🔥 AMA Recap: BSCStation x Cocos-BCX 🔥
We’d like to say massive thanks to all of you who joined the AMA of BSCStation featuring Cocos-BCX! This recap will highlight the key takeaways from the AMA session in case you missed it!
Throughout the AMA, the team members from Cocos-BCX have shared insights about their projects, the current state of the blockchain industry, and future development. They also provided details about their 2023 road map and how Cocos-BCX will evolve to become the field giant.
1st Segment: INTRODUCTION
Q1. We noticed that Cocos-BCX has announced big news recently. Would you like to share the details with our community?
Mrs.Evita: Absolutely! So, Cocos-BCX made a huge announcement during ETHDenver 2023 on February 28th (Denver time). We've partnered up with NodeReal, a Web3 infrastructure provider, to create the first-ever rollup chain on BNB Chain.
This new chain is gonna be a big deal for Web3 games and it's based on the Optimism (OP) Stack. Plus, it's the first Layer2 on BNB Chain.
Q2. That's definitely a big move for Cocos-BCX, especially since it has been a long-standing project on BNB Chain. I'm curious, what was the driving factor behind their decision to develop a Layer2 solution?
Mrs.Evita: Yeah, it's really exciting to see how Cocos-BCX has evolved our product over time. We've shifted our focus to becoming a scaling solution for Web3 games, which is a big move.
In fact, we started our first project way back in 2019 with the goal of building a game chain based on Graphene technology. It introduced some pretty cool concepts like parallel worlds, item traversal, asset synthesis, and asset circulation, and the project launched successfully later that year.
Fast forward to 2020 and 2021, with the explosion of DeFi and GameFi, and Ethereum's scaling solutions starting to mature, Cocos-BCX realized that an isolated chain wasn't going to cut it anymore. So we made the bold decision to shut down our original Graphene-based chain and fully embrace the Ethereum ecosystem.
After that, the team worked on developing the IGO platform and a Web3 plugin to make it easier to develop games. But as we looked back on Cocos-BCX's original mission, we realized that we weren't quite sure how to achieve the goal of serving game developers and bringing over a billion gamers into the Web3 world. So we decided to take a step back and reassess our approach.
Now with more and more Layer2 mainnets launching, like Optimism, Arbitrum, and StarkNet, there's a lot of potential for specialized Layer2 solutions in the future. That's how Cocos-BCX ended up deciding to create a game-focused Layer2, which is really exciting.
Q3. So, the Web3 gaming industry is a pretty busy space, but there are definitely some challenges that have been holding it back. Like, there's been issues with scalability, low throughput, high transaction costs, and limited tools for game development. It's not an easy problem to solve, but what do you think Cocos-BCX can do to address these challenges?
Mrs.Evita: Our goal at Cocos-BCX is to create the ultimate destination for game developers who want to build on the blockchain. And we've got some pretty awesome partners to help us out. For like, we're teaming up with BNB Chain, which is the most popular public chain among GameFi users. It's the perfect starting point for our transformation.
And we're also collaborating with NodeReal to tackle some of the challenges we've been facing.
One of the things we're focusing on is creating an easy-to-use toolkit that includes stuff like social login/recovery, an integrated development environment, built-in NFT toolkits, oracles, ZK solutions, and more.
We're also aiming for high performance and low gas fees, targeting up to 10K TPS and the lowest possible gas fees. And we're integrating with high-performance decentralized storage solutions like Arweave, Storj, and BNB Greenfield.
But one of our biggest strengths is our powerful game engine support. With over 1.6 million game developers in 203 countries and regions, Cocos-BCX has already reached over 1.6 billion end-users. Skilled developers can easily and quickly enter the Web3 world based on their existing engine skills. And for traditional developers who are migrating to the Web3 space, our platform provides a better infrastructure and development environment.
So, in other words, we're bringing a huge number of skilled game developers into the blockchain field. And we think that this will help make blockchain games more engaging and fun for everyone.
Q4. Is Cocos-BCX planning on making Layer2 only available on BNB Chain, or thinking about other options too?"
Mrs.Evita: Thanks for this question. We're kicking things off with BNB Chain, but we definitely have bigger plans for the future. We're planning on expanding our Layer2 solution to work with other EVM-compatible ecosystems like Ethereum and Polygon to support the mass adoption and long-term success of the Web3 ecosystem.
Q5. So, what's next for Cocos-BCX? Can you give us a hint about what we can expect to see from you guys in the future?
