Uprising: The Layer 2 For The Next Step In Web3 Gaming

Published: July 01, 2024 at 4:00 am Updated: June 28, 2024 at 12:15 pm

While there were no placards, the gaming sector has witnessed a continuous “up-rising.” From Atari joysticks to virtual reality headsets, the gradual transformation in the industry has created a more democratized experience and a global audience that has turned to high-definition realism to pass the time.

With the gaming revolution, the advent of blockchain and NFTs created a bridge between gaming and the new iteration of the internet. This development led to the play-to-earn gaming model, allowing players who previously had no control over their data and in-game assets to now trade these assets and participate in gaming while earning rewards.

Web3 gaming has focused on scalability, cost-effectiveness,ownership and security. No solution in the sector has been more refreshing than the approach of Uprising.

Dubbed the “next step in gaming evolution,” Uprising is a Layer 2 blockchain designed to be the world’s first multichain native yield gaming blockchain. It is built as a value-based blockchain where players can earn rewards through contributing to the chain. Uprising is layered on the Oasys Layer 1 POS EVM blockchain, secured by gaming giants including Sega, Square Enix, Bandai Namco, and Ubisoft.

Gaming is at the core of Uprising. The L2 blockchain focuses on scalability and mass adoption for gamers and developers. Players and the community will enjoy a gas-free platform with a multichain native yield mechanism.

This gaming-focused platform is the work of industry leaders with years of experience in building and launching Web3 products and Web2 AAA games. Hence, the onboarding experience is seamless and democratized with few barriers to entry—no special wallets and no ridiculous gas fees.

Being the first and only multichain native yield gaming blockchain, Uprising is designed to be the one-stop-shop for gamers and developers looking to build on the blockchain. Its vision is to be the ultimate gaming chain, both in technology and ecosystem.

Uprising achieves this by integrating two key components:

Uprising is a gaming-first platform that combines the open-source OP stack from Optimism and Avail’s Data Availability Layer, making the layer 2 chain 100% EMV-compatible.

OP stack also supports Uprising’s mission of a stable platform, as the stack updates in place without disrupting the smooth operation of the gaming platform. It also excels as a gaming platform that allows bridging different chains for faster exchange and transactions.

Native Yield Mechanism:

The second and most important component of Uprising is its revolutionary multichain native yield mechanism. This mechanism solves the problem of earning APY through staking while remaining liquid.

The Oasys L1 chain, which is the foundation of Uprising, has validators like Sega, Bandai Namco, Ubisoft, Square Enix, etc. These validators pay users 9% APY, triple the rate of validators staking on Ethereum, who typically pay around 3% APY. Uprising plans to add more chains to earn additional yield.

“Multichain Native yield chains solve the problem of earning APY through staking while remaining truly liquid. For example, when bridging onto Uprising L2, your Oasys OAS tokens are staked into the Oasys L1 validators run by Sega, Bandai Namco, Ubisoft, Square Enix, and others. These L1 validators then return a 9% APY to the user, almost triple the rate of validator staking on Ethereum. This is just the first of many chains we are adding!,” explained Eric Vander Wal, CEO and founder of Uprising Labs.

Users who bridge their tokens to the platform will also be rewarded with Uprising’s own native token.

These two key components, plus its permissioned, secure, and gas-free properties, make the new platform stand out.

Uprising believes that taxing the end user via gas fees is not sustainable for the long term growth of Web3. Gas fees are barriers to entry for new gamers, as they have to go through a bridge or centralized exchanges before they can onboard. For people not familiar with crypto platforms, this can be a deal breaker.

Since there are no gas fees, there is no need for special wallets for gamers or account abstraction for developers.

Swapping on the platform does not require gas, making token bridging seamless, multichain, and fast.

To ensure the platform is secured, Uprising requires developer addresses to be whitelisted before smart contracts are deployed. Developers must provide KYC with an approved third-party protocol or registered legal company documentation before getting whitelisted on the Uprising chain. This provides a more safe play environment that mainstream gamers demand.

Whitelisting is for developers only. General users and gamers will enjoy a frictionless and safe onboarding experience to the platform.

Uprising is the fruit of the partnership between industry giants from web3 and traditional gaming studios. The platform is secured by partnerships with both telecommunication firms such as, Softbank, KDDI, NTT Docomo, and gaming giants.

The team is led by Eric Vander Wal, CEO and founder of Uprising Labs. Eric possesses over 25 years of development experience and has held positions such as VP of Ecosystem at Oasys L1, Head of Product at Mantle L2, and Director of Developer Relations at Nervos L1, among others.

Uprising was co-founded by Ryan Waller, a veteran game publisher with more than 20 years of experience and over 90 titles on all major consoles, PCs, and mobile platforms to his credit.

Mike Wallis serves as the Head of Product. He is also the Director of Product at Sony PlayStation Live Ops (Helldivers 2) and former Director of Product at Blizzard (Diablo 4 Battlenet).

Joon Yoon, who holds a Ph.D. in Economics from Stanford and leads token economics at The Sandbox, heads tokenomics for Uprising.

The team also includes senior leadership from Coinbase Cloud, Gamestop, Based VC, and more.

Uprising presents itself as the solution to Web3’s gaming problems. The platform removes the frustration of gas costs, secures the user from attacks, and creates an innovative experience with its multichain native yield mechanism. In the current Web3 ecosystem, this offer is too sweet to pass by—it’s time to join the evolution of gaming.

“Our main goal, beyond creating a sustainable token economy, is to share value back with our players. All game platforms exist in a symbiotic relationship with their players, and we recognize the need to include them in our successes,” noted Eric Vander Wal, Uprising Founder.

Disclaimer

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About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.