#Bitcoin @BozoBenk 🏦 @MalleableGold 🪙💰 Opinions my own not financial advice
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History and Evolution of NFT
The history of NFTs, or Non-Fungible Tokens, is a fascinating tale, but where it is heading moving forward ?
Let's have a look how did it started:
The first NFT in history is shrouded in a bit of mystery and debate. However, the consensus points to "Quantum," created in 2014 by Kevin McCoy and Anil Dash, as the pioneer. "Quantum" was a groundbreaking piece, far ahead of its time.
The term "NFT" gained significant traction in 2017 with the launch of #CryptoPunks, a collection of 10,000 unique characters on the Ethereum blockchain. These pixelated characters became highly sought after, with some selling for millions of dollars. CryptoPunks are widely considered to be the original #NFT project, marking a significant milestone in the history of NFTs.
Another notable project that contributed to the mainstream adoption of NFTs is CryptoKitties. Launched in late 2017, CryptoKitties allowed users to buy, breed, and trade unique digital cats on the Ethereum blockchain. The project became so popular that it congested the Ethereum network, demonstrating the potential impact of NFTs on blockchain technology.
The Bored Ape Yacht Club (#BAYC) is a more recent addition to the NFT world, but it has quickly gained massive critical acclaim. Created in 2021 by product studio Yuga Labs, BAYC features 10,000 unique NFTs. The collection has become a status symbol in the NFT community, with celebrities and influencers showcasing their apes on social media.
As exciting they were they are quiet limited in just being jpeg's with rarities on the blockchain.
With the birth of BRC-20 Protocol on 08 March, 2023, the magic continued to unfold with the introduction of the #Bitcoin NFT Marketplace.
Later in year 2023 inspired by BRC20 the SPL20 standard was introduced as a significant advancement in token standards on the #Solana blockchain. It allowed for seamless communication between fungible and non-fungible tokens, laying the groundwork for a thriving DeFi ecosystem.
Now that is where things starting to get exciting and evolution of NFT begins...
SOLS is first token issued under SPL20, but it has not drawn wide attention.
In December 2023 came project called @bozoHYBRID that introduced Hybrid DeFi, NFTxToken (can learn more from them reading this thread: xitter.cf/bozoHYBRID/status/1758… ) model and brought attention to the space by becoming the most expensive NFT sold on Solana blockchain.
Let's dig a bit deeper and discover what they brought to this NFT or Hybrid DeFi(NFTxToken) evolution.
Their NFT's are backed by tokens (NFTxToken - one NFT = 800k tokens, with total supply of 1000 NFTs or 800 million tokens) which to me sounds like the obvious next level and natural evolution to the previous generation of Non Fungible Tokens like CryptoPunks and BAYC due to the concepts like:
- NFT deflation via token distribution
- NFT exposure via fractionalization
- Two-way liquidity portals
- Built in trustless, permissionless and decentralized OTC (which is multi billion dollar industry)
- NFT hedging via synthetic USD
- Cross market arbitrage liquidity injections
Then they went a step further introducing Solana Hybrid Standart @GoHybridApp introducing bozoHYBRID Gold nugget's PFP's (profle picture collection). Which requires 80k tokens that are locked in to an escrow and you get Gold Nugget profile picture (they look fabulous if you ask me).
So, SHS(Solana Hybrid Standard) allows any NFT (or memecoin to create a PFP and back it by their tokens) to be backed by their own token making it more accessible for wider public meaning if NFT is worth millions of dollars you are still able get $100 exposure through tokens.
And that's not it bozoHYBRID hinting to us that they are ready to change the game one more time (see here xitter.cf/bozoHYBRID/status/1785… ). Let's wait and see what bozos got for us this time.
Now lets explore a bit of a game theory that this evolution brings. Imagine memecoin like $wif that has over 130k holders going Hybrid and introducing 10k PFP collection backed by let's say 1 wif token each. Now there are 130k holders but only 10k PFP's what would the price be of this PFP on the secondary market ? I will leave that for you to decide...
Potentially this technology could be used in RWA (real world assets) by putting it on blockchain and fractionalising it.
You just have to get creative here I'm pretty sure there are many more ways to utilise this tech...
Thanks for reading
Think of an extremely limited edition Lego set that everyone wants
And each piece in the set is extremely rare and released in quick stages to the public, but is cheap
Everyone wants one, everyone can afford it, but there’s simply not enough to go around
All pieces are needed for completion
A completed set is insanely rare
That’s crypto alchemy via hybrid DeFi
That’s what’s coming very soon ™️
Hybridio
new @FrakshaProtocol update just dropped
you can now pick up to 6 characters of your token address
finally your coin's address can say something instead of looking like a cat walked across the keyboard
it's still the same launchpad underneath: live on solana, fixed or scheduled shrinking supply, and creators keep 80% of the 1% trading fee and a shrinking balance with a rising unit price
You can now launch your token with a custom token address, up to 6 characters, at the start or end 🫡
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crypto really launched the same dog 40,000 times and called it innovation
at least @FrakshaProtocol is trying a different mechanic
fixed supply or scheduled shrinking balances. live on solana. creators get 80% of the 1% trading fee
before someone posts a calculator: fewer tokens + higher unit price ≠ free money. check what your whole bag is worth
still experimental. fraksha-only trading
different mechanics don’t guarantee a good project
but they give us something to argue about besides which dog has the best hat
Fraksha offers something different to explore, not just another ticker to watch.
