Beam 2022 Week #7 - Shining Light on Beamers

Covering February 7th 2022 - February 13th 2022

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Beam News

Dear Beamers! 

Gear up for another exciting week as Beam's February developments continue. These include the upcoming confidential stablecoin on Beam; steady work on a Beam AMM DEX with Confidential Asset minting capacity; fixes to the Beam Web Wallet; improvements to Beam DAPPs and more! With every new development, there are also new community projects popping up. BeamX inches closer to achieving its vision of developing a community-governed self-sustained confidential DeFi protocol.

#Backend Update

-Beam Web Wallet fixes: Expect a significant improvement on the WSAM, allowing for faster loading time and pagination improvement. 

-1st Set of Marketplace V2 Improvements: Increased performance, loading speed of NFTs in the Gallery dApp leading to fewer wallet crashes.

-After 6.3 is released, the dev’s core focus will become to improve existing dApps & launch new dApps such as Voting, Play-To-Earn, AMM DEX, LPs etc.

-*WIP* AMM DEX with Confidential Asset minting capability

-The Beam Virtual Machine (BVM for short) offers many benefits over various alternatives including the EVM (Ethereum Virtual Machine), from zero fees on failed transactions to WASM powered efficiencies and the best-in-class privacy protocols.

-This being said, there are a number of benefits in Beam adopting an EVM compatibility solution, namely the developer network effect it has established, and the abundant tooling available.

The team is currently also brainstorming the implementation of a Polygon-like (Commit Chains) sidechain controlled by Validators using BeamX for both validating and bridging.

BeamNFT.art Competition

Hosted by ‘BeamNFT.art’ the 1st community-created NFT Marketplace on Beam. Compete for a $10,000 Prize Pool by completing Tasks, spinning the Daily Wheel and referring friends.

Prizes include $BEAM, $RAYS, NFTs, Coins, and an exclusive one-of-a-kind NFT created by the official Beam Team for the highest-ranked player on the leaderboard. Participate here.

*Beam NFT Minting Feedback Update:

- A few artists highlighted that we did not mint their collections. In short, they are right.

-The issue is Google Mail identifies some mails as spam; but since it is a group email, it doesn't enter the regular spam folder, rather joins a pending queue of emails that needs to be manually released.

-Rest assured, the team will upload the missing NFTs in this week’s minting on Thursday 17 February.

-Once Marketplace V2 is released, artists will have the ability to selfmint! In the meanwhile, refer to the official Beam guide for minting NFTs here

Is it PhilanthrOpen? GenerOS? Altru? CharityFi? 

Inspired by the Beamer “@jaredtelegram”, *Name WIP* aspires to create a confidential decentralized & a more scalable version of GoFundMe through leveraging Beam’s powerful privacy protocols to keep all donation information such as identity, amount etc. private and the ability to deploy smart contracts for a trustless & algorithm-based experience. Call it donating on the Web 3.0!

The project will be owned under the community-governed BeamX DAO. The initial dApp structure is currently being drafted and will soon become publicly available on the forum, so the Beamer community can add their voices and #BUIDL!

Shout out Beam Africa

A big thank you and a special shoutout to the Beam Africa community for helping draft the official Beam Wikipedia page!

Community

#GetYourConfidentialNFTsHere!

#GetYourCompetitiveSpiritOn

#PrivacyIsOurUniversalRight

#OurNewOverlordsBeamBots

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