Hey Nimbus Community, 

NFTs are on the rise, not just because they provide ownership and authenticity but also because NFT’s represent an entirely new category of use cases in DeFi

The statistics show that NFTs are here to stay, so the Nimbus glossary deems it important that our community stays in the loop! 🔊

Today, we’re learning about the NFT token standard ERC-721

Check the image above to discover its meaning👆

Time for some juicy facts about the ERC- 721 token standard:

ERC-721 was first created to combat the ERC-20 interface incapabilities via an Ethereum Improvement Proposal (EIP). Cryptokitties was the first protocol to utilize ERC-721 to create NFTs in the form of kitties and that the most special fact of all:

The Nimbus NFT token is nearing its launch date. This token will combine dApps and deliver easy access to the most complex user scenarios in DeFi. We’re currently undergoing audits and reviewing smart contracts, once ready, we’ll share the new updates with you!

We know you are eager to know more about the mysterious Nimbus NFT token! We’ll gradually shed light and tell you more about the concept. Stay tuned!
#NimbusAcademy #NimbusGlossary

✋Hey Nimbus community,

😌 We have prepared a short article on what NFT tokens are and why the crypto community is so excited about the newly born niche. In this article, you will find all the information you were looking for and more. The cherry on top is that we explain the difference between the already existing solutions and the Nimbus alternative. Here is a quick hint – our story is not about the art.

What are you waiting for? Go check it now

👋Hey Nimbus Community,

The Dubai Contest has already been up and running!

In fact, we are already rounding off the names of the first few winners!🤯

But, don’t give up yet, you still can win a trip to the enchanting city of middle-east, Dubai!✈️

You have time until 31st January to:
🔹Reach up to 30,000 BUSD turnover of your 1st line or Rank 21 (group turnover) to win a solo 4 day trip to Dubai
Or
🔹Reach up to 45,000 BUSD turnover of your 1st line to win a 4 day trip to Dubai for you and your partner

❗️Remember, this contest is only accessible via the Nimbus Affiliate Program!

More details on the contest and how you can participate 👉 Here!

✋Hey Nimbus community,

👽 It has been a busy week for the crypto space. First thing first, Fidelity Digital Assets has been granted registration with the UK Financial Conduct Authority for its digital asset custody and trade execution business. Long story short it means that institutional investors will continue to fuel expansion in the cryptocurrency fund market📊

🥇 Howbeit, we doubt that without Fidelity financial sharks will abandon the newly-born industry any time soon. Why? According to Dan Morehead, the CEO of Pantera Capital (an American hedge fund that specializes in cryptocurrencies), digital assets could be the perfect hedge as bubbles in debt markets begin to pop. On top of that he mentioned that instead of focusing all of their regulatory energy on cryptocurrencies like bitcoin, governments around the world should look at systemic issues that are causing economic volatility.

🙈 Talking about NFTs, in the Sandbox virtual gaming world, a mega yacht has been sold for a whopping $650,000 and someone paid as much as $450,000 to become Snoop Dogg's neighbor in the metaverse. On top of that, Pepsi announced the brand's first-ever foray into the innovative and evolving world of non-fungible tokens with the Pepsi Mic Drop genesis NFT collection. Finally, Ross Ulbricht, the alleged founder of the dark web marketplace Silk Road, has sold his first NFT for $6.2 million or 1,446 Ether at auction.

👋Hey Nimbus Community, 

We have implemented a ‘Send feedback’ function on the Nimbus Platform Page. 

Here are the key benefits that you can derive from this upgrade:
✅By clicking on the ‘Send feedback’ tab, you can directly share your queries and technical issues with Nimbus support on Zendesk
✅The most special utility is that the system is designed to capture a high-quality screenshot and share it directly with the support team

This way, we get a more detailed insight into the problem, it’s easier and faster for the Nimbus support to address bug tickets or any other technical insufficiency. 

Check it out 👉 Here!

👋Hey Nimbus Community,

We have delivered a lot of educational content, useful info and tips to help our users in their DeFi journey. But today, we are here to quiz your knowledge about NFT in general!

Select the most appropriate answer and see if you were right👇

Here's your Quiz Report Card!

