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  • #030: anetaBTC is launching its public testnet on this Saturday

#030: anetaBTC is launching its public testnet on this Saturday

NMKR enables customized NFT marketplaces

Author

Laura & Sooraj
January 25, 2023

Welcome to This Week In Cardano

Read time: 5 minutes

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  • Have example assessments of major Layer1s already bring you way ahead of 95% of the people in the space

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A 3-Step Metrics-Based Assessment Framework for Layer1 Blockchains (eBook) (ENG)

🏆 The First Book in Crypto that provides a metric-based Assessment Framework to evaluate Layer1 Blockchains based on the dimensions of the Blockchain Trilemma. It's an easy-to-understand and accessible Assessment Framework for blockchain evaluation based on the 3 dimensions of the Blockchain Trilemma indicating the degree of decentralization, scalability, and security.❓Maybe you know some or all of this: ❌ You are new to the crypto space and you feel lost in all the diverse and opposing information❌ You don't know where to look for trustworthy information❌ You have no time to do endless hours of research❌ You have been in the crypto space for a while and you are tired of all the hype and coin pumps.❌ You want to build your profound understanding of different blockchain projects❌ You want to understand the differences between projects from a fundamental, metrics-based perspectiveBut don't worry. We have been there, too. This is why we wrote this book!When it comes to classical stock evaluation, standardized frameworks, metrics, and procedures exist.What is already common sense in this asset class is a green field in the crypto market. Here, many bases their investment decisions due to complexity and information asymmetries on following the hype on Twitter or the narrative of influencers who might just want to dump a coin.This eBook sheds some light on the currently unstructured, distributed, and inconsistently crypto asset market.🤔 How is this possible, you might ask?The ebook provides you with a go-to framework for a Layer1 Proof of Stake Blockchain Assessment.......so that you will be able to understand:✅ What is the difference between stock evaluation and crypto assessments?✅ Why is a metric-based Assessment Framework essential to evaluate Layer1 blockchain projects?✅ What is the Blockchain Trilemma and why is the Assessment Framework based on it?✅ What metrics does each dimension of the Blockchain Trilemma contain?✅ How to apply the Assessment Framework - A simple guide.✅ Example assessments that show you step-by-step how to apply the Assessment Framework✅ A list of resources to research the metrics and to conduct your own assessment of Layer1 blockchains. 💎 How you benefit from the book:💎 You gain fundamental blockchain knowledge you would need weeks or months to collect the information from websites, Youtube and Twitter💎 You have a go-to framework that provides an understanding and gives an indication of the status quo of Layer1 Proof of Stake Blockchains, regarding their degree of decentralization, scalability, and security 💎 You have guiding principles and fundamental metrics at hand that helps you when it comes to making investment decisions. (because conducting such a quantitative assessment before making an investment decision should be a prerequisite for everyone in crypto for the long-term game.)💎 The provided example assessments of major Layer1s already bring you way ahead of 95% of the people in the space who just follow the next best Crypto influencer when it comes to their investment decisions.📖 What you will get - A sneak peek into the outline of the bookIn chapter 1 we will dive into the crypto assessment and shed light on why a metrics-based assessment framework is important.Chapter 2 deconstructs the development of the L1 Proof-of-Stake Blockchain Assessment Framework based on the Blockchain Trilemma and provides a detailed step-by-step guide and explanation of what metrics the Assessment Framework comprises.Chapter 3 provides example assessments of major Layer 1 Blackchins and demonstrates the practical application of the developed framework. Finally, Chapter 4 provides you with the most basic resource links to apply the Assessment Framework to conduct your own assessmentThis Assessment Framework has been deliberately designed to be as simple and accessible as possible so that also crypto beginners can work with it. I hope it will help you to start analyzing the fundamentals of existing or upcoming blockchain projects and to make more informed decisions.🎁 After you buyAfter you purchase the eBook, the download link will take a few minutes to come to your email inbox due to PDF stamping. Make sure you enter the correct email address at checkout. It can take up to 10-15 minutes before you receive the link. Be patient :)What if you haven't received the link?If you don't get the email with the link within 30 minutes reach out to us and we'll send it manually as soon as we can! Gumroad can act up sometimes :( ⚠️ Important noticeThis is a PDF download. No physical product will be mailed to you.We don't accept returns of the eBook - for obvious reasons. Make sure it's for you before you buy.

https://bit.ly/3PXcPcR

Hi Cardano Community,

Welcome to This Week In Cardano - your daily Newsletter covering the major updates in the Cardano Ecosystem!

