Australia markets open in 1 hour 52 minutes
  • ALL ORDS

    7,266.60
    -95.30 (-1.29%)
     
  • AUD/USD

    0.6418
    -0.0033 (-0.51%)
     
  • ASX 200

    7,065.20
    -98.10 (-1.37%)
     
  • OIL

    89.58
    -0.05 (-0.06%)
     
  • GOLD

    1,939.90
    +0.30 (+0.02%)
     
  • Bitcoin AUD

    41,431.04
    -802.64 (-1.90%)
     
  • CMC Crypto 200

    566.31
    -9.95 (-1.73%)
     

Cardano Gets On-Chain Gaming Boost as Paima Layer 2 Goes Live

oatawa

Join the most important conversation in crypto and web3! Secure your seat today

A new cross-chain network integration will allow Cardano users to play on-chain games using ADA tokens – and users of other networks to play Cardano-based games.

Paima Studios released this feature for the Cardano blockchain on Monday, developers tweeted. The move is possible because Paima is a layer 2, or an independent network that bundles transactions to a base blockchain for faster speeds and cheaper costs.

Cardano users can play any blockchain-based games without needing to bridge tokens to another network. Paima also supports the migration of games built on other networks to Cardano, allowing users of those networks to play a game based on Cardano without having to move assets.

Bridging refers to transferring tokens between different blockchains. However, bridges carry major security risks and were at the center of some of the biggest exploits in 2022.

As such, Paima said all games on the network are non-custodial, meaning funds remain in the user’s wallets and don’t have to be transferred to the game’s wallets – mitigating security risks.

The release is the latest in a series of network improvements and features for the Cardano blockchain, which may ultimately add value to its ADA tokens.

Last week Milkomeda, another layer 2 network, released a feature that will allow Cardano blockchain users to soon be able to gain access to Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet.

An Ethereum Virtual Machine is where all Ethereum accounts and smart contracts live, serving as a virtual computer used by developers to create decentralized applications, or dapps.

The new feature will allow Ethereum application developers to build on Cardano’s network using Solidity – the computer language used to code Ethereum – without the need to install new toolkits or learn a new computer language, as CoinDesk reported.