Creating and exploring with Theia Chat, the first crypto world model! I've minted my NFT and am exploring new horizons. Join me: https://t.co/4RmY1ralBV
📸 The Moongate Voyager Pass snapshot date is coming up! Mark your calendars, October 14 @ 12PM (UTC +8) will be the cutoff to get whitelisted!
👇 If you haven’t already, you still have one week left to head over to Moon Odyssey and claim your WL spot!
https://t.co/Kg197WPZFl
Everything you need to know:
🚀 Launch Date: Oct 21 (limited to 6,969 NFTs)
📸 Snapshot Date: Oct 14 @ 12PM (UTC +8)
🎟️ 50,000+ points in Moon Odyssey = Whitelist
⛓️ Chain: Base
🏷️ Price: 0.005 ETH
🚀 * Introducing ArtRun and $RUN! * 🚀
ArtRun is a platform, powered by @zora on @base, for creating and trading *artcoins* - a hybrid of memecoins and nfts!
🔗 How it works:
You have 24 hours to mint. Once minting ends, the nfts become erc20 tokens with Uniswap pools (using zora’s erc20z standard) — no more tracking floor prices, just swap with instant liquidity!
💥 Mint the launch artcoin, $RUN, for free for 24 hours @artrun_io 🎨🏃
RT & drop your ens or address to have some extra $ART sent to you 👇
Parasail has successfully raised $4M in seed funding.
This new milestone will enhance DePIN service levels and user experience through our abstraction interface.
💡Version 1 of our Testnet Newton saw tremendous success because of the high level of support from the community with 600k+ wallets registered. Nevertheless, licensing issues required a comprehensive network upgrade. Despite its achievements, there was room for improvement, leading us to Testnet Newton V2 with stability fixes and security enhancements!
Allo Daily Frenzy - Loyalty Rewards Program is live on @Galxe. 🚀
- Complete daily tasks and get Allo points
- Climb the leaderboard
- Track Allo points on the RWArds dashboard. https://t.co/DGXgNO18l5
Limited edition Allo NFT giveaway is live. 🚀
As a special thank you for being part of the Allo community, we're giving away a limited edition Allo NFT to our earliest adopters!
To claim your reward, complete the tasks on Galxe ⤵️ https://t.co/fmHUk2b6bR
$ALLO Community Airdrop is now live on @Galxe. Earn points, rank high on the community leaderboard and track your Allo points on the RWArds dashboard.
Participate now ⤵ https://t.co/XVJEAJoitv
Learn and Earn with Allo program is now live.
Participate in the @Galxe contest and get Allo points. Check your RWArds dashboard for your points and leaderboard status.
🗓 Date: 29th May - 12th June
Click now - https://t.co/nQShc0O3N9
We're delighted to announce Nubit's integration with Babylon Devnet!
🚀 Congrats to Babylon (@babylon_chain) on their impressive $70M funding round!
As one of Babylon's closest collaborators, our collaboration reflects a shared vision for a secure and scalable blockchain ecosystem. 🧵
https://t.co/DztofrAHbW
Nubit Genesis Campaign on @Galxe is now live! ✅
Discover how Nubit enhances scalability and security as the leading data availability layer secured by Bitcoin.
Learn more 👉 https://t.co/v0wJeqB5T1
The entire gaming ecosystem seems to be lagging behind more popular narratives like AI and memes.
Study teams who are still actively building behind the scenes - one of those includes @Tabichain, the first modular gaming chain built with Cosmos stack that includes interoperability and multi-vm compatibility.
Below I expand on this new gaming L1 and their novel blockchain architecture while exploring their innovative token mechanics and cover how you can get ready for its launch.
#G_G
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1. TLDR
• Tabi is a modular gaming chain built using the Cosmos SDK with multi-VM compatibility (EVM, SVM or MoveVM) enabled by PolymorphismVM.
• It uses a ParallelBFT to enable parallel consensus to achieve 4x faster consensus.
• Introduces a novel $veTokenomics mechanism for the gaming L1 to align all key stakeholders though bribes and vote gauges.
• GTM includes starting with Asia to onboard the 1.5b gaming population + tap on rich IPs and cultural powerhouses.
