1/ @McKinsey estimated the global market value of Internet of Things to reach 5.5 to 12.6 Trillion USD in 2030.

How Blockchain plays a key role on this topic?

A thread about it 🧵👇🏻

The 🧵 will be a summary of our deep-dive analysis on @iotex_io that we just published! 👇🏻

Please consider a follow & RT if you like the content!

https://medium.com/@daolecticresearch/iotex-and-the-internet-of-things-framework-97e934fb8efd

2/ The Internet of Things industry is one of the most promising technological developments of our time.

Applications include B2C smart home systems and B2B logistics monitoring and energy grid control. 

Thus, IoT comprises hardware, software services, & connection.

3/ #Blockchain technology allows for immutable and decentralized data transport which can be a key factor for IoT solutions.

Both IoT and blockchain need security, including non-intentional and systematic risk management.

4/ Blockchain can address several of the IoT cybersecurity needs, including integrity & secure communication.

The tech solution must have minimal tx costs, enhanced growth potential, and scalable identity management, along with a customizable environment for each IoT domain.


5/ @iotex_io project is a full-stack platform designed for IoT applications. 

Its ecosystem combines blockchain technology with secure computation and hardware to allow the Internet of Trusted Things (IIoT).

6/ A key IoTeX element is Decentralized Identity (DID) that enables:

➤verified digital identification of people, places & devices.

➤direct interaction of users & devices since their IDs are interoperable and standardized.

 @cryptoxfan explanation👇🏻

https://www.youtube.com/watch?v=8pyrhUdQe1E

7/@iotex_io architecture is composed of a public permissionless root chain and subchains. 

Subchains can either be permissioned or permissionless blockchains supporting smart contracts with EVM compatibility.

8/ The consensus mechanism is called Roll-DPoS (randomised delegated proof of stake).

The Roll-DPoS allows for random selection of the block producer, auto-scaling the set of candidates.

This is in line with the necessity of managing several blockchain designs.

9/The IIoT allows people & robots to engage with assured trust and privacy thanks to a mix of trusted data, devices & apps.

The ecosystem operates with hardware-based TEE (Trusted Execution Environment), which protects apps & data against undesired access or alteration.

10/ @iotex_io introduced the “Powered by IoTeX” devices that unleash people to own and manage their data in a trusted & secure environment(i.e. Pebble tracker)

Today's typical smart devices are linked to centralized organizations that hold, mine, and profit from our shared data.

11/ Pebble Tracker is an example of IoTeX's study on the use of Blockchain in IoT applications. 

The underlying research aims to solve the data coming from hardware inputs. 

These devices' data may be used to build a decentralized ecosystem with a secure token economy. 

12/ In the next future, secure hardware-powered equipment may enable a new economy thanks to massive data creation embedded in a decentralized environment.

Blockchain will be the instrument that openly assures consumers and all organizations to profit from these new solutions.

13/ How the final users can monetize with their own data?

IoTeX 2.0: MachineFi 

MachineFi has the objective to bring back to users the value created by devices.

As DeFi unleashed a virtual crypto economy, IoTeX fosters a decentralized real-world economy.

14/ To properly manage the multitude of data, IoTeX platform integrates the "Real-World Data" oracle (L2 comparable):

➤ It performs the connection between secure devices and the IoTeX layer 1 blockchain.

➤ It contains all the necessary devices info in a decentralized manner

15/ Web3 developers may work directly with trusted objects in a P2P manner.

The key ingredients that make it happen are excellent security, scalability, data processing, and zero-latency.

IoTeX made a partnership with the Google Cloud solution 👇🏻

https://twitter.com/iotex_io/status/1501646750699823106

16/ $IOTX is the #IoTeX native utility token that may be used to access network apps and services.

➤token holders may vote and participate in network governance.

➤delegates stake IOTX to share in network consensus and rewards.

➤IOTX is used to power dApps & boost economics.

17/ The total supply is 10 Billion $IOTX.

