Digital Currency Group (DCG) announced that its portfolio company, Merit Circle, will launch a gaming subnet on the Avalanche (AVAX) network.

The gaming subnet — dubbed Beam — will host a “variety of games and products to shape the future of gaming,” according to the DCG tweet.

Beam — founded by Merit Circle DAO — describes itself as a “sovereign network focused on gaming.”

According to a Merit Circle medium post, Beam is set to “allow game developers to deploy their games on-chain seamlessly” — utilizing “quick, simple and minimal fees” via the Avalanche network.

“The value that Beam adds resembles a sword that cuts on both sides. Slicing through the problems game developers are currently facing, Beam offers anything they may need on their quest of building a game using blockchain technology.”

Recently hired Merit Circle CTO Brandon Aaskov is set to build and lead the development of Beam. On the purpose of Beam, Aaskov said:

“Beam is meant for gamers and game developers alike: to take away the complexity and still offer true ownership and easy control of that ownership.”

Further details are set to be discussed by Merit Circle, @Avax, @TrialXtreme, @WalkerWorld_, and @PlayHashRush on April 20, 7 PM CET.

The post DCG portfolio company Merit Circle set to launch gaming subnet – Beam appeared first on CryptoSlate.

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