Based on the OP Stack rooted BNB Chain | Cocos - BCX launched L2 will be key to Web3 game to break the circle?

Source: Cocos-BCX

Incremental users can be said to be the ultimate proposition that every Web3 player dreams of solving. The influx of a large number of users, higher market heat, larger capital volume and stronger product iteration driving force followed. In the face of this proposition, games with more than 3 billion players worldwide have long been seen as the key to attracting incremental users to Web3.

Heading into 2023, the concept of AI comes first, followed by Optimism, and the gaming circuit is once again in the spotlight... As the market gains momentum, gaming digital economy platform Cocos-BCX has formed a strategic partnership with NodeReal to build the first games-centric Optimistic Rollup in the BNB Chain. As soon as the announcement was made, it got a lot of attention and raised expectations for the future of Web3 games in 2023.

Cocos-BCX was born in 2018 as a gaming digital economy platform focused on gaming's vertical track, raising $40 million from Binance Labs, NEO Global Capital and others in the same year. Cocos-bcx chooses the open source engine of Cocos, the world's top game development service provider, as the technical support for game development. With the help of the Cocos engine, which has more than 1.6 million developers and more than 1.6 billion terminal devices in the world, it builds an efficient bridge for traditional game developers to enter web 3. It has also contributed to the growth of the web 3 gaming world.

Therefore, starting from Optimistic Rollup, this paper hopes to explore the selling points, difficulties, pain points and blind spots of the development of Web3 games as well as the feasible ideas put forward by the pioneer explorers of Web3 games represented by Cocos-BCX. In this way, the development trend of 2023 game track is more accurate and clear.

The pitch: Analyzing the potential of Web3 games in terms of incremental users

Nintendo's annual Switch Game User report released in 2022 shows that the total number of Switch users is over 100 million per year; In contrast, Axie Infinity, as a "Web3 loop-breaking" chain game, has a peak daily active users of about 3 million.

Although there is a significant difference in user size between Web2 and Web3, it just shows that Web3 has billions of users yet to be discovered. And the game, is Web3 chisel Web2 flow pool a sharp axe.

The reasons behind this are as follows: on the one hand, according to the data of Newzoo, there will be more than 3 billion global game players in 2022. The natural traffic pool formed by the huge global game players can provide a steady stream of new users for Web3 games; On the other hand, compared to Web2 games, Web3 games exist on the blockchain in the form of smart contracts, with decentralization, digital rights confirmation, no permission, and composability. Web3 games are highly attractive to players, especially those whose game assets are infringed by the platform.

The passion of users for gaming is fully demonstrated in Web3: even in the deep Bear phase in 2022, the total daily wallet activity of on-chain games still reached 800,000, accounting for nearly 50% of the total daily wallet activity of blockchain. Industry head VC also showed great enthusiasm for Web3 games, everyone hopes to become a killer game builder, not only lead Web3 out of the circle, but also lead the global game reform and development.

As early as 2018, when GameFi was born, Cocos-BCX was deeply aware of its huge development potential and chose Cocos, the world's top game development service provider, to provide Web3 games-related services to the market. The outstanding market performance has also made it repeatedly selected as the BNB Chain ecological excellent project.

However, behind the high expectations, Web3 games are not quite as good as they should be.

Difficulty: Analyze the dilemma and breakthrough of Web3 games from the perspective of technical feasibility

The difficulty for the development of Web3 games is that the current blockchain performance cannot support more sophisticated game operation, let alone bring smooth experience to a larger number of users.

On the one hand, as the birthplace of GameFi, Ethereum games used to be available on Web3  The world was once full of empty Spaces, but as more games were created and more players poured into Ethereum, network congestion, speed delays and high Gas caused by insufficient performance became apparent. Normal operation could not be guaranteed, let alone immersive gaming experience.

On the other hand, with limited capabilities, developers have made profitable choices, and the narrative focus of games is more "P2E". Compared to good Web2 games, most Web3 games are shodily made, and many times we feel like we are not playing games, but participating in DeFi projects. This further reduces the experience of Web3 game players, resulting in a serious loss of Web3 game users.

How can a game: continue Web2's slick production and smooth experience, but also take advantage of Web3's decentralization?

