geist

ChainCatcher news, the membership-based blockchain Geist focused on gaming has launched its mainnet. Geist is powered by Arbitrum Orbit and has gone live on Base, offering sub-second latency and minimal fees, providing a seamless on-chain experience for gamers and developers.

ChainCatcher news, Geist announces the launch of the official testnet Polter for the Geist gaming chain.Geist, built by Aavegotchi and supported by Base, Arbitrum, and Alchemy, is a member-exclusive Layer 3 (L3) blockchain specifically designed for gaming. All games on the Geist network will revolve around the Aavegotchi IP.Additionally, Geist stated that the Geist mainnet is coming soon.

ChainCatcher news, according to official sources, Aavegotchi has announced the upcoming launch of a new L3 game chain called Geist (Gotchichain), developed by Pixelcraft Studios and built on Base, Arbitrum, and Alchemy. Geist is the first membership-based blockchain designed specifically for gaming, aimed at addressing issues such as the rampant use of bots, inefficient reward distribution, and high player churn rates in the crypto gaming industry.It is reported that Geist's main features include a chain-level membership program, a native NFT marketplace Aavegotchi Baazaar, recharge channels in collaboration with exchanges like Coinbase, a native on-chain random number generator, support for account abstraction, and gasless transactions.

ChainCatcher message, Fantom's non-custodial liquidity market protocol Geist Finance tweeted, "After Multichain confirmed that the funds are unrecoverable, we announce that Geist will not reopen. Because Chainlink's oracle tracks the value of real USDC, USDT, WBTC, or ETH, they are unaware of the true value of Multichain assets. These assets are currently trading at about 22% of their actual value. Therefore, it is impossible to re-allow borrowing, as this could lead to bad debts for lenders of unaffected assets (such as MIM or FTM).""To be clear, this is not a blame on Chainlink's trading rules; Chainlink's trading rules have functioned as they should. The Multichain assets themselves have no trading rules because people expect a 1:1 exchange. No one else should be blamed besides Multichain."