
Hello everyone,
Today we would like to talk to you about ABEYCHAIN’s major accomplishments in 2022, and upcoming plans in 2023.
2022: a breakthrough year into the mainstream
– The ABEYCHAIN has shifted a 100% DPoS consensus, in order to achieve a better balance between efficiency, security and decentralization.
– ABEYCHAIN has partnered with XP.NETWORK for Cross Chain NFT Bridge Integration. This creates the foundation for ABEYCHAIN to launch cross chain NFT applications with other supported blockchains including: Ethereum, Polygon, Binance Chain, Avalanche, Tron, Solana, Cardano, GateChain, and more.
– The ABEY token has been listed on the LBank exchange – a top-20 exchange in the world.
– ABEYWORLD was introduced in April and has quickly taken its place as one of the Top Metaverse platforms in the world. With 1,000’s of daily users ABEYWORLD has taken the industry by storm and is a massive hit with users. Based on the ABEYCHAIN, ABEYWORLD is the first and only platform that allows users to not only have fun, but to make money in the Metaverse, with programs like Gold Rush and Lumber Yard. Users can acquire Land Plots, Build their own Houses, buy and sell NTFs, interact with other users. Citizens can earn a share of all the revenue generated in ABEYWORLD.
– Avatars were introduced in ABEYWORLD 2D. Now each person can have their own identity in ABEYWORLD. ABEYWORLD will be introducing more fashionable clothing and accessories to personalize your Avatar. ABEYWORLD 2D has also introduced a Guest feature, to allow more people to login and experience ABEYWORLD as a guest. We are certain that once they experience ABEYWORLD they will want to join us and be a part of the community.
– ABEYWORLD shares revenue with its qualified citizens based on their AP (ABEYWORLD Points). Revenue share is determined by your purchase volume in ABEYWORLD. For each ABEY spent in ABEYWORLD for qualified product purchases and participating in special activities, ABEYWORLD citizens can earn ABEYWORLD Points (AP). You can build, customize, and improve your ABEYWORLD assets such as your PLOTs, buildings, avatar, and other items. The more PLOTs you have, the more buildings you can build. You can also keep Improving and Upgrading, or “Level Up” your assets. All of this will help you accumulate more ABEYWORLD Points and increase your share of the Revenue Sharing Pool! As we look to the future for ABEYWORLD we will be introducing more ways for our citizens to have fun and make money. We can’t wait to tell you about some of the new and innovative plans we have in development now. These new and exciting programs will be announced soon.
– The new Fantase.io NFT platform has been launched to enable creating, buying, selling and trading of NFT assets on the ABEYCHAIN.
– The XRacer was introduced and the blind box NFT series was sold on Gate.io – another top exchange in the world. The game has since been consistently growing in popularity and influence in the industry.
– Development of ARC-1155 contracts has been completed to support trading and transfer of complex NFTs between users’ wallets.
– The Light Client Nodes has been created to improve efficiency and decentralization of the blockchain.
Upcoming plans for 2023:
First, we will be conducting a mainnet upgrade. This will include compatibility upgrades with the Ethereum Virtual Machine (aka. EVM), as well as increased compatibility with Ethereum Improvement Proposals (aka. EIPs). We also plan to make better use of existing web3 technology and open source standards to create more vertical applications.
We will also be updating our light client, or light node, to make the ABEYCHAIN more friendly for individual users and embedded devices, as well as more decentralized.
In addition, we plan to further optimize our consensus algorithm to further address the “impossible triangle” problem. This will make the ABEYCHAIN more decentralized, efficient, and secure.
Next, we have several infrastructure updates planned for the future. These include updates to our wallet software and blockchain explorer, as well as support for more public chain assets – this means more assets from other chains will become compatible with the ABEYCHAIN in cross-chain operations. We will also be optimizing more support for non-fungible tokens (aka. NFTs) and adding push notifications for the ABEY wallet.
Another key area of focus is the expansion and optimization of our oracle service. The oracle acts as a link between the blockchain and the real world, allowing smart contracts to interact with external data. It is an essential component for many DApps such as the decentralized exchange.
We are committed to building a strong and active ecosystem around ABEYCHAIN. This includes the development of more decentralized applications and the creation of a one-stop metaverse construction infrastructure. We will also be providing a complete and open-source development kit to support developers of ABEYCHAIN applications, as well as supporting more GameFi and NFT applications.
The ABEY Foundation has introduced a $10 Million Dollar fund to support worthwhile development projects for ABEYCHAIN.
Finally, you will find ABEYCHAIN at top blockchain conferences and events around the world, as we are devoted to take ABEYCHAIN’s global presence the to the next level.
Thank you for your time and I hope you are as excited as we are about the future of ABEYCHAIN.
– ABEY Foundation