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Momentum 6 🚀 Profile picture
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Mar 21 • 7 tweets • 4 min read
@Momentum_6 portfolio company @_parastate has been referred to as “#Ethereum on steroids.” ParaState offers advanced #tech to tackle some of the challenges facing #developers today.

Read more: bit.ly/3ihWkIy

Contributor ✍🏾: @crypto_clarke
1/ ParaState VM’s distinguishing feature is its compatibility with Ethereum code allowing projects already running on Ethereum to migrate to the Polkadot ecosystem with just a few or no changes to the code.
2/ Developers creating products for Ethereum can opt to deploy their products in the #multichain @Polkadot ecosystem. What’s more, these developers can migrate non-Ethereum projects to #WASM and not worry about security or speed.
3/ Geminis Network is the first Parachain supported by the advanced technical stack from ParaState:
4/ Licensing fees are the primary revenue stream and help fund all future development. Fees are payable using the respective token of the blockchain using ParaState. A basket of these currencies will back the $STATE token in its treasury.
5/ Infrastructure is king. ParaState has been fronted as one of the solutions that takes interoperability to the next level by providing more languages for developers to use when writing code and a fast and more secure environment for creating and deploying various dApps.
6/ Read more about the quickly growing ecosystem in our TL;DR notes of the @banklessDAO interview with founder Marco Chen:

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More from @Momentum_6

Momentum 6 🚀 Profile picture
Mar 23
Here's a 🧵 about why real estate will eventually get tokenized and what that model could look like 👇

A thought experiment... Image
2/
First, let's address what we mean by tokenized -- tokens will be created to represent ownership of real estate.

Since every piece of real estate is unique, NFTs would be a great way to represent them.

These can also be fractionalized to allow for multiple owners.
3/
If you have a token that represents a property, you have digital proof of ownership in your wallet.

That can be plugged into other smart contracts. What can you do with that?
Read 14 tweets
Momentum 6 🚀 Profile picture
Mar 23
Very talented trading geniuses can still go bust if they don't have good risk management skills. Here are some thoughts and tips on how we've learned to approach and think about #risk: bit.ly/3uhlGMh
1/ There's endless opportunity and those with enough knowledge and skill can just keep winning while 80% of #traders fail. The 2 most significant areas to focus on, if you want to stay on top, are #education and mastering self-control Image
2/ Making decisions about how much to allocate to each of your favorite asset classes doesn't need to be stressful. By starting with a hard number of maximum possible loss relative to our net worth, we can establish relative percentages to use as a guide for sizing our bets. Image
Read 7 tweets
Momentum 6 🚀 Profile picture
Mar 22
💊M6 Daily Bullets💊
📅Tuesday - March 22nd📅

Ambire Wallet integrates Moonbeam Network

⁍@AmbireWallet’s Smart-contract wallet is now integrated with @MoonbeamNetwork and @MoonriverNW networks. These are the first #Parachains supported by Ambire.
1/2
2/2
 ⁍@AmbireWallet is gaining some attention for their efforts to lower the barriers to entering crypto with their unique accounts that can be registered and recovered with just an email address. This is an important innovation to keep making Web3 as user friendly as possible.
Secret Network 101

⁍If you didn't have a chance to read our recent overview, medium.com/momentum6/secr… , here’s a shorter summary of why @SecretNetwork is arguably one of the most important and valuable networks live today.
1/2
Read 20 tweets
Momentum 6 🚀 Profile picture
Mar 21
Learning to manage #money is hard. Keeping up with an ever-expanding vocabulary of new financial terms to properly manage our investments is even harder. We're here to help. Here's a glossary of must-know financial terms.

Contributor✍🏾: @cardfarmpoker

bit.ly/3NkeDLA
1/ We've learned the hard way to always understand the latest lingo being used by anyone that's asking you to #invest your money into their project. We found our favorites and shared some short, (fairly) accurate definitions of some of the most interesting words found in #finance Image
2/ We've covered some aspects of the #DeFi multi-verse in previous threads. be sure to check these out for further elaboration on some of the more abstract concepts in decentralized finance.
bit.ly/3JBZovi
Read 7 tweets
Momentum 6 🚀 Profile picture
Mar 21
While the markets continue to chop, let’s see what happened in the world of our portfolio companies through our m² program: bit.ly/3ItvBDz

Also, be sure to join M6’s 1 Line Intros Telegram channel to build partnerships and acquire users: t.me/m6connect!
1/ 🤝Connections
• Connected portcos @PlayElumia with @DROPPgg
• Connected portco @WeArePlanetMojo with @digistrats_com
• Connected with @CelestiaOrg to explore opportunities to help modular and roll-up focused portcos
• Connected portco @RoTTheGame with @SkillGuilds
2/ 🤝Connections (cont.)
• Connecting portco guilds with @Gamestarter IGO platform
Read 8 tweets
Momentum 6 🚀 Profile picture
Mar 21
💊M6 Daily Bullets💊
📅Monday - March 21st📅

DeFi Olympiads

⁍The spirit of experimentation in #DeFi lives on, but this time we can't go complaining to the Developers. @DefiOlympiads offers an opportunity to test new mechanisms and try to break them
1/2
2/2
 ⁍Players must use their TICKET tokens to collect as many MEDALs as possible. #Hacks and exploits will NOT be penalized. MEDAL holders will get proportional airdrops later when these new protocols launch. But If anyone annoys the developers, the 'toxicity bond' gets extended.
Decentralized Deep Learning

⁍@gensynai announces a $6.5M seed round led by @eblockventures to build out a #decentralized Deep Learning infrastructure that enables individuals to contribute processing power to a decentralized compute network.
1/2
Read 22 tweets

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