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        <title>AresLabs</title>
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        <description>Finding new crypto projects and Web3. 
Discord closed. #Alpha #Degens #Web3 #Crypto
Founder - @afrectz
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            <title><![CDATA[Solving the problem of NFT royalties on Solana]]></title>
            <link>https://paragraph.com/@afrectz/solving-the-problem-of-nft-royalties-on-solana</link>
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            <pubDate>Tue, 20 Dec 2022 13:34:44 GMT</pubDate>
            <description><![CDATA[I am convinced that, although it is becoming fashionable to refuse royalties, they still remain an integral part of the Solana ecosystem. And a complete rejection of royalty will not only lead to a reduction in the number of new collections , but will also lead to a decline in trading volumes in general. Solving the problem To begin with , we will look at two different approaches to royalty .@cardinal_labs-Cardinal Token Manager- is a conditional ownership protocol that combines NFTs to manag...]]></description>
            <content:encoded><![CDATA[<p>I am convinced that, although it is becoming fashionable to refuse royalties, they still remain an integral part of the Solana ecosystem. And a complete rejection of royalty will not only lead to a reduction in the number of new collections , but will also lead to a decline in trading volumes in general.</p><p><strong>Solving the problem</strong></p><p>To begin with , we will look at two different approaches to royalty .</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5bffbdcf044678f9f3b4dc67c2fc93094374c10c3f401627fbc4f8408000611a.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://twitter.com/cardinal_labs"><strong>@cardinal_labs</strong></a>-<strong>Cardinal Token Manager-</strong> is a conditional ownership protocol that combines NFTs to manage their ownership using SPL token program features such as delegation and freezing.Simply put, it provides a form of selective transfer that gives creators control over where/how their tokens are traded, such as ensuring that NFTs are traded only through royalty payment contracts.</p><p><strong>Verdict</strong></p><p>This method leads to centralization and in the future may lead to disapproval on the part of NFT owners and creators . Given the arbitrary programmability, the only “solution” is to provide the creator with permanent administrator access to the blacklist of addresses, burning tokens or revoking transfers. For crypto-ideological collectors, this is an unacceptable compromise with obvious risks. DCinvestor said it best:</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/dd327e0df1fef1d780f61a0938ec4123b8444da96529a4cdb311a423742bb5eb.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/iamDCinvestor/status/1563371646614130688">https://twitter.com/iamDCinvestor/status/1563371646614130688</a></p><p>When people suggest “removing transfers from wallet to wallet”, “adding a centralized blacklist” or “allowing the creator to burn tokens”, they destroy the value of the token itself. There is no way to secure royalties while maintaining censorship resistance.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/940555a935fb89efdca0a92e4aa997941e5ed47eaf2d84c8a11491ac8d6226c8.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>**The second approach to solving the royalty problem is <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://twitter.com/FudBoisNFT">@FudBoisNFT</a> **— they propose a new model that simultaneously rewards those who agree to royalties and does not punish those who do not. FUD-o-Meter will determine which users have chosen the creation fee on the buyer’s side, and in turn will give them priority in every aspect of the FUDbois ecosystem.</p><p>Those who pay this royalties, receive great rewards from placing bets, will receive priority on airdrops, exclusive merchandise and much more The priority level will be based on the % of the royalty paid — the higher the%, the higher the “FUD level” you will be at.</p><p>Owners who choose not to pay royalties will still be an integral part of our community — just think of their access/benefits level as “FUDbois Lite”.</p><p><strong>Verdict</strong></p><p>We agree with their statement “The future of royalties is not to impose centralization and punish those who do not pay them</p><p>The future rewards those who fully support the project by providing exclusive benefits and access.”</p><p>But their proposal cannot be called a solution to our problem .Since most users of marketplaces, if they are faced with a choice not to pay royalties and use this to increase their profits, or pay royalties and get some consolation prize.Most will choose not to pay royalties.