It will be lowered to 8.8 Billion $IOTX thanks to:

➤Burn 2.65% after the Mainnet GA activation (June 2020)

➤Burn 9% with the "Burn&Drop" tokenomics 

Each new device registration burns $IOTX, providing token holders a % as an airdrop

18/ The airdrop will be provided to those who stake for at least 90 days their $IOTX and will be released at 1 Million devices registered.

As the number of dApps, devices, and tokens expands, so will the incentives for token holders to continue utilizing the network.

19/ After the Burn&Drop phase, @Iotex_io introduced the Burn-To-Certify program:

➤Device companies will burn $IOTX to access specific resources for each new device registered.

➤The overall $IOTX supply will be reduced with each new “Powered by IoTeX” item.

20/ In 2019 @CertiKTech audited positively @iotex_io which present a high-security score 👇🏻

https://www.certik.com/projects/iotex

21/ During the last WBS in Dubai, @iotex_io announced their $100M fund for the growth and implementation of their ecosystem.

Over 1,000 startups will be backed by the new fund to link over 10 million devices to the MachineFi platform within 3 years.

https://twitter.com/iotex_io/status/1504547966299750410

22/ @iotex_io founders (@Raullen, @cbetass, @qevanguo, @cryptoxfan) and key members have solid academic credentials and extensive professional experience.

The IoTex team includes scientists, researchers, and engineers from Google, Facebook, Uber, and Bosch.

23/ In the lastest @TresconGlobal conference, we had the pleasure to meet @larrypang where he explained the further development of @iotex_io roadmap.

https://twitter.com/daolectic/status/1506906410864500745

24/ If you like this🧵, please like and retweet it to help us reach a wider audience!

@IoTeX_Community 
@iotexPad 
@iotexpunks 
@StarCrazyGame 
@ClipsDAO
@machinelearnflx
@iopaywallet

25/ Interested in knowing more about @McKinsey report?

Have a read down there👇🏻

https://twitter.com/McKinsey/status/1514226908568776705

IoTeX - When IoT meets blockchain

1/ What will unleash #crypto adoption? 🧵

The future of money, from purchases to in-game and #metaverse currencies, is connected to #cryptocurrencies.

EU regulations, Goldman & Sachs positive outline along with institution interest are some of the new elements on the table.

2/ Big banks started to flood the market with cash.

The combination of large flows and a long-term strategy may help stabilize prices.

It's not a good thing for the community tho, since they aren't truly engaged in it.

https://cryptopotato.com/goldman-sachs-prepares-cryptocurrency-investment-services-this-year/

3/ Multinational companies will, however, boost interest and adoption.

@Walmart, @Tesco and @Nike started to enter the #metavere with #crypto payments for their assets (next gen kids demanding parents #cryptocurrency for transactions). 


4/ Retail investors are incresing their exposure in the market as visible from @TheBlock__ metrics below.

#CEX are necessary for mass adoption, even tough they don't represent what #crypto was intended to be.

With @netflix doc #trustnoone you have a good excuse tonight

5/ Research and education will promote #cryptocurrency acceptance.

Understanding how #blockchain works is critical, supporting also scalability. 

All hands must be on deck for the #blockchain to thrive and offer its full potential.

6/ Nations like Philippines, Kenya, Vietnam, and Nigeria are rapidly embracing #crypto.

Why?

Due to lack of foreign investments, they miss simple access to international currencies like the $/€. 

Local currency depreciation leads citizens to acquire crypto to increse savings

7/ El Salvador and president @nayibbukele became the first to adopt #Bitcoin as a legal tender alongside the $US.

In 2021, it acquired 550 $BTC ($23 million)

Salvadorian firms may easily pay for import and export with #BTC. 

And.. investors began buying property using bitcoin!

8/ What will it take to bring #crypto into mass adoption?

What are the key factor to support this long-lasting journey?

In which way #DAOs and #blockchain can help the organization of modern corporations?

We made a business case to understand the potential of a #DAO in a family-run business.

A thread 🧵

1. 2021 for #DAOs was an extraordinary year, in less than 360 days the #TVL grew up by 13X! 

