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Lower Fees, Higher Scalability: How LAOS Network Disrupts Digital Asset Tokenization

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Khushbu Raval
Khushbu Raval
Khushbu is a Senior Correspondent and a content strategist with a special foray into DataTech and MarTech. She has been a keen researcher in the tech domain and is responsible for strategizing the social media scripts to optimize the collateral creation process.

Led by Dr Alun Evans, a gaming and tech visionary, LAOS tackles limitations in digital asset tokenization. This interview explores how LAOS’s features, like cost-effective minting and superior scalability, can disrupt the landscape and empower creators across industries.

Dr Alun Evans is a visionary leader in the ever-evolving blockchain and digital assets world. With over two decades of experience in game design and tech innovation, Dr Evans is the Co-founder of LAOS Network and the driving force behind Freeverse as a CEO of the company dedicated to building scalable blockchain infrastructure. His journey from co-creating “Barcelona World Race – THE GAME” to leading Shar3d.io and Bodypal.com reflects a deep passion for gaming and a relentless pursuit of technological advancement. Holding a Ph.D. in medical physics from University College London, Dr Evans’s expertise extends beyond gaming to creating solutions that merge Web3 technology with real-world applications.

Today, Dr Evans shares his insights on LAOS Network, a revolutionary platform that facilitates digital asset tokenization with minimal fees and unparalleled scalability. We delve into the inspiration behind LAOS, its unique offerings, and its potential to disrupt the gaming industry and various sectors reliant on NFTs and blockchain technology. Join us as we explore how LAOS Network aims to transform the landscape of digital assets and the exciting future it envisions.

Excerpts from the interview; 

What inspired LAOS Network to tackle digital asset tokenization with minimal fees and improved scalability, and how do you envision it disrupting the current blockchain landscape?

LAOS Network is a Layer-1, enabling game developers to create millions of assets on any EVM chain without paying native gas fees. Our initial inspiration came from seeing the limitations of in-game item trading, where players craved real-world value for their virtual items. Web3 infrastructure offered a solution by removing the legal hurdles of “being a bank” for games, paving the way for real-world trading of in-game items. Beyond games, there are also many use cases where assets in the real world can be tokenized—everything from invoices to certificates to commodities. However, high gas fees, problems with congestion, and limitations of existing solutions hamper this vision.

This is where LAOS Network comes in. It’s inspired by the need to bridge the gap between the immense potential of blockchain-based assets and the current limitations that hinder mass adoption. LAOS disrupts the landscape in three key ways: cost-effective mass tokenization, unleashing scalability, and interoperability without silos.

By addressing these challenges, LAOS Network aspires to catalyze a more vibrant and user-friendly blockchain ecosystem, empowering developers and creators to unlock the full potential of digital asset tokenization. It’s about removing the economic and technical barriers that hold back a wave of innovative applications and fostering a future where blockchain technology seamlessly integrates into our digital lives.

How can LAOS’s “living NFTs” be applied beyond gaming, and how could they impact other industries using NFTs?

The term ‘NFT’ will now forever be associated with digital collectibles. This is a shame because the concept of the Non-Fungible Token has so much more potential. LAOS pushes NFTs beyond static pictures to become “living assets” that evolve. For example, they could transform dynamic supply chain management. Imagine a tokenized clothing garment that tracks its journey from raw material to finished product. This asset could update in real-time, reflecting each stage of production (e.g., organic cotton sourcing, fair-trade labor practices). Consumers could then scan the garment’s token to verify its authenticity and ethical sourcing.

Another example is decentralized insurance and warranties. Product warranties could be “living assets” linked to a specific item. The asset could track service history and update the warranty status as the product is used, streamlining insurance claims and maintenance processes. In addition, educational institutions could issue “living assets” as diplomas or certificates. These tokens could be updated to reflect continuing education or professional achievements, creating a more dynamic and verifiable record of an individual’s qualifications.

How is LAOS Network engaging developers and facilitating integration into projects?

LAOS is actively expanding its developer base to fuel innovation. We’re attending numerous industry events, focusing on the upcoming Consensus conference and its side events. This allows us to connect with developers and showcase LAOS’s potential. Additionally, LAOS offers a comprehensive developer portal on GitHub, packed with documentation, tutorials, and code samples. This, alongside informative blog posts, equips developers with the knowledge and tools they need to build on the LAOS platform, fostering a strong developer community and propelling LAOS’s growth in the blockchain space.

