bsc.news
New Dapp on the $BNB Block
Lifeform, a visual digital ID solutions provider supported by Binance Labs, has skyrocketed up the ranks of Decentralized Applications (dApps) on $BNB Chain. Attracting nearly 200,000 Unique Active Wallets (UAWs) in the past week, Lifeform snagged third place on DappRadar’s list of $BNB dApps.
Lifeform allows users to create hyper-realistic human avatars (and cartoon counterparts) that are saved as cross-chain Non-Fungible Tokens (NFTs) that store decentralized identification information.
The avatar editor tool is powered by Unreal Engine 5 but has a simple user interface.
More than 1.5 million of the cartoon versions of the avatars have been created in the Lifeform ecosystem.
Embarking on a new milestone, over 1.5M Lifeform Cartoon Avatars are now in the Lifeform ecosystem. @BNBCHAIN pic.twitter.com/O2dcq3lxkG
— Lifeform (@Lifeformcc) February 28, 2023
While competition for users is fierce from the top-two-ranked dApps on $BNB, PancakeSwap and Hooked, Lifeform could potentially show even more growth, with more than 78,000 UAWs engaging with the protocol in the past day.
What is $BNB Chain:
Previously known as the Binance Smart Chain (BSC), $BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of $BNB Beacon Chain and $BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, $BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.