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In 2000, I invested $20 in a holographic Pokémon card featuring Kabutops. Fast forward over two decades, and I found myself acquiring an even earlier gem, the elusive Shining Kabutops. This passion for collecting echoes in various forms, much like obtaining a tiny piece of fabric from Sean Astin's travel waistcoat during the production of "The Two Towers."Collectors often find joy in unconventional items. Some pay significant sums for unique artifacts, like a handwritten note from their favorite author or a piece of vintage film reel from a classic movie set. The tangible connection to a cherished person, team, or event becomes the essence of the collector's pursuit.How does this connect to #NewBitcoinCity - the emergin #SoFi app with Discord-like games for circles.NBC's innovative "placeholder" feature seized my attention. It not only allows the acquisition of keys from off-platform individuals but also introduces the concept of 1/1 keys, adding a new dimension to collecting.This feature could revolutionize collecting for several reasons:Authentication: Ensuring the validity of profiles is vital for collectors. With NBC, users input the "@" username into the placeholder search tab, minimizing the risk of fraud.Potential Engagement: While not every celebrity may join NBC, those who do can engage with their fan base in a new, lucrative way. By converting placeholder keys into authentic collectibles, they stand to benefit.Liquidity: NBC keys offer instant liquidity, enabling easy buying and selling, even in fractional increments.Acceptance of Authority: As more people join NBC and trade keys, the market for collectibles becomes more defined and rooted. It's akin to how baseball cards gained value over time.In essence, #NBC has the potential to birth a new form of collectible rapidly, especially if celebrities start claiming their keys. I've purchased various keys, not with the expectation of celebrities joining, but from a collector's standpoint.With #NBC, we benefit from the trustless blockchain to log our acquisitions, making it easier to authenticate the origins of these collectibles. While this is speculative, it resonates strongly with collectors like me.Cheers, see you in the circle!

Whilst the trend of the decentralized ecosystems and NFT-collections is usually analyzed in terms of projected monetary value, "speculators," "get-rich-quick seekers," or "short-sighted investors." Meanwhile the decentralized ethos aligns with fostering a community-driven utilities and sustainable ecosystem-creation. For an example, here are some familiar points that may belong to the ethos of The Collective of Collections:

Transparent Governance: The decision-making process and governance structure are transparent and accessible to all community members. Decisions are made collectively, and input from every member is valued.

Inclusivity and Accessibility: The platform is open to all, ensuring inclusivity and accessibility. Efforts are made to minimize barriers to entry and make participation easy for everyone.

Community Engagement: The community actively participates in shaping the direction of the collective. Feedback is encouraged, and members have a voice in suggesting and shaping new initiatives.

Anti-Whale Measures: To prevent disproportionate influence, measures are put in place to limit the concentration of power and ownership within the collective. This prevents whales from dominating decisions.

Long-Term Focus: Emphasis is placed on the long-term vision and sustainability of the collective. Short-term gains are not prioritized over the well-being and growth of the community.

Fair Distribution: NFTs, rewards, and benefits are distributed in a fair and equitable manner, avoiding excessive advantages for early adopters or specific individuals.

Decentralized Storage: Whenever possible, NFTs and data are stored on decentralized networks to ensure security and resilience.

Community-Driven Initiatives: Projects and initiatives within the collective are driven by the interests and needs of the community. Members are encouraged to propose and work on projects they are passionate about.

Open-Source Development: When applicable, projects are developed and shared as open-source to promote collaboration and innovation.

Interoperability: The Collective of Collections may seek interoperability with other decentralized platforms to foster cross-platform interactions and expand opportunities for the community.

Focus on Education: Education about blockchain, NFTs, and decentralized technologies is promoted to empower community members with knowledge and understanding.

Eco-Friendly Practices: Efforts are made to consider and adopt eco-friendly practices, such as utilizing energy-efficient blockchain technologies.

