Powering Digital Ownership: Merit Circle DAO and Immutable’s Web3 Collaboration Dec 7, 2023 Dec 7, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 7, 2023 by Kelly Cromley

Powering Digital Ownership: Merit Circle DAO and Immutable’s Web3 Collaboration

In a groundbreaking move, the Merit Circle DAO, acknowledged as the world’s largest decentralized autonomous organization (DAO) with a focus on gaming, has joined forces with Immutable on its Web3 platform. This strategic partnership aims to enhance the Beam open-source blockchain network and the Sphere native digital asset marketplace, leveraging Immutable’s cutting-edge Web3 solutions.


Sub-title 2: A Vision for Digital Ownership


The collaboration between Merit Circle DAO and Immutable reflects a shared commitment to advancing the digital ownership experience for gamers globally. Immutable’s CEO, James Ferguson, expressed enthusiasm for the alliance, stating that the mission is to bring digital ownership to every gamer worldwide. He highlighted the synergies between Immutable’s robust ecosystem, featuring advanced technology, and Merit Circle’s expertise in web3 gaming.


Expanding the Beam Network


The Beam network, tailored to the specific needs of gaming studios, aims to simplify game development complexities while enhancing user experiences and prioritizing player engagement. Previously exclusive to Avalanche, Beam is set to launch on Immutable zkEVM, a revolutionary scaling solution powered by Polygon. This integration is expected to introduce Immutable’s advanced Web3 solutions, such as Immutable Orderbook and Immutable Passport, to studios. These solutions aim to boost revenue by enabling the sharing of in-game digital asset orders across leading marketplaces and offering tools for developers, including passwordless sign-ons and automated wallet creation for smoother player onboarding.


Merit Circle DAO’s Chief Growth Officer, Marco van den Heuvel, emphasized the significance of this collaboration, stating that they envision Beam to be present wherever games, players, and developers converge. The partnership with Immutable and Polygon Labs represents a significant step towards realizing this vision, as blockchain technology is anticipated to play a defining role in the gaming industry’s future.


Unlocking Innovative Gaming Experiences


Immutable and Merit Circle DAO are optimistic about unlocking fresh and innovative gaming experiences through their collaboration. Beginning with the Sphere gaming marketplace, the partnership aims to explore synergies that will contribute collectively to the evolution of the gaming industry. Immutable’s recent milestones with Ubisoft Strategic Innovation Lab and Amazon Web Services underscore the strategic advancements made in overcoming challenges related to blockchain technology adoption in gaming.


Notably, Merit Circle DAO holds one of the largest non-native treasuries in web3 gaming, totaling over $100 million in assets. Leveraging this substantial financial backing and its extensive network of portfolio games, Merit Circle DAO is well-positioned to invest in games or studios building on Immutable, thereby amplifying the impact of this collaboration.


In an email to GamesBeat, Immutable clarified that Beam facilitates the integration of blockchain into games seamlessly for both gamers and developers. Gamers can enjoy blockchain-powered games without grappling with complex wallet structures, while developers can enrich their games effortlessly.


When questioned about the necessity of a new blockchain, the DAO emphasized that Beam’s blockchain is dedicated exclusively to gaming. Positioned as the go-to platform for any game developer wishing to integrate blockchain technology and any gamer embracing the possibilities of web3, Beam aims to deliver high-quality user-facing products by leveraging the expertise of the broader ecosystem.


The partnership between Merit Circle DAO and Immutable signifies a significant stride towards revolutionizing the gaming landscape and fostering a new era of digital ownership. As the collaboration unfolds, the gaming community eagerly anticipates the innovative experiences that will emerge from this dynamic synergy.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.