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Former Sega & Atari Executive Joins the NFT Gaming Boom

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As part of its foray into the burgeoning non-fungible-token (NFT) gaming sector, NFT gaming ecosystem provider 8Hours Foundation appointed Michael Katz as a member of its advisory board.

Katz has a long 25-year tenure within the video game entertainment sector, including top roles in major gaming companies. He was the former president of Atari Video Game Division, president of SEGA in the U.S., and Mattel’s marketing director. 

The 8Hours Foundation hopes to strengthen the adoption of its brand-new products launched under the brand VIMWorld with Katz’s addition to its board.

VIMWorld is a non-fungible token ecosystem that provides a system of authentication that allows owners to store and build value through different connections among gaming entrepreneurs.

The 8Hours Foundation’s advisory board includes former executives from mainstream gaming franchises such as Call of Duty, Guitar Hero, and Tetris.

A representative from the foundation commented on the Katz’ incorporation into their advisory team:

“His [Michael Katz] industry weight is unmatched, having been part of some of the most successful novel product launches in gaming history. With extensive experience working at the head of Atari, SEGA and Mattel, we are confident Michael’s advisory will prove indispensable for our future success, having already led major gaming companies to new heights and product areas.”

In another recent announcement within the blockchain gaming industry, BBC Studios entered the blockchain gaming space on August 13 after partnering with Reality Gaming Group to develop a digital trading game for the popular TV series, Doctor Who.

This marks the first time that the British public service broadcaster has used blockchain technology to market their intellectual property.



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A review of SushiSwap roll-outs

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Launched in August 2020 as a fork of the Uniswap decentralized exchange, SushiSwap briefly surpassed its competitor. Now ranking third behind Uniswap’s v3 and v2, the DEX rolls out numerous integrations with major networks beyond its native Ethereum blockchain to offer users a single entry point and lower fees. 

The SushiSwap protocol is one of the largest proponents of a multi-chain future in decentralized finance as the DEX is already live on Ethereum, Binance Smart Chain, Polygon, Avalanche and Fantom. Data by Covalent provides insight on SushiSwap across these five chains.

Data reveals the most popular chain by the number of swaps executed daily is Polygon, as the protocol usage skyrocketed in May. Polygon continues to set new records as it hosted 120,000 swaps on SushiSwap recently.

Left far behind, Ethereum ranked second as of June 2021 by daily swap count. Fantom and Avalanche tend to follow the same trend as Ethereum, although the gaps among the three have been widening since the active trading days in late May. Avalanche and Fantom even outstripped Ethereum by the number of transactions on May 19, when a market-wide liquidation frenzy occurred.

A closer look at daily swap volume shows a different story. The dominance of Ethereum in SushiSwap had been unshakable for a long time, with the peak of trading volume at almost $3 billion on May 21. However, Polygon overtook Ethereum by swap volume in June with a $420-million mark, which highlighted the rapid take-off of the layer-two scalability solutions. 

The reduction of transaction costs is the major driver behind the adoption of a multi-chain approach. SushiSwap has achieved this by offering options outside of Ethereum. Data on gas usage on Ethereum and other chains could not even be compared in one chart due to a dramatic difference in numbers.