Unprecedented wide-reaching sanctions are hitting the online world. At the same time, banks are panicking fearing bank-runs, and limiting people's withdrawals while being defended by tanks - the alternative is being held at gunpoint to release people's own money for medical bills. Countries are sinking into dystopian nightmare scenarios for anyone outside the political supercaste, and the only thing they all have in common is, in the past 5 years, they all said "this will never happen here". Meanwhile, in our "parallel economy", the 2021 bull market has made web3 lose all perspective of the greater mission and vision. Competing L1s popping up left and right, claming superiority, only to be proven fallible time and again. Developers following the loudest shills and largest bribes coming from the headquarters of these mockchains, building on anti-technology designed to fall apart at the gentlest breeze. The ecosystem is full of NFTs pretending to have utility, projects fundraising for 10 years only to deliver clumsy single-A "metaverses", sporting barely 1000 daily active users combined including bots. DeFi projects banning people without warning based on one badly designed sanctions list from North Korea USA. It is entirely realistic that the next step will be a license to publish smart contracts, and the requirement to have the contracts come with built in sanctions lists, or be banned from running special software in special jurisdictions. EthPoW, EthOFAC, EthNoFAC.
12/13/2022Njord and Njordson are Kanaria gems that give their holders (technically, the holders of the NFT birds holding the gems) 19.7% of revenue from the RMRK team's future profits. For details, please see linked post. ⚠ Remember! Being a Njordson holder is an active role! You MUST keep your Njordson equipped ALL month to be eligible for the drop. If you unequipped the gem at any point during the month, you will be skipped in that month's payouts and forfeit your share. If you bought a Njordson and the previous owner had it unequipped at any point in time, you also do not qualify and have to wait until the next month! We skipped May because the expenses far exceeded profits in that month. June multi-sig earnings from commission and royalties: 854.64948 June staking earnings: Earnings from validator stake in month: 70.1797
8/6/2022There are many definitions of metaverses, mostly configured to match whatever the defining party is selling. But if we go back to the origin of the word in Neal Stephenson's Snow Crash, we can rather safely extrapolate that a metaverse should be: A community-modifiable virtual environment in which a reasonably unique and digitally scarce representation of a real human can easily interact with other such representations, and permanently own the experience of those interactions. Let's extract and discuss the most important parts: community modifiable digitally scarce
7/30/2022This post will document some examples of what becomes possible with RMRK - a set of NFT 2.0 legos that, when put together, allow you to compose a cross-chain cross-media cross-collection compatible system of advanced but backwards compatible NFTs. NFT Legos The following few sections document the various legos we developed as part of RMRK 2.0. Later on, we will go into a combination of these legos to see what their combinations make possible. Nested NFTs NFTs that can own and equip other NFTs. Think in-game characters and their inventories, or house deed NFTs containing an album (another NFT) of photographs of the previous construction project.
7/20/2022or
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