Home | Blog | ARK Announces Partnership With DLUX
Ray Alvarez
Blockchain
Reading time: 3 min
Date: 29th Jan 2021

ARK Announces Partnership With DLUX

As we approach the launch of MarketSquare, we want to give our community an inside look at some of the partnerships we have formed. These strategic partnerships will not only help make MarketSquare the new homepage for the decentralized web but will also create inroads between ARK and other projects looking to build and collaborate together. Today we would like to introduce you to DLUX!

What is DLUX?

DLUX stands for Decentralized Limitless User Experiences. It’s an open-source project built on the Hive blockchain that started as a way for users to build, post and monetize virtual reality experiences without needing to know any code themselves. By leveraging networked A-Frame, visitor avatars spawn into social VR rooms with interconnecting portals to other places, all in-browser across mobile, headsets and desktop computers. With full Hive wallet integration, the ability to purchase and tip became a reality for VR art galleries, augmented reality menu systems and 2D web dApps.

As the project grew, the need for an oracle arose to control how user assets can be packaged, pinned and distributed. Now much more than a decentralized metaverse, DLUX is a full DeFi (decentralized finance) solution. The DLUX token architecture includes the ability to time lock tokens for vote power or governance collateral, and a DEX (decentralized exchange) enables atomic swaps of assets between users. No central authority exists, instead the novel use of a DAO (decentralized autonomous organization) with governance collateral held in escrow by smart contracts ensures orders placed on the DEX are safe. The users maintain consensus in a deterministic way by reading the Hive chain block-by-block and broadcasting their response in the form of a hash.

Future Updates Coming to DLUX

Future updates include a community-controlled multi-signature wallet that will enable bridges to other cryptocurrencies, partial fill orders on the DEX (non-atomic swaps) and community proposals. Accounts holding DLUX Governance will be able to vote on code changes and how various community funds are spent. Move past a scarcity mindset by building on Hive, with no fees, and no code required. The barrier to entry for VR, dApps, and crypto projects is gone, making DLUX one of the most accessible dApp platforms in the crypto space.

DLUX & MarketSquare

Currently, we are nearing the launch of MarketSquare’s beta. While DLUX continues to develop its community, we will work together so that they can take full advantage of all the features MarketSquare has to offer.

While you wait for the MarketSquare Beta, be sure to sign up at MarketSquare.io and subscribe to our YouTube channel for an upcoming video about DLUX.

As of next week, we will also be sharing a post highlighting Hubs on MarketSquare and how our different partners will be highlighted.

Make sure to join MarketSquare by becoming a part of our growing community on Discord, YouTube and Twitter.

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