1️⃣ Unlike traditional NFTs, Open Dollar’s NFTs are 100% on-chain
In this thread, we’ll explore the differences between on-chain and off-chain NFTs, and why on-chain NFTs are better! https://t.co/Tpi4mQ5kxN
— Open Dollar (@open_dollar)
Feb 15, 2024
In this thread, we’ll explore the differences between on-chain and off-chain NFTs, and why on-chain NFTs are better! https://t.co/Tpi4mQ5kxN
— Open Dollar (@open_dollar)
Feb 15, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
1️⃣ Unlike traditional NFTs, Open Dollar’s NFTs are 100% on-chain
In this thread, we’ll explore the differences between on-chain and off-chain NFTs, and why on-chain NFTs are better!
In this thread, we’ll explore the differences between on-chain and off-chain NFTs, and why on-chain NFTs are better!
2️⃣ Regular NFTs store a majority of their important data off-chain
While the token ID and smart contract is on the blockchain, the metadata, images, and other contents are kept on centralized servers or IPFS
— Open Dollar (@open_dollar)
Feb 15, 2024
While the token ID and smart contract is on the blockchain, the metadata, images, and other contents are kept on centralized servers or IPFS
— Open Dollar (@open_dollar)
Feb 15, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
2️⃣ Regular NFTs store a majority of their important data off-chain
While the token ID and smart contract is on the blockchain, the metadata, images, and other contents are kept on centralized servers or IPFS
While the token ID and smart contract is on the blockchain, the metadata, images, and other contents are kept on centralized servers or IPFS
3️⃣ Off-chain information is often the most valuable part of these NFTs, such as artwork, music, & other digital data
While storing this data off-chain reduces load on the blockchain network, it also leaves it vulnerable to deletion, corruption, change, or being inaccessible
— Open Dollar (@open_dollar)
Feb 15, 2024
While storing this data off-chain reduces load on the blockchain network, it also leaves it vulnerable to deletion, corruption, change, or being inaccessible
— Open Dollar (@open_dollar)
Feb 15, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
3️⃣ Off-chain information is often the most valuable part of these NFTs, such as artwork, music, & other digital data
While storing this data off-chain reduces load on the blockchain network, it also leaves it vulnerable to deletion, corruption, change,…
While storing this data off-chain reduces load on the blockchain network, it also leaves it vulnerable to deletion, corruption, change,…
4️⃣ Considering how valuable NFTs can be, storing their data off-chain introduces unnecessary risk to the owners just to save space on the blockchain
So what is the alternative?
— Open Dollar (@open_dollar)
Feb 15, 2024
So what is the alternative?
— Open Dollar (@open_dollar)
Feb 15, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
4️⃣ Considering how valuable NFTs can be, storing their data off-chain introduces unnecessary risk to the owners just to save space on the blockchain
So what is the alternative?
So what is the alternative?
5️⃣ Fully on-chain NFTs
On-chain NFTs store all data including images and metadata directly on the blockchain
This makes them fully decentralized, immutable, and immune to the risks associated with off-chain NFT storage
— Open Dollar (@open_dollar)
Feb 15, 2024
On-chain NFTs store all data including images and metadata directly on the blockchain
This makes them fully decentralized, immutable, and immune to the risks associated with off-chain NFT storage
— Open Dollar (@open_dollar)
Feb 15, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
5️⃣ Fully on-chain NFTs
On-chain NFTs store all data including images and metadata directly on the blockchain
This makes them fully decentralized, immutable, and immune to the risks associated with off-chain NFT storage
On-chain NFTs store all data including images and metadata directly on the blockchain
This makes them fully decentralized, immutable, and immune to the risks associated with off-chain NFT storage
6️⃣ Open Dollar’s NFVs are 100% on-chain
Since we’re pioneering the storing of vault information and access on NFTs, we chose the most secure design possible to eliminate the risks of data loss or server malfunctions
— Open Dollar (@open_dollar)
Feb 15, 2024
Since we’re pioneering the storing of vault information and access on NFTs, we chose the most secure design possible to eliminate the risks of data loss or server malfunctions
— Open Dollar (@open_dollar)
Feb 15, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
6️⃣ Open Dollar’s NFVs are 100% on-chain
Since we’re pioneering the storing of vault information and access on NFTs, we chose the most secure design possible to eliminate the risks of data loss or server malfunctions
Since we’re pioneering the storing of vault information and access on NFTs, we chose the most secure design possible to eliminate the risks of data loss or server malfunctions
7️⃣ All important data for NFVs are contained within the NFTs
From the metadata about your vault to the dynamic display images that render automatically
You can learn more about NFVs on our blog: https://t.co/VyjmQEPDqS
— Open Dollar (@open_dollar)
Feb 15, 2024
From the metadata about your vault to the dynamic display images that render automatically
You can learn more about NFVs on our blog: https://t.co/VyjmQEPDqS
— Open Dollar (@open_dollar)
Feb 15, 2024
mirror.xyz
A primer on NFVs and how Non-Fungible Vaults improve CDPs
Traditional CDPs tie ownership of collateral to a user account. This makes them non-transferable while requiring users to access the protocol’s front end to interact with it. Open Dollar introduces non-fungible Vaults (NFVs) as a solution to these issues!