</p><p><strong>Our Idea</strong></p><p>As we wrote earlier , we are against punishing or restricting users , either . We offer a protocol in which two solutions will be used: double royalties and wallet karma.</p><p><strong>Double royalty.</strong></p><p>What is royalties — these are payments that compensate the original creators of the NFT for the use of their irremovable tokens (NFT). We propose to divide the royalties into two parts, the first part will go to the creator of the NFT, the second part to the previous seller of the NFT (who paid the royalty). But at the same time, the percentage of royalties going to the creator of the NFT cannot exceed 60%.Moreover, the creator of the NFT can completely abandon the royalty in his favor in favor of the sellers (who paid the royalty) .</p><p>The protocol will not restrict the user if he does not want to pay royalties.</p><p><strong>Additional functions</strong> 1)When the collection is pulled by Rug, the royalties is disabled for the creator of the collection, everything goes to the previous NFT seller 2) the inclusion of additional royalties that will go to charity in charities approved by the protocol.</p><p><strong>Wallet karma</strong></p><p>We propose to change not only the work of royalties, but also to add a new way to get WL . To do this, the karma of the wallet will be monitored in the protocol, the level of which will depend on whether a person will pay royalties or not.Also, the use of charitable royalty will give additional points to karma.Any wallet will start with zero karma, and at the same time karma cannot fall below zero. A platform will be created to track karma. Information about karma will not be public, the creators of NFT will be able to see it only with the permission of the wallet owner. To do this, there will be functions in the platform: a raffle, and a form for WL.</p><p><strong>1)Raffle</strong> — raffle on the platform will almost not differ from the standard Premint or Magiceden, but an additional condition will be the level of karma of the wallet. 2)<strong>The form on WL-</strong> will also not differ from the standard Forms on WL, but the condition is in the form of the wallet’s karma level.</p><p>As a result, the karma of the wallet helps not only in solving the problem of royalties, but also complicates the process for obtaining WL by creating multiple wallets.</p><p>Another additional incentive for the use of royalty will be the retro drop of protocol tokens for active activity.</p><p><strong>Result</strong></p><p>We refused to follow the path of restrictions and centralization . And we followed the path of encouraging creators and users.</p><p><code>P.S. I wrote the article almost immediately after MagicEden canceled the royalty.At the moment MagicEden followed a very similar path that I described in the article .The article was written a long time ago, so some of the information is outdated.The article will be updated in the future.If you like it, support the project. You need to click on the NFT collection in the upper right corner and replace the NFT for 10U or so to support the project.</code></p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/Afrectz">https://twitter.com/Afrectz</a></p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/AresLabs_xyz">https://twitter.com/AresLabs_xyz</a></p><div data-type="subscribeButton" class="center-contents"><a class="email-subscribe-button" href="null">Subscribe</a></div>]]></content:encoded>
            <author>afrectz@newsletter.paragraph.com (AresLabs)</author>
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            <title><![CDATA[Report : Astra Nova]]></title>
            <link>https://paragraph.com/@afrectz/report-astra-nova</link>
            <guid>8nv3NDILcI7lZbRi6f5q</guid>
            <pubDate>Tue, 20 Dec 2022 13:12:43 GMT</pubDate>
            <description><![CDATA[1.What is the Astra Nova Astra Nova is the first real meta — role-playing game #Web3 . focused on creating long-term value for the community of avid NFT players and enthusiasts.Based on the basic principle of Web3 — interoperability and transparency based on blockchain.Gamers will get front row seats to write stories, develop concepts and test behind the scenes. 2. Project Key Highlights Astra Nova conveys the best of games by challenging the old way of playing, jointly creating Meta-RPGs wit...]]></description>
