Blockchain
Fantom Opens up a New Horizon for Multiplayer Game Projects Such as MangaMon
New York, New York–(Newsfile Corp. – April 7, 2022) – Fantom announces a new horizon for multiplayer game projects including MangaMon. After leading a successful Airdrop event and introducing the project to the game world, the MangaMon team has attracted a large amount of fans and supporters. The project’s goal is to develop games with inspiration taken from well-known games in the last 2 decades.
Figure 1: Fantom Opens Up A New Horizon For Multiplayer Game Projects Such As MangaMon
With the high amount of players joining MangaMon, a problem arises: network congestion and transaction bottleneck. MangaMon integrated many features for their game which allow players to own an NFT as an in-game character and combine two or more NFTs together to upgrade their character to another level. Smart contracts are utilized to take away the NFTs used in combining and rewarding new NFTs to users’ wallets.
This “leveling” function will create transactions on the game’s network, and may cause users to experience sluggish transaction time, especially when ten of thousands of players are competing, battling and upgrading at the same time. And of course there are so many more functions that a player can do. Users can browse the NFT marketplace and buy a new character, potions and other items to upgrade NFTs. Then users will bring the newly bought character into, for example, a PvP match to test out the power of the character. The key point here is “simultaneously”.
The MangaMon team aspires to provide users a smooth experience playing games and that is why MangaMon chose Fantom to be the entrusted blockchain for the MangaMon Game Ecosystem. With the innovative Lachesis consensus algorithm combining the Asynchronous Byzantine Fault-Tolerant and the Directed Acyclic Graph (DAG), Fantom greatly reduces the transaction time to 1 to 2 seconds and more importantly, the gas fee. To quote Fantom on the problem:
“Users will not (and should not) pay hefty transaction fees when buying or selling an item.”
As an EVM-compatible secure and decentralized platform offering 1-second transaction finality and near-zero fees, Fantom offers reliably consistent and smooth performance even during periods of extremely high traffic. Moreover, the Lachesis algorithm also strengthens the security for players’ profiles and assets, decreasing the chance of transactions lost and hacks – problems that can seriously undermine a gaming platform that offers players options to buy or earn in-game items.
MangaMon also considered the expandability of the Fantom blockchain. With a long term plan already set in action, 5 different games on the Game Metaverse with fully inter-transferable assets between games, multiple seasonal PvP events and of course a steady stream of new contents, MangaMon needs to be built with expandability in mind.
The Fantom Blockchain once again delivered. The Lachesis algorithm solves the expandability problem innately. No matter how large the MangaMon Game Metaverse is, with the exceptionally high transaction speed provided by the DAG and aBFT technology, gamers’ experience won’t be thwarted. Additionally, Fantom is EVM-compatible. This allows developers to easily create, maintain and upgrade their dApps on the chain. MangaMon can release new content and integrate more functionality into the Game Metaverse without too much hassle. Not only that, fans can also create, too. Easy to learn and master, fans can show their contribution to the community via fan-made gamemode and assets, when MangaMon releases a “fans-creations” update. This can be a new source of income for users; a “Create-to-Earn” title could be earned from MangaMon easily.
MangaMon hopes to be able to expand and develop their Game Metaverse on Fantom and provide the MangaMon community with the best experience. The team aims to always improve and continue to work hard with their motto at the core: “Free-for-Fans, Made-for-Fans, and All-on-Fantom”.
About Fantom
Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps. Fantom’s aBFT consensus protocol delivers unparalleled speed, security, and reliability which help users enjoy almost instant transactions and extremely low fees. The Fantom Foundation is committed to providing technology that combines scalability, decentralization, and security. To turn this vision into reality, the Fantom Foundation is developing different parts of an open system and closely works with partners to support the adoption of Fantom technology.
Social Media Handles:
Telegram: https://t.me/Fantom_English
Twitter: https://twitter.com/FantomFDN
Reddit: https://www.reddit.com/r/FantomFoundation/
Github: https://github.com/Fantom-Foundation
Contact Info:
Contact Name: Michael Kong
Organization: Fantom Foundation
Email: [email protected]
Website: https://fantom.foundation/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119556
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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