This is what we have for you today:

  • 🚀 anetaBTC is launching its public testnet on this Saturday

  • 🎨 NMKR enables customized NFT marketplaces

  • 💎 Gem of the Day

This Week In Cardano

Your Daily Newsletter covering all major events happening in the Cardano Ecosystem

anetaBTC is launching its public testnet on this Saturday

AnetaBTC, the decentralized, fully on-chain, wrapped Bitcoin product that allows users to seamlessly unlock the value of their Bitcoin on the Cardano and Ergo blockchain networks, announced the launch of their public testnet on Ergo.

anetaBTC: Unlocking Bitcoin's Value in a Secure and Efficient Environment

AnetaBTC is a decentralized, fully on-chain, wrapped Bitcoin product that allows users to seamlessly unlock the value of their Bitcoin on the Cardano and Ergo networks.

Unlike other wrapped Bitcoin protocols, such as wBTC which is on the Ethereum blockchain, AnetaBTC does not involve any third-party custodian and allows users to access the full value of their assets without selling any Bitcoin.

How is it different from wBTC on Ethereum?

Keyword: Custodian-Free Minting and Burning

In contrast to the wBTC protocol, which is controlled by custodian BitGo and requires users to send their Bitcoin directly to the custodian, AnetaBTC utilizes a non-custodial, non-interactive smart contract approach.

Bitcoin is sent to a vault that securely stores the Bitcoin through smart contracts and mints anetaBTC, which is then sent to the connected wallet.

For redeeming BTC, users simply initiate the redeem option and send their anetaBTC back to the vault and the smart contract will release the Bitcoin back to the user when it successfully confirms receiving anetaBTC.

Decentralized Relay Chain

AnetaBTC also utilizes a relay chain that is connected to the Bitcoin and communicates with the anetaBTC bridge, which has an incorporated Bitcoin wallet where the user’s assets are held.

The anetaBTC bridge also communicates with the Ergo node and relays information directly to the Ergo blockchain. During this process, the anetaBTC bridge will execute the issue or redeem the desired asset and send the token to the user directly from the vault.a

Community-Driven Development

To date, anetaBTC has not accepted any money from VCs or private investors and has been entirely community-driven.

The development team aims to keep this dynamic and continue to prioritize the best interests of the community.

anetaBTC: A Solution for Cardano's Liquidity Needs

Wrapped Bitcoin has the potential to provide Cardano with the essential liquidity required for most DeFi applications by transferring the full value of Bitcoin on a 1:1 basis.

As Bitcoin is by far the highest-valued cryptocurrency, anetaBTC can bring massive value to the Cardano ecosystem.

NMKR enables customizable NFT marketplaces

NMKR provides a turnkey solution for creating a fully customizable NFT marketplace, with options for secondary NFT trading and NFT minting.

Launch Your Own NFT Marketplace

NMKR – Create your own NFT Marketplace

Reach the right audience by using our custom whitelabel marketplace & minting solutions while accelerating development speed.

https://www.nmkr.io/nft-marketplace

With this service, NMKR is enabling users to reach their target audience by creating their own custom NFT marketplace.

Users can integrate NFT trading functionality into their own website using the whitelabel NFT Marketplace API.

NMKR care of the technical aspects, such as setup and hosting, allowing users to focus on curating and promoting their own content.

 Secondary NFT Trading and NFT Minting

Users can also earn money by allowing others to sell and purchase NFTs on their branded marketplace, with a fee for each transaction.

Furthermore, users can launch new NFT projects natively on their marketplace using NMKR's NFT Minting solutions.

Interested in sponsoring this Newsletter?

💎 Gem of the Day 🧵

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own researc

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