Tango Blockchain Brings Metaverse to the Future with Recent Launch
- S&P 500 ends slightly lower after jobs report
- U.S. job juggernaut rolled on in November; nonfarm payrolls up 263,000
- We are selling risk rallies - Bank of America's Hartnett
- United Airlines (UAL) nearing deal to order dozens of Boeing 787 Dreamliners - WSJ
- Meta Platforms says metaverse could contribute over $3 trillion to global GDP by 2031
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
The team behind successful blockchain game Binamon announces Tango Chain, an ecosystem to metaverses to life and enhance their accessibility
Buenos Aires, Argentina--(Newsfile Corp. - November 30, 2021) - The team behind the popular project Binamon have been hard at work developing a new project - Tango Chain has just announced the launch of their blockchain to breathe new life into on-chain metaverse operation and provide the next wave of infrastructure for the rapidly expanding metaverse ecosystem. An analysis by Emergen Research projects the metaverse market size to increase to $828.95 billion in 2028, up from 47.69 billion in 2020, growing at an expected CAGR of 43.3 percent during the forecast period. North America is expected to register robust revenue growth during this period because major technology companies like Facebook, NVidia Corporation, and Epic Games, Inc., intend to develop metaverse platforms.
Figure 1: Tango Blockchain Brings Metaverse to the Future with Recent Launch
In late October, Facebook said it was rebranding to Meta and would hire 10,000 experts in Europe to realize their metaverse ambitions. Since then, blockchain-based metaverse platforms like Decentraland have seen massive interest. According to trackers, the native token of the Ethereum-based Decentraland, MANA, is up over 450 percent in the last month alone.
Similar platforms like Sandbox's SAND have posted remarkable performances, rallying near 700 percent in the same period. The surge of metaverse tokens on Ethereum is despite the low scalability and high Gas fees. On-chain trackers show that a simple ETH transfer draws $37 in Gas fees; minting cost for NFTs on Ethereum is significantly higher.
Introducing Tango Chain - The Metaverse Saviour
The growing interest in metaverse technology and experiences highlights the need for a dedicated blockchain to power these activities seamlessly. Tango Chain provides many benefits and features to make that possible, including being fully compatible with Ether and ERC-20 tokens n the Ethereum blockchain while keeping migration costs to a bare minimum. It is the first specialized blockchain for Metaverses and the only network 100% specialized in games, created by gamers.
Other technical features of Tango Chain to consider include:
- The ability to process 20 blocks per minute to handle high-volume Metaverse transactions and activity.
- The Proof of Staked Authority (PoSA) consensus mechanism, providing top-notch security, stability, and efficiency for all users.
- Tango Chain Bridge to swap between assets and tokens, enabling future cross-ecosystem playing capabilities.
- The ERC-2324 NFT poly-game asset token standard to manage NFTs and in-game assets at high speed and efficiency.
The Tango Chain initiative goes one step further. The team is building a physical handheld console that you can use to explore the Metaverses built on this technology layer. The physical console features an integrated crypto wallet, supports fingerprint-approved payments, has multiple optimizations for Play-to-Earn gaming and the latest generation hardware, and is compatible with current consoles.
TB Labs, the developer of Tango Chain and popular game Binamon, comments:
"Tango will be a revolution not only for blockchain technology but also for Metaverses and play-to-earn games."
AGO Coin - Initial Fundraising Complete, IDO Soon
Activity on Tango Chain is subject to a small transaction fee, similar to how Ethereum and Binance Smart Chain operate. Users can pay these fees in the native AGO Coin, which has a fixed supply of 93 billion coins. Moreover, AGO will serve as a governance token and is used to pay rewards to network validators.
Tango Chain has completed initial investment rounds with great success and overwhelming support from investors. Furthermore, Tango Chain has partnered with DEXT Force and Huawei Cloud to bring the Metaverse experience to its console.
Further investment rounds, including a Strategic and Private round, will occur soon, with the strategic round beginning November 30 at 1PM UTC. An Initial DEX Offering for AGO will take place in the coming months.
About TB Labs
The Tango team is public, with offices in Argentina and Spain. It is the same team that has created the success of Binamon, a Metaverse project that has already done more than 100x since its launch, and a week ago, announced a land sale collaboration with Binance NFT. The team's close ties with Binance and highly reputable exchanges like KuCoin, in which the BMON Binamon) token is listed, give the clue that Tango blockchain will be the next gem that the entire crypto market is looking for.
Company Name: TB Labs
Email Id: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105671
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BrainTree Nutrition Launched Products to Provide Second Line of Protection for NFL Players
- STACK Infrastructure and ESR expand their APAC partnership into Japan with a 72MW data center development in Osaka
- The Favour Dental Announces Full Mouth Rehabilitation Implant Denture Case Study
Create E-mail Alert Related CategoriesNewsfile, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!