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Updates on Nibiru and the EVM: Everything new with Nibiru
Recorded: Nov. 16, 2024 Duration: 0:51:19Space Recording
Full Transcription
I'll see you next time.
I'll see you next time.
I'll see you next time.
I'll see you then.
I'll see you next time.
I'll see you next time.
I'll see you next time.
Hey guys, we'll get started shortly.
All right, we'll get started in one minute.
All right, guys.
All right, guys.
All right, guys.
All right, guys.
Hello, hello.
Hello.
Hope you guys are all just as hyped for today's space as I am.
I'm August, marketing lead at Nibiru.
I get to work on everything from socials, content creation, co-marketing initiatives with our ecosystem dots, events, and just really all the fun things that marketers get to do.
With me is the man, the legend, the divine unique.
How's it going today, Unique?
Yeah, it's good.
Yeah, it's good to see familiar faces from the Discord community calls.
I know, right?
Let's see.
Stefan, Daniel, Kikita.
Hey, August, just a quick thing.
Your mic is a bit quiet, I think.
Oh, really?
Interesting.
Hmm.
You might need to speak up a little bit.
Okay.
Thanks for the heads up.
Okay.
One second.
I do hear some feedback.
Oh, nope.
Looks like it's gone.
It's just my luck, guys.
I always have technical issues.
Yeah, so, you know, it's pretty crazy to think about how we're already halfway through November, and 2025 is just around the corner.
And I'm not sure, you know, if you feel the same way, Unique, but this year has just flown by for me.
And it's probably because we've been busy cooking and just ticking off all those goals that we had set up at the beginning of this year.
So what is it that we'll be covering in today's space, Unique?
Yeah, I didn't have anything in particular in mind.
We'll just catch up on, you know, general developments with Nibiru.
I'll do a sneak peek at some of the, you know, upcoming progress on the EVM and other things we're excited about in the ecosystem.
And, yeah, also, part of it will just be rehashing some of the, there's a lot of things we explained or already revealed in the Discord community chill sessions that a lot of people don't know in the community.
So some of it is just like catching everyone up.
So, yeah, that's what I had in mind.
Cool, cool.
Earlier this year, there's been news released on some of the rapid developments for Nibiru's EVM.
What is Nibiru EVM and why has that been such a huge focus for the team?
Yeah, so if you recall our roadmap graphic from, like, late last year and also early this year, around the time of the mainnet, it went over quite a few things, right, which is bridge connections, development on a couple dApps, both from, like, the foundation side and then also, like, to onboard some of the ecosystem, parallel execution, and then, of course, like, the Nibiru EVM.
So you're able to address all of those, basically, of course, the EVM portion being, like, a much bigger undertaking overall, because it's a big upgrade.
But essentially, Nibiru EVM is a fully backward compatible upgrade to Nibiru that makes it an EVM equivalent execution environment.
So essentially, that means that it supports the Ethereum JSON RPC interface.
So you can write contracts in Solidity or Viper.
Usually that's Solidity, right?
And then deploy that bytecode and use tools like Ethers, MetaMask, and everything out of the box with no code changes.
So that sounds simple, but, like, what does that kind of mean is essentially that enables you to have, you know, Uniswap deployments, Alve deployments, basically anything from the Ethereum L1 or L2 ecosystem can a lot easier interact with the chain, both in terms of, like, explorers and the applications.
But basically that it means that the surface of users and apps that you can interact with grows, you know, tenfold or more, right?
So since development began earlier this year, that's been, like, our top priority from, you know, on the building side of the chain.
So we hinted at the use of, I guess the development started around halfway through the year when we first started hinting at usable releases in June.
So since then, we've been focused on bringing it to the point of, you know, security audits and mainnet readiness.
The strategy here was to keep releasing it so that builders could constantly use the Nibiru EVM releases, like, under our feet and give a lot of, like, real-time feedback or help us figure out which things to prioritize or eliminate from scope before, like, you know, developing something in isolation and then just releasing it, right?
So you guys don't get to see that as much from, like, the mainnet front end, unless you, you know, are curious and click over to testnet.
But essentially that means, yeah, so there's been huge progress there.
I mean, I guess I'll touch on that a little bit later on, on some, like, the more specific dates.
