Benk Board Bozo 🏦

#Bitcoin
@BozoBenk 🏦 @MalleableGold 🪙💰
Opinions my own
not financial advice

[Benk Board Bozo 🏦 @tryged]

History and Evolution of NFT

The history of NFTs, or Non-Fungible Tokens, is a fascinating tale, but where it is heading moving forward ?
Let's have a look how did it started:
The first NFT in history is shrouded in a bit of mystery and debate. However, the consensus points to "Quantum," created in 2014 by Kevin McCoy and Anil Dash, as the pioneer. "Quantum" was a groundbreaking piece, far ahead of its time.

The term "NFT" gained significant traction in 2017 with the launch of #CryptoPunks, a collection of 10,000 unique characters on the Ethereum blockchain. These pixelated characters became highly sought after, with some selling for millions of dollars. CryptoPunks are widely considered to be the original #NFT project, marking a significant milestone in the history of NFTs.
Another notable project that contributed to the mainstream adoption of NFTs is CryptoKitties. Launched in late 2017, CryptoKitties allowed users to buy, breed, and trade unique digital cats on the Ethereum blockchain. The project became so popular that it congested the Ethereum network, demonstrating the potential impact of NFTs on blockchain technology.

The Bored Ape Yacht Club (#BAYC) is a more recent addition to the NFT world, but it has quickly gained massive critical acclaim. Created in 2021 by product studio Yuga Labs, BAYC features 10,000 unique NFTs. The collection has become a status symbol in the NFT community, with celebrities and influencers showcasing their apes on social media.
As exciting they were they are quiet limited in just being jpeg's with rarities on the blockchain.

With the birth of BRC-20 Protocol on 08 March, 2023, the magic continued to unfold with the introduction of the #Bitcoin NFT Marketplace.

Later in year 2023 inspired by BRC20 the SPL20 standard was introduced as a significant advancement in token standards on the #Solana blockchain. It allowed for seamless communication between fungible and non-fungible tokens, laying the groundwork for a thriving DeFi ecosystem.

Now that is where things starting to get exciting and evolution of NFT begins...

SOLS is first token issued under SPL20, but it has not drawn wide attention.

In December 2023 came project called @bozoHYBRID that introduced Hybrid DeFi, NFTxToken (can learn more from them reading this thread: https://t.co/9Yw7h1AC6G ) model and brought attention to the space by becoming the most expensive NFT sold on Solana blockchain.

Let's dig a bit deeper and discover what they brought to this NFT or Hybrid DeFi(NFTxToken) evolution.

Their NFT's are backed by tokens (NFTxToken - one NFT = 800k tokens, with total supply of 1000 NFTs or 800 million tokens) which to me sounds like the obvious next level and natural evolution to the previous generation of Non Fungible Tokens like CryptoPunks and BAYC due to the concepts like:

- NFT deflation via token distribution
- NFT exposure via fractionalization
- Two-way liquidity portals
- Built in trustless, permissionless and decentralized OTC (which is multi billion dollar industry)
- NFT hedging via synthetic USD
- Cross market arbitrage liquidity injections

Then they went a step further introducing Solana Hybrid Standart @GoHybridApp introducing bozoHYBRID Gold nugget's PFP's (profle picture collection). Which requires 80k tokens that are locked in to an escrow and you get Gold Nugget profile picture (they look fabulous if you ask me).

So, SHS(Solana Hybrid Standard) allows any NFT (or memecoin to create a PFP and back it by their tokens) to be backed by their own token making it more accessible for wider public meaning if NFT is worth millions of dollars you are still able get $100 exposure through tokens.

And that's not it bozoHYBRID hinting to us that they are ready to change the game one more time (see here https://t.co/5J6LxvplIn ). Let's wait and see what bozos got for us this time.

Now lets explore a bit of a game theory that this evolution brings. Imagine memecoin like $wif that has over 130k holders going Hybrid and introducing 10k PFP collection backed by let's say 1 wif token each. Now there are 130k holders but only 10k PFP's what would the price be of this PFP on the secondary market ? I will leave that for you to decide...
Potentially this technology could be used in RWA (real world assets) by putting it on blockchain and fractionalising it.

You just have to get creative here I'm pretty sure there are many more ways to utilise this tech...

Thanks for reading

[Bozo Finance @BozoFinance]

Think of an extremely limited edition Lego set that everyone wants

And each piece in the set is extremely rare and released in quick stages to the public, but is cheap

Everyone wants one, everyone can afford it, but there’s simply not enough to go around

All pieces are needed for completion

A completed set is insanely rare

That’s crypto alchemy via hybrid DeFi

That’s what’s coming very soon ™️

Hybridio

[YokaiCapital @YokaiCapital]

re: solana:UpBBfyC75u3kxDGWmmmW2yauk9YY3CqZhdt1KUDkids & @kidsdotfun

ALMOST there. so much has been done since shartcoin test launch.

