DCG portfolio company Merit Circle set to launch gaming subnet – BEAM DCG portfolio company Merit Circle set to launch gaming subnet – BEAM
BEAM — lead by the newly hired Merit Circle CTO — sets itself up to be a "sovereign network focused on gaming."
2 min read
Updated: Apr. 26, 2023 at 5:16 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Digital Currency Group (DCG) announced that its portfolio company, Merit Circle, will launch a gaming subnet called BEAM on the Avalanche (AVAX) network.
The gaming subnet is aimed at hosting a “variety of games and products to shape the future of gaming,” as mentioned in DCG’s announcement tweet.
BEAM me up, Scotty
BEAM — founded by Merit Circle DAO — describes itself as a “sovereign network focused on gaming.”
According to a Merit Circle medium post, BEAM is set to “allow game developers to deploy their games on-chain seamlessly” — utilizing “quick, simple and minimal fees” via the Avalanche network.
“The value that Beam adds resembles a sword that cuts on both sides. Slicing through the problems game developers are currently facing, Beam offers anything they may need on their quest of building a game using blockchain technology.”
The recent appointment of Brandon Aaskov as Merit Circle’s CTO will see him lead the development of BEAM. Aaskov shared his vision for BEAM:
“Beam is meant for gamers and game developers alike: to take away the complexity and still offer true ownership and easy control of that ownership.”
In addition to the initial titles and products previously mentioned, more studios, partners, apps/dapps/utilities, and infrastructure are either planned or yet to be announced.
Many games will launch as they are ready, in accordance with their own release schedules.
Building with AVAX
By collaborating with Avalanche, the Merit Circle DAO will benefit from the support of their extensive development community — as well as their business and marketing expertise.
This partnership is set to significantly enhance BEAM’s chances of attracting potential talent to build on its network — including users and gamers who will be able to fully utilize the range of products available in its ecosystem.
Built primarily with an emphasis on games, BEAM is set to be an AVAX subnet created by and for the Merit Circle DAO.
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Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
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Digital Currency Group’s mission is to accelerate the development of a better financial system.