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Day: June 7, 2023

SIX Protocol is supporting EVM

Posted on by Baicha Chalermlak

SIX Protocol is supporting EVM

SIX_Protocol_Support_EVM

SIX Protocol is a blockchain infrastructure that has been designed for real-world businesses built on Cosmos-rust and has been upgraded to support the Ethereum Virtual Machine (EVM), offering new opportunities for users to create decentralized applications (DApps).

 

This decision was driven by several factors, including the widespread adoption of EVM as the standard for building DApps on the Ethereum blockchain, seamless interoperability with ERC-20 and BEP-20 tokens, and enhanced compatibility for developers familiar with Ethereum’s tools.

 

With the latest upgrade next week, developers and businesses can now easily write smart contracts in Solidity and deploy them on the SIX Protocol, leveraging the vast ecosystem of tools, libraries, and developer communities built around Ethereum.

 

Additionally, It enables developers and businesses to bridge their digital assets across EVM and Cosmos via SIX Bridge.

Benefits

SIX Protocol’s EVM support offers a range of benefits. Here are some of the key advantages:

 

1. Fast transactions: With SIX Protocol’s EVM support, transactions can be processed quickly and efficiently, ensuring a smooth user experience.

 

2. Decentralization: SIX Protocol is a decentralized blockchain platform, meaning that it is not controlled by a single entity. This ensures greater transparency, security, and trust in the network.

 

3. Low transaction fees: Compared to other blockchain platforms, SIX Protocol offers relatively cheaper transaction fees, making it an affordable option for developers and businesses.

 

4. Easy access to builders: SIX Protocol offers easy access to our in-house builder, providing developers and businesses with the support they need to create and deploy their DApps quickly and efficiently.

 

5. Security and trustworthiness: SIX Protocol’s focus on security and trust ensures that the network is safe and reliable, giving users peace of mind when using the platform.

 

By leveraging the benefits of SIX Protocol’s EVM support, developers and businesses can unlock a world of new possibilities and tap into the full potential of the blockchain.


How to get start

If you’re interested in SIX Protocol and its EVM support, We plan to make the source code available, providing an opportunity for interested parties to contribute.

 

So, if you want to be a part of it, please contact us by opening a support ticket in Discord. We look forward to hearing from you and exploring how SIX Protocol can support your projects in the blockchain landscape.

 

 

 

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Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

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Chalermlak Woraurai
Chalermlak Woraurai

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Unpacking NFT Gen 2 from SIX Network

Posted on by Baicha Chalermlak

Unpacking NFT Gen 2 from SIX Network

NFT_Gen2_SIX_Network

Table of Contents

Introduction

Hello, and welcome to “NFT Gen 2 Guide” We’re excited to explore the developments in the evolving world of NFTs with you. In this blog, we’ll take a closer look at NFT Gen 2 from SIX Network.

 

NFTs have taken the art, collectibles, and gaming worlds by storm, offering a new way to buy, sell and trade unique digital assets. From art to exclusive in-game items, NFTs provide a way to own and verify ownership of digital assets.

 

NFT Gen 2 is the next step in the evolution of NFTs, bringing new features and capabilities that make it even easier to use and interact with NFT users for businesses. In this guide, we’ll dive deeply into NFT Gen 2 and explore what sets it apart from other NFTs. We’ll also provide an overview and the benefits of using NFT Gen 2. So let’s get started!

What_Is_NFT_Gen2

What is NFT?

Non-fungible tokens, or NFTs, are types of digital assets that are created using blockchain technology. They are unique, immutable, non-interchangeable, and traceable.

 

NFTs can represent many things, including images, music, videos, gifs, and even physical products. They have many use cases, such as serving as fundraising tools, event tickets, exclusive merchandise, loyalty point programs, and more. NFTs are versatile and can be used in many ways to represent valuable and unique items.

What_Is_NFT_Gen_2

What is NFT Gen 2?

NFT Gen 2 is a new project from Six Network that offers more adaptable NFT and is helpful for everyone who wants to add value to their’s businesses. NFT Gen 2 is built on Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match business needs.

 
Story_NFT_Gen2

The story behind NFT Gen 2

NFT Gen 2 was developed when people were excited about NFTs. SIX Network wanted to make NFTs more valuable in business, so we thought about how it could be used in real-life.

 

Previously, some projects offered NFT Utilities such as free rewards, but these utilities were not easy to use. For example, if a project owner wants to offer rewards like free hamburgers, NFT holders have to physically show the NFT at the counter. Then, the employee manually records that rewards have been redeemed.

