Category: Educational Material

Blockchain as Explained in 2022

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Blockchain as Explained in 2022

blockchain-2022

Table of Contents

Hello there SIXers, I’m a writer at SIX Network and today I’d like to talk about the topic, in overview, of blockchain as explained in 2022. Three years ago blockchain was perceived differently from today’s blockchain definition. It changes fast and revolves around the trend of DeFi, NFT, and Web 3.0 during the past years.

 

The core of blockchain can be explained under many circumstances such as perspective from end-users, corporate, and key product managers, just like SIX Protocol that was launched early in 2022.

Simple Blockchain Guide

 

Spending time reading this article will save you tremendous time questioning while diving deeper into the technology, whether you’re interested in cryptocurrencies or how blockchain works.

 

A blockchain is basically a block tied up together into a long chain. Each block contains digital information and each block relies on the one before. The first working example of blockchain is Bitcoin. It was invented because of the inefficiencies of centralized banking institutions.

 

The specific characteristics of being decentralized make blockchain different and incredibly efficient to use. 

Who runs the blockchain?

Yes, blockchain is decentralized with no custodian, but with no miners there would be no computers running the network and no way to conduct transactions with it. Miners are essential to make the blockchain operational then they are distributed with reward for finding the next open-source block to continue blockchain. This type of algorithm is known as Proof-of-Work (PoW).

 

To this point, this is one example given to you to understand the function of it. And there are several algorithms blockchain uses for running the protocol like: Proof-of-Stake (PoS), Proof-of-Authority (PoA), and Proof-of-History (PoH) for instance.

Storing Blockchain

Continuing with PoW example, the storage conducted by nodes refers to computers storing a copy of the blockchain. It differs from miners where they validate transactions and send back and forth the information for other nodes and miners.

 

To build up the next block, miners are to confirm the block and then add it to the previous block in the blockchain. But how will the chain be created, you might wonder? The series of blocks must be validated. Now nodes will take charge of verifying all transactions, sending the new blocks to other nodes holder as a new copy.

 

Furthermore, I would like to introduce a protocol you might want to have a glance at powered by SIX Network. SIX Protocol chain will contribute to the community in many ways whether business or individual to have access to a friendly protocol.

SIX Protocol as The Chain of Choice 

SIX Protocol is a determinant extension that serves as a blockchain for individuals and the business sector. The protocol is designed to assist projects and businesses enabling the power of Web 3.0. 

 

There are many blockchains to choose from, why is the SIX Protocol beneficial for enterprises and individuals?

It is a notable point to start a mainnet that has the ability to connect with multiple blockchains. The infrastructure feasibility for projects and businesses to create new scalable decentralized apps.

 

Mentioning one of the SIX Protocol’s Toolkits, Token Autonomy Management allows users to create and manage their digital assets whether it is a cryptocurrency or NFT so-called Initial Asset Offering (IAO) service.

 

Governance token on SIX Protocol is fueled by SIX tokens which is the cryptocurrency used for spending transaction fees, governing the system, and redeeming the services on SIX Protocol.

SIX Protocol’s Validation System

Proof of Staked Authority or PoSA is backing up the security system throughout the SIX Protocol chain. It requires verification and approval by the majority of network nodes to validate a new block of transactions.

 

Validators are prone to keep transactions in the blockchain running, it is the most reliable and secure consensus algorithm. SIX Protocol’s Node Validators are selected as trustworthy entities to secure nodes. 

 

NFT Gen 2 by SIX Network 

On top of that, SIX Protocol is eager to introduce the data layer made definitely for NFT. NFT Gen 2 is the on-chain solution of SIX Protocol to enhance the real utility of the NFT for business use.

 

The property for cross-chain functioning on SIX Protocol makes it easy for businesses to transfer NFT for any existing collection of the chain. One interesting feature is the ownership oracles that can screen for original content. Better suited for businesses and brands to be able to verify the ownership even though the NFT Gen 2’s metadata on SIX Protocol can be modified will serve the needs of business campaigns and activities.

 

Learn more >> https://sixprotocol.com/

Summary:

 

SIX Protocol will become an alternative chain of choice for businesses needing to implement Web 3.0, bringing off-chain business to come to the blockchain side of the internet. Implementing SIX Protocol’s toolkits will ease the process of tokens or NFT issuing with the property of cross-chain functions.

