Shining a light on what 2023 holds for users, Michael Ein Chaybeh, the CEO of StreamCoin hosted a live stream on MeiTalk on Friday, December 23, announcing the new strategies that will be implemented by StreamCoin in the crypto world. Chaybeh revealed the different strategies that will be implemented by the company, which will mostly focus on decentralization.
During the live stream, the CEO of StreamCoin initially discussed the future of MeiTalk.
Chaybeh explained that the MeiTalk platform’s tests will be completed by March 2023. After the completion of the final tests, the CEO promises features such as transacting with crypto and the translation of different languages in the live chat of MeiTalk. These are some of the upcoming updates of MeiTalk, apart from live streaming and multi-streaming capabilities across YouTube and Twitch.
Moreover, Chaybeh announced that the iOS app for MeiTalk Beta is on its way to being released globally, allowing all iOS users to explore the live-streaming platform easily.
The Path of StreamCoin in 2023
The crypto community witnessed the fall of many centralized crypto exchanges and platforms such as FTX, Celsius, and many more, which resulted in huge losses. With the rising demise of centralized crypto companies, Chaybeh pointed out that the crypto community has shown a sudden interest in decentralization, implying that users are seeking to gain control over their own assets.
To solve these emerging problems and to meet the crypto communities’ demands, StreamCoin will be adopting new approaches and products, mostly focusing on decentralization. Some of the upcoming developments of StreamCoin include STRMNFT Wallet, Stream Chain 2.0, Stream Wallet, and a decentralized exchange.
Enhancing Accessibility With STRMNFT Wallet
As a solution to meet the users’ demands, the CEO of StreamCoin unveiled one of the company’s upcoming developments called “STRMNFT Wallet.” Chaybeh explained that the STRMNFT Wallet will provide users with more control over their assets. The STRMNFT Wallet will be compatible with Stream Chain 1.0, enabling users to easily access and manage their NFTs from the wallet, without having to log in to the STRMNFT website.
Stream Chain 2.0: StreamCoin’s Second Mainnet Release
Chaybeh announced that the development of a new mainnet is underway to enhance the utility of the StreamCoin ecosystem. The announced mainnet will be called “Stream Chain 2.0.” While Stream Chain 1.0 focused mainly on NFTs for the STRMNFT marketplace, Stream Chain 2.0 will provide new features, which are not available in Stream Chain 1.0. Stream Coin 2.0 will also co-exist with Stream Chain 1.0, to increase the overall efficiency of the platform.
A New Multi-chain Crypto Wallet: Stream Wallet
Ensuring the safety of crypto assets is one of the biggest hurdles faced by the community, but StreamCoin attempts to resolve this with the introduction of the Stream Wallet. The Stream Wallet, according to the team, will be a multi-chain crypto wallet.
Stream Wallet is one among many developments in the pipeline aimed at meeting the rising demands for decentralization. The upcoming Stream wallet will be developed to become a different application from the STRMNFT Wallet. On top of providing decentralization, Stream Wallet will ensure that the user experience is enhanced.
With the Stream Wallet, users will be able to efficiently manage and access their digital assets. The CEO of StreamCoin said that Stream Wallet will support Stream Chain 2.0 as well as many blockchains across the crypto sphere.
Moreover, the Stream Wallet will grant access to all the services and platforms across the StreamCoin ecosystem such as STRM Staking, Stream Bridge, and STRMNFT. Some of the other features of Stream Wallet include accessing different decentralized exchanges, NFT marketplace, and DeFi protocols.
Chaybeh affirmed that StreamCoin is working to achieve another feather in its cap by exploring the concept of Air miles tokenization. If this feature is released, travelers who earn air miles from various airlines can easily convert it into crypto and conduct transactions across the blockchain.
A Decentralized Exchange for a Decentralized Environment
With many crypto communities demanding decentralization, StreamCoin will be developing a decentralized exchange, which is part of its 2023 strategy. The exchange is predicted to support many blockchains, enabling users to easily conduct peer-to-peer trades and transact crypto using other methods. The decentralized exchange will also be compatible with upcoming developments such as Stream Chain 2.0 and Stream Wallet.
Developing the StreamCoin Ecosystem With STRM Burns
Highlighting the previous burns on STRM, the CEO of StreamCoin emphasized that more than 85 million of the native token has been burned, as part of the company’s plan set in August 2022. For 2023, StreamCoin is committing to continue burning to reduce the circulating supply by $45 million worth of STRM by the end of next year.
The CEO of StreamCoin assured that the burning conducted will develop the StreamCoin ecosystem in the adoption of STRM, thus, increasing its value for investors and users.
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