HYCHAIN has raised over $8 million to make Web3 game publishing seamless.
Gaming-focused Ethereum L2 high chain We raised over $8 million through node sales. This sale not only highlights the overwhelming support of the community, but also introduces a new model for participation and rewards within the blockchain space.
HYCHAIN’s approach empowers users by allowing them to directly contribute to the security and functionality of the network. Participants can secure the network by running nodes and in return receive rewards from a pool of 250 million $TOPIA tokens. They also take 25% of transaction fees, creating a sustainable model for ongoing rewards.
Within 2 days Node Sale AnnouncementAs mentioned in a statement shared with AlexaBlockchain, HYCHAIN generated 2,098 ETH (equivalent to $8 million at the time of sale).
Of this, $1 million was distributed to creators through a unique system where community members use a creator code at checkout to receive a discount and share revenue with creators.
This initiative not only funded the platform, but also demonstrated the potential of decentralized finance mechanisms to support and grow the gaming community.
ArkDev, co-founder of HYCHAIN, noted that this milestone demonstrates the community’s desire for a new permissionless L2 blockchain tailored for seamless Web3 game publishing.
Building on the momentum of HYCHAIN, leading digital collectible marketplace Magic Eden has partnered with HYCHAIN to enable payments with the $TOPIA token for Ethereum NFTs, along with other major digital currencies. This partnership marks the growing acceptance and utility of the $TOPIA token within the wider digital ecosystem.
With the successful node sale, the HiChain mainnet was launched on March 9th, enabling various functions such as trading, contract distribution, and building new systems. This has been complemented by the introduction of additional features such as block explorers and bridges for interoperability with the Ethereum L1 and Polygon networks.
HYCHAIN’s foundation lies in the team’s extensive experience in developing blockchain solutions for gaming, aimed at solving the onboarding and technical obstacles that hinder the mass adoption of blockchain games.
The platform’s strategic initiatives include MetaFab, a chain-agnostic solution for game development, and HYTOPIA, its title redefining blockchain-based gaming experiences.
With more than 1.2 million players already pre-registered for HYTOPIA’s closed beta last April, HYCHAIN is addressing the void left by platforms like Minecraft, which have faced criticism for limited monetization and creator ecosystem.
HYTOPIA aims to provide creators with a more open and flexible environment with features that can take game and content creation to new levels.
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