 

Therefore, blockchain technology is not something complicated if you understand the working system and the components of a blockchain. Though it evolves in many ways from layer 2 or side chain, all in all, blockchain technology mainly concerns peer-to-peer transactions cutting out intermediaries and inefficiencies.

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We are fascinated to hear from you about your on-chain project, email us if SIX Protocol is your blockchain of choice Email: business@six.network

Don’t miss, out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Content Marketer Specialist
Prepare to fly higher with the new technology and innovation that SIX Network will provide!

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Case Study of NFT Gen 2, The Whale Gate Collection

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Case Study of NFT Gen 2, The Whale Gate Collection

case-study-whalegate

Table of Contents

The short story of the first NFT Gen 2 Whale Gate Collection talked about the time it was showcased at Thailand Crypto Expo 2022 during 6-9 October 2022 bringing to visitors the experience of how the virtual asset come to life.

 

Many attendees have given attention and are interested in the experience they never had before. Moreover, giant enterprises are seeking the opportunity to use blockchain technology, and it seems that NFT Gen 2 by SIX Protocol is giving out the agitation for their nearer future.

Case Study Whale Gate Collection: Register, Mission, Redeem

The first debut of Whale Gate Collection, at SIX Protocol booth we created the experience users and visitors to try like never before. NFT Gen 2 Whale Gate Collection comes with a real use-case that was demonstrated with Mark Usage Value and Mission + Transformation. >> Read full article <<

 

In the booth, there are three stages to get involved using the NFT we give out for free (exclusive for attendees only) in a paper wallet form. First, when visitors come to visit, you are urged to register at the registration point to clarify attendance whether you are whitelisted or a walk-in visitor to claim your Whale Gate NFT here.

Second, you can join our activities to transform the NFT experience into real-life usage that can be used in our booth. By participating in our missions your NFT will be able to stack up “points” and when completed the NFT will transform into another tier as a sign of completion.

And finally, your stacked-up point in the NFT can be used for price redemption at the booth for SIX Network’s premium gift. To redeem, staff will scan to see the points you have and mark it up as used for 1-time usage.

 

To get the big picture, if the NFT has a total of 600 points in it and you need 400 points to redeem a SIX Protocol cap, points will be deducted – marked as used. There you go, now you have joined the fun already along with the experience of using NFT in real life.

Maho Rasop Music Festival, NFT Ticketing

Integrating NFT Gen 2 for enterprise is our goal to generate a capacity of usage for the entire ecosystem. Maho Rasop Music Festival is the first to use NFT Gen 2 as their product which is a ticket pass for the music festival during 19-20 November 2022 at ECS Park, Rangsit.

About Maho Rasop (MHRS)

Heineken® Silver Presents Maho Rasop Festival 2022, Bangkok’s first international independent music festival promoted by three music entertainment companies Have You Hear?, Seen Scene Space, and Fungjai. This year is more special than before with TeamMHRS NFT collection used for ticketing pass with privileges holders will have.

“These are the collection of 625 utility-enabled PFPs that feature a richly diverse and unique pool of rarity traits. In addition, each TeamMHRS unlocks exclusive benefits, membership, and upcoming surprises the longer you HODL it.”

The NFT Ticketing involves the use of SIX Protocol’s Dynamic Data Layer to integrate the utilities for this brand new experience this year!

 

1. Maho Rasop Experience #2

2. Limited edition Maho Rasop merchandise

3. Dedicated Entry Lane

Bottomline

NFT Gen 2 Whale Gate Collection was just the first step to something new and something bigger. We’ve seen through it that demonstrating and creating an experience for the digital collectible to real-life applications can lead to more dynamic dimensional use.

 

Moreover, businesses and entrepreneurs, during the booth visits are interestingly wondering how can they get involved with NFT Gen 2 by SIX Protocol and are getting connected with the team. This has become phenomenal to ventures and seek forward to the opportunity to grow, innovate, and make digital assets come to life.

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If you want to make your NFT of your own or you do have a business to run and needed renovation to the system contact us at business@six.network or open a ticket in our discord server.

