Weekly update #8

Monday November 29

Enter.art logo
@enter.artPUBLISHED 29TH NOVEMBER 2021

Dear enterverse

Let’s start our weekly update on a high note: in the last week we have gained more than 20 000 new followers on our Twitter page!

The growth we have seen is joint effort by the enter community and team. We’ve been engaging crypto influencers and supporters to spread the word about our multi-currency update as well as the other most recent features in the enterverse. Be on the lookout for new articles, ads and highlights from enter.

💻 Development update
Last week we successfully added multi-currency support to enter.art. This means artists and collectors choosing enter as their platform can now choose between three currencies when they sell their NFTs.

  • The hyper deflationary $NFTART - Our governance token. A highly volatile currency at the moment, but with a huge growth potential in the long run.
  • The now also deflationary $BNB - The native and most liquid coin of the Binance smart chain. Or for the risk averse
  • $BUSD - the most liquid dollar-pegged stablecoin on the Binance smart chain.

In addition to giving artists and collectors more choices when they list their art - payments in these new currencies will also be adding a net buy pressure to the NFTART token.

Since then we have switched our development focus towards DeFi - where we are working on $NFTART staking with NFT rewards, NFT farming and other innovations.

🦈 Farm & pools
Our farm and pools on Autoshark has been extended for another month.

🚜 Farm: APY 452.12% | APR 170.86%
🌊 Pool:  $nftart/$fins APR: 266% | $nftart/$jaws APR: 213%

Quality of life update
- A bug that made some NFTs go missing from the owned tab is solved for affected users
- Added profile sale stats for enter.audio
Added "placeholder-animation" for NFT cards. When image is not loaded -> animated placeholder will be shown
- Added "placeholder-animation" for NFT details page. When image/cover/video is not loaded -> animated placeholder will be shown
- Load testing gallery, owned and home page on enter.art
- Rebuilt profile page to work much faster
- New footer implementation with live NFTART price
- Global, visual improvements

🚨 Sold section 
The sold section and logic in the categories on enter.art is undergoing iterative upgrades, and per wish from you we have decided to include multi mints in the sold section. Up until now only exclusive 1/1 pieces have showed up there, which has given a wrong impression of the number of NFTs sold across our platform.

↔️ Binance Bruno Upgrade / Hardfork 
As many of you know, Binance smart chain has been highly congested in the past weeks. With transactions, users and volume constantly crushing through new all time highs, the upgrade to facilitate for that type of growth can’t come fast enough. The rise in numbers affected the whole BSC network including the enter platforms. It caused congestions on the network leading to transactions failing, as well as making our internal blockchain data sync slow. The good news is that Tomorrow (30.11) Binance smart chain will undergo a hardfork (Bruno upgrade).  With the upgrade there will be applied bug fixes and the node sync is being improved by 60%. On top of that, BNB will become deflationary by burning a chunk of the gas fees. 

🤔 Q&A
How are they going to fix artists having to constantly re list their work every time theres a price change?
A: Artists are now able to list their works in BUSD to avoid price fluctuations if that is something they wish.

Q: Will it be possible to sell old NFTs with BNB or BUSD?
A:  Yes, any NFT can be listed in any currency. It does not matter if its old or new.

Q: What will be in enter.games? Will it be gaming NFT's or will it be a full fledge game(s)?
enter.games will be a game assets marketplace with built in gamification features. The marketplace will be geared towards gamefi & metaverse assets.

When will we have an AMA or a CEO talk? I ask on behalf of several posts asking the same just through the past week.
We will start having monthly team talks with a variation of the enter core and development team including guests and artists. More details will follow in next weeks update.

When can we expect to no longer be on Pancake Swap V1
That would be up to Pancakeswap and not us. We don’t own their smart contracts, and its outside of our hands. The LP tokens connected to the deployer account was burned in March, so the only ones that would potentially be able to shut down V1 and move the liquidity would be PancakeSwap.

As always:

In the enter communities, we value and respect each other. We do not tolerate hate, racism or judgemental behaviour. We love people in all shapes, sizes and colours from all corners of the world. We come together to enjoy NFTs, crypto, community and blockchain technology.

Stay SAFU and be kind ☀️

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