Blockchain gaming is evolving, and the partnership between Avalanche and the Beam Network is a clear testament to the exciting innovations in the space. With Avalanche’s latest commitment to decentralize the gaming-focused blockchain through the Horizon upgrade, the future of web3 gaming has never looked brighter. Here’s a detailed look at what’s happening and why this collaboration is a game-changer for the blockchain gaming world.
Celebrating the Etna Upgrade: Avalanche’s $500K Commitment
The Etna upgrade on Avalanche’s mainnet marks a significant milestone in the blockchain gaming ecosystem. In celebration, Avalanche is supporting the Beam Network by minting $500,000 worth of Beam Node tokens. Additionally, they are committing to run validator nodes after the Horizon upgrade is complete, further decentralizing and strengthening the Beam Network.
This collaboration underscores Avalanche’s dedication to advancing the on-chain gaming ecosystem, making gaming-focused blockchains like Beam more secure, efficient, and scalable.
What Makes Beam Network Special?
The Beam Network has quickly become one of the largest projects built on Avalanche’s technology. By leveraging Avalanche’s layer 1 infrastructure, Beam offers unparalleled opportunities for game developers to build and innovate in the web3 gaming space. The partnership between these two ecosystems isn’t new; it’s a relationship built on:
Infrastructure development: Beam’s subnet operates smoothly with continuous upgrades powered by Avalanche.
Marketing collaborations: Both foundations have joined forces to promote the ecosystem at notable events like GDC in San Francisco and Gamescom in Cologne.
Deal-flows and studio support: Avalanche’s recommendations have encouraged studios to build on Beam, fostering a vibrant gaming ecosystem.
Together, these efforts have created a strong foundation for the Beam Network, showcasing the potential of blockchain gaming platforms.
Avalanche’s Dual Support for Beam’s Growth
Avalanche is championing the Beam Network’s evolution through two pivotal initiatives:
Minting Beam Node Tokens: By investing $500,000 in Beam Node tokens, Avalanche ensures increased decentralization, a critical aspect of blockchain security and scalability.
Running Validator Nodes: After the Horizon upgrade, Avalanche will operate validator nodes, further strengthening the Beam Network’s decentralized infrastructure.
This dual support highlights Avalanche’s role as a key player in the blockchain gaming space, making platforms like Beam more resilient and future-proof.
The Impact of the Horizon Upgrade
The Horizon upgrade, built on the success of the Etna upgrade, introduces groundbreaking changes to the Beam Network. Here’s what it means for blockchain gaming:
Permissionless Validation: Approved via the ACP-77 proposal, the Horizon upgrade enables anyone meeting specific requirements to validate the network.
Proof-of-Stake Consensus: The upgrade transitions Beam to a permissionless, proof-of-stake consensus mechanism, promoting decentralization and scalability.
Enhanced Staking Opportunities: Validators can stake ERC-721 Node Tokens and $BEAM to secure the network, with rewards generated from gas fees, validator grants, and protocol fees.
This move empowers developers and enthusiasts to participate more actively in the network’s growth while ensuring a smoother gaming experience for users.
How to Run or Delegate a Beam Node
Running a Beam Node is a straightforward process that combines staking and securing the network. Here are the essentials:
Requirements: Stake 1 ERC-721 Node Token and 20,000 $BEAM.
Limits: Each node can stake up to 1,000 Node Tokens and 50 million $BEAM.
Rewards: Validators earn from gas fees, grants, and protocol fees.
For those interested, the Beam Network’s official documentation offers a step-by-step guide on minting Node Tokens and setting up validators.
Avalanche’s Broader Impact on Blockchain Gaming
Avalanche’s influence extends far beyond the Beam Network. Recent developments highlight the ecosystem’s commitment to revolutionizing gaming:
Beam Ventures: A $150 million gaming-focused fund launched in Abu Dhabi to position the region as a global gaming hub.
Solo Leveling Collaboration: Avalanche partnered with the popular anime series to create a gamified collectibles platform, seamlessly introducing fans to web3.
Recognition at PlayToEarn Awards: Avalanche was a top ecosystem nominated for the 2024 PlayToEarn Blockchain Game Awards, emphasizing its leadership in blockchain gaming.
For more insights into blockchain games, visit NFT Playgrounds.
Why Avalanche and Beam Are Game-Changers
The Avalanche-Beam partnership is a blueprint for the future of blockchain gaming. By focusing on decentralization, scalability, and innovation, they’re setting the stage for a new era of web3 games. Whether you’re a developer, gamer, or blockchain enthusiast, this collaboration opens up exciting possibilities for creating and experiencing games like never before.
Final Thoughts
Blockchain gaming is at the forefront of technological innovation, and partnerships like Avalanche and Beam are driving this transformation. As the Horizon upgrade nears completion, the gaming community has much to look forward to.
Stay tuned for more updates, and explore the vibrant world of blockchain gaming on NFT Playgrounds!
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