EOS Hot Sauce is a weekly digest of all the hottest topics from around the EOSIO ecosystem. The space is evolving so rapidly it can be hard to keep up! We keep on top of it so you don’t have to.

.gems’ Green NFTs Manifesto

.gems’ mission is to onboard artists onto the blockchain, help them publish their art as NFTs and do so in an environmentally sustainable way. 

In fact, .gems’ parent company, EOS Nation, has been a leading block producer in charge of processing transactions and securing the environmentally friendly delegated-proof-of-stake (DPoS) EOS & WAX blockchain networks since 2018 & 2019 respectively. EOS Nation’s creation in 2018 was based on the premise that highly efficient and environmentally friendly delegated-proof-of-stake networks would eventually become very attractive for a wide range of use cases.

In 2020, Stéphane Bisson, Co-founder and Chief Community Officer of EOS Nation and Martin Breuer, Regional Director of Asia and EOS Nation’s first employee, started the .gems NFT Studio & Creative Agency in anticipation of a surge of demand from artists looking to publish their art on environmentally-conscious blockchain networks.

As .gems only publishes NFTs on the EOS & WAX networks, artists and collectors can be assured that our NFTs are not negatively impacting the environment when being created, or when being transferred or traded on secondary markets. 

On top of that, and due to the highly efficient design of these DPoS networks, WAX and EOS can offer feeless transactions to their users, allowing a great user-experience for collectors as they trade or interact with NFTs, without having to worry about annoying and sometimes prohibitive gas fees found on other networks.

When people claim that blockchain networks, and the NFTs that live on them, are energy-hungry and bad for the environment, they’re talking about proof-of-work blockchain networks like Bitcoin and Ethereum. They’re not talking about DPoS blockchain networks such as EOS & WAX. On Bitcoin and Ethereum, network energy consumption increases as the networks grow in value and activity. Conversely, on the EOS & WAX networks, the energy consumption is relatively stable regardless of the growth in value or activity. That means that new NFT series published on EOS or WAX do not cause a noticeable or impactful increase in energy consumption.

Want to learn more about the technical details and differences between proof-of-work and delegated-proof-of-stake? Here’s some further reading material:

First of all, we encourage our curious readers to read this article written in December 2018 by Block.one, the creators of the EOSIO open-source blockchain software that is leveraged by both EOS & WAX. In this article, Block.one demonstrates that environmental considerations have been at the forefront of these networks since 2018, well before the recent NFT surge.

The WAX team released a similar article this month detailing the current power consumption of the WAX network and the results are stunning. WAX is currently 125,000 times more efficient than Ethereum and the NFTs so far minted on WAX have already saved over 4 million tons of carbon emissions compared to if they were minted on Ethereum. To top that off, the WAX team also announced a new partnership with National Forest Foundation, a respected non-profit organization focused on reforestation. Soon enough you’ll be able to buy carbon-credit NFTs on WAX which, when “composted,” the National Forest Foundation will commit to planting 1 tree for each dollar of value of the purchased and composted NFT, making it easy for artists and collectors to completely offset their (already very small) blockchain-carbon-footprint.

If you’re still not sold on the environmental benefits of EOS and WAX, we encourage you to watch and share this wonderful video created by the WAX team that recaps many of the concepts explained here and in the linked articles in an easily digestible way for artists and collectors that may not yet be familiar with the intricacies of different blockchain networks. Note that the same video applies to EOS as it’s built on the same EOSIO blockchain technology as WAX.

We hope you learned something in this article and we encourage you to reach out to us on Twitter, Telegram or Discord if you have more technical questions about our NFTs and the blockchain networks on which they live. Share your questions with us, we love talking about this stuff! 🤓

Beyond Blockchain Hackathon Winners

Block.one has announced the winners of the Beyond Blockchain Hackathon, hosted in partnership with Google Cloud, Galaxy Interactive, and Mythical Games. The hackathon took place between March 2nd and April 6th and attracted more than 1,300 participants from 107 countries. 

Here are the most interesting projects that took home some prize money:

1st Place: Dao Bull. Dao Bull is a platform that enables people to easily create Decentralized Autonomous Organizations (DAO) and emerged as the winner of the hackathon. With Dao Bull, users will be able to manage finances, shareholders, and the community’s governance structure using EOSIO technology. 

The other winners are:

2nd Place: gGoods. gGoods, an open-source NFT standard, enables organizations and communities to create tokens that address the economic downturn plaguing nonprofits in the wake of the pandemic by crowdsourcing funding from the platform’s global user base. 

3rd Place: Recoverable Online Wallets. Recoverable Online Wallets (ROW), built on EOSIO’s existing WebAuthn standards, introduce a social recovery system that removes the need for a centralized system that users must trust to recover passwords with emails. The solution removes the need for these antiquated forms of security by replacing them with multisig security systems. 

4th Place: Finfluencers. Finfluencers created an immutable network of financial information, where trusted participants could share their knowledge with novice users to help them make informed decisions about their financial future.