• $TABI token and mainnet launch is scheduled to launch in Q3 2024.
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2. Blockchain Architecture
• Omni execution layer: Polymorphism VM with multi-vm-compatibility (EVM, SVM, MoveVM) + easy onboarding for traditional developers as they can build using any traditional languages and frameworks.
• Modular consensus layer: ParallelBFT consensus is used to propose and organise blocks in parallel. This allows >200k TPS per instance with instant finality and parallel execution.
• Modular security layer: Service can choose to use protocols like @eigencloud or @babylon_chain to enable shared security.
• Parallelism Sharding: dApps or games deployed as a standalone service + independent node (customise their own consensus mechanism and execution environment).
At the core of it all lies an economic model designed for sustainability + growth, aiming to incentivise users, developers and node operators which will be covered below.
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3. Collaboration over Competition
With the PolymorphismVM, a key component of the Omni Execution Layer, Tabi enables traditional developers to use any crypto native VMs or create custom runtime environments with any language and framework (mimicking traditional development run-times).
Key Features:
• Enhanced UX: Customisable gas tokens and payment methods to simplify signing and onboarding.
• Flexible Credentials: Supports various login methods, including wallets, DIDs, and SSO logins.
• Language Agnostic: Allows development in any language and framework.
Mass adoption and integration
PolymorphismVM simplifies blockchain development by removing complex concepts like gas fees and private keys - this hopefully promotes mass adoption of gaming devs.
It also enables other chains to support diverse language environments, easing the transition for traditional developers. Through the Omni Execution Layer, Tabi connects games across different chains into a unified gaming ecosystem, fostering collaboration over competition.
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4. Token Details
The ticker for Tabi is $TABI with a max supply of 10b, and 40% of it will be allocated to node mining rewards.
(a) Token utility
• Native gas token on Tabi L1
• Muh governance
• Staking to get $veTABI
• Incentives
(b) Staking
• $veTABI: Token holders (community) can lock $TABI for $veTABI for gauge voting on the Tabi ecosystem (similar to Curve) —> top voted games get higher rewards incentivising game developers.
• Supervisor Nodes: $TABI can also be staked with supervisor nodes to earn block rewards.
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5. Flywheel Effect
With their tokenomics structure, Tabi effectively creates a twin-flyweel effect:
• $TABI and $veTABI strengthens ecosystem participation from both the community and developers to promote a healthy economy.
• All stakeholders are incentivised to be active and participate in the ecosytem —> aligning everyones’ interest.
• $veTABI gives users voting rights to support their favourite games. The flywheel: users vote on top games —> better games built —> distribute more rewards to users —> more users enter the ecosystem.
The in-economy flywheel kickstarts a bigger flywheel for Tabi: as more users and better games enter the ecosystem —> Tabi can attract the best games + vampire attack games from other ecosystems —> this brings in even more users + node operators + game developers which increase the demand for $TABI + stake $veTABI for more voting rights —> token does well which will increase the value for $veTABI and continue the in-economy loop —> on-chain revenue is also directed to game developers which ensures sustainability.
This brings the concept of bribes and vote gauges popularised in DeFi to the gaming ecosystem, another strategy compared to doing a vanilla NFT mint and gaming token launch.
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6. GTM
• Start with Asia where there is a huge gaming culture with rich IPs and cultural influences (e.g. anime).
• Asia also has 1.5b gamers (half of the entire world’s gaming population) and China, Korea and Japan remains powerhouses of games.
• Onboard strategic partners such as incubators + Asia-based gaming studios + gaming guilds.
The Tabi testnet + Voyager campaign is currently live for users to interact with the chain.
There are currently ~20 games building on Tabi as of current time of writing. These games have raised from large investors such as @animocabrands, @Sfermion_ and @TheSpartanGroup:
• @gabby_world_
• @Wizzwoods_game
• @cradlesio
• @degen_game
• @Anome_Official
• @genki_cats
• @heroguys_io
• @crazyantsonline
• @WandererGamefi
• @KeplerHomes
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7. Traction
• About ~20 games onboard that will be deploying on Tabi.
• Leveraging other ecosystems’ communities to find PMF (e.g. Tabi’s first incubated + flagship game @Wizzwoods_game, is currently in testing on the @berachain testnet).