 

Many owners offer utilities that are linked to NFTs, but the process of redeeming is inconvenient because the NFTs are stored on the blockchain while utilities are not. So, SIX Network aims to make this process easier. For example, with NFT Gen 2, Holders can show an NFT and simply scan a QR code to redeem a reward, without the need for manual record-keeping or verification. So, the process is more efficient and secure.

NFT_Gen2_Core_Features

Core features

1. Marking Usage Value

The business can embed the use case and redeemable inventory for the users to obtain their rights.

 

2. Point System

Dynamic Metadata allows the NFT to collect the point and work as a membership or CRM tool for the users and brands.

 

3. Proof of Attendance

Users can use the NFT as a Proof of Attendance concept as a fraud-free ticket to attend the events or complete the quest and journey.

 

4. Mergeable Attribute

Once the users have completed their task or quest, the attribute of NFT can be merged with new attributes.

 

5. Transformable NFT

Dynamic Metadata allows the collection owner to change the artwork on NFT. The business can create a business case related to artwork transformation and its attributes to create uniqueness as a symbol of use.

 

6. Delegating Gas Fee

Via fee delegation address, users can process any NFT transaction without having to prepare for a gas fee which will be provided by either the business or the collection owner.

Behind_NFT_Gen2

Who is behind NFT Gen2?

NFT Gen 2 was developed by Six Network, a leading blockchain, and decentralized financial company. They are backed by FSN, a group of over 10 public companies in South Korea.

 

SIX Network was founded in 2018 with the goal of using blockchain technology to expand business opportunities. They offer services for businesses to easily store, exchange, buy, and transfer digital assets such as cryptocurrency and NFTs.

NFT Gen 2 is run on Six Protocol, a blockchain infrastructure layer built to help businesses migrate their assets into the blockchain by issuing their tokens, including cryptocurrency and NFT, to the destination chain.

 
How_Does_NFT_Gen2_Work

How does the NFT Gen 2 work?

To understand how NFT Gen 2 works, it is necessary to understand the basics of NFT functions.

 

NFT is a digital asset that is created and stores the data on Blockchain. For example, a human portrait NFT might consist of various attributes, or traits, such as eyes, ears, nose, and mouth, which come together to form the NFT portrait.

 

In general, once NFT was created, it consists of traits as metadata on the blockchain that cannot be changed. The image and all the traits will remain the same forever, as it is permanently recorded on the blockchain.

 

SIX Network wants to overcome the limitations of NFT. Therefore, They created NFT Gen 2 which builds upon the concept of “adaptable NFT” by allowing the NFTs to be modified and breaking the limitation of normal NFTs being fixed and unchanging.

 

So, NFT Gen 2 works as follows:

Let’s say we have a human portrait NFT on the Ethereum blockchain, the NFT metadata is on Ethereum, and the picture can’t be changed. But, If we want to modify an NFT, such as adding a hat, we can use NFT Gen 2 to create a hat and link it to the “hat trait” on the Six Protocol Chain.

 

This means that the original NFT remains on the Ethereum blockchain, but additional traits can be added later and linked to the Six Protocol Blockchain without changing the metadata on Ethereum Blockchain.

 

By doing so, we can change NFT traits by simply adding NFT Gen 2 functions, and keeping data stored on the blockchain. It allows us to track and trace all past data, no matter how much it may have changed.

 

Example of how the dynamic data layer work :

Dynamic_Data_Layer
Preparation_Before_NFT_Gen2

Preparations before using NFT Gen 2

For any business that wants to use NFT Gen 2, there are two 2 main things that must be prepared:

 

1. Prepare the smart contract of the NFT. If this is not something that can be done in-house, you can hire an outsource company to work or you let SIX Network handle it.

 

2. Prepare the requirements, such as how the NFT will be used and how many will be needed. For example, a company might want to use the NFT as a membership card for 500 numbers. If a company is unsure about these details, SIX Network can consult to find a suitable solution.

 

Once the necessary preparations have been made, the following steps can be taken to set up NFT Gen 2

1. Download Binary and list available commands of the binary Create Account

2. Mint Tokens at the faucet to get coins for gas fee

3. Create NFT schema and NFT Metadata

4. Deploy NFT Gen2

5. Perform Action of NFT Gen2

6. Download and install the script

 

Read our full NFT Gen 2 Tech Doc https://app.gitbook.com/o/-LNwjTTMzXF4z4Ip3nxo/s/UOgAAChWM38m2FHlKkOf/getting-started/getting-started

 

Moreover, SIX Network plans to release NFT Gen 2 testnet for developers soon. You can follow more details at the discord.

