Matchain launches its mainnet, built on the OP Stack and powered by the BNB chain

Matchain Overview - August 28, 2024

Aug 28, 2024

Welcome to the Matchain Overview. A one-stop-shop for the Matchain community to get up to speed on the network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.

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Matchain by the numbers

These metrics reflect Matchain’s mainnet statistics and are accurate at the time of publication.

Exploring the chain

🔥What we’re watching: Matchain has transitioned from its testnet to mainnet on Wednesday, in hopes to provide better data ownership opportunities for its users.

🔥Why it matters: Before its mainnet launch, Matchain’s public testnet saw over 180 million transactions processed and over 5 million wallets created. The chain, which is built on the OP Stack and powered by the BNB chain, transitioned to mainnet in hopes to amplify these numbers and generate more value for its users.

In general, mainnet launches are huge milestones for blockchains and their ecosystems because it’s a signal that the chain is ready to move on from its test phase. It also opens the door to developers, users and broader audiences, potentially bringing greater attention to the network.

“We’re incredibly proud of what we accomplished during our testnet, exceeding expectations in transactions and user engagement,” Petrix Barbosa, Matchain CEO, said exclusively to Token Relations. “This transition is about proving the strength of our community, the potential of our dApps, and solidifying Matchain’s position as a potential leader in the space.”

Major Tech and consumer businesses like Google, Apple, Amazon have full control over their users’ data, and in turn these companies can sell it to whomever. Matchain sees this as a problem because despite user data being sold separately, individuals never see where or how it's shared, said Jessie Xiao, Matchain Chief Commercial Officer.

As community is a core value for Matchain, the launch of mainnet hopes to generate more user engagement and change the way data is shared and owned for players within its ecosystem.

🔥TLDR: Matchain’s launch of its mainnet can open the door to greater acceleration in network development and ecosystem growth.

With the network’s focus on data sovereignty and use of decentralized identifiers, the launch of its mainnet could enhance its dApp capabilities and drive greater user engagement. This has the potential to create more opportunities for users to control how their data is shared and monetized.

Highlighting the Matchain Ecosystem

Matchain released its upgrade network scan and swap tool amidst its mainnet launch
Matchain implemented digibuy, a shop and earn dApp built on its network, to its MatchQuest Telegram bot
Matchain partnered with Joba Network to integrate MatchID into its onchain resume building platform
Game Plus entered a strategic partnership with Matchain to combine MatchID with its GamerID to enable more data sharing opportunities

Check out the Matchain blog for more updates.

From the Matchain community

Want to dive deeper into the Matchain ecosystem?

Xiao spoke about the blockchain’s vision on data transparency in Matchain’s Quarterly Webinar with Token Relations
X user niconjuul created an overview of the Matchain network and its vision for more transparent data
Matchain’s Chief Marketing Officer Anastasia Drinevskaya spoke about the impact AI can have on different education tools
OpenWorldSwap CEO spoke on an X space with Matchain about real-world assets and asset trading in gaming

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This product was built by Token Relations.

This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.