The Sui ecosystem has also shown some impressive performances amidst the pressure from giants in this round. I have previously shared some projects in the ecosystem, including DEX, which have solid fundamentals and are generally undervalued.
This Overtake project (token
#TAKE ), led by the Sui Foundation, is positioned as a blockchain-based digital asset trading platform for games, aiming to connect the global market for digital goods (including accounts and items) worth over $55 billion with the Web3 world.
The blockchain gaming sector has not yet exploded in this round, primarily due to the lack of a Killer App. However, if we focus solely on game content at this stage, we will certainly struggle to compete with established Web2 game companies. Therefore, it's better to take a different approach and become a trading platform for game assets, leveraging the advantages of blockchain.
As a major player in the gaming industry, South Korea's launch of related projects is a natural progression, supported by a solid industrial foundation. Overtake’s parent company, B&M Holdings, and its sister company, ItemMania, have long-term experience and stable revenue in the gaming industry.
Recently, Overtake has also been negotiating resale agreements and other collaborations with Codashop, one of the world's largest gaming recharge platforms, supporting the use of the
#TAKE token or USDC for recharging over 100 mobile games.
The project has just launched on Binance Alpha after its TGE, with a current valuation of only several million. With multiple favorable collaborations coming to fruition, future development looks promising.