What is Phantasma Blockchain?
Phantasma Chain was developed with various features with a primary focus on decentralization. The phantasma team’s core message is that relying on centralized systems for information sharing entails multiple risks to both people and companies.
The Phantasma Chain blockchain ecosystem enables interoperability with other blockchains while upholding a decentralized governance structure. It is quick, scalable, and safe.
Its cutting-edge staking mechanism and dual token system enable users to easily access various digital products and services in communication, entertainment, marketplace, and storage. The aim is to create an ecosystem that enables the development of decentralized applications (dApps) that users desire to use directly and indirectly on the same chain.
What are Phantasma Smart NFTs?
The innovative design of Phantasma Smart NFTs divides NFT metadata between ROM and RAM. The ROM data of the Smart NFT is immutable, meaning that it cannot be altered after it has been created. Here, programmers and creators can keep the essential elements of their work without fear that someone might be able to tamper with it or change it in any way. The Smart NFT’s RAM enables NFTs to change over time without compromising trust between creators and consumers, adding a ground-breaking new layer of trustless programmability for developers.
An in-game character’s name can be changed, their level, age, and abilities can be upgraded, a weapon can have magical properties that are reflected on-chain, or the item can probably deteriorate over time and be used to balance gameplay. Only your imagination can constrain the possibilities; the technology is already available.
Phantasma Smart NFTs?
An infinite number of NFTs can be used to create a Phantasma Smart NFT. The real-time strategy racer 22 Racing Series from Phantasma gaming partner GOATi already uses this capability. Each hypercar you drive at speeds of up to 1000 kph in the game is made up of 20 to 30 different NFT car pieces. The cars may be disassembled into their component pieces within the game, mixed together, and then put back together to form a hypercar NFT once more. This is revolutionary and essentially unheard of in the NFT industry.
On Phantasma, you can inject assets inside your NFTs to give them a starting value or, for example, to assemble a collection of items you want to sell. There are no restrictions; you are free to inject 100 SOUL, 50 KCAL, 1 ETH, and, why not, 2 NEO into the same NFT. Furthermore, you can incorporate an NFT into an NFT, opening up possibilities for treasure chests and various other use cases. Artists already combine related artwork NFTs into a single NFT and offer the collection for sale as a whole at a discount.
The designers of NFTs have the option to encode a secret code into each NFT. This makes it possible to insert a secret URL that players may use to access extra content, serial numbers, or codes that unlock exclusive skills, levels, or other stuff in your ground-breaking NFT-powered game. The NFT owner is the only person who can access this content, giving your project even more exclusivity and appeal.
What is the SOUL token?
The Phantasma blockchain’s governance token is called SOUL, and its users are responsible for shaping how the platform develops. Your voting power rises with both the square root of the number of SOUL you bet and the length of time you’ve been staking, democratizing Phantasma, reducing the impact of significant token holders, and boosting the weight of ardent backers.
Additionally, your decentralized Phantasma storage allotment, which the block producers support, is proportionate to and increases with your stake. Your most important files can be safely stored on SOUL — encrypted.
How to buy SOUL token?
You have access to various platforms where you can purchase your SOUL. The reliable Kucoin exchange, which transports NEP5 SOUL via the NEO blockchain, is the most liquid platform. Both Uniswap (ERC20 SOUL) and PancakeSwap (BEP20 SOUL) have liquidity pools accessible.
However, using a reliable international exchange like Gate.io makes purchasing SOUL the most straightforward option.
Is Phantasma SOUL a good investment?
By 2022, Phantasma is currently trading at $0,19 and has a market size of almost $19,915,587, placing it at position 572 on the list of the most valuable currencies.
Cross-chain, layer1, gaming on blockchains, and NFTs are the crypto industry trends. Phantasma SOUL is a mixture of all of them. With multiple games built on the platform and more in the way, Phantasma is in the right direction of becoming one of the biggest blockchains.
If you are thinking about investing in digital currencies, think about Phantasma. An investment in the currency over the long term could be pretty profitable. And if everything goes according to plan, it should reach its peak in the upcoming years. (This is not financial advice, DYOR)
