One of the many innovations in @DIGITALAX_'s NFT gaming ecosystem that we didn’t have room to cover in our joint thread with @CryptoSpider1, is the possibility for top gamers to get sponsorships from major brands and to use their branded digital garment NFTs in-game.
2/ Successful gamers within the @ESPA4play platform can be voted by $MONA token holders to be eligible to receive in-game fashion brand sponsorships through a quadratic funding vote (meaning 10 people voting with 1 $MONA have more voting power than 1 person voting with 10 $MONA)
3/ The fashion brand will then fund $MONA amounts to a Player Development funds pool, which will be used to sponsor the selected players both through $MONA pay-outs and by providing branded digital fashion skins for them to wear in-game.
4/ This ensures incentives are aligned among all participants.
Successful players can get paid through brand sponsorships, brands get valuable exposure, and $MONA holders (who earn a share of @DIGITALAX_ marketplace fees) ensure the continued growth of the platform.
And to close this with some good news, I’m glad to share that I will be working with the @DIGITALAX_ team to help bring more visibility to this amazing project.
6/ In case you missed it, check out the previous in-depth thread on the project:
1/ $INV @InverseFinance (inverse.finance)
- A "Deposit X / Earn Y" yield earning product
- An innovative lending protocol based on a mixed synthetic/credit stable coin
- A star lead dev
- And one of the most active community governances in Crypto...
2/ Inverse Finance is one of the most promising projects in #DeFi right now and for good reason.
It is on track to establish itself as a major DeFi primitive after barely 3 months of existence and its founder @NourHaridy counts @AndreCronjeTech among his earliest supporters.
3/ Most of CT probably knows $INV as the largest airdrop in crypto history. 80 $INV tokens were sent to early supporters, and were initially non-transferable and to be used for governance only. But as the tokens later became transferable, that airdrop is now worth over $100k pp
1/ @Polkadot $DOT #parachain
With all the excitement around the upcoming launch of parachains, I thought it would be a good time to do a TLDR on what they are, how they work, some of the main projects launching parachains, and how all of this will co-exist with other chains...
2/ At its core, @Polkadot will be an infrastructure layer for Layer 1 blockchains, with a Relay Chain acting as a base security layer (a “Layer 0” chain) and multiple parachains (parallel chains) attached to this Relay chain and benefiting from its security and interoperability.
3/ This is similar to an ETH 2.0 type sharded network, but while on ETH 2.0 all shards will be substantially similar, on Polkadot each parachain can be completely different, using different consensus mechanisms, different (or no) native tokens, or concentrating on specific apps.
1/ $PLOT, @TryPlotX (plotx.io)
Here is the “Uniswap for Prediction Markets”, an undervalued project ($3M MCap) offering AMM based prediction markets, with a proven experienced team, soon to be launching their brand new version on @0xPolygon’s L2.
2/ Imo, the reason for such a low current valuation is that high gas fees resulted in their product becoming unusable. However, all this will change by the end of March as the team will be releasing PlotX V2 on ETH L2s, with effectively gasless transactions for the final user!
3/ The platform will go live on @0xPolygon (ex Matic) before the end of March, and the team confirmed in a recent AMA that it will also work on @optimismPBC & zkRollups, and will include fiat on-ramps directly to their L2 platform, making new user onboarding a whole lot easier.
1/ As the @optimismPBC team has dropped news that their mainnet launch has been brought forward, I thought it would be useful to go through what the Optimism ETH Layer 2 solution is, how it works, and what it means for #Ethereum...
2/ The reason for all the excitement is that L2 solutions such as Optimism will help increase Ethereum’s throughput (tx per second), decrease latency (how long a tx takes to be confirmed) and greatly reduce gas fees. All without losing the security of the Ethereum mainnet.
3/ This is the main difference between “side-chain only” solutions (such as @0xPolygon or @xdaichain) and actual Layer 2 solutions. Side-chain solutions have their own consensus mechanism and security, and do not benefit from ETH's Layer 1 security, while L2 solutions do.
2/ $WAULT is going to offer a full suite of DeFi products on BSC: yield aggregator, AMM DEX, lending platform, staking/liquidity mining, Wault LaunchPad, Wault Locker, an elastic supply stable coin, and “Dextools” for BSC....
3/ Essentially developing the tools that are needed for the BSC DeFi ecosystem to mature and become safer for investors; and these are not far-away goals.
These tools are in active development and $WAULT is dropping new announcements almost daily!