But maybe another part you touched on was why has that been a focus?
So predictably so, at least from our side.
But on the few chains we've seen add EVM support that already run another VM, which is in the case, in this case, I'm referring to maybe say network and injective both because both of those have EVM and wasmVM, right?
Adding EVM support has positively impacted their usage and utility by a lot.
I haven't checked this figure in a while, but the last time I checked, there's several billion, several billion transactions between those two chains.
And more than 90% of the transactions are EVM, even though that VM was added much later.
So it's, if that's not just one indicator, like, yeah, if you return, yeah.
So if you return to the earliest point in like Nibiru's project history, like way before it launched and was just forming in 2022,
Wasm was like the second most prominent smart contract layer after Ethereum's EVM in terms of user adoption.
Like, yeah, so Terra was pulling ahead of Solana for a short time at one point, right?
So it was becoming very popular to build with Rust based contracts as a clear choice and direction for security of performance.
But in spite of those advantages, it became more and more clear over time that the EVM was still very, very dominant and had a lot of maybe entrenched user adoption that it made a lot of sense.
Like if we were thinking of just what's the best thing to spend our time on as a development team, what could bring the most users most liquidity?
It seems like a, you know, an obvious choice.
And I think that was part of the positioning was like why Binance Smart Chain is how you see it or Tron is how you see it.
Yes, that's my two cents on that.
Gotcha. And then earlier, you also mentioned parallel execution.
I think it'd be great for you to define and just kind of go into what that is exactly.
Sure. So by default, most blockchains, you see process transactions in serial, as we say, meaning they go one after the other.
So one way parallel execution is essentially making it such that non conflicting transactions can be processed at the same time, which basically just allows you to.
It allows the chain to handle a lot more throughput of transactions.
So it's a performance. It's one way to increase the performance.
So we actually did develop that and get it to think it's just sitting functionally on a branch on GitHub.
Yeah, I don't think we'll put that right in the V2 upgrade initially because we found that it's more like there were certain aspects of it that might make it more error prone and we didn't want it to like, you know, slow down the timeline of the EVM.
But essentially, that's already code complete, too. So just to recap, Nibiru is still on. It's on its V1 for mainnet.
It's kind of a couple of upgrades that are not, you know, major upgrades.
So EVM is part of V2 and then the parallel execution update might be, you know, also part of V2, but just like a slightly later.
But yeah, it's code complete and works perfectly.
And in case I explained that too complicated, like processing at the same time basically means like, you know, if I were baking a bunch of turkeys and cereal is like I have one oven and you just bake one, take it out, bake one, take it out, bake one, take it out.
Parallel is if you had multiple ovens so you could cook several turkeys at the same time, so to speak.
Gotcha, gotcha. Love everything that's going on here.
So what aspect of the EVM upgrade will help us flourish?
Sure. So I touched on this a little bit earlier with describing why you get a larger surface of users and tools.
Essentially, one argument here is there's a lot more people that have, you know, Coinbase wallet and MetaMask and everything than there are that have Kepler and Leap, right?
So a big aspect too is EVM assets and the interchain, we're kind of, we have a nice standard that kind of combines those cleanly.
So what I'll get into that is for USDC, the main way to get it to Nibiru right now is using cross-chain transfer protocol or CCTP from Circle and bringing it to Noble.
And then you have to IBC it over to Nibiru, right?
So with having the EVM on the chain, we'll essentially be able to like connect assets and come over via Circle directly to the chain or also on via layer zero Stargate.
So that means it's in one step, people can get assets over as ERC 20s, you know, from Solana, from Ethereum, L2s, anything there.
And then there's a standard to cleanly turn those into interchain assets.
So in some sense, that means like EVM assets can be brought over to the interchain more easily, i.e. to other IBC compatible chains.
But also those can be brought over and used on the EVM very cleanly.
So that's really good from like, you know, that means it'll be very easy to bring over like Bitcoin or Frax or Doge or anything like that that already exists on other chains without creating additional fragmentation.
And then, yeah, the other part is just the strength of a blockchain in ours is probably the number of consistent users and ecosystem development.
So the fact that it makes it easier to bring more useful applications and, you know, yield opportunities and everything like that is one of the main ways that will help apps.
