Tabi Chain Redefines Gaming with Omni-Execution, Backed by Binance, Animoca
Tabi raised $11M from @BinanceLabs and @animocabrands
It solves two of the biggest headaches in the web3 gaming scene.
A deep dive into @tabichain omni-execution and veToken 3,3 model 🧵👇
It’s known that traditional blockchains can be complex and hard to integrate with existing web2 platforms, creating a barrier for developers and users transitioning to Web3.
There has also been a huge opportunity to build the next generation of consumer-oriented super apps that leverage web3 technology.
@TabiChain steps in to capitalize on this.
Key Takeaways
Tabi Chain simplifies Web3 integration for Web2 developers with its omni-execution layer, bridging fragmented ecosystems.
Backed by $11M in funding from Binance Labs and Animoca Brands, Tabi merges Web2 social traffic with Web3 gaming.
Voyage I & II rewarded users with over 10M transactions, driving community engagement and expanding Tabi’s ecosystem.
Flagship game Wizzwoods combines SocialFi with Web3 gaming, attracting 600k+ players in just weeks.
Testnet v2 is rolling out on September 10 and more updates to follow!
What is Tabi Chain?
Tabi Chain is a platform tailored for gaming applications, built on the Cosmos SDK and powered by the CometBFT consensus engine.
It introduces a new L1 blockchain that is compatible with EVMs and VMs, enabling seamless support for dApps in the gaming sector.
The project prioritizes balancing security, decentralization, and scalability—key elements for building a strong gaming ecosystem.
It also features an omni-execution layer.
The omni-execution layer is designed to support any virtual machine, reducing the entry barriers for developers, particularly those with a web2 background.
This architecture, combined with the Polymorphism VM, allows for the development of Poly-Apps (PApps), which can be built on any virtual machine and made interoperable across multiple chains.
Additionally, Tabi supports deployment on various platforms like Telegram, Line, and Kakao, enabling direct access to existing web2 users
Key Features
Here’s a quick overview on the key features -
Modular Architecture: Supports multiple virtual machines, including non-Web3, for flexibility.
Advanced Consensus & Security: Uses ParallelBFT for fast block proposals with customizable security options.
Service-Centric: dApps can deploy standalone services in single or multi-node modes.
Cross-Chain Interoperability: DAG structure ensures smooth cross-chain communication.
The current gaming industry suffers from a disconnect between the community, developers, and gaming chains, limiting collaboration and token functionality.
In contrast, Tabi adopts a community-first approach, offering incentives seamlessly integrating into game economies.
Tabi Chain has also gained a solid backing from key industry players, raising $11M in seed funding from platforms like Binance Labs and Animoca Brands.
Here’s a comparison of @TabiChain with other upcoming L1s -
The numbers speak for themselves.
Voyage I and Voyage II: A Rewarding Journey to Mainnet
As part of its journey to mainnet, Tabi successfully completed its first campaign, Voyage I, with over 1 million BSC contract interactions and 800k+ participants.
Following this, in March 2024, Tabi launched its testnet, which saw over 10M transactions in just two weeks.
This momentum continued with the launch of Voyage II, expanding community engagement and rewards.
Tabi Chain X WizzWoods
Wizzwoods is a pioneering game co-incubated by Tabi, blending interchain and SocialFi elements.
It is also the first Interchain x SocialFi Pixels farming game that combines Web2 social traffic with Web3 gaming.
Here’s an overview -
Rapid Growth: Wizzwoods quickly drew 600K+ players and $220K in revenue within three weeks.
Cross-Chain Potential: Initially on Berachain’s testnet, it will soon be available on Tabi and Berachain mainnets, linking Telegram/TON, Tabi, and Berachain ecosystems.
Future Development: Features like an in-game map editor and upcoming PvP gameplay promise long-term engagement.
Their vision is to be more than just a game—it is to be a platform that onboards millions of Web2 users into Web3 via engaging gameplay, connecting users to various crypto protocols and simplifying on-chain activities via in-game modules.
$TABI Tokenomics
$TABI: The main gas token for network operations.
$veTABI: Mined from TABI and convertible for staking.
$veTABI (Staked): Acts as a governance token, granting network rights and deeper ecosystem participation.
Within this framework, Tabi introduces a Flywheel Model -
Game Bribe Model: Stake veTABI to influence game rankings and rewards, with chances for airdrops from selected games.
Revenue Paradigm: Tabi redirects on-chain revenue to developers, ensuring sustainable income for Web3 games.
The $TABI token, with a total supply of 10B, serves multiple functions including gas fee payments, staking, governance, and incentive rewards such as revenue sharing.
Token Allocation:
The public sale in June 2024 raised 4,576 ETH, with the Token Generation Event (TGE) set for Q4 2024.
Additionally, the Captain Node Early Bird Ticket sale raised 2,698 ETH. For more information on the airdrop potential and updates, see here -
https://blog.tabi.lol/#/article/2
What’s next?
Looking ahead, Tabi Chain's roadmap shows they're seriously committed to growing and innovating.
Testnet v2 is rolling out on September 10, and we'll see more action with node mining and token exchanges later in the month.
Visit - https://faucet.testnet.tabichain.com/
Plus, the LV2 Node Pre-Sale and Mini Node upgrades, happening from late September to mid-October, will be key moves to expand their network and improve their tech.