Blockchain
Klaytn to be blockchain of choice for gamefi and metaverse in 2022
Public blockchain platform Klaytn is gearing up its infrastructure to be the blockchain of choice for gaming, the metaverse, and the creator economy. Developed by internet giant Kakao Corp in 2019, Klaytn has achieved success domestically through integration with the KakaoTalk messenger app. It is also the blockchain platform for the Central Bank Digital Currency (CBDC) project with the Bank of Korea, by way of private blockchain deployment.
This year, Klaytn is making an aggressive turn toward the metaverse by tuning the entire platform for metaverse use cases. These include AAA games, play-to-earn (P2E) games, non-fungible tokens (NFTs) and supporting defi services for metaverse businesses. Klaytn is well-positioned to succeed in this emerging space given the strength of its 31 Governance Council members in blockchain, social networks, digital assets, gaming, and entertainment.
To pursue this vision, Klaytn will be creating an integrated onboarding process for metaverse builders to easily implement their games and virtual communities on the network. These are some initiatives that will be rolled out this year:
- Launching a game developer package which includes a set of Klaytn L2 solutions, a curated list of open source tools, as well as a Software Development Kit (SDK)
- Supporting Ethereum equivalence in Q2 2022 so EVM-based dapps can onboard without any modification
- Community co-building efforts to promote user growth of individual projects
- Management and financial support for projects with high global potential
Klaytn will also be making the following improvements to the mainnet:
- Higher scalability by leveraging L2 service chains
- Enhancements to token management tools and oracle function
- More reliance on bridges for interoperability with other blockchains
- Integrating an IPFS (Inter-Planetary File System) gateway for decentralized storage
- Implementing a smart contract library
“Given the popularity of video games within Korea and the strength of K-culture globally, Klaytn’s vision to be the blockchain of choice for games, especially AAA games, is not impossible,” says Dr. Sangmin Seo, Director at Klaytn Foundation. Prior to joining Klaytn Foundation, Dr. Seo served as the CTO of Ground X, the software development affiliate of Kakao that created Klaytn.
“There is no other blockchain in the world now that is tuned specifically for the metaverse, gaming, and the creator economy. Our vision is ambitious, and definitely achievable. We look forward to seeing the other blockchains catch up with us,” says David Shin, Head of Global Adoption at Klaytn Foundation.
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.
Blockchain
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