Hey Nimbus Community,

Yesterday, a tech update announced a change in the LP Staking APR rates, specifically influencing the NBU/GNBU pair.

After implementing the update, the rewards on the users' dashboard were not being displayed correctly. This is a technical issue and the tech team is addressing this concern as we speak.

Users’ rewards that were accumulated during the LP Staking period under the previous APR have already been sent to the users' wallets via the airdrop.

It is essential to mention again that the current measures are aimed at stabilizing the Nimbus Platform's economy and enhancing the project's functionality improvement.

Thank you for your patience and support. We apologize for any inconvenience caused due to the announcement and the tech implementation 🙏

✋Hey Nimbus community,

🤩 Tesla didn’t disappoint: the value of the company’s Bitcoin holdings remained unchanged at $1.26 billion for the second straight quarter. Who knows, maybe with the acquisition of Twitter cryptocurrencies will be finally integrated into the platform.

😳 Who decided that the Telegram crypto project is dead? The TON Foundation said it has raised over $1 billion in donations from users to advance its ecosystem. The funds came via 176 separate donations, with most coming from large holders.

🥺 Dogecoin deodorant is back on the market. Last year, AXE offered up 1000 limited-edition Dogecans for free, which were snatched up by the Doge community in under 10 minutes. Will it succeed in pushing Dogecoin to $1 USD this time?

😶‍🌫️ Snoop Dogg, in collaboration with MOBLAND, will create digital marijuana farms in the project's meta-universe. The startup was backed by Twitch co-founder Justin Kang, Terra co-founder Do Kwon, Animoca Brands, and other investors.

👾 Blockchain gaming is gaining momentum. Activity in the sector has grown 2,000% from the previous year, attracting 1.22 million unique active wallets in March. Axie Infinity was responsible for 22,000 of those despite the $615 million Ronin Bridge hack.

👋Hey Nimbus Community, 

What happens if there is an NFT you really wish to acquire, but its cost is too overwhelming?😫

This is where F-NFTs open new horizons! 😎 Don’t know what that is❓

Fret not, today’s segment of the Nimbus Glossary is covering ✨F-NFTs✨

F-NFTs have created a revolution that opened new horizons in the NFT sector. Some more benefits of NFT fractionalization are:

✅ Price Discovery: F-NFTs can help users assess the market value of the NFT quickly. 

Suppose you have digital painting and you wish to assess its market value. All you need to do is fractionalize that NFT and sell a fraction of it on the market.

✅ Liquidity: NFT fractionalization solves the liquidity issues that come with NFTs. When selling a high-priced NFT, you need to rely on the collectors who can acquire such a high-value asset. But with F-NFTs, you can segregate the ERC-721 token into multiple ERC-20 tokens and sell each token individually. Hence, one can generate a lot of interest for the asset and address the liquidity issue to a large extent.

✋Hey Nimbus community,

👾Because of the geopolitical tension, the number of millionaire addresses has been increasing steadily for over two months already. 1,629 whales are holding between 10 to 100k that are either new or have returned to the millionaire status.

😳The notorious whistle-blower acknowledges disclosed that Edward Snowden was amongst the creators of zcash, a leading privacy-protecting cryptocurrency. As recently as this month, Snowden addressed a group at the launch of the privacy coin Nym, in Paris.

😱BlackRock Inc., the world’s largest exchange-traded fund issuer, launched its debut blockchain-focused ETF, which tracks companies involved in the “development, innovation, and utilization of blockchain and crypto technologies”.

😍Fort Worth, Texas, has become the first city government in the United States to mine BTC. Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a week, in the climate-controlled information technology wing of Fort Worth City Hall.

😌Wanchain and Cardano’s InputOutputHK are collaborating on enabling interoperability between the Cardano mainnet, sidechains, and other blockchains. This partnership could bring numerous EVM dApps and assets into the Cardano ecosystem.

👋 Hey Nimbus Community,

You may be wondering - Where are the Lend/Borrow dApps?🤔

The wait is over…🙌

The Lend and Borrow dApps were relaunched today, on May 2, 2022.

What’s new within the Lend/Borrow dApps?

General update:
✅ The APR bug has been fixed

For lenders:
✅ Lenders can now withdraw their previous NBU, GNBU, BNB and BUSD deposits
✅ Lenders can make fresh deposits to get rewards in BNB and BUSD tokens only

For borrowers:
✅ Borrowers can redeem previous NBU, GNBU, BNB and BUSD loans
✅ Borrowers can take out new loans in BNB and BUSD only

❗Note:
As you can see, NBU and GNBU deposits have been disabled from the dApps. As a part of the NBU and GNBU tokens' value stabilization/uptrend strategy, we wanted to prevent the additional unpredictive pressure that NBU and GNBU loans create on the existing system.

Although this appears to be relative only to the Borrow dApp in hindsight, it affects the Lend dApp as well, as both systems are Interdependent on each other since they operate on the same liquidity pool.

More details will be released soon, so, stay tuned! 😉

👋 Hey Nimbus Community,

The new age of the internet is upon us - the Web 3.0!

But it also brings with it a new learning curve of terms, concepts, tech stacks, and slang!

If you’re feeling the FOMO, let’s get you up to speed with all things Web 3…Basics first!

So, the word of the day is - Web 3.0.

