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Last Friday (30 June 2022), Tezos celebrated four years since the network launch. Here are some of the milestones Tezos has hit in the past four years:
TZ APAC celebrated with an exclusive anniversary AMA with Managing Director Katherine Ng on the entity’s newly launched Discord channel.
Here’s a recap on some of the questions that were addressed.
There are many reasons why Tezos is competitive not only in the NFT scene, but also as a blockchain.
One advantage is the self-governance aspect, which has allowed for Tezos to upgrade 10 times over the last two years, more than any other blockchain on the market.
Additionally, each one of these upgrades have focused on delivering lower gas fees to users and greater smart contract ability to developers.
Another advantage, and one of the most important, is that Tezos has a relatively small carbon footprint which makes it much more energy-efficient than other Proof-of-Work blockchains.
As one of the first and longest running Proof-of-Stake (PoS) blockchains, Tezos operates without the large energy requirements required of other types of blockchains.
It only costs a fraction of 1 tez to create (or “mint”) an NFT on Tezos – that means Tezos NFTs are eco-friendly and more accessible for people around the world.
Many small artists are moving to the Tezos blockchain because of its low cost mint price. It’s also really easy to start and put your work out there.
Besides the low cost and energy efficiency, Tezos also boasts of a very strong artist-led community. It was recently the Tezos Art Week, and you can read more about the Tezos community of artists here.
Moreover, NFT sales have in fact surged on Tezos-based NFT marketplaces such as fx(hash) and Objkt.com, while competing marketplaces were experiencing periods of decline. Furthermore, major brands also regularly choose to build on Tezos.
All of this could be attributed to the fact that Tezos NFTs are regarded an “anomaly” in the NFT space — the works are often considered a bridge between technology and traditional art, rather than “crypto art” or profile picture (PFP) NFTs like popular projects Bored Ape Yacht Club and CryptoPunks.
Tezos recently launched its 10th upgrade – Jakarta with a new feature called Transaction Optimistic Rollups, which will introduce Layer 2 addresses to the blockchain.
This is a stepping stone to the more permanent and unique Enshrined Rollups which are under development by the various Tezos developer teams, and you can see it as a short-term and experimental scaling solution. This can be changed in future protocol upgrades, should the community desire it.
The second major advancement in Jakarta 2 are Michelson Tickets, an exciting new way for Tezos developers to avoid centralized smart contracts for tokens. Think of them as a more trust-minimized, decentralized version of Tezos FA2 tokens and Ethereum ERC-20 tokens.
Once these features are fully rolled out, it’s likely that Ethereum developers and ones from other POS chains will migrate to Tezos.
To find out more about the latest Jakarta upgrade, click here.
Tezos is an open source blockchain and all projects and people who want to develop applications on it are welcome.
If there is a demand for fractionalisation, there will definitely be people who will fill the need in the market, so it all depends on the product-market fit.
We have seen fx(hash) being conceived to fill the demand for a generative art platform on the Tezos ecosystem, so anything is possible.
Yes, this is on our radar. USDT recently announced that it will launch on Tezos. This launch will further highlight Tether’s dedication to pioneering collaboration and interoperability within the growing digital asset space and we hope that it will attract other stablecoins as well.
TZ APAC and Tezos India are bringing back the TezAsia hackathon – one of the most-anticipated Web3 hackathons in Asia, with over 10,000 sign-ups.
TezAsia welcomes aspiring newcomers, advanced coders, students, professionals, and blockchain enthusiasts. Participants stand a chance to win $100,000 in prizes and an additional $100,000 in early-stage grants. The hackathon opens up opportunities to work with the best dApps, platforms, mentors and Tezos-based entities in the ecosystem.
Registrations are still open, and you can sign up here to begin developing your Web3 project now.
Web 3.0 is a reshaping of the global network using cryptocurrencies and blockchain. Relying on these two technologies, the future Internet can communicate with each other without manual intervention or centralized supervision, and complete the verification and recording of transactions.
Since last year Tezos has onboarded name brands and institutions such as GAP, Evian, Redbull, Manchester United, the National University of Singapore (NUS), and more, with a goal to be the bridge to onboard institutions into the Web3 world.
For example, TZ APAC’s partnership with NUS Computing to set up the Centre for Nurturing Computing Excellence will see students being empowered to learn from real-world industry experts in fields such as blockchain technology, cloud computing and data science.
But it doesn’t end here – the Tezos ecosystem will continue to empower creators, developers, institutions and enterprises to explore and embrace blockchain technology.
