Matrix World Integrates BNB Smart Chain!
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Matrix World announces the integration of BNB Smart Chain as part of the upcoming Castle Build.
BNB Smart Chain Integration
We are excited to announce the integration of BNB Smart Chain (formerly known as Binance Smart Chain) into Matrix World with our upcoming Castle Build. The addition of this chain is expected to go live next week. This integration aligns with our broader vision to establish Matrix World as a leading multichain metaverse, welcoming projects and communities from across the Web3 space, irrespective of their blockchain preference.
The BNB Smart Chain (BSC), launched by Binance in September 2020, operates parallel to the BNB Beacon Chain and is used for governance purposes. As an Ethereum Virtual Machine (EVM)-compatible chain, BSC leverages Ethereum’s toolset and offers fast transaction processing with 3-second block times and typically achieving finality within 2 blocks. The BSC 2024 roadmap aims to reduce gas fees by 10x and increase transactions per second (TPS) to 10,000 by mid-2024, further enhancing its appeal for Matrix World integration.
The market trend shows a growing popularity of BSC, particularly due to its connection with Binance, one of the leading cryptocurrency exchanges. This integration offers significant opportunities to increase our visibility in the cryptocurrency market and align with current trends like inscriptions, while also maintaining a stable network with low transaction fees and high demand. As a part of the BSC update, Matrix World will also introduce the ability to create inscriptions in world. This will enable landowners and registered users to create personalized memorabilia related to Matrix World.
BNB Smart Chain complements our existing chains Ethereum (ETH) and Flow (FLOW), which were introduced during our initial launch in late 2021. Integrating BSC will not affect existing land holdings or the land supply within Matrix World. We are also updating our Wallet UI/UX to enable future integrations with more chains and additional wallet support, allowing users to interact with their preferred chains as they choose.
The addition of BSC is a step towards our larger vision of making Matrix World a highly interoperable, multichain metaverse that will support numerous blockchain networks, aided by the Matrix SDK and Matrix App System. We’re excited to add BSC as the first of many chains to come.
Matrix SDK & Matrix App System
To establish Matrix World as a welcoming metaverse for developers, we are dedicated to creating robust tools. Developers will have access to the Matrix Software Development Kit (SDK), which not only supports multichain integration but also accommodates a wide range of game engines, including Unity. This approach offers greater flexibility and ensures a seamless onboarding experience.
The SDK provides developers with the necessary tools to interact with various blockchain networks, enhancing the versatility and functionality of the apps they develop. It also includes a comprehensive toolkit that simplifies app development, particularly in terms of blockchain compatibility. By using the Matrix SDK, developers gain access to standard Matrix World services, such as user authentication, social networking features, voice-over-internet protocol (VoIP) services, and more.
The Matrix App System, currently under development, aims to transform Matrix World into a central social hub. It will onboard and connect all web-compatible apps as Matrix World Apps. The Matrix App System will be powered by our Matrix SDK, enabling developers to easily interact with the Matrix World host and seamlessly load their apps within the Matrix World 3D space. Our mini-games, as featured in our upcoming ‘Castle Build’ release, will serve as showcases for this approach.
About Matrix World
Matrix World, established in 2021 by its parent company Matrix Labs, is its first and only multichain metaverse. Matrix World was created with accessibility in mind, not limiting developers and end-users to one blockchain. Each parcel is powered by its own computational power and storage resources providing the user complete control over what is built and the lifecycle of the objects on their land. In February of 2022, Matrix World successfully raised $5.5M from 17 investors in angel-round funding at a $50M valuation to support the growth and development of the Matrix World project.
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