So in some sense, having other apps to compose with.
Gotcha. Thanks for that.
Gotcha. Thanks for that explanation.
I feel like there's so many EVM LTs launching these days, especially when you go to conferences, you know, like the joke is like there's an L2 being launched every single day.
What's the difference between a chain being EVM compatible versus an Ethereum L2, like a roll up or sidechain?
Sure. So I'll kind of answer this from the user perspective.
So EVM compatible and an EVM equivalent chains, what that means is that they can run smart contract by code written for the Ethereum virtual machine or EVM.
So this means developers can deploy Ethereum based apps, usually from Solidity with minimal changes.
And, you know, that includes so examples of this are like Tron, Binance Smart Chain, Say Network, Avalanche C chains and a whole slew of others.
So these chains are independent of Ethereum.
They don't share, meaning they don't share its security or rely on the same consensus.
And to clarify, when people say consensus, there's a term that gets thrown around a lot, but without being explained.
Consensus is how everyone agrees on which transactions are valid and in what order.
But yeah, so to make sure that everyone in the network has the same view of what happened.
Whereas execution is when you actually apply the transactions against the, you know, the blockchain binary and update the system and actually move money around and run the program, so to speak.
Yeah, so, so those, those types of chains do not share consensus with Ethereum, even though they can execute in the same manner.
Ethel 2s, they can, they, they, a lot of the different kinds actually have a, are quite different between like rollups, side chains, like the examples you mentioned, but I guess from a user perspective, there aren't that different from EVM compatible L1s.
For, for, for a, for a user.
Right.
And I back that up with saying like, you still need to bridge from Ethereum to an L2 in the same way that you need to bridge from Ethereum to a different, an EVM compatible L1.
Right.
Users can also still utilize Ethereum native apps.
So long as that application has a redeployment or is developed in such a way that you can use it across multiple chains.
So like in the case of Uniswap or GMX, there's usually a dropdown where you can switch between, you know, Arbitrum or Ethel 1 and use different RPCs.
So in some sense, I don't think there's a, to the end user, there's not a huge difference, even though the technical details can be like way different under the hood, whether that's for a ZK rollup or if you have a sequencer or things like that.
I see.
Wow.
That's really insightful.
Thank you for that.
So what's the timeline of the EVM upgrade to mainnet?
Sure.
So the, I guess the short answer would be likely early 2025.
So the recent rationale behind that is I would guess that so, so right now we're still doing the second audit, right?
So we finished the core code that we wanted to complete for bringing in EVM and it's been, you know, running on dev nets and test nets for several months, but with us still developing and adding stuff to it.
So in the mainnet upgrade on the chain may occur, you know, optimistically before like the end of December, though I see that as likely to be in early January.
And that's when we would enter a phase like we've been, we've been referring to as mainnet beta.
So essentially applications will begin to like deploy their bytecode.
We'll set up a bunch of infrastructure like sub graphs, Oracle connections, the, the blockchain explorer on mainnet, you know, switching the web app off of the way where it is now to be like the test net one where you can connect the other class of wallets and like handle ERC 20 assets.
So essentially there's like a bunch of other things to set up besides just the upgrade, but yeah, the, I expect the upper to be early, like, you know, early in the coming year.
If it's not, if not this year coming up pretty soon, we'll see after the audit, how many changes we need to make.
And then the actual launch it, what I would say is like, you know, what immediately follows the data.
That's when we'd start like really getting more aggressive with like marketing.
It's, it kind of hinges on how many technical challenges there are with setting up the, the info I just mentioned, and also requires some coordination with the, the apps, right?
Because really the launch of a feature like this is more about the applications launching on top, not just upgrading the chain.
But yeah, that should be, you know, January or February.
And yeah, we're, we've, as a project historically, we've been very accurate with our timelines.
We've not slipped any timeline.
So that, that should be a good approximation.
I completely agree with you.
You know, I feel like a lot of chains out there, you know, say they'll launch XYZ at this point, and then it just gets delayed for a year or two.
And then I also see other chains talk about an EVM upgrade and, you know, they've been building for years, but, you know, you've been able to accomplish it in such a short period of time.
I'm personally really impressed and I'm really excited for Q1 of 2025.
