in

Plasm Network & Shiden Network Partner With Doublejump.tokyo

Plasm Network & Shiden Network Partner With Doublejump.tokyo


The NFT circuit quickly garners global exposure with names like Stake Technologies and doublejump.tokyo joining hands. Stake Technologies, one of the names behind Shiden Network and Plasm Network, is now entering a partnership with the biggest Japanese NFT content creator.

How did the Partnership Occur?

Despite the market being filled with numerous blockchain networks, names like Kusama and Polkadot stand out. The reason behind their uniqueness is simple; they focus on interoperability, which is the future of blockchain.

Both networks can only support NFTs and smart contracts with the help of a parachain that supports the tools. Parachain can be defined as a blockchain network that connects to multiple networks and manages different procedures.

Shiden Network/Plasm Network or simply Plasm supports several VMs, and EVM is one of them. By integrating Plasm, doublejump.tokyo can enter the Polkadot community economically. On the other hand, doublejump.tokyo seems a reasonable choice for Stakes technologies due to the prevalence NFTs garner in Japan. The nation is the hub for anime and gaming culture, making NFTs an unprecedented phenomenon.

Plasm Network & Shiden Network Partner With Doublejump.tokyo

Joining doublejump.tokyo, an esteemed company with a proven history in the NFT circuit, Stakes Technologies can quickly enhance its proceedings. The NFT creator has joined hands with multiple games and IP companies, while their NFT games have placed first in transaction volume and DAU.

Offering Rewards

Plasm contains a native mechanism named dApps rewards that shares 50% of the block rewards with dApps developers. It allows users to co-create content that can benefit both parties.

The reward system made doublejump.tokyo chooses Plasm. Now dApps nominators can stake SDN or PLM in doublejump.tokyo’s smart contracts. This will allow both parties to earn block rewards, making it a viable choice for every user.

Sustainability is a Key Factor

Plasm and doublejump.tokyo has worked on multiple projects to address environmental concerns regarding blockchain use. doublejump.tokyo is attempting to reduce the use of proof-of-work mechanisms to score sustainability in the NFT sector. 

The recently-formed partnership is a testament to the commitment. Polkadot and Plasm use the NPoS (Nominated-Proof-of-Stake) method to operate the network instead of using electricity to protect the network. The approach uses significantly less energy than Bitcoin or Ethereum.

What About the Future?

doublejump.tokyo aims to deploy numerous NFT-based content on Plasm. Using the cross-chain bridges and scaling services offered by Plasm, doublejump.tokyo will improve its UX, global reach, and multi-chain adoption. After Shiden Network gets a hold of the Kusama Parachain slot, gaming projects running on MCH+ by doublejump.tokyo can use Shiden Network.

Stakes Technologies and doublejump.tokyo joining hands open the Pandora box of opportunities for NFT users globally. By using Plasm, doublejump.tokyo can easily enter the Polkadot community economically. Similarly, Plasm can enhance its NFT proceedings using doublejump.tokyo’s experience and knowledge.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Bitcoin Goes Over $40K After Paul Tudor Jones II Says He Wants 5% of His Portfolio in BTC

Bitcoin Goes Over $40K After Paul Tudor Jones II Says He Wants 5% of His Portfolio in BTC

Elon Musk Denies Tesla Selling Any Bitcoin Following Market Crash | CryptoGazette

Elon Musk Sells His Remaining House But Still Keeps His Bitcoin | CryptoGazette