Web3 is about more than NFTs and the Metaverse. It’s also about upgrading blockchain tech across the board to make transactions more efficient, secure, and energy-friendly.
We’re committing huge resources at Element to make sure that our blockchain operates on the most advanced, cleanest technology possible. We see it as part of our “Digitize Gold” mission to bring sustainability to all parts of the industry, not just gold mines.
We have access to engineers working with blockchain gaming giant GALA on a cutting-edge node upgrade called “New Core.” New Core is a groundbreaking node technology based on Proof of Availability protocols and layered blockchain. New Core nodes are designed to make blockchain transactions faster and more scalable.
The digital marketplace we build on the Element blockchain will include NFTs, digital rewards, and interactive communities. We anticipate that New Core will make all of these offerings more secure, with faster, smoother experiences for users*.
The goal of all Element digital assets is to create new digital economies on top of gold mines, so users can win without having to physically mine gold, protecting the environment from the devastating effects of rare earth mineral extraction.
The bottom line: Groundbreaking tech to help keep more gold in the ground.
*This post may contain forward looking statements that involve substantial risks and uncertainties. Forward looking statements discuss plans, strategies, prospects, and expectations concerning the business, operations, markets, risks, and other similar matters. There may be events in the future that we cannot accurately predict or control. Any forward-looking statement in this post speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not plan to update or revise publicly any forward-looking statements except as required by law.