NFT Marketplace Tabi Launches Tabi Chain

NFT marketplace Tabi launches Tabi Chain

Announcement of the Launch of Tabi Chain

In a recent announcement, Tabi revealed that Tabi Chain will launch a testnet in February of this year. The project is currently calling for developers to register and participate in its gaming ecosystem.

We welcome every developer interested in joining the Cosmos gaming ecosystem to fill out this form

🔗:https://t.co/cdNmCsj2q1
Let’s ignite a blockchain gaming revolution! 🚀🌌

— 𝗧𝗔𝗕𝗜 🎮 (@Tabi_NFT) January 20, 2024

Tabi is an NFT marketplace built on the BNB Chain ecosystem. In May 2023, Tabi successfully raised $11 million in funding from renowned funds such as Binance Labs, HashKey, Animoca Brands, and more.

Tabi Chain, the gaming blockchain, will be built on Cosmos, a decentralized network of independent parallel blockchains. It will also support Ethereum Virtual Machine (EVM) compatibility, allowing developers to use familiar tools and programming languages from the Ethereum ecosystem. Additionally, Tabi Chain will introduce its native token, TABI, which will be utilized for transactions on the network.

The trading platform attracts users through interactive farming activities, converting on-chain user activities into experience points, which can be used for future airdrop rewards.

Related: GameStop Shut Down Its NFT Marketplace Platform

Prominent Features of Tabi Chain

Tabi Chain is anticipated to offer a variety of features appealing to both developers and gamers. Notably, it will support non-fungible tokens (NFTs), unique digital assets representing items within the game or real-world assets like art and music.

The blockchain will emphasize scalability, enabling it to process a significant number of transactions per second. This scalability is crucial for gaming applications that require rapid and dependable transaction processing.

In 2023, the GameFi market has experienced a relatively sluggish performance with few notable advancements. According to a study by Footprint, 73% of GameFi projects had fewer than 10 active players in October. However, the sector is leaning towards improvement and foundation-building, evident in the acceptance by traditional gaming giants like Square Enix and the issuance of the Sorare Law in France to regulate crypto gaming activities.