Arbitrum-Based Studio Chain Launches to Enhance Crypto in Entertainment
A new blockchain called Studio Chain is launching on the Arbitrum network to explore applications of crypto in the entertainment industry.
The project is a collaboration between Karrat Foundation and Arbitrum Foundation. The KARRAT token, currently used in AMGI Studios' game My Pet Hooligan, which has over 500,000 downloads on the Epic Games Store during early access, will also serve as the native token for Studio Chain. My Pet Hooligan will launch on this new chain.
Key points:
- Studio Chain aims to leverage Arbitrum’s infrastructure for innovative gaming experiences.
- It will allow seamless in-game asset ownership and enhanced interoperability.
- The project faces competition from existing chains like Ronin, Sui, and Immutable.
- 104 gaming-related networks were announced last year, indicating a trend of dedicated chains in the gaming sector.
- Success depends on attracting consistent players and generating revenue.
Currently, major blockchain film or television projects have not gained mainstream traction, despite various efforts in the space.