Data provided by @DeepDAO_io 


2. #DAOs are one-of-a-kind native online organizations that empower their decisions making privileges. 

Members get together to form the organization, establish goals, and set up rules for supporting the #DAO’s mission.

3. While you heard about the meaning of #decentralized, what is exactly #autonomous in the organization?

The Autonomy refers to the rules that govern the operations of a #DAO, programmed and written in source code. 

All executed with no interference of any human actor.

4. Consider traditional corporate organizations:

Each firm is characterized by a set of hierarchical rules that must follow the laws of the nation in which they operate.

Basically the core principles every employer will have to abide by, for the company to fulfill its mission.

5. #DAOs are not that different, but with the inclusion of technology.

#DAO rules are written through the use of a #smartcontract enabled set of rules. 

The same one is created and changed based on proposals and community votes. 

This is the definition of a Digital Contract.

6. One of the key advantages of a #DAO is more openness compared to traditional corporations. 

The transparency level is high since anybody can examine all activity and financing. 

The whole balance sheet of the DAO is accessible and documented through a public #blockchain.

If you arrived till here please consider dropping us a follow.

@daolectic 

We often share analysis and reports such as this one.

7. This new type of business structure combines Digital and legal contracts. 

Doing so helps the exchange of assets and smoothens social and commercial interactions.

How does it work?

8. One of the most important features of a #DAO operation is the development of rules through community vote using #smartcontracts.

You might ask, how do I become a DAO member, and what do I need to exercise my voting right?

This is where the need for a DAO #token would begin.

9. Members must get the #DAO’s native #token, which is linked with the project and mission of the DAO.

(There are cases of #DAOs where a token is not needed, as of now we will not take into consideration the token-based membership vs share-based membership )

10. All the #token holders get voting rights in the community according to the share of their holdings. 

The tokens allow ownership in the equity of the #DAO alongside shaping up its future growth.

Being a #token holder in a #DAO is exciting because you are not bound by any kind of legal contract and instead are rewarded to act in ways that help the DAO achieve its core mission.

For clarity let’s examine the @compoundfinance proposal mechanism:

Each #DAO can have a different mechanism and set of rules, based on the initial settings of the #smartcontract.

It might be the case that a proposal passes after compelling with certain implications.

Let’s keep using #Compound as our reference to check one of their proposals:

The beauty of this system is the clarity with which it operates. 

You can see past proposals and votes navigating through the governance dashboard.

As you understand, the number of tokens a user hold plays a key role in the weight of each casted vote.

The proposals can be about modifying the rules, funds distribution, hiring or firing of certain individuals etc.. 

This is similar to having voting shares in a company but with more freedom to transfer your permissionless tokens.

While this raises some concerns about the #decentralization of a #DAO, its stability relies on passing governance proposals only with the approval of the majority of stakeholders or a council of high experts in the field.

It is also clear that the above class of shareholders are the ones that most believe in the DAO’s mission, and so they must play an important role within the #DAO itself.

Imagine the flood of new proposals if every stakeholder has the same power on the governance propositions..

Time is the best of all assets, and so it is something that should not be wasted.

During my experience in a corporate job, I always felt like organizations waste a ton of time on decisions.

Imagine having a #DAO incorporated in your business what could be the potential?

Of course, you should not switch your business model to a #DAO, not yet.

The purpose of our research is around the benefits of having one in your business model.

#DAOs can have infinite use cases, from taking governance decisions on #DeFi protocols to offering media services, venture funds, social media platforms, freelancer networks, and so on...

Every single one of these with a core mission well defined.

Below I used a screenshot from an article of @Coopahtroopa to give you a breeze of the current #DAO landscape.


Let’s play a game and assume we are willing to create a #DAO to fund our old family-run business Fashion Suites LLC. 

Our goal is to accumulate liquidity through a native token ($FS Token) and fund a strategy that will help our brand go viral.

Ultimately we just want to produce the best male fashion suites in existence, what could be one way to put the beauty of a #DAO to work?

Our ideal Fashion Suites LLC DAO would look something like this:

Oversimplifying a #DAO structure we can now proceed and pitch our project.

