Introduction to the Historical Milestone
CyberKongz, a pivotal player in the NFT space, recently took to Twitter to detail their latest endeavor, a project they’ve dubbed “DECENTRALIZED.” This initiative marks a significant stride towards autonomy in the digital asset realm, one that veers away from traditional venture capital and exchange funds.
Emphasizing Independence and Strategic Execution
The crux of the DECENTRALIZED project lies in its self-reliant approach. By steering clear of external funding sources like venture capitalists and exchange funds, CyberKongz aimed to retain complete control over the development and execution of their project. This approach was pivotal to maintaining the integrity and provenance that the CyberKongz community values.
Technical Insight: The Backbone of DECENTRALIZED
Partnering with the Best: CyberKongz didn’t go at it alone. They partnered with notable technology collaborators such as Ordinal Miners, MutableTrees, and NFTRanching to ensure a solid technical foundation.
Infrastructure and Operations:
- Infrastructure Readiness: Setting up multiple Bitcoin nodes and Ordinal instances was crucial to manage the blockchain operations seamlessly.
- Rune Specifications:
- Ticker: ⚡DECENTRALIZED
- Divisibility: Set at 2, allowing for granular transactions.
- Premine: 21 billion units premined to benefit existing Prometheans holders.
Innovative Techniques and Cost Management:
- The unique ‘Replace by Refund’ method offered an alternative to the traditional Replace by Fee (RBF), focusing on cost-efficiency and ensuring prompt transaction confirmations.
- The deployment of Taproot commit transactions ahead of potential competitors showcased strategic foresight, ensuring transaction readiness amidst network congestion.
Setting the Stage for Future Innovations
The DECENTRALIZED project by CyberKongz is more than a technical feat; it’s a testament to the potential of collective vision and technological partnership. By rejecting traditional funding routes and leveraging cutting-edge blockchain strategies, CyberKongz has not only secured a place in the annals of blockchain history but has also paved the way for future innovations in the NFT space.
How we created history and etched ⚡DECENTRALIZED:
Rune #2
First off, we put forward a considerable amount for the culture. For provenance. For the journey. Everything Prometheans represents.
No VCs. No exchange funds. No capital raised.
Executing this required precise… pic.twitter.com/8FD7pkSvgL
— CyberKongz (@CyberKongz) April 20, 2024
TLDR: CyberKongz successfully launched the DECENTRALIZED project, highlighting their commitment to independence and strategic innovation. By partnering with technology leaders and employing novel blockchain techniques, they have set a new benchmark in the NFT ecosystem.