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Cardano Gets Onchain Gaming Boost as Paima Layer 2 Goes Live

Paima Studios has released a new feature for the Cardano blockchain that enables its users to play on-chain games using ADA tokens. According to the developers’ tweets, this move is possible as Paima is a layer 2, or an independent network that bundles transactions to a base blockchain for faster speeds and cheaper costs. This means that Cardano users can play any blockchain-based games without needing to bridge tokens to another network. Additionally, Paima supports the migration of games built on other networks to Cardano, which allows users of those networks to play a game based on Cardano without having to move assets.

Bridging tokens between different blockchains is called “bridging,” which carries major security risks and was at the center of some of the biggest exploits in 2022. Therefore, Paima said all games on the network are non-custodial, meaning funds remain in the user’s wallets and don’t have to be transferred to the game’s wallets, mitigating security risks.

This release is the latest in a series of network improvements and features for the Cardano blockchain, which may ultimately add value to ADA tokens. Last week, Milkomeda, another layer 2 network, released a feature that will allow Cardano blockchain users to soon gain access to Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet.

An Ethereum Virtual Machine is where all Ethereum accounts and smart contracts live, serving as a virtual computer used by developers to create decentralized applications, or dapps. These recent developments may further boost the adoption of Cardano as a platform for decentralized gaming applications, as well as increase the utility and demand for ADA tokens.

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