The Journey Since DigiDaigaku's Launch
Two years ago, in the wake of the nft market's boom period in 2022, Limit Break, under the leadership of ex-Machine Zone CEO Gabe Leydon, announced a $200 million funding round alongside the launch of its DigiDaigaku nft collection. The question on everyone's mind since then has been: What progress has Limit Break made?
Limit Break has made significant strides, especially with its on-chain royalty standard, ERC721C. This innovative standard has been embraced by a staggering 75% of new nft collections, incorporating over 97,000 collections and 110 million NFTs. This development is crucial, ensuring that creators have received over $8 million in royalties from traders over the past six months. The introduction of such technological advancements comes at a time when the nft industry faced challenges, primarily due to the rise of platforms like Blur, which disrupted creators' ability to earn from trading.
Furthermore, the adoption of the 721C standard extends beyond initial expectations, representing a majority of all first-traded nft collections across eight ethereum Virtual Machine (EVM) chains. This broad acceptance signifies a positive step towards standardization in the industry, with platforms like Magic Eden and OpenSea integrating the protocol into their operations.
Anticipation and Reality: The DigiDaigaku Game
While there has been anticipation surrounding the DigiDaigaku game, the progress has been met with mixed reactions. Despite expectations, Limit Break assures that a "small international army of developers" is diligently working to bring the first mobile game to its beta phase. This commitment indicates a steadfast effort to deliver to its community, even as the intricate process of game development unfolds.
Resulting from the latest updates, the floor price of DigiDaigaku Genesis NFTs soared to $20,000, marking a 285% increase. However, it is important to note that, as of this writing, no sales have been made at this new elevated price point. This discrepancy highlights the volatile nature of the nft market and the speculative enthusiasm that news updates can trigger.
Innovations on the Horizon
Limit Break is not stopping with just the development of its mobile game. The company is in the process of enhancing its Payment Processor V3 with ERC20C support, accompanied by the launch of an associated ERC20C token. These advancements are part of Limit Break's broader ambition to mold the future of web3-related products, aiming to revolutionize tokens in the same way they've innovated within the nft space.
The achievements of Limit Break within such a brief period serve as a testament to the company's commitment to innovation and to its community. With the first mobile game still in development, Limit Break is setting the stage for a series of web3-related product releases that promise to redefine the landscape.
In sum, Limit Break's journey since the launch of DigiDaigaku is marked by significant advancements in nft royalty standards, sustained efforts in game development, and strategic moves toward token revolution. As the company continues to push the boundaries of web3 gaming and NFTs, the anticipation for what's next remains high. With a focus on innovation, community, and the steadfast pursuit of progress, Limit Break is poised to make a lasting impact on the digital asset and gaming industries.