In response to this problem, gaming digital economy platform Cocos-BCX has partnered with Web 3 infrastructure provider NodeReal to create the first games-centric Optimistic Rollup on the BNB Chain, Create new space for Web3 games.

We know that Ethereum's inefficiency kicked off the battle for new public chains and the rise of L2:

Among the new public chains, BNB Chain, based on Binance, a leading global trading platform, has smart contract capabilities and is compatible with Ethereum EVM, making it easy for developers to port their projects from Ethereum. Transaction processing speed is 35 times that of EVM, and transaction costs are almost negligible.

Optimism in L2 uses Optimistic Rollup architecture, which greatly reduces usage costs and latency while maintaining security. There is also a focus on Optimism and modularity of the OP Stack, which builds a more expressive and precise Rollup chain by building a standardized set of open source modules.

L2 by Cocos-BCX is a combination of BNB Chain and Optimism. Built on the open source OP Stack, L2 aims to be a platform that focuses on gaming, which is secure, low-cost and developer friendly. Based on this, we will build an open and interworking "super chain" to bring the next billion users to Web3.

High performance and low Gas is one of the core advantages of Cocos-BCX L2: The Cocos-BCX L2 is the first gaming-centric Optimistic Rollup built in the BNB Chain, capable of providing full EVM equivalence at a very low cost, with TPS exceeding 10K and Gas reduced by 10-100x.

Open and open source is an important goal of Cocos-BCX L2: Based on the open source OP Stack modular framework, Cocos-BCX L2 will be extremely scalable in terms of settlement, data validity and execution in the future, enabling simple and secure access to L1 and L2, Developers can also easily set up Gas transactions for DApps through apis for account abstraction and securely build multi-link applications using easy-to-use Bridges.

In addition, Cocos-BCX L2 will also provide a series of easy-to-use development kits to help developers further lower the barriers to development and make it easier to build game projects, so that Cocos-BCX L2 can act as a "bridge" to better embrace the broad L1 and L2 ecosystem.

Born of a combination of BNB Chain and Optimism, Cocos-BCX L2 is a developer-friendly gaming platform that is a good solution for high performance, low Gas Web3 games. But beyond technical performance, Web3 games face a high barrier to entry. How to lower the threshold? Cocos-BCX L2 also offers a range of solutions.

Pain points: Analyzing incremental user acquisition challenges from experience thresholds

As stated in VISA's Cryptocurrency Phenomenon: Consumer Attitudes and Usage report:

Fifty-five percent of non-crypto users cited the steep learning curve as the reason they haven't invested in cryptocurrencies.

The high threshold is like a gap between Web2 and Web3 users. A user who has never been exposed to Web3 games needs to learn how to use a wallet, create an account, protect a private key, understand the Gas computing mechanism, and need frequent signature authorization. In the context of multi-chain development, many users will be dissuaded by the high threshold to walk in the dark forest of encryption in the face of numerous and constantly emerging new narratives, new concepts and new projects.

Cocos-BCX L2 is designed to lower the barrier to entry and bring Web2 gamers to Web3 with high quality games, GameFi Wealth effect, NFT assets and other highlights.

From the user's perspective:

As a traffic entry, lowering the threshold of wallet usage directly lowers the threshold of Web3 gaming experience, while the social recovery wallet supported by Cocos-BCX L2 and the helpless word memorization scheme brought by MPC are the basis for the mass adoption of Web3. By adding a wallet guardian, social recovery wallet is easier to operate and safer than traditional wallet. The MPC private key is calculated by multiple parties to avoid the single point of accident caused by the loss/theft of the user's private key.

In the future, Cocos-BCX L2 will further explore account abstraction in terms of lowering the threshold and improving the experience, using simple developer apis to set up Gas transactions for DApps for account abstraction, and using Bridges to securely build multi-chain applications that enable users to interact with the main network in an intuitive way. Thus, users can accurately control the key permissions of the account.

In addition, lowering the gold threshold is also one of the key aspects of Cocos-BCX L2. By accessing the traditional Web2 payment method, users can experience smooth interactive experience like King of Glory buying skin and Peace Elite buying clothes.

