[Defi Kingdoms] a what we know so far about Serendale 2.0
In case you haven’t heard the news, DeFi Kingdoms: Serendale is moving to Klaytn!
It’s time for Serendale on Harmony to be retired, and Serendale 2.0 will soon be launching on Klaytn. So why is Klaytn a good home for Serendale?
Klaytn Overview
Klaytn is an open source L1 public blockchain designed and built for tomorrow’s Metaverse
- Klaytn was built from the ground up to offer enterprise-grade scalability and performance — vital for providing seamless Web3 experience across all user touch points. Utilizing a hybrid governance structure and an optimized PBFT consensus mechanism, Klaytn outputs 4,000 TPS, in conjunction with 1-second block generation times and immediate finality
- SDK and Open Source APIs specially designed for builders looking to create immersive best-in-class Web3 experiences
The Klaytn Governance Council
- The Klaytn network is secured by a group of trusted entities — the Klaytn Governance Council — comprised of 34 global conglomerates encompassing both key legacy industries, from Consumer Electronics (LG Electronics), Finance (Kakao Pay) to Gaming (Gumi, Neoply, Netmarble) and Crypto-First players such as Binance, Alameda Research, Jump Crypto, 1inch and Hashed
Korean Dominance, Global Expansion
- Klaytn’s ecosystem has grown exponentially since the launch of its mainnet — Cypress — back in 2019. There are hundreds of services across all categories; with an estimated user base of 11 million, Klaytn has essentially captured the domestic Korean market in relation to both development and retail interest
- Klaytn has been aggressively pursuing global expansion, looking to secure partnerships across the entirety of the blockchain “value chain,” from custody and liquidity infrastructure providers to retail-facing DeFi and NFT services
GameFi on Klaytn
- MARBLEX is global gaming powerhouse Netmarble’s flagship blockchain service. It was developed based on Klaytn’s Service Chain Suite and officially launched on March 17 along with its in-house developed MARBLEX Wallet
- One stellar example is Ni no Kuni: Cross Worlds, a mobile MMORPG based on Level 5 and Studio Ghibli IP. The game has seen massive global success in both sales and popularity
- There are more games to be released, including the one with more than 200 mil+ global user bases such as Let’s Get Rich: Meta World, Monster Arena, King of Fighters, and more!
- NX3 /NXIO (Project Avatara) — jointly developed by game studio NX3 of ROHAN M fame and blockchain developer NXIO, Project Avatara is an upcoming blockbuster MMORPG that integrates P2E and NFT mechanisms, and is set to launch in Q3 2022 on Klaytn
Changes to Serendale
The Serendale move to Klaytn will involve minor visual updates, as well as changes to the tokenomics of DeFi Kingdoms.
A copy of the proposed tokenomics changes involved with the move can be found here:
Community Vote
A vote will be held on Tuesday, August 30th for all xJEWEL holders in either Serendale or Crystalvale to accept the proposal above. Voting will remain open for 48 hours, and a majority vote in favor will be required to pass.