🎉 We've surpassed 4,000 holders for ODG!
It’s been an exciting month for Open Dollar since the release of our governance token, any guesses on how long until we reach 5,000? https://t.co/JWXJE5UcfK
— Open Dollar (@open_dollar)
Feb 16, 2024
It’s been an exciting month for Open Dollar since the release of our governance token, any guesses on how long until we reach 5,000? https://t.co/JWXJE5UcfK
— Open Dollar (@open_dollar)
Feb 16, 2024
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🤔 Yet to claim your ODG airdrop?
🏦 All unclaimed ODG goes to the DAO treasury at the end of the claim period on April 17th
Check your eligibility now and let your friends know!
https://t.co/i7bRsvRTu9
— Open Dollar (@open_dollar)
Feb 18, 2024
🏦 All unclaimed ODG goes to the DAO treasury at the end of the claim period on April 17th
Check your eligibility now and let your friends know!
https://t.co/i7bRsvRTu9
— Open Dollar (@open_dollar)
Feb 18, 2024
Tally
Open Dollar | Claim
Claim tokens page.
Our co-founder @cupojoseph is giving a talk titled:
"Value: How to Accrue It To Tokens"
at 5:00pm MST on Friday Feb 23, at the main ETH Denver venue on the Submarine Stage. https://t.co/NL99y7Eyya
— Open Dollar (@open_dollar)
Feb 18, 2024
"Value: How to Accrue It To Tokens"
at 5:00pm MST on Friday Feb 23, at the main ETH Denver venue on the Submarine Stage. https://t.co/NL99y7Eyya
— Open Dollar (@open_dollar)
Feb 18, 2024
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1️⃣ Are you a Web3 leader planning to attend @EthereumDenver?
Want to let the world know what you’re #BUIDLing? 🔨
Open Dollar is happy to put you and your project in the spotlight! https://t.co/qIpsRrd0k8
— Open Dollar (@open_dollar)
Feb 19, 2024
Want to let the world know what you’re #BUIDLing? 🔨
Open Dollar is happy to put you and your project in the spotlight! https://t.co/qIpsRrd0k8
— Open Dollar (@open_dollar)
Feb 19, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
1️⃣ Are you a Web3 leader planning to attend @EthereumDenver?
Want to let the world know what you’re #BUIDLing? 🔨
Open Dollar is happy to put you and your project in the spotlight!
Want to let the world know what you’re #BUIDLing? 🔨
Open Dollar is happy to put you and your project in the spotlight!
2️⃣ We’ll be conducting interviews at the Open Dollar booth, complete with professional lighting, audio, and video from 9a-5p local time during the main event.
⏲ All you need to bring is 10 minutes of time, simply stop by or DM us to reserve your slot in advance!
— Open Dollar (@open_dollar)
Feb 19, 2024
⏲ All you need to bring is 10 minutes of time, simply stop by or DM us to reserve your slot in advance!
— Open Dollar (@open_dollar)
Feb 19, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
@EthereumDenver 2️⃣ We’ll be conducting interviews at the Open Dollar booth, complete with professional lighting, audio, and video from 9a-5p local time during the main event.
⏲️ All you need to bring is 10 minutes of time, simply stop by or DM us to reserve…
⏲️ All you need to bring is 10 minutes of time, simply stop by or DM us to reserve…
It's true what they say, Open Dollar has the best delegates https://t.co/vo9Y4aEYZr
— Open Dollar (@open_dollar)
Feb 20, 2024
— Open Dollar (@open_dollar)
Feb 20, 2024
X (formerly Twitter)
𝕐𝕒𝕝𝕠𝕣 𝕞𝕠𝕠𝕟 🌚 (@YalorMewn) on X
Why I’m becoming an @open_dollar delegate ⬇️
Minimal bureaucracy prevents centralized capture of the protocol & better security guarantees for users.
LST are the most predictable source of yield in the ecosystem, OD allows LST holders to accessing the…
Minimal bureaucracy prevents centralized capture of the protocol & better security guarantees for users.
