Beam, the innovative blockchain gaming ecosystem, has made waves with four groundbreaking developments. Having been teased on X (Twitter) as “The Horizon” for the past weeks, the announcement seems to have shaken all of crypto. Let’s have a deeper look into the project’s massive news, and find out how the statement “Beam is much more than just a gaming project” gets another ground.
Beam Ventures in Abu Dhabi: A Gaming Investment Revolution
Starting off this article, Beam is expanding its horizon into territories never before conquered in crypto: Beam is launching the first gaming-focused Qualified Investor Fund in Abu Dhabi, backed by a massive $150 million investment fund. With this, Beam Ventures aims to aid startups in gaming, blockchain, and AI, solidifying Abu Dhabi’s status as a global gaming leader. With an accelerator program set to launch in early 2025, this new initiative will attract top talent, driving innovation and collaboration across gaming technologies.
“Innovation has always been our North Star, and Abu Dhabi is the perfect epicenter for pioneering tech and gaming advancement,” said Mark Borsten, Chief Strategy Officer of Beam.
To read more on the fund, have a look at this Medium article.
Introducing BeamAI: Pioneering AI in Gaming
On the rise and often seen as this bullrun’s most explosive narrative, is artificial intelligence. It is of no surprise that AI is becoming more influential everyday and can have a huge positive impact on diverse fields in crypto. Though, a lot of crypto projects give themselves the “AI label” just to have a finger in the pie of the narrative. Beam proves the opposite:
BeamAI, the project’s newly established AI research division, focuses on integrating artificial intelligence into the gaming industry. By partnering with AI leaders like Aethir and Sophon, BeamAI is set to develop practical AI applications. These include lifelike NPCs, adaptive gameplay experiences, and efficient content generation, all aimed at enhancing the gaming ecosystem.
Beam even announced to have onboarded a University of Oxford-trained doctoral research mathematician specializing in deep learning, machine learning and artificial intelligence. So, it’s safe to say the project does not take the potentials and benefits of AI lightly.
Read more about BeamAI here.
Horizon Upgrade: Beam Becomes a Layer 1 Network
With Avalanche Network’s Etna upgrade, Beam transitions into a Layer 1 blockchain network with a permissionless proof-of-stake consensus mechanism. This move decentralizes the ecosystem, allowing users to become validators by staking Beam tokens and earning rewards. The upgrade also improves security, scalability, and accessibility for all network participants.
More in-depth information about this move by Beam will probably soon be revealed.
Node Initiative: Empowering Decentralization
Anticipated by the project’s strong community for a long time, they are finally here: Beam Nodes, another cornerstone of the ecosystem’s transition to a fully decentralized Layer 1 blockchain.
With Beam Nodes, the power to secure and validate the Beam Network is now in the hands of the community. $BEAM, $ATH, $ZENT, $SAGA and many more will be offered to those empowering the network.
Beam Nodes allow anyone meeting the network’s requirements to become a validator. Validators secure the network, process transactions, and add new blocks to the blockchain. To run a Beam Node, users must stake 1 Node Token and 20,000 BEAM, ensuring both security and decentralization.
The Node Token Mint starts December 17th, so make sure to check it out soon! For more information about the nodes, visit this Medium article.
Beam’s bold steps into Abu Dhabi, artificial intelligence, blockchain innovation and node distribution signal an exciting new chapter for the ecosystem. With these advancements, Beam takes the crypto scene to another level. Check out our complete coinreport to find out more about the project.
https://x.com/BeamFDN/status/186675499835430112
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