Flux

Technical Analysis: LINK, HIVE, DOT, BAT, FLUX and APT (Mar. W5) 

Technical Analysis: LINK, HIVE, DOT, BAT, FLUX and APT (Mar. W1) 

Technical Analysis: LINK, HIVE, DOT, BAT, FLUX and APT (Feb. W4) 

Technical Analysis: LINK, HIVE, DOT, BAT, FLUX and APT (Feb. W3) 

Technical Analysis: LINK, HIVE, DOT, BAT, FLUX and APT (Feb. W2) 

**What is Flux cryptocurrency and how does it work? **

Flux is the cryptocurrency that powers the Flux ecosystem. It has a number of uses including purchasing resources, collateralizing nodes and fuelling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources.

The Flux ecosystem is devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3


At this moment the Flux ecosystem consists of: a native, minable POW cryptocurrency ($FLUX), a powerful decentralized computational Flux Network (FluxNodes), a Linux based operating system (FluxOS), the premier digital asset platform (Zelcore) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access.


Currently (2023/1) Flux has a computational network consisting of around 15,000 decentralized nodes, distributed globally with more than 108,000 CPU cores, 288 terabytes of RAM and 6.7 petabytes of storage. That makes Flux the largest decentralized network in the world!

**For real-time data visit:** https://home.runonflux.io/dashboard/resources

The Flux Network currently hosts over 4,000 DApps, with more decentralized projects being added all the time. This is fuelled by the development of active partnerships with  other blockchain projects, businesses and app developers.
Flux is and will always be, an independent, community-driven and open-source project.

**What makes Flux unique?**

Decentralization is essential for the Flux Web3. There are many projects calling themselves “Web3” but they use centralized infrastructure, that means they are not decentralized and applications running on them are prone to being impacted by ‘single point of failure’ as centralized data centers experience downtime, which is constantly happening in centralized clouds. Flux is the first truly decentralized Web3 infrastructure, with no single point of failure and 100% uptime.
Flux has been developing PoUW. The impact Proof of Useful Work will have on both crypto and traditional industries will be tremendous. It is one of the biggest projects that Flux is undertaking and has the potential to transform how we view Proof of Work blockchains and solve the current sustainability issues that are often subject to negative attention from blockchain critics. 

Flux is looking to harness the vast amount of compute power its GPU miners use to secure the blockchain by getting it to solve real-world problems instead of the random problems used in traditional PoW chains. The types of real-world problems that could be used range from encoding video to predicting the weather to helping research teams with their machine learning models.

**What are parallel assets in the Flux ecosystem?**

Parallel assets can be likened to token bridges that allow assets to be ported from one blockchain to another. Parallel assets can be integrated with different applications, including those of decentralized finance on the Flux computational network, thus, removing the risks of those applications being limited to the Flux network. This way, development teams working on projects using Flux can maintain the uniqueness of their blockchains while still being able to access all the infrastructure they need in the Flux ecosystem. The Flux operating system (FluxOS) takes the interoperability provided by parallel assets further by enabling developers to run any application on any blockchain, thanks to the software’s cross-compatibility. Another advantage that comes with Flux parallel assets is the creation of new opportunities for arbitrage trading. Flux traders can spot differences in the price of flux parallel assets across different DEXs and quickly take advantage of them by swapping native Flux for that parallel asset. This can happen in only a few seconds by using ‘Fusion’ built into the Flux wallet (Zelcore) 

In April 2021, Flux launched its first parallel asset, Flux-Kadena, followed by Flux-ETH and Flux-BSC existing on the Ethereum and Binance Smart Chain. By the 3rd quarter of 2021, Flux-Sol and Flux-Tron were distributed to native Flux holders. Flux-Avax has been the first asset to be distributed in 2022 with Flux-Ergo in September of 2022. In all, there are going to be ten parallel assets of which seven are now deployed with three more to follow.

