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DeFi News

Moonveil Launches of Gamer-Centric Layer-2 Chain Testnet

Written By:
Dhara Chavda

Last updated: October 9, 2024 12:19 PM
Published October 8, 2024 8:30 PM
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Last updated: October 9, 2024 12:19 PM
Published October 8, 2024 8:30 PM
Moonveil Launches of Gamer-Centric Layer-2 Chain Testnet

Moonveil, a pioneering web3 game studio, is set to launch its gamer-focused Layer-2 Chain testnet, powered by Polygon CDK. This release represents a major milestone in Moonveil’s mission to create a scalable, secure, and fast gaming ecosystem.

The Layer-2 Chain testnet, built on zk-powered Polygon CDK and AggLayer, offers modularized functions like transactions and oracles, significantly improving network speed, efficiency, and security while lowering costs. This design allows developers to easily test new features without disrupting the overall system—crucial for rapidly evolving game products.

M.J Wang, Co-Founder and CEO of Moonveil, expressed excitement over the upcoming launch, highlighting the chain’s scalability and performance benefits for both developers and gamers. The chain uses advanced technologies like Polygon Zero and recursive STARKs to reduce gas fees and enable seamless creation of decentralized apps and games.

AggLayer, co-developed by Polygon Labs, ensures cross-chain liquidity and eliminates mismatches between in-game and gas tokens. It also allows for the creation of independent game environments, enhancing modular design and improving game organization.

In conjunction with the testnet launch, Moonveil is releasing Flaming Pets, an on-chain strategic multiplayer game set in a magical world, aimed at optimizing the L2 technology while providing an engaging gameplay experience. The studio is also preparing to launch node sales, inviting community participation in its ecosystem growth.

Since its founding in 2022, Moonveil has raised $9 million from prominent investors, solidifying its position as a leading innovator in the gaming industry.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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