Beam Bridged AVAX (Beam)Price

(AVAX)

Beam Bridged AVAX refers to the Avalanche (AVAX) token that has been transferred from the primary Avalanche network to the Beam network. Beam is a specialized blockchain ecosystem dedicated to the gaming industry, initiated by the Merit Circle DAO. It was originally built as a subnet on the Avalanche blockchain but has evolved into an independent Layer 1 network while maintaining deep technical integration with the Avalanche infrastructure. The project acts as a gaming-focused hub that provides a suite of tools for both developers and players. Its primary goal is to simplify the integration of blockchain technology into games. To achieve this, Beam offers a software development kit (SDK) that allows game creators to incorporate features like on-chain assets, account management, and marketplace functionality without needing extensive blockchain expertise. Key components of the ecosystem include: 1. Sphere: A dedicated NFT marketplace designed for trading in-game assets across various titles within the network. 2. Beam Companion App: A mobile application that allows players to manage their digital assets, track progress, and interact with games on the go. 3. Developer Tools: Comprehensive APIs and infrastructure that handle complex processes like gas-optimized transactions and asset minting. The network is compatible with the Ethereum Virtual Machine (EVM), meaning developers can easily port existing games and smart contracts from other Ethereum-compatible chains. While the native BEAM token is used for network transactions and governance within the Merit Circle DAO, Bridged AVAX allows users to bring liquidity and value from the broader Avalanche ecosystem into the gaming environment. The transition to a more independent Layer 1 architecture has introduced a proof-of-stake consensus mechanism. This allows community members to participate in securing the network by running or delegating to nodes. By focusing on high throughput and near-instant transaction finality, the project aims to support high-frequency gaming interactions and complex in-game economies. In summary, Beam Bridged AVAX represents the interoperability between the core Avalanche network and a specialized gaming environment designed to foster the next generation of Web3 games. It provides a bridge for assets to be used within a tailored ecosystem of marketplaces, decentralized exchanges, and interactive gaming experiences. Learn more

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