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Old leeks should all know~
In fact, FTX Ventures’ investment capabilities are amazing
Among the projects that made it into the top 100 tokens are:
❶ Apartments -- APT
❷ On Networks -- ON
❸ Near Protocol -- NEAR
❹ Celestia -- TIA

The largest proportion of the top 100 projects is Layer 1. As a Layer 1 project that has not yet issued a coin, the only one left is N1Chain, which we will talk about today.

(Not in the top 100, another Layer 1 project is MinaProtocol
Even so, he still launched projects on binance, Upbit and other exchanges)

📌 What is N1?

"Layer N" is probably a name that more people know.
That’s right, they changed their name and direction. In the early days, they were working on Layer 2 on Ethereum, but now they are pulling it out to work on the first layer. I think this is a good thing. Those who understand will understand.

❶ Official claim
"Sub-millisecond latency" + "100,000 TPS ultra-high throughput"

If you have heard of these slogans, please tag other project parties below 😂

❷ Development
The main feature is VM-independent. N1 has no restrictions on the execution environment. It can run anything that can define a verification program.
https://docs.n1.xyz/learn/intro

❸ Loan amount
Currently there are more than 7 million, and some rounds have undisclosed amounts.

📌 Why no one mentioned N1?

N1 has actually been around for a while, and maybe many people have forgotten about it.
But is this really the case? The fundraising platform will tell you that it may not be the case.

Two million dollars = one minute sold out

About a month ago, we launched a fundraising round. Actually, we launched two fundraising rounds in one day.
I waited for a while in advance, but still failed to grab it in the last two openings
The total amount is 2 million US dollars, which is a minute-level sell-out, which shows that there are still people paying attention and the popularity is still at a certain level.

If it doesn’t appear in @KaitoAI, no one will mention it, right?

📌 N1 testnet?

To be honest, my ambush also failed because I was one of the ones who forgot about him.

The testnet was launched last year, totally missed...
I found a hub interface with badges on it. There are currently no badges available, but you can still register and link it to discord. Maybe new ones will be released later.


https://hub.n1.xyz

📌So what should we do now?

❶ Mouth?
Even though he doesn’t appear in kaito, and the team also said there is no kaito ranking, but maybe it’s something else, who knows?
Anyway, I will keep this view for now and reserve a seat first.

❷ Two-way test network interaction
N1 previously acquired the derivatives trading protocol @01_exchange, which is currently operating on Solana

Are you familiar with it after reading this?
It is both Layer 1 and derivative trading, who do you think of?
(Since the emergence of Hyperliquid, the topic of this type of platform has never stopped)

01 The public test network was just launched this month. I will write a tutorial later.

❷ Community-initiated NFT thumbnails
This is dror. In the current small map environment, even if I get a white order, I may not go to mint.
If it is free mint or below 50u, I might consider it

Here are some options
@N1Verse_
@nomN1NFT
@BeSquadNFT

I like the picture very much. I may study it. Welcome to discuss it below.

#N1 #layerN #Solana