 technologies, prompting the development of supportive infrastructure. Recently, Ronin, a blockchain platform focusing on gaming, unveiled a new zero-knowledge (ZK) Ethereum Virtual Machine (EVM) layer-2 chain designed to scale Web3 games.

Through this dedicated ZK chain, Ronin aims to support game studios in expanding their capabilities and accommodating more users. This initiative aims to establish a unified gaming ecosystem that facilitates token swaps, asset transfers, and NFT trading between layer-1 and layer-2 games.

NFT Products Hit a Barrier

There has been a noticeable trend of companies stepping back from the NFT space in recent months.

In March, Starbucks, the global coffee chain, opted to end its NFT rewards program.

Earlier in January, GameStop, a prominent gaming retailer, announced the closure of its NFT marketplace, marking a shift after scaling down its crypto-related services over the previous two years.

More recently, X (formerly Twitter), now owned by Elon Musk, discontinued a feature that allowed premium users to set NFT images as their profile pictures.

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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