From a developer's perspective:

First, Cocos-BCX L2 is built on the open source OP Stack and has a large, thriving, transparent, productive community of the industry's top developers, which is an extremely valuable learning resource for developers.

Not only that, Cocos-BCX L2 will provide developers with a range of comprehensive, practical and simple tools, including social login/recovery, integrated Developer IDE, built-in NFT toolkit, VRF, and more. Also integrated with high-performance, decentralized storage solutions such as Arweave, Storj, and BNB Greenfield, developers build games as if they were building building blocks with these practical tools, significantly lowering the barriers to entry and making project construction more efficient.

It is worth mentioning that Cocos-BCx developers can also enjoy the powerful game development capabilities provided by Cocos, based on the game development service platform Cocos. For example, cross-platform graphic creation platform COCOS CREATOR, cross-platform game solution COCOS2D-X, installation-free commercial SDK COCOS RUNTIME, etc., thus further lowering the development threshold and improving game quality.

Blind Spot: Analyzing the opportunities and challenges of Cocos-BCX from the perspective of market uncertainty

After discussing technology and barriers, we focus on market issues.

The exchanges are clearly active in the near-white-hot L2 debate: In addition to Cocos-BCX partnering with NodeReal to launch the first gaming-centric Optimistic Rollup on the BNB Chain, Coinbase announced the launch of its Base Testnet, following Bybit's announcement of an incubation L2 project.

From the fierce competition, it is not difficult to see the determination of the world's leading exchanges to further enhance their market influence and share through L2, but also to see the huge development prospects of L2 for a long time in the future.

In addition, as an Optimistic Rollup built on the BNB Chain, Cocos-BCX L2 can also achieve better development relying on the nutrients of the BNB Chain:

On the one hand, Binance's large user base provides a large user base for games built on Cocos-BCX L2, with developers able to serve over 110 million verified users;

On the other hand, with access to BNB Chain products, users, and tools, Cocos-BCX L2 can easily build decentralized applications, seamlessly integrate with BNB Chain products, and easily access the Binance ecosystem's nearly $100 billion assets.

Cocos-BCX L2 itself has the advantages of high performance, low Gas, and low threshold. Choosing a project based on Cocos-BCX L2 is equivalent to standing on a higher starting point to bring users a smoother experience. In addition, Cocos-BCx chose Cocos, a gaming services platform with 1.6 million developers, to select a large and thriving community of game developers and technology that far exceeds the industry level:Cocos2d-x is an open source, stable and easy to customize cross-platform game solution launched by Cocos, which provides C++, Lua and JavaScript programming language interfaces. Cocos Creator is an efficient, lightweight, free and open source cross-platform graphics engine and real-time 3D content creation platform, which is perfectly competent for 2D and 3D game development. In addition, Cocos has strong technical capabilities in the fields of XR, avatars, metaverse, and education.These practical game services with high technical threshold are not only the key factors for developers to build high-quality Web3 games, but also further establish the important position of Cocos-BCX to become the preferred platform for Web3 game developers.

With Cocos as a strong support force and based on the ecological incubation of BNB Chain, Cocos-BCX L2 has the natural gene and profound strength to become a digital economy platform for games, no matter for Web2 or Web3. Looking ahead, Cocos-BCX L2 will continue to take BNB Chain products, users and assets as seeds to work with the wider community, so as to build a more open, innovative and prosperous gaming community, and welcome more game developers/enthusiasts/practitioners to see the advantages of Cocos-BCX L2, Join Cocos-BCX L2 for the next round of Web3 gaming revolution.

conclusion

Looking ahead to 2023, the market has high expectations for Web3 games: it hopes to further solve the performance and threshold problems, create a truly well-made, playable and fully display the charm of Web3, and guide more users into Web3.

To be sure, there are a lot of people in the market who are already working in this direction, and the Cocos-BCX L2 is one of the best in terms of infrastructure optimization. It is built on top of the open source OP Stack, which has the advantages of security, low cost and developer friendliness. It aims to become a platform focused on gaming, and from this, build the open and interworking "super chain" to bring the next billion users to Web3.

It can be said that Cocos-BCX L2, as the platform hosting web 3 games, is ready to face this change in Web3 games, are you ready to join?

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