What is Ancient8 Chain?

Ancient8 Chain is a Layer 2 network based on Ethereum, using the OP Stack and Celestia technologies, specifically tailored to the needs of Web3 games and consumer DApps. Ancient8 Chain is committed to providing a high-speed, low-cost transaction experience, while offering developers the most cutting-edge technical tools, especially in the field of on-chain game development.

In January 2022, Ancient8 successfully completed a $4 million seed round of financing led by Dragonfly Capital, Pantera Capital, and Hashed. In June of the same year, it raised $6 million in a private placement round led by Makers Fund and C² Ventures, with participation from Pantera Capital, IOSG Ventures, Folius Ventures, Sky9 Capital, among others.

The innovative advantages of Ancient8 Chain

Source:Official x

1. Modular design
   Ancient8 Chain combines OP Stack with Celestia to create a highly flexible microservice architecture. This modular design allows each functional component (such as data availability, ordering, execution layer, etc.) to operate independently, making it convenient for rapid technology updates and feature expansion. The addition of Celestia ensures greater data availability, further enhancing the network's scalability and future adaptability.

2. Scalability and throughput advantages
   By adopting Optimistic Rollups technology, the execution efficiency of smart contracts on the Ethereum Virtual Machine (EVM) has been significantly improved, greatly increasing transaction throughput. By combining state channels and off-chain computing, Ancient8 Chain eliminates the congestion issues on the Ethereum mainnet, ensuring a smooth experience for blockchain networks even as demand for games and DApps surges.

3. Low-cost trading experience
   Ancient8 Chain pays special attention to providing users with a low gas fee blockchain environment. With optimized scaling solutions, both players and developers can enjoy efficient and low-cost on-chain interaction experience.

4. EVM compatible
   Ancient8 Chain is fully compatible with the Ethereum Virtual Machine (EVM), which means that existing Ethereum projects can be seamlessly migrated to Ancient8 Chain. This technical compatibility simplifies code migration and infrastructure adaptation, providing great convenience for developers.

5. Ancient8's comprehensive growth layer suite
   Ancient8 also provides a variety of tools and services including Dojo Market, Space3, Ancient8 Gaming, etc., to help developers in all aspects from creative ideas to market promotion, creating a comprehensive ecosystem for game development and release.

The ecosystem of Ancient8 Chain

Source:Official Documentation

The Ancient8 Chain ecosystem is committed to creating a comprehensive and innovative Web3 gaming and decentralized application (DApp) platform, providing players and developers with rich experiences and powerful support. The games in the ecosystem cover multiple genres to meet the needs of different users. For example, Tellar Forger is an AAA-level Roguelite adventure game where players will master their own destiny and decide the future of the universe. Zone Nine is the world's first Web3 zombie survival game IP ecosystem, bringing players survival challenges in the zombie apocalypse. PokeyQuest combines RPG adventure with social finance 3.0, allowing players to enjoy the fun of social interaction while expanding their own monster universe. Games like Onchain Clash and Pirate Clash provide players with strategic and interactive gameplay through on-chain mechanisms and resource conquering elements.

In addition to games, the Ancient8 ecosystem also includes a series of growth tools that help developers and players get better development opportunities in the Web3 era. Space3 is a leading Web3 game distribution platform that attracts global players through gamified distribution experiences; Reneverse provides immersive in-game advertising and product implantation infrastructure, creating a new advertising experience; Ancient8 Gaming is a global gaming community where players can not only discover new games, but also get rewards by participating in community interactions. In addition, A8 ID serves as a decentralized identity verification tool, helping players establish their own digital identities in the Ancient8 Layer 2 ecosystem, while Gosu Network empowers content creators and anchors through a creator DAO platform, promoting the development of Web3 creation economy.

In general, the Ancient8 Chain ecosystem not only provides players with a rich and diverse gaming experience, but also provides comprehensive tool support for developers, promoting the innovation and development of Web3 games and decentralized applications.

A8 Token Economics

A8 is the core token of the Ancient8 Chain ecosystem and plays a crucial role in the ecosystem as an ERC-20 token. The total supply of A8 tokens is 1 billion, aimed at promoting community participation and ecosystem development through incentive mechanisms.

A8 token's functions and uses:

1. Governance Function: A8 token holders play a crucial role in the Ancient8 ecosystem, being able to propose suggestions and vote on important project decisions through decentralized governance.
2. In-game and product features:
   1. NFT Minting: Users can use A8 to mint unique NFTs, enriching Ancient8's digital asset ecosystem.
   2. In-game transactions: Players can use A8 for various in-game purchases to enhance the gaming experience.
   3. Ancient8 On-Chain Product Subscription: With A8 subscription, users can access exclusive features and content on Ancient8 blockchain.
3. Exclusive Benefits: Users holding A8 will enjoy the following exclusive benefits:
   1. Event Participation: You can participate in special events organized by Ancient8.
   2. Early access: Be the first to experience new products or features.
   3. Customized Content: Access tailored content for A8 holders.
4. Value capture: With the expansion of the Ancient8 chain, A8 holders will continue to benefit from the development of the ecosystem, gaining more value and use cases.
5. Pledge function: Pledging A8 tokens will receive various rewards and benefits, including:
   1. Diverse use of staking points: Staked points can be flexibly used in the ecosystem.
   2. Contributor Recognition: In the Ancient8 ecosystem, contributors will receive more rights and in-game privileges.
   3. Advanced in-game benefits: Obtain exclusive privileges in the game through staking to enhance the gaming experience.
   4. Priority access to new products: Priority access to new products and features.

Distribution method of A8 token

Source:Official Documentation

• 32% is used for community and ecosystem development, ensuring the sustainable growth of the project.
• 10% is used for seed round financing to support the initial capital needs of the project.
• 6% is used for private placement financing to support development and promotion.
• 20% is allocated to team members to incentivize long-term commitment.
• 2% is allocated to advisors, recognizing their strategic role in the project.
• 5% is used for public distribution, encouraging wider community participation.
• 10% is used for liquidity provision to ensure market stability.
• 15% is reserved for fiscal reserves to support future development needs.

The token vesting schedule of A8 is designed to ensure the alignment of incentives for the team and advisors with Ancient8's long-term vision. The tokens will be released in stages, with a vesting period of 48 months, which helps to enhance community trust and ensures that the team remains focused on driving sustained growth and innovation.

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Conclusion

Ancient8 Chain provides an efficient, low-cost, and scalable platform for Web3 games and decentralized applications (DApps) through its innovative technological architecture and comprehensive ecosystem construction. Its modular design, excellent scalability, and low-cost transaction experience make it a future leader in the blockchain gaming and digital entertainment industry. With the continued development and innovation of Ancient8 Chain, the future ecosystem of Web3 games will witness more exciting changes.