Place/Date: Argentina - November 29th, 2021 at 11:01 am UTC · 4 min read
Contact: Tango Chain, Source: TB Labs
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.
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.
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 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.”
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.
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.