By using our $FS token we will be able through the power of an organized community to fund particular projects such as:⬇️

1.  Hire / Fire designers to put our project to work.
2.  Increase spending budget on the marketing side and promote our brand.
3.  Re-distribute profits coming from the selling / renting of our suites to the token holders.

I can go on and on with how many physical businesses can be digitalized with the power of a #DAO (think of real estate for example).

You might wonder, why not crowdfund the whole process?

While a #DAO is partially an injection of liquidity, in this case, we are bringing in the board people that will convey on a common mission (creators, fashion experts), for the DAO success DAO.

Remember organizing is power, understanding organization is a part of the solution.

Traditional organizations have centralized forms of authority, which is one of their primary flaws.

When it comes to hierarchy, bureaucracy, authority, power, corruption, and persistent flaws in organizational theory, our legacy corporate world has severe concerns.

The centralization of authority such as management and managerial work is meant to make the whole operations flawless.

But instead, they produce unintended consequences such as information asymmetries, tensions, and conflicts between the managers and the managed.

#DAOs have a #decentralized collective power structure built on community, which gives all members of the organization a stronger voice. 

As expressed above, #blockchain technology enables an efficient method of decision-making.

Although #DAOs are not perfect and as per any highly and new technological invention it comes with flaws:

1.  Decision-making that involves the participation of the majority of members can end up being very slow and inefficient.

2.  The uncertain legal environment surrounding #DAOs, how are these getting regulated now? and in the future?

3.  #Smartcontract security concerns.
 
#DAOs have a treasury at the core foundation and as in most of the treasuries, the security level must be flawless. 

https://www.coindesk.com/learn/2016/06/25/understanding-the-dao-attack/

#DAOs are flexible and can be adapted in plenty of use cases for numerous contexts.

This new type of socio dynamics mechanism is up to re-shape the way we organize and create collaboration the magnitude of top tier companies.

Sky is the limit.

For the full medium article please read our link in BIO.

This is not, in any case, financial advice, the goal of my research will always be to dive deep into projects and study them from different angles.

I do include personal opinions based on my experience with similar projects that I have recently studied.



You can read the unrolled version of this thread here: https://typefully.com/daolectic/tq8GZaS

@Immutable - SHORT THREAD 🧵

➤$IMX is an #Ethereum #layer2 focused on #gaming and #NFTs.

➤Powered by @StarkWareLtd zero-knowledge rollups. 

➤$200M just raised in Series C @ $2.5B val. 

Our one page overview👇🏻

#ImmutableX solution promises speeds of up to 9000 #TPS without any #gasfee in a non-custodial way, providing:

➤Customers with rapid trade confirmation

➤Vast #scalability

➤Zero gas fee for minting and trading #NFTs

Immutable, well known for its #blockchain-based game @GodsUnchained, was founded as a next-generation #protocol that offers a scalable #layer2 solution to the realm of #NFTs.

The company has been founded in 2018 by the two Ferguson brothers, Robbie @0xferg & James

@immutable employs a #ZKRollup 

➤It takes thousands of #offchain transactions

➤Generates proofs that these trades were all genuine (asset owners signed the trades)

➤Releases that proof on-chain, where it is confirmed by a smart contract

@immutable proof is based on validity. 

Validity-based proof ensures that your assets are never exchanged without your authorization, which is the same security method used by the #Ethereum mainchain.

It guarantees that your goods are never stolen from you.

@Immutable has created an extremely easy approach for #NFT creators to build digital assets.

As a developer, you may simply state that you want to mint "X"  assets with "Y" scarcity, making the development process highly user-friendly.

@GuildOfGuardian, @illuviumio, @TokenTrove, @veve_official, and many more made already partnered with @Immutable!

Wondering about #GoG?
Have you missed our analysis on @GuildOfGuardian?

Don't worry, check it out on our report!
https://twitter.com/daolectic/status/1491490647244640259

#Immutable & @Gamestop established a $100 million fund to encourage #NFT developers. 

As a result of @Microsoft recent acquisition of @Activision, Immutable's relationship with @Gamestop may be significantly larger than previously thought.

