Monthly Recap #16 - November 2023
November in the enterverse has been packed with ENTER protocol updates and exciting announcements. From DAO vote delegation to art contests, this month’s recap will keep you up to speed on all things enter.
Dear frens of the enterverse,
The past month has been one for the history books in the entire crypto space, with both exciting and shocking announcements shooting left and right, and the bullish vibes returning stronger than we’ve seen in what feels like an eternity. Everyone keeping tabs on the enterNFT communities has also picked up on a good chunk of announcements leading us closer to the full ENTER protocol than ever before; The Symbiosis is coming together one announcement at a time.
With the rise of the market, we’re seeing an influx of old and new holders come around, and a lot of you are wondering what’s currently going on in the enterNFT ecosystem. To ensure that every holder, creator, and collector is up to speed without having to scramble through timelines and chats, we’ve compiled all things enter from November in this Monthly Recap as we’ve done monthly for the last 15 months.
We can also highly encourage everyone to take a trip down the archive if you haven’t been around for a while - there are plenty of juicy details in each Monthly Recap and the “Project Symbiosis” announcement articles you can find in “News From The Enterverse” here on enter.blog.
Now, let’s brush up on the details for November as we gear up for the final month in 2023. This journey is just getting started!
ENTER Protocol Updates
November was swiftly kicked off with a long-form post on X, preparing us all for the upcoming releases, and laying the groundwork for the full ENTER protocol launch.
The coming time is packed with releases leading up to the full $ENTER protocol launch, and we’re excited to document the process and have you all with us on the journey 🫶
— enter - NFT ecosystem ✨ (@EnterNFT) November 2, 2023
We’re currently gearing up for an eventful month where we’ll lay the foundation for a strong governance and…
In short, the ENTER protocol is a vesting and yield-boosting system that allows the enter community to participate in governance and receive emissions of $ENTER from designated gauges and pools. The protocol aims to unite all participants in the enterNFT ecosystem in a common framework, built to incentivize marketplace growth and community engagement through a full-fledged governance protocol.
We introduced the project, then referred to as “Project Symbiosis”, back in June, and we’ve since been focusing solely on building a strong foundation for the success of the protocol. Find the full whitepaper here, and a little sneak peek of the incoming reward portal in the attached tweet below:
Sneak peek: The first iteration of the $ENTER reward portal is brewing 🔮
— enter - NFT ecosystem ✨ (@EnterNFT) November 8, 2023
The portal shows
• NFT collections with trading rewards
• Tasks to earn $ENTER tokens
• The trades that receive rewards
...and more!
December can’t come soon enough ❄️ pic.twitter.com/YOc6AznrsI
This month we had the pleasure of rolling out the enter governance forum, governance.enternft.io, designed to create a transparent and efficient governance experience. In the forum, you’ll find a designated space for deliberation, discussion, voting, and consensus checks.
The first proposal is already in, and we’d love to encourage everyone to take the opportunity to be a part of influencing the enterNFT ecosystem in a healthy direction in the following months and years.
The ENTER governance forum is officially open!
— enter - NFT ecosystem ✨ (@EnterNFT) November 22, 2023
It's time for you🫵 to govern the enterverse 👊
A big welcome to everyone eager to be a part of the decision-making in the ecosystem. Curious how it all works?
The journey begins here 👇 pic.twitter.com/fWezK7dh4H
DAO Applications for ENTER Vote Delegation
To kickstart the protocol and ensure a broad group of participants in the governance process, enter will delegate a portion of our own voting power to a selection of DAOs. On November 7 we had the pleasure of extending a warm invitation to DAOs to apply for vote delegation. Find all details and the application form in the announcement article: DAOs Can Now Apply For ENTER Vote Delegation
Token Updates
$ENTER, the governance and reward token of our ecosystem, has seen several exciting updates since its launch in September, and this month has been no exception. The token was rolled out on Avalanche on Nov 13 and is now available for trading on BNB Chain, Ethereum, and Avalanche.
The contract address is the same across all three chains, and you can swiftly bridge it to your desired chain through our new bridge over at bridge.enter.art. The token can be traded on Traderjoexyz (Avalanche), Uniswap (Ethereum) and Pancakeswap (BNB Chain). Speaking of bridges, we’re also excited to soon introduce $NFTART to the bridge, so that you can easily bridge the two tokens of the ecosystem on the same bridge.
Contract address: 0x5bc4E94CE63c5470515Cbddc903F813580A2A08d
Last week we set sail for a new location on our multi-chain adventure, and $ENTER is now available on @BNBchain, @Ethereum and @Avalanche 🗺️📍
— enter - NFT ecosystem ✨ (@EnterNFT) November 20, 2023
🔔 Notifications ON to stay up to date on the next chapters in the @enterNFT journey pic.twitter.com/5N9wUNluRs
This month we also introduced a new mechanic to $ENTER: Monthly token burns. As you may have noticed, the enter bridge has a 1% transaction fee on all transactions made through the bridge. The fee accumulated will be burned monthly to curb inflation. This time around, 1227 $ENTER was burned out of circulation.
Wen burn? 🤔
— enter - NFT ecosystem ✨ (@EnterNFT) November 19, 2023
The 1% fee accumulated from the $ENTER bridge will be burned every month, decreasing the supply and curbing inflation 🔥
1227 $ENTER was burnt today, marking the first deflationary mechanism in the enter protocol pic.twitter.com/535X7zIbOk
$ENTER was also updated on Etherscan this month, with logo, links, and price, and can now be traced on block explorers across all three chains. On that note, $ENTER also made a run on Dextools this month, reaching second on Daily Gainers on November 21.
$ENTER on @DEXToolsApp daily gainers 📈 pic.twitter.com/4kuy7EQNcL
— enter - NFT ecosystem ✨ (@EnterNFT) November 21, 2023
$ENTER Quest
To celebrate the recent releases and spread the word of the ENTER protocol, we launched a new quest campaign this month, that will run for 14 days total. Jump on board to learn the ropes of the protocol, spread the word, and have some fun while competing for the top prizes: $ENTER tokens, merch, and Discord nitro are all up for grabs!
New quest live now 🔔
— enter - NFT ecosystem ✨ (@EnterNFT) November 21, 2023
Learn the ropes of the enter protocol and earn some fresh prizes
This one lasts for 14 days and covers all things $ENTER:
Create the best content, be the swiftest reply guy and help spread the word. LFG 🫡
Quest starts here👇 pic.twitter.com/LjYZBA0ofz
Art Highlights & Contest
Let’s not forget the foundation we’re all standing on, the amazing art and artists lighting up our ecosystem every single day. We have a new contest with the theme “Symmetry in Nature” with $50 worth of $ENTER on the prize table. Here’s a gentle reminder to join in, all mediums are welcome! Find this month's art highlights below.
ART CONTEST - Symmetry In Nature
— enter - NFT ecosystem ✨ (@EnterNFT) November 24, 2023
The mesmerizing, orderly repetition of patterns found in nature.
💜 Visual Art, Audio, Songs, Poems - express your vision!
$50 in $ENTER tokens for the winner 🤝
To enter
Post your submission on X, tag enterNFT and share the post in this… pic.twitter.com/vRZuXwzQgC
Stay on top of all things enter ⬇️
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Wondering what the state of the enterverse is? Here you can stay up to date on the latest developments and news from enter.
