Thread by @Rob_Daykin

I've been asked a lot lately why @Nakama_Labs are focused on building and investing on #Shimmer #IOTA. I figured I'd respond in this tweet 🧵👇

#web3 #DeFi #GameFi #NFT

1/ For starters, there are no layer 1 transaction fees for either minting or moving assets/NFTs. This makes it more accessible and cost-effective for creators and users.

2/ ShimmerEVM uses a random order consensus to confirm transactions, which prevents sandwich/front/back running MEV attacks on Dexes. This ensures a more secure and fair trading environment.

3/ there's a large established community that has yet to have the opportunity to adopt web3 applications on an IOTA network. With ShimmerEVM, this opens up new opportunities for them.

4/ Shimmer layer 1 allows for the launch of new smart contract chains that offer more efficient languages or features in the future. This means it's future proof and the possibilities for innovation and growth are endless.

5/ Lastly, higher security and efficiency of transferring assets between chains on top of layer 1. We won't need to rely on either third party centralised or decentralised bridges as the security will be provided by the Layer 1 DAG.

With these USPs, we are optimistic that we can start to unlock more of the potential of #Web3. Which offers advantages if deployed correctly over its Web2 cousins. We’ve only just started to scratch to the surface of what is possible.

Be sure to follow me if you want to learn more about the #IOTA #Shimmer web3 ecosystem which I'm eagerly anticipating launched in the future.