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 assist 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 numerous cost sorts starting from USDC to App Pay and Google Pay.
Exercise on {the marketplace} can also be rewarded with the platform’s TAKE token, which might staked for added yield.
Created by a workforce with expertise operating 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 belongings together with digital currencies and collectibles whereas utilizing the clear nature and trustless cost rails of blockchain.
This facet 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 client and Overtake every having a non-public key to make sure that each transaction is correctly secured and validated.
On this manner, it expects that utilizing blockchain will cut back transaction charges by over 50%, in addition to lowering fraud and different disputes.
Overtake can also be planning to introduce AI brokers to the platform which it hopes will improve liquidity and enhance worth discovery.
Discover out extra and take a look at the KBW2025 launch occasion on the Overtake web site.
