Since its inception, blockchain technology has proven to be nothing but revolutionary. Many industries use blockchain technology to power services. This includes the automotive and gaming sectors, as well as banking and finance. Many blockchains have emerged from the DeFi industry in recent years. These are all based on consensus mechanisms, such as Proof of-Stake or Proof-of Work.

NELO is one new blockchain that aims disrupting the DeFi industry. NELO uses the Proof of-Stake consensus algorithm and is designed to help developers implement their metaverse and game projects on Ethereum-compatible network. This product was launched recently and will help bring many game concepts to life. It also redefines the blockchain industry.

A Future Generations Ecosystem

NELO’s creation was inspired by the poor state of many blockchains. Many blockchains within the ecosystem have slow throughput and are not reliable, making them less suitable for evolving blockchain gaming, or even the metaverse. It is imperative to create a secure, scalable and fast blockchain that can support different projects, as the world looks to expand its virtual presence.

NELO can solve this problem thanks to the PoS consensus system. With multiple validators and other nodes, transactions are cost effective while security and scaling remain intact. Users can use their new Smart Chain to get the fastest, most reliable and secure crypto-world system available for gamification or the metaverse. NELO is a collaborative effort of passionate, enthusiastic developers who strive to make it the best possible experience for everyone trying to create a GameFi and metaverse project.

Shawn Tan, Head of Business Development and Marketing at NELO said that “Here, at NELO we are ready for the blockchain industry to be redefined.” To be the bridge between the future and the present – to create a harmonious ecosystem. Walter Tan, CEO, spoke about the reasons for developing NELO. He stated, “I believe innovations move humanity forward. Therefore, we will build an ecosystem that supports the future.”

NELO does more than create an environment for gamification or the metaverse. The environment is energy efficient and enables everyone to make their dreams a reality. Neloverse is the metaverse that will give players and creators the opportunity to make their games and then monetize them.

Neloverse allows creators to own digital pieces of land that they can use for building their games. The land can be used to host a game or play games. NELO also partnered with a skilled and experienced game designer platform in order to create its captivating metaverse game Neloverse. Neloverse should feature an innovative design and great interface. This will keep its players entertained and engaged. At the time this article was written, the game has been launched.

What’s next for NELO

NELO is planning several events in 2022. The new whitepaper V1, which will soon be published, contains a significant reorientation in company direction and tokenomics. They are also preparing to launch their testnet in March. For deploying metaverse game, plans are in place to create a sub-chain. This sub-chain will be used by developers to create their own chain.

Additionally, the oracle function will be used for verification on-chain. The random number function, which is similar to Chainlink’s VRF, but with a higher efficiency in game interaction as well as the use of tokens, is similar. The token can be used to interact with any game within the metaverse.

Additionally, the group will establish an ecosystem fund to help game publishers and prospects finance their games. NELO is planning to launch its centralized exchange in October 2022 and their launchpad in November 2022.

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