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UMA Profile picture
@UMAprotocol
Jun 8 • 9 tweets • 7 min read Twitter logo Read on Twitter
1/ When NFTs exploded into the mainstream in 2021, they onboarded millions of first-time crypto users.

While avatar JPEGs were all the rage deep in the reeds of crypto, plenty of other innovative use cases emerged. Read on to learn about a cool example we love 🧵 ImageImageImageImage
2/ As NFTs boomed, artists, brands, and sports teams rushed to find ways to leverage the technology to engage with their audiences.

Even creative agencies started launching their own NFT projects.
3/ One of those agency-led projects was #PlusConnect.

A joint venture from the teams behind @SocializeAgency and @wearesocialsg, #PlusConnect was created for the @PlusCompany_ network.
4/ #PlusConnect is a gamified NFT experience that lets PlusCompany’s network of creatives mint their own NFTs on @0xPolygon for free.

Collectors get a digital sticker pack that they can unwrap, and then the art evolves as they connect with others holding one of the NFTs.
5/ #PlusConnect recently took home a trophy at @TheWebbyAwards, a prestigious award that’s been described as “The Oscars of the Internet.”

Winning a Webby is a huge deal in the creative world.
winners.webbyawards.com/2023/apps-dapp…
6/ OK, that may sound great, you’re thinking—but why is this of interest to UMA?

For one thing, it’s cool to see projects from outside of the crypto bubble coming up with inspiring ways to welcome new adopters. But the project has other interesting plans in the works.
7/ #PlusConnect will soon be launching a DAO-based innovation fund on @0xPolygon.

The project is set to launch @SnapshotLabs off-chain voting, allowing NFT holders to vote on governance proposals. But it will still rely on multi-sig wallets for on-chain execution.
8/ UMA fits in neatly here as #PlusConnect could use oSnap for trustless optimistic governance, something we’ve discussed with the project in recent weeks.

oSnap is an UMA-powered solution that uses Snapshot voting and @safe multi-sig wallets.
9/ oSnap is already helping Web3 DAOs like @ShapeShift, @AcrossProtocol, and @Barn_Bridge embrace decentralized governance, and we hope to help more projects like #PlusConnect bring us closer to a world of optimistic DAOs.

Learn more about oSnap below.
airtable.com/shrW1iJRbU4tEI…

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More from @UMAprotocol

UMA Profile picture
Jun 15
1/ Another drama is unfolding in the DAO ecosystem, this time involving @apecoin.

Here’s the lowdown on recent events surrounding the Bored Ape Yacht Club-linked DAO, and how oSnap could help. 🧵 Image
2/ The ApeCoin DAO is a group made up of $APE tokenholders.

It launched off the back of Bored Ape Yacht Club’s roaring success in March 2022. Every Bored Ape holder received $APE in one of the most memorable airdrops of recent years.
3/ According to the ApeCoin website, a group called the APE Foundation acts as “the steward” for the DAO.

This foundation is overseen by a Special Council.
apecoin.com/about
Read 17 tweets
UMA Profile picture
Jun 15
1/ Calling all builders 📣

@ETHGlobal Waterloo is approaching, and we’re inviting hackers to join us at the event 🇨🇦 Image
2/ ETHGlobal Waterloo is happening from June 23–25, and UMA is contributing a $10,000 prize to a pool worth $225,000.

After a great run of ETHGlobal events this season, we’ll once again be awarding prizes for the best projects built using UMA or @AcrossProtocol.
3/ We’ve been inspired by many of the cool projects that have come out of ETHGlobal’s recent hackathons.

Highlights have included a ZK-based data browsing indexing tool, a flight insurance protocol, and a sports betting platform, but the scope for building with UMA is limitless.
Read 9 tweets
UMA Profile picture
Jun 14
1/ oSnap has welcomed another DAO into the world of optimistic governance 🎉

Read on to learn how the UMA-powered solution is helping #PlusConnect’s +DAO embrace decentralization in Web3 🧵 Image
2/ #PlusConnect is a Web3 initiative designed to help @PlusCompany_ network creatives enter the crypto space.

It launched with a @TheWebbyAwards-winning NFT project and is now starting +DAO alongside @0xPolygonLabs to fund innovative ideas and projects. Learn more below.
3/ +DAO will implement @SnapshotLabs off-chain voting to allow NFT holders to vote on governance proposals.

With oSnap, the DAO will be able to see proposals through to on-chain execution without falling back to a central team.
Read 6 tweets
UMA Profile picture
Sep 27, 2022
1/9 We had an outstanding cohort of @UMAprotocol projects at #ETHOnline2022.

Creative, thoughtful, and useful products that really stretched the limits of the optimistic oracle—and opened up whole new DeFi categories. Let's take a look at the submissions! 👇
2/9 Mirror IP uses the optimistic oracle to create NFT IP rights derivatives, and to ensure that the holder of the IP derivative is following terms of use set by the NFT's owner.

It is an impressive way to enforce IP rights & responsibilities on-chain.

ethglobal.com/showcase/mirro…
3/9 Park 3 Hyperstructure brings the state of the real world on-chain by letting users make claims (with evidence) that can be disputed with the OO.

By inverting the pattern from asking questions to making statements they opened a new oracle design space!
ethglobal.com/showcase/park-…
Read 9 tweets
UMA Profile picture
Sep 26, 2022
1/4 Join UMA in Bogota Oct 7–9 as part of @ETHGlobal's ETHBogota conference and hackathon.

medium.com/uma-project/cr…
2/4 As part of the hackathon, we'll be awarding USD$8K in prizes to hackers who come up with the best use cases with UMA's optimistic oracle (OO).
3/4 In this Medium post you'll find:

✅ Docs to get started with UMA’s OO
✅ A few specific ideas that could be built at ETHBogota and beyond
✅ A video introductory workshop by UMAn @jdshutt focused on building with the OO.
Read 4 tweets
UMA Profile picture
Mar 15, 2022
1/ Retweet this to plant a tree.

🌳

This is actually real. Read this thread to understand how it works 👇
2/ This works because Risk Labs created an ERC20 token calibrated to pay out $1 each to @TheGivingBlock on behalf of @onetreeplanted for each retweet this tweet thread gets.

It’s not just “a promise to pay.”

It’s a trustless and unstoppable contract that WILL pay.
3/ $10,000 have been locked by the Risk Labs foundation in a smart contract on @0xPolygon.

Who can unlock those funds depends on the number of RTs on the first tweet.

If we reach 10,000 RTs, then @TheGivingBlock can unlock them all and @onetreeplanted will receive them.
Read 15 tweets

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