The First: L2 Chain Game Ancient8 Driven by Technology
Digital crypto trading platform The First ( byetf.com ) will launch Ancient8 ecological token A8 on August 6, 2024 (UTC + 8). Ancient8 is a chain game agency headquartered in Vietnam and has built a game-centric, community-driven ecosystem on the Ethereum Layer 2 network, Ancient8 Chain, aiming to accommodate the next 100 million Web3 citizens.
With its composability, scalability, and compatibility with EVM, Ancient8 enables developers to easily build GameFi programs on its ecosystem and create an open and free web3 gaming environment. Taking advantage of the launch of The First ( byetf.com ) on A8, we delve into the core and future potential of the Ancient8 system, which helps us find potential opportunities in the blockchain gaming field.
What is Ancient8?
Ancient8 Chain is a gaming-focused, community-driven Ethereum Layer 2, powered by OP Stack and enhanced by Celestia , specifically designed to address scalability and adoption challenges faced by web3 games and consumer DApps. By leveraging the strengths of Optimism and Celestia, Ancient8 Chain prioritizes speed, cost-effectiveness, and provides developers with cutting-edge technology, especially for on-chain game development.
As the second layer network of Ethereum, Ancient8 Chain utilizes the rich resources and strong community foundation of the Ethereum ecosystem, while reducing transaction costs and improving transaction speed through its optimization technology. This enables games and DApps developed on Ancient8 Chain to enjoy the security of Ethereum, while avoiding congestion and high gas fees in the first layer network.
The support provided by OP Stack brings high scalability and flexibility to Ancient8 Chain, which is crucial for handling a large number of concurrent requests and complex game logic. The addition of Celestia further enhances its cross-chain communication capabilities and data availability, enabling Ancient8 Chain to better interact with other blockchain ecosystems and provide game developers with more choices and possibilities.
Ncient8 Chain pays special attention to the needs of game developers. Through Modularization design, developers can easily deploy their game logic and assets on the chain. This design not only lowers the development threshold, but also promotes interoperability between games and the prosperity of the ecosystem.
In the current era of high gas fees and limited transaction speed, Ancient8 Chain effectively reduces gas fees and improves transaction speed through its optimization technology. This is crucial for improving User Experience and attracting more players to participate, especially in game scenarios that require frequent interaction and instant feedback.
Ancient8 Chain emphasizes resonance with every participant, from players to builders, who can feel its unique charm and value. By building a fair, transparent, and inclusive gaming environment, Ancient8 Chain aims to inspire more innovation and creativity, and promote the sustainable development of the Web3 gaming ecosystem.
II. Ancient8 Ecological Advantages
The decision to build Layer 2 on the OP Stack stems from the pursuit of creating the best infrastructure for web3 games and consumer DApps. This decision is consistent with Optimism's Hyperchain concept, promising scalability and composability. It enables developers to create engaging experiences and ensures that users benefit from low-cost transactions. Now, Celestia has added a layer of depth, enhancing the infrastructure through powerful data availability. This not only means a smoother present, but also a future where scalability and diverse systems coexist, opening up new possibilities for games and DApps on the Ethereum network.
Modularization Design Framework
Ancient8 Chain adopts Modularization design, integrates OP Stack and Celestia, and runs in a microservice structure. The OP Stack Modularization component covers data availability, sorting, derivation, execution, and governance layers, providing fine grain control. The introduction of Celestia optimizes blockchain Modularization, achieving easy updates and modifications, enhancing the flexibility and adaptability of the system. This design ensures seamless integration of on-chain games, and the smooth transition from testnet V1 to V2 is a reflection of its adaptability.
Scalability and throughput
Ancient8 Chain utilizes OP Stack's Optimistic Rollups technology to significantly improve transaction throughput. The combination of state channels and off-chain computing technology further enhances scalability and effectively responds to the limitations of the Ethereum mainnet. The platform focuses on reducing gas fees, providing cost-effective participation methods, and combined with enhanced scalability, making Ancient8 Chain a versatile and user-friendly blockchain platform.
EVM compatibility
Ancient8 Chain is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly port existing Ethereum projects. This compatibility not only simplifies code migration and infrastructure adaptation, but also promotes cross-chain interoperability and strengthens technical collaboration with the Ethereum ecosystem. Ancient8 Chain is committed to providing affordable transactions and near-instant confirmation, opening the door to blockchain games and applications for a wider client base.
How does Ancient8 work?
