In a recent interview with BitPinas, Ismael Jerusalem, CEO and co-founder of the non-fungible token (NFT) and gaming blockchain Ownly, discussed the company’s recent growth and the development of its layer-3 blockchain, Ownchain. He also shared insights into Ownly’s accomplishments outlined in its 2024 roadmap and future plans.
Recent Developments at Ownly
Jerusalem highlighted the progress made in Ownchain, the blockchain gaming platform developed by Ownly. While the testnet is currently operational, it is still undergoing 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
Jerusalem emphasized the platform’s focus on optimizing on-chain transactions and rewards, particularly in the NFT and blockchain gaming sectors. By utilizing Orbit technology, Ownchain aims to simplify the complexities of blockchain, ensuring security and scalability.
Ismael Jerusalem, CEO, Ownly
Jerusalem stressed the platform’s dedication to innovation and community involvement, with an emphasis on creating on-chain playing card games and promoting interoperability among NFTs.
According to the 2024 roadmap for Ownchain, the first quarter will focus on research and development, along with the launch of the Testnet. The second quarter will see the Mainnet launch, migration of the OWN token for gas utilization, a snapshot and airdrop, as well as the introduction of a simple decentralized exchange (DEX) for trading. These plans are still in progress as Ownchain continues its development.
Ownchain as a Layer 3 Blockchain
When asked about the decision to use Orbit technology, Jerusalem mentioned that it was the ideal fit 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
Explaining the three-layer blockchain structure, Jerusalem highlighted that Ethereum (Layer 1) handles security and scalability, Arbitrum (Layer 2) manages data availability and consensus, while Ownchain (Layer 3) focuses on building NFTs and developing on-chain gaming products.
Jerusalem emphasized that this ecosystem represents a significant improvement in managing network components, enabling increased transactions per second and consolidating products like tokens, marketplaces, and games into a cohesive protocol that rewards community engagement.
Additionally, he mentioned that the system operates with a permissionless framework, catering to the needs of 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
Node Key NFTs
Regarding Node Key NFTs, Jerusalem mentioned the conclusion of the initial phase of the pre-sale and preparation for the second phase in May. Node Key NFTs act as license keys for community members to participate in the Ownchain ecosystem.
The Node Key NFTs allow users to run a node within the Ownchain network, participating in activities such as transaction validation, network security, and governance decisions. Node operators may receive network rewards and have a say in the network’s direction through governance mechanisms.
To utilize the node keys, technical hardware requirements are not demanding, and holders can use either a computer or a laptop.
Ownly’s Development Journey
Jerusalem shared the evolution of Ownly, transitioning from Crypto Solitaire to its current form. The company has continuously integrated more technology into its platform over the years.
The journey began in 2019 with CryptoSolitaire, then pivoted to Ownly.io in 2020, where NFT collections were launched. In 2021, the $OWN token was introduced, along with an NFT marketplace. Subsequent years saw the launch of a staking platform, Mustachioverse, and exploration into 3D, augmented reality (AR), virtual reality (VR), and the metaverse.
Ismael Jerusalem noted the credibility and experience gained since 2018, highlighting Ownly’s resilience through market downturns. He emphasized that Ownly’s proven track record of maintaining projects and launching profitable products serves as a unique advantage for potential investors and ecosystem participants.
Future Plans
Ownly’s current focus is on developing on-chain playing card games, specifically exploring the creation of games like Solitaire. The company plans to collaborate with creators worldwide in crafting unique playing card decks to provide an accessible entry point for on-chain technology.
Emphasizing the goal of enhancing interoperability within the ecosystem, Jerusalem highlighted the role of blockchain in recording gameplay details, rewarding players, and providing seamless transitions between games through NFTs.
The roadmap for Ownchain outlines plans to add liquidity for trading OWN, migrate NFT collections to OwnChain, and focus on developer and ecosystem growth by the end of the year. This includes a centralized exchange (CEX) listing and the launch of the Onchain Solitaire game.
This article has been published on BitPinas under the title “[Interview Series] Ownly CEO Shares Recent Iteration Updates.”
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