            <content:encoded><![CDATA[<p><strong>1.What is the Astra Nova</strong></p><p>Astra Nova is the first real meta — role-playing game #Web3 . focused on creating long-term value for the community of avid NFT players and enthusiasts.Based on the basic principle of Web3 — interoperability and transparency based on blockchain.Gamers will get front row seats to write stories, develop concepts and test behind the scenes.</p><p><strong>2. Project Key Highlights</strong></p><p>Astra Nova conveys the best of games by challenging the old way of playing, jointly creating Meta-RPGs with the direct participation of their own community.</p><p>Here are the main goals and ideas they strive for:</p><ul><li><p>build a sustainable economy with several types of earnings</p></li><li><p>NFT Staking Pools for in-game upgrades</p></li><li><p>ensuring true compatibility with other NFT and GameFi projects</p></li><li><p>mass implementation of MetaRPG in the life of gamers</p></li><li><p>Astra Nova collaborates with Hedera chain to host our tokens and Ntfs.</p></li><li><p>cooperates with Hedera, the only blockchain solution with negative carbon emissions, for the placement of tokens and NFTs.</p></li></ul><p><strong>3. Existing Products</strong></p><p>The basic gameplay concepts represent a classic role-playing game for the new meta-era</p><p>Players will play as one of these survivors, mercilessly thrown into this new world. They must gather their strength, restore, explore and protect their last refuge from the darkness enveloping it. And not only them, Astra Nova is inhabited by deviants — the original inhabitants of Astra Novy. Will they be friends or enemies? Enemies or angels? Time will show. Players will also be able to choose their race, worldview, class and their skills at the beginning of the game. This choice will affect the gameplay, so choose wisely. The developers of Astra Nova want to make sure that all the elements of the role-playing game that the player expects are present here. Will you be a dashing warrior defending your home from threats and conquering new lands, or a thoughtful druid communicating with the sacred land that you now call home? Astra Nova will do everything so that the player is fully immersed in the metaverse. To create a living Meta RPG world with endless gaming possibilities, the developers have diversified the game in various ways:</p><ul><li><p>10+ Customizable RPG Character races.</p></li><li><p>Unique action Adventure quest.</p></li><li><p>Multiplayer Battle Royale.</p></li><li><p>Stealth mission &amp; speed runs.</p></li><li><p>Special guests custom-tailored to Ntfs.</p></li><li><p>Ongoing solo &amp; group mission updates</p></li></ul><p><strong>NFT collections</strong></p><p>There will be three collections of NFTs in Astra Nova with different advantages for holders of these NFTs:</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/1a05225a3b256337ca519497898d7444271f912b2b2aad90855f64203e7ba6f7.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><ul><li><p><strong>Deviants</strong> Entry NFT — Supply: 10,000 In-game upgradable characters &amp; 3Davatars with key perks &amp; powers • Entry to guild • Entry to MetaRPG sports events, competitions &amp; arcades</p></li><li><p><strong>Orion’s Realm</strong> Land NFT — Supply: 5,500 5 regions divided into 5.5K Virtual NFT land parcels. • Construct structures. Activate meta sports events &amp; competitions. • Partner development of games &amp; events, monetization avenues.</p></li><li><p><strong>Sentinels</strong> Governance NFT — Supply: 140 Limited edition 140 Smart NFTs with AI capabilities. • Grants governance privileges. Transforms them into a “Councilor” of a specific region of the MetaRPG. • AI trainable NFTs</p></li></ul><p>A limited number of NFTs on the market with original utilities that give an advantage in earnings will eventually increase the cost of NFTs.</p><p><strong>NFT &amp; P2E economy:</strong></p><p>The economy of Astra Nova is made so that players have the opportunity to play and earn without investing, while encouraging NFT holders in various ways of earning.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/121c71bdb7a7ddf2249e07ad992686b745761339657fa59087285314abe30f3e.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>4.Token sales and economics</strong></p><p><strong>4.1 Tokens and utilities Revive Token</strong></p><p><strong>$RVV</strong></p><p>All in-game transactions NFT Marketplace (Buy/sell) NFT upgrade/power-ups Participation in events and tournaments Purchase, lease or rent of land NFTS Council Fees eg:</p><ul><li><p>Advertising , gaming licenses etc. Governance Token</p></li></ul><p><strong>$GTK</strong></p><p>For Voting and DAO Received as rewards on completion of missions Top G-token holders can be part of the Council Exclusive refills and upgrades within the game</p><p><strong>4.2 Token allocation</strong></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/1738688731cb10fd659e5af71cb1ab01f0c32736b9ad00bf72fe50acee92fc5b.