**What is the FLUX supply, allocation and distribution? **

There will only ever be 440 million FLUX. The 440 million can reside on any of the parallel asset chains or on the native Flux chain as they are able to move between chains, so while the circulating supply will be distributed across many chains, the maximum supply will always be 440 million. Current (2023/1) circulating supply is 285,978,944 FLUX; 120,333,500 FLUX of which is locked in Flux nodes.

Flux has been GPU mined since day one; no ICO/IEO/Pre-sale was held.
FLUX Token Allocations:
94.7% is owned by users
2,9% Flux Foundation 
1,7% Exchange Listing/Liquidity
0,7% Flux Team


The block reward is divided by 50% POW and 50% to FluxNode operators. A mining block currently carries a reward of 37.5 Flux. For each block 37.5 Flux are also distributed to node operators in a deterministic round robin system with the reward being split between three node tiers. As more nodes join a tier the time between rewards grows as the ‘queue’ in the round robin system grows longer. This ensures a fair, transparent and predictable reward distribution to FluxNode operators. Both miners and node operators earn additional rewards through parallel mining which is the distribution of Flux parallel assets, this essentially doubles the block rewards, although the distribution of the unreleased parallel assets doesn’t occur until their release. 


**Who runs the nodes in the Flux network?**

Flux nodes are decentralized nodes run by users all over the world. Flux node operators have the option to choose setting up their node on their own hardware or they can use a VPS. Also we have several community node providers such as Hostnodes or GoldieTech nodes that run home-hosted nodes for anyone on their hardware. With currently almost 15,000 nodes Flux is the biggest decentralized network in the world. 

Flux together with partners Lumen Technologies and OVHcloud is working to bridge the gap between legacy infrastructure and Web3. Flux will be able to deliver a truly unique Web3 experience, backed with infrastructure ranging from edge computing enabled Nvidia Jetsons running in people’s homes to Enterprise level Lumen infrastructure utilizing adaptive networking and connected security solutions. The Titan program enables anyone to participate in deploying Enterprise-level infrastructure for the Flux network. It provides everyone with an easy way to support Web3 and doesn’t require any technical knowledge.

**What are the Node Tiers?**

Flux has 3 tiers of nodes
1. Cumulus: Requires 1000 $FLUX
2. Nimbus: Requires 12,500 $FLUX 
3. Stratus: Requires 40,000 $FLUX 

This collateral isn’t locked and belongs to users. Flux node operators are able to delete their node and sell collateral whenever they want. Current rewards for running a node can be seen on the FLUX dashboard – www.home.runonflux.io. 

Recently Flux introduced Titan on-chain staking. The Titan nodes are powerful Stratus tier Flux nodes operated by experienced Flux node operators. The Titan nodes leverage Lumen Technologies infrastructure to create attractive and powerful hosting solutions for Enterprise clients. To keep things decentralized, community providers have stepped up and stood up servers for Titan as well. To participate, all you need is to have 50 Flux in the official Zelcore wallet for the minimum Titan collateral. Via Zelcore, you will be able to lock your Flux in a 3, 6, or 12-month stake and participate in a shared Titan node on the FluxOS marketplace. After this time, you will have your collateral unlocked along with your staking rewards. You also have the option to auto-renew your stake, the Titan nodes will then auto-compound your original stake and rewards.

Current rewards for running a Titan node can be seen on the FLUX dashboard – https://home.runonflux.io/apps/shared-nodes.

Want to run a Flux node? Visit https://runonflux.io/flux-nodes.html for more information.
How do users benefit from Flux? What is the simplest way to take part in Flux? 
There are many ways of making the most of your FLUX. At first just by holding. Every time FLUX introduces a new parallel asset there is an airdrop of the new tokens to FLUX holders. Then running nodes, on-chain staking in Titan nodes and staking on Coinmetro. Of course you can also be a Flux miner! Thanks to parallel mining it is very profitable, because you not only earn Flux on the main chain but on all parallel chains as well, in a 1:10 ratio to FLUX. You can also earn FLUX by getting involved with the Flux community on Discord.
Who are important partners of Flux and how do these partnerships help the ecosystem?
Flux is extremely proud to be a part of Nvidia’s Inception program! Flux will be able to evolve faster through access to NVIDIA’s cutting-edge technology and experts, networking events, and co-marketing support.
Flux has partnered with Seeed Studio, which develops hardware for home-hosted Flux nodes.
Recently, Flux announced a partnership with Lumen Technologies (a Fortune 500 company) and OVHcloud (Europe's leading cloud provider). They will work together to increase the adoption of Web3 and the underlying next-gen technologies by creating an attractive technological platform for enterprise clients.
Flux is also working with the University of Applied Sciences in Geneva, Switzerland on PoUW use case buildout.


