Gate.io AMA with Lambda-A Fast, Advanced and Scalable Web 3 Infrastructure

Time: November 28th, 2022, 13:00 AM (UTC)
Gate.io hosted an AMA (Ask-Me-Anything) session with the CoFounder of Genify, Shaun in the Gate.io Exchange Community.
Official Website: https://lambda.im/
Twitter: http://twitter.com/Lambdaim
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Guest

The CoFounder of Genify — Shaun He

Q&A from Gate.io

Q1: What is Lambda？

Shaun: Lambda Network is a fast, advanced and scalable Web 3 infrastructure with blockchain and data storage capabilities that provides EVM and on-chain NFT storage. In the meantime, Lambda Network is able to meet the data storage needs of all Web3 application scenarios through Lambda Storage network’s data storage capabilities.

Q2: What are the new features of Lambda?

Shaun: Combining the Cosmos network ecosystem and decentralized storage, the Lambda Network will provide the market with a comprehensive and innovative blockchain development platform. The main chain, based on Cosmos SDK and Tendermint, will support EVM and Solidity smart contracts that users can freely deploy. Lambda Storage will provide secure and high-speed data storage services for on-chain NFTs.

Q3: What’s the Lamb token and How to get it?

Shaun: Lamb is the native token for the Lambda chain. It is used for staking and delegating on the Consensus Layer as well as NFTs transactions and smart contract operations. All projects in the Lambda ecosystem require the Lamb token to operate. The Lamb token is available on Huobi, Gate.io, Okx, mxc and more.

Q4: What is Genify?

Shaun: Genify’s mission will not be limited to an NFT Marketplace, but also an NFT innovation laboratory to conduct comprehensive explorations in the fields of NFT generation, generative art, generative algorithms, etc.

Q5: What’s the difference between PFP and Generative Art?

Shaun: As the carrier of Web3 data, NFT will have great potential in the future. Unlike other digital assets such as PFP , the generation of NFT does not need to be stored in IPFS, because IPFS does not guarantee the availability of the final data. However, if all the source data for generating NFT is stored on a chain, a generated artwork can be restored at any time through the source code and hash code.

Q6: What will you do to develop Genify?

Shaun: We will go live with a version of Genify’s Incentive Test Network in December 2022 and will gradually evolve in the early stages around the following priorities：

1. Launch the NFT Incentivized Testnet;
2. Launch the Genesis Series NFT Collection based on the Lambda mainnet;
3. Release the creator grants for incentivizing artists and communities to build the NFT ecosystem;
4. Build the artist and collector community, Genify DAO.
5. Access to Ethereum, Polygon, BSC and other networks so as to build a multi-chain ecosystem.
6. Release Utility Generative NFT for multiple scenarios.
   
   

   Author: Rio Fu., Gate.io Community
   

   *This article represents only the views of the researcher and does not constitute any investment suggestions.
   

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