Bring these in mind, that eventually the lasting collections are going to do that what they do best; bring long-lasting value to the holders. Meanwhile the market always has transactional liquidity brought by them, who are more interested in making quick profits and taking advantage of price fluctuations rather than investing for the long term based on the underlying value or potential of an asset or project. It's essential to distinguish between short-term speculators and investors with a long-term vision, as their strategies and motivations can significantly impact the dynamics of various markets, including cryptocurrency and NFTs.

GasHero will be a new kind of PvP-social #Web3Gaming experience. Yet most of its details and gameplay is yet to be released. However, there is an on-going contest for the characters of the game, that will be designed NFTs by the community. Anyone can participate by following these guidelines and rules, which were recently clarified in a Q&A-style by GasHeroOfficial:

Q: Are there any restrictions on the tools I can use to create my design?

A: No, you can use any tools you prefer, including AI tools, as long as the final design meets the file requirements.

Q: What style of drawing should I use for my design?

A: There's no style restriction for the contest. We welcome all types of art forms such as Realism, Semi-realise, Cartoon, Manga, Abstract, Pixel Art, Minimalist, and so on. Feel free to use the style you're most comfortable with.

Q: Is there a limit to how many entries I can submit?

A: No, there is no submission quantity limit. We welcome multiple entries.

2. Design Questions:

Q: Does my design need to include the full body of the hero? 

A: Yes, a full-body design is required for the contest. Half-body or NFT-like designs will not be accepted. It would be better if creators can provide the side view and back view.

Q: Should my design include the hero's equipment and weapons?

A: Yes, we encourage you to design full gear and weapons for your hero as they can better showcase the hero's characteristics and backstory.

Q: Can I use any colour scheme for my design? 

A: Yes, there are no specific colour scheme requirements. Use whatever colour you think best represents your hero.

Q: Are a hero's name and backstory required? 

A: Yes, a unique hero name and compelling backstory, written in English, are crucial elements of your submission. The backstory should be original and align with the character's design. The story should be within 500 words.

3. Submission Questions:

Q: What file formats do you accept? 

A: We accept PSD, AI, EPS, and TIFF file formats, but the final uploaded file should be a transparent PNG. Please keep the original design file on standby for any future requirements.

Q: What resolution should my design be? 

A: The image's resolution must be set to 2048 x 2048 pixels with a transparent background.

Q: Is there a size limit for the design file? 

A: Yes, please ensure the file size does not exceed 7 MB for the uploaded PNG.

4. Post-Submission Questions:

Q: What happens if my design is selected? 

A: For each codename released, 20 artworks will be selected to become the game's Genesis Heroes. After the selected artworks are minted as Genesis Heroes NFTs, the 2% ongoing creator royalties from those NFTs will belong to the creators.

Q: If my design isn't selected, can I still participate in future contests? 

A: Absolutely! The Genesis Design Competition has three phases; we always encourage all creators to continue participating, regardless of whether their previous design is selected for that phase.

Q: If I see this contest after the submission deadline, can I still submit my work?

A: Unfortunately, we cannot accept any artwork submitted after the deadline. However, you can still attend our Phase II and Phase III competitions.

Q: If I win, how do I claim my prize?

A: If your work is selected, our team will contact you through the contact information you provided when you participated and tell you the steps to claim your prize.

5. Other Queries:

Q: Can I submit a character I designed in the past as my competition entry? 

A: As long as your work meets all the competition requirements, including originality and file format, you can submit it. However, we encourage you to create new designs for this competition.

Q: Can my artwork contain adult content, violence, or disturbing elements? 

A: No. All submitted works must comply with general community guidelines and standards, and cannot contain adult, disturbing, or excessively violent content.

Q: Can I use characters from other games or movies as design inspiration? 

A: You can draw inspiration from other sources, but be careful to avoid copyright infringement. Your design must be original and should not directly copy or modify others' works.

Q: Can I collaborate with my friends to submit a work? 

A: Absolutely, but if your work wins, the prize will be sent to the account that submitted the work. You'll need to decide among yourselves how to share the prize.

