Introduction to the historical milestone
CyberKongz, a pivotal player in the NFT space, recently took to Twitter to describe their latest venture, a project they’DECENTRALIZED.” This initiative marks a significant step towards digital asset autonomy, a move away from traditional venture capital and exchange funds.
With an emphasis on independence and strategic execution
The core of the DECENTRALIZED project lies in the self-reliant approach. By avoiding external funding sources such as venture capitalists and stock exchange funds, CyberKongz wanted to retain full control over the development and execution of their project. This approach was crucial to maintaining the integrity and provenance that the CyberKongz community values.
Technical insight: the backbone of DECENTRALIZED
Collaborate with the best: CyberKongz did not tackle 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 seamlessly manage blockchain operations.
- Rune Specifications:
- Ticker: ⚡DECENTRALIZED
- Divisibility: Set to 2, allowing detailed transactions.
- Premium: 21 billion units pre-primed for existing Prometheans holders.
Innovative techniques and cost management:
- The unique ‘Replace by Refund’ method offered an alternative to the traditional Replace by Fee (RBF), aimed at cost efficiency and ensuring fast transaction confirmations.
- Deploying Taproot commit transactions ahead of potential competitors demonstrated strategic foresight, ensuring transaction readiness amid network congestion.
Paving the way for future innovations
CyberKongz’s DECENTRALIZED project is more than a technical tour de force; it is a testament to the potential of a collective vision and technological partnership. By rejecting traditional financing routes and leveraging cutting-edge blockchain strategies, CyberKongz has not only carved out a place in the annals of blockchain history, but also paved the way for future innovations in the NFT space.
How we created history and ⚡DECENTRALIZED:
Rune #2
Firstly, we have set aside a significant amount of money for culture. For origin. Before the trip. Everything Prometheans stands for.
No VCs. No change. No capital raised.
Implementing 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 deploying new blockchain techniques, they have set a new benchmark in the NFT ecosystem.