Virtua (currently Vanar Chain) was re-architectured much to be a custom Layer 1 blockchain to deploy in the entertainment sector. It was a new dawn to the project and this means that it is highly sensitive when it comes to designing real life Web3 experiences in the lives of the millions of users around the world.
The transformation is announced to be on November 15, 2023, when the community had to vote in support of the proposal to build a new blockchain. The purpose was limited and restricted. Vanar had a conception of developing a network of ultra-low transaction costs which would be most welcoming to micro transactions in addition to a network geared to serve the entertainment business. In contrast to other blockchain projects, where there is virtually nothing that a person needs to do, Vanar chose to specialise. It has decided to focus on the gaming, digital content, metaverse experience, and brand interaction. Such kind of direction provided the initiative with a fine identity and vision.
This change of brand name was further done in response to such a change to Vanar and not Virtua. The new name is an incarnation of evolution, invention and desire of a higher order to equate the Web3 technology with the mainstream entertainment. It was not just a situation about some new tablet or new name based on the rebranding. It was interested in coming up with a more disparate, refined technology and making the ecosystem ready to accept it in big quantities.
One of the largest achievements in the process was the introduction of Vanar Vanguard testnet. A blockchain training environment is known as a testnet. It allows the team and the developers to test the features, fix bugs and test load capacity to the entire general population. Vanguard testnet assisted Vanar in network testing and securing and scaling up. This move was based on the evidence that the team already took into account the issue of providing a stable and high-performance blockchain.
There was also the introduction of one to one swap between token of 1) TVK and 2) VANRY and 3) technical upgrade. The fact is that in case of TVK tokens delivery, the users receive the corresponding number of VANRY tokens. The transition of the tokens helped to modify the ecosystem to the new form. It was able to make a nonstop negotiation process and transition the community to the next step as Vanar name. I thought that this action was intelligent and quite fair as it was not an insult to the owners of the brand, but an opportunity to teach the brand another path that it can take in the future.
Jawad Ashraf and Gary Bracey are the founders of Vanar Chain who are very experienced in the sphere of technology, entertainment, and games. Their history helps in supporting their vanar strategy. They are familiar with the content of entertainment, the interaction with the electronic contents and the way the brands would access the users. It is a factor that facilitated Vanar in the design of blockchain-based solutions which are more convenient and simplified to navigate rather than complex and technical ones.
The next significant occasion in the history of Vanar Chain would be announced in the inception program of NVIDIA. This will be beneficial to the technological firms that also have technological solutions on their side. Despite Vanar being one of the relevant people in this program, it is established that the company is not just interested in blockchain, it is also interested in high-performance technology, and innovation. It will equally entail the authority of the project and will give the impression that the project is set to establish grave infrastructure in the future.
An efficient and sustainable blockchain design is one of the other domains that Vanar is admiring. The blockchain networks must be smarter and with less power consumption thereafter as the world starts getting informed more on sustainability. It is more preferable that Vanar has managed to come up with a high performance, and yet a green network. It unveils that co-existence between sustainability and the possibility of growth may exist.
The fact that Vanar Chain is interested in microtransactions is an interesting fact about the company. Gaming and entertainment business are usually meted out by small payments. Players are able to buy in-game items, web based pins or access to extra functionality. These minute payments will not be feasible in the event the price of the transaction is high. The Vanar architecture is low cost and it, therefore, facilitates the process of the microtransactions and render them affordable. This can assist Web3 gaming in making it more accessible to an average user especially where the user is sensitive to prices during transaction.
In my opinion, Vanar Chain was correct and made a targeted business only on entertainment. There are a great number of blockchain programs that would be applied to cover industries simultaneously. This normally ends up in lack of individuality. Vanar has done, however, a way. It can build some tools that can satisfy the desires of creators or users in the field literally, in its gaming, metaverse, digital assets and brand experiences.
Entertainment business is the type of business that is already big and grows annually. People in the world are united only with something and it is gaming. When there is an introduction of the blockchain technology as a non-challenging and uninvasive solution, the users do not know the fact that the Web3 is what they use. This will include only more quantities in terms of its owning, faster buys, and more entertaining materials. The vision of Vanar works but here. It aims at ensuring that the technology is operable without causing no sounds in the background as opposed to familiarizing the users with the complex words of blockchain.
Virtua is changed to Vanar which is not just the change of the name. It represents maturity. It shows that the group has realized that it ought to have had a better constructed infrastructure as well as an accurate mission. The development of the own Layer 1 blockchain enabled Vanar to possess more regulating power over its functionality, existence and energy expenses. This freedom is something that will allow the project to be more creative and capable of supporting the requirements of the entertainment utilization.
The other reason which preconditioned this change was support of the community. The fact that the offer to develop the new blockchain was accepted created showed that the individuals holding them were heading in the new direction in a positive manner. Any block chain project will need a strong community. This would make them feel like they are part of the decision making therefore the users would be more committed to the long term success.
Vanar Chain appears to have an immense opportunity to prosper as far as future expansion in the entertainment and gaming ecosystem is concerned. It is of long history since it has the potential of combining good leadership, technological modernization, industry coordination and strategic planning. A competitive environment of the blockchain business is, of course, very competitive, and the operation of this process will be defined by the uptake, cooperation, and continuous progress. However, the transformation of the business to objective-based Layer 1 switch will give Vanar a decent chance to shine.
In conclusion, Vanar Chain is an intelligent project that transforms Virtua into an entertainment-based blockchain. Through token swap successful re-branding, use of its Vanguard testnet and being a member of the Nvidia Inception Program Vanar has demonstrated that it will go to any length to get something to count. It is also cheap-oriented, microtransactions are employed, and it can be sizable and it is applied in life, which makes it an interesting project to follow. In my opinion, Vanar could turn out to be a worthy competitor that will bring the Web3 technology to the mass entertainment community around the world so long as it continues to deliver on its promise, as well as some of its user experience, will continue to be as easy as it is currently.