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What’s Happening on Zilliqa (ZIL) in Q1-2022?

source-logo  altcoinbuzz.io 06 May 2022 12:02, UTC

Zilliqa has been in the limelight in recent times for all the right reasons. Amidst the bearish tendencies of Q1-2022, Zilliqa (ZIL) grew exponentially recording up to 4x price growth. Last month was a bevy of events for the blockchain platform.

These events furthermore brought Zilliqa (ZIL) to the limelight and are sure to facilitate even greater adoption of a blockchain protocol.

Therefore, this article covers details of the top-notch events and general happenings in the Zilliqa ecosystem in April. We would also find out what these events mean to Zilliqa. And lastly, the blockchain platform’s 2022 roadmap. Before we move on, Let’s find out more about Zilliqa (ZIL).

Brief Overview of Zilliqa

Launched in 2017, Zilliqa is one of the foremost blockchain projects available today that employ sharding technology. Therefore, making it one of the fastest and most cost-efficient blockchains available today.

Notably, sharding is a unique mechanism where decentralized data is spread across multiple nodes. Therefore, it facilitates better scalability, security, and throughput. This means transactions will be completed faster with reduced fees. Co-founder of Ethereum Vitalik has also severally referred to what Zilliqa is achieving as “The Future”.

April's been a whirlwind of activity! We joined the @BGameAlliance, unveiled @themetapolis, and @convoluted_code shared #Zilliqa's Roadmap 2022 with the #ZilFam. And that's just scratching the surface.

Read all about it here! https://t.co/X5ZVNGEyzV pic.twitter.com/AgFy0foVHM

— Zilliqa (@zilliqa) May 4, 2022

Moreover, let’s see the latest updates from Zilliqa:

ZIL April Updates
1. First on my list is the Zilliqa Vision 2022 and Beyond Event

The event took place on April 14th, 2022, at 12 noon (EST). During the event, the CEO of Zilliqa, Ben Livshits, threw more light on Zilliqa 2022 roadmap. Outlining important aspects like gaming, DeFi, interoperability, and the Metaverse as the major focus of Zilliqa this year.

Adding that recent hires, and the growing strength of its ZilBridge will bring Zilliqa closer to achieving global adoption.

2. Zilliqa Joins the Blockchain Game Alliance

Zilliqa (ZIL) in recent times has been showing a great deal of interest in the blockchain gaming ecosystem. Also, this is in line with its goal of becoming the go-to blockchain for gaming.

📢ANNOUNCEMENT📢

We've officially joined the Blockchain Game Alliance (BGA)! Zilliqa now has a hand in defining the future for blockchain-based gaming — with the support of our passionate #Zilliqans, esports partners, and growing team of gaming veterans!https://t.co/ahM5xABUeH pic.twitter.com/A8OzfWXqua

— Zilliqa (@zilliqa) April 19, 2022

To achieve this, Zilliqa is now also a member of the Blockchain Game Alliance. Therefore, providing it with the support of other members of the alliance. While also participating in the growth and development of the blockchain gaming ecosystem.

3. More Use Cases For ZIL Tokens

In April, top crypto exchanges like Binance and Crypto.com added more trading pairs for ZIL tokens.

  • Binance: the ZIL/ETH trading pair is now available.
  • Crypto.com: Introduced the ZIL/BTC trading pairs. This, in turn, will open up ZIL to more trading opportunities and use cases. Subsequently, facilitates greater awareness and adoption of ZIL tokens.

Also, the ZIL token is now supported on crypto exchanges Bitpanda and BitGet Global. Plans are in place to list the tokens on more crypto exchanges soon.

4. Top Hires in Zilliqa

Last month, several top-notch professionals also joined the Zilliqa ecosystem. These hired professionals will focus on technical development, community engagement, and also the development of the Zilliqa (ZIL) gaming space. Also, the blockchain platform employed a new Head of marketing. Some of the top hires of last month include:

  • Art Malkov
  • Tiago Serodio
  • Reynand Otida
  • Valentin Cobelea

Also, last month, Zilliqa (ZIL) launched its Metaverse-as-a-Service (MaaS) platform Metapolis. The official unveiling of Metapolis took place in Miami.

#Metapolis opens borders for industries, creating new avenues for business. We are not looking to replace the physical, we are adding a new layer of engagement on top of what already exists.
#MaaS #TheNextInternet #Web3 #MaaS #Zilliqa pic.twitter.com/aluo5sBXrt

— Metapolis (@themetapolis) April 18, 2022

ZIL Price Outlook

At the time of writing, ZIL was trading at $0.0725 with a market cap of $1,03 billion and a 24-hour trading volume of $1,06 billion. The token price is down by 20.1% in the last 24 hours.

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