March 21, 2022
NELO Makes its Way into the World of Blockchain Technology
NELO is a protocol and infrastructure that leverages the Proof-of-Stake consensus algorithm to support developers in the deployment of their games and Metaverse applications alongside Ethereum-compatible networks. NELO, which is powered by GameFi and Metaverse, began its voyage on March 21st with the unveiling of their new website. NELO's major rebrand aims to provide the optimum possible experience for anyone seeking to construct a GameFi or Metaverse project.
The NELO team has rebranded NELO to establish a blockchain that will provide users with the fastest and most reliable system in the crypto sector for gamification and the Metaverse, spearheaded by Walter Teo, CEO & Founder of NELO.
Refocusing their efforts on bringing NELO's game to life on the new blockchain - NELO Smart Chain (NSC), which is now in the testnet phase and will launch its mainnet in September 2022. They aim to demonstrate to people what it's like to utilize a blockchain developed for the Metaverse rather than the other way around, as other competitors do.
In the physical world, the NELO team is made up of passionate creators that are excited about the future of GameFi and blockchain. These individuals are dedicated to providing the greatest possible experience for anyone attempting to establish a GameFi or Metaverse project. The concept for rebranding NELO came from NELO fans, with encouragement from Binance CEO Changpeng Zhao.
Many blockchains in use now promise high throughput and reduced costs, but they were developed before the blockchain gaming boom. As a result, they aren't designed for heavy game use. They are no longer suitable for offering high playability, a distinct economic model, and an intriguing incentive system.
However, NELO intends to address this issue by utilizing centralization validators and nodes to reduce fees and costs. They plan to collaborate with existing games to construct high-reliability nodes and enable a more decentralized approach.
Shawn Tan, Head Of Business Development and Marketing of NELO, speaks confidently about NELO saying:
"Here at NELO, we are ready to redefine the blockchain industry. Being the building block between the present and the future - to create one harmonious ecosystem"
NELO is a decentralized blockchain that is designed to meet all gaming demands. It provides a protocol and architecture for creating and linking Ethereum-compatible blockchain networks, hence removing the constraints of Ethereum blockchain networks.
Furthermore, NELO's aims and principles include speed, security, and scalability. Developers can use NELO to build and translate their vision into reality at no cost.
Blockchain technology is gaining popularity in a wider range of digital engagements, including gaming. GameFi establishes entirely new economies whereby users can own assets, earn tokens, and exchange them in marketplaces.
NELO also provides the first-ever GameFi-Metaverse oriented Blockchain to seasoned and young developers, as well as their users. NELO will construct their game to demonstrate their product using the new blockchain - NELO Smart Chain (NSC). To do this, NELO has formed a strategic relationship with a prominent software and game development company to co-create Neloverse, a new and thrilling NELO metaverse game. This game will be cutting-edge, with a compelling game design.
Players and producers in Neloverse can design their own game experiences and take the lead in monetizing their works within the game. Furthermore, NFTs will play an important part in Neloverse. Neloverse will also feature Game Maker tools, and players will be able to design their own voxel-based NFTs through VoxEdit. Every character developed will have their own place in the Neloverse, and NELO intends to collaborate with major fashion designers to create an entirely new experience.
Gamers can acquire NFTs such as LAND NFTs, which are digital pieces of real estate in the gaming metaverse that users can buy to create experiences. Users will be able to populate LAND NFTs with games and assets once they have purchased them. Furthermore, users can use the land for events such as hosting a game, playing games on the lands of other players, staking, or building districts.
About NELO (NSC)
NELO is a protocol and framework for building and connecting Ethereum-compatible blockchain networks, eliminating the barriers of Ethereum blockchain networks. Speed, security, and the ability to scale are the priorities and principles of NELO.
For more information on NELO, refer to their brand new whitepaper set to be released shortly after their rebranding.
BSC Contract Address: 0xe38950f71e2d2fc4ca9dc9c3625d82560b0a5d8f
NELO Smart Chain Explorer: https://analysis.nelo.network/
NSC Testnet dApp: https://nsctestnetdapp.nelo.network/