Phantasma emerges as a fully interoperable and decentralized blockchain, tailored for an array of digital goods and services. Since its mainnet launch in October 2019, it has established itself as a preferred platform, particularly in the realms of gaming and NFTs. This preference is largely due to its low minting and transaction costs, alongside its pioneering smartNFT technology integrated at the chain level.
NFT chain Phantasma
Phantasma is distinguished by several groundbreaking features that enhance its usability and functionality:
- Dual Token System and Staking Mechanism: Phantasma introduces a dual token economy consisting of SOUL and KCAL. SOUL tokens are staked to participate in governance decisions, secure unique names, and acquire storage on the network. Stakers are rewarded with KCAL tokens daily, which are used to cover transaction fees, mint NFTs, and deploy smart contracts, allowing users to operate on Phantasma cost-effectively.
- SmartNFT Technology: Phantasma has been a pioneer in developing SmartNFTs, which are NFTs with dynamic properties that can evolve based on specific conditions. This technology enables the creation of decentralized dynamic in-game items, time-based NFTs, multi-layered NFTs, and NFTs with locked content accessible only to the owner. These NFTs can be minted on-demand at significantly lower costs compared to other blockchains.
- Eco-Friendly Initiatives: Phantasma is committed to environmental sustainability, aiming to become the first certified carbon-negative blockchain. This initiative reflects a growing trend towards eco-conscious digital platforms.
- High Throughput and Interoperability: The platform supports high transaction throughput due to its infinite sidechains. Furthermore, Phantasma ensures seamless cross-chain interoperability with major blockchains such as Ethereum, BSC, and NEO through Phantasma Link, a user-friendly connector that bridges dApps, wallets, and blockchains.
- Built-in Oracles: Phantasma incorporates oracles directly into its core, facilitating enhanced functionality and integration of external data into the blockchain.