Don’t miss, out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Content Marketer Specialist
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Everything You Need to Know About NFT Gen 2

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Everything You Need to Know About NFT Gen 2

why nftgen2-02

Table of Contents

It’s been a minute since we introduced NFT Gen 2 to everyone. Some may wonder, “what is NFT Gen 2?” and “how is it different from normal NFTs we see today?”

 

In this article, we invite you to dig deep into the NFT Gen 2 land.


Are you ready?

TLDR;

 

– NFT Gen 2 is a Dynamic Data Layer that runs on the SIX Protocol Chain

– NFT Gen 2 allows NFTs to be integrated with business needs such as marking usage value, utilizing point system, and many more

– NFT Gen 2 can be utilized on any blockchain network

– “Whale Gate Collection” was the world’s first-ever NFT Gen 2 collection which is now available for everyone to explore on the Xclusive marketplace.

– Everyone can contact the SIX Protocol team directly to integrate NFT Gen 2 into your project.

What is NFT Gen 2? 

 

By definition, NFT Gen 2 is a Dynamic Data Layer that runs on SIX Protocol, enabling NFTs to match any business needs. 

 

Before we get into the details, we first need to understand that NFTs usually come with utilities, for example, an NFT that has the utility for holders to attend an event. These utilities can be curated by the NFT creator or business partners, which can be many things, such as marking usage value, utilizing a point system, and many more.

 

If we look at the same example of NFT as an access pass to the event, we will see that NFT Gen 2 can fit right in since it can track and trace any NFT usage. To be precise, if that NFT has been used, the dynamic metadata will appear so. This will prevent fraud and enhance the overall quality of each sale on the secondary market since collectors can verify whether the NFT still has unclaimed utilities.

Explore more on NFT Gen 2 here: sixprotocol.com/nftgen2

Example of the unique uses of Metadata

Mark Usage Value 

 

One of the most apparent use cases for the NFT Gen 2 is its ability to track and trace the NFT usage, which means that we can now mark the usage value of that NFT. 

 

For example, an NFT can redeem premium dine-in experiences for 3 meals. Usually, we would need to find a way to track the usage of how many times the holder has redeemed the meal since the original Metadata shouldn’t be manipulated. With NFT Gen 2, on the other hand, everyone will be able to see the current status of the NFT utility.

 

Point System 

 

For the first time ever, NFTs holders can participate in any community event or activity and get points distributed through on-chain transactions! It is fascinating to see how NFT Gen 2 can make that happen without manipulating any original metadata. 

 

Mission Setting + Transformation 

 

Another use case of the NFT Gen 2 is for any business to set up missions, such as checkpoints, spending amounts, and any other tailored made activity for holders to join in. The highlight of this use is the fact that the NFT can be transformed once a specific condition has been reached, for example, by completing three missions.

 

Here’s an example of NFT transformation from our Whale Gate collection:

The first-ever NFT Gen 2 Collection, “Whale Gate.” 

 

On 6-9 October 2022, SIX Network attended Thailand’s Crypto Expo at the Queen Sirikit National Convention Centre, where we introduced the first-ever NFT Gen collection named “Whale Gate Collection.” 

The collection was given to the event attendees in the form of a paper wallet, along with a set of missions everyone could participate in. Our team really had a blast at the event!

 

If you’d like to learn more about the Whale Gate collection, you can read about the collection story here

NFT Gen 2 Use Cases

 

Apart from the collection debut at the Thailand Crypto Expo event, one of the main highlights of NFT Gen 2 is its ability to be integrated with NFTs from any blockchain network!

 

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 

 

If you want to explore the Whale Gate collection and see how the Dynamic Metadata is being displayed, you can visit the collection page on Xclusive and Opensea!

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Khanathat Chowpradith
Khanathat Chowpradith

Web3 Marketer | Passionate Writer | NFTs enthusiast

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A Short Chronicle of Whale Gate Collection and The Supporting Marketplace on Xclusive

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A Short Chronicle of Whale Gate Collection and The Supporting Marketplace on Xclusive

story-of-nftgen2

The world of NFT will never be the same when many more projects are bringing utility to the Non-fungible Token. In this article, we will talk about the interesting factors of the world’s first-ever NFT Gen 2 that was showcased at Thailand Crypto Expo 2022 6-9 October 2022.

 

Whale Gate Collection is the first NFT Generation 2 developed by SIX Network. The unique features and abilities that this genre of NFT will allow a community to enjoy the practical experience of the NFT they hold.

