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Market News Ring of Merit Sphere NFT Marketplace of DAO Will Provide Backing for Immutable's zkEVM Network.

Ring of Merit Sphere NFT Marketplace of DAO Will Provide Backing for Immutable's zkEVM Network.

In an effort to promote gaming diversity and innovation, Merit Circle DAO, a blockchain gaming constructor employing a multi-chain strategy, has declared that its Sphere NFT marketplace and Beam SDK will be compatible with Immutable's zkEVM network, powered by Polygon.

TOP1 Markets Analyst

2023-12-07

7546

Merit Circle DAO has reportedly informed Decrypt that its Sphere NFT marketplace and technology stack are now compatible with Immutable's forthcoming zkEVM network, which is powered by Polygon. Beam Companion for iOS and Android, the Beam SDK, and Sphere are all expected to function with Avalanche and Immutable zkEVM. Beam SDK and Sphere will also incorporate the Immutable Passport cryptocurrency wallet and Immutable Orderbook developer tool as alternatives for consumers and blockchain game developers.

Merit Circle DAO, whose treasury currently holds assets worth more than $100 million, is investigating the possibility of investing in various studios and titles that it has already partnered with Immutable. Marco van den Heuvel, chief growth officer and co-founder of Merit Circle, predicted that in the near future, blockchain technology will revolutionise the gaming industry, and that their user-friendly applications, in conjunction with Immutable's zkEVM powered by Polygon, will be a crucial component of the gaming puzzle.

Heuvel clarified that Beam will maintain its relationship with Avalanche and its endeavours on the Beam subnet will not change. Presently, approximately twenty games are in the process of developing crypto integrations with the Beam subnet. Ring of Merit Recent examples of blockchain gaming developers employing a multi-chain strategy include the Portal Foundation, Horizon's Sequence, and Magic Eden, in addition to DAO.