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/c27bb90d9ddd7e2aa04df05b053fff2c0a1dde15600291e6c096d8c296ea754e.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>5. Project team</p><p>AstraNova employs more than 30 employees with Web 2 and Web 3 experience, and hundreds of active community members. The wider AstraNova community has more than 3,000 subscribers in the Telegram group and other social channels.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/34d0373040193d032b839e243149a3e3537aea80bc3030c9af5d4b7c1f6ef7ae.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>6. Roadmap, updates, and business development</strong></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/e7c5d88cd08ea39692d6a78aee8ab59e9cc294322e3372ace9714a3a8688788a.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>7.Commercial partnerships and business development progress</strong></p><p>Astra Nova has also entered into partnerships with such blockchains as Hedera and Polygon, and also received a grant from Polygon. Polygon’s investment in Astra Nova is a testament to their faith in the business model and overall vision of Astra Nova. AstraNova is going to use the grant to optimize its product offerings, stimulate innovation and accelerate project development together with such large and reliable companies as Polygon. In addition, the active global Polygon community and its network effect will provide greater visibility and opportunities for the project.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5a83e241ebf6717cf9fbe9b10d2a7aef84d5f938c230e30103c6dccea71f2528.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>8.</strong> <strong>Advisors</strong></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/e7daf0f415fc131542a0d6c0f3474ff99c3e01d7598695f9691522f2b7e757fb.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>9.Personal opinion</strong></p><p>From myself , I want to say that the game is at an early stage , as is the entire GameFi sector .And the project has every chance to become very popular, of course, if the team works for the community and not for themselves.And then the project will not get bored, but will be with a steadily growing audience and not a jumping rate of the internal cryptocurrency.</p><p><strong>10.Links</strong></p><p><strong>Website</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.astranova.world/">https://www.astranova.world/</a></p><p><strong>Telegram</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://t.me/astranovaofficial">https://t.me/astranovaofficial</a></p><p><strong>Announcement</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://t.me/astranovaann">https://t.me/astranovaann</a></p><p><strong>Discord</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://discord.gg/A5MNXyn4db">https://discord.gg/A5MNXyn4db</a></p><p><strong>Facebook</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.facebook.com/astranovametaverse/">https://www.facebook.com/astranovametaverse/</a></p><p><strong>Twitter —</strong> <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/Astra__Nova">https://twitter.com/Astra__Nova</a></p><p><strong>Reddit</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.reddit.com/r/Astranovaofficial/">https://www.reddit.com/r/Astranovaofficial/</a></p><p><strong>Medium</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://astranovaofficial.medium.com/">https://astranovaofficial.medium.com/</a></p><p><strong>Instagram</strong> — <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.instagram.com/astranovaofficial/">https://www.instagram.com/astranovaofficial/</a></p><p><strong>Join: Twitter Ares Labs —</strong> <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/AresLabs_xyz">https://twitter.com/AresLabs_xyz</a></p><p><strong>Twitter researcher —</strong> <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/afrectz">https://twitter.com/afrectz</a></p><blockquote><p><em>This material is not intended to be relied upon as investment or forward-looking advice. This article does not recommend or suggest buying or selling any cryptocurrencies or implementing any investment strategies. The data is not necessarily comprehensive and cannot be guaranteed to be absolutely accurate. Always remember to conduct your own research (DYOR) and proceed with caution.</em></p></blockquote><p><code>P.S. The article was written a long time ago, so some of the information is outdated.The article will be updated in the future.If you like it, support the project. You need to click on the NFT collection in the upper right corner and replace the NFT for 10U or so to support the project.</code></p><p>And also don&apos;t forget to subscribe to social networks:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/Afrectz">https://twitter.com/Afrectz</a></p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/AresLabs_xyz">https://twitter.com/AresLabs_xyz</a></p><div data-type="subscribeButton" class="center-contents"><a class="email-subscribe-button" href="null">Subscribe</a></div>]]></content:encoded>
