The Calm Before the Storm
Enjoy the last moments of relative peace and quiet before the Shimmer Floodgates open.
From the editorial desk …
[ - by DigitalSoul.x ]
Wait… what is that? Stop for moment and center yourself… Can you feel it? Shimmer is right around the corner and the excitement is building up to a frenzied crescendo! Soon we will be awash with a myriad of new functionalities for the IOTA ecosystem. It’s tough to contain the excitement, but we will try to help you bide the time. Let’s dig in to the notable IOTA happenings over the last month.
ZK Rollups for Smooth Brains
[ - by DigitalSoul.x ]
If you’ve been frequenting the IOTA Discord lately, you may have seen some posts claiming that ZK Rollups are the future and will usher in a new era for the protocol. But what are ZK Rollups, and why should we care?
tl;dr: A Zero-Knowledge (ZK) Rollup is a means of verifying and bundling a number of digital ledger transactions off-chain via Smart Contracts so they can be anchored to the underlying base layer (the Tangle in our case) all at once, vastly improving the scalability of the base layer.
To learn more, read the full article by clicking the following link:
The Time to Act is Now
Promotional Content
It’s times like these, when the most pivotal decisions for our future are being made. If the ongoing pandemic has shown us anything, then it’s the ing holes in many political and social systems around the world. We have to face reality, the most existential threat to humanity: Climate change. Geopolitical events such as the Russia-Ukraine war have only exacerbated this problem. Consequently, Germany, for instance, is set to reactivate its coal-fired power plants, a technology that is demonstrably harmful to the climate.
Source: University of Twente
We, as humanity in general and as IOTA community in particular, need to find ways to reduce our footprint. 1971 was the first year that humanity used more resources than the earth produces in the span of one year, known as “Earth Overshoot Day”. Since then, the date of the overshoot day has moved steadily forward. This year it was on July 28th, meaning we are using resources that the earth can’t produce in time, for 5 out of 12 months.
The message is clear: If we don’t act now, it will be too late. The effects won’t unfold immediately though, so we will be in for a wild ride in the next decades. Large chunks of land will be inhabitable, there will be millions of climate change refugees, many species will become extinct and, according to experts, the Amazon rainforest is at the verge of burning down completely, if we don’t act up now.
Wicked problems everywhere?
By definition: A Wicked problem is “a social or cultural problem that's difficult or impossible to solve because of its complex and interconnected nature”.
One example is the land use in the farming sector. Organic farming has many advantages compared to conventional farming. Although there is no universally accepted definition of organic farming, it is widely agreed upon, that the use of chemicals like fertilizers and pesticides or livestock feed additives are forbidden. Sounds good right?
Well, there’s another problem. Organic farming needs more land for its crops, because of the abandonment of fertilizers. This means that the overall environmental impact on greenhouse gas emissions is higher for organic farming compared to conventional farming.
Many times, it seems like a “pick your poison” kind of scenario: Conventional farming uses chemicals like glyphosate, which is rumored to be cancer-causing. On the other hand, the carbon footprint of organic farming is higher.
At this point, we need to face reality: We cannot wait for another decade and things to get even worse. The Sustainable Development Goals (SDG) defined by the United Nations in 2015, include goals such as responsible consumption and production, climate action, zero hunger or good health and well-being. They shouldn’t be marketed as progress, but rather be seen as warning to humanity, that there are areas where it needs to improve drastically.
Fractionalize, tokenize and democratize every type of Land
Yenna Foundation aims to help solve this problem by realizing the vision of the crypto space: Bring the power back to the people and make this planet a better place for everyone.
Yenna Foundation is a member-led community. Everybody can become an active contributor and shape the future of the project. It serves as an umbrella organization for the accompanied businesses:
YennaTech: An online marketplace to tokenize agricultural land, raise money and democratize ownership
YeniBlox: The extension of YennaTech. Enables tokenization of every kind of land
The structure of the Yenna Foundation is simple, and everyone can choose a membership level that fits their respective needs. A membership NFT costs 100 Mi and every subsequent NFT raises the membership level by 1, with a maximum level of 5:
Exclusive Members: 1% profit share, 100.000 $Yenna
Uncommon: 3% profit share, 200.000 $Yenna
Rare: 5% profit share, 300.000 $Yenna, voting rights with the team
Epic: 7% profit share 400.000 $Yenna, voting rights with the team
Legendary: 9% profit share, 500.000 $Yenna, voting rights with the team, full support to create own Digital Land Offerings
Note: The percentage of the profit share refers to the businesses that members initiate on either YennaTech or YeniBlox.
Source: Anterovium/Shutterstock.com
Changing the world for the better, together
The Plan is clear: Yenna Foundation wants to create a community of like-minded people, who genuinely care for our planet and want to be part of a change movement.
By tokenizing the underlying land using Distributed Ledger Technology, a new commodity will be created. So far, many farmers around the world didn’t have the option to raise money for their land. By enabling this opportunity, their businesses can be modernized, mechanized and optimized. This will not only improve their yield, which creates security for their families and residents, it will also reduce their carbon footprint. YeniBlox further extends this concept, making it possible to tokenize every type of land, not just agricultural land.
Yenna Foundation aims to extend its services across multiple chains in the future, to enable as many people as possible to participate. Land Tokenization will be rooted within the IOTA EVM to allow for a maximum of interoperability with different chains and frameworks.
For this project to be successful, we need you. While creating a new type of commodity that enables a whole new world of possibilities is a game changer, it also comes with a new set of challenges. Regulations need to be developed because countries have different requirements and the word must be spread between farmers, politicians, lawyers and interested people in general.