$GME

https://twitter.com/Immutable/status/1489209166010847232

According to @l2beatcom, @Immutable presently ranks 9th in #TVL when compared to other #Layer2 solutions, with $56 million.

This is understandable given that the $IMX token only debuted a few months ago and staking incentives are not yet effective.

More recently, the company announced a massive raise in Series C funding, bringing the whole project valuation at $2.5 billion!

https://twitter.com/Immutable/status/1500832924442128387

Check out more insights on our latest Medium post!

LINK IN BIO👆🏻

#immutablex #layer2 

Immutable X

The Metaverse - ULTIMATE 🧵

#Metaverse, like #Blockchain, is a word that is becoming more popular but is hardly fully defined.

The intersection of self-sovereignty, limitless networks, VR/AR, data, commerce, #tokenomics, and other concepts is still evolving.

Interested? 👀👇🏻

1/The next big step as an interconnected society is here:  

7 billion digital minds capable of living almost fully online and contributing to a society influencing virtual economy

Imagine it.

@daolectic attended the @Everyrealm course on #Metaverse & NFTs

Get ready for it! 👇🏻

2/When Facebook released its @meta makeover, the #metaverse soared in popularity (and its aim of building its own metaverse). 

@Google trends come in our help📈

In the metaverse and #web3, we are presently aiding various new businesses

However, what is web3 compared to 1 & 2?

3/#Web1 -> open, community-governed protocols. Most value went to the network's edges (users & builders)

#Web2 -> corporate-run segregated services. Most of the wealth went to @Google, @Apple, @Amazon, & @meta 

#Web3 -> #tokenized internet controlled by creators and consumers.

4/@janineyorio, @everyrealm CEO, introduced the #metaverse as:

1. #Immersive as it enables users to go from 2D to 3D virtual worlds using AR, VR & crypto

2. #Interactive

3. #Social

It is a #network of linked experiences & services, devices & items, resources & infrastructure.

5/@ballmatthew, a recognized #metaverse expert and influencer, wrote a long-lasting primer about this incredible world.

We recommend you to take some time in reading it;

https://www.matthewball.vc/the-metaverse-primer

In the meantime, here you find his own definition of #metaverse👇🏻

6/The #metaverse has a lot to offer to people of different backgrounds and interests. 

In a late-2021 survey of 🇺🇸 internet users, moreover as stated they would join the metaverse to benefit from #virtual workplaces and networking.

7/The #Metaverse allows you to enter a virtual environment without using a computer. 

➤#AR and #VR are required, coupled with phones and haptic gloves, 

➤The virtual environment might be utilized for business, play,   concerts, movies, or simply hanging out with friends

8/How blockchain is linked with the metaverse?

@Anne_Connelly and Elizabeth Strickler introduce to the whole audience the concepts behind #blockchain & #NFTs, explaining which are their roles within the #Metaverse technological infrastructure. 👇🏻

9/ Through #NFTs, #cryptocurrency is establishing the groundwork for a self-sovereign financial system, an open creative economy, and a universal digital representation and ownership layer.

More time spent online will result in more digital value being generated and consumed.

10/To invest time and money in #virtualworlds, people must believe in their long-term economic sustainability. 

#Decentralized networks provide a degree of trust and benefits that are unmatched. 

People seek new ways to trust institutions because they no longer trust them.

11/ @Somniumspace is a #VR platform driven by #blockchain. 

➤Users can create, import #NFTs, and explore scenes.

The creator @ASychov can bring you into a special journey, where your avatar can wear the latest designer suit as #NFT, having fun with the other users!

12/According to @todiba, the #metaverse opens up new digital frontiers for consumers and companies

➤fully accessible to consumers, producers, & businesses

➤brands can establish a new economy thanks to a future of interaction, developing new income streams in a virtual world

13/ Virtual real estate & land ownership are major frontiers: 

➤Thanks to #blockchain, users may buy & sell #land in metaverses

➤People believe this #virtual property is worth paying for

➤Ownership indicates a commitment to the #metaverse

➤Its expansion brings engagement

14/What about other main trends in #metaverse?

