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Free products and services on the Internet affect the public, but a new blockchain-based ecosystem believes that most consumers are unaware of the risks involved in using these companies to distribute their content.
The team behind Phantasma Chain says they are motivated to act after seeing the world freely share their data and content on third-party platforms, even if they risk losing total control over this valuable information.
Following the mantra of "There is no free lunch", the company claims that the public has been misguided – with many now mistakenly considering themselves as customers when the data they provide is actually sold as a product.
Phantasma states that its ambition is to restore power to content creators, allowing them to share their material with "anyone, when and how they want".
However, in an attempt to end fragmentation in the cryptic world, the open source platform intends to support DApps of all blockchains, which means daily users will no longer have to link to a single community and instead access the "best and highest" quality". app "from each network, this would also help eliminate the need for a user to have dozens of accesses and remain secure by paying for goods and services through a single account.
Quality and quantity
Phantasma points out that his plans for creating a series of interconnected DApps, in which a portfolio and an account are all that is needed to gain access, will not be at the expense of quality.
Over time, the platform predicts that there will be at least eight categories in which DApps will fall – including video games, gaming, communication, video, social platforms and e-commerce. By purchasing the best DApps in each of these leading blockchain categories, it is hoped that the blockchain-driven DApps within each of these specialties will offer advantages over existing products on the market today.
In a blog post, Phantasma's team wrote: "We will gradually increase the capabilities and DApps on the Phantasma chain, which will be taken care of by the team and the community, so if there is a strong demand for a specific game or (D) App, we will examine the possibilities of bringing it into our ecosystem. "
A user-friendly application
In addition to offering a market for non-fungible tokens of different chains, Phantasma says another main advantage of its app is the automatic conversion between coins and tokens, providing access to a plethora of services even if a user does not own the associated native currencies to each DApp.
The platform ecosystem uses the SOUL cryptocurrency for purchases, however, the startup pointed out that, thanks to these automatic conversions, customers who do not hold this currency will be able to pay using, for example, Ethereum or Bitcoin.
Phantasma says that the main problem facing the cryptography industry right now is how users have to go through the process of moving to an exchange, satisfying customers' checks and converting their funds into a specific token before that they can start using a DApp. He has already announced support for NEO and Ethereum, and the team says the DApp running on EOS, TRON and other platforms will also be compatible in one app: the Phantasma app.
Managed milestones, objectives outlined
Work to start designing Phantasma and its first conceptual demonstration began in the third quarter of 2017 and, by the end of the year, was named the first winner in a competition organized by the City of Zion. During 2018, it presented its first dApp to developers and the general public: PhantasmaMail, a software designed to allow users to communicate with each other securely through their ecosystem. A decentralized videogame called Nacho Men, running on the NEO blockchain, was also released in October.
Towards the end of the year, a software development kit was launched that allows "any third-party developer to start building their Phantasma-based products".
Looking ahead, the first quarter of 2019 will see the storage nodes launched to the general public, allowing anyone with an interest in Phantasma to be involved. Native tokens will also be released once their mainnet has been released.
A digital commerce app that allows anyone to launch their own decentralized e-shop is also set to be launched in the second half of the new year, paving the way for a service where cryptography enthusiasts have the possibility of discovering new DApps that could interest them. He also believes that his market for non-fungible tokens may be one of the largest exchanges in the world.
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