How_To_Use_NFT_Gen2

How to use NFT Gen 2

Most people that adopt NFT Gen 2 aim to add value to their businesses. We would like to give an example of a coffee shop that wants to increase customer engagement and retention by replacing the old point-collecting program with NFT Gen 2.

 

A coffee shop, SIX Cafe, decides to launch an NFT point system to reward its loyal customers and increase engagement. Customers can buy NFTs and collect points when buying coffee, referring friends, and participating in special promotions or events. These NFTs can then be used to redeem rewards, such as discounts, free drinks or snacks, etc.

 

To participate in the NFT point system, customers must first create a digital wallet link to SIX Cafe. And, SIX Cafe might set rules and activities such as buy 10 cups get 2 snacks free. So, Whenever customers buy coffee, they will be automatically collecting points in their wallets. They can then view their activities and redeem their points when purchased.

 

Also, It will be recorded in the system, how many rewards customers redeem. To ensure that every point is valid and transparent, also avoid errors when giving privileges.

 

In the future, SIX Cafe might decide to create a marketplace where customers can buy and sell their NFTs with other users. This allows customers to trade or sell their points for other rewards or even for cash.

 

Overall, the NFT point system serves as a way for SIX cafe to reward its loyal customers, increase engagement, and create new business opportunities.

Benefits_NFT_Gen2

Benefits of using NFT Gen 2

NFT Gen 2 has many benefits depending on the implementation of businesses. Some examples of these benefits might be:

 

1.Improve security because once the data was in the blockchain. It can not be changed and is hard to hack.

 

2.Use data and analytics by tracking NFT usage, This information can help understand customer behavior.

 

3. Increased customer engagement in a more interactive and rewarding way, which can lead to increased customer engagement.

 

4. Strengthen Customer loyalty by offering rewards for customers to remain loyal to businesses. These rewards can be earned and redeemed through the use of NFTs, which can provide valuable benefits to customers

 

5. Offers unique opportunities for generating revenue such as selling NFTs as collectibles and more.

 

6. Added brand value by establishing a business as an early adopter of innovative technology, which can enhance brand reputation.

NFT_Gen2_Use_Cases

NFT Gen 2 Uses Case

NFT Gen 2 has 4 use case already which is Whale Gate Collection, Team MHRS for Maho Rasop Music Festival 2022, NFT BUAKAW1 x Amazing Thailand, and NFT Tickets at Ultra Abu Dhabi.

 

The First One is the “Whale Gate Collection,” which was exhibited at Thailand Crypto Expo at Queen Sirikit National Convention Centre during 6–9 October 2022 when visitors received the paper wallet, they were required to complete the in-booth missions to get points that are embedded in each NFT then redeemed those points for the premium gifts.

 

Next is “NFT BUAKAW1 x Amazing Thailand”. The collaboration NFT Project between Buakaw Banchamek and Amazing Thailand which NFT Buakaw1 holders will receive an airdrop for this new NFT collection. The background of NFTs will be randomly selected from 10 unique attractions across Thailand.

 

NFT BUAKAW1 exclusive collection uses “NFT Gen 2” to update or change some traits to become a new NFT. For example, This NFT Collection has an Asymmetrical Trait in which Buakaw’s NFT traits left and right are different. But when the holder uses “Mirror Potion” (Symmetric Potion) and mixes it with NFT, It will make the original NFT trait evolve to be symmetrical NFT on both left and right sides.

 

Maho Rasop Music Festival. TeamMHRS is the first collection of NFT Gen 2 used in ticketing passes for an event which this time represents an international independent music festival hosted in Thailand during 19–20 November 2022 at ESC Park, Rangsit.

 

The latest is NFT Tickets at the Ultra Abu Dhabi music festival. The festival is introducing NFT tickets that allow attendees to access exclusive benefits and experiences. These NFT tickets are available on Binance and Xclusive Launchpad Launchpad, using SIX Protocol’s Dynamic Data Layer.

Summary_NFT_Gen2

Summary

NFT Gen 2 is a new project from Six Network that offers more adaptable NFT and is helpful for everyone who wants to add value to their’s businesses. NFT Gen 2 is built on Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match business needs.