One of Flux's biggest partnerships is Kadena. Most of Kadena's nodes are hosted on the Flux network. This long-standing relationship has steadily grown over the years and today Flux is the default cloud platform for most projects in the Kadena ecosystem such as KDLaunch, Kaddex, KDSwap, Docushield, Timpi, Babena, Miners of Kadenia, KDABet, Kadcars NFT, KadeFi, Arkade, Kadena Weeb, and more. 

Outside the Kadena ecosystem, Flux also provides decentralized Web3 infrastructure for some (projects or Dapps) such as Kusama nodes, Polkadot nodes, Presearch nodes, Firo nodes, Ethereum light node, Rosetta Server, Raven nodes and explorer, Anchor Protocol, Haven Vault, Pangolin DEX, Aave Liquidity Protocol, Ergo Auctions, Osmosis, Dash nodes and explorer, Ragnar Finance, and more. Games and productivity apps have also found a home on Flux.

One of the great successes that has been increasing the number of projects that use Flux infrastructure to deploy their DApps, nodes or even part of their infrastructure is FluxLabs, an incubation and acceleration project for blockchain and technology-based projects with a focus on early stage startups in the emerging blockchain and cryptocurrency industries.

Learn more about FluxLabs: https://runonflux.io/fluxlabs.html

**Who are the Flux co-founders? **

Flux has three co-founders. Daniel Keller from the USA is a Co-Founder and Chief Strategy Officer of Flux. This technologically astute leader brings 25+ years of broad experience in technology infrastructure, operations and large scale project leadership, and the ability to bridge effective communication across all organizations. Tadeas Kmenta is the second Co-Founder, who has been developing the project since its inception and is currently working at the position of Chief Innovations Officer focusing on new and emerging technology developed on Flux and FluxOS. The third Co-Founder of Flux is Parker Honeyman, Chief Operations Officer, engineer who brings technical know-how and proven development processes to the project.

**Where to Buy Flux (FLUX)?**

FLUX is available on a variety of cryptocurrency exchanges depending on your region. For the latest list of exchanges and trading pairs for FLUX, click on our Flux market pairs tab.

Flux is available on many top exchanges, such as: Binance, BinanceUS, Crypto.com, Gate.io, KuCoin, and more.

To check FLUX price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Flux price page. Alternatively, use the dedicated exchange rate converter page. Popular Flux price pairs include: FLUX/USD and FLUX/EUR.

Trust Wallet

MetaMask

Binance Chain Wallet

SolFlare

Backpack

Phantom

Flux is the World's first decentralized Web3 infrastructure, fairly launched in 2018. By, and For the People, without VCs. An alternative to BigTechs, eg AWS.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Threshold

Reserve Rights

Memecoin

Orbler

Rocket Pool ETH

Fasttoken

Pixels

Lido Staked ETH

Biconomy

Mask Network

Pancake Games

ether.fi Staked ETH

ZynCoin

Medifakt

Wrapped Dogecoin

Kadena is a proof-of-work blockchain that combines the PoW consensus mechanism from Bitcoin with directed acyclic graph (DAG) principles to offer a scalable version of Bitcoin. Kadena claims it can provide the security of Bitcoin while being able to offer unparalleled throughput that makes the blockchain usable to enterprises and entrepreneurs alike. Kadena's unique infrastructure is decentralized and built for mass adoption because of its multi-chain approach.

Kadena promises industrial scalability that can support global financial systems and can be scaled as necessary. It also vows to remain energy-efficient at scale and deliver more transactions with the same energy input, another difference to Bitcoin. Moreover, Kadena offers crypto gas stations, which allow businesses to pay for their customers' gas fees and remove a massive pain point in adopting blockchains for business.

