South Korean game item marketplace Overtake has officially launched its new platform on the Sui blockchain, marking its entry into the blockchain-based gaming economy. The marketplace allows gamers to buy, sell, and trade digital items from supported PC games, starting with Path of Exile 2, Last Epoch, and MapleLand.
The platform enables users to set up their own stores through the TakeShop marketplace builder, offering a straightforward way for players to sell items. Shop owners can enhance their sales by providing rewards and accepting various payment methods, including USDC, App Pay, and Google Pay. The marketplace also incorporates the TAKE token, which rewards user activity and can be staked for additional yield, giving users incentives to participate regularly.
Overtake Joins Forces with Sui
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Experienced Team Behind Overtake
The team behind Overtake has prior experience in peer-to-peer web2 marketplaces, having operated platforms like ItemBay and ItemMania. Their goal with Overtake is to bridge web2 and web3 gaming by providing a marketplace that can handle both traditional game assets and blockchain-based items. This includes virtual currencies and digital collectibles, all while leveraging blockchain’s transparent and trustless payment infrastructure.
Secure Transactions with Blockchain Escrow
A key feature of Overtake is its security system. The platform uses a two-of-three key escrow process, where the seller, buyer, and Overtake each hold a private key. This approach ensures that all transactions are validated and protected, aiming to reduce fraud and disputes while lowering transaction fees by more than 50 percent.
Overtake Joins Forces with Sui
AI and Future Developments
Looking ahead, Overtake plans to introduce AI agents to the marketplace. These agents are intended to increase liquidity and improve price discovery, making it easier for users to trade items efficiently and at fair market values. For more information and details about the KBW2025 launch event, users can visit the Overtake website.
Frequently Asked Questions (FAQs))
What is Overtake? Overtake is a South Korean game item marketplace that allows users to buy, sell, and trade digital items using the Sui blockchain.
Which games are supported on Overtake? At launch, Overtake supports PC games including Path of Exile 2, Last Epoch, and MapleLand.
How can users create a store on Overtake? Users can create their own stores through the TakeShop marketplace builder, allowing them to sell digital items and offer rewards.
What payment methods does Overtake accept? The platform accepts multiple payment options, including USDC, App Pay, and Google Pay.
What is the TAKE token? The TAKE token is the platform’s native currency, used to reward user activity and can be staked for additional yield.
How does Overtake ensure transaction security? Overtake uses a two-of-three key escrow system, where the seller, buyer, and Overtake each hold a private key to validate and secure transactions.
Will Overtake support AI in the future? Yes, Overtake plans to introduce AI agents to enhance marketplace liquidity and improve price discovery for items.
