Thread by @0x1559_eth

$AVAX SUBNETS USE CASES THREAD 👇👇👇👇

In this thread we will explore the use cases of Subnets on $AVAX.

Hopefully these examples shed more light on the next-gen technology of subnets.

1/

$AVAX users, expect a rush of developers, users, and collaborations within #AVALANCHE due to Subnets.

For the full picture, view my first thread explaining Subnets and their impact.

Check it out here:

2/

https://twitter.com/BubbaCrypto23/status/1498320665367228419?s=20&t=3MVqNlw6U930S-iaa6bT9g

Why is the $AVAX twitter spaces community so bullish on subnets?

Simply put $AVAX is creating the ultimate freedom for developers to create, port, fork, or spoon any protocol or blockchain.

It's called subnets.

3/

Let’s elaborate on cross communication:

As mentioned in our earlier thread, subnets can import entire blockchains.

This ushers in the potential of blue-chip crypto protocols on other chains to exist on $AVAX.

4/

Imagine a thousand different protocols from all chains came on $AVAX and launched their own subnet.

A network deployed on an $FTM subnet can communicate with an $AVAX subnet.

Alongside any other chain using their $AVAX subnet technology.

5/

A basket of assets from every chain suddenly becomes a collective $AVAX treasury of assets.

Including low cap coins of all ported chains, their yield farming protocols, and much more.

6/

$AVAX subnets offer all developers:

1. Ability to deploy their native token
2. Interaction with public subnet chain’s assets
3. Security of the network

7/

Subnets provide an entire blockchain to ANY developers. All they need are validators present to help the network.

Your favorite #GameFi project can have their own subnet offering their main chain token for daily use.

Increasing token demand, providing utility.

8/

Subnets offer revolutionary gas fee functionality:

Users of a subnet pay the gas fee with the token itself.
Hard to imagine as we are accustomed to using $AVAX by default.

In the near future we'll use the fee chosen by the owners of the subnet instead.

9/

Here's the exciting part, if the owners elected, they could have the chain be a gasless chain.

Removing fees, essentially costing the users nothing to interact.

This has been a dream for so many years, with subnets it is a possibility.

10/

Subnets also offer cross-chain assets to each other, without using a bridge.

Eliminating bridge risk vulnerabilities by cross chain communication.

Erasing concern about paying high bridge gas fees on $AVAX.

11/

The speed of subnets is out of this world!

Watch this video demonstrating use of the @PlayCrabada test subnet.

12/

https://twitter.com/Gojo_Crypto/status/1499785295251709952?s=20&t=3MVqNlw6U930S-iaa6bT9g

#NFT’s projects will have the ability to transfer assets between each other's subnets.

Collectors, if chosen, can run cross chain air drops or multi chain mints at the same time.

Pushing a new iteration of NFT's rippling the future of what's possible.

13/

Imagine a project owner on a $FTM subnet decided to airdrop holders of the same collection on a $AVAX subnet.

This is a built in, frictionless feature of subnets.

Before we conclude let’s bring private subnets to the forefront of our attention.

14/

Certain sectors in the world need subnets to suit their needs such as confidentiality and #security.

Banks are institutions that hold potential for this use case.

They can use their own token as the sole token of their chain. Ushering in #decentralized stablecoins.

15/

What about security?

The collective giga brains over at @AvaLabsOffical enabled a straightforward design addressing the risk of post quantum technology.

$AVAX consensus mechanism is nimble enough to be run on virtual machines that provide more secure cryptography.

16/

If you enjoyed this thread, follow @BubbaCrypto23 for more $AVAX alpha.

Open to advisor roles on projects.

Would love to be of as much service to the whole twitter space as possible.

I’m #Bullish on $AVAX.

17/