Developers of video games were paid a six-figure sum to work on the NEAR Protocol
The NEAR Foundation has paid Vorto Gaming a six-figure amount to develop a play-to-earn gaming software based on the NEAR Protocol.
· Vorto Gaming has been awarded a six-figure funding by NEAR Protocol to develop a gaming software for the network. It consists of 25,000 NEAR tokens.
· Vorto Gaming intends to take use of NEAR’s scalability and sharding capabilities.
· Vorto Network is one of the blockchain initiatives that is experimenting with a game-to-earn concept.
Play-to-earn gaming is coming to NEAR Protocol courtesy to a significant donation.
NEAR Protocol Awards Gaming Project
Vorto Gaming, a startup funded by ConsenSys, got 25,000 NEAR tokens and $10,000 to build on the NEAR Protocol, totalling roughly more than $200,000 at today’s rates.
Vorto Gaming is one of an increasing number of startups working on blockchain-based play-to-earn games. Its ecosystem gives users access to an economy while they’re playing, allowing them to earn and resell things to other players on its own marketplace. On the Vorto Network, game assets are represented as NFTs, allowing players to gain first-hand ownership of the products. Previously, game ownership was less tangible.
With the advancement of technology, play-to-earn has flourished in crypto. Some players in some of the states have made more than the average national wage by playing the Ethereum-based game Axie Infinity.
The award will mark the beginning of a collaboration between the two projects, with Vorto Gaming aiming to benefit from NEAR’s scalability and sharding capabilities. The NEAR Protocol is a smart contract Proof-of-Stake platform. It’s comparable to Ethereum in that regard. NEAR, on the other hand, executes transactions 10,000 times cheaper than Ethereum, according to its website.
It’s presently developed a “Rainbow Bridge” that will allow ERC-20 tokens like DAI and UNI to be used on Near. In the future, the Rainbow Bridge will be a significant focus of activity for gaming companies like Vorto.
Vorto Gaming CEO Kristaps Vaivods stated in a news statement that “This cooperation, will enable blockchain gaming acceptance increase in the future. It’s obvious that blockchain gaming, despite its potential and enthusiasm, has experienced limited acceptance in recent years”
He also added that, “We believe there are two primary causes for this: poor user interface and user experience (UI/UX) and an un-scalable blockchain infrastructure. For the former, we will solve by ourselves, and for the latter, we have collaborated with NEAR.”
One of the Vorto Network’s main goals is to make blockchain games more accessible to crypto newbies. To play the game, you don’t need to link a wallet or pay any fees, which isn’t usually the case with Ethereum games. While several scaling methods aim to address this problem, they frequently include a high-cost transfer of money from the Ethereum mainnet.
Ethereum will eventually introduce shard chains, same to how NEAR does now. Near’s sharding technology, according to Erik Trautman, CEO of the NEAR Foundation, allows blockchain games to thrive.
He explained, “NEAR Protocol is intended for developers, much as Vorto Gaming. NEAR uses abstractions to mask as much of the underlying scaling solutions as possible, resulting in a high-performance sharded blockchain with the build-test-deploy ease of a standard development platform.”