KEY TAKEAWAYS
- YOM is migrating its $YOM token from Solana to the peaq L1 blockchain to enhance utility and accessibility.
- The migration addresses challenges on Solana and will involve a 1:1 token swap via LayerZero.
- YOM’s cloud gaming infrastructure, DePIN, aims to provide low-latency gaming globally without dedicated consoles.
- The partnership with peaq is set to expand YOM’s infrastructure and reach into 2025 and beyond.
YOM has announced the migration of its native $YOM token from the Solana blockchain to the peaq L1 blockchain. This move follows their initial collaboration on the Genesis Series and aims to enhance the token’s utility and accessibility.
The decision to migrate was influenced by the challenges faced on Solana, where the proliferation of meme tokens has overshadowed more serious infrastructure projects. YOM plans to execute a 1:1 swap from the current SPL protocol to the EVM protocol on the peaq network via LayerZero in the coming months.
This migration will open up new liquidity avenues for YOM, including platforms like Uniswap, 1inch, Rocketlaunch, and Pancakeswap, while maintaining liquidity on Solana. The company has also launched an alpha network, running a node in Amsterdam, which demonstrated the capability to stream a third-person shooter game developed in Unreal Engine 5 with low latency and high performance.
Expanding Cloud Gaming Infrastructure
YOM is pioneering a cloud gaming infrastructure known as DePIN, which streams games and entertainment formats to various platforms, including Telegram. The network leverages a distributed system of gaming machines to offer low-latency, cost-effective cloud gaming globally, eliminating the need for dedicated gaming consoles.
The alpha network aims to expand with approximately 50 testers worldwide, deploying content to demonstrate its capabilities. Interested parties can apply to join the test program, with more details on the token swap to be provided as the network rollout progresses.
YOM’s partnership with peaq is expected to bolster its infrastructure and expand its reach into 2025 and beyond. The company is backed by advisors and firms such as Outlier Ventures and Borderless Capital.
For more information, the full announcement can be found here.
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