Bluzelle (BLZ): The Blockchain for GameFi

Bluzelle is a decentralized database that provides scalable and secure storage for decentralized applications (dApps) like gaming and DeFi. It solves the issues of centralized data storage, offering security, affordability, user control, scalability, reliability, and data security. With its promising potential, Bluzelle empowers developers with reliable and secure storage solutions for dApps.

In this article, we will explore what Bluzelle is, its coin BLZ, the features of Bluzelle, BLZ tokenomics, and finally how to buy its native cryptocurrency, BLZ.

What Is Bluzelle Blockchain?

Bluzelle is a blockchain platform designed specifically for Game Finance (GameFi), which combines gaming, blockchain, and finance. In GameFi, players have the opportunity to own the assets they earn in games and use them in crypto-powered mechanics, allowing them not only to play and enjoy games but also to earn yields. 

Bluzelle stands out as a blockchain solution for GameFi by offering high-quality game production, secure storage for players' non-fungible tokens (NFTs) through its decentralized storage layer, and the ability to leverage DeFi yields. Powered by a Cosmos-Based Blockchain, Bluzelle can handle up to 10,000 transactions per second (TPS), ensuring a fast and efficient gaming ecosystem.

One of the main challenges faced by games built on Ethereum is scalability issues and high transaction fees. This becomes problematic for players who are constantly buying, selling, and trading NFT assets within the game. Additionally, storing NFTs on a centralized server poses a risk of potential loss of assets acquired by players. To attract the next billion crypto users through gaming, there is a need for a better and improved experience.

Bluzelle provides an elegant blockchain solution to address these challenges. With its advanced technology, Bluzelle achieves an impressive execution rate of 10,000 TPS at a significantly lower cost compared to Ethereum's expensive transaction fees. Moreover, Bluzelle incorporates a fully decentralized storage layer that securely stores players' game NFTs across hundreds of nodes, eliminating the risk of losing hard-earned assets. 

Furthermore, Bluzelle integrates highly performing DeFi products from the Cosmos ecosystem, offering lending, staking, and yield strategies specifically tailored for game assets. With its team's expertise in the gaming industry, Bluzelle is also developing its own play-to-earn (P2E) game called Denomination, further contributing to the growth and innovation within the GameFi space.

What Is BLZ Token?

Bluzelle's native token, BLZ, holds significant importance within the GameFi ecosystem. BLZ serves multiple functions, including its utilization for purchasing non-fungible tokens (NFTs) and functioning as an in-game currency. Moreover, BLZ is instrumental in storing NFTs securely on the Bluzelle network, ensuring their integrity and accessibility. Validators on the network also have the opportunity to earn BLZ tokens. 

To maintain a balanced token supply, Bluzelle plans to implement future burn and buyback mechanisms. These strategic measures contribute to the stability and sustainability of the BLZ token within the Bluzelle GameFi ecosystem.

BLZ Tokenomics

BLZ Statistics

History of Bluzelle Blockchain

Bluzelle is founded by Pavel Bains and Neeraj Murarka, Bluzelle aims to address dispersed data in the blockchain and decentralized finance. Both founders possess vast technical expertise and have collaborated with prominent global entities. The team comprises individuals who have contributed to esteemed organizations like Disney, Sony, Google, Lufthansa, and Electronic Arts. 

Bluzelle transitioned its focus in 2017 to decentralized storage solutions, providing a secure database storage layer for dApp developers and enterprises. With headquarters in Singapore and Vancouver, Bluzelle is backed by industry funds and has gained recognition, including the Technology Pioneer Award from the World Economic Forum. Since 2018, Bluzelle has been a leading storage provider for enterprises and decentralized applications (dApp) developers globally.

Features of Bluzelle

Bluzelle offers a comprehensive set of features that make it an ideal solution for the Metaverse and game-based applications. Here are the key features of Bluzelle:

1. Fast and Elegant Blockchain: Bluzelle's blockchain boasts a remarkable transaction processing speed of 10,000 transactions per second (TPS). This high throughput enables seamless and cost-effective trading of game assets, reducing the transaction fees compared to Ethereum's network.
2. Decentralized Storage: Bluzelle provides a fully decentralized storage layer that safeguards the valuable non-fungible tokens (NFTs) earned by players. This ensures the protection and security of players' hard-earned assets, a crucial aspect of a thriving Metaverse.
3. DeFi Integration in Games: Bluzelle integrates decentralized finance (DeFi) products from the Cosmos ecosystem, allowing players to leverage lending, staking, and yield strategies with their game assets. This integration brings financial opportunities to the Metaverse and enables users to explore and utilize cryptocurrency in gaming.
4. High-Quality Games: Bluzelle not only offers a robust blockchain solution but also demonstrates its capabilities by developing its own Play-to-Earn game called Denomination. Leveraging the team's extensive experience working with industry giants like Nintendo, EA, and Xbox, Bluzelle aims to deliver top-notch gaming experiences within its Metaverse.

Bluzelle understands the critical factors for a successful Metaverse, including high-quality games, seamless integration with DeFi, and Web3 technologies. With its powerful features and capabilities, Bluzelle stands out as a blockchain designed to drive the growth and success of the Metaverse.

Bluzelle Coin value (BLZ)

As of June 15, 2023, the current price of Bluzelle Coin (BLZ) is $0.04 USD. The value of BLZ is determined by factors such as supply and demand, as well as the performance of the Bluzelle ecosystem.

BLZ tokens serve various purposes, including covering network fees, incentivizing node operators, and securing the network. Additionally, they can be used for purchasing data storage on the Bluzelle network. The value of BLZ stems from its scarcity, as the token supply is finite, its utility in practical applications beyond speculation, and its potential for growth within the expanding Bluzelle ecosystem.

In summary, BLZ is a valuable asset poised for a promising future. Its limited supply, utility, and growth potential make it an attractive investment, particularly for those interested in participating in the decentralized application market.

How to Buy BLZ Coins? 

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including BLZ, users can now trade easily and seamlessly. To purchase BLZ on CoinEx, follow the steps below.

1. To begin trading on the CoinEx exchange, you must first create an account. CoinEx allows users to deposit or swap without completing KYC, but verification offers more features.
2. After logging in, deposit funds into your CoinEx account using one of the supported cryptocurrencies or deposit methods supported by the exchange.
3. After depositing fiat or cryptocurrency into your account, you can trade for BLZ coins. Go to the BLZ trading page, choose a trading pair, and specify the amount of BLZ to purchase.
4. Purchasing BLZ is a straightforward process once you have located the appropriate trading pair. Simply select the relevant pair, specify the desired quantity of BLZ, and trade the paired token for BLZ.

Conclusion

In summary, Bluzelle is a powerful blockchain platform designed specifically for Game Finance (GameFi), offering scalable and secure storage solutions for decentralized applications (dApps) in gaming and DeFi. By addressing the challenges of centralized data storage, Bluzelle provides a decentralized and reliable infrastructure for the Metaverse. With its fast and elegant blockchain, decentralized storage layer, DeFi integration, and high-quality games, Bluzelle empowers developers and users with a seamless and secure gaming experience. 

The native BLZ token plays a crucial role within the Bluzelle ecosystem, providing utility, scarcity, and growth potential.

To participate in the Bluzelle ecosystem, you can purchase BLZ on CoinEx, a trusted platform for buying and trading cryptocurrencies.