In the ever-evolving landscape of blockchain technology, LAOS Network emerges as a groundbreaking solution designed to address some of the most pressing issues in the sector. Alun Evans, Co-Founder of LAOS Network, shares the journey and innovative strides of LAOS Network in making blockchain more accessible and cost-efficient.
A Journey Rooted in Innovation
Alun Evans began his foray into blockchain technology over five years ago, inspired by a conversation with his former colleague and friend, Tony Mateos. "Tony, who had an impressive track record with 30 patents to his name, saw immense potential in blockchain and convinced me to explore it". This collaboration marked the inception of what would eventually become LAOS Network.
Addressing High Costs in Blockchain Minting
LAOS Network is a Layer-1 blockchain designed to eliminate the high costs associated with minting on other chains, particularly Ethereum.
Alun Evans explains, "On Ethereum last year, 20% of all gas costs were spent on minting non-fungible tokens (NFTs), real assets, tradable items, and games. This represents a significant expenditure for developers and users alike."
LAOS Network aims to mitigate these costs by allowing tokens to be minted and maintained on Ethereum or Polygon without incurring their native gas fees. Instead, users pay gas fees on the LAOS Network, while the tokens appear as regular tokens on Ethereum, thereby reducing congestion and saving money.
Developer-Friendly Ecosystem
For developers, LAOS Network offers a seamless integration experience. "The beauty of LAOS is that it's fully compatible with the Ethereum Virtual Machine (EVM). Developers comfortable in the EVM ecosystem can simply switch to a LAOS node and benefit from our gas-free minting," Alun Evans highlights.
The platform provides extensive documentation and examples to guide developers, ensuring a smooth transition and fostering innovation.
Future Developments and Mainnet Launch
Looking ahead, LAOS Network is set to launch its mainnet in July, with the Genesis Event scheduled for the 11th.
"We are excited to transition from testnet to mainnet and enable the initial token distribution," says Alun Evans.
Following the mainnet launch, the focus will shift to engaging developers through hackathons and other initiatives to showcase the potential of LAOS Network.
Vision for Blockchain's Future
Alun Evans envisions a future where blockchain technology is deeply integrated into real-world applications. "The era of pure speculation in crypto might not be over, but the focus is shifting towards practical utility," he notes.
LAOS Network aims to contribute to this shift by providing a platform that bridges the gap between blockchain technology and everyday use cases.
Community and Collaboration
LAOS Network, founded and promoted by Freeverse, leverages Freeverse's expertise in dynamic assets and collaborations with major brands like Cupra, Hyperreal, and Mediapro.
The community aspect is also pivotal, with opportunities for developers to learn, build applications, and participate in grant programs. "Our community is where developers can grow and stay updated with the latest developments in LAOS Network," Alun Evans emphasizes.
Conclusion
LAOS Network stands as a testament to what can be achieved when innovative thinking meets practical application. Under the leadership of Alun Evans, the platform is poised to revolutionize the blockchain landscape by making it more accessible, cost-effective, and developer-friendly. As the mainnet launch approaches, the excitement and potential for LAOS Network continues to build, heralding a new era in blockchain technology.
About LAOS Network
LAOS Network is a Layer-1 blockchain that offers cost-efficient minting of tokens, fully compatible with the Ethereum ecosystem. Founded by Alun Evans and promoted by Freeverse, LAOS Network aims to simplify blockchain technology and make it more accessible to developers and users alike.
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