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How Metaverse Gaming Is Getting Its Own Blockchain Thanks To NELO

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Mar 22, 2022

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It might have sounded like a plot device of a sci-fi movie a few years ago but the metaverse is now a real and tangible part of our world.

Partially thanks to the success of technologies like blockchain, the public seems more willing to embrace the metaverse. 

While many of us might not fully grasp the idea of a virtual world where we can carry out the transactions that we do in the real world, we are mostly familiar with the idea of games. 

As the metaverse gaming sector and DeFi continue to make headway and become a part of our lives, NELO, a gamefi and blockchain project, has taken the initiative to lead the charge of metaverse-blockchain initiatives. 

In this vein, NELO has announced a new slew of features that will help metaverse gaming rise to new heights. 

NELO To The World 

This new announcement from NELO comes after its rebrand and relaunch of its website which took place on March 21, 2022.

The decision to rebrand came about during the development of NELO’s Storms of War game after which the project’s focus turned to develop a blockchain that was made specifically for the metaverse.

More information on their tokenomics and company will be available in their new whitepaper V1 which is set to launch after their rebrand.

Usually, the development of a metaverse has to be configured to be compatible with various blockchains but NELO is avoiding this from the beginning.

The new blockchain, the NELO Smart Chain (NSC), exists to be configured to gaming needs. This includes being designed to ensure speed, security, and scalability for those who design games on it. 

There is also a lot of emphasis on the monetization of the games being developed as well as designing unique game experiences.

For example, Neloverse will be announcing collaborations with large fashion brands to create new experiences for customers. 

NFTs will also be a huge part of the Neloverse as LAND NFTs will be used to buy space for these experiences and gaming benefits.

While scalability and security exist in current blockchains, most of them were not built for the gaming sector at all.

This means that the unique needs of a gaming metaverse cannot be easily met by them. This leaves game developers usually settling for subpar experiences with these blockchains which affect the speed and efficiency of development. 

As the metaverse becomes more popular, however, this cannot be sustained and this is where NELO comes in. 

NELO’s Development

Currently, NELO is in the testnet stage of its development and this will last from March to August 2022.

This will include things like the development of the NFT Blindbox and Marketplace and will see the mainnet finally going live in September 2022.

With the mainnet launch, several NELO features such as its sandbox game launch and its exchange launch will go live, as per NELO’s current roadmap. In the future, NELO is eyeing the creation of a sub-chain deployer.

This deployer will mean that gamers can create their own chains using NELO’s technology and this will further aid game development. 

An on-chain verifiable random number function is also in the card for NELO and this will allow for developers to access using the native NELO token and with NFTs. In terms of financial support for promising games, NELO has also announced that it will be creating an ecosystem fund to support game developers in the future. 

All in all, NELO’s efforts are concentrated on creating as many resources as possible for metaverse games.

Using the tools that will be available once the mainnet launches, metaverse game developers can leverage all types of resources that aren’t being modified to suit them but were created for them from the start. 

This, in turn, means that the new influx of metaverse games will be better catered for and this is only bound to create good results in the short-term and long term.

More announcements and information on their company and tokenomics will be available in their new whitepaper V1, set to release after their rebrand.

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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