            <author>afrectz@newsletter.paragraph.com (AresLabs)</author>
            <enclosure url="https://storage.googleapis.com/papyrus_images/18f65d617404e45742cc4fa92e3c511b4790e0ee62e61c8667c4a303be65062c.png" length="0" type="image/png"/>
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            <title><![CDATA[Sui: The new Ethereum killer?]]></title>
            <link>https://paragraph.com/@afrectz/sui-the-new-ethereum-killer</link>
            <guid>yqISqpOd6X4FR9tDAcGe</guid>
            <pubDate>Tue, 20 Dec 2022 12:52:42 GMT</pubDate>
            <description><![CDATA[Sui is a public blockchain of first–level smart contracts, which is designed to provide scalability and low latency for simple daily use, for example, asset transfer and payments. This is possible due to parallel transaction processing, which allows for more efficient use of processing resources and allows you to increase throughput by simply adding additional resources. Sui invokes a consensus protocol only for co-owned objects, eliminating the concept of “lock time” for simple transactions....]]></description>
            <content:encoded><![CDATA[<p>Sui is a public blockchain of first–level smart contracts, which is designed to provide scalability and low latency for simple daily use, for example, asset transfer and payments. This is possible due to parallel transaction processing, which allows for more efficient use of processing resources and allows you to increase throughput by simply adding additional resources.</p><p>Sui invokes a consensus protocol only for co-owned objects, eliminating the concept of “lock time” for simple transactions. This is what allows you to complete transactions immediately.</p><p>The Sui platform is written in Rust and supports smart contracts written in the Rust-based Move programming language. Move was originally created by Facebook to develop the Diem blockchain (formerly known as Libra), which is currently abandoned due to opposition from regulators.</p><p><strong>Team: Mysten Labs</strong></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/6e2ab565e8b96936782b3b2e07a5180b13fbdba4b62301b8a7ab836526740cc1.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Sui was founded by Mysten Labs. Five co-founders, as well as several Mysten employees, worked on the development of the Diem blockchain and the Move programming language. Four of the five co-founders worked at Facebook, but left due to strict regulatory restrictions and decided to work on their own blockchain.</p><p><strong>Fundraising</strong></p><p>December 2021:</p><p>— Collected in Series A: $36 million;</p><p>Investors: the funding round was led by a16z and NFX. Other investors: Scribble Ventures, Red point, Lightspeed, Electric Capital, Samsung NEXT, Stop Ventures, Standard Crypto, Coinbase Ventures and others.</p><p>July 2022:</p><p>— Collected in Series B: $200 million, Series B</p><p>Investors: Led the FTX Ventures.</p><p><strong>Tokenomics</strong></p><ul><li><p>Ticker: SUI;</p></li><li><p>The total number of tokens is 10 billion. When the blowjob is launched, some of the tokens will be liquid, the rest will be decomposed according to the unlock schedule, some will be rewards for staking;</p></li><li><p>There is no deflation/burning mechanism;</p></li><li><p>— Utility of the token: stacking for network security, transaction fees, storage fees, voting participation, medium of exchange (native token);</p></li></ul><p>Further details of TBA.</p><p><strong>Dignities</strong> Based on published publicly available information, the key differences are as follows:</p><p>Gas Mechanism: Sui can maintain low and predictable gas prices, while encouraging validators to optimize transaction processing and prevent denial of service (DoS) attacks.</p><p>At the beginning of each epoch, validators vote for the network-wide gas price used by users as a reference for binding when sending transactions for processing. Validators are given incentives to keep the gas price close to the reference price for the epoch. Those who provide high prices receive a fine in the form of a deduction of part of the remuneration.</p><p>Similarly, non-responding validators receive relatively fewer rewards and risk receiving fewer delegated assets because users are interested in efficient transaction processing. In addition, predictable gas leads to the processing of predictable transactions.