If you want to change the world and create a better future, join us. We can’t change the world alone, but we have to start somewhere.
If you want to learn more about us what, and we stand for, join our socials:
Instagram: yenna.tech
Twitter: @YennaTech
Discord: discord.gg/YennaTech
To buy our NFTs on Soonaverse you need a Metamask, Soonaverse and a Firefly or TanglePay account.
Useful resources:
Creating a Metamask account: https://docs.soonaverse.com/en/all-users-getting-started/installing-metamask/metamask-desktop
Adding IOTA EVM network: https://docs.soonaverse.com/en/all-users-getting-started/installing-metamask/metamask-desktop/adding-the-iota-evm-network-desktop
Firefly User Guide: https://wiki.iota.org/wallets/firefly/user-guide
Alternatively, you can also use TanglePay, which directly supports buying IOTA tokens in the app.
To use TanglePay, follow this Guide: https://faqs.tanglepay.com/general/how-do-i-install-tanglepay (Available for iOS, Android and Chrome)
IOTA_India Interviews Kumar Anirudha [IF]
[Editor’s note: The ICCD’s tamasik reached out to IOTA_India to suggest an interview with IOTA Foundation Developer Advocate Kumar Anirudha. A meeting was scheduled and tamasik transcribed the interview for the Daily Degen readers.]
“But remember this, I am saying this in general: sometimes it feels like there’s nothing happening, no announcements. But things actually keep happening. It’s just that this is the way MNCs work.”
“That aside, now with IOTA 2.0 coming up, let’s try to organize local events and gather up people. People like you and me, we could organize some small events first, and later bigger events as part of larger meets, maybe even invite some speakers from the IOTA Foundation.”
FUD of the month: Controversies, Confusions, and Clarifications
[Editor’s note: In this section, we highlight certain confusions and controversies in the community. Our goal is not to inflame the situation further or to take sides, but to offer a platform for the relevant parties to present their side of the story.]
The following excerpt of a Twitter thread by IOTA (@IOTA_crypto) [NOT an official account, despite the name] offered the most FUD worthy content we could find for this issue:
Rob Daykin (AKA Kappy) took a bit of time to address these accusations:
Rather than offering an opinion on this exchange, we present it here for our readers to do their own research and make up their own minds. In fact, until this exchange occurred we were having difficulty finding any FUD. The community has been strangely quiet in this regard lately…
Community Member Spotlight: Vam (@CryptoVam)
[Editor’s note: In this edition, _tamasik_ from The Daily Degen has a few questions for Vam — the musically gifted, self-proclaimed vampire who also frequently promotes IOTA on Twitter. Do write to us if you have someone special in mind that we should contact soon.]
“I am in Mensa and I am naturally driven to find logical reasoning and I often enjoy tackling others’ reasoning. In the name of crypto, I hardly ever met anyone giving logical, sensible and realistic answers. The IOTA community is the first, some gave mathematics reasons as to why IOTA, some gave others. And all made sense to me.”
Click the link below to read the full interview.
What’s new in Moonaco?
[Editor’s note: In this edition, ICCD member Ness summarizes a recent episode of The Moonaco Podcast. ]
Moonaco Podcast 32: In this episode, Thomas was joined by Vitaly from the GAT Network.
GAT Network is a multichain toolbox for NFTs that was launched on the Binance Smart Chain in May 2021. GAT is not a single on-chain project, but rather a set of connected on-chain projects focused on NFTs, Trading and Gaming.
It all started back in 2020 with the idea of a NFT game. The first game they launched was a Play-to-Earn game named “Alchemy Toys”. Players can collect NFTs that function as playing cards and combine them to create new cards of a higher value. They also have the opportunity to burn their whole collection and receive a share of the treasury.
But there was one problem: no marketplace on the BSC provided the features that were needed for the game. So, the team of GAT Network decided to develop their own marketplace: MintedVodka. MintedVodka is a multi-chain marketplace that has several unique features like flexible trading and layer minting. The platform also gives indie game developers the possibility to participate in the NFT market, just as digital artists do right now by offering Game Minting and Software Minting. Never heard of Software Minting? Instead of a digital picture, the NFT you mint contains a software package that you can download and use as long as you own the NFT.
So, what has this to do with IOTA? Roman Semko and Vitaly, two of the founding members of GAT Network, originally come from the IOTA ecosystem. In 2017 Roman helped to develop some of the node software for IOTA. As soon as IOTA announced that Smart Contracts would soon be available on the assembly, there was only one logic consequence for the team: come back home and build on IOTA. Currently GAT Network is working on the second version of MintedVodka which will then be released on Shimmer and Assembly. The goal is to become the place to be for NFT projects and creators on the Assembly network.
As always, we at the Daily Degen are super-stoked about the IOTA content put out by Kutkraft and SpecWeekly. The information is put out in such a humorous and engaging way that it’s tough not to get caught up in the excitement!
Check out the latest episode about the ways IOTA could be integrated into the global bar code standard for products. This is HUGE!
And that’s a wrap! Please like, share, smash that subscribe… or better yet, join us! Do you love to write? Passionate about the IOTA ecosystem? Do you have a project to share? Master at making memes?
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Special thanks and honourable mentions to all the hardworking ICCD degens who contributed (in the form of written, editorial, design, advisory, and memetic support) to this edition: DigitalSoul.x (Rob), Mart, Ness, WaywardRaspberry (Surfyce), IOTA_India, and tamasik, as well as CryptoVam.
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