The distribution method of the prizes is yet to be announced, but the total pool is known: UGC Genesis #NFTs -Contest with a total prize pool of over 2,000,000 $GMT – #GOATMoments

Follow and like for more utility-showcases in the #crypto space.

A Featured mint is an NFT-collection made by a creator and launched on #Mooar within 12h minting window. Now a #creator is able to inform their community and holders via direct posts in "Creator's Space", making a platform for community-building within the launchpad itself.

Amongst is one of the fully minted out scarce collections that include a hundred 1/1 unique #NFTs , that launched on Midsummer Eve, 23rd June, #GOATMoments . It includes five different categories of traits, and a total of 113 different traits.

At midnight, on 12 July, the creator hinted about a vision of the collective via its Creator's Space-post:

We are thrilled to unveil a vision-map for the Amongst NFT-collection, outlining our draft for the future and the exciting opportunities it holds for our endeavor and its makers, you. As any creator of Amongst, we are committed to transparency, utility, and sustainability.

🌟 Highlights:

1️⃣ GST/GMT Integration: Any volume generated in royalties from Amongst NFTs will be utilized to burn GST or GMT within the app. This innovative approach ensures a direct positive impact on the environment and the ecosystem.

2️⃣ Environmental Sustainability: Our team recognizes the importance of mitigating the ecological footprint of NFTs. We are open to explore even far ventures if they are fairly approachable by anyone. This commitment aligns with our dedication to creating a larger and more sustainable future for the digital-to-local community.

3️⃣ Expanding Utility: We are continuously working to enhance the utility of Amongst NFTs within our app ecosystem, that as the whole will become a collective family. The vision will include exciting participation opportunities, and their features and functionalities, including interactive experiences, limited edition drops, and possible collaborations. Stay tuned for updates as we unveil the full potential of Amongst upwards!

4️⃣ Community Engagement: We value the feedback and ideas of our vibrant community. To foster collaboration and inclusivity, we will be hosting regular presence, open for events, AMAs (Ask Me Anything), and opportunities for holders and collectors to showcase and develop their Amongst NFTs. Join us on our official channel and follow our social media for the latest news and community-driven initiatives.

🕊️ Looking Ahead:

The vision we present today represents the initial phase of our journey. We are committed to long-term development and will regularly evaluate our progress to ensure that Amongst continues to evolve. We aim to establish Amongst as a leading incubator in the NFT space, both in terms of innovation and positive impact, and eventually a trailblazer DAO-collective, that’s true to fairness.

We are incredibly grateful for the beginning and support shown by people thus far. Together, we will shape and unleash new ways how digital utility is perceived and experienced. Join us on this thrilling adventure as we unlock the potential Amongst!

Stay connected, and be prepared for exciting updates coming your way.

Thank you for being part of Amongst!

Follow for more utility-driven nit-picks of the niches! Feel free to leave a thumb up or feedback or suggestion, till the next time.

🤝 DAOs are reshaping governance, but they face challenges. Concentration of tokens in the hands of a few entities can lead to power imbalances and gatekeeping. It is crucial to address these issues for truly decentralized decision-making. Explore the challenges and potential solutions to promote inclusivity in DAOs.

Decentralized Autonomous Organizations (#DAOs ) have brought about a new era of governance, enabling community-driven decision-making and eliminating centralized control. However, like any emerging concept, DAOs face their own set of challenges. One significant concern is the concentration of tokens in the hands of a few entities, which can lead to power imbalances and create gatekeeping mechanisms within the DAO.

Token Concentration: In some DAOs, a small number of entities or early adopters hold a significant majority of the governance tokens. This concentration of tokens can give disproportionate power to these entities, potentially leading to decisions that do not reflect the broader interests of the community. Token concentration poses a threat to the democratic ideals that DAOs strive to uphold.