The storyline of Whale Gate Collection

The story of how the Whale Gate Collection began 2 months ago with SIX Network production team’s intention to portray a set of NFT collections applying our technology to the existing overachieving hit.

 

The project “NFT Gen 2” was in our roadmap and was the first project to be birth on SIX Protocol’s chain. Let’s get back to the beginning when our production team first got the assignment to create a demo for the public to experience the feasibility that NFT can be more than just a collectible and interchange the word “Non-fungible” to fungible in its use.

 

The up coming event to attend the exhibition at Thailand Crypto Expo 2022 in October was our window to demonstrate Gen 2 layer’s abilities. But before every other thing, we must first have our own NFT first.

"What should it be?"

The question rings in the team; a whale = symbolic use to call a group of crypto holders with a large amount in their wallet. Then the team manages to throw back the idea and came back with another comment to add a prism between the whale’s body.

 

It does look like a gate with the whale floating and as simple as that comes the name: Whale Gate.

WHALEGATE#066

The highlights of the NFT generation 2 are:

➖ Fraud and duplication prevention using another layer to identify the origin of an NFT

➖ Real-life application that can be used for a ticket pass, privilege redemption, and more.

➖ Options to modify NFT metadata

➖ Dynamic + Static Metadata systematic on the NFT.

Xclusive the Multichain-based NFT Marketplace 

SIX Network, Handstudio, and Xeno Xclusive(ly) launch our first NFT marketplace to support multiple chains of Klaytn and Ethereum to pack in with the wave of NFT trends in South Korea. 

 

Fast forwarding during the expo was held, the NFT Gen 2 giveaway activity was the highlight at SIX Network’s booth which we are giving out the Whale Gate Collection in the form of paper wallets exclusively for attendees.

Experiencing the Gen 2 of NFT, attendees will have to complete the in-booth to get points that are embedded. At this point is where the Dynamic Data Layer comes with IPFS and oracle to modify the layer base of metadata to track and trace activities happening to the NFT.

 

And what next? At the exhibition we introduce Xclusive Marketplace, led by Fingerlabs, presenting the multichain-based NFT marketplace launched on the 1st of September 2022. Read more.

The starting launchpads are Bellygom, Sunmiya, Meta Kongz, Mutant Ape Yacht Club, and more; now listing Whale Gate Collection by SIX Network on Klaytn Mainnet.

 

SIX tokens will be used as a medium of payment on Xclusive for every Klaytn-based project which is a crucial milestone for SIX holders. SIX Network is proud to present our very own first collection of NFT with dynamic data which hopefully will be the new phase adoption for NFT users and business sectors.

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Napathsorn Unchit
Napathsorn Unchit

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The Basic Idea of Validators vs. Miners

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The Basic Idea of Validators vs. Miners

pos-vs-pow

Table of Contents

The verifiers of blockchain transactions are generally scoped down to two main groups of the consensus algorithm. This “verifiers” position are commonly known as validator and miner, they have the same legitimacy to help blockchains validate information, synchronize data, and process transactions. Though, both have similar task to accomplish but it’s the procedure that make the difference.

Distinguish between Validators vs. Miners

The validators are amended to Proof-of-Stake (PoS) which validators are the ones building the block of the chain enabling tasks for checking transactions, verifying activity, voting on outcomes, and maintaining records.

 

To become a validator is to “buy into” the position means that token owners will have to offer their tokens as collateral for the chance to validate blocks. Token owners who staked their coins will become validators and receive transaction fees as rewards. 

 

Miners are found in Proof-of-Work (PoW) blockchain network, their task is to solve complex mathematical equations to complete the requirement of becoming nodes for a chain. 

 

Miners usually need to invest in highly advanced equipment, powerful computer RIG, and energy power to run the work. As the name suggests, as proof of work, miners rely on the amount of work they input to receive block rewards.

Behind The Scene of Verification Mechanism

Proof-of-work and mining need to solve a mathematical puzzle known as the proof-of-work problem to create a new group of trustless transactions or blocks on a distributed ledger called the blockchain.

 

Transactions are bundled into a block, miners jump in to verify the block legitimacy then rewards will be given to the first miner who solves each block problem; this process is called inverse hashing.