➤#Gaming - Games will become increasingly #immersive (location-based, social, and interactive) and produced by a large number of people

➤Education & Learning

➤Work collaboration

➤Fashion

➤Live music

➤Phygital experience

15/Last, but not least: 

@CathyHackl is the profile you MUST follow to learn and embrace your #metaverse journey.

without her, we wouldn't be here to write you about @everyrealm academy.

Check out this speech 👇🏻

https://www.youtube.com/watch?v=rac0rHPHzjk

16/ To conclude:

The #Metaverse: the New Era of Social Interaction and Communication 

➤It comprises numerous layers, each vital to the development of this new ecosystem. 

➤A broad spectrum of business players will be able to prosper in the future. 

pic credits @ballmatthew

➤There will not be a dominating #metaverse, but a multiverse is quite plausible (multitude of metaverses)

➤To realize the multiverse paradigm, it will be required to be able to switch from each metaverse

➤the market will take 2/3 y to digest this new technology & embrace it

17/@everyrealm just closed a stunning Series A investment seed including prominent figures in the space.

They are one of the major actors in #metaverse!🚀💫

https://twitter.com/Everyrealm/status/1491947197595893761

18/ Check out our latest medium post through the link in our BIO.

You will find more details, statistics & insights on the #metaverse 

Exit the comfort zone, enter the metaverse!

@janineyorio @CathyHackl @TJ_Kawa @Everyrealm

You can read the unrolled version of this thread here: https://typefully.com/daolectic/H15rybe

Exit the comfort zone - Enter the Metaverse!

The #dotcom period was roughly equal to the #crypto age from 1990-2005. 

Many enterprises failed or were full of hyperbole. 

It took another 15 years from 2005 to 2020 for firms like @Apple, @Netflix and @YouTube to develop and find widespread practical usage.

Today there are many chances with less #risk and #volatility than in the early days.

Don't #FOMO in or out because investing is a long-term process. 

Keep studying and learning about your financial and personal goals, and you will discover opportunities along the way!

@AuroryProject new whitepaper explained. A Daolectic 🧵

This is our V2 analysis, what does it mean?

It means you also have V1 that have been released from us a couple of weeks ago and we suggest you read that too to have a better understanding of our V2

https://twitter.com/daolectic/status/1484624720653807617

1. By reading through the new #whitepaper or so-called "Manifesto" there are significant reveals on the overall #gameplay, the key core elements, and the way the $AURY will be effectively used and balanced through accurate inflows and outflows of the #token economy.

2. The Lore
While I will not address the lore, this section was useful to understand the meaning behind their PVE Mode.

During the story mode and through some well-articulated fantasy scenarios, the @AuroryProject team will teach you about #blockchain and #crypto in a fun way.

3. The PVE

The @AuroryProject team made it clear on the way they intend to release content for the #PVE game mode.

The story of Helios and Sam will play over multiple seasonal releases of content as shown below.

What is a new season bringing in the game?

content!

4. The PVP

Through accurate combat phases the player will be able to battle in a battleground grid with their Neftie, here the team released more details on how to access the #PVP mode of Aurory:

5. Combat mode

@AuroryProject combat mode will be a turn-based combat system of 3v3 battles where Nefties will be placed on a battleground grid. 

The end goal is, as you can imagine, to defeat all your opponent's nefty.

What does a battleground grid look like?

Before continuing with the read please give us a follow on Twitter as we post analysis and interesting insights on certain crypto projects that we find interesting such as this one.

The center of the map also called "The Killing Floor" is where the majority of the duels between Neftie will happen. 

After a certain period, the whole battleground will start shrinking, forcing all the Neftie to battle their way out of the duel.

I won't go deeper into details on the combat mode (you can find more on our medium article linked in BIO) as it is something that will interest more the "gamer" part of Aurory and less the audience of our reports.

6. World Map: Regions and Landmarks

The map is divided between Regions, and each region will have its Landmarks (Villages, Castles, Points of Interest, NPCs).

