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Metaverse, Gaming, NFT on NEAR Protocol

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NEAR Protocol, a cutting-edge blockchain platform that utilizes sharding to increase scalability and performance, has announced a major investment in gaming and metaverse ventures built on its blockchain. In collaboration with leading venture capital firms, NEAR Protocol will be investing up to $100 million in these projects, with the goal of driving innovation and growth in the space.

The metaverse, which is a virtual world that exists entirely within a computer-generated environment, has been gaining traction in recent years as a way to connect people and communities. Gaming, too, has become a major industry, with billions of players worldwide. And NFTs, or non-fungible tokens, have emerged as a way to represent ownership of digital assets, from art to collectibles.

The investment by NEAR Protocol and its partners will provide funding and support to entrepreneurs and developers working on projects in these areas, helping to bring their ideas to life and drive innovation in the space. The goal is to create new and exciting experiences for users, as well as to build a strong ecosystem for these ventures to thrive in.

\”We are excited to see the growth of metaverse, gaming, and NFTs on our blockchain,\” said a NEAR Protocol spokesperson. \”We believe that these projects have the potential to revolutionize the way we interact and create value in the digital world, and we are committed to investing in them to help make that happen.\”

This move by NEAR Protocol and its venture partners is a clear indication of the growing importance of blockchain in the gaming and metaverse space, and it is expected to lead to the development of new, groundbreaking projects in the coming years. For those interested in getting involved in this space, now is the time to start exploring the opportunities available on NEAR Protocol.

What is NEAR Protocol?

NEAR Protocol is a blockchain platform that uses sharding technology to increase scalability and performance. It\’s a software program that utilizes a network of computers to run a platform where developers can build and launch decentralized applications. The idea behind sharding is to divide the network\’s infrastructure into smaller segments, so that each computer or node only has to handle a portion of the network\’s transactions. This allows for faster and more efficient processing of transactions, making NEAR Protocol a powerful tool for developers looking to build decentralized apps.

How does NEAR work?

NEAR Protocol is a proof-of-stake (PoS) blockchain that utilizes its own sharding solution known as \”Nightshade.\” This unique feature sets NEAR apart from its competitors in the industry and positions it as a strong player in the blockchain space. Nightshade allows NEAR to divide its network infrastructure into smaller segments, resulting in faster and more efficient processing of transactions. This, in turn, makes NEAR an attractive option for developers looking to build decentralized apps. With Nightshade, NEAR is positioning itself as a powerful and innovative blockchain platform.

Nightshade

Sharding is a blockchain scaling technique that enables more transactions per second with lower transaction costs. It works by allowing each participating node to retain only a small amount of the platform\’s data. This helps to scale the platform more effectively as it reduces the amount of data that each node needs to process. As a result, sharding allows for faster and more efficient processing of transactions, making it an attractive solution for developers building decentralized apps on a blockchain platform.

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Five Metaverse, Gaming, and NFT Projects

Taobao Maker Festival

The Taobao Maker Festival, a showcase for young and emerging Chinese artists, is taking place at the Shanghai National Exhibition and Convention Center from July 17 to 25, 2021. The event provides a platform for artists to display and sell their works to a wider audience.

One artist who is making waves at the festival is Huang Heshan, a well-known Chinese NFT artist. Heshan is building his collection on the NEAR Protocol blockchain and received assistance from the platform in selling his work at the festival.

One of the highlights of Heshan\’s collection is the Bu Tu Garden Community, a set of 10 opulent single-family villas. This collection is part of Heshan\’s \”Toorich City Series,\” a group of unique NFTs that represent digital real derivatives. These NFTs are built on the NEAR Protocol and showcase the potential of this technology in creating and trading digital assets.

The Taobao Maker Festival is a great opportunity for artists like Heshan to showcase their work and for the general public to discover the potential of NFTs and blockchain technology. The use of NEAR Protocol in creating and selling these digital assets is a testament to the platform\’s ability to support the growth and development of the NFT market.

Reality Chain

A new multi-chain metaverse called Reality Chain is set to debut on Octopus Network, a substrate-based app chain network built on the NEAR Protocol. This innovative platform will offer immersive multiplayer capabilities and features that will elevate gaming and social interactions to a whole new level.

Users will be able to interact with NFT furniture, walls, floors, and other in-game assets that are fully tradable. The platform also includes voice and text chat functionality to make the experience more authentic. In addition, players will be able to stake their native $REAL tokens to launch a new metaverse, giving them the ability to create and shape their own virtual worlds.

