Launch of Overtake Marketplace and its Potential for the Gaming Assets Market

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by Giorgi Kostiuk

a year ago

The Overtake Marketplace platform, built on the Sui blockchain, has announced the launch of open beta testing aiming to improve the market for trading gaming assets.

Details of Platform Testing

During the closed beta test from May 21 to June 12, Overtake processed 195 trades worth $63,200. Participants noted the speed and stability of the platform. According to Overtake, 30 sellers participated in the testing, each averaging $2,017 in sales.

Innovations in Security and Transactions

The platform offers users a secure P2P trading environment using a multi-sig escrow system. Features such as instant payouts in USDC and a low fee of 5% distinguish Overtake from existing centralized markets. Test participants remarked that "every transaction step was faster than expected."

Development Plans and Collaborations

In the future, Overtake plans to launch mobile apps and support for multiple blockchains. Simultaneously with the launch, the platform is collaborating with the Kaito Earn research platform to distribute tokens among active community members.

OVERTAKE aims to integrate its strengths identified during testing into real operations, transforming the gaming asset market and providing users with a secure and efficient platform.

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