So you guys take note next year, Q1, there's a lot going on.
So keep your eyes peeled.
What insights do you need?
Can you share about just some recent product developments more broadly?
Sure.
So, I guess, well, it's still top of mind, I guess.
So, right.
We had the audits like we touched on.
So first we did an audit in on the EVM in October.
That was basically it had a lot of all of the pre-compiled contracts that add compatibility between some of the Cosmos SDK modules on Nibiru and the EVM, which is using GoEthereum.
We've yeah, that ran for about three weeks and was in October.
We just started another one.
If you didn't see on the Twitter, that's the an open competitive audit with Code Arena.
It's actually going on right now for for any, you know, auditors listening.
Go ahead and hop in.
There's a big prize pool.
So that'll be good.
That's we and part of why we wanted to do two is just because it's a pretty big feature.
So we wanted to make sure it's, you know, secure and there's nothing wrong there.
The other aspect, if you recall, there was an app we refer to as Nibi Perps throughout most of the lifecycle of the project.
And actually, you've you may have even used it on like incentivized testnet.
So that's actually been form being formally brought to life as SAI perpetual.
So part of that is part of the Nibiru team has been building that out and applied a lot of the feedback that we got, you know, from the past year or so to and like early innings of the project that was on testnet to make it something more strategic for like Nibiru's long term growth.
Right. So just like as a short recap, it's leveraged trading long or short, any asset using USDC or Stake Nibi.
And the index price will actually come from highly liquid centralized exchanges.
So that basically means you can have exposure on an exchange like OKEx or Binance and take the other side to hedge or build other strategies with size perps at the same time on Nibiru.
So that's actually pretty cool because it it basically gives it a lot of the utility that you see on something like GMX.
Right. And similarly, the LP model is a it's not based on like an order book where you have to be a market maker or something to use it.
You can basically just deposit and then it works like a vault product.
Right. So essentially you get back a an LP token and then you're just going to pass you passively gain from trading fees.
Right. So that's really cool because it means that you don't need to be like like a retail investor.
A retail user can can pretty easily take part in the application.
So like if they didn't want to go long or short, they can kind of just, you know, P and as we've seen on like GMX, it's a lot higher rate of return than like LP on a spot exchange.
Yeah. And then let me see. Oh, there's wallet connection support.
So if you've peeked at the testnet changes in the web app, which is just on the top right in the dropdown, we added a lot of EVM wallets.
Right. So of course we have MetaMask, but went a step further and added Wallet Connect Coinbase wallet and then actually single sign on for social logins.
Like meaning you can sign in with Gmail, Twitter, WeChat, and like a plethora of other options that make it more accessible, I think globally.
Um, so that's actually, that was actually a lot of work, but, um, yeah, something we're excited about and then let's see tool additions.
Yeah. So, uh, if you're not familiar with the term sub graph, a sub graph is basically, um, this tool you can use that indexes a lot of the EVM transactions and events that get released when contracts are called and lets you build up database tables, um, and use them with graph QL.
So we got set up with that on the testnet already.
And then when the maintenance up, we'll have sub graphs there on mainnet too.
So that's more useful for the application developers, but yeah, that was a big step.
And then the other is the Nibiru has a native Oracle module, right?
That has direct queries, um, over the, you know, comment BFT RPC.
Uh, we added a piece, an extension to the EVM that makes it accessible over the EVM.
And then from the feedback of the applications building on top of Nibiru, um, a lot had their contracts set up to use like Chainlink or Pith.
So we're also adding, uh, or have, have taken steps to add, I should say, uh, compatibility to make it that you can access the Nibiru Oracle with the interface of Chainlink or, or, well, Chainlink initially, but we'll also strive to put Pith in there pretty soon after.
Um, which is really good because it means if you're using Chainlink, you can integrate seamlessly without updating your contract.
Um, so you can use like already audited code.
Um, so those were some pretty big steps in terms of development milestones.
Um, yeah, I think that's it.
Nice.
Um, one thing I'm really excited about is it's very simple, but just while it connects and support, like for me, I've been encrypted since, you know, about 20, like late 2017.
And I just love the SSL feature or Gmail.
So I really think this feature is going to help, you know, on more, more web two users into three.
