Japanese gaming company Konami is collaborating with Ava Labs to build its own Avalanche subnet. 

Called Resella – check out the Japanese website here – the new blockchain is described as an NFT-solution for developers looking to adopt blockchain technology for their platforms.

Although it doesn’t seem to be a gaming network per se, Resella will essentially enable both web2 and web3 developers to integrate NFTs and set up a marketplace in their apps. This includes third party developers.

Apart from games, the official announcement also mentions “social experiences” and “diverse services”. In addition, Konami hopes to add more utility to existing game NFTs which could potentially serve as event tickets or shop vouchers, and more.

Initially it will target the Japanese market, by facilitating transactions in Japanese Yen.

More details about Resella will be released on 5th July during Japanese crypto conference IVS Crypto 2024.

The post Konami working with Ava Labs to build Resella NFT network on Avalanche appeared first on Top Crypto Game.

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Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.

Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe and Benqi. While popular games on Avalanche includes Crabada.

AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.

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