This is a significant development for the NEAR Protocol and Octopus Network, as it demonstrates the potential of their technology to support the growth and development of the metaverse and NFT markets. With Reality Chain, players will be able to fully immerse themselves in a virtual world and interact with other players in new and exciting ways. It\’s an exciting time for the NEAR community, and the launch of Reality Chain is sure to attract a lot of attention from gamers and blockchain enthusiasts alike.

OP Games

OP Games is a blockchain-based Web3 gaming platform that is set to revolutionize the way players acquire, control, and exchange in-game assets. Currently, gaming platforms restrict users from bringing in achievements and skins from other games by locking digital collectibles into their own ecosystem. This can be frustrating for players and also requires a significant upfront cost for game developers.

OP Games is addressing this issue by converting entire games into fractionalized NFTs. This means that users can co-own the project and own a portion of the game. Not only that, players can benefit from price appreciation through this co-ownership and even have a say in the game development by participating in its DAO. This innovative strategy represents a revolution for game developers in terms of project financing and monetization.

This platform is built on NEAR Protocol, and it\’s the first of its kind to bring the concept of fractionalized NFTs and DAOs to the gaming industry. It\’s a game-changer for both gamers and game developers, giving them more control and ownership over their digital assets. With OP Games, players will be able to take their in-game achievements and skins with them, wherever they go and also have a say on the game development. It\’s an exciting development for the NEAR community and the gaming industry as a whole.

Hash Rush/Vorto Network

Vorto Network, a decentralized wallet and marketplace platform, is set to revolutionize the gaming industry by allowing players to buy and sell products across multiple games. The platform is being utilized in the real-time strategy game Hash Rush, where players can immerse themselves in the Hermeian cosmos, construct, compete, and exchange products.

The game utilizes a play-to-earn paradigm to reward players and promote a market for digital products, increasing immersion. The team behind Hash Rush plans to publicly unveil the game in early 2022. Vorto Network\’s integration allows for a seamless buying and selling experience for players, making it easy to acquire and trade in-game assets.

With the rise of blockchain technology and NFTs, Vorto Network\’s marketplace offers a new level of ownership and control for players, breaking down the barriers of traditional gaming platforms. The team behind Vorto Network is working to bring this revolutionary concept to the masses, making gaming more accessible and enjoyable for everyone.

Feiyu

Feiyu, a social networking site based on NEAR Protocol, is revolutionizing the way users express their creativity and engage in the NFT metaverse. With its built-in meme generator and a large NFT marketplace, Feiyu is providing a platform for users to share and create their own memes and GIFs. Incentivizing participation through rewards-based incentives such as earning the native token and obtaining NFTs, Feiyu is encouraging a strong community on the network.

One of the platform\’s latest projects, the \”pixel art battle,\” allows users to collaborate in chat rooms and create their own NFTs using an art board. By interacting with the artboard, users can gain pixels and receive Feiyu tokens in return, promoting teamwork and advancing the NFT development process. Feiyu is pushing the boundaries of the NFT metaverse and is set to become a major player in the industry.

An award-winning group of entrepreneurs and engineers created NEAR to be easy to use, inclusive, and environmentally friendly. A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures are just a few of the leading VC firms who support NEAR.

Are you new to the world of Web3 and the NEAR Protocol? Don\’t let the learning curve hold you back. Our beginner\’s guide to understanding Web3 is here to help. As a gamer, artist, creator, or influencer, it\’s important to stay informed about blockchain-based gaming and how it\’s shaping the future. Start by taking small steps, such as creating a crypto wallet, to familiarize yourself with the technology and be a part of the mainstream adoption of blockchain.

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What are blockchain nodes?

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Unlock the secrets of Web3 with our comprehensive guide to understanding blockchain nodes. Expand your vocabulary and stay ahead of the curve with our easy-to-understand explanations of the newest and most complex terminologies in the industry. From beginner to advanced, our resources will help you navigate the rapidly evolving world of blockchain technology.

Get the inside scoop on blockchain gaming and discover the benefits of operating a node. Learn about the role of nodes in the blockchain ecosystem and how they contribute to the security and decentralization of the network. Understand the rewards and incentives for becoming a node operator and find out how you can get involved in the exciting world of blockchain gaming. Our comprehensive guide will give you a clear understanding of what it takes to become a blockchain node operator and the benefits that come with it.

