8.1 C
London
Monday, October 14, 2024
HomeBitcoinWorld NewsTreasureDAO Founder: Migration from Arbitrum to ZK-Sync is Part of a Long-Term...

TreasureDAO Founder: Migration from Arbitrum to ZK-Sync is Part of a Long-Term Strategy

Date:

Related News

South Africa Strengthens Compliance Efforts Targeting Crypto Taxpayers

South Africa strengthens compliance efforts targeting crypto taxpayers, as...

U.S. Crypto Settlements 2024 Surpass $19 Billion, Increasing 78% from Previous Year

U.S. Crypto Settlements 2024: An Overview The landscape of cryptocurrency...

TreasureDAO Founder: Migration from Arbitrum to ZK-Sync is a Long-Term Strategy

TreasureDAO, a prominent blockchain gaming platform, recently announced its plans to migrate from Arbitrum (ARB) to ZK-Sync, a decision that co-founder Karel Vuong has framed as part of a broader long-term strategy. According to Vuong, the move is intended to leverage ZK-Sync’s infrastructure to better support the growth and popularity of web3 games.

Key Reasons for the Migration

1. Infrastructure Focused on Web3 Gaming:

Vuong emphasized that the decision to transition to ZK-Sync was driven by its superior infrastructure for web3 gaming. ZK-Sync offers advantages in several critical areas, including transaction throughput, network size, cost efficiency, user onboarding, and interoperability, all of which are vital for the success of TreasureDAO’s gaming platform.

2. Denial of Ecosystem Grant Motivation:

Addressing speculation that the migration was driven by the pursuit of an ecosystem grant, Vuong firmly denied this claim. He clarified that the choice to move was based solely on ZK-Sync’s ability to provide the necessary infrastructure for scaling web3 games, rather than any financial incentive.

3. ZK-Sync’s Advanced Technology:

Vuong highlighted the cutting-edge development work of Matter Labs, the team behind ZK-Sync, which has been advancing zero-knowledge proof (ZKP) technology for nearly six years. He noted that their expertise in ZKP puts ZK-Sync several years ahead of its competitors, making it the ideal environment for TreasureDAO’s growth.

Strategic Importance for TreasureDAO

1. Scaling Web3 Games:

By choosing ZK-Sync, TreasureDAO aims to tap into a network that offers the scalability and cost-effectiveness needed to onboard more players and developers into the world of blockchain gaming. This is crucial as the demand for high-performance, low-cost web3 gaming platforms increases.

2. Interoperability and Future Growth:

ZK-Sync’s strong interoperability with other blockchain networks and its ability to handle high transaction volumes efficiently provide TreasureDAO with a solid foundation for long-term growth. This ensures that the platform can evolve and expand its ecosystem without being hindered by scalability issues.

3. Positioning for Web3 Gaming Leadership:

Vuong’s comments suggest that TreasureDAO’s migration is a forward-thinking move to position the platform as a leader in the web3 gaming space. By partnering with ZK-Sync, TreasureDAO is ensuring it remains at the forefront of technological advancements in blockchain gaming infrastructure.

Conclusion

TreasureDAO’s migration from Arbitrum to ZK-Sync is a strategic move designed to enhance the platform’s capabilities in web3 gaming. As co-founder Karel Vuong explained, ZK-Sync’s superior infrastructure, scalability, and advanced zero-knowledge proof technology make it the ideal network for TreasureDAO’s long-term growth. With this move, TreasureDAO is poised to solidify its position in the expanding web3 gaming industry.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Trending News

LEAVE A REPLY

Please enter your comment!
Please enter your name here