SLAM token will serve as the official utility token of the SlamNet ecosystem
Today, the SLAM Foundation announced that key contributors from across the crypto industry are coming together to launch SlamNet, the information economy of Web3.
SlamNet’s mission is to power the flow of enriched, trusted data in Web3 and fuel the intelligence, commercial and financial applications critical to its prosperity and growth. It will empower a community of incentivized creators building upon its platforms.
"As Web3 continues to mature and mirror traditional economies, SlamNet will be the needed infrastructure to power its information economy,” said Randy Wasinger, Founder and CEO of CryptoSlam. “CryptoSlam is excited to be a key contributor to this groundbreaking effort.”
CryptoSlam is bringing the power of its market-leading Web3 data refinery and wide-reaching audience to SlamNet as its flagship data provider and launch contributor. Its team has been working closely with Animoca Brands since December 2023 on various aspects of SlamNet, including tokenomics, legal and strategic support.
Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 450 investments in Web3. Its mission is to advance digital property rights and decentralized projects to help build the open metaverse.
“Animoca Brands is proud to contribute to SlamNet’s vision as its tokenomics architect,” said Mohamed Ezeldin, Head of Tokenomics at Animoca Brands. “This collaboration marks a pivotal moment for Web3 because of the origin and maturity of the SlamNet ecosystem, which developed out of the need for NFT data and insights, and we’re excited to lend our support to its continued growth.”
The SLAM token (SLAM), to be launched by SLAM Digital later this year, will be the currency of SlamNet’s information economy and play a critical role in its governance through the SlamNet DAO. Details on the initial distribution of SLAM, to persons and places where the law allows, will be announced over the coming weeks.
Also to be announced is a growing list of additional contributors from across the industry who will be helping SlamNet fulfill its mission.
Upcoming educational forums will be held on social channels for industry partners and end users to learn more about SlamNet and how to become involved. In the meantime, the public is invited to explore the SlamNet Litepaper at www.slamnet.xyz and follow SlamNet on X for the most recent updates.
About the SlamNet Ecosystem
The SlamNet ecosystem will include the following components:
- Raw, decoded and enriched data – the fuel: Terabytes of data from CryptoSlam and other data providers, and across all major blockchains, will fuel each of SlamNet’s platforms.
- SlamLink – the pipeline: SlamLink will be the pipeline for raw, decoded and enriched Web3 data to fuel applications bridging the world of Web3 with larger, traditional off-chain economies. It will also be the backbone of SlamChain.
- SlamChain – the commercial district: SlamChain will serve as the commercial district for Web3 builders and end-users to transact through data-powered, smart contract applications.
- SlamX – the voice: SlamX will provide the platform for community-governed creators to inform and educate an ever-expanding audience of Web3 industry watchers.
- $SLAM – the currency: The SLAM token will be the currency of an entire web3 information economy and the official utility token of the SlamNet ecosystem.
- .slam NFT – the people: The .slam NFT is a collection of non-fungible tokens that will play a fundamental role in the usage of SlamNet platforms and governance of the SlamNet DAO.
- SlamNet DAO – the government: The SlamNet DAO will empower SLAM holders and .slam NFT holders with a critical role in the ecosystem's composition and direction. The DAO will consist of the House of SLAM and the SLAM Senate, each with distinct roles, responsibilities, and election processes.
For more information on SlamNet, please visit www.slamnet.xyz or follow on X.
About the SLAM Foundation
The SLAM Foundation is the steward of SlamNet and the SLAM token, tasked with administering the decisions of the SlamNet DAO. It is an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands.
About CryptoSlam
CryptoSlam stands as the premier multi-chain NFT data aggregator, delivering extensive insights and analytics across diverse blockchain ecosystems. From its early days, CryptoSlam has led the charge in the NFT industry, providing a unified platform for users, investors, and collectors to explore, scrutinize, and grasp the dynamics of NFT market trends and transactions. Bolstered by the backing of distinguished investors, including Mark Cuban, Reid Hoffman, Animoca Brands and many others, CryptoSlam persistently expands the limits of Web3 data aggregation and analysis, reinforcing its position as an industry pioneer. For more information, please visit www.cryptoslam.io or follow on X.
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 450 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240722382663/en/
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