We felt the graphics of the manifesto were so good that we can't avoid using some of these in our report.

7. Quest and Nefties

Aurory will reward players also through Quests.

For those not familiar with this term, quests are often assigned by NPCs to a player or a group, and will require you to complete a specific mission to obtain a reward.

In both PVE and PVP, Nefties may indeed be earned.

Players collect eggs in PVE and hatch them using $AURY to receive a new Nefty companion! 

Nefties can also be obtained through special occurrences or purchased on the marketplace. The eggs are obtained by winning fights.

8. Tactician, Power Stones, and Lands.

With the game development progressing day by day we are experiencing further elements being added in the gameplay.

We will start with a new entry, tacticians.⬇️

Tacticians are added to let the "skilled players" emerge and show their true strategic adversity towards the in-game battles.

Each team will be led by his tactician that will determine the team starting location in the grid and some additional passive abilities.

Power Stones can be defined as more "consumables" of the game and will unlock special tactical abilities.

Each player will carry two slots during their battle for the relative power stones they intend to use, incentivizing the many possibilities of tactical efficiency and skill.

As per Lands we resumed it with one of our infographics below ⬇️

As we spoke about Lands we cannot skip the core perks and so the Dungeons. 

The more you progress through the Dungeon the more rewards you will get, and on top of that, the harder the dungeon the higher will be the quality of the reward received. (#NFT asset)

Having clear what a Dungeon is, Aurory announced there will be five difficulty tiers:

Easy
Moderate
Hard
Legendary
Heroic

Let's focus on the Heroic Dungeons because another cool deflationary mechanism is in place:⬇️

To enter, the player might be required to make some Neftie sacrifice. 

If the brave player will not complete the heroic dungeon, then he must choose which of their Neftie will be lost forever.

For those who make it out alive instead, a magnificent reward will be awarded.

9. Game economics and engagement

It is known for most of you now, we do believe that before the "#playtoearn", the game must have the "keep me attached" mechanism, how?

The key point is to make the game something that players want to keep playing repeatedly.

To add to the above arguments, In 2021, a survey among global gaming audiences found that the social aspect was a driving factor in the growing popularity of online gaming.

Source: @Accenture

Assuming the #gameplay will be top-notch, the other key aspect that will need accurate balance for the #playandearn is the economics of the game, an aspect I was mostly curious about.

There are some additional details and great infographics provided by the Aurory team on the whole inflow and outflow of the $AURY token.

This determine even more the quality of the general economics being built in the game.

10. Conclusions

We never had any doubt about the quality of the project, and this massive update proved to us that we were right about the team and their way of delivering quality details.

If you think we are missing info about the gameplay it was intentional ⬇️

As we strictly focus on those aspects that might interest someone that is looking at Aurory from an investor perspective.

For the sake of transparency, we are also invested in $AURY, our analysis is not aimed at shilling the project, but instead avoiding the noise out there.

11. Disclaimer

This is not, in any case, financial advice, the goal of my research will always be to dive deep into projects and study them from different angles.

I do include personal opinions based on my experience with similar projects that I have recently studied.

You can read the unrolled version of this thread here: https://typefully.com/daolectic/dULwryv

Aurory DD

1/Monday 🧵 -  @Aleph__Zero 

#AlephZero is a Layer 1 #blockchain that is built on an innovative peer-reviewed consensus mechanism and a substrate stack. 

$AZERO is a fast, scalable, and developer-friendly proof-of-stake public blockchain with private smart contracts and a #DAG.

2/#Substrate is a framework for building #blockchains, designed to be agnostic over consensus mechanism and other components.

e.g. With it, it is possible to write a free-standing chain , that runs #PoW or many different kinds of #PoS.

3/#Substrate was chosen as smart contract layer as the codebase given its versatility and open source status with development backed by the #Web3 Foundation. 

Leveraging on it, the team decided to invest time and resources in other areas where they can truly innovate.

