The biggest trends in Beam’s gaming interoperability

Interoperability and connectivity

Beam operates as a gaming-focused subnet on the Avalanche network. The platform works as a chain-agnostic layer atop various chains to provide access to the Beam network regardless of the underlying network used. The partnership with LayerZero provides an interoperability protocol that allows the minting of all game assets as omnichannel NFTs for easy transfer across different chains to help attract many new users. Beam works with Immutable X and Polygon Labs to bring the Sphere marketplace to the Immutable and Polygon ecosystems. In February, Sphere integrated with the Immutable zkEVM to let users own their assets through the marketplace. This helps the migration of tokens from various blockchains to the Beam network and back again. This functionality helps Beam attract new users by lowering the entry barrier to shift toward the network. The platform enables efficient in-game asset transactions and supports omnichain NFT creation and management. The network currently relies on only eight block validators on its subnet.

Asset management and developer tools

You already know that blockchain gaming requires liquidity, so focus on the asset movement. The Beam SDK is a toolkit for game developers to manage blockchain integration. The Sphere marketplace acts as a hub for in-game assets, while the Beam Companion App makes account and asset management easy. The Beam Hub provides an information platform for web3 games. Beam Swap and Bridge facilitate in-game currency exchange and bridging between chains. Beam operates as a decentralized finance platform that uses Mimblewimble and LelantusMW blockchain protocols to increase transaction anonymity and privacy. Beam manages six dedicated divisions that work in AI, trading, compute, and other frontier technologies. This lab works at the intersection of artificial intelligence, trading, and blockchain, supporting a wide variety of dApps that range from entertainment experiences to powerful data-compute tools. The ecosystem includes an industry-leading crypto-native treasury. This war chest supports a healthy developer and user community and lets the Beam ecosystem seize opportunities for growth and innovation. The Beam ecosystem provides a place for developers and enthusiasts to build next-generation blockchain applications.

Tokenomics and network evolution

The $BEAM token is the primary digital asset in the Beam ecosystem, paying all transaction fees on the network and providing governance for the Merit Circle DAO. $BEAM is available across Ethereum, Base, and Avalanche. The total supply reaches 63 billion tokens, while 46.28 billion tokens currently circulate on the market. The $BEAM supply decreases over time. Merit Circle DAO created Beam to address specific challenges in the blockchain gaming industry. Beam used the proof of authority (PoA) block validation method to process transactions. Merit Circle plans to move the platform to the proof of stake (PoS) validation model, which will allow the BEAM token to be used for staking. Will the transition from proof of authority to proof of stake satisfy all existing validators? Validators from the wider Avalanche platform can offer their resources to Beam to ensure the security and quality of the network. Merit Circle announced the migration of MC tokens to BEAM at a fixed ratio of 1 MC to 100 BEAM. The BEAM token acquires governance functions and replaces MC in this capacity once the migration is complete. All ecosystem value flows to the $BEAM token, which powers millions of transactions as the network’s primary currency. There are 250,000 holders using the $BEAM token to bet on the future.