• Tabi testnet: Over 20K DAUs, 4m wallets and >86m transactions.
• Launched the Voyager campaign aiming to bring more users to the ecosystem through social media onboarding + invitations.
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8. Valuation Comps (30 May 2024)
With recent L1 fundraises, we expect Tabi to raise a fundraising round at a valuation between $200-$500m FDV. Exploring a tier 1 listing strategy would imply a minimum $1b FDV upon listing.
Comping it against other gaming L1s:
• Immutable ($IMX): $3.3b MC / $4.5b FDV
• Beam ($BEAM): $1.3b MC / $1.6b FDV
• Ronin ($RON): $980m MC / $3b FDV
There is definitely (potential) significant upside for Tabi with the right execution, but must be noted that incumbents already have traction with users + games + developer community. Tabi would have to offer something exceptionally different to vampire attack different stakeholders to their ecosystem.
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9. How to Participate in Tabi’s Campaign
(a) Wallet setup
• RPC network name: Tabichain 1.0
• RPC URL: https://t.co/oKpEkKAXyN
• ChainID: 9789
• Symbol: TABI
(b) Get started
• Request for testnet tokens: https://t.co/yiAOw92UAG
• For devs, deploy contracts at https://t.co/jkI6DHY3Fe and for users they can participate in the Voyage campaign at https://t.co/WAhbU9BA2T
• Testnet explorer: https://t.co/ACUiHqdcq3
(c) Tabi Voyage Campaign (airdrop campaign)
• Sailor’s Quest (Discord + Twitter activities)
• Invite quest (inviting friends to join the campign https://t.co/WAhbU9BA2T)
• Reddit Quest (onboard Reddit community)
More details here: https://t.co/1OSvsOCYKq
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10. Personal Thoughts
(a) Upsides
• Beyond technical innovations, Tabi tries to introduce a sustainable economic model through user and developer alignment though its twin flywheel model.
• Users and developers are seamlessly integrated with validator nodes (Supervisor Nodes) and this is powered by an incentivised governance mechanism ($veTokenomics).
• Backed by big brands such as Binance Labs (potential entry into listing) and Animoca Brands (distribution + biggest gaming investor).
• Differentiation amongst other gaming chains through being the first Cosmos gaming chain + $veTokenomics flywheel + partnerships with Eigenlayer + Babylon Finance.
• $veTokenomics has the potential to align incentives of all stakeholders involved (players, game devs, and the chain).
• Founder has a good track record of building projects, with his previous project managing to get listed on Binance with a peak FDV of $1.5b.
(b) Downsides
• Vampire attacking the market share dominance of Ronin, Beam and Immutable may prove to be an insurmountable task given they already have traction + stickiness.
• Tabi could be seen as a very Asian centric ecosystem which makes it hard to penetrate western markets.
• Introduction of $veTokenomics which is very complex and DeFi native may backfire since it targets a very niche audience (DeFi power users and whales).
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11. Miscellaneous
(a) Relevant links
• Twitter: https://t.co/ccVjeDNKOR
• Website: https://t.co/bH4hRka86F
• Docs: https://t.co/Vq51cUxe2F
• GitHub: https://t.co/4JF1ZhEYfL
• Blog: https://t.co/bg3nLhzO7Q
(b) People to follow
• @CryptoXavierLee
• @Lfuckjpg
• @Momoxu7
• @BenWAGMI
Thread done in collab with the Tabi team
<바이낸스, 왜 Tabi에 두 번 투자 했나? Tabi 노드로 토큰 채굴하기>
올해의 게이밍 체인 중 가장 기대감을 모으고 있는 프로젝트는 Tabi입니다. Tabi는 베라체인 게임 생태계를 인큐베이팅하며 게임 생태계 내 '리얼 일드' 컨셉을 도입했기 때문입니다.
바이낸스랩스는 두 번에 걸쳐 Tabi에 투자를 했으며, 애니모카 브랜드는 $600M의 벨류에이션으로 투자를 했습니다.
오늘은 농부님들과 함께 Tabi가 무엇인지, 그리고 Tabi 노드가 다른 노드들보다 왜 유망한지 알아보고자 합니다.
👉https://t.co/W83MkYc9As