NELO Makes A Grand Entrance Into the World of Blockchain Technology
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
NELO is a protocol and infrastructure that is leveraging the Proof-of-Stake consensus algorithm to help developers deploy their games and Metaverse projects alongside Ethereum-compatible networks. GameFi and Metaverse driven, NELO began its journey with the launch of their new website on March 21st. Through this grand rebrand, NELO intends to offer the best experience for anyone trying to build a GameFi or Metaverse project.
Spearheaded by Walter Teo, CEO & Founder of NELO, the NELO team has rebranded NELO to create a blockchain that would provide users with the fastest and most reliable system in the crypto space for gamification and the metaverse.
Redirecting their efforts to bring NELO's game to life on the new blockchain – NELO Smart Chain (NSC) which is in the testnet phase and is set to launch its mainnet in September 2022. They want to show users what it feels like to use a blockchain designed for the metaverse rather than the other way around like other competitors.
As a matter of fact, the NELO’s team is a group of driven creators who are enthusiastic about the future of GameFi and blockchain. These people are passionate about creating the best experience for anyone trying to build a GameFi or Metaverse project. The idea of rebranding NELO came from NELO supporters, and inspiration drawn from Changpeng Zhao, the CEO of Binance.
Many blockchains in operation today promise high throughput and low fees, but these were created before the blockchain gaming revolution. Therefore, they aren't built for the high usage of games. They are now unsuitable for providing high playability, a unique economic model, and a fascinating reward
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