Kadena has already scaled its network from 10 to 20 blockchains and can do so again in the future, if necessary. This final addition to Kadena was its private Kuro layer-two blockchain, which supports up to 8,000 transactions per second across 500 nodes.

Kadena

Ocean Protocol

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token.
During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

Render

Akash Network

Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.

The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Kaspa

Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in  use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.

Fetch.ai

SingularityNET is a blockchain-powered platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace.

Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token — AGIX. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance.

With the benefits of LLMs and generative AI are increasingly exciting, their limitations are also becoming increasingly apparent. The convergence of structured knowledge with neural networks is emerging as the key to overcoming their shortcomings.

Uniquely positioned at the heart of this convergence, SingularityNET will prioritize the integration of Knowledge Graphs (KGs) and comprehensive Neural Symbolic tools for LLMs, with the goal of empowering developers to create the next generation of AI systems on the SingularityNET Platform.

SingularityNET is strategically positioned to become the Knowledge Layer of the Internet, leading the evolution of the emerging AI landscape while also laying the foundations for the Artificial General Intelligence (AGI) of tomorrow.

The team behind SingularityNET pioneered the development of an AI known as Sophia, which is described as the "world's most expressive robot". SingularityNET’s goal is to enable Sophia to be able to fully understand human language, and continue developing “OpenCog” — an AI framework that is hoped to eventually achieve a state known as “advanced general intelligence,” i.e. human-level artificial intelligence (or beyond).

The platform was first announced in 2017 and completed an initial coin offering (ICO) in December the same year, raising $36 million in just one minute.

SingularityNET

Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.

Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.

Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

Helium

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”

One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.

The ecosystem is based on two main technologies: Lachesis protocol and Opera.

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.

Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.

The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.

As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.

The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).

In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.

FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Fantom

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.

To learn more about this project, check out our deep dive of The Graph.

To date, over3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.

The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.

The Graph

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.

To learn more about this project, check out our deep dive of Arweave.

The Arweave network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information.

The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.

Arweave

Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. Verasity also provides payment solutions and a rewarding staking ecosystem with 15% yields guaranteed through to April 2024.

Powered by a mix of artificial intelligence (AI), machine learning (ML), and cutting-edge blockchain technologies, Verasity is building the most powerful advertising ecosystem in the world through VeraViews; developing an open-access payments platform through VeraWallet, the VeraCard, and VeraPay; and enhancing the attention economy through its patented Rewarded Video module.

Verasity

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.

To learn more about this project, check out our deep dive of Quant.

The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.

The main aim of Quant — using Overledger — is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.

Overledger allows developers to build decentralized multi-chain applications (known as MApps) for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).

Quant

Oasis is the pioneering layer 1 blockchain designed to enable scalability and confidential compute. Oasis is home to Sapphire, the first confidential EVM that empowers Web3 and Decentralized AI developers to build dApps with Smart Privacy natively on Oasis or other EVM-based chains.

ROSE is the native token of the Oasis Network used for gas fees, staking, delegation and governance. With a unique layered architecture, Oasis presents the optimal building and execution environment for DeFi, AI, GameFi, NFTs, the metaverse, data tokenization and DAO governance. Oasis also has native support for rollups at the consensus layer.

Oasis

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

NEAR Protocol

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.

Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com

Gala

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

To learn more about this project, check out our deep dive of Illuvium.

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts.

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).

Illuvium

What Is Ankr (ANKR)?

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users:

Ankr Build
Ankr provides comprehensive blockchain developer solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information across blockchains.

Ankr Earn
Ankr Earn makes staking, liquid staking, and other yield-earning opportunities easy and accessible to any crypto investor. Ankr creates the most scalable and decentralized staking infrastructure solution that aims to solve the capital inefficiency of Proof-of-Stake networks and similar blockchain consensus mechanisms.

Ankr Learn
Through Ankr’s learning tools, tutorials, and docs, anyone can become a better user or developer of blockchain-based systems.