Live on Solana, it makes supply part of the experiment. Token balances shrink on a published schedule, changing the relationship between the number you hold and the price you see. The interesting question isn’t whether the chart rises mechanically, but whether a community can build lasting demand around that design.
For creators, there’s another reason to explore: configurable supply mechanics and 80% of the platform’s 1% trading fee. That income belongs to creators, not FRAKSHA holders.
Explore Fraksha
ok boys $FRAKSHA is officially live on Solana
official market -> app.fraksha.com/token/AYtaB6…
I built this in stealth, not a single fucking soul knows this is launching or what it even is, until now
Fraksha Protocol creates programmed scarcity. Every minute, token balances shrink, including the tokens in the liquidity pool. The LP's USDC does not shrink, so the price per token naturally goes up
we like the charts that go up
$FRAKSHA is Fraksha Protocol's official token
We're starting on @solana, but have @ethereum, @base and @RobinhoodCrypto launchpads built, tested and ready to go
FRAKSHA token will aggressively reduce its supply, this is the schedule:
Launch — 15 trillion
Year 1 — 15 billion
Year 2 — 15 million
Year 3 — 866,025
Year 4 — 50,000
Year 10 — 30,000
Year 1,000 — 20,000
Each of the first four years has four stages of deflation. The first 90 days are the most aggressive, then it slows down through the next 90, 90 and 95 days
At launch, I bought and burned over 7% of $FRAKSHA’s starting supply. I built this into Fraksha Protocol too, creators can buy their own token at launch, choose how much of that purchase to burn, and earn a Genesis Burn badge
FRAKSHA uses custom on-chain "shares". For now, use Fraksha to view the chart and trade, and connect your Solana wallet to see your holdings in our trading terminal. Standard wallet token lists and trackers like DEXScreener/birdeye need a Fraksha integration. We’ve already reached out to wallet teams about direct support
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Check this if you haven't seen it. Add a spice of privacy and you got perfect recipe for billions
Ansem @blknoiz06 was recently on @notthreadguy's podcast and they talked about hybrid meme coins
Why bozo hybrid make sense:
1. PFPs are here to stay, $bozo holders can use their Hybrid PFP on socials to rep $bozo while growing the meme coin Kult
2. bozo Hybrid PFPs are backed by $bozo itself, thus soft-locking the coins, 48% of all $bozo is currently soft locked (384M $bozo), leading to a very low coin float
3. bozo Hybrid NFTs are non-dilutive to $bozo, meaning all of the value from the NFTs flow back directly into $bozo itself, and not to a standalone NFT collection
Hybridio
🚀@BozoBenk
: Solana's MemeTech god-emperor, bending privacy banking with xTokens – stash your gains from the IRS, your psycho ex, and that fed uncle, all "legally" (shhh, insider tip). Daily memes till 100M MC and we're helping $sol to flip $ETH into ramen. Bears double-masked coping at $75k tops, while apes edge to $28B. Newborns whispering "BOZO ALTSEASON" – don't be retarded, join the genius army! 🐻👑🏦
CA: EJPtJEDogxzDbvM8qvAsqYbLmPj5n1vQeqoAzj9Yfv3q
The Mun is back
The MUN #23
- BTC + BOZO token fusion by @TCBenk
- First 5000 NFTs minted w/ 0.1$TRUMP
- sniper.xyz/collection/trump_…
- Follow @BozoBenk for latest updates
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Most influential guy launched memecoin that went to billions instantly. Now grannys, moms, aunts suddenly startind to onboard.
Biblical time for crypto
Prepare
Yap early, yap only, yap often.
@_kaitoai is connecting AI, attention and capital with Yaps.
Just claimed my social card and I'm accumulating Yap points in real-time.
Claim yours 👉 yaps.kaito.ai/referral/93240…
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Are we doomed !?
The local bottom is likely in or close.
As mentioned on Telegram (t.me/CryptoCapoTG), I’ve been waiting for this market correction, so I’m now buying. Currently 40% exposed to the market (mostly $ENA and strong AI tokens), planning to add more at key levels or upon ltf bullish confirmations.
"In the face of uncertainty, conviction is the ultimate edge."
I'll be fully back on X soon.
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Keep making them higher lows. With everything dipping this is extremely strong chart $TOCO
BOZO still in accumulation zone. Hope you accumulating, once it's out of there dont think you will see it again at these levels.
Ca: EJPtJEDogxzDbvM8qvAsqYbLmPj5n1vQeqoAzj9Yfv3q
