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South Korea’s Overtake has introduced a new blockchain-powered marketplace on Sui, aiming to connect both web2 and web3 gamers in one unified hub. The platform supports trading of game items, currencies, and collectibles, while also lowering costs and improving transaction security.
Good to Know
A key highlight of the launch is TakeShop, a builder tool that allows anyone to create a personal storefront. Store owners can list digital assets, add reward systems, and offer flexible payment options. This feature aims to make peer-to-peer trading more engaging and customizable for gamers and creators alike.
The founding team at Overtake has deep roots in traditional item marketplaces, having worked on platforms like ItemBay and ItemMania. They applied that experience by introducing a two-out-of-three key escrow system, where the seller, buyer, and Overtake each hold a key. Transactions require two parties to sign off, which helps prevent fraud, guarantees authenticity, and reduces disputes.
By building on blockchain infrastructure, Overtake says it can cut fees by more than half, compared to older item-trading models, while adding transparency for buyers and sellers.
Looking ahead, the company plans to embed AI agents into its platform. These agents will help automate price discovery, increase liquidity, and make the marketplace more efficient. For gamers, this could mean smoother trades and fairer prices on rare items.
To encourage activity, Overtake is introducing TAKE tokens. Players can earn these tokens through platform engagement and even stake them for additional yields. The token system not only rewards users but also strengthens the community around the marketplace.