And then I also remember you mentioning that people will be able to use state, maybe inside our fun.
Can you elaborate on that a little bit more?
Like how is that possible?
Yeah.
So basically the, it has a, how would I describe this?
Okay.
So I'll use the term market.
Let's say that if you're trading Bitcoin, USD or 8th USD, that's called a market, right?
Uh, or a perpetual market.
So you can essentially all of the LPs are putting capital toward what's called a vault.
Um, so if you, if you're familiar with like GLP, there's the GL people, right?
So size version of that has a similar sort of contract that's holding the funds, except it's on a single collateral basis.
So all of the USDC capital, it goes in the same vault and then that's an LP for each market.
Right.
But then there's no restriction necessarily that says you have to use USDC as the input.
If somebody wanted to use volatile, like a volatile collateral as a deposit asset, it's perfectly valid to make markets for that.
Um, so that just adds another use case for, for Nibi.
If people can go in and, and use Nibi directly to, you know, speculate on Bitcoin or ETH or, or what have you.
Um, especially in this case with the liquid staked asset, it means they can kind of stake, but then instead of just sitting there staking, they can actually go do stuff with their capital.
Right.
So meaning hypothetically, if there was a, a, a Bitcoin, a Bitcoin bull market, they could go long Bitcoin before that walls with using the Nibi.
So that's, that's pretty powerful actually.
Um, cause it's just adding use cases for things people can do with their capital.
Um, and then, oh, another, another thing I didn't touch on is the, the size got this whole like flame imagery going on.
Right. As the, as the branding.
Um, part of that is because of it's, you know, commitment to having like built in burn mechanisms.
Right. So the, a lot of perpetual protocols gain a lot of, um, or what is it?
They, they have a fee as people trade.
And then that comes back with, of course, liquidity providers get some of it.
And then some just like flows to the protocol.
So in size case, um, a, a percentage of the fees collected by the actual protocol would go towards burning.
You know, buyback and burns for Nibi or, or for Psy if they launch a token.
Um, so that's actually pretty cool.
Cause it's ecosystem aligned from day one.
Love that.
And then I also noticed that, you know, coded estate has a pre season mainnet campaign going on right now.
And if users lock liquidity early, you know, they're getting incentives and maybe an estate, but I also saw that, that liquidity will be used inside.
Would love to learn more about that.
Yes. So Sai, I mentioned can have perpetual markets on, on any asset.
Um, so the, the project coded estate that builds, um, has an RWA app they built where you can, you know, rent.
What do you say?
I guess you can buy a percentage of real estate and then rent it out with other people.
Um, there's a, there's a few more things to their product, but it's a, it's a real world app.
Uh, assets application in the real estate world.
Right.
They, they've also worked to develop, um, Oracle feeds on different real estate markets on Sai.
So they, they've been in close partnership there.
And so that campaign was something they initially started with Bybit where you can lock liquidity to help bootstrap the platform as an LP.
But then that team will put towards incentives and then Sai's putting, uh, or Nibiru is putting up incentives as well.
And then they may have won some in the Bybit competition cause they were a top 10 app there.
Um, so yeah, basically that's a liquidity lock campaign with like extra rewards.
And then of course it, it just helps the application flourish day one.
Cool.
Cool.
And if you guys haven't participated in the code estate campaign, um, the minimum is $10.
So be sure you participate and take advantage of those extra rewards.
I also know that they're giving out like an eight X multiplier for, um, folks who lock liquidity early.
So super cool.
Honestly, like I'm pretty bullish on code estate.
Like from what I heard, just talking to Lou, like in Q1 of next year, people are going to be able to start, um, you know, renting directly from their platform.
And all of this is going to happen before token 2049 in Dubai.
So really excited stuff coming from our ecosystem gap.
All right.
So what kinds of applications will be launching on Nibiru unique?
Yeah.
So one category is prediction markets, right?
So if you're familiar with poly market, um, that umbrella of applications is called a prediction market.
So there'll be both bracket based kinds, um, which is like a tournament style, essentially where you, you select, you know, a sequence of several predictions at one time and, um, can win from that.
And then the other is the, the classic like binary prediction markets, um, meaning, you know, yes or no, Kamala or Trump, Tyson or Paul, that sort of deal.