- public launches A to Z (full flow)
- one-transaction funding-round opening
- automatic launch scheduling after funding closes
- clearer refunds, excess returns and allocation claims
- crash recovery designed to prevent duplicate payouts
- safer wallet retries and transaction-status handling
- reworked Explore, Create, Activity and Guide flows
- better mobile layouts, navigation and accessibility
- clearer fee, recipient and launch-term reviews
- stronger backup, restore and accounting verification
- clean public repository with enforced security checks

you can check the progress on GitHub. if it wasn't too late for all timezones we'd probably be ready to launch tonight. it's now 100% confirmed for tomorrow.

spray shart everywhere.

[Benk Board Bozo 🏦 @tryged]

@YokaiCapital Shart your way to the top.
You either join the cabal or become one

[YokaiCapital @YokaiCapital]

hi @fomo did we hurt your feelings earlier or why are we still not verified?

not that we care but just trying to understand your politics, is it la vape cabal references only? can get one

[Benk Board Bozo 🏦 @tryged]

@YokaiCapital @fomo Ive seen this happen before 😁 when cabal completely ignors you. Send it

[Benk Board Bozo 🏦 @tryged]

@kidsdotfun 🍼🍼🍼

[Benk Board Bozo 🏦 @tryged]

@YokaiCapital @toly @SolanaFndn @Raydium Thats what happens when you fight the cabal

[Benk Board Bozo 🏦 @tryged]

Will the trenches ever change? Might be a play against cabal

[YokaiCapital @YokaiCapital]

https://t.co/LN3MolKlry

[Benk Board Bozo 🏦 @tryged]

@PARABOLIT Lovely work. Soon you can bet against your friends directly

[Cæsar @PARABOLIT]

Added more features today to wanna bet

- to win has been added to the bet card, now you know how much vs how much youre betting

- actual odds have been added to the bet card with whatever the creator has chosen as the odds

- "Use Market Odds" is getting wired in that fetches the current live odds on the market you've selected - as well as the ability to change the odds format between decimal/american

- The main menu is now defaulted in the filter to highest liquidity

- claimable bets has been changed from 5 - 4 after upgrading the programs to partial fills

- saying that, partial fills is now the standard across the platform - it allows thousands and thousands of people to accept the same bet instead of a single fill. Just like a bet in a traditional order book, these blocks can get chewed up in partial fills all on chain.

- now supporting relative performance bets across crypto, where you can bet on gold out performing btc, or any other combination, LTC to outperform SPX

- this means you can short coins on chain with partial fills by predicting USDC as the out performer

- UFC, NBA and MLB supported, with every sport to be supported asap

moving this quickly towards a decentralised platform that can't be taken down, runs on immutable code forever

[Benk Board Bozo 🏦 @tryged]

@PARABOLIT Short coins, bet sports and this is just a beggining

[Cæsar @PARABOLIT]

Final call for anyone who wants to be apart of a rewards snapshot from using the Wanna Bet beta platform

Drop your SOL address, i'll send you everything you need

Join the telegram (links in next comment) to report bugs and apply for the pre-seed sale

[Cæsar @PARABOLIT]

You can now short coins on-chain

From your wallet, with a non-custody escrow, running on immutable code

Against as many people who will accept your bet

[Benk Board Bozo 🏦 @tryged]

@PARABOLIT Good job sir 🫡

[Benk Board Bozo 🏦 @tryged]

This is my quant

[Cæsar @PARABOLIT]

667 commits in 60 days

working 16 hours a day straight, not a SINGLE day off

building one of the most disruptive apps in crypto

Some people think they want to make it but are you willing to work as much as humanly possible?

can't fucking WAIT to launch

[Cæsar @PARABOLIT]

667 commits in 60 days

working 16 hours a day straight, not a SINGLE day off

building one of the most disruptive apps in crypto

Some people think they want to make it but are you willing to work as much as humanly possible?

can't fucking WAIT to launch

[Benk Board Bozo 🏦 @tryged]

@MacroCRG Get motivated is the wrong advice. What do you do when motivation fades?
You got to get discipline.
Discipline is the key not motivation.

[Benk Board Bozo 🏦 @tryged]

@wannabetyou @ercwl @PulseProveX Do it!

[Malleable Gold @MalleableGold]

@ercwl @PulseProveX We can make this happen.

Wanna Bet?

[Benk Board Bozo 🏦 @tryged]

@IvanOnTech I get it u were locked in while doing the book. But now you can get some sun finally!
Congratz on a book.