2021 Recap & What to Expect in Q1 2022
Hello NFThistorians, we hope you’re all well and that you had a great time celebrating the holidays with your family and friends. We wish you all peace, happiness and prosperity in 2022. Let’s make it a success together.
To mark the new year, we thought it would be nice to reflect on what we achieved in 2021 and what we’ll be up to in the first part of 2022. Let’s get to it.
A brief summary of 2021
2021 had its challenges, but we hope it also brought some good things along with it. At NFThistory, we made a lot of progress, including:
- Hosting our private sale
- Running several community contests
- Releasing our much-anticipated testnet
- Growing our Twitter and Telegram communities
Our content team has also worked hard to create NFT guides for our community. These thought leadership pieces explore different use cases of NFTs, as well as what the technology means for society and humanity. Some of the more popular reads include:
- The Value of Owning Something Unique Like Historical NFTs
- Using NFThistory to Preserve Your Memories
- Ways to Invest in NFTs
We can confidently say that 2021 was quite fruitful for us. We’re on the path to becoming the world’s first platform for owning moments of history. We think it’s pretty special — and we hope you stay for the whole ride.
Now, let us move on and review what awaits us in Q1 of 2022.
HSY Staking
We will enable our users to stake our native $HSY token. So that everyone is clear on what this entails, let’s briefly explain the ins and outs of staking.
There are two major ways new blocks on the blockchain are created (and you can take a look at this article to familiarize yourself with the concept of blockchain as well): proof of work and proof of stake (PoS). With PoS, a staker can help the network validate blocks by locking, or staking, their coins on the network for a period of time. The network then rewards those who stake their assets, as they enable transactions to process and new blocks to be created.
Staking is an alternative to mining, which is what proof of work networks like Bitcoin require.
By staking your HSY tokens on the NFThistory blockchain, you can help our platform develop and earn rewards. That’s right — you can earn yield just by locking your HSY tokens on our platform.
We’ll have more details on just how much you can earn with HSY staking soon. So, stay tuned!
Token Burn
Also in Q1 of 2022, we will begin burning a certain amount of our token supply stored in the treasury. Burning coins is a popular way to drive deflation, as it ensures the market isn’t flooded with HSY tokens (which could devalue the token).
For instance, the price of Bitcoin is said to be tied to its scarcity. By burning HSY tokens, we can ensure that same sort of scarcity. While it’s not a surefire way to increase value, it should improve the HSY token’s fundamentals and sustainability over the long term.
We can’t provide all the details on our token burn strategy now. But we’ll have more information soon, and we’ll certainly take into account our community when making key decisions regarding tokenomics.
There is also a separate discussion about value and price to be had. If you wish to learn our thoughts on this very broad and deep topic, you can read this article that we published on our Medium blog.
Soon, we plan on publishing a more detailed overview of our tokenomics. Stay tuned for that.
CEX Exchange Listing & NFT Drops
The other major milestone we plan to achieve in Q1 is listing on a centralized exchange. This would be huge for project awareness and growth, and could lead to some amazing network effects. Keep your eyes peeled for this announcement.
Q1 will also have lots of exciting NFT drops. We plan to list some NFT package offers on our site. This will help raise revenue while giving community members access to multiple dates at a discount.
We’ll also run some date lotteries. We’ll include some valuable dates too, as we want to reward our early supporters!
About NFThistory
NFThistory is the world’s first platform for acquiring and transferring ownership of historic moments using blockchain. From the landing on the moon to the birth of Bitcoin, you can own, buy and sell any date and moment in human history on NFThistory’s platform.
If you wish to stay up to date with our project you can visit our:
