What is OVERTAKE (TAKE)

OVERTAKE: Revolutionising Web3 Gaming Asset Trading Through Blockchain Infrastructure

Introduction to OVERTAKE

The emergence of OVERTAKE marks a significant evolution in Web3 gaming, melding the scalability of traditional game asset trading with the transparency and security offered by blockchain technology. Located at the forefront of this sector, OVERTAKE has established itself as a pioneering platform designed to facilitate peer-to-peer trading of in-game digital assets primarily on the Sui blockchain. With its architecture built to support extensive trading volumes while minimising fees, OVERTAKE addresses the considerable trust and security challenges inherent in digital asset exchanges.

This ambitious platform aims to transcend conventional trading systems by leveraging advanced technological solutions, such as smart contract-based escrow protocols, artificial intelligence tools, and cross-chain functionalities, thereby reimagining the way digital assets are owned, traded, and monetised within gaming ecosystems.

What is OVERTAKE?

At its core, OVERTAKE operates as a comprehensive Web3 gaming marketplace created for seamless and secure trading of in-game digital goods, which encompasses game items, accounts, and currencies. The platform utilises a sophisticated smart contract-based escrow system, ensuring that all transactions adhere to blockchain-backed mechanisms. By substituting informal exchanges with structured and verifiable transactions, OVERTAKE enhances overall security, significantly reduces fraud risk, and ensures that both parties in a transaction fulfil their obligations.

OVERTAKE's architecture is notably supported by blockchain networks such as Sui, Immutable zkEVM, and Polygon. This integration not only optimises scalability and security but also positions OVERTAKE to leverage these networks' mature technological foundations, energising its goal of delivering a user-friendly trading experience.

Leadership and Development Team

The driving force behind OVERTAKE is its highly experienced leadership team, composed of individuals with an extensive background across gaming, financial technology, and blockchain. Seunghwan Oh, the platform's CEO, transitioned from the Boston Consulting Group, contributing a wealth of strategic consulting and data analytical experience which is pivotal for the platform's development. Alongside him is Chief Business Officer Eujin Alison Shim, whose expertise spans traditional finance and Web3 environments, acquired through roles in Accenture and KakaoPay.

Other significant members of the team include Dogeun, the Chief Product Officer, who focuses on practical innovation, and BJ, the Chief Gaming Officer, whose extensive experience with Electronic Arts brings invaluable insights into game management and user engagement. Leading business development is KB, whose past in player auctions and digital trading helps to navigate the dynamic market effectively.

Investors in OVERTAKE

Recent funding rounds have unveiled significant investor confidence in OVERTAKE, specifically through a $7 million strategic funding round completed in August 2025. Notable investors include Sui, Immutable, ItemMania, ItemBay, JB Investment, and Green Whale Ventures. Their participation not only enhances OVERTAKE's operational capacity but also provides critical access to cutting-edge blockchain infrastructures suited for the high-throughput applications of the platform.

For exemplary strategic alignment, Sui's participation offers technical collaboration and ecosystem support, propelling OVERTAKE toward its vision while Immutable's backing embeds it deeper into the Web3 gaming infrastructure sector. Additionally, the investments from established gaming asset trading platforms validate OVERTAKE's operational model and long-term market viability.

How OVERTAKE Works

Distinctive to OVERTAKE's model is its employment of a multi-signature escrow system wherein transactions require the consensus of multiple parties before completion. This significantly minimises the risk of disputes, further enhancing user trust. Upon initiating a trade, both digital assets and payment funds are securely deposited within the smart contracts, which hold these assets until all transaction conditions are satisfied.

The platform has also prioritised accessibility and usability for its users through innovative AI-powered market tools that include pricing analytics and market insights, thus enabling participants from diverse backgrounds to engage in digital asset trading confidently. The incorporation of “quiet decentralisation” further allows for seamless user onboarding, with automatic wallet generation and sponsorship of transaction fees eliminating typical barriers for entry to blockchain-based trading.

Timeline of OVERTAKE

The development of OVERTAKE has followed a structured trajectory marked by critical milestones:

• 2022: OVERTAKE was established, laying down the foundation for its innovative platform with extensive research and planning.
• May 21 to June 12, 2025: A closed beta testing phase involved 30 sellers conducting 195 trades valued at over $63,200, highlighting platform responsiveness and transaction efficacy.
• June 20, 2025: The open beta was launched, incorporating user feedback from the previous phase, enhancing its offerings, and expanding user accessibility.
• August 20, 2025: A significant $7 million funding round was completed, buoyed by notable investor participation, which solidified OVERTAKE's market standing and operational potential.
• August 25, 2025: Plans for the TAKE token generation event were announced, detailing a sophisticated approach to tokenomics designed to engage and reward community participation.

Tokenomics and Economic Model

The TAKE token stands at the helm of OVERTAKE's economic infrastructure, crafted to align incentives amongst all platform participants while fostering sustainable value generation mechanisms. With a total token supply of 1 billion TAKE tokens, OVERTAKE has strategically allocated resources aimed at community rewards (30%), ecosystem operations (17.5%), and promotions among other essential activities.

This nuanced token economic model drives sustainable engagement across the platform, along with transaction-based incentives that redistribute a portion of transaction revenues back to token holders. By embedding these mechanisms into its economic framework, OVERTAKE positions itself as a utility-driven platform rather than a vehicle for mere speculation.

Market Position and Industry Impact

Operating at the intersection of gaming, blockchain technology, and digital asset ownership, OVERTAKE is poised for substantial market impact. The platform addresses the substantial underserved market for peer-to-peer gaming asset trading—an estimated $55 billion annually—while simultaneously tackling inherent challenges related to trust, security, and transaction efficiency.

OVERTAKE's integration of established trading methodologies from the Web2 space alongside its innovative Web3 infrastructure highlights its dual advantage. Over time, the platform has demonstrated its ability to create real user engagement driven by genuine market demand—not just speculative behaviours typically associated with cryptocurrency markets.

Furthermore, OVERTAKE's multi-chain strategy and developer-friendly interface indicate its commitment to fostering a broader Web3 gaming ecosystem. By aiming to serve as foundational infrastructure, OVERTAKE offers opportunities for additional value capture without directly competing in a single application space.

Conclusion

OVERTAKE signifies a transformative milestone in the realm of Web3 gaming infrastructure, effectively merging conventional gaming asset trading with decentralised systems. Empowered by a proficient leadership team and bolstered by significant investor backing, OVERTAKE is set on a trajectory of sustainable growth that emphasises utility-driven functions and adheres to strict regulatory frameworks.

Its innovative approach to user experience and operational integrity places OVERTAKE favourably within the evolving landscape of gaming economies, where player ownership and asset interoperability define the future. As the platform continues to develop its offerings, OVERTAKE stands prepared to catalyse significant change, setting the standard for what decentralised trading can achieve in the realm of digital assets.