Um, so that's pretty exciting.
Cause those are the, you know, the newer class of apps that seemed, you know, we see getting a ton of users.
We see getting a ton of usage, um, and activity on, on like Solana and other chains.
Right.
Um, another is both.
Exchanges for main coins and then also a main coin launch pad.
Um, so we'll basically have like the, the Omni pump, which is similar to like the pumps or pumped up fund model.
Um, where except that instead of it being just any, uh, any sort of launch protocol, it's required that people fair launch the token.
Meaning that, um, the LP tokens used to seed it, um, a huge chunk of them, or I think all of them actually gets, gets burned.
So what that means is the initial liquidity doesn't have like that rug risk because you don't have to worry about who created it.
It's kind of the LP pool gets created and then the meme coins just alive.
And on the open market, it's not like centrally held by other people.
Um, so not, not investment advice, but that's good because essentially it makes it, you know, make Nipiru a much better platform to launch both launch and speculate on meme coins.
Um, and then, uh, various, there's also various kinds of decentralized exchanges.
So, um, lending markets.
Um, so like we've got nebula lending, uh, layer bank and, you know, potentially other deployments there, but those are the two we, we work the most closely with.
Um, Astro vault that you probably heard about if you came to the ecosystem spotlight, uh, just recently they did a demo of some of their product on discord.
Um, and we did a space with them actually.
Uh, there's a unit swap V3 deployment for concentrated liquidity with a router that makes it easier to find competitive pricing, both from that decks and from other ones to put on the chain.
Um, and then yeah, other projects we've mentioned like Euclid, uh, protocol, they have like a liquidity layer that makes it, um, in effect, like from a user perspective, you can kind of think of as like an aggregator across multiple chains.
That's not really what the app is, but, um, what you do with it essentially is you can take multiple DEXs and combine their liquidity on both one chain and from other chains.
Uh, to feel like one application and just better essentially get better pricing.
So that'll be pretty important for the ecosystem going forward.
And a lot of the state for their multi-chain application, like lives on Nibiru.
So they, they're looking to launch next year as well.
Um, and yeah, I also didn't touch on, on lending markets.
One asset, one aspect of these that can be pretty interesting is, um, it allows you to like hold certain input capital, but then go to use another application that uses a different asset.
So we, we gave the example before, like, let's say on side perpetuals and let's say you heard about this LP pool on the space a moment ago and wanted to go use it, but you're holding ETH or you're holding, um, another asset.
Well, you can go to, let's say Lairbank or Nebula and lend capital, borrow against it in whatever you need to deposit to do the, uh, LP in a different application.
And then now you can still go earn those LP yields without getting rid of your original capital.
Um, so that'll, that'll be an important Lego with, you know, other, like more complex DeFi products or for yield vaults or, and other things like that.
Um, and let me see, oh, the, the last thing is in NFT marketplace.
So, uh, open mark is doing a deployment on Nibiru and that'll be like the main NFT marketplace.
Um, we've also been working on, uh, the Genesis collection.
I think we touched on this a while ago with talking about the, um, the airdrop, but essentially working with, um, some artists there.
Actually, August could explain more of this, but yeah, we've been working to get like the artwork done for that.
And that's made pretty good headway.
Um, which will, that'll launch on open mark, um, along with other collections.
Yeah.
I'm super excited, um, to work on this NFT project with the team here.
Um, can we reveal the artists?
Not quite yet, but let me just say, you know, she's famous and, um, she's a renowned artist based out of Japan.
And her artwork just looks really sick.
So I'm super, super excited for that.
And then going back to.
Yeah.
I was just going to say, it's not like basic eight bit artwork.
It's like really high quality stuff.
So August and, uh, both August Noel and the team has been like sourcing honestly for like months finding like the perfect artist.
So we've been seeing the mock-ups and like, honestly, I'm super excited to get it out on the, for the collection.
Um, I think I also wanted to add, you know, one thing we're also experimenting with are also DN 404s.
So not sure if you guys have heard of like ERC 404s and the Pandora collection.
Um, but we wanted to try something new.
Unsure whether or not the Genesis collection will be a DN 404 itself, but it's a unique, I guess, like hybrid of both an ERC 20 token as well as the ERC 721.
