Blockchain
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.
Source: DappRadar
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.