Newdex Trading Competition & Defibox Writing Contest

Newdex announced their EOS/USN trading contest this week. The grand prize is a DJI Mini 2 Aerial Camera Fly Combo Drone Camera. There are also prizes for the top 10 traders.

If you’re interested in grabbing some extra USN and you got what it takes, hurry and get in on the action. Read more about the trading contest in this Newdex article.

If trading competitions are not your cup of tea, perhaps you would be interested in the Defibox writing contest. The Defibox team has launched a writing competition to encourage more users to join the Defibox “Lego” game and explore more creative ways to engage with Defi. The theme of the contest is “Play Defi, Build Blocks.” Submissions are open until May 16th, after which the Defibox Foundation and specially invited judges, such as EOS Nation’s very own Denis Carriere, will select the winners. 

Winners will be selected based on originality, innovation, readability and the popularity of their work. The top 12 contestants will share a total prize pool of 4,000 USN.

EOS Rapid’s DApp Surf

EOS Rapid has announced the release of their decentralized web hosting service called dApp Surf. The announcement came with a video tutorial titled “How to publish a website on the dApp Surf decentralized web!” 

The current version is on the EOS Jungle testnet. With dApp Surf, developers would be able to host their website on EOSIO blockchains.

Upland’s Oakland, Staten Island & Backersfield

Upland unlocked wave 2 properties to complete the launch of Oakland city this week, all of which is recapped in the Upland May update article.

Staten Island and Bakersfield are the next two cities coming to Upland. Both will serve as starter cities on the East and West coast. Staten Island will be connected to Brooklyn via a bus route, while Bakersfield will be connected to San Francisco via a train station.

As is the norm when new cities are released, the train station and the bus will be the first minted properties in the cities, and they’ll be given out as rewards in a community event.

Other upcoming releases include the permanent property development, the new Spark token and Structure NFT, as well as a Store Promo features that would allow for pre-registration and queueing for limited-availability item sales.

Ultra Community Update #12

From the tech to the community and partnerships, Ultra has experienced remarkable growth in the past months. In their latest Community Update article on Medium, we learned of some amazing developments happening in the Ultra ecosystem.

The tech updates include the forth iterative release, which features Ultra’s in-house oracle. This allows for on-chain conversion rates that can be used in Ultra’s entire ecosystem. There are also updates to the user experience that include the following: Updated sign-up and authentication process to incorporate Ultra’s Single Sign On, brand new web installer, improved Ultra Games file downloader, improved Ultra Games and DLC uploader, and more.

With Ultra’s new partnership with Simplex, users can now seamlessly buy UOS with credit cards. Users will also be able to buy games with UOS and fiat currencies like USD, EUR, and GBP. 

The team has also partnered with Shopping.io to enable users to spend UOS on e-commerce sites like Walmart, eBay, and Amazon.

These and many more exciting activities happening in the Ultra ecosystem outline the remarkable growth taking place.

EOS Nation is a top Block Producer on the EOS public network. We earn inflation rewards based on the percentage of tokens staked towards us. Those rewards are reinvested into EOSIO community, tools, and infrastructure. Help grow the ecosystem by staking your vote to eosnationftw for BP or proxying to proxy4nation

Remember, we never accept compensation in exchange for featuring projects in the EOS Hot Sauce. That means if a project is included in the EOS Hot Sauce it’s because we believe that project brings value to the EOSIO ecosystem and we want our community to know about it!

Are you building an interesting project on EOSIO? We want to hear from you! Reach out to us on social media or email info@eosnation.io. 

Thank you for supporting EOS Nation and for reading this week’s edition of EOS Hot Sauce! Want more spicy updates? Check out some of our recent EOS Hot Sauce episodes!

Art Cologne Drop

The .gems team is proud to announce yet another cooperation that brings more fine art NFTs to the WAX ecosystem. In partnership with Provinz Editionen, leading publishers of contemporary fine art editions and multiples, we’ve launched provinz.digital.

Read More »

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Disclaimer: The information provided above does not constitute investment advice, financial advice, trading advice, or any other type of advice whatsoever, and the information on our website should not be trusted as such. We present this information to you as general market commentary. The information does not constitute investment advice or any professional financial advice of any sort whatsoever. We do not advise or recommend that you buy, sell, or hold any cryptocurrency, digital token, ICO, or digital asset whatsoever. We advise users to conduct their own due diligence and consult with a qualified financial advisor before buying, selling, or holding any type of digital asset or cryptocurrency. We will not be held responsible for any investment decisions made based on the information provided on the website.

Daniel Keyes

Chief Operating Officer (COO)
Responsibilities include: product management, operations, community
Location: Toronto, Canada

Prior to founding the first EOS community in Toronto and co-founding EOS Nation, Daniel spent a decade in the financial technology industry working several diverse roles. His extensive experience in customer service, sales, sales coaching, agent training, digital marketing, digital process management (lean green belt), and product management (certified scrum master, certified product owner) eventually lead him to consulting for a blockchain dev shop.

Daniel earned a Bachelor of Journalism from Ryerson University in 2009 and worked as a chase producer intern at Global TV.

Daniel lives by the principles of Truth, Love, and Freedom.