4/@Aleph__Zero is an #layer1 protocol aimed at addressing the famous #blockchain trillemma and the difficulties faced by organizations in the areas of security, #scalability, cost, speed, & privacy

Enterprises may use $AZERO to integrate the mainnet.🏭

5/@Aleph__Zero #protocol is unique in that it focuses on creating privacy-preserving #DLT using ZK-SNARKs encryption and Secure Multi-Party Computation (sMPC)

The initiative intends to give solutions to current infrastructure constraints in automotive, IoT, and healthcare..

6/Are you wondering about ZK-SNARKS? 

Have a look on our latest thread! 
https://twitter.com/daolectic/status/1495391976291586049

#sMPC requires off-chain storage of sensitive data on several nodes that may be accessed only when they have established a secure connection. 

Without universal agreement, no-one may access the encrypted information.

The link between sMPC within DAGs? 🤔
urly.it/3hz60

7/The #AlephZero ecosystem is composed of 3 components: ⬇️

    1) Infrastructure layer

Innovative asynchronous and Byzantine fault-tolerant DAG-based consensus system powers A0 (#AlephBFT) with #PoS consensus

The #Substrate stack now includes AlephBFT to encourage  adoption.

8/ 

   2) #Liminal, the privacy layer

This framework emphasizes the benefits of ZK-SNARKs and Secure Multi-Party Computation. 

Limina's hybrid solution is unique in today's market. 

A standalone multi-chain privacy #layer for other #blockchains connected to @Aleph__Zero ..⬇️

..These two tools complement one other by addressing their respective difficulties. 

#ZK-SNARKs are quick for basic transfers but not for multi-user interactions or global private states. 

#sMPC may create a global private state without disclosing each #transaction's value.

9/

    3)Common wallet

#Common is a #decentralized exchange (#dex) and dark pool whose goal is to eliminate front-running. 

Front-running happens when a transaction is queued with knowledge of an upcoming tx, and the former transaction profits at the expense of the latter.

10/Traditional #blockchain systems need expensive #mining gear; Aleph Zero does not. 

Being a #DAG, $AZERO provides more scalability and volume compared to #blockchains. 

Talking about speed, it tested an outstanding 90,000 TX/s with 0.5s confirmation time.

#A0 uses a PoS consensus where a rotating panel of validators chooses the #blockchain's state.

The DAG is employed as an intermediate data structure, resulting in subsecond finality. 

#DAGs provides quicker transaction speeds, increased throughput & cheaper transaction fees

11/#DeFi application cases and enterprise pilot initiatives in the healthcare and automotive industries are presently being developed by the @Aleph__Zero team

Due to performance concerns, there is no #EVM support by design but a #rollup might be EVM compatible in the future.

12/The team and foundation are based in Zug 🇨🇭

The CEO @matthewniemerg has extensive DLT expertise and is a Simons-Berkeley Fellow!

Other co-founder members with academic achievement include: 
@AntoniZolciak -  COO, CMO

@gagoladam - CTO

Michał Świętek - Head of Development

13/ Other DAG-based solutions compete with #AlephZero

Today's most popular are @FantomFDN and @Hedera Hashgraph. 

However, it should be emphasized that competitors includes also most of the existing smart contract platforms, along with permission blockchain for enterprises.

14/ #AlephZero has developed collaborations and investment agreements with several parties and they have joined with @chain_security to offer value to #blockchain initiatives. 

The comprehensive list of partnership include @thecryptovalley @BlackDragon_io @DiamondAtlasC

15/ The project has a positive valuation in terms of its objectives, which may attract highly motivated consumers, #developers, partners, & businesses with a sizable potential market.

The experienced leadership team & strong alliances can make the difference in the #crypto space

16/ @Aleph__Zero team announced a collaboration with @trailofbits that conducted a positive thorough security analysis of the #AlephBFT protocol and its integration with the #Substrate platform.

It provide an additional #layer of trust in the platoform's adoption and development

17/Don't miss out more insights in our latest Medium story! 

Check the link in Bio! 📚

@CryptoGodJohn @dallocrypto @DiamondAtlasC @0xMarcuss 

@Aleph__Zero #alephzero #blockchain #crypto $AZERO