I already knew Tom because I have also been a constant author for Trybe and I know that he is a stubborn and determined person, that when he has a goal he is able to work tirelessly to achieve it.

For me this represented a guarantee that, combined with the fact that I had not forgotten those who collaborated with Trybe by making them participate in a very generous transfer from Trybe to Loop (1 Trybe for 1 Loopr), was one of the main reasons why I liquidated all my Loopers which at that time would have yielded nearly $ 20,000 but actually led me to invest further to increase my position.

I like to write articles but I also like to read them, in me there is always the curiosity to learn new things and update myself continuously and therefore I am perfectly at ease in the role of author (I hope for interesting contents) and commentator of the articles of other authors ; like everyone else I don’t have a lot of time during the day, but I always try to carve out small spaces to dedicate myself to this passion of mine .. which lately is entirely satisfied by LOOP!

Instead of the traditional method whereby data is stored on the blockchain immediately after minting, Rarible announced Monday that, under its new scheme, NFTs are “minted not at the time of creation, but at the time of creation, but is at the time of purchase. It is the buyer who pays for the gas when buying that item.” In this case, the data will be stored on a decentralized peer-to-peer storage system called IPFS.

Amid the influx of new retail participants into the NFT space over the past year, a large segment has been plagued by persistently high gas fees on the Ethereum network, increasing their barriers to entry and redirecting many investors to the NFT space. alternative blockchains like Solana.

According to data from Rarible Analytics, the current average gas price on Rarible for minting a single ERC-721 token is 0.022ETH, or $82.26 at current prices. This is indeed a favorable time to mine the platform, compared to the regular times of high network activity where gas fees can add up to hundreds of dollars.

This is why the Rarible implementation will be welcomed by the community as a positive initiative, although its potential impact on the broader market is still unknown.

Related: Rarible's Daily Transactions Drop Quickly

Popular crypto exchanges Coinbase, FTX, and Binance are among the latest iterations of crypto companies expressing intentions to build products and services in the NFT space. Coinbase has garnered massive social attention for the upcoming launch of its NFT marketplace, registering 1.1 million email signups in the first 24 hours. After a week, the number is now 2.35 million.

To add greater context to this number, OpenSea on the leading NFT marketplace has recorded over 263,000 unique users in the last 30 days, in addition to a total volume of over $3 billion.

Coinbase recorded 68 million verified users and 8.8 million monthly active users in Q2 2021, according to its latest shareholder report.

Here is 1 min summary of the article if you want to skip the reading.

Illusion of CBDC

Central Bank Digital Currency or CBDC is a solution for the central bank to increase money speed indirectly impact the domestic currency valuation and helps users to receive their money faster and more efficiently. However, it acts as a minoring device for the government to spy on individual citizens and the central bank has more control over the financial transactions within the nation.

Control Limit

However, CBDC’s control is only limited within itself. If CBDC has converted into cryptocurrency or NFTs, it lost the tracking ability and citizens are freely using cryptocurrency without potential control by the government. CBDC is just another form of traditional fiat currency after all.

Lost the Game

While many governments cheer the invention and believe that is the solution to counter cryptocurrency. It is not the case. CBDC is just as limited as fiat currency. Its valuation has been constraint by its issuers and its quantity can continue increasing faster to devaluate its own valuation.

CBDC Cannot Go Over the Border

Similarly, each nation’s CBDC cannot convert to one another or it lost the track of its ability. Unless there is a global oversight bank to track all financial transactions, CBDC can only restrict itself within its own region.

Cryptocurrency Can Travel Internationally

Compared to CBDC, cryptocurrency can trade internationally freely without any issue because the blockchain is alive on the internet on a global scale. CBDC has to convert itself into cryptocurrency in order to travel over the border.

CBDC Will Be Obsolete

There is no practical use that the government forces citizens to adopt. CBDC is not a solution of the future but a failure of present hype that central bank’s outdated technology solution. 

In conclusion

CBDC is useless and cryptocurrency is a solution to block its tracking ability. Even the government tries to control as much as they want to, cryptocurrency can prevent the government from overreaching its ability to spy on their own citizens.

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In addition to fulfilling a beneficent worldwide use case, Angel Protocol supports the growth of the Terra Ecosystem as a whole. By locking up endowments indefinitely, Angel Protocol effectively raises the floor UST TVL, reducing the amount of UST in circulating supply. As all Lunatics now, increasing the market cap of UST is the main way to raise the price of LUNA.

Angel Protocol Reinvents Charitable

Angel Protocol begins with charity. Any charitable organization can apply to create its own endowment fund at no cost. The only requirement is a Terra wallet. If a charitable organization is uncomfortable with Terra, they are also able to create a wallet through a custodian such as Fireblocks, or by using the direct implementation of Angel on Kado.

Once a charitable organization is hosted on Angel Protocol, it can begin to receive endowments. Endowments are much more valuable than one-off donations – they are designed to invest contributions into perpetually compounding funds that use Terra decentralized financial applications – namely Anchor Earn. This allows most of the principal to remain intact while utilizing yield as revenue for charitable efforts. Watch what happens when a $100 endowment is made using Angel:

$20 is immediately available to the charity, while $80 is invested, in this case to Anchor Earn. Out of the $16 of yields from the first year, $4 is reinvested, and $12 goes to the charity. Because the principal has increased by $4, next year the charity receives more yields. In the second year, $4.2 is reinvested, and $12.6 goes to the charity.

In this way, every Angel Protocol endowment continually grows and rewards the charity more each year. Additionally, as the charity organization is awarded more endowments, the income perpetually increases. A $100 endowment will match, in yields, the initial principal in roughly 6 years. After 20 years, the endowment will have donated the charity quadruple the amount of the original endowment.

As the Terra ecosystem evolves, other yield-producing applications, such as Apollo or Spar, will be available. Charity organizations are free to tailor the investment scheme of their endowments to suit their needs. By utilizing the financial applications native to Terra, Angel endowments will be able to offer charitable rewards that consistently outperform traditional institutional endowments by orders of magnitude – and do it in a way that creates a perpetual flow of revenue.

Angel Alliance: Automated Charitable Donations

The Angel Alliance began with a tweet – an announcement that ApolloDAO will donate 1% of revenue to Angel charities. Loop Finance picked up the thread, dedicating 10% of the token supply to be staked for charity yield. Their charitable efforts snowballed into an alliance of over 43 protocols, validators, and NFT projects offering to support Angel Alliance continually, forever.

Simply by existing, the Angel Alliance fulfills two colossal use cases. Primarily, the Angel Alliance creates perpetual charity endowments that elicit a positive change in the world. But it also sets in motion a system that will lock away incremental amounts of UST forever. Doing so raises the UST total value locked, and thus effectively decreases the circulating supply perpetually. This action secures the health of the whole Terra network, promoting demand for UST with an ever-compounding floor. It is estimated that ApolloDAO’s participation in Angel Protocol will contribute over 200,000 UST in the first year alone – and that is only one of the myriad participants in the Angel Alliance. This stroke of genius almost sounds like a mastermind’s evil plan for world domination… until you remember that this financial effort is founded in charity.