Ownly Outlines 2024 Roadmap: Mainnet Launch, Token Migration

BitPinas caught up with Ownly CEO Ismael Jerusalem on the company’s next plans going forward this 2024.

Photo for the Article - Ownly Outlines 2024 Roadmap: Mainnet Launch, Token Migration

In an interview with BitPinas, Ismael Jerusalem, CEO and co-founder of the non-fungible token (NFT) and gaming blockchain Ownly, shared their recent growth following the development of its layer-3 blockchain, Ownchain. He also discussed the firm’s accomplishments in its 2024 roadmap as well as its future endeavors.

Recent Ownly Developments

Jerusalem provided insights into the advancement of Ownchain, their blockchain gaming platform. He highlighted that although the testnet is now operational, it remains under development. Community members now have the opportunity to launch products, create smart contracts, and deploy them on the testnet.

“We also have a live faucet to test OWN, so people can try to deploy smart contracts, launch their own NFTs, launch their own tokens, (and) launch a game on top of Ownchain.”

Ismael Jerusalem, CEO, Ownly

He emphasized the platform’s purpose of optimizing on-chain transactions and rewards, particularly focusing on NFTs and blockchain gaming. Utilizing Orbit technology, Jerusalem stressed how Ownchain simplifies the requirements of blockchain, ensuring both security and scalability.

Photo for the Article - Ownly Outlines 2024 Roadmap: Mainnet Launch, Token Migration
Ismael Jerusalem, CEO, Ownly

Jerusalem emphasizes the platform’s commitment to innovation and community involvement, with a focus on creating on-chain playing card games and interoperability among NFTs.

As per the 2024 roadmap for Ownchain, in the first quarter, the firm’s emphasis is on research and development, alongside the launch of the Testnet. The second quarter marks the Mainnet launch, along with the migration of the OWN token and its utilization as gas. Additionally, a snapshot and airdrop to the same address on Ownchain are planned, alongside the introduction of a simple decentralized exchange (DEX) for trading. So far, Ownchain is still under development and these plans are yet to be accomplished.

Ownchain as a Layer 3 blockchain

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When asked why Ownly decided to use Orbit technology, Jerusalem stated that it perfectly suits their needs and provides the ideal foundation for their on-chain projects.

“So far on the available resources that we’ve researched (on) Arbitrum, Orbit technology is the best fit for the things we wanted to build like an on-chain and NFT-focus blockchain because they already have the technology, the requirements that we need.”

Ismael Jerusalem, CEO, Ownly 

He elaborated that being a three-layer blockchain, Ownly can optimize its needs by utilizing various technologies. As layer 1, Ethereum will handle the security and scalability while Arbitrum, layer 2, will take care of data availability and consensus. Layer 3 will be Ownchain which will focus on building NFTs and development of on-chain gaming products.

Jerusalem highlighted that this ecosystem marks a significant improvement compared to previous years when maintaining various components of a network was challenging. He stressed that with the introduction of increased transactions per second, the platform can now consolidate previous products like tokens, marketplaces, and games into a cohesive protocol that aims to reward community participation and engagement.

Photo for the Article - Ownly Outlines 2024 Roadmap: Mainnet Launch, Token Migration

Moreover, he noted that this system operates with a permissionless framework, accommodating the needs for launching games or projects.

“OWNCHAIN an NFT and Onchain Gaming Blockchain is built on top of @arbitrum orbit. Recreating a transparent, cheating-free, and fun gaming experience for gamers with the use of immutable smart contracts, NFT, and crypto technology,” Ownly posted on X. 

Node Key NFTs

On the other hand, Jerusalem mentioned that last month they concluded the initial phase of the pre-sale for their Node Key NFTs and are preparing to initiate the second phase this May.

According to him, these NFTs will act as license keys for community members or holders, enabling them to participate in the Ownchain ecosystem.

A Node Key NFT serves as a unique identifier for individuals running a node within a blockchain network. For Ownchain, these keys allow users to participate in supporting the Ownchain ecosystem by running a node. This participation may involve activities such as validating transactions, securing the network, and participating in governance decisions.

As a reward for their contribution, node operators may receive network rewards, such as tokens, and have a say in the direction of the network through governance mechanisms.

He added that to utilize the node keys, technical hardware requirements are not demanding and holders can use either a computer or a laptop.

Ownly Development Through the Years

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Jerusalem clarified that Ownly underwent just one pivot, transitioning from Crypto Solitaire to Ownly. Since then, the company’s focus has been on continually integrating more technology into its platform through iterative processes.

The firm’s journey began in 2019 with CryptoSolitaire, marking its foray into blockchain gaming. In 2020, it pivoted towards Ownly.io, where it launched NFT collections. After a year, in 2021, it introduced the $OWN token and established an NFT marketplace. 

Building on this momentum, 2022 witnessed the launch of a staking platform and Mustachioverse. Venturing further in 2023, Ownly also explored 3D, augmented reality (AR), virtual reality (VR), and the metaverse.

We’ve been building since 2018 and I think the credibility and experience of a project or a startup that is still here despite the market crashes that happened, ilang bear market na ‘yung dumaan, and we’re still here. I think that history itself can serve as a unique advantage. So, if there are people who would be interested in investing in Ownly or who want to participate in the ecosystem, we have a proven track record that we don’t abandon projects. (We have) a proven track record that we can launch products that make revenue profit.”  

Ismael Jerusalem, CEO, Ownly 

Future Plans

According to Jerusalem, Ownly’s current focus is on developing playing card games, particularly exploring the creation of on-chain playing card games like Solitaire.

Photo for the Article - Ownly Outlines 2024 Roadmap: Mainnet Launch, Token Migration

Moreover, he expressed plans to collaborate with creators worldwide to craft unique playing card decks. Jerusalem noted that it aims to provide an accessible and logical entry point for utilizing on-chain technology.

He highlighted their goal to enhance interoperability within the ecosystem, emphasizing blockchain’s role in recording every move, reward, card, and item, enriching gaming experiences. He also noted that NFTs facilitate smooth transitions between games, promoting flexibility and improving gameplay.

For the next quarter, the roadmap noted that Ownchain will concentrate on adding liquidity for trading OWN and migrating NFT collections to OwnChain.

By the last quarter of the year, the firm will focus and shift towards developer and ecosystem growth, including a centralized exchange (CEX) listing and the launch of the Onchain Solitaire game.

This article is published on BitPinas: [Interview Series] Ownly CEO Shares Recent Iteration Updates


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