Ancient8 is not just a blockchain platform, but also a vibrant gaming ecosystem that integrates full-chain services from game development to marketing activities. Its unique growth layer includes multiple key components, which together lay a solid foundation for the release, promotion, and success of Web3 native games.
Ancient8 Chain
As the core of this ecosystem, Ancient8 Layer 2 is designed specifically for the gaming industry, featuring fast transactions and affordable interactions to ensure smooth game operation and maintain high player engagement. This platform deeply understands the needs of gamers and provides an ideal operating environment for Web3 games.
Dojo Market
As a dedicated NFT market for top Web3 game projects, Dojo is a bridge connecting game developers with players in South East Asia and other regions. It is not only a gateway for game publishing, but also a key platform for establishing important connections and expanding the market.
Space3
As a game publisher and launch platform, Space3 is committed to bringing millions of excellent Web2 and Web3 games to the global market. From game conception to actual release, Space3 carefully crafts game experiences that attract global players and redefines the way games are enjoyed.
Ancient8 Gaming
As a bridge between gamers and game creators, Ancient8 Gaming provides a global center for game discovery, local communities, and real-life activities. It is both a playground for players and a growth space for developers, jointly promoting the vigorous development of the gaming industry.
ReneVerse
ReneVerse is revolutionizing the gaming industry through borderless advertising. Its proprietary engine provides an unparalleled in-game advertising experience, advocating cross-compatible platforms and innovative forms of in-game advertising. ReneVerse's mission is to unify consumer and gaming experiences and democratize the gaming industry through advanced blockchain applications.
A8ID
In a decentralized future, A8ID provides users with the opportunity to have their own game identity and social graph. It offers the scalability of Plug and Play, on-chain data analysis, and optimization methods to reach millions of users, providing strong identity authentication and social support for every participant in the game ecosystem.
IV. Ancient8 team and financing information
The Ancient8 Chain ecosystem will be built in a collaborative and decentralized manner by Ancient8 Collective, a group of core partners made up of top web3 gaming thought leaders working to shape mainstream adoption in a decentralized world.
In January 2022, Ancient8 completed a $4 million seed round financing led by Dragonfly Capital, Pantera Capital and Hashed. The company said it would use the funds to establish a DAO to further build a community around "Play-to-Earn".
In September 2022, Ancient8 completed a new round of financing of $6 million, led by interactive entertainment venture capital firms Makers Fund and C ² Ventures, with participation from IOSG Ventures, Pantera Capital, 6th Man Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital, and Play Ventures. The funds will be used to build software products and develop communities and guilds.
V. Ancient8 Token Economics
As the core token of Ancient8, $A8 is an ERC-20 token designed to be the lifeblood of the Ancient8 ecosystem. The total supply limit of the token is 1,000,000,000, and its design aims to ensure high community participation while cultivating a thriving ecosystem. The framework not only allows seamless transactions, but also incentivizes community participation.
As the core token of the Ancient8 ecosystem, $A8 plays multiple key roles, not only promoting participation, innovation, and ownership within the ecosystem, but also enhancing User Experience and driving value capture through a series of practical application scenarios and incentive mechanisms.
Governance mechanism: Decentralized governance ensures that $A8 holders and stakers participate in decision-making, shape future direction, and promote transparency and fairness.
Utility: A8 acts as a medium of exchange, supporting NFT minting, in-game purchases and subscriptions to exclusive content, enriching the gaming experience.
Exclusive access: Right of access to special events, new experiences and customised content for A8 holders, enhancing a sense of belonging and loyalty.
Value growth: With the development of the ecosystem, the value of A8 continues to increase, bringing considerable returns to holders.
Staking incentives: Staking A8 to get diversified rewards, including staking points, contribution recognition and in-game benefits, flexible choice of incentive methods.
At the same time, by staking A8, contributors will gain more power and in-game benefits, such as early access to new releases and products. These Incentive Mechanisms not only promote the circulation and use of $A8 tokens, but also stimulate the enthusiasm and participation of community members, jointly promoting the prosperity and development of the Ancient8 ecosystem.
The strategic allocation of $A8 tokens is crucial for cultivating a balanced and prosperous ecosystem. The following is a breakdown of the total supply allocation:
Communities and ecosystems: 32% (320,000,000 A8s)
Seed round: 10% (100,000,000 A8)
Private placement round: 6% (60,000,000 A8)
Team: 20% (200,000,000 A8s)
Consultants: 2% (20,000,000 A8s)
Public distribution: 5% (50,000,000 A8s)
Liquidity: 10% (100,000,000 A8)
Treasury: 15% (150,000,000 A8s)