</p><p>Gas prices can remain low even during periods of high activity, since its throughput can scale linearly with an increase in the number of machines per validator. Validators can add more machines proportionally to meet the growing network requirements.</p><p>A unique feature of the Sui design is that the storage fee is paid separately from the execution of the transaction. In principle, storage costs should be denominated in dollars off-line to store arbitrary data on the network. They are evaluated exogenously and determined during the voting.</p><p>From the point of view of users, there is no difference in the commissions paid. However, when a user sends data to the network, he pays for both gas and storage. Part of the storage fees is paid to the “storage fund”, which covers the costs of validators for storing user data. The fund is used to subsidize future increases in storage costs as the network grows and develops. Conversely, users can delete data on the network instead of a discount on storage fees, and they do this to the economic optimum.</p><p>Below is an overview of Sui tokenomics:</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/662af33a5bbf5a9cb09cfd28f0bb4e987a249471a868e3f3591070710e06e581.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Transaction Execution: Split into two consensus paths for the following transaction types:</p><ul><li><p>Simple transactions: defined as independent without causal relationships and use Byzantine serial broadcast transmission in transactions. It is a leaderless protocol that eliminates the overhead of global consensus without compromising security and viability guarantees.</p></li></ul><p>Faulty validators do not have a significant impact on performance, whereas in most leading blockchains that experience a failure in one or more validators, there is a drop in throughput and an increase in latency. Transactions are optimistically verified and executed individually in parallel, rather than sequentially or in batches, as in most traditional blockchains.</p><ul><li><p>Complex transactions: Defined as interdependent/intertwined with common objects and use variants of the Byzantine Fault Tolerance (BFT) protocol. Sui calls them and executes them sequentially using Narwhal. Transactions are verified in 2–3 seconds.</p></li></ul><p>Transaction types should be clearly defined. The consensus subsystem is also scaled in the sense that it can order more transactions by adding more machines for each validator. This allows Sui to scale.</p><p>BFT Consensus: known as Narwhal &amp; Tusk. Like Aptos, the Sui consensus protocol is also derived from HotStuff. Sui and Aptos consensus mechanisms minimize the data exchange required between validators to process transactions in order to reduce delays. AptosBFT is partially asynchronous. The Sui design for consensus building distinguishes the protocol mempool from the consensus level, whereas most L1 PoS have monolithic consensus protocols.</p><ul><li><p>Narwhal (Mempool Protocol): Mempools store unconfirmed blockchain transactions until they are confirmed by a consensus protocol. Narwhal’s task is to broadcast transactions to consensus while maintaining data availability. Narwhal does not depend on the consensus protocol and is capable of allowing asynchrony in the form of failures or periodic loss of operability.</p></li><li><p>Tusk (Asynchronous Consensus Protocol): responsible for the order of transactions. Tusk uses general randomness to eliminate additional communication between nodes and allows each node to determine the overall order of transactions. In combination with Narwhal, it provides high performance in the event of failures.</p></li></ul><p>Narwhal and Tusk can be combined with other Byzantine Fault Tolerance (BFT) consensus protocols. The team discovered this code to allow the broader crypto community to benefit from their research (starting with their partnerships with Celo and Sommelier).</p><p>Theoretically, the project does not have a known upper limit on bandwidth scalability. Since there are no test network results, it will be interesting to see how this works in practice.</p><p>Sui security properties are able to withstand bad network conditions, network partitions, or DOS attacks on validators because they do not impose any assumptions about synchronization on the network. On the contrary, long-term network attacks on synchronous blockchains (i.e., on most proof-of-work blockchains) can lead to double resource consumption and deadlocks.</p><h1 id="h-equipment-requirements" class="text-4xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Equipment requirements</h1><p>Below are the requirements for Sui, Aptos and other L1:</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/967ddcfd7cf576b6be433d0f9367db5cf153bb3bd154be2960c9d84f7069d621.