Where essentially, um, the NFT itself also has its own like token and like a, like a token supply.
So you're able to essentially kind of fractionalize it in a way where you can actually like, you know, trade the actual ERC 20 part of the NFT.
Um, there's like interesting mint and burn mechanisms.
Um, we're still kind of fleshing out the overall user experience, but, um, on day one of open marks deployment on the mainnet, um, they should be offering the support.
For DM 404s.
We're also experimenting with, um, the team at Omni.
I'm not sure if, uh, the team touched on this, but they're the ones that are working on both a V2 DEX as well as the meme coin launch pad.
Um, we're working on how DM 404s can work on the kind of like standard meme coin deployer side.
Um, just so we can add some more like unique flavors to launches.
So it's not just like traditional ERC 721s or ERC 20 tokens, but more so.
Um, you know, users or deployers can start experimenting with these new, newer, newer standards.
And, um, you know, especially as we see like the hype around, uh, meme coins, right.
Um, I think it could add a lot more flavor to the existing kind of like pumped up fun style of like meme coins where you can now actually directly attach like art to your specific like meeting coin project.
So yeah, we're really excited about that.
And, you know, we'll be continuing to push out more things related to DM 404s.
So stay tuned for that.
That's incredible.
Um, Brandon, just, just so I have a better understanding of DM 404s.
Can someone launch an NFT collection first and then their token later, um, can it work the other way around as well?
Yeah.
So that's one of the things we're trying to flesh out now.
Um, so typically a user would go on to like open mark.
Um, you would want to like have the, like the, the, the image collection all set up.
You would identify like the total supply, the NFT collection.
So you would, it, it's kind of like the chicken and egg problem in a bit, but, uh, uh, from my understanding, you do spin up the actual NFT collection.
And then, um, so, so open mark, that, that's why we're working with open mark so closely to make sure that like the overall experience is like, like very clear and not like fragmented by any means so that it's just easier for users to like spin it up.
So we'll, we'll definitely have some tutorials on like how to like spin up a DM 404.
Um, there, there might be some slight intricacies, but we want to make sure it's like, obviously not too complex because right now launching like a, a basic 721 is like fairly simple.
You just define the, uh, total NFT supply.
You add the imagery, um, the, the attributes of the NFT itself.
Um, so we'll, we'll, we'll release more information on exactly like how you would set it up.
Sounds good.
You know, I may just launch my first NFT collection and token.
All right.
Um, unique.
What is one key takeaway you hope everyone leads with today?
Hmm.
So I tried not to, I tried to do these all off the cuff.
So let me think the, uh, I guess maybe a reminder that in the, in the case of Nibiru, the teams, um,
has been and will remain super accessible, right?
Everyone stocks were, were easy to reach.
All the contributors are listed on the site.
So, um, although we've been seeing a bunch of random, like rumors surface from people trying to
flood lately in the community chats, uh, remember we're, we're right.
We're available right in the chat.
So you can, you can easily ask us anything, uh, notably more so on discord than telegram.
Um, we'd see the notifications, uh, just cause it's more curated.
But yeah, if you have, if you have questions, simply ask.
Um, yeah, we're, we're easy to reach.
And beyond today's space, how can the community stay involved?
I know that there's been a lot of fun initiatives going on, especially in our discord as of late.
Yeah.
So we have, um, of course it's definitely helpful to, um, if you're trying to support the project,
uh, follow the apps that are launching in the ecosystem, you know, um, tell people about them,
but then also ask questions on anything you're curious about.
Um, there's certain community activities we have that are more laid back.
Um, namely like a poker nights.
Um, some of those people will watch movies.
There's a trivia night.
Um, and of course, just the, the ambassador program that's been ongoing and, you know, improved a lot of our time.
So that, that gets you engaged where you're able to try applications early before they have their official launches.
Um, so yeah, for example, people have been able to test the, the meme coin launch pad and B2 decks, uh, from Omni pretty early.
And that that's helpful for us.
And then also good because they gain, they get to gain insight into like what's, what's to come on the chain early.
Um, so yeah, I would get involved with those.
We also do, um, the, they're called chill sessions, but it's essentially, uh, you know, people just join a chat for a bit and go over really anything.
