loopgyu

Ride the horse, DEFI 2.0!

loopgyu@newsletter.paragraph.com (loopgyu) — Mon, 18 Oct 2021 17:31:13 GMT

Recently, the concept of DeFi 2.0 has become popular with a batch of new design logic protocols. DeFi 2.0 has better composability, more efficient execution speed, higher capital utilization, and a more original organization and governance structure. Olympus DAO is currently the most concerned protocol of DeFi 2.0. Olympus DAO does not use liquidity provider LP mining to attract liquidity for the protocol, but uses the concept of r protocol to control value, and its innovative binding mechanism, subverting the tradition DeFi liquidity model. However, like the meta-universe concept discussed in the previous circle, so far, there is no universally recognized unified concept for DeFi 2.0 in the industry. Most of them are based on the so-called DeFi 1.0, which is the original DeFi smart contract, on the current significant problems-such as the low utilization rate of funds, the form of community organization and the governance structure.

The general term for smart contracts that propose further solutions for unreasonable points. And under this idea, some common characteristics are summarized, such as reputation system, linking the real world, realizing a real community governance structure, providing higher capital utilization, and smoothing or transferring risks.

From the characteristics summarized above, in fact, it can be roughly found that the key to DeFi 2.0 lies in whether the characteristics summarized above are actually used. In fact, it can be roughly found that the key to DeFi 2.0 lies in whether DeFi can really play the biggest role. Advantage-that is, the composability of financial Lego. According to this key indicator, the combination of NFT+ DeFi+ games created by GameFi represented by Axie nfinity can be called DeFi.

2.0 Boldly innovate. As an unprecedented innovation experiment in the history of human finance, DeFi will inevitably have more subversive concepts and gameplays in the future. This requires every currency investor to keep up with the times. A learning attitude can better grasp investment opportunities.

What is the Ethereum virtual machine?

loopgyu@newsletter.paragraph.com (loopgyu) — Sun, 17 Oct 2021 14:01:17 GMT

Computer students should not be unfamiliar with "virtual machines". "Virtual machines" refer to complete computer systems with complete hardware system functions that are simulated by software and run in a completely isolated environment.

In layman's terms, a virtual machine is a virtual machine that we have simulated through software that is exactly the same as our personal computer. It has the same software and hardware resources as an actual physical computer.

After entering the virtual system, all our daily operations can be carried out in this brand new and independent virtual system, which can be installed and operated independently, data saved and so on.

In this way, we can toss in the virtual machine as much as we want, and we are not afraid of all kinds of viruses and attacks. The big deal is to reinstall the virtual machine and it will not have any impact on the real system. We know that the Bitcoin network is like a huge distributed ledger that is updated in real time. Computers anywhere in the world can be connected to the Bitcoin system via the Internet. It has the characteristics of decentralization, non-tampering, and openness and transparency.

There is no virtual machine in this network. Bitcoin's more main function is to record and store transaction data on the chain at any time.

The Ethereum virtual machine, as its name suggests, is an abstract machine built on the Ethereum blockchain, which can isolate the programs running on it from each other and separate from the main chain.

NFT data aggregation platform NFTGO.io reached a cooperation with Korea University Blockchain Research Institute

loopgyu@newsletter.paragraph.com (loopgyu) — Fri, 15 Oct 2021 16:04:53 GMT

NFT data aggregation platform NFTGO.io announced that it has reached a cooperation with the Korean University Blockchain Research Institute. The two parties will jointly develop NFT transaction data analysis and NFT evaluation models, and use this as a basis to develop personalized recommendation models for users. In addition, as one of the research fields of the Korea University Blockchain Research Institute, the research institute and NFTGO.io plan to jointly research and develop NFT and metadata trading platforms. In the future, Korea University will provide NFTGO with corporate relations and research resources in Korea

What is a game of earning while playing?

loopgyu@newsletter.paragraph.com (loopgyu) — Thu, 14 Oct 2021 14:38:37 GMT

The play-and-earn game model embraces the concept of an open economy and financially rewards users who increase value by playing games and investing time in the game ecosystem. In the past, people thought that games were just a form of entertainment. With the emergence of new game types, this view is now changing. These games are not only fun, but also attractive investment opportunities. Speaking of investment, recently, large venture capital companies have invested a lot of money in this industry. In the 18 months ending in 2019, investment in the global game industry reached 9.6 billion U.S. dollars. In the first half of 2021 alone, 24 blockchain-based game companies received a total of 476 million U.S. dollars in investment.

Recently, games like Axie Infinity and The Sandbox have become popular, and one thing they have in common is their economic system. Taking the traditional game "The Sims" as an example, players can use in-game currency to purchase in-game assets, but these currencies and assets have no real-world value. This is because there is no liquidity infrastructure in the game. Another traditional game World of Warcraft "World of Warcraft" also has a market where players can buy in-game assets and exchange characters, but this market is very loose. Blockchain technology combined with the play and earn model solves all these problems.