 

It can be used to improve the abilities and applied to existing NFTs and can design with business. So it can be adapted to use in many cases, for example, a ticket pass NFT, exclusive membership, track and prove fraud from using a particular NFT, and many more.

 

NFT Gen 2 works by adding traits and linking to the Six Protocol Blockchain without changing the metadata on the original Blockchain. So, we can change NFT traits by simply adding NFT Gen 2 functions, and keeping data stored on the blockchain. It allows us to track and trace all past data, no matter how much it may have changed.

 

It has benefits such as Improving security, Tracking NFT data, Increasing customer engagement, Strengthen Customer loyalty, Offering unique opportunities, and adding brand value. It already has 4 use cases which are Whale Gate Collection, Team MHRS for Maho Rasop Music Festival 2022, NFT BUAKAW1 x Amazing Thailand, and NFT Tickets at Ultra Abu Dhabi.

 

If you’d like to explore ways you can use NFT Gen 2 with your project or business, please kindly contact us via business@six.network or open a ticket in our discord server.

 

 

 

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Please don’t forget to follow us for more news and updates 

https://linktr.ee/Sixnetwork

Join Discord

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Chalermlak Woraurai
Chalermlak Woraurai

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SIX Network and BIFROST Have Partnered as Node Validators for Each Other

Posted on by Baicha Chalermlak

SIX Network and BIFROST Have Partnered as Node Validators for Each Other

SIX_Network_Partner_BIFROST

SIX Network and BIFROST, two leading blockchain network service providers in Thailand and Korea, are in partnership as each other’s Node Validators. This means that both companies will be responsible for verifying and validating transactions, ensuring the integrity and security of each other’s networks. This collaboration is a significant milestone for both companies and demonstrates their commitment to developing and advancing the blockchain industry.

 

SIX Network is a blockchain technology-based company that aims to bring businesses to the Web3 space. The company launched SIX Protocol, the blockchain layer built with toolkits conveniently made for business adoption of the blockchain. SIX Network aims to make NFTs more useful in real life by providing an on-chain data layer (NFT Gen2), which is a solution for businesses to apply utilities to NFTs.

 

BIFROST is the flagship brand of PiLab Technology, a South Korean VC specializing in various blockchain services. With the recent launch of the BIFROST Network, an EVM-compatible layer one blockchain that enables cross-chain communication, BIFROST seeks to foster a unique blockchain ecosystem that leverages its multichain technology. The BIFROST Network provides the ultimate environment to build multichain decentralized applications (DApps) by focusing on interoperability between blockchains. Aimed at enhancing the multichain user experience, Pilab Technology has also developed products including BiFi, BiFi X, ChainRunner, and Biport.

 

PiLab Technology has successfully raised funds, with an $8.4 million investment following a seed funding of $3.3 million in 2019 from some of the biggest equity firms in South Korea, such as Korea Investment Partners Co., Ltd, STIC Ventures, and other notable investors. Moreover, the native token of BIFROST’s ecosystem, BFC, has been listed in top cryptocurrency exchanges including KuCoin, Gate.io, UpBit, MEXC, and Bithumb.

 

The partnership between SIX Network and BIFROST is significant as both companies have a shared goal of promoting the adoption of Web3 solutions. It also creates new opportunities for cross-chain interactions, allowing users to leverage the strengths of both the SIX Protocol and BIFROST Network. Ultimately, this partnership will enhance the blockchain ecosystem and encourage the adoption of decentralized applications (DApps) and other blockchain-based services.

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Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

Don’t miss out follow us at:

Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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SIX Network และ BIFROST พาร์ทเนอร์กันในฐานะ Node Validator

Posted on by Baicha Chalermlak

SIX Network และ BIFROST พาร์ทเนอร์กันในฐานะ Node Validator

SIX_Network_Partner_BIFROST

SIX Network และ BIFROST สองผู้ให้บริการเครือข่ายบล็อกเชนชั้นนำในประเทศไทยและเกาหลี ได้พาร์ทเนอร์กันในฐานะ Node Validator ซึ่งทั้งสองบริษัทจะรับผิดชอบในการตรวจสอบธุรกรรม รับรองความถูกต้องและความปลอดภัยในเครือข่ายของกันและกัน โดยการพาร์ทเนอร์ครั้งนี้เป็นก้าวสำคัญที่แสดงให้เห็นถึงความมุ่งมั่นในการพัฒนาและยกระดับอุตสาหกรรมบล็อกเชน

