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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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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