🎙Neko Morning Show Season 7 Episode 5 recap 🔹️Host: NONO & SOOS 📌Topic: DEFISHARD WITH DEVBOSE 🔰 INTRODUCTION 🔸️ Devbose, the founder of DEFISHARD, began as a user of NEAR Protocol where he minted any NFT that came his way, then transitioned to marketing for projects before progressing to developing a stack on NEAR Protocol to establish DEFISHARD, aiming to improve the NFT landscape on NEAR Protocol. 🔹️ What brought the ideas of DEFISHARD: The DEFISHARD team recognizes a common issue within the NFT community across all chains which is the lack of liquidity. 🔸️ The scenario plays like this; ▫️After minting out of an NFT, users/community may lose interest owing to lack of utilities and this may also amount to selling pressure on the NFT and can lead to the price of NFT drowning. ▪️ This dwindling interest among users can also mount pressure on the founders, which might be 1️⃣ maintaining momentum and 2️⃣ providing utilities desired by users, which the founder might fail to achieve. ▫️ To address this issue, the DEFISHARD team has devised a hybrid solution, which is upon minting, a portion of the funds will be locked as a token in the contract associated with the NFT. ▪️This will guarantee that even if interest in the project wanes or other issues arise, users can still derive value from their NFTs due to the presence of funds or tokens minted alongside them. And the NFT might not fall flat below the threshold of the token linked to it. 📍 WHAT IS DEFISHARD 🔹️ Defishard is a non-custodial investment platform that allows users to access entire DeFi products through NFTs, providing exposure to the decentralized finance ecosystem. 🔸️ The DEFISHARD concept will apply to other products, but the team is initially launching the "NFT backed with token" as their flagship offering. 🔹️ An illustrative instance is when a founder creates an NFT and backs it with 50,000 $NEKO. 🔸️ Users can then either transact this NFT at the prevailing market price or choose to burn it to redeem the underlying value of 50,000 $NEKO if he or she pleases or in a case of panic as mentioned above. 🔹️ This tool will save many founders and users/communities a lot of stress, in case a project goes south then the community is guaranteed the token backing. 🌐 THE APPLICATION, DEFISHARD 🔸️ The defishards.xyz house the DEFISHARD application where users can access all the services rendered and also participate in the testnet. 🔹️ Users can engage with the Telegram https://t.me/HouseofShards, it is interactive, and the video and faucet for the testnet can be gotten through Telegram. ⚡️ Services on the application are: 🔸️ Single asset; it allows wrapping singular fungible token with NFTs and stores it in a custom vault. 🔹️ Market place; One stop shop for all DEFISHARD 🔸️ Token basket; allows users to design their risk-balanced portfolio as DEFISHARD with some ready-made tools 🔹️ NFT launchpad; home of 1/1 art and curated collections backed with multiple tokens 🛠️ HANDS-ON WITH DEFISHARD TESTNET 🔸️ Get the NEAR Testnet Wallet: Start by acquiring the NEAR Testnet wallet to participate in the test environment. 🔹️ Request Faucet via Telegram: Faucet requests for testnet tokens are only available through the Telegram faucet channel. https://t.me/HouseofShards 🔸️ Access DeFiShards Application: Visit https://www.defishards.xyz to access the DeFiShards application for testing purposes. Task: 🔹️ Create New Vault: Within the application, click on "SINGLE ASSET" and then select "CREATE NEW VAULT" to initiate the NFT minting process. 🔸️ Indicate Minting Amount: Specify the amount you wish to mint and proceed to approve the transaction within your NEAR testnet wallet. 🔹️ Forge NFT: After approving the transaction, forge the NFT and once again approve the transaction to complete the minting process. 🔸️ List Your Asset: Upon successful minting, you can choose to list your newly minted asset within the application. 🔹️ Explore Marketplace: Navigate to the marketplace within the application to view your assets and interact with other assets available. 🔸️ Burn NFT (Optional): If desired, you can return to the "FORGE NFT" section to burn the NFT and redeem the underlying token. 📺 Visual Guide: For a step-by-step visual demonstration, watch the video tutorial available at https://twitter.com/DEVBOSE111/status/1745342411319226618. 🚪DEFISHARD: Where NFT meets DeFi: Stay Liquid, not Illiquid. 🌐 NEAR INDIA 🔸️ Indians hold a deep-rooted presence within the Web3 space and robust NEAR Community engagement. Recently, they orchestrated a real-life event known as the "February college event," in partnership with METEOR Wallet and TINKER UNION. 🔹️ This collaborative effort successfully onboarded over two hundred individuals from the Web2 into the NEAR ecosystem, and a lucky participant had a chance to win a coveted TINKER UNION NFT through a raffle. 🪂 LAVA AIRDROP 🔸️ Lava is a decentralized RPC modular data network for blockchains designed to offer scalable access to any blockchain via any API. 🔹️ It operates on a model where champions can add sought-after APIs and chains as modules and node operators can join to serve these modules. 🔸️ The protocol enhances performance by directing requests to the most suitable node providers. 🔹️ Wallet users and app developers can seamlessly integrate with Lava for rapid, multi-chain blockchain connectivity. 💰 How to start earning points 🔸️ Connect your wallet: Visit points.lavanet.xyz and use the code "Magma" to sign in to the points dashboard. 🔹️ Swap RPC URLs: Change the RPC URLs in your wallets to the Lava-powered URLs for NEAR, Ethereum, Evmos, Axelar, and Starknet (coming soon). This applies to Ethereum, NEAR, Evmos, and Axelar wallets. 🔸️ Use your wallet and dapps: Simply use your wallet and decentralized applications (dapps) as usual to start earning points. Activities like checking your wallet balance or making transactions will earn you points. 🔹️ View leaderboard: Keep track of your points and check your ranking on the leaderboard within the dashboard. 🔸️ Share your referral code: Share your referral code on social media platforms to earn additional points. 🌕 $MOON 🔸️ The $Moon token is imminent for release and promises an airdrop, as confirmed by the Meteor wallet team. 🔹️ Also, an interactive game will debut within the Meteor Wallet ecosystem, requiring contract enlistment for $MOON token collection. 🔸️ Limited contracts will be unveiled exclusively on Telegram at https://t.me/nearharvestmoon. 🔹️ Possession of the exclusive Harvest MOON NFT is essential for unlocking reward opportunities via shardDog: https://shard.dog/harvest-moon. 🔸️ You can engage this https://twitter.com/tech_explorer_c/status/1756982372782706700?t=MGNbVsLiQqMXZAyxV3nETg&s=19 on the strategy to get the drop 🔹️ Also stay informed and stay connected via Moon Telegram for potential updates. Written By Femi 🌼 You can catch up with the NEKOMORNINGSHOW every Tuesday and Thursday for yet another interesting episode of the show🌼