KEY TAKEAWAYS
- The Avalanche Foundation collaborates with the Beam ecosystem, marking a significant partnership aimed at enhancing the gaming industry.
- Avalanche will mint $500,000 worth of Beam Node tokens and operate validator nodes, supporting Beam’s decentralization efforts.
- The upcoming Etna upgrade on December 16, 2024, will enable permissionless validation and delegation on the Beam Network.
- This collaboration is expected to strengthen both networks, with Avalanche’s support playing a crucial role in Beam’s future development.
The Avalanche Foundation has announced a significant collaboration with the Beam ecosystem, marking a pivotal moment for both networks. The foundation will mint $500,000 worth of Beam Node tokens and plans to operate several validator nodes following the Horizon upgrade. This development was detailed here.
The partnership between Beam and Avalanche is rooted in their shared commitment to the gaming industry. Beam, which was developed with gamers in mind, has found a natural ally in Avalanche, which has also focused on the growth of this sector. The collaboration has been ongoing since Beam Network’s inception using Avalanche technology, with both ecosystems working together on various initiatives.
Upcoming Etna Upgrade and Its Impact
The upcoming Etna upgrade, set to go live on the mainnet on December 16, 2024, is a significant milestone for Beam. This upgrade will enable permissionless validation and delegation of the Beam Network, addressing previous limitations faced by the community. The rollout of Beam Nodes is expected to follow soon after the upgrade.
The Avalanche Foundation’s commitment to minting Beam Node tokens and running validator nodes will further decentralize the Beam Network. This move aims to strengthen the new Layer 1 network by establishing a robust set of validators from the outset.
Collaboration and Future Prospects
The collaboration between Beam and Avalanche is seen as mutually beneficial, with both parties contributing to the advancement of the gaming industry. The acceptance of the ACP-77 proposal by the Avalanche community, which facilitates the Etna upgrade, underscores the strong foundation of this partnership.
As Beam continues to build on this foundation, the support from the Avalanche Foundation is expected to play a crucial role in the network’s future development and decentralization efforts.
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