 

Proof of stake and validators is the consensus mechanism introduced by Peercoin and then secondly by the Ethereum chain. It is virtually portrayed by locking up the ecosystem token in the chain which is known as staking.

 

The overall purpose stays the same on both blocks proving the only difference is in the procedure that the validators to creating the next block are based on how much they have staked and then rewarded with proportion to the staking amount.

Conclusion

In conclusion PoW or PoS is crucial to a blockchain ecosystem to help in the validation of blocks and synchronizing data to create a whole new chain, stabilizing the security within the network through the work performed by miners and validators. 

 

In recent days many blockchain networks are turning to Proof-of-Stake as their consensus process which allows validators to stake tokens in the system and strengthen the security of the blockchain.

SIX Protocol will soon launch and is thrilled to invite everyone to become our validators of the network the procedure is based on Proof-of-Stake Authority (PoSA).

 

The Individual Node Validator is specified for people who are looking for the opportunity to become a part of consensus verifiers of a network. We are looking forward to you staying tuned for the big announcement and learning more about how to join Individual Node Validator by following this link. 

>> https://sixprotocol.com/six-validator-nodes

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Business Guide to Understanding NFTs for Access and Utility

Posted on by Administrator

Business Guide to Understanding NFTs for Access and Utility

NFTs for access and utility

Table of Contents

You may have been wondering what kind of “utility” NFTs can really bring to the table since there are many projects in the space, yet everyone seems to focus on delivering their utilities to their NFT holders.

 

In this article, we will explore the use of NFTs and other possibilities for businesses to understand this ever-changing landscape of Web 3.0.

NFTs Access Passes: What is it?

 

As these non-fungible tokens exist on the blockchain, they also come with the ability to verify proof of ownership through wallet addresses / Name Services across networks. 

 

An obvious example of an NFT access pass would be a special kind of ticket to an event. Traditionally, tickets are issued according to the differences in seating and tier based on the time purchased. With NFTs as tickets, an event such as a concert, webinar, or networking event will be able to issue verifiably unique tickets that have proof of ownership with history or transactions stored in the blockchain.


You can see Coachella’s NFT access passes as examples here

What is ‘special’ about these NFTs, especially from a business’s perspective?

 

Using NFTs as tickets for an event can create many streams of value, whether for the event itself, ticket holders, or partners involved. Here’s why:

 

#1 Proof of attendance 

 

In significant events like Glastonbury Festival, ticket holders must verify their ID with a system to get a physical (with image) ticket to prevent fraud and invalid passes and control the audience’s overall safety.

 

If the said event used NFTs, their ticketing system might be improved since ticket holders can verify themselves with a simple swipe on their phones, making the experience smooth while remaining efficient regarding the event’s safety policies.



#2 Utilities for holders & Marketing values for partners

 

The sponsors/ partners are the hearts that pump the event’s energy and the organizers. They play a massive part in shaping what kind of experience a specific event will provide. What the event can do to increase the utilities for the NFT collection and deliver valuable results for partners is to integrate exclusive perks, privileges, or access for the partners and NFT holders. 

 

For example, the event’s NFT holder can access the partner’s special VIP area or get an exclusive discount on a certain line of products. This way, holders can enjoy their privileges to the fullest while partners can get in-event traffic with awareness in the Web3 space.

NFT Access Passes in the online world

 

You may wonder, “Can NFT Access Passes be used in other forms?” The answer is crystal clear, YES!

 

Apart from IRL (in-real-life) events, NFT access passes can also be used in the online world, introducing the concept of “NFT token-gated content.”

What do you mean by “Token-gated”?

 

Allow us to explain.

 

Today, we are familiar with exclusive content through subscription services like Patreon and OnlyFans. How it works is the creator creates content and locks it behind a ‘paywall,’ and then supporters who subscribe get access to the content. 

 

As per Token-gating, the content will only be accessible to supporters who own a specific token (like NFTs). We already see this happening in discord communities, where the members need to ‘verify’ a certain token/ NFT to access a certain server section.

 

At SIX Network, we adopted a similar concept with our holder club, where community members with 5,000 SIX tokens in their wallets can verify themselves and join the club.

 

You can learn more about it here.

