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How Tezos Greatest NFT Market Got here Again To Life


Tezos is considered one of plenty of rising blockchains that’s trying to achieve a foothold within the NFT house, and has loads of core competencies to take action. In final weekend’s ‘NFTs In A Nutshell,’ we briefly coated the shutdown of HicEtNunc, generally often called HEN. The platform was extensively utilized because the main Tezos market, and to say it’s shutdown was abrupt would possible be an understatement.

This week, members of the Tezos group got here collectively, spearheaded by the parents over at DNS, to revive the HEN platform.

Tezos Shows Neighborhood Energy

In a quickly rising panorama, HEN had constructed it’s place because the Tezos NFT chief, rising to the 4th most energetic NFT platform throughout all blockchains, in response to DNS. The platform was continuously essentially the most energetic app working on Tezos.

HEN’s founder, Rafael Lima, had reportedly stepped away from the undertaking after it’s creation in March 2021. The undertaking’s Twitter bio was left to easily say “discontinued.” The final tweet from the account was the undertaking’s good contract handle. Many customers believed that HEN was midway within the grave, however avid group members stepped up.

The staff at DNS, together with a well-assembled and geared up staff, swiftly received into motion. DNS has since launched a sequence of tweets outlining the steps taken to deliver HEN again to life, reviving the platform for what many at the moment are calling HEN2.0. DNS additionally launched a deeper dive within the course of by way of their weblog.

The staff offered real-time updates through Twitter Areas, and remains to be within the technique of shifting HEN to being a community-driven DAO. Though many mirrors have been rapidly established, the extensively accepted new area may look acquainted – https://hicetnunc.artwork/.

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Tezos (XTZ) has been falling, alongside many different cryptocurrencies, with no help from the current state of the HEN platform. It stays to be seen if the decentralized 'HEN2.0' may also help proper the ship.  | Supply: XTZ-USD on TradingView.com

The place We Go From Right here

The restoration staff has described this as “one of many largest #web3 coordinated restoration efforts.” DNS labored with Pinata to finish a full migration of HEN NFTs. This was potential solely out of the truth that blockchain expertise exists, as a migration like this with a centralized platform would possible be unattainable. Moreover, this preserved the lifeblood of the platform: the artwork that was residing on it. It wasn’t simple, and the method ended up exposing plenty of totally different vulnerabilities within the contract.

Whereas group members proceed to work in direction of establishing the DAO, TezTools has taken over predominant tasks of the platform’s good contract. Moreover, Lima diminished the platform price to it’s minimal potential at 1%.

Nonetheless, heated debates proceed on within the Tezos group, by way of Discord, Twitter, and the HEN group web site, about what the longer term holds for the platform.

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Featured picture from tezos.com, Charts from TradingView.com





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