Polkadot: Powering the Future of Gaming with Smart Contracts and Innovative Projects

• Polkadots role in powering gaming innovation has continued to evolve with its Parachains.

• The protocol has seen a resilience in its price, drawing on broader ecosystem demand on DOT.

Polkadot (DOT), a popular blockchain platform stands out as a promising force driving innovation in gaming through its robust infrastructure and support for smart contracts.

This article looks into smart contract chains with game applications, and game-specific chains Polkadot has supported in the past.

Innovative Projects on Polkadots Ecosystem

Some of the game applications and innovative projects connected to Polkadot as revealed on its official X account include the Ajuna Network, Astar Network, Moonbeam Network, playmythical, neurolanche, amongst others.

World-view of gaming on Polkadot ????

Polkadot supports smart contract chains with game applications, game-specific chains, and development frameworks leveraging Polkadot tech.

— Polkadot (@Polkadot) April 8, 2024

Per Crypto News Flash‘s earlier announcement, Polkadot announced that the ecosystem already contains over 20 parachains, including initiatives like Astar Network and Ajuna Network. The inclusion of parachains is important for Polkadot’s price movement as the new networks increase activity and drive demand, boosting Polkadots value for its investors.

Ajuna Network is a Switzerland-based decentralized gaming platform that permits blockchain gaming into the mainstream by integrating gaming functionality with the worlds leading development engines, Unreal and Unity. Ajuna, which is based on Substrate, makes use of the whole Polkadot ecosystem to give developers a customizable toolkit for their blockchain games.

Ultimately, Ajuna aims to create an interoperable, decentralized gaming ecosystem that allows the exchange of virtual goods.

For Astar Network, its Zero-Knowledge (ZK)-powered layer-2 chain was created using Polygon CDK. As formerly reported by Crypto News Flash, Astar network revealed that the zkEVM Testnet went live in December.

The testnet, named zKatana, was created to assist businesses in implementing new and innovative web3 strategies to accelerate acceptance for their respective institutions. Following the partnership with Polygon, Astar Networks native token, ASTR, saw an increase of 26% within a week, as previously reported by Crypto News Flash.

Similarly, the Moonbeam Network is a Pokadot parachain built for developers. The network streamlines the developer experience by integrating full Ethereum compatibility with Polkadots scalability, cross-chain integrations, and on-chain governance. Previously, parachains on Polkadot had no easy way to access external assets and users without requiring additional integrations with bridge providers.

However, the introduction of Moonbeam Routed Liquidity changes thereby allowing HydraDX users to bring in crypto liquidity from platforms such as Ethereum, Solana, Polygon, or Avalanche, all without the need to create a Moonbeam account or interact directly with the Moonbeam platform. Notably, Polkadot‘s Moonbeam has been displaying its might in the blockchain industry, celebrating over $10 million in total volume in January, per Crypto News Flash’s earlier announcement.

It is worth noting that Beyond gaming-specific innovations, Polkadots ecosystem is rich with tools and resources that enable developers to investigate new uses for blockchain technology.

DOTs Price Movement

The aforementioned innovations are reflecting positively on DOT, the native cryptocurrency of Polkadot.

The digital currency is exhibiting a bullish momentum, trading at $8.95, thus demonstrating an increase of 3.95% in the past day. Additionally the market capitalization has increased by 3.9% to $12.7 billion, while trading volume surged by an astounding 27.5% to $216 million.

This remarkable performance comes on the heels of a 19.25% drop last month. Nonetheless, DOT is predicted to climb to $10.8 by April 10, 2024.

Polkadot Price Chart. Source: CoinCodex