Summary

 

While NFT ticketing is an obvious real-world use case everyone can imagine, we can all agree that one of the ways to create utility and value for NFTs is for businesses, creators, and projects to consider token-gating the content!

 

Is this all NFT access passes can do/be? 

 

One of the things our team likes to do at SIX Protocol is to explore as we try to unleash the true power of digital assets, a world with unlimited possibilities. What we covered today in this article is just the first layer of many more. 

 

NFT access passes can be used in many other forms, such as newsletters and virtual experiences in the Metaverse. So if you’re interested to learn more about all things NFTs, whether for yourself or your business, why not stick around and join our community space on discord?

 

Join now here: https://discord.gg/kypKmUJv9J

Connect with the SIX Protocol team for business opportunities

 

At SIX Protocol, we aim to help businesses and enterprises across industries access this ever-changing era of digital assets and Web 3.0. If you’re planning to build something on the blockchain for your business, SIX Protocol might be perfect for you.

 

Learn more about what we do and stay connected with us at sixprotocol.com

 

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How to join SIX Network’s ‘Holder Club’ on Discord

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How to join SIX Network’s ‘Holder Club’ on Discord

Guide to join SIX Network Holder Club on Discord

Table of Contents

Guide to join SIX Network Holder Club on Discord, which will be open on September 1, 2022, for SIX and FINIX holders. Prepare to join our Holder Club to get exclusive information and insight news before anyone else.

 

 

In these few months, we have been introducing different activities to our Discord, whether a big activity such as Airdrop or small sessions where we invited members to play games with us. To celebrate this milestone of having over 5,000 members, we’re excited to share that our Discord will launch a new section called ‘Holder Club’ with exclusive rooms specifically for SIX & FINIX holders.

 

Follow the steps below to join the club!

Who can join the Holder Club?

SIX Holder (5,000 SIX in BNB Chain)

or 

FINIX Holder (5,000 FINIX in BNB Chain)

* Metamask wallet only

#1 On SIX Network Discord, go to ✅⎪six zone-join. After that, press the Verify Assets button!

* Currently, SIXZone is Desktop supported only. Please stay tuned for the mobile version.

#2 After pressing Verify Asset! You will then see the message that popups; then click on the Connect Wallet (this button requires you to take action within 10 minutes).

#3 You will see a link like in the image below, press Yep!

#4 Afterward, you will go to the SIX Zone website and click on Metamask.

#5 Click on Sign Message, and after you press it, you will see the Signature Request page. First, check if it is Chain BNB or not; if yes, please go ahead and Sign.

#6 After going through all the steps, you will see that your Wallet has been connected, click Open Discord, and you will now be in the Holder Club of SIX Network Discord.

Don’t miss out follow us at:

Napathsorn Unchit
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Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
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SIX Protocol Individual Node Validator: The Big Opportunity For Small Group

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SIX Protocol Individual Node Validator: The Big Opportunity For Small Group

individual-node-validator

Table of Contents

What if you are a single particular person who yearns for the opportunity to be a node validator for a blockchain? What if you have no essential to pass the basic requirement to register to become a node for other networks?

 

SIX Protocol Partnership Program is nearly to commence another opportunity to enrich our ecosystem with the Individual Node Validator program after Business Node has been settled to the public enterprise for a period of time. 

The Business Node Validator was made specifically, hence the name, for businesses and organizations which can exploit SIX Protocol Toolkits that will help elevate the business operation into a blockchain full course. 

 

The criteria required to set up Business Node Validator respectively using a big amount of 1 million SIX tokens to stake in the system, but in contrary with the possibilities and functionalities to scale up the business to Web 3.0 is a reasonable investment price.

Jumping Start with SIX Node Validator

Just a quick recap of the main point leading to how interesting Node Validator could be, receiving fruitful benefits, and contributing to a blockchain ecosystem. Though you may see the potential to grow under SIX Protocol to become one of the validators, you have no business service here is your chance to enroll for an important role in the blockchain industry.

SIX Protocol Individual Node Validator is offering this initiative for people who are interested to join whether you are from any job field no matter who you are, a self-employed, professional, or office worker; you are all welcome to set up an Individual Node on SIX Protocol chain.

The eligibility and requirements to set up a node validator basis require

20,000 SIX tokens to stake in the individual node variation.

