{"id":264735,"date":"2022-09-28T17:10:22","date_gmt":"2022-09-28T16:10:22","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=264735"},"modified":"2022-09-29T17:28:47","modified_gmt":"2022-09-29T16:28:47","slug":"klaytn-launches-gas-fee-rebate-program-for-web3-gamers","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/klaytn-launches-gas-fee-rebate-program-for-web3-gamers\/","title":{"rendered":"Klaytn launches gas fee rebate program for Web3 Gamers"},"content":{"rendered":"

Korean-based blockchain Klaytn<\/a> has launched an initiative to allow Web3 gaming companies to build on its network to offset gas fees for gamers.<\/p>\n

Unlike traditional games, gamers in Web3 need to purchase cryptocurrency to pay for gas fees before playing a game. Moments of high network activities such as the OtherSide NFT<\/a>\u00a0mint have seen gas fees on Ethereum spike to as high as $3,000 per transaction.<\/p>\n

Klaytn announced<\/a> on Sept. 28 that it will provide gas fee rebates for gamers and developers building on the network.<\/p>\n

Klaytn will offer up to $100,000 worth of KLAY<\/a> tokens to cover gas fees for gamers and contract fees for developers monthly.<\/p>\n

Selected game companies will be eligible for a 100% offset of their gas fees incurred from\u00a0January 2022<\/span> onwards.<\/p><\/blockquote>\n

The rebate will enable gaming companies to focus on growing their ecosystem, while the Klaytn Growth Fund offsets the gas fee.<\/p>\n

Klaytn has been advocating for a lower gas fee for Web3 gamers. It earlier introduced the gas fee delegation feature, allowing crypto companies to pay for users' gas fees.<\/p>\n

According to Klaytn, its gas fee support program is to help remove the fee barrier impeding the wider adoption of Web3 games.<\/p>\n

Head of Global Group Klaytn Foundation David Shin said the initiative is part of Klaytn vision to build a dynamic gaming ecosystem for more players.<\/p>\n

He added:<\/p>\n

“Through our gas fee rebate program, we hope to provide more players with opportunities to explore the wonders of Web3 gaming.”<\/p><\/blockquote>\n

Klaytn has partnered with leading traditional gaming companies Netmarble and Neowiz to develop Web3 games on the network.<\/p>\n

Web3 Games on the rise<\/h2>\n

A recent report by Footprint Analytics<\/a> indicates that an average of 1.03 million users engage with Web3 games, which generate approximately $1 billion daily.<\/p>\n

In August 2022, the GameFi market grew by 28%, with Splinterlands and Alien World welcoming more users.<\/p>\n

Despite the declining market conditions, investors are still betting on the future of Web3 games. Gaming studio Limit Break received $200 million, while Animoca Brands pocketed some $45 million.<\/p>\n

Major traditional gaming companies such as Netmarble, and Ubisoft have also hinted at plans to venture into Web3 games.<\/p>\n","protected":false},"excerpt":{"rendered":"

Korean-based blockchain Klaytn has launched an initiative to allow Web3 gaming companies to build on its network to offset gas fees for gamers. Unlike traditional games, gamers in Web3 need to purchase cryptocurrency to pay for gas fees before playing a game. Moments of high network activities such as the OtherSide NFT\u00a0mint have seen gas […]<\/p>\n","protected":false},"author":1378,"featured_media":264832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76844,77252],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nKlaytn launches gas fee rebate program for Web3 Gamers<\/title>\n<meta name=\"description\" content=\"Klaytn will offer up to $100,000 worth of KLAY tokens to cover gas fees for gamers and contract fees for developers monthly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/klaytn-launches-gas-fee-rebate-program-for-web3-gamers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Klaytn launches gas fee rebate program for Web3 Gamers\" \/>\n<meta property=\"og:description\" content=\"Klaytn will offer up to $100,000 worth of KLAY tokens to cover gas fees for gamers and contract fees for developers monthly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/klaytn-launches-gas-fee-rebate-program-for-web3-gamers\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-28T16:10:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-29T16:28:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/09\/klaytn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/klaytn-launches-gas-fee-rebate-program-for-web3-gamers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/klaytn-launches-gas-fee-rebate-program-for-web3-gamers\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#person\",\"name\":\"Christian Nwobodo\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"caption\":\"Christian Nwobodo\"},\"jobTitle\":\"Journalist\",\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. 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