Elacity moving into 2022
Tags: Web3, Blockchain

Hello Elanauts! We have had an exciting and eventful year within the Elastos ecosystem and now is a great opportunity to give an update on ela.city, to reflect on where we are today and where we are headed as we move into 2022!

Elacity

The Bella Series

Web 3 Conference

Elastos Gold

Elacity Map

CR Passport

Welcome to Elacity, the Elastos Marketplace and surrounding ecosystem project. Our goal is to bring smart contracts and aggregated services to Elastos to help power a new economy using Web3 technology. Elacity was first drawn up in 2018 as a digital asset marketplace, UI mockups were made and teased to the community in 2020, and this year, with Elastos technology maturing and support, we began the process of building out the vision.

Elacity wouldn’t be possible if not for the hard work from our development team, from Elastos Orchard, and our community where donations have come through Elastos’ co-founder Feng Han and members via NFT Art and Gold token offerings. Thank you all for your support and encouragement.

Over the past few months, we have built and achieved an Opensea V1 marketplace for Elastos, enabling users to;

Mint Elastos Smartchain NFTs,

Create and browse each other's shops,

Make offers directly to each other,

List assets for a fixed price,

Put on auction for a set amount of time.

As a result, we have brought new contracts and features to Elastos including building the first NFT environment for desktop users which can help lower barriers to external adoption. To celebrate this milestone, we will officially launch Elacity and our limited edition 500 total Bella Series Collection on the 24th of January.

Shortly, we will additionally introduce NFT collections and an ELA to WELA converter, enabling a better user experience and giving creatives a place where they can launch and mint large amounts of NFTs onto our marketplace. We will explore aggregating external ESC NFTs on Elacity and accepting ERC20 tokens such as USDC and Elastos GOLD.

With ESC fees currently less than 1cent, we encourage artists to reach out to our team today should you want to have one of the first Elacity collections prior to launch. We are excited to have already worked with external artists to bring limited-edition off-brand and experimental NFTs to purchase via the Elacity Auction House in 2022. We welcome all forms of creativity and will enjoy promoting artwork and collections on Elacity as we grow.

The Bella Series

Bella is the mascot of Elacity, and this NFT funding round marks our first ever limited edition series where a total of 500 Bellas will be made available to purchase with the official launch of Elacity.

Today, we are pleased to announce that we have teamed up with Profile to become one of the first spaces on its platform, with a goal of building an Elacity think tank and forming a small tightly-knit knowledge hub to support and counsel on important growth decisions. Each Bella NFT will grant you access to the Bella space on Profile.

Whilst the Bella Series are there to make you smile and be enjoyed as original Elacity issued art, it is our wish that as Elacity and users on Elastos grows, so will the desire to acquire a scarce Bella NFT, and Elacity will strive to continue giving privileges and finding utility wherever possible for Elacity supporters and Bella holders.

We welcome artists, engineers, enthusiasts, and business developers to collect a Bella NFT and come connect and have a voice in how we build out the Elacity vision.

Web3 Conference

With the Web3 Conference kicking off on 26–7th of Jan 2022, Elacity is happy to announce it will be supplying the free NFT’s advertised to each ticket holder that attends. This is an exciting step towards onboarding new users to connect, collect and join Elacity and the Elastos Smart Chain environment. We will create a collection for this giveaway in the coming weeks. Suggestions or collaborations are welcome! We will additionally work with our partners to further promote NFT utility and create opportunities for platforms using Elastos technology.

Elastos Gold

One of the first success stories of Elacity in 2021 has been Elastos GOLD. GOLD was independently created in early 2020 on the Elastos Smartchain where with the launch of Glide Finance this year it’s total supply was made available via a fair launched liquidity contract for the community.

With a total supply of only 1000 GOLD, no inflation, and starting at around 5c per GOLD (with high price impact), GOLD’s price rose to an all-time high of $820 per GOLD, teasing towards a $1million marketcap! As redistribution has taken place, the price has since settled at around $300 per GOLD and we are excited to see its status continue to grow alongside Elastos as a popular ESC collectible whilst we work to bring utility via Elacity.

Long-term Elastos member Vegas Mike helped create the tokens art and the community has donated over 105 GOLD, empowering us to set up the Elacity GOLD vault found here. This will be governed by our City Council DAO with a goal to grow our supply, to lock GOLD and ELA liquidity and bring a healthy trading environment and rising price floor.

As part of The Bella Series, all ELA raised from Golden Bellas will be paired with GOLD and locked into our liquidity vault.

Gold art and donations have been made by the community. We would like to thank the following community members; Pahini, FoxFortyTwo, Uthuk, Bunny Punk, Jeff Way, Vegas Mike, Austrader, Roboznt, Anon 1, Anon 2, Chrono, Nenchy, Mad Max, and Shaq. Thankyou all who have supported GOLDs growth in other ways too, this is grassroots, fun, and really feels like a community token already.

Elacity Map

Welcome to Elacity! This is our home. We have delivered the Elacity map V1, including districts and areas which are inspired by many long-term builders.

We believe the Metaverse will play a huge part in the future with the advancements of VR and AR technologies, we have set a vision for the future where we can build a virtual city under the Elacity name, trade land parcels, and move into an immersive experience. This is a north star, where a simple 2D view of our map today can help remind and inspire. You can zoom in and view the map in 8k here.

Elacity moving into 2022

Today Elacity is focused on building out its marketplace and underlying infrastructure. With all the initial fundamentals in place, we will bring DID and verifiable credentials next and revamp our Passport Office. Our goal is to innovate and create a traffic light system where users can add credentials to their Shops, and with it levels of decentralized third-party verification to build trust with buyers. Such options could include Twitter or Discord log-in DID verification all the way to a fully (real) Passport KYC’d identity credential.

We are excited to announce and talk about our plans to build the Cyber Republic Passport. This will represent the highest level of credential available and will be made available on Elacity in Q1 of 2022. We believe 2022 is the year of DIDs and verifiable credentials, and Elacity will offer tools to buy and trade DID names and reputation before moving into our next phase.

Thankyou everyone for all your support today, we are extremely excited to continue building and growing the Elacity platform and raise Elastos awareness and bring new services.

Please remember Elacity is subject to all the risks of any startup and must continue to raise and bring funding to grow and survive. Today, we are still grassroots and reliant on crowdfunding methods and donations to keep developing. If you believe in our vision and what we are doing, think about ways in which you can help us succeed and grow, from promoting the vision, onboarding creatives, purchasing our NFTs, or making donations.

2022 is the year for Elastos, we have many elements all coming together to be excited about and we wish everyone the best as we move into it. We wish you a great new year and a happy holiday. Keep up the hard work everyone! Onwards. Upwards. Elastos!