Beam 2021 Week #44 - The Privacy Standard

Covering November 1st - November 7th 2021

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Beam News

A historic week for Beam, with the circulating supply hitting 100 million!


A huge milestone for Beam and a good time to reflect on all that has been achieved, and look forwards to what lays ahead. An absolute pleasure having the support of Beamers the world over as we push the boundaries on privacy and the decentralised financial applications coming with it!

Beam NFTs!

The first Beam, and first ever private(?), NFTs dropped on mainnet with a boom and a bang late last month with the BEAM NFT Halloween Competition. These came with the early Alpha NFT marketplace accessible right from within the wallet! This was met with great fanfare, and a lot of action on the voting and sale sides. With the end of the competition the team chose to put a hold on new NFT uploads until the self minting was enabled for all. The intention being to help scale and bring about the best standards for the NFTs, while improvements on the marketplace continue to take place!

If you haven’t already, jump in the Beam Dapp Store and checkout the NFTs on the marketplace! We have a thread going on the Beam Forum, to collect feedback and suggestion on both, so sign up and let your voice be heard!

Beam Token Standard!

In order to make the most of both Confidential Assets and NFTs running on the Beam blockchain, it is important to have a standard implementation for developers to be able to follow. One of the key reasons for such, is to enable interoperability with the assets themselves, and the protocols on which they are being used. This requires the Beam Token Standard, which will allow developers, wallets, marketplaces and DeFi applications to interact with the tokens in a predictable and unified way.

An initial draft for the Beam Token Standard for both fungible and non-fungible tokens is coming to the forum this week. Be sure to follow the news on Beam Twitter to be first to know when it drops, and give your valuable feedback and insights to help in shaping Beam!

Staking!

As you know the BeamX initial staking campaign kicked off last month. It has seen huge support and confidence from the community, with the numbers continuing to rise since the contracts went live!

Total Stakers: 5493

Farmed: 205,167.43 of the 1000000 for the first phase of staking

TVL in $BEAM: 19,081,311 (18.91% of circ. supply)

TVL in $: $13,750,680

If you are not yet staking, jump into the Beam Core Dapp and get your farm on! 🧑‍🌾

Community

Things are heating up!

One Hundred… Million!

From the horses mouth!

The ghosts and ghouls!


That is all for this week, but be sure to sign up, and stay tuned for all things Beam