1. PixelPlaygroundHome
  2. Blockchain Briefs

Blockchain Data Query Service Platform Integrates Layer2 Solution for GameFi Ecosystem

• Blockchain Briefs • 109 views

It is reported that the blockchain data query service platform, Covent, has announced that it has integrated the Layer2 solution, Arbitrum Nova. Covalent said …

Blockchain Data Query Service Platform Integrates Layer2 Solution for GameFi Ecosystem

It is reported that the blockchain data query service platform, Covent, has announced that it has integrated the Layer2 solution, Arbitrum Nova. Covalent said that this cooperation will focus on expanding the GameFi ecosystem, which will improve the data availability of developers using blockchain technology to build next-generation games.

The blockchain data query service platform, Concurrent, has integrated with Arbitrum Nova

Analysis based on this information:


Covalent, a blockchain data query service platform, has announced its partnership with Arbitrum Nova, a Layer2 scaling solution. The collaboration aims to expand the GameFi ecosystem, enhancing the data availability of developers who use blockchain technology to create games of the future.

The integration of Arbitrum Nova into Covalent’s platform will provide developers with faster and cheaper access to Ethereum data, allowing developers to create games that run smoothly and deliver a compelling experience for players. As more developers are attracted to GameFi, the demand for blockchain-enabled games will increase, creating new revenue streams for developers as well as a new opportunity for investors.

Layer2 solutions such as Arbitrum Nova address the scalability and high cost issues linked with running blockchain applications. The integration of Arbitrum Nova into Covalent’s platform has the capabilities to dramatically reduce the cost of data querying by up to 90%, a win-win for developers who want to bring attractive gaming options to market.

The boom in GameFi, or gaming-based decentralized finance, is a relatively new development, merging gaming technology and blockchain to give gamers access to various financial products and services in a fun, immersive environment. The games build on players’ gaming experiences, carrying over the same concept of “earning rewards” but instead of loyalty points, users earn crypto-based incentives. These incentives are based on a player’s success in the particular game they are playing.

Covalent’s initiative of integrating Arbitrum Nova may pave a path for blockchain developers to create decentralized gaming applications with better user experience and lower costs. The blockchain industry is predicted to disrupt the gaming industry and the traditional finance industry, making blockchain gaming more accessible to the masses.

The industry has been facing a bigger problem of cross-chain integration, as developers tend to focus on only one blockchain, creating centralization issues. However, it seems like the integration of different Layer2 solutions may resolve this problem and help bring about interoperability. Covalent and Arbitrum Nova’s partnership could pave the way for more collaborations in the future.

In conclusion, the integration of the Arbitrum Nova Layer2 scaling solution to the Covalent platform is an optimistic prediction for the future of GameFi. The collaboration is poised to boost the gaming experience of players and the revenue of developers while offering a more economical data query option. This should encourage more people to adopt blockchain gaming while also creating new opportunities for developers and investors.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9136/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/08/2023 04:39
Next 03/08/2023 04:50

Recommended articles