Discover and read the best of Twitter Threads about #missionx

Most recents (3)

1/ Why am I so bullish on #MultiversX formerly @ElrondNetwork and the team?

Let me paint a picture 🌠

Imagine your current top performing ⛓️ as a building. A skyscraper even. 🗼

Let’s use #Eth and #Sol as an example

They are some of the worlds largest and most impressive…👇
2/ BUT the foundation they are built on cannot sustain much more growth without support

Support in the form of L2’s or powerful computers to validate the network

They are nearing their limits or will be soon hence #ETH 2.0…

Problem with this as we have seen is…👇
3/ that trying to rebuild the foundation to support more growth, ie. #ETH 2.0 takes YEARS and a TON of work 🛠️

This is NOT ideal and will create future bottlenecks 😬

Many will argue the case for L2’s here but they have their faults and issues as well

That’s for another 🧵…
Read 11 tweets
1/ The reason why you should NOT ignore #MultiversX

🚨 Before reading please know anything shared is NOT an opinion. It is fact and backed by data 🚨

The reason you may not have heard much about #MultiversX formerly @ElrondNetwork is 🧵

@egld_initiative #Elrond
2/ because they were primarily self funded. Their seed round July 15th, 2019 raised $1.9mill

Another $15mill in 2021 and $40mill raised in 2022

Let’s compare:

#Solana $400mill +
#DOT $300mill +
#Cardano $160mill +
#Avax $600mill 🤯
#Elrond $67 mill

Why does this matter? 👇
3/ Unless you have been living under a rock lately you know that VC’s manipulate markets *cough* #FTX #Alameda

They only care about hyping and pumping their own bags

To keep from being heavily VC controlled #Elrond limited their early investors 👏

#MultiversX 👇
Read 14 tweets
1/ #NFTs on #MultiversX are unlike any other NFT’s 🚨

But why? Not because of the art or utility but because of the ownership aspect

You may have heard someone from the #Elrond community mention that #ElrondNFTs provide true ownership

What does that mean though?

Read on 👇 Image
2/ #NFTs on #MultiversX are issued as ESDT tokens with metadata on top

#Metadata is what gives the #NFT the traits, name, rarity, etc.

Having the NFT’s issued as tokens in this manner allows them to be stored and transferred same as any token in your wallet, ie. #Eth, #BTC 👇
3/ How is this different?

Well #NFTs on #Ethereum and most ⛓️’s are issued basically as data in a smart contract

So that #BAYC you “own”, well it is just info added to the SC and ⛓️ saying you are now the owner 🤔

Ever wonder why #Metamask doesn’t always show your #NFTs? 👀
Read 6 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!