Phantasma

What is Phantasma Blockchain?

Phantasma is a blockchain platform designed to provide fast, secure, and scalable decentralized applications (DApps). It boasts innovative features, including smart contracts, side chains, and a decentralized storage system known as "Phantasma Storage." The platform's interoperability, advanced staking mechanism, dual-token system, sustainable tokenomics model, and eco-friendly smartNFTs position it as an ideal solution for digital goods, services, gaming, NFTs, and on-chain storage.

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Recent Video Interview

Main points of the interview:

• The importance of improving Phantasma's Explorer for user and developer comfort, aiming for a version similar to Etherscan.
• Plans to potentially remove the 50k SOL requirement for staking contracts.
• Phantasma's shift to focus on core chain strengths over internal projects like DEX and bridge development aims.
• Roadmap update introduces a new format "Now, Next, Upcoming" for agile planning, reflecting Phantasma's adaptive approach amid resource constraints.

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SmartNFT Technology

Phantasma stands out with its groundbreaking smartNFT technology. These NFTs have dynamic properties, enabling game developers to create decentralized, dynamic in-game items—a feat not achievable with traditional NFTs. The platform supports time-based, multi-layered, infused NFTs, and even locked content within NFTs, accessible only to the owner. The cost-efficient on-demand minting of these NFTs is a key advantage, providing a competitive edge over other blockchains.

Phantasma Link and Interoperability

Phantasma ensures seamless connectivity between decentralized applications, wallets, and the blockchain through Phantasma Link. The platform goes beyond its native capabilities by offering cross-chain interoperability with Ethereum, BSC, and NEO blockchains, showcasing high throughput due to infinite sidechains, and integrating Oracles into its core functionality.

Dual Token Economy

Phantasma's dual-token system, governed by SOUL and fueled by KCAL, adds a unique dimension to its ecosystem. Users can stake SOUL for governance, voting rights, and decentralized storage allocation. Additionally, stakers receive daily KCAL rewards, and those staking 50,000 SOUL or more earn the prestigious title of Soul Master, qualifying for monthly token distributions.

Gaming Excellence

Built in C# with Unity-Compatible SDKs, Phantasma is tailor-made for gaming. The platform delivers games through the Pavilion game hub by GOATi, offering an in-game economy powered by blockchain. It extends Steam functionality, allowing game developers to publish on Steam, Pavilion, or both, while users access their full Steam library. Phantasma's Smart NFT technology further enhances digital asset ownership for gamers and developers alike.

Staking Incentives

Staking SOUL tokens on Phantasma comes with a multitude of benefits. Stakers not only earn a decentralized storage allocation but also gain voting power and the ability to secure their on-chain wallet name. Moreover, there are token incentives such as daily KCAL rewards for staked SOUL, additional rewards for Soul Masters, and special NFT rewards called CROWNs distributed every 90 days. These CROWNs, infused with KCAL fees and block producers' SOUL allocation, provide unique powers and benefits to holders.

Team Background

The Phantasma team comprises skilled individuals dedicated to advancing blockchain technology. Alex Paukonen, holding a Master's degree in Information Security & Cryptography, played a pivotal role in reworking Phantasma's cryptography code and contributing to general code refactoring for Phantasma 3.0. With a background spanning over 20 years in Enterprise Software Delivery, Bill Petridis focuses on E-Commerce, Collaboration, and Content Management within the Phantasma software development team.

João "Tek" Novo, a Core Dev/Full Stack/Game Developer, brings his passion for games and Virtual Reality to the team. Meanwhile, "Dok," known as the ecosystem growth mad scientist, not only hosts the Phantasma YouTube channel but also provides valuable assistance to the Biz Dev team.

Partnerships

Phantasma proudly collborates with Wonderman Nation, Pavillion, Staking Rewards, Vulkania, Blood Rune, Save Planet Earth, Gamevolution, BGA,...

Project Development

Phantasma Blockchain and the Illini Blockchain Club at the University of Illinois at Urbana-Champaign (UIUC) have entered into a groundbreaking partnership aimed at advancing innovation, education, and practical applications of blockchain technology. This collaboration aligns Phantasma's cutting-edge blockchain infrastructure with UIUC's status as one of the top 5 Computer Science Universities in the United States.

The partnership envisions bridging the gap between theoretical knowledge and practical implementation. Phantasma, recognized for its eco-friendly and scalable blockchain solutions, will engage UIUC students in a 14-week development program, mentored by Phantasma's development team led by Paul West. This hands-on experience encompasses smart contract development, decentralized application (dApp) creation, and problem-solving, fostering critical thinking and innovation.

Beyond the educational aspect, the partnership includes a synergistic approach to gaming and education. A game night sponsored by GOATi will demonstrate the intersection of blockchain and gaming, providing entertainment while showcasing blockchain's practical applications in the gaming industry.

Phantasma Price Analysis

As of November 24 2024 Phantasma has a marketcap of $19M. This is {{percentagefromath}} from its all time high of $3.96. In terms of its tokenomics, there's a total supply of 124M with 100% currently outstanding. Keep in mind Phantasma has a fully diluted value of $19M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.