The foundation of the open metaverse
Today, we’re excited to announce and explore two key developments establishing Sylo as the communication foundation for the open metaverse.
The first involves how we are grounding Sylo Nodes and the Sylo Network as key functionality for the open, decentralised version of the metaverse, in association with Fluf World and their incredible group of companies.
If you have been following Fluf and their community, you may have seen that the latest addition to the FLUF World ecosystem is a group of rebellious robot NFTs by the name of ‘the Seekers’.
This is the secret NFT project from our 2022 roadmap and we are pleased to confirm today — not just that this is a Sylo-born initiative — but also to share a little more as to what the Seekers are and how they relate to the Sylo Network.
It is now official… let it be known that….
The Seekers ARE Sylo Nodes (and a whole lot more…)
As the Lore goes, Seekers were created for the purpose of empowering individuals to connect and trade across the open metaverse, within FLUF world and beyond. They are the Sylo Network personified, the custodians of open and decentralised communication in the metaverse, and the key to ensuring the metaverse doesn’t go the way of Web2.0. We’ve also heard they are the best robot sidekick in the whole wide metaverse, there to help you navigate the burrows one adventure at a time…More on this to come.
Head over here to join The Found and to keep up to date as this project evolves.
Secondly, in another exciting next step on our journey to mainstream decentralised communications, we’re pleased to announce today that the incentivisation of the Sylo Network will be on CENNZnet. Sylo will still exist as an ERC20 on Ethereum, retaining compatibility with our current exchanges, but will be able to be seamlessly bridged across to CENNZnet to be used to efficiently incentivise our Node infrastructure. This lines up with our Phase 2 goal of incentivising the network.
Our move to CENNZnet is a logical step to bring the Sylo Network in close alongside our key metaverse partners. By shifting the Sylo Network to CENNZnet, we are better placed than ever to support the expansion of these digital worlds, ensuring that the next stage of the metaverse fosters open communication, collaboration and decentralisation, rather than more walled gardens.
On the practical side for users, we anticipate that those who find Ethereum’s gas fees disagreeable will be pleased by this choice to shift chains, as CENNZnet is a blockchain free from the issue of Ethereum’s exorbitant gas prices.
[You can read more about how Transaction Costs work on the Sylo Network here.]
For a cost comparison please see our incentivisation calculator to let you explore how your node might perform under a variety of situations, by varying gas prices, exchange rates, and the amount of relay performed by the network. It will also allow you to explore how changing the parameters of the Sylo Network affects the earnings of the participants.
[For a walkthrough of how to use the calculator, check out this article.]
Further details on how to bridge, how to create your incentivised Node and how to contribute as a Seeker is still to come. All will be revealed in the lead up to turning on incentivisation.
Please note: Our Liquidity Mining program will remain the same — the incentives are still going to be present on ETH and will continue to be paid out in [ERC20] SYLO.
(And if you’ve had an eye on our roadmap, you would have seen this deliverable highlighted in our activities for Q1, 2022).
Thanks again for joining us in laying a decentralised foundation for the open metaverse. We’re stronger together.
Until next time,
We welcome your questions and feedback regarding this important next step in the evolution of the Sylo Network.
If you have any questions or queries, please feel free to reach out to our team at [email protected]