#SEPA deposits and withdrawals are available for #Telcoin Wallet users in the European Union! 🇪🇺
EU residents can now deposit into the app with a connected bank account, access more than 100 digital assets, and withdraw back to their bank.
https://t.co/n14i2ko8ej
We're heating up! 🔥⚡🔥⚡
Exciting news for developers and the Gala Community!
We're thrilled to announce the launch of our #GalaChainSDK! This comprehensive toolkit empowers you to develop seamlessly on GalaChain!
Start building now: https://t.co/jUHRbLbhvI
Embrace the power of GalaChain in your projects. Start building the foundation of Web3 Gaming and Entertainment and more!
#GalaChain #dev #crypto #L1 #blockchain
ALPHA THREAD - READ!
Bottom Line Up Front: The GalaChain Ecosystem enables a novel funding approach that can make businesses faster, more efficient, and more legally compliant.
Now, explaining how this works!
I had a great call with a developer on GalaChain this morning, and it helped me realize that one of the greatest features of the $GALA #GalaChain Ecosystem is not well understood.
So, I am going to break it down for you, barbarian style.
I am often asked what kind of grants, etc, are available to build on GalaChain.
There are a few fundamental problems with grant programs. The first problem is that when you are given a grant of $TOKEN by someone, it is usually locked...so you can't use it to fund development. If you could, that would be bad, because it would put pressure on the market and piss off everyone involved in that ecosystem.
What most projects end up doing is taking a grant and THEN doing an ICO/raise of some sort. Whether it is the ICO route or the a16z route, they end up either creating a security or giving everything over to VCs.
This, I think everyone can agree, is absolute bullshit.
What we would rather do is enable you to make your own money.
General Note: Things that are just poofed into existence out of thin air or are “premined” and then sold to “investors” are viewed in a distinctly unfavorable light -- this should not be a surprise. However, tokens which are created via active work and involvement in the ecosystem are generally considered to be a less shitty idea (nothing can ever be considered . (I am not a lawyer, please hire your own lawyer and don’t just say “BitBender said…”)
The way forward, in my personal opinion, is a fair launch model where tokens are created based on the work performed by users in support of the decentralized ecosystem. This is the way $GALA was launched, with all $GALA being created based on work performed by the nodes. The same is true with $MUSIC, $SILK, $ETIME, and other tokens in the Gala Ecosystem.
What this means is that a project can come to GalaChain, sell node licenses that support central work functions for that project, and allow the protocol to issue tokens in support of this work. Nodes can do pretty much anything that can be dockerized…whether it is image processing, storage, logistics data handling, AI iteration, running game servers, or any number of other things…the above cases are all things that have already been done on the Gala Node framework, even though most of them are not publicly released use cases.
These node workloads, supporting central business functions, can reduce the costs associated with a startup.
- Replace S3 buckets for some stuff? Sure, why not?
- Run an LLM across your nodes for private business use? Absolutely.
- Store massive amounts of data? Say no more!
So, a quick recap:
Get Grant + ICO/Premine + Sell Tokens = BAD
Node Licenses + Fair Launch + Reduce Expenses = GOOD!
Lots more to come, but I wanted to help people understand what is coming!
4T at @Not_OkayBears is going to not only a vibe, but will have special perks announced as early as Dec/Early 2023. These are the last 4 I’m seeing at a price point like this. They’re probably going to be locked up by 💎 hands 🔐 4T is going to be a wave. #NOKB til we die, fam 🐻
It's official, the Teenage Mutant Ninja Turtles are coming to @RecurForever!🐢
Holders of #NickelodeonNFT Season 1️⃣or 2️⃣ Mashups get a 𝗙𝗥𝗘𝗘 pack for the 1st #TMNTOrigins drop, terms and conditions apply🍕
Want to get your 🙌 on a Mashup? Season 2 TV Packs are still on sale!
Someone or something broke into this place 😳
The Splat Factory is a mess, who’s gonna clean this up⁉️
We’ll get to the bottom of this, mark our words❗️
Not the first time I’ve heard of @Not_OkayBears but the first time I’ve actually took the time to look through what’s it all about… kinda a no brainer to pick up at least one at this point
🤝 @0xHustler