LST are the most predictable source of yield in the ecosystem, OD allows LST holders to accessing the…
Love to see passionate community members like @paveldcr stepping up as delegates for @open_dollar! 💪 https://t.co/RtrXwzPYWd
— Open Dollar (@open_dollar)
Feb 21, 2024
— Open Dollar (@open_dollar)
Feb 21, 2024
Help speed up $ODG’s listing process on @CoinMarketCap in our new @zealy_io quest!
Check it out here:
https://t.co/yBLRZ02JbH
— Open Dollar (@open_dollar)
Feb 21, 2024
Check it out here:
https://t.co/yBLRZ02JbH
— Open Dollar (@open_dollar)
Feb 21, 2024
Zealy
Join Open Dollar
Open Dollar is a stablecoin protocol that enables borrowing against liquid staking tokens and Arbitrum-native assets using Non-Fungible Vaults (NFVs).
Try the Open Dollar App today and follow us on our socials.
Try the Open Dollar App today and follow us on our socials.
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🤔 Ready to explore @Arbitrum but haven’t yet crossed that bridge?
📖 Then our latest guide is a must-read!
⚡️ Learn how to bridge your assets for faster, more cost-effective transactions
https://t.co/FIPoHHOZOn
— Open Dollar (@open_dollar)
Feb 22, 2024
📖 Then our latest guide is a must-read!
⚡️ Learn how to bridge your assets for faster, more cost-effective transactions
https://t.co/FIPoHHOZOn
— Open Dollar (@open_dollar)
Feb 22, 2024
mirror.xyz
Bridging to Arbitrum: A Comprehensive Guide
In this guide we’ll provide a bit of background on Arbitrum and show you how to bridge your ETH or other assets to the Arbitrum L2.
At @EthereumDenver?
Don’t miss our Founder @cupojoseph’s talk on "Value: How to Accrue It To Tokens."
Happening in one hour on the Submarine Stage.
See you there! https://t.co/JF5ynZ6Ksn
— Open Dollar (@open_dollar)
Feb 23, 2024
Don’t miss our Founder @cupojoseph’s talk on "Value: How to Accrue It To Tokens."
Happening in one hour on the Submarine Stage.
See you there! https://t.co/JF5ynZ6Ksn
— Open Dollar (@open_dollar)
Feb 23, 2024
Are you attending ETH Denver? Be sure to stop by the Open Dollar booth!
We’ll be giving away Open Dollar NFVs containing $500 of $rETH & $wstETH to two lucky visitors
To enter, simply scan the QR code on our tabletop flyers 📰
We’ll look forward to seeing you!
— Open Dollar (@open_dollar)
Feb 24, 2024
We’ll be giving away Open Dollar NFVs containing $500 of $rETH & $wstETH to two lucky visitors
To enter, simply scan the QR code on our tabletop flyers 📰
We’ll look forward to seeing you!
— Open Dollar (@open_dollar)
Feb 24, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
Are you attending ETH Denver? Be sure to stop by the Open Dollar booth!
We’ll be giving away Open Dollar NFVs containing $500 of $rETH & $wstETH to two lucky visitors
To enter, simply scan the QR code on our tabletop flyers 📰
We’ll look forward to seeing…
We’ll be giving away Open Dollar NFVs containing $500 of $rETH & $wstETH to two lucky visitors
To enter, simply scan the QR code on our tabletop flyers 📰
We’ll look forward to seeing…
We've landed at ETH Denver! 🛬🗻🦄
If you’re attending, swing by the Open Dollar booth to meet the team, enter our NFV giveaway, and grab some free OD swag before we run out 🎁⌛️
We hope to see you all there! 👋 https://t.co/1RJlrbrkR5
— Open Dollar (@open_dollar)
Feb 25, 2024
If you’re attending, swing by the Open Dollar booth to meet the team, enter our NFV giveaway, and grab some free OD swag before we run out 🎁⌛️
We hope to see you all there! 👋 https://t.co/1RJlrbrkR5
— Open Dollar (@open_dollar)
Feb 25, 2024
X (formerly Twitter)
Open Dollar (@open_dollar) on X
We've landed at ETH Denver! 🛬🗻🦄
If you’re attending, swing by the Open Dollar booth to meet the team, enter our NFV giveaway, and grab some free OD swag before we run out 🎁⌛️
We hope to see you all there! 👋
If you’re attending, swing by the Open Dollar booth to meet the team, enter our NFV giveaway, and grab some free OD swag before we run out 🎁⌛️
We hope to see you all there! 👋
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