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How does the LAOS Network tackle security and scalability and ensure readiness for widespread adoption?

LAOS is a para chain built within Polkadot’s powerful tech stack, inheriting battle-tested security from day one and superior scalability. This advantage surpasses many existing solutions.

The future holds even greater promise. Sharding, similar to Polkadot’s approach, will unlock unprecedented throughput. Imagine – a capacity exceeding all Ethereum layer-2s combined. This paves the way for established EVM ecosystems to flourish, empowering companies and DApps to build revolutionary use cases.

Think massive tokenization of real-world assets or mainstream gaming experiences beyond the limitations of Play-to-Earn. LAOS pushes through current scalability barriers, making these possibilities a reality. LAOS’ Bridgeless Minting eliminates the need for complex currency wrapping, a common hurdle in Layer-2 solutions. It also bypasses the security vulnerabilities recently exposed in some Layer-2 protocols.

How does LAOS stand out in the crowded NFT market, and what makes it unique for developers and creators?

The key value proposition for LAOS is that it permits developers to mint assets on Ethereum, or any EVM chain, without paying native gas fees, thus not congesting the chain. If we take Ethereum as an example, the assets exist as regular Ethereum tokens that are tradable in all marketplaces. Indeed, the end user doesn’t see any difference between a ‘native’ Ethereum asset and one minted with LAOS. The difference is that, with LAOS Bridgeless Minting, the gas fees are paid in LAOS, which is considerably cheaper, faster, and more scalable.

This bridgeless linkage introduces the concept of “offloading transactions,” allowing specific operations to be executed within LAOS, instantly impacting all Ethereum-based DApps. We project that approximately 20% of transactions across major blockchains can seamlessly transition to LAOS without necessitating bridges.

Like Polkadot’s scaling mechanism, sharding will facilitate LAOS’s future scalability. This approach substantially reduces Ethereum gas fees and unlocks potential applications previously deemed unfeasible, including large-scale tokenization.

Compared to existing Layer-2 solutions on Ethereum, LAOS boasts a throughput surpassing the combined capacity of all current Layer-2 solutions. As detailed in this report, it eliminates the need for currency wrapping and sidesteps the security concerns plaguing many layer-2 protocols.

With your background in game development and your leadership at Freeverse, how do you see LAOS Network shaping the future of Web3 gaming, and what exciting possibilities lie ahead?

My journey in game development highlighted the limitations of traditional in-game economies. Players craved real value for their virtual items, but legal hurdles and technical constraints kept it out of reach. Web3 offered a glimmer of hope, but high gas fees and limitations of existing solutions threatened to hold us back.

LAOS is a catalyst for establishing thriving player-driven economies. Its cost-effective minting lets developers create these massive economies without breaking the bank or risking blockchain congestion hampering the user experience. Players can finally own their virtual possessions, trade them freely, and see their value reflected in the real world. This isn’t just about collecting; it’s about fostering a truly invested player community with truly immersive and interconnected gaming experiences.

We’re moving beyond limitations and building a future where games are not just entertainment but thriving virtual economies where players are truly invested and empowered. This is the exciting frontier LAOS is leading us towards, and I can’t wait to see the incredible games that emerge from this new era of ownership and interoperability.

While LAOS strongly focuses on gaming, is there a long-term vision to expand its functionality to cater to industries other than entertainment? If so, how might LAOS evolve in the coming years?

LAOS Network’s vision stretches far beyond the world of game development, although it serves as a powerful launchpad for its technology. LAOS isn’t just for game developers; it empowers creators in all fields. Artists, musicians, and filmmakers can leverage LAOS to cost-effectively create and distribute digital content as NFTs. Imagine musicians minting limited-edition songs on Ethereum or artists selling unique digital artwork directly to collectors, all facilitated by LAOS’s secure and scalable platform.

Also Read: How Lidwave Is Revolutionizing LiDAR with Scalable Single-Chip Technology

The interoperable nature of LAOS could play a role in shaping a future of self-sovereign identity. Imagine individuals owning and managing their digital identities on the blockchain, seamlessly sharing verified information across different platforms without relying on centralized authorities. LAOS could be crucial in building a more secure and user-controlled future for online identity management.

While gaming serves as a springboard, LAOS’s long-term vision is to become a versatile platform for secure, scalable, cost-effective tokenization across various industries. It aspires to be the bridge that connects the physical world with the burgeoning realm of blockchain assets, empowering creators, businesses, and individuals to unlock the full potential of this transformative technology.

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