 

SIX Network เป็นบริษัทเทคโนโลยีบล็อกเชนซึ่งมีจุดมุ่งหมายเพื่อนำธุรกิจทั่วไปเข้าสู่โลก Web3 โดยบริษัทได้เปิดตัว SIX Protocol ซึ่งเป็นบล็อกเชนสำหรับธุรกิจ และได้พัฒนา NFT Gen 2 ซึ่งเป็น On-chain data layer เพื่อทำให้ NFT ใช้ประโยชน์ในชีวิตจริงมากขึ้น

 

BIFROST เป็นแบรนด์หลักของ PiLab Technology ซึ่งเป็นบริษัทร่วมลงทุน (VC) จากประเทศเกาหลีใต้ที่เชี่ยวชาญในบริการด้านบล็อกเชนต่างๆ ด้วยการเปิดตัว BIFROST Network ซึ่งเป็นบล็อกเชน Layer-1 ที่รองรับ EVM และสามารถใช้งานได้ง่าย ด้วยการเชื่อมต่อกับบล็อกเชนอื่นๆ เพื่อสร้าง blockchain ecosystem ที่มีเทคโนโลยี multichain โดย BIFROST Network ทำให้ผู้ใช้งานสร้าง decentralized applications (DApps) ในรูปแบบ multichain ให้สามารถต่อยอดและเชื่อมโยงกันระหว่างบล็อกเชนต่างๆได้ นอกจากนี้ยังมีผลิตภัณฑ์อื่นๆ ที่ถูกพัฒนาขึ้นโดย PiLab Technology เช่น BiFi, BiFi X, ChainRunner, และ Biport เพื่อเพิ่มประสิทธิภาพในการบริการให้กับลูกค้า

 

PiLab Technology ได้ระดมทุนมูลค่า 8.4 ล้านดอลลาร์สหรัฐฯ หลังจากได้รับเงินลงทุนเมื่อปี 2563 จากบริษัทหลักทรัพย์ชั้นนำในเกาหลีใต้ เช่น Korea Investment Partners Co., Ltd, STIC Ventures และนักลงทุนที่มีชื่อเสียงอื่น ๆ นอกจากนี้ ecosystem token ของ BIFROST ที่ชื่อ BFC ยังได้รับการจัดอันดับในตลาดแลกเปลี่ยนสกุลเงินดิจิตอลชั้นนำ เช่น KuCoin, Gate.io, UpBit, MEXC และ Bithumb ด้วย

 

BIFROST ได้ระดมทุนและประสบความสำเร็จอย่างมาก โดยได้เงินลงทุน 8.4 ล้านดอลลาร์ ตามด้วยเงินลงทุนในรอบ Seed funding จำนวน 3.3 ล้านดอลลาร์ในปี 2562 จากบริษัทหลักทรัพย์รายใหญ่ในเกาหลีใต้ เช่น บริษัท Korea Investment Partners, STIC Ventures และนักลงทุนที่มีชื่อเสียงรายอื่นๆ นอกจากนี้ BFC token ซึ่งเป็นเหรียญที่ใช้ใน Ecosystem ของ BIFROST ยังมีการซื้อขายแลกเปลี่ยนในตลาดแลกเปลี่ยนสกุลเงินดิจิตอลชั้นนำ เช่น KuCoin, Gate.io, Upbit, MEXC และ Bithumb อีกด้วย

 

การพาร์ทเนอร์ระหว่าง SIX Network และ BIFROST ครั้งนี้ ถือว่ามีความสำคัญมาก เนื่องจากทั้งสองบริษัทมีเป้าหมายเดียวกันในการนำโซลูชัน Web3 มาใช้ นอกจากนี้ยังสร้างโอกาสใหม่ๆสำหรับการดำเนินงานข้ามบล็อกเชน ทำให้ผู้ใช้สามารถใช้ประโยชน์จากจุดแข็งของทั้ง SIX Protocol และ BIFROST Network ได้ นอกจากนี้ยังช่วยพัฒนา Ecosystem ของทั้งสองบล็อกเชนและเพิ่มการใช้งาน Decentralized Apps (DApps) และบริการบล็อกเชนอื่นๆอีกด้วย

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Follow SIX Network 

https://linktr.ee/Sixnetwork

Join Discord

https://discord.gg/sixnetwork

Don’t miss out follow us at:

Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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