Composability of NFT and Virtual Time-Space Set

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Composability of NFT and Virtual Time Space Set

This article is the annual summary of the author of NFTY (NFT Weekly), although his weekly report has not been updated for a while. This post sums up his favorite things to do this year in the crypto world.
Open questions about composability (enhancement of applications interacting with each other) in 2020:
– Will application-specific blockchains make composability irrelevant?
– Does the lack of creating a proper standard for IBC (eg ERC721 standard for all application-specific blockchains) make it pointless?

– What is the business model for composability? Why build a product on top of an existing product when you can create your own and potentially get more value?
How the potential MetaVerse in the next decade (Metaverse is a collection of virtual time and space, composed of a series of Augmented Reality (AR), Virtual Reality (VR) and Internet (Internet).) will be realized. It is more likely that the first iteration of the MetaVerse will not include a blockchain. Facebook, SnapChat, and Epic Games are three leading candidates for this.
– Horizon is Oculus' MetaVerse attempt at Facebook.
– Snapchat quickly built this through their offerings by releasing Snap Maps, Bitmoji Games, and the Bitmoji SDK.

– Epic Games has created the ultimate distribution platform with a target audience, but what's next? How did Fortnite evolve into the MetaVerse?
My open question on MetaVerse:
– Similar to the real world, does the MetaVerse suffer from abundance and hyperinflation? Will it happen at an unprecedented, accelerated pace?
– Does the MetaVerse need composability?

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The author's subtitle highlights some of the best tokenomics and tokenomics practices of 2019. One of the more interesting parts is the "Most Powerful Token Models of 2019". The author lists some of his favorite token economy performances in 2019, and also mentions "growth first, token second".

Binance Coin (BNB)
Binance Coin (BNB)

Synthetix（SNX）
The best part is that BNB has an ever-expanding list of use cases as it is given a central role in every new space the company enters. At the heart of the BNB case is the team's quarterly burn, increasing scarcity over time as the exchange continues to operate.

Nexus Mutual（NXM）
One thing we like about the Synthetix token is the ability to earn exchange transaction fees in sUSD, creating a clear valuation model for the token. This, combined with the potential for DeFi and derivatives markets, gives the protocol a clear value proposition. In addition, the team did not choose to write the token economy in the white paper like other teams, and then never mention it again, and adopted strict and continuous iterations on token economics to find the correct formula for success.

MakerDAO（MKR）
If you're a DeFi bull, the value proposition of Nexus Mutual is pretty clear: as the value locked in DeFi grows, the value of the insured capital grows in parallel. As far as the NXM token is concerned, the most interesting aspect is the use of the Bonding Curve to establish a transparent token valuation. Similar to Synthetix, Nexus Mutual has been looking to iterate on the token model and the entire mutual insurance model.

The surge in Dai drives cash flow into the MakerDAO system to consume MKR, creating demand for MKR and increasing the scarcity of MKR as Dai grows.
Growth First, Tokens Second

Once you have a group of users actively using a product without purely monetary incentives, it becomes much easier to consider which actions can be optimized to its advantage. As we head into 2020, we encourage you to keep an eye out for teams that are making serious efforts to re-examine their token economics. More importantly, keep an eye on the teams that are delivering the product without worrying about accumulating native token value.

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7 Big Ideas That Will Change Crypto in 2020

Here’s what some of Decrypt’s panel of experts think are the 7 ideas that will hit the headlines in the cryptocurrency space in 2020.
1) Some countries will announce their own digital currency.

Things look set to accelerate this year. Countries such as the United Arab Emirates, Japan, Sweden, Russia, Estonia and France have all announced plans for their own nationally regulated digital currencies. Taking France as an example, they hope to start laying the groundwork by the end of the first quarter of 2020. However, it looks like China may be faster.
2) Companies will also adopt blockchain initiatives

Big players like JP Morgan Chase, Walmart, AirAsia, Mitsubishi, and Tencent are all exploring digital assets. Some are ahead. French financial giant Société Générale has been busy building security tokens for its bond business. "As blockchain technology moves to enterprise production, we are likely to see a huge commercial expansion.
3) Bitcoin halving

Mining rewards will be reduced from 12.5BTC (~$90,000) to 6.25BTC (~$45,000). During the last two Bitcoin mining reward halvings (in 2012 and 2016), the price increased (though not necessarily anytime soon). But Bitcoin had a bad 2019, and many believe 2020 will be different.
4) Ethereum 2.0

The next iteration of Ethereum has two broad goals: introduce a PoS consensus mechanism, end the network's use of energy-intensive proof-of-work, and introduce the long-awaited sharding technology to help the network's speed and throughput.
5) DeFi comes of age

Decentralized finance, or DeFi, has had a great 2019. One of the major growth areas expected for DeFi in 2020 is the variety and complexity of financial instruments.
6) Blockchain will be showcased more at the Olympics

Mitsubishi Estate, which manages nearly a third of all buildings in Tokyo's business district, has teamed up with electronics giant Fujitsu to provide blockchain between restaurants, hotels and other companies during the month-long sports event. Secure data sharing. Future host Paris has also been discussing its blockchain implementation ahead of the 2024 Olympic Games.
As countries like France and China race to produce their own digital currencies, the legal industry will not be left behind.

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Money On Chain- Defi ambition based on RSK

Max Carjuzaa, co-founder of Money On Chain, shared the story of using RSK to build a stable asset platform. The introduction of Bitcoin into the Defi ecosystem this year is a relatively hot trend, and this article is also related to it.

Money On Chain is a stable asset platform that can issue stable currencies based on cryptocurrencies. We know Bitcoin is great, but for many purposes it has a volatility problem. We solve this problem by implementing smart contracts using RSK technology.

In the second phase, the project plans to implement a stablecoin collateralized by bitcoin in products on the retail market and launch the euro chain, the real chain, the peso MXN chain, etc., which will be pegged to different fiat currencies, and Use Bitcoin as collateral.

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Binance's 2020 New Year Message: Building the Foundation

This is a letter issued by CZ on behalf of Binance. On the same day, Coinbase also issued a similar letter. Personally, I think the Binance version is better. It talks about the business direction of Binance and the development direction of blockchain in more detail. An article with too many polite words and great principles. I don’t have too many words to summarize the past year, but I like their vision for the future:

One of our main goals for 2020 is to bring crypto to the masses. We aim to enable fiat on-ramp to cryptocurrency trading for more than 180 fiat currencies. We further decentralize ourselves from every aspect of team structure, work locations, operations, products and services. We are even drafting a new incentive mechanism to replace the traditional ESOP. We hope to fully open source Binance Chain and Binance DEX in 2020.

We firmly believe that 2020 will be the year of adoption. Governments around the world will adopt cryptocurrencies. Some are looking for ways to adopt existing cryptocurrencies, some plan to issue their own central bank digital currency (CBDC) with different degrees of freedom, and we also see many traditional financial institutions enter this space. Many payment service providers who were reluctant to offer their services to cryptocurrency companies are now rushing to do so. What we're seeing now is a race, not resistance.