A lot of speculation has been made on the impending declaration by the STEPN group however it has been uncovered that collaboration is being carried out between STEPN and BAYC to provide the STEPN consumers with the platform’s Realm 3 which will be built on the blockchain of Ethereum.
STEPN to Shake Hands with BAYC
STEPN has declared that after the effective operation of both the former realms taking into account SOL Realm as well as BNB Realm on their native blockchains, another advancement has taken place on the venue and it has developed a strategy to move ahead. In this respect, the platform issued an open letter addressing the customers in which it expressed its intention to launch the 3rd realm thereof entitled “APE.”
With the reiteration of the commitment that STEPN will keep on delving into the blockchain sector, the venue stated that the APE Realm will permit them to incorporate new communities as well as the elements of the exclusive brands to enhance the possibilities to be availed in future. It added that the respective move is a part of their mission which is to develop a bridge interconnecting Web2 as well as Web3 along with the incorporation of additional 100M consumers into the sphere of Web3.
As further mentioned within the open letter, the prominent difference to be made by STEPN is the integration of NFTs – representing personal identity-based aesthetics as well as concentrating on the expansion of consumer-base, along with turning STEPN into a highest ranking and conveniently utilized app) – rather than the addition of a unique chain. However, it is not known if Realm 3 of the platform will operate on the mainnet of Ethereum or if some scaling solution will be utilized by it in this respect.
The Ape Realm and Selection of Ethereum by STEPN
The venue disclosed that this move is being taken by it as a starting point for many of the partnerships that will be initiated by STEPN in the future. The objective of the project is to offer the clients a strong linkage between both the centralized as well as the decentralized webs. The reason behind moving toward Ethereum, as pointed out by STEPN, is that it is well-known for its smart contracts as well as a decentralized Ethereum Virtual Machine (EVM) for the processing of peer-to-peer transfers.
The other prestige of the Ethereum blockchain is that more than nearly 3,000 dApps are running on it at the moment. The respective applications like Uniswap (the biggest Decentralized Exchange (DEX) across the globe) can apply to receive grants to be delivered for these projects. STEPN also revealed that Ethereum has witnessed a lot of innovations as well as decentralization along with enduring several stress trials since 2014. Hence, keeping in view the depth as well as the performance of Ethereum, STEPN’s group considers that the very blockchain will be suitable for the large community thereof.