Once your validator starts, you will receive the passive rewards you may earn shared from the protocol’s gas fee according to the percentage of its validation period that has passed.

Role Title and Benefits of Individual Node Validator

☑️ Let us discuss the role node staker will contribute to the system

– Distributed consensus protocol.

– Execute transaction.

– Maintain and execute the performance of blockchain infrastructure.

 

☑️ Benefit

– Be a part of block validation in the chain.

– Receive passive reward shared from the gas fee.

– Inclusive opportunity with the network.

 

Everyone can have the opportunity to become a node validator for a blockchain network no matter what are the objectives or role you are in. Generally, it requires a large amount of funds, but SIX Protocol Partnership Program is granting a big opportunity for a particular group of people and individual blockchain enthusiasts to join with ease.

 

If you are interested to buy a node you can fill in the form here 👉 https://forms.gle/wAQzLcXijneVuC3i6

 

✅ Individual Node Validator program is around the corner and we encourage you to get in touch and don’t miss out on the advantages you have. SIX Protocol

Don’t miss out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
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nft-case-study

 

Long story short Bitcoin mind is not supported for NFT creation until 2015, which is the birth of Ethereum where development teams from Ethereum have some time to study the concept and came up with smart contracts to mint and distribute NFT with the first ever NFTs of the world known as CryptoPunks.

A Successful Story of NFT

Knowing the history of NFTs probably didn’t convince everyone that NFTs are useful. Many projects try to replicate their success story, but only a few have even come close such as Bored Apes Yacht Club.

Honestly speaking NFTs are perceived as the art collection, but digital art is just one use case for NFTs and is mostly a familiar use case. Other several use cases such as proof of ownership of anything and one great example is real estate.

Case scenario:

If you based NFT on a deed for house selling, you could essentially create a record of the home’s occupancy and ownership on the blockchain. And when you are ready to sell the house, you could make a summary of the entire history of the house from the day it was built. Moreover, smart contracts can eliminate much of the paperwork too.

 

Propy is a real estate company implementing NFT for property selling.

https://propy.com/browse/propy-nft/

 

This same principle applies to anything with substantial value along with car purchases, stock investments, and so on. The legitimate use cases merging between NFT and real-world uses are still a debate to date.

NFT Integrated Company Example 

Let’s take a look at giant companies that have already implemented NFTs for their product in proving the legitimacy of ownership.

✓ Nike’s CryptoKicks: In this project, they involved the patented shoes as NFTs to mitigate counterfeit shoes and when a customer buys a genuine pair of shoes it is accompanied by a cryptographic ownership detail.

✓  Gucci Vault: Take a whole new route with Vault – an online store that launched several sets of Gucci’s NFT collections.

Long-term Viability of NFT

Another aspect of NFT use case has been adapted from the forefront concept of blockchain decentralization. Keeping track of the supply chain does not necessarily mean you know the ownership of the milk in your fridge. However, if the milk came with an NFT, people could track down what farm it came from or the date of pasteurizing. Well, this is a cool idea but people will get over it within a week. 

 

Where this concept really makes sense is in companies that need multiple better solutions of visibility over goods from their starting to endpoints. One well-known luxury brands such as LVMH and Prada are leading the way in this area.

 

Consumers who buy high-end products, handbags, jewelry, or other items can prove their origin through NFT which displays the product’s history from manufacturer to store as well as proving counterfeit products.

How Does Creating NFT on SIX Protocol Beneficial?

Answer: We won’t boast that SIX Protocol chain is anything in between, but we are offering a worthy space to run a buzzling project. Skilled developers, outstanding oracle system from our partner Chainlink, and expert consultant in blockchain technology will facilitate you to achieve. 

 

Trusted names that have collaborated with us in NFT projects are T-ARA, Sunmiya, and Buakaw.

 

The primary purpose of NFTs is not to buy overpriced jpegs which you can already screenshot off Google. Rather, NFTs have legitimate use cases from real-life case studies.

Summary

There are more sides to NFT that will be useful. New identity experiences, marketing tools, access control, and more to mention. It’s likely that many of the companies looking forward to the opportunity to flourish over the long run will integrate both digital and physical aspects into the product they’re holding.

Don’t miss out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
Visit us at SIX Network for more.

