Market Analysis Report (12 Aug 2021)

The gaming social network, fruitlab, has partnered with layer-2 blockchain solution Aventus Network to process fruitlab tokens at speed, scale, and a fraction of the normal cost.

Fruitlab’s creators earn revenue from the sharing and engagement with their content in the form of fruitlab tokens, called PIPs. PIPs provide a secure method for creators to monetise content posted on fruitlab. With more than 600,000 registered players and 100,000 monthly active users, fruitlab expects to generate half a million monthly transactions on the Aventus Network.

Aventus will securely execute all fruitlab’s token transactions on blockchain, bringing rewards for Aventus Network validators and a scalable, long-term framework for fruitlab’s community. Once PIPs are tokenised, transactions and associated fees will be processed via the Aventus Network with a minimum of ten million historic PIP transactions due to be onboarded on top of the expected half a million new transactions per month.

This brings the current total of historic transactions on the Aventus Network to more than 18.5m. These transactions are a significant boost in transaction volume for the Aventus Network and the potential value of staking as a validator for Aventus Token (AVT) holders.

Anyone holding Aventus Token (AVT) can easily apply to become a Validator. The Validator Registration Program is currently more than 80% full and will close to new Validators soon.

The partnership will also see fruitlab and Aventus establish a system whereby content uploaded to the platform can be represented as non-fungible tokens (NFTs) forming a secondary market in which creators will be able to sell NFTs to other community members. 

More about Aventus: click here

To become an Aventus Validator before the program is 100% full: click here

Source: https://www.cryptocompare.com/email-updates/daily/2021/aug/12/