Simplifying the complexities of blockchain nodes – our guide makes it easy for anyone to understand. Learn about nodes in a non-technical and easy-to-digest way. Discover the importance of nodes in the blockchain ecosystem and how they contribute to the security and decentralization of the network. Get a clear understanding of the role of nodes and how you can get involved without feeling overwhelmed by technicalities. Our guide is the perfect resource for anyone looking to gain a deeper understanding of blockchain nodes.

What are blockchain nodes? Or blockchain node network

A blockchain node is a crucial component in the functioning of a blockchain network. It acts as a connection point or intermediary for transactions, receiving and forwarding information. These nodes play a vital role in validating transactions and ensuring the security of the network. Simply put, a blockchain node is like a small layover for transactions, connecting different pieces of the system and contributing to the overall functioning of the blockchain.

A blockchain is a digital ledger that records and verifies a continuously growing list of transactions. These transactions are grouped together in blocks, which are linked and secured using cryptography. A key feature of blockchains is that they are decentralized, meaning that copies of the ledger are distributed across the network and kept in sync by a network of nodes. Each node holds a copy of the transaction history, and the network as a whole is responsible for validating new transactions and adding them to the chain. This decentralized structure ensures the integrity and security of the blockchain network.

Blockchain technology is the future of secure and transparent transactions. With a decentralized and peer-to-peer system, there is no central authority controlling the network. Instead, nodes, run by individuals, validate transactions and ensure they are recorded across all nodes. The more nodes a blockchain network has, the more decentralized and resilient it becomes, making it a truly democratic system where elected teams of people or node operators are in charge. The beauty of blockchain technology is in its decentralized nature and its ability to democratize transactions.

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How Do the Blockchain Nodes Work?

There are three fundamental operations the blockchain node fulfills: maintenance, validity, and accessibility. As for types, there are ten nodes or maybe more, including Full nodes, Prunde nodes, archival nodes, authority nodes, mining nodes, master nodes, staking nodes, light nodes, lightning nodes, and supernodes. To simplify, we can classify them into three broad categories: Full Nodes, Light nodes, and Mining nodes.

Full Node: A Full node is a type of blockchain server that maintains a complete copy of the cryptocurrency\’s transaction history, stores and distributes data, and validates blocks. It comes in two variations: Pruned and Archival. A Pruned Full node has a memory limit and only keeps the most recent transaction entries, making it more secure but less storage-intensive. On the other hand, an Archival Full node stores the entire ledger, right from the start of the blockchain. This allows for a more complete historical record, but also requires more storage space.

Authority Nodes: Authority Nodes are a type of blockchain node that involve a moderator, elected by the community, to oversee a semi-centralized blockchain. These nodes act as a point of reference to validate transactions and ensure the integrity of the network.

Mining Nodes: Mining Nodes are a type of blockchain node that store a complete copy of the blockchain, but also participate in the mining process. These nodes use specialized equipment and software to solve complex mathematical problems in order to unlock new tokens and add new blocks to the blockchain. The reward for successfully mining a block is a bounty of 6.25 bitcoins.

What benefit does the node operator receive?

Becoming a Node Operator or Validator: To become a node operator or validator on a blockchain such as Gala or Avalanche (AVAX), you will first need to purchase a significant amount of the corresponding cryptocurrency. Additionally, some blockchain projects may require a license to operate a node. Another option is to purchase game nodes, which can support the blockchain project while also providing some entertainment value.

Node Operation as an Investment: Operating a node on a blockchain network is more of a long-term investment rather than a way to earn large sums of money quickly. Node operators can earn daily rewards in the form of cryptocurrency from the blockchain project they are supporting. Additionally, some projects may offer rare and valuable NFTs (non-fungible tokens) as rewards, either through draws or earned by participating as a node operator. These NFTs can have significant value and can be a valuable addition to your portfolio.

Learn More: In our next blog post, we will delve deeper into the earning potential and setup process for operating a node. Stay tuned for more information and tips on how to get started with node operation. Don\’t miss it!

For Game Developers: If you\’re a developer, be sure to check out our latest news report on what to expect in 2023 for mobile game development. Stay ahead of the curve and keep an eye on the latest trends and technologies in the industry.

How Not to Lose Your Money and Cryptos in Blockchain Games: A Must-Follow Guide

Protect your investments and ensure the safety of your crypto assets with this must-follow guide on how not to lose your money in blockchain games. Learn the best practices for securing your account, protecting your private keys, and avoiding common scams and frauds in the blockchain gaming industry. Stay informed and stay safe with this comprehensive guide on how not to lose your money and cryptos in blockchain games.

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