Announcement: Burning 30% of $WGT Reserved for Chain due to Chain Development Shift

Web3Games.com Team
2 min readJan 20, 2024

Web3Games.com began its journey in the Polkadot ecosystem by building a devnet powered by Substrate. However, to reach a wider audience and accelerate mass adoption, we pivoted our focus to the Polygon Network, one of the most popular and user-friendly blockchain platforms. Following the Web3Games.com 1.0 roadmap, we’ve constructed a comprehensive platform featuring an NFT marketplace, AMM token swap, launchpad, and developer SDK for users to seamlessly interact with the ecosystem. Additionally, we’ve developed four engaging crypto mobile games for our ever-growing community.

With the remarkable advancements in EVM Layer 2 rollup solutions over the past two years, we see a renewed opportunity to establish our own blockchain network. W3Gamez Network, built on OP Stack with data availability on NEAR, emerges as the perfect fit for supporting low-cost transactions within the exciting world of fully on-chain gaming. To reflect these strategic changes, we’re introducing two distinct tokens:

Web3Games.com Token ($WGT): Remains the native token powering the Web3Games.com platform and infrastructure.

W3Gamez Network Token ($W3G): The native gas and governance token for the W3Gamez Network, facilitating seamless transactions and community-driven decision-making.

With the shift to W3Gamez Network, the pre-allocated WGT tokens designated for the Polkadot chain are no longer required. Consequently, we’ve made the decision to burn 30% of the total WGT supply (300,000,000 WGT), strengthening the foundation of both platforms.

🔥 Burn Transaction: https://polygonscan.com/tx/0x7bf9e661f18f0797a44921d2526fba67821ff05c173de41a27ab426bcff4a76b

Mark your calendars, as the $W3G token will be launched by the end of January 2024! Stake your $WGT to receive $W3G airdrops or participate in the upcoming public sale for priority access. Stay tuned for further details as we continue to revolutionize the gaming landscape!

Embrace the future of Web3 gaming with us! We’re committed to building a thriving ecosystem where players, developers, and enthusiasts can connect, collaborate, and experience the ultimate in blockchain-powered gaming. Join our community and be part of something groundbreaking!

About Web3Games.com

Web3Games.com is a decentralized crypto gaming ecosystem and blockchain network with the objective of accelerating the world’s transition to on-chain gaming.

We firmly believe that blockchain technology holds the key to transforming the video game industry by empowering players with true ownership of their in-game assets and fostering unprecedented transparency.

Follow us on Twitter and Discord.

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