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community-is-essential

Table of Contents

Blockchain technology has widespread adoption in various industries worldwide in the past few years. However, with the ever-increasing abundance of blockchain businesses and NFT projects, we have vividly recognized that any blockchain project’s heart and soul lie within the community network!

Now, let’s dive into why the significance of communities has become the spotlight for blockchain businesses in 2022 

#1 The central hub for education, collaboration, connection, and great ideas

 

Blockchain communities aren’t bounded to geographical locations due to their decentralized nature; these communities are instead diverse, like-minded individuals who share interchangeable ideologies and hail from different corners of the world. 

 

A community within a blockchain business or project is similar to a real-life co-working space because these communities attract people of all ages, ethnicities, races, proficiency levels, etc. There are novice learners, professional traders, prospective entrepreneurs, and enthusiasts that are either interested or passionate about the same project. 

 

The true power of community is a central hub or space that allows experienced individuals to educate others and groups of people to collaborate and expand their networking with one another. Most importantly, new perspectives and a collective of different human brains would often lead to great ideas and suggestions. 

 

Let’s take a look at SIX Network’s community channel; for example, our team utilizes a discord server as a community hub with various rooms and activities for the member to be able to join in and participate in different activities. 


Want to check out SIX Network’s community space on discord? Join now here: https://discord.gg/kypKmUJv9J

#2 Engaged communities = enlarge the user base

 

There are many reasons why blockchain businesses nowadays truly invest vast sums of money into building an engaging and strong online community. It appears that an engaged community can act as the best advocates for the blockchain business on social media and beyond. Especially for new blockchain projects starting from scratch, advocating support is indispensable. 

 

Active communities enable veteran, well-knowledged members to drive engagement from new members by explaining the project/business’s core products and objectives and participating in different activities. Well-informed members in an engaged community can help activeness rise and provide better comprehension and support for all alike. 

#3 Drive business activities directly with the community

 

Once there is a space for the community to interact with each other, another vital element a business should consider is to drive community activities. It will be highly convenient for projects and community members to ride along with each activity as the project can introduce its products and campaigns in a community space directly where users can receive and bounce information with the team.

Crypto Campfire by SIX ep 1

As per what we do at the SIX Network community, our discord has a weekly live session called “Crypto Campfire by SIX,” where we invite different guests to talk about all things crypto and engage with the members. The topic ranges from Metaverse, Money Management, NFTs, Web 3.0 Community Management, and many more.

 

It is worth mentioning that some community platforms, such as Telegram or Discord, come with the capabilities for the business to have add-on features such as bots, growth tools, etc. 

 

At SIX Network, we have also included SIX Protocol’s “SIX Zone” onto our discord server to be utilized for various community activities such as whitelist management and airdrop activity.

 

You can learn more about this growth tool, SIX Zone, here.

#4 The rise of Web 3.0 & NFTs adoption

With the emerging era of Web 3.0, a lot of education is still much needed for new users, such as handling private keys or sign messages. Hence, the importance of building a community filled with individuals with different levels of experience and skills will play an essential role in helping the overall understanding of how to operate in this new era.

SIX Network Discord Information Section

Take another example from our discord server; we have a section called “user-guide” and “official-links,” where members can go through different how-to’s and access SIX Network’s flagship products websites such as SIX Protocol and Definix directly.

Conclusion

 

There are many reasons why the significance of communities has become the spotlight for developing blockchain businesses and NFT projects, whether a business can communicate, retain, and expand its customer base, or drive members to support its operation. It is also essential for companies to choose the right community platform that highlights the values and experiences of their audience—for example, having a community on discord Vs. Telegram.

 

It is worth mentioning that at SIX Protocol, we have a team full of discord server-building experts. So whether you want your server to have an AI bot for generating images, a bot that can track referral activities, or a growth tool that helps you grow and manage your community, our team is here to assist you!

Currently, anyone can receive SIX Protocol’s full range of services by joining the ecosystem as one of the Business Nodes. So if your business plans to expand into the blockchain world in any way, this might be the perfect gateway for you! 

 

Fill in the interest form here: https://forms.gle/wAQzLcXijneVuC3i6

 

Want to know more about the benefits of becoming a node? Check out this article here.

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Khanathat Chowpradith
Khanathat Chowpradith

Web3 Marketer | Passionate Writer | NFTs enthusiast

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