The "Web 3.0" term was coined by Tim Berners-Lee, who originally named it the “Semantic Web.”

The 🏗 pillars of Web 3.0 include - permissionlessness, trustlessness, decentralization (open), portability, and composability.

The evolution of the Web:
✅ Web 1.0 - Myspace and Livejournal
✅ Web 2.0 - Uber, Airbnb, Facebook
✅ Web 3.0 - Bitcoin, Ethereum

What sets Web 3.0 apart from Web 2.0?
While the ERA or Web 2.0 was driven by the advent of 📱 mobile and socialization and ☁️cloud, Web 3.0 is primarily being built across new layers of technological innovation, including - 🤖artificial intelligence, ⛓ decentralized data networks, and 🖥 edge computing.

In Web 2.0, personal computer hardware was commoditized in data centers. In Web 3.0, the data centers are spread right until the edges and often right into the✋hands of the distributed users.

What makes up Web 3.0?
🌟 Decentralized Finance (DeFi)
🌟 Decentralized Autonomous Organizations (DAOs)
🌟 Play-to-Earn (P2E/GamFi)
🌟 Non-Fungible Tokens (NFT)
…and so much more!

✋Hey Nimbus community,

✅ Starbucks plans to create a series of branded NFT collections, the ownership of which initiates community membership and allows for access to exclusive experiences and perks. It looks like in 10 years, the industry will be much bigger than many expect.

🍏 Gucci enters the digital world. The brand will accept cryptocurrency payments in some US stores at the end of this month and plans to extend the pilot to all of its directly-operated North American stores this summer. Waiting for the same from Nike!

🥇The historic event for the Tron ecosystem - USDD, a new stablecoin, was launched and entered circulation on May 5 morning. According to the official announcement, USDD will be issued on TRON, Ethereum, and BNB Chain. Justin Sun promises no centralization.

👍🏻 Is California becoming the biggest crypto hub? Its governor signed an executive order to create a transparent regulatory and business environment for Web 3 companies in the state. Waiting for what the crypto-asset regulations will look like.

👽 Great news for the French crypto community! Binance has registered with France's market regulator. It is the first EU country to register Binance, which is also seeking registration in Switzerland, Sweden, Spain, Netherlands, etc.

👋 Hey Nimbus Community, 

Gentle reminder - the livestream with Nimbus senior management begins in 24 hours!

Date: May 9 at 4PM CET

Don’t miss out on the valuable insights shared during the stream!

▶️ Link will be shared right before the event, so stay tuned.

Nimbus Senior Management is addressing the community in one hour!

⏰ Today, at 4PM CET

The link will be posted right before the stream.

We highly recommend to watch the stream till the end as you'll have a chance to receive a reward from the 100.000 NBU prize pool 😉

The stream is about to start! You can join in here 👉 https://youtu.be/5scFknikhb4

Thanks to everyone who joined us today and watched the livestream with the Senior Management! 🙌

The recording of the stream with subtitles will be available tomorrow on our official YouTube channel.

👋 Hey Nimbus Community,

The video of yesterday's livestream with the Senior Management with subtitles in English is on the YouTube channel already! Check it out 👉 here

Russian and Spanish subtitles will be added a bit later. Meanwhile, you can use automatic translation.

Also, we remind you of the contest that Alex Lemberg announced yesterday. Here is what you need to get a chance to win from the 100.000 NBU prize pool:

1️⃣ Watch the livestream's video
2️⃣ Give it a big thumbs up
3️⃣ Leave a meaningful comment down below the video*

*We will pick four most interesting comments (and/or those that gain the most likes) by May 13th and send the rewards to the four winners via the airdrop.

👋Hey Nimbus Community,

There’s a new standard on the market, and it promises a lot – a new level of accountability and no more Rug Pulls. Today on Nimbus Glossary, we're talking about the term ✨ERC-721R✨

So let’s look at a few key points and see if it is, in fact, as good as advertised.

How ERC-721R works:

You get a mechanism to lock the funds transferred to a smart contract for a certain period, so creators cannot withdraw it, giving minters the possibility of a refund – No questions asked!

The benefits of such a standard are pretty impressive for both parties:

✔️ No more Rug Pulls
✔️ Higher accountability
✔️ Protection for floor prices
✔️ Lower risk for buyers
✔️ Boost in credibility for serious creators

Sounds too good to be true? Some people think so too. While others think that it might potentially open the possibility for harmful behavior and can place some projects at risk.

‘Max minting’ is the problem that immediately comes to mind – buyers going for refunds when they cannot sell above the floor price.

Even so, if the refund price is set lower than the mint price, it leads to a situation that’s not ideal but also not that bad for both parties. Refund rates wouldn’t be that high, but buyers would still have the certainty they won’t face a total loss.

Is ERC-721R an improvement?

It’s definitely a step forward, even if it needs close scrutiny and probably a few adjustments. But, there’s no doubt it brings a new and improved dynamic. It is a template worth trying, one that you can adapt in any way you consider best.

If you’re a buyer, the golden rule remains – DYOR! Make sure the project has a solid and trustworthy team behind it. And watch out for any secondary withdrawal feature included as a bypass.

FOMO is not necessarily a bad thing, but caution is essential. ERC-721R can prove extremely valuable, but it must first pass through serious scrutiny.