Power Imbalances and Influence: When token ownership is heavily skewed, a select few entities can exert substantial influence over the decision-making processes within the DAO. This concentration of power can stifle inclusivity, limit diverse perspectives, and impede the collective decision-making process. It may discourage active participation from community members who feel their voices are overshadowed by those with significant token holdings.

Gatekeeping: The concentration of tokens can create gatekeeping mechanisms within DAOs, where a select few control access to decision-making processes and governance rights. This undermines the democratic principles of DAOs, as decision-making power becomes centralized in the hands of a privileged few. Gatekeepers can potentially manipulate proposals, limit competition, and obstruct the growth and inclusivity of the DAO.

Addressing the Challenges: To promote inclusivity and tackle the challenges associated with token concentration and gatekeeping, several potential solutions can be explored:

Token Distribution: Implement mechanisms to ensure a fair and broad distribution of tokens during the initial distribution phase of a DAO. This could include strategies like a fair launch, airdrops, or vesting schedules to discourage hoarding and promote wider ownership.

Sybil Resistance: Employ sybil-resistant mechanisms to prevent individuals or entities from acquiring excessive voting power. Implementing reputation-based systems or proof-of-individuality protocols can help prevent token accumulation solely for the purpose of gaining influence.

Liquid #Democracy: Explore liquid democracy mechanisms where token holders can delegate their voting power to trusted individuals or subject matter experts. This approach allows for more nuanced decision-making and distributes influence beyond token ownership.

Progressive Governance Models: Experiment with progressive governance models that incentivize active participation and contribution to the DAO. This could involve rewarding engagement, expertise, or long-term commitment, rather than solely basing influence on token ownership.

Education and Awareness: Foster education and awareness within the DAO community to encourage active participation and highlight the importance of a diverse and inclusive decision-making process. Empower community members to challenge power imbalances and advocate for fair and transparent governance.

Conclusion: While DAOs have the potential to revolutionize governance, challenges related to token concentration and gatekeeping must be addressed for true decentralization and inclusivity. By implementing fair token distribution, exploring sybil-resistant mechanisms, and embracing progressive governance models, DAOs can create a more democratic and inclusive ecosystem. Together, we can ensure that DAOs fulfill their promise of reshaping governance for the better. #DAOs

As long as I have known blockchain, I’ve known I will create an #NFT-collection . Since I got all the assets for an exciting journey to expand my initiatives but also explore all the yet-indescribable-utility possibilities, which will happen in between relations when people come together. The former in principle, according to my ethos, includes participation of people within the collection since also they have a major pilot-role to push the envelope. I couldn’t wait to begin, while I patiently sought for a time. Along the years, there were many possible points to do a launch; trends and people come and go. During the years, I witnessed many communities surge and wither away, and I observed their mistakes. Yet for my inception, the timing has to be perfect and casual, yet the launch must be fair via organic reach only. The collection itself must portray — even without words — what I am for and what I like to remind us. Health is wealth, and all that; tangible immersion of our body and connections of our mind. This humble beginning of a scarce collection was only for the few, who felt I was about to launch a collection. Without a promise, I probably hinted about something like that via tens of vlogs and if not hundreds of exemplifying conversations about ownership of perks, utility, ticket’ing, and all that’s possible via an #NFT-collection. Finally the pieces of the puzzle fell into the place, and Amongst-collection was created and its launch was set on the eve of Midsummer 2023. I did not choose the date by myself, but by the queue of the launchpad. Meanwhile ETH gas-fees were high, and a launch date was set on Mooar-launchpad, network as #Solana. During the month prior to the launch, I tweeted the beginning of the story for Amongst, and further from there. In fact, I have a yet-unshared vision and roadmap for what’s more to come. An initial idea of mine was not a huge collection, but a family of many small circles. That I have not yet seen anyone else to actualize. A few days to the Midsummer Eve were the hottest days of the summer so far, as much summer season is highly valued. Actual records of temperature were broken, and I was busy with family-related program and the celebrations of the most previous time of the year. We were at family meetings, cooking, swimming, having the good time. Yet after the midnight and during the last couple hours before the launch, that’d be a time window of only 12 hours, I was creating the last reminding tweets for people, who could have a chance to own a piece of the beginning, Amongst. Then I felt to sleep flat tired for all the events. The next day, only after eating breakfast together with the family, I recalled to check out. It turned out that #Amongst was fully minted out in the flash. I celebrated that moment with a love of my life, who has been supportive and having fun with my daily creations. Those were the hottest day of the summer, a chapter to continue. So from the successful launch upwards, I gathered up my composure to make a draft for the vision upwards, that's now in construction. Goes without saying, this was the memorable seize amongst #GOATMoments I will always gladly recall in mind within the endeavor to pave way for the future of the blockchain.

