Gaming subnet ‘Beam’
It is with great pleasure that we announce an exciting new development: Beam, a blockchain network created for gamers and game developers. This gaming-focused blockchain seeks to become the home for dozens of fascinating games.
Allow us to tell you the story of Beam and explain how it fits into the Merit Circle jigsaw.
The power of autonomy
Roughly nine months ago, we announced our intention to launch Sphere, Merit Circle’s flagship, gaming-focused NFT marketplace, whose development was nearing its final stages. Soon afterwards, the industry underwent a sequence of dramatic events that meant it was judicious to put the release of Sphere on hold. There was no point releasing it until the conditions were right.
In the meantime, we kept up our dialogue with dozens of game developers, all eager to jump into the wonderful world of web3. These developers invariably loved the Sphere concept, but they also had one major question that Sphere wasn’t going to answer: which blockchain should we use? We realized that there was a gap here that needed filling.
Enter Beam.
Meet Beam
Beam is a sovereign network focused on gaming. Leveraging the technology of the established Avalanche network, Beam operates independently to cater towards gamers and game developers.
- Quick, simple and minimal fees: The Avalanche network ensures all subnets enjoy minimal fees and quick settlement without jeopardizing security through allowing their own configuration. Having the ability to adjust base fees and block time allows for optimization for transactions in games. One example here is the DFK subnet supporting DeFi Kingdom with 1.5 million transactions every single day for the past months with negligible fees for its users.
- Seamless deployment: Beam allows game developers to deploy their games on-chain seamlessly. Everything from smart contracts to gas-optimized transactions, asset management, oracles for web2 games and marketplaces can be provided on Beam, letting developers focus on their games.
- Trusted and vetted: Users can enjoy safe decentralized and autonomous applications by trusted developers allowing them to seamlessly move across the network. Initially, only whitelisted addresses can deploy new smart contracts to the subnet. To make this process happen in a fair and open way, token holders may propose what address(es) Beam allows.
The value that Beam adds resembles a sword that cuts on both sides. Slicing through the problems game developers are currently facing, Beam offers anything they may need on their quest of building a game using blockchain technology. The other side of the blade is the value Beam adds to the Merit Circle ecosystem participants.
With the Merit Circle token ($MC) used as gas on the network, a requirement for validators and potentially more utility on the horizon, the entire ecosystem will flourish with the release of Beam.
Games, infrastructure and more games.
You would have no reason to visit a grocery store without products or a carnival without attractions. With blockchains, it’s no different. To have a proper functioning network, you need decentralized applications using the network. From day one, Beam will launch with a wide range of products and games.
Proudly, we’re able to share that Beam will be home to titles like Trial Xtreme, Walker World, Hash Rush, Sphere and Edenhorde Eclipse. Besides that, there will be products such as an AMM and a wide range of infrastructural products. Do note that these games will not be live on day one of Beam, as we are dependent on their timelines.
Dive in below to find out more about the games and products confirmed to launch on Beam.
Hand-in-hand with Ava Labs
Realizing the volume of this challenge, we are thrilled to be collaborating with the renowned network Avalanche. In strong collaboration with both their developers, business development team and marketing department, Beam will find its way to the masses.
Having the support of an established ecosystem, strong supervision and more hands coming our way, we are confident that we are well prepared to start running.
Tip of the iceberg
Although we have shared the vast majority of our plans with the update above, there’s a ton yet to uncover. In the following months you can expect us to release more in-depth information on the functionality of Beam and its products. We want to incentivize any passionate soul that aims to build on top of Beam to get busy.
Want to learn more about Beam?
Products launching on Beam — HERE
Twitter: https://twitter.com/BuildOnBeam
Website: http://www.onbeam.com/
To stay up to date with our journey, follow Merit Circle on these channels:
Twitter: https://twitter.com/MeritCircle_IO
Medium: https://medium.com/@meritcircle
Discord: https://discord.gg/meritcircle
Website: https://www.meritcircle.io
Governance forum: https://gov.meritcircle.io/
Snapshot: https://vote.meritcircle.io/#/
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. There can be no assurance that the investments mentioned herein will be profitable. The digital assets referenced in this report currently face an uncertain regulatory landscape in several jurisdictions. The legal and regulatory risks inherent in referenced digital assets are not the subject of this content. The content speaks only as of the date indicated. Any reference to investments made herein are made by Merit Circle Ventures, held on trust for a purpose to accelerate and further the growth of the Merit Circle ecosystem. The assets held by Merit Circle Ventures are not controlled by the DAO or held on behalf of it. The DAO can however exert certain limited checks and balances on it and signal non-binding wishes to it via governance. Merit Circle Venture’s mission and purpose is aligned with the DAO’s.