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>As of June 30, 2022, more than 5,000 Sui nodes were operating in 65 countries. Other factors contributing to decentralization will be discussed later when both Sui and Aptos launch the main network.</p><p>Sui Development Kit (SDK): While Aptos also has an SDK to improve DX/UX, the Sui SDK makes interesting attempts to link other ecosystems and use cases unrelated to cryptocurrency.</p><ul><li><p>Gaming API: Connects game developers directly to general-purpose L1, not to a sidechain or L2 focused on games. After that, game developers will be able to interact seamlessly with the Sui ecosystem (users, other dApps, assets) and the Move language.</p></li><li><p>“SuiEcho”: Allows DApp developers to launch communities, facilitating the transfer of digital assets from other ecosystems to Sui. For example, owners of the Ethereum-based NFT Bored Ape Yacht Club can create Sui-based equivalents via SuiEcho, using their own PFP for ETH as proof of ownership.</p></li></ul><p>Although the NFTs created by Sui are independent assets, their avatars can then be used on the Sui network. Similarly, it allows Sui DApp applications to connect to communities on other networks. While high-value NFTs can be combined elsewhere, the value eventually accumulates in the original chain.</p><p>Whereas this approach allows Sui and newer L1s to benefit from existing communities captured in another L1. The Aptos SDK also has NFT features, but they are currently limited to native Aptos features.</p><p>“Handshake”: an interface tool that serves as a channel for users to distribute, receive/redeem Sui digital assets (for example, payments, trade coupons) both cryptocurrency users and non-cryptocurrency users. For users who do not use cryptocurrency, no prior account creation or interaction with the basic block chain is required. The Handshake roadmap includes connecting users who do not use cryptocurrency.</p><p><strong>Ecosystem</strong> Below is a comparison of Github star watchers, Discord members, and Twitter followers for key L1 alternatives as of July 25. Note: Ethereum was not included because its dominance is widely known (also because these new L1s are unofficially considered “SOL killers”):</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5f4f599ff14a698fe618b9bfe332b70e3c87fca8a4912a2ceb22a3f55ed11bc3.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/6a636917df2c19b379bfe8ec86043b45983f30dc299e30672d94df143c7bb94c.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>Conclusion</strong> The Sui team certainly took the hackneyed phrase “Bear markets are for construction” seriously. Sui is written in a new programming language for smart contracts, which could be an obstacle, but the Move language is still based on the Rust programming language. Thus, potential developers should have no problems with developing on Sui</p><p>In the last months of the bear market, we have seen a shift in emphasis towards user-centric protocols, dApps with real-world utility, and player-centric games (the opposite of P2E). In addition, we are seeing that more and more countries are starting to work on regulating stablecoins, which means that the demand for user-friendly payment protocols will grow. This could be observed at the sunset of the Terra ecosystem, when a wave of neo-banks and payment applications appeared on top of Terra and UST.</p><p>The architecture of Sui makes it an ideal platform for such DeFi games and payments, as they usually use simple transactions. Such transactions can be executed almost in real time and are not limited to the base block. In addition, the network can be scaled horizontally, if necessary, while maintaining a low cost per transaction.</p><p><code>P.S. The article was written a long time ago, so some of the information is outdated.The article will be updated in the future.If you like it, support the project. You need to click on the NFT collection in the upper right corner and replace the NFT for 10U or so to support the project.</code></p><p>And also don&apos;t forget to subscribe to social networks:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/Afrectz">https://twitter.com/Afrectz</a></p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/AresLabs_xyz">https://twitter.com/AresLabs_xyz</a></p><div data-type="subscribeButton" class="center-contents"><a class="email-subscribe-button" href="null">Subscribe</a></div>]]></content:encoded>
            <author>afrectz@newsletter.paragraph.com (AresLabs)</author>
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