It's like questions and the community members talk there.
Um, those have been pretty interactive and nice.
So I think it'd be good to, if you haven't already heard about those, join the, the discord, the discord sessions instead of just the Twitter ones.
Um, uh, yeah, that's all I can think of for now.
Yeah.
To add to that, the, uh, the chill sessions are biweekly as well.
Yeah.
To add to that, the, uh, the chill sessions are biweekly as well.
And so it's an open forum usually hosted by Papaya, our discord manager and myself and a few others from the team.
But we are, you know, always happy to like answer, you know, most questions that are asked in the discord.
And, you know, um, I think what we will also be doing going forward too, is recording the sessions and also uploading them onto Twitter.
So for folks that, you know, can't make it to certain times, we'll try to get it up.
So you guys can kind of hear the, the biweekly updates that we have, or that we will share with, uh, the folks that joined the call.
So, um, definitely make sure to join our discord.
Um, and then, you know, kind of, uh, accrue those XP points in the discord.
So you can earn a slot in the Anunnaki, uh, blossom program.
So like unique mentioned, you'll be able to test out some of our early dApps.
Um, we'll start having folks try out.
Um, so one of the prediction markets.
So one of the prediction markets is brackets.
Um, we, we just say announced the integration with, we'll, we'll definitely love to have folks spinning up some, you know, basic predictions on there alongside, um, open mark our NFT marketplace.
We'll also want people to start speeding up pseudo collections.
Um, so stay tuned for some of the dApps, um, that we'll, we'll want those Anunnaki to start testing out.
Oh, also check out our ecosystem page.
So it's, it's been, we've been updating it to have more of like an app store kind of feel, um, taking cues from, you know, like steam and other, other stores like that.
So a lot of the apps that are, we're mentioning just now, and then also that we'll be launching on top of the EVM are on the page right at the top.
So like the, you know, Astro Vol, Cy, the Uniswelf deployment, all of the prediction markets, everything's there.
And as the partners like send over content and, you know, we continue to update that it'll come to life even more.
So essentially you can get a sneak peek at a lot of the projects that are going to be launching.
Cool. Cool. And just going back to bracket, the predictions market, what I think is really cool about that is when you set up a bracket style competition, you can actually select a specific number of winners.
So it's not just, you can set up, you can set up competition with your friends and then, you know, six, three or two people can win.
So, you know, that's a really cool, unique feature, um, that hasn't been really done.
Um, unique was unique or Brandon, um, was there anything else you guys wanted to add just before we end the space?
Yeah. Yeah. So, um, in case folks weren't aware, um, we do have a good chunk of the team.
That's also currently, um, in Bangkok for DevCon conference.
Um, we've been on the ground, just trying to land some additional integration deals alongside, you know,
kind of getting like LP commitments and whatnot for the ecosystem.
So, um, things have been going well on that front, um, have a good chunk of updates.
We'll want to share in our upcoming chill session on discord.
So guys, if you aren't already in our discord, make sure to join that.
Um, we'll likely have some folks, um, that are currently in Bangkok to kind of provide some updates on that front.
So we'd love to share more about how we identify some projects that we want to, you know, source or reach out to.
Um, kind of the, uh, the BD, like the flow of like, you know, from like start to like actual integration, like timeline wise.
Like, because I think it's good for, you know, um, uh, the followers of Nibiru to understand that a lot of these deals that we're sourcing or, you know, these integrations aren't done overnight.
You know, if anything, these can take like upwards of like months from like, just having the initial conversation coming up with the actual plan and go to market of how, how we want the adapt to get like deployed to, you know, actually getting like product market fit and getting, you know, users onto the product itself.
So, um, definitely appreciate the patience as, you know, we're, we're launching a lot of different things simultaneously, but, you know, uh, continue to keep your eyes's eyes peeled because we have a lot of big integrations that we have like yet to announce.
So, um, really am excited to, uh, be able to announce those when the, when the time comes.
All right.
We've covered a lot of ground during the space.
I'm personally really hyped for VT of the chain.
Um, I want to thank everyone for joining and hanging out with us.
Catch you guys in the next space.
Thanks guys.
Bye everyone.
Bye everyone.
