B3 Gaming Chain to Launch its Native Token, Coming Soon

B3, a Layer-3 gaming chain built on Ethereum’s Layer-2 network Base, has announced plans to launch its native token designed to play a central role in its efforts to expand its ecosystem.

Developed by a team of former Coinbase employees, B3 is designed to provide a more affordable and efficient platform for on-chain gaming, offering faster and cheaper transactions than Ethereum’s mainnet.

The token is intended to serve as an incentive for developers and players, with more details expected to be revealed soon.

What is B3?

B3 is a gaming-focused blockchain platform built on Ethereum’s Base network.

Launched in August 2024, the platform aims to reduce transaction costs and improve efficiency for gaming applications by leveraging Ethereum’s underlying security whilst offering faster transaction times. B3 focuses on supporting game developers and players by creating an ecosystem tailored specifically to the needs of on-chain gaming, making it easier for game studios and developers to adopt the platform.

Since its mainnet launch, B3 has grown rapidly, attracting over 6 million players and more than 80 games.

What else can we expect from the project?

In addition to the token launch, B3 has several upcoming initiatives aimed at expanding its ecosystem.

The platform is preparing to launch over five new gamechains in the coming months, adding new gaming experiences and content to the network. These gamechains will help broaden the scope of what B3 offers to its users and developers.

B3 has also introduced two reward systems, BP and XP, designed to incentivise players and developers who contribute to the ecosystem. These points can be redeemed for the $B3 token once it is launched, though specific conversion rates have not been disclosed.

Further, B3 launched its gaming arcade, BSMNT (also known as “Basement”), in August 2024, featuring a variety of mini-games. The arcade has attracted developers like Parallel Studios, who plans to release its 3D shooter title Project Tau Ceti on the B3 platform.