# 🗒️ RECAP: Ecosystem Showcase AMA with Envelop Date: 22 June 2023 Channel: [Near Official Telegram](https://t.me/cryptonear) **1. The Envelope Team and Roles** - Max Sizz, the outstanding CTO with experience in solidity development and smart contracts - Menaskop, the advisor with deep crypto knowledge since 2012 - Alexander Kuzin, a crypto veteran since 2016 with cross-chain solution expertise and strong institutional connections. - Aleksandr Shedogubov, the Envelop DAO Genesis Member is responsible for communication with clients, business development, and finding new use cases. - Envelope started in December 2020 with the first MVP in March 2021. **2. Key Features of the Envelop Platform** - System of smart contracts with the main application appv1.envelop.is for: - Custom-wrapped NFTs with assets and conditions (On-chain royalty, timelocks, and event locks) - Soulbound tokens: Create dynamic soulbound tokens for communities or reputation models - Minting tool: Cross-chain minting tool for easy NFT minting - Getpass: for event organizers to create dynamic NFT tickets and engage the audience. **3. Differentiation of Envelop Platform** - Architecture: Protocol, Oracle, and Index Solution for cross-chain and programmable functionalities - Flexibility: Protocol is not dependent on specific standards, and offers maximum compatibility for NFT functionality on demand. **4. Envelop's Utilization of Near Protocol** - Initially deployed Envelop's protocol on Aurora. Later shifted to the Near Protocol. Basic version of Envelop's protocol (version zero) available on Near Protocol - Possibility of developing an oracle on Near for NFT implementations - Gathering feedback and implementing improvements based on the Near community's response. **5. Envelop's Achievements and Success Stories** - Animoca Brands as backers and notable achievement - Implementation of non-pledged rental technologies for gamified projects - Tools for mass users, such as GetPass organizing online events with NFT tickets - Bridgeless technology for secure cross-chain transactions. **6. Collaborations and Future Plans** - Liquidity Farming Tool: Introduces a new approach where staked tokens are converted into wrapped NFTs. NFT represents the right to claim rewards and untake tokens without transactional costs or time loss. Beneficial for farming projects and minimal loss during rebalancing - Tools for Projects: Launchpad for projects to sell their NFTs; Event creation tool (Web3 style or metaverse) for hosting events; Dynamics Soulbound tokens for building reputation systems and rewarding valuable users. - Games and Guilds: Tools for easier management within guilds and game communities; Skill tokens to tokenize traits of NFTs and create customizable revenue stream; Non-pledge rental to increase user base and provide no entry barrier. - Cross-Chain Focus: Seeking collaborations with cross-chain solutions to enhance Envelop's cross-chain approach - Aim to deliver at least 2 -3 implementations on Near in the next quarters. **7. Challenges** - Initial challenge was explaining the concept and finding early backers but Waterdrip Capital understood the solution's essence and helped attract others - Difficulties in explaining the functionality of programmable digital assets to potential partners then the market maturity led to a demand for functional solutions. **8. Advice for Leveraging Web3** - Understand the real need and purpose of leveraging Web3 technology - Consider the efficiency and decentralization offered by smart contracts and NFTs - Consider on sectors like finance and trade where decentralized tools excel - Be an early implementer to maximize the advantages before the trend accelerates. ## ➡️ Check out: - Envelop at https://envelop.is/ - Find answers to community questions submitted to Envelop [here](https://blog.envelop.is/envelop-near-ama-recap-ca8ec378caa5) **Disclosure: information provided is for general informational purposes only. It should not be considered as investment, tax, or any other form of advice and NEAR Foundation bears no responsibility for any financial decisions made based on this information.**