Mrs.Evita: Well, right now we're knee-deep in the development phase of our Layer2 solution, and we're working towards a pretty ambitious timeline, hoping to launch the testnet by the end of March 2023, with the mainnet launch following shortly after in early July. And by November 2023, we're aiming to release a full-stack Web3 development infrastructure.
Oh, and we've got something else pretty exciting in the works too. We're actually planning on rebranding and renaming ourselves, which will give us a fresh new look as we continue to thrive in the Web3 gaming ecosystem. So, lots of cool stuff on the horizon. Take a quick look at this video to get an idea!
2nd Segment: PRE-AMA QUESTIONS
Q1: I am curious if Cocos-BCX will make Layer2 only available on BNB Chain, or more options too?
Mrs.Evita: Cocos-BCX will start from BNB Chain and expand to Other EVM-compatible ecosystems, e.g Ethereum, Polygon etc.
Q2: There are many projects which work on scalability with both Layer-1 and Layer-2 solutions! So, why would Cocos be the best choice?
Mrs.Evita: Cocos-BCX is the first Layer2 on BNB Chain which is particularly for Web3 games. This is our uniqueness. We are building an open-source, decentralized, game-oriented Layer 2 accessible to everyone to fully release the potential of web3 games.
Q3: How could Cocos-BCX solve challenges about scalability, low throughput, high transaction costs, and limited tools for game development?
Mrs.Evita: Our global strategic partner NodeReal has some seriously impressive tech. They've got the fastest blockchain RPC service and top-notch archive node solutions. They keep their average response time to 26ms, handle up to 8.64 billion daily RPC calls, and keep their API up and running 99.8% of the time. We can always count on NodeReal for secure chain operations and the latest tech integrations to solve the challenges with their strength.
Q4: What is the future development roadmap of the project?
Mrs.Evita: We're knee-deep in developing Layer2 and we've got a pretty sweet timeline for you all:
End of March 2023: Testnet launch
Early July 2023: Mainnet launch
November 2023: Release of a full-stack Web3 development infrastructure
Q5: Where do I get the news?
Mrs.Evita: Come and find us here:
Website: https://www.cocosbcx.io
Twitter: https://twitter.com/CocosBCX
Telegram: https://t.me/cocosbcxen
Discord: https://discord.gg/cocosbcx
3rd Segment: LIVE QUESTIONS
Q1: Let’s have a brief look into the future of COCOS. What kind of things do you have upcoming on your roadmap for the next few months or so would you have some roadmap to share with us actually?
Mrs.Evita: Sure! The first update will happen in March to launch our Testnet. The Mainnet will live in July. And in November the full-stack Web3 development infrastructure will be open for game developers. Stay tuned!
Q2: How does Cocos-BCX plan to expand its reach and adoption globally in the blockchain gaming industry?
Mrs.Evita: Cocos-BCX is backed by 1.6 million game developers in 203 countries and regions, Cocos-BCX has already reached over 1.6 billion end-users. So for next, we'll start from BNB Chain and expand to more EVM-compatible ecosystems, e.g Ethereum, Polygon etc to achieve a mass adoption and longer growth.
Q3: I understand that Cocos-BCX will open a launching pad for new projects for members only, how can we get a membership? How many membership levels are there? What are the benefits of obtaining a membership?
Mrs.Evita: Thanks for this question. Since the announcement in Feb.28, Cocos-BCX has made a big product transformation, which shifted focus to scaling solution for web3 games. Cocos-BCX membership is limited and open for sale in particular period. So please wait for next batch if you are interested in joining us.
Q4: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Mrs.Evita: Here is a full version for the demo shared in the AMA earlier. Perhaps you can have a quick glance to know about what's new Cocos-BCX will be like👇
Q5: What is the main drive of your $COCOS project, community or utility And how do you plan on getting mass adoption on the $COCOS as there are so many projects out there?
Mrs.Evita: The main drive for Cocos-BCX to develop all the way is to serve game developers and attract over one billion gamers to the Web3 world. That's never change. It will always be the drive for Cocos-BCX.💪🏼
On behalf of all BSCStation communities, thank Mrs.Evita for joining the AMA session and answering questions for the community today. The Marketing Director of Cocos-BCX has provided the community with valuable information about the new improvement recently implemented as well as the future development of Cocos-BCX in the blockchain industry.
Thank our beloved community for the great questions and for taking the time to participate. We hope you found the session informative and engaging. If you guys have any further questions or follow-ups, don't hesitate to reach out.
There will be a lot more announcements and material coming your way, so keep an eye out for our social media channels.
About BSCStation
BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap
BSCStation operates on top of all the main blockchain networks and is designed to offer maximum value to consumers and institutions.
BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.