A lot happened in October – if you didn´t had the time to follow GAT Network´s activities closely here is a retrospective for October:
Cross-chain GAT and NFTs: Bridge to Ethereum and Polygon goes live
The waiting was definitely worth it! The new bridge infrastructure that has been developed will allow us to easily add new chains and serve as a basis for upcoming Minted Vodka features in a multi-chain environment.
We have added 3 initial networks to the bridge: Binance Smart Chain, Ethereum and Polygon. Other networks can be added fast and with relatively low effort in the future. Ethereum and Polygon were selected to allow our NFTs to be sold on OpenSea, which supports both networks. Since Polygon is more than 1000x cheaper than Ethereum, we expect that most of the assets will be bridged there.
Currently, there are two assets enabled for bridging to test the infrastructure:
the “Game Ace” cartridge NFTs.
the “wrapped GAT” (or “WGAT”) BEP20 coin, which is a wrapper for GAT.
Both assets can be bridged in any direction across all the currently enabled networks. Be aware that the cost to bridge an asset (apart of the gas fees to start the bridging) differs depending on the target network.
The first Game Ace cartridges have been bridged and offered for sale at OpenSea!
What Minted Vodka features would be possible with this bridging technology ?
Bridging of other coins and NFTs to/from other networks (initially EVM-based networks like Ethereum or AVAX)
Making GAT bridgeable to other networks (cross-chain coin as a “wrapped” WGAT)
Additional use-case for GAT: all bridging has a GAT fee involved
Foundation for potential cross-chain trades on Minted Vodka (e.g. you offer an NFT on network A [bid], but want X coins on network B in return [ask] )
MintedVodka was always planned as a central piece of GAT Network, which is just a small corner of a much bigger meta-verse. Metaphorically speaking, we see the Binance Smart Chain like a crypto-country in a world of many other “countries” like Ethereum, Avalanche and others. Following the same metaphor, the current GAT Network would be like a canton or province within the Binance Smart Chain: a conglomerate of cities, villages and dwellings representing each separate project in our network.
Similarly, we see MintedVodka not just like a local market in our “province”. We strive to become a central place, on the edge of several networks, where users from everywhere come together and interact: trade assets, exchange goods and services, discuss and hold events, discover new projects, play street games, etc.
Read full article on our vision for Minted Vodka here
Focus on Minted Vodka NFT Marketplace
For the next months we are going to focus on the development of our NFT Marketplace “Minted Vodka”
Minted Vodka is central to the GAT Network, all other projects stem from this central project, it is core as a marketplace for assets in each other games, and offers cross-network trading potential for GameAce NTFs.
The games on GAT Network are fun, and have a lot of potential to bring in other players, but for them to be true Play-to-Earn there needs to be some sort of external funding to maintain the ecosystem, this is where Minted Vodka can help.
Minted Vodka has a huge potential in the NFT trading space, offering features rarely found elsewhere at an exceptionally low price to use the platform. The flexibility of trading, including multiple items, even of different types on either side of the trade is exceptionally powerful. Even something so small as being able to set a title and description is rarely seen on other NFT exchanges.
Our NFT Marketplace Minted Vodka has always planned to be the center piece of the ecosystem. Over the past 3 months trading volume on Minted Vodka has been around 600,000-800,000 USD. (An exact value is hard to determine, given the flexible nature of the trades – you can trade an NFT for an NFT whose value is hard to estimate)
In the next months we will focus on the development of our NFT Market. Important features like
and more will be available and attract new users. Of course we will keep an eye on new use cases for GAT in this context.
And also growing traffic will mean more fees that flow into the Alchemy Toys treasury as you know.
In October 2 new Core Team Members joined GAT Network! We are happy to welcome Phil and Pete!
Both have been around since the early days of GAT Network and supported the project as Mods.
Our roadmap got some new milestones. Make sure to have an eye on the roadmap since we will add features regularly. You find it at the main page of our website (scroll down a little). We try to put items on the public roadmap that can be delivered within a few months + some major topics. The rest is at an internal roadmap to avoid too much competition 😉
New GAT use cases
Together with new roadmap items come new use cases for GAT:
Just to let you know: Lately GAT Network bought back GAT for 20 BNB. We will probably continue to do so whenever there is a good opportunity. No financial advice
In October Pete conducted a survey in the community in order to shape new Arena configurations. The survey has been evaluated carefully and as a result a new Arena will launch in early November!
During September and October the Alchemy Arena Activity Challenge was ongoing and ended October, 31st – 6,000 GAT can be won! The winners will be announced in early November.
Our website became pretty slow from all the content and information we provide there. Thanks to some maintenance it is lightning fast again https://gat.network
Make sure to visit it from time to time – there you find all you need to know and much more then we can fit into our social channels
Giveaways + Contests
As usual there are several contests and giveaways ongoing or about to start. You find an overview on the giveaways here
You want to learn more? Read our last monthly update here
Gat Network is a web of connected NFT trading & gaming projects – launched in early 2021 by a fully transparent team/company in Germany.
We have already launched several projects live on BSC (fully audited):
GAT – limited, deflationary, low-cap, multi-use-case token
Game Ace -the world´s first NFT playable as retro video games
GAT Network is funded and has a long-term cross-chain vision for NFT trading & gaming centered around GAT and the highly flexible Minted Vodka exchange. We refrain from hypes and pump & dump mentality and concentrate fully on building great technology and on organic growth.
Start here is you want to learn more or watch a Video to get an overview.