4️⃣ answers are right - Jackpot, you are an NFT genius🥳
3️⃣ answers are right - We know that you follow with Nimbus educational resources on a daily. Keep it up!🤓
2️⃣ answers are right - Need a little bit of work, but you'll get there📕
1️⃣ answer is right - No worries! You can still make it by following this materials ⬇️

What is NFT, Article “The hidden side of NFT”, Livestream with Nimbus CEO, What is Bridge

Still not subscribed to our YouTube channel? Well, here’s a great chance to fix that! 😏

🎉We are happy to present you with a walkthrough of the Nimbus Platform!🎉

With this short explainer video, you will have a better understanding of the Nimbus Platform and the key value it brings to the world!

Write your thoughts on the video in the comment box and don’t forget to give it a big “thumbs up”!👍 LINK

👋Hey Nimbus Community, 

The Nimbus Academy on Lending is LIVE! 

💠 In this episode, Pedro Reyes, a member of the Nimbus tech team, whom we have already introduced to you before, will be talking about - Lending.

What will be discussed in this video? 
✔️  Difference between Lending and Borrowing in TradFi and DeFi
✔️  Types of blockchain-based Lending and Borrowing protocols (CeFi vs. DeFi)
✔️  The technical mechanics behind Nimbus Lend dApp
✔️  Practical scenarios to explain Nimbus Lend dApp in simpler terms
…And more!

💠Watch NOW👉 Here!

✋​​Your weekly crypto digest is here

🤔 Does any of you remember when was the last time that a traditional financial institution launched something revolutionary? Exactly, probably in the 20th century. Who knows how long this situation could last if blockchain technology didn’t emerge. Scared of losing control over money flow, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) finally announced it is working on an inflow translation service that will improve cross-border payments. Still, the question remains – can it compete with crypto?

🙊 In our opinion no, which is why an increasing number of companies start accepting payments in bitcoin. This week the international trading company Elektra, owned by Ricardo Salinas, one of the wealthiest men in Mexico, has announced a new agreement with BitPay.

🥇Talking about revolution, Robinhood announced it is launching a crypto gifting feature, which will allow users to send crypto to friends and family via the trading app starting Dec. 22. On top of that, cryptocurrency lender Nexo has teamed up with crypto hedge fund Three Arrows Capital to launch an NFT-backed lending service. The platform will initially accept Bored Apes and Cryptopunks NFTs, before adding more items continuously.

We wish you a good weekend!

Hey Nimbus Community,

We have been developing the Nimbus special NFT functionality in stealth mode so far…

⚡But today, for the first time, we are taking down the veil from this special feature!⚡️

We call it the Smart LP n-NFT — the first yield-generating NFT of its kind!😎

Since this is a new concept, we have created an entire blog post to explain it properly. There, you’ll discover:
✅  How you can receive diversified real-time rewards while holding n-NFT?
✅  What’s so special about it — and why is it actually called an NFT?
✅  How is it connected to the Lend dApp and LP functionality?
… And much more!

Read the blog post 👉 here and get ready to try the Smart LP n-NFT yourself soon!

👋Hey Nimbus Community,

Frens, WAGMI, gm… so many terms giving you FOMO?

Don’t worry, Nimbus Glossary is here to help you discover the meaning behind each of those 🙌

There’s one particular term that is being popularized lately: ✨Diamond Hands ✨

Check the image above 👆to discover its meaning

Here are some interesting facts about it:
✅ In the stock market, the term describes someone who is holding stocks religiously
✅ “Diamond hands” are undeterred by large swings in the price 
✅ The term is commonly expressed by the following emoji: 💎🙌
✅ It can also be used negatively to refer to stubborn holders who don’t let go of an asset despite its stably falling value

#NimbusAcademy #NimbusGlossary

👋Hello Nimbus Community, 

We see how you enjoyed yesterday’s article about the first yield-generating NFT! So here are some more insights for you:

Since it’s an unprecedented solution, we wouldn’t be surprised if you’re still wondering how it works…
🔹How is each n-NFT issued?
🔹How do your assets get distributed across dApps?
🔹How is it possible to receive 3 types of rewards while holding the n-NFT?
…And so on.

💡Great news: we’ve prepared a schematic infographic that addresses those questions! 

👆See the image above to discover the magic at play behind the Smart LP n-NFT!

#NimbusAcademy #NimbusInsights