In the ever-evolving realms of StepN, several significant developments have been shaking up the landscape. From the #eGST increase to the #GasHero badge and the intriguing supply shock, it's crucial to analyze the macroeconomic status of the realm and its potential implications for platforms like Binance Smart Chain (#BSC) and Solana (#SOL). In this article, we will delve into these developments and discuss their possible effects over the next few months.

Setting the Stage:

After a period of volatility, all three realms—#ETH, #FSL, and #GMT—have found a balance in key metrics like GMT and GST, minting and burning rates, and more. Notably, the price of GST appears to have bottomed out and stabilized, suggesting a favorable starting point for future growth.

Phase 2: Drawing Users to the ETH Realm:

Following the recent climb in eGST price, which lasted approximately two months from April to May, attention has turned to the Ethereum (#ETH) realm. The steady growth in price and the realization that the supply could be easily shocked have garnered interest from various individuals, including the author. This, coupled with the ease of manipulation and potential for a successful run, has prompted investments in ETH.

Building Confidence in the ETH Realm:

To instill confidence in the ETH realm, a sustained period of rising or steady prices is essential. The #GasHero badge plays a role here, as it has the potential to further increase the price of eGST, subsequently impacting the price of GMT. Speculative purchases of eGST, combined with its convergence towards GMT price, have attracted attention and speculation buys, indicating growing confidence.

Introducing Phase 3: Dynamic Minting:

To maintain equilibrium, the #STEPN team has introduced Dynamic Minting. When eGST surpasses GMT, minting becomes prohibitively expensive, discouraging users from creating new tokens. Instead, users cash out eGST, primarily converting it into USDC or GMT. As a result, GMT prices rise, eGST falls, and the two assets gradually converge in value.

Benefits for BSC and SOL:

This equilibrium between eGST and GMT in the ETH realm offers significant benefits for platforms like BSC and SOL. Users in these realms contribute to boosting the price of GMT, which subsequently alleviates pressure on bGST and sGST, leading to equilibrium in each realm. The steady price of eGST builds user confidence and drives growth in the ETH realm, creating a ripple effect that eventually benefits all three realms.

GasHero's Role and the Rising Price of eGST:

While the utility of the #GasHero badge is debated, its main purpose is to drive up the price of eGST. The higher the eGST price, the more substantial impact it has on raising the overall GMT price. Notably, the rate of badge claims has slowed down, with users focusing on in-game earnings rather than additional investments, resulting in a rise in eGST price.

Future Predictions:

Speculatively, it is projected that the eGST price could reach $0.75 when all #GasHero badges are claimed. As badges are claimed and users start to cash out, eGST will gradually converge towards GMT price, while GMT itself experiences a slight increase due to burning. This equilibrium will present an opportune moment for minting.

Conclusion:

The ongoing developments in the ETH realm hold tremendous potential for the entire Stepn ecosystem. As the ETH realm overflows, the benefits will extend to platforms like BSC and SOL, albeit to a lesser extent. Equilibrium across realms is a promising prospect, signifying growth, stability, and interconnectivity. However, it is essential to note that these observations are speculative and should not be considered financial advice. Regardless of the realm you choose to participate in, the positive macroeconomic trends witnessed in the ETH realm are highly advantageous for the Web3 ecosystem as a whole.