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Abstract
Here is the why in Hex Gorilla
The introduction of NFTs (non-fungible tokens) has forever altered the way we use blockchain technology. From the humble beginnings of Ethereum, when the introduction of dAPPs transformed the world completely, to the next wave of tokenized commodities, the ability to own and run something unique is immensely compelling by nature. To this end, the Hex Gorilla team, along with the Talis Protocol, decided it was Terra ($Luna) to develop our visions. The inherent stableness of $UST and the development environment of the Rust programmable language lend themselves to the adoption of the most innovative and ambitious projects we have seen. With low transaction fees and a robust community of early adopters, this silent sleeper chain has quietly gained a 34.32 billion market cap within the overall cryptocurrency and blockchain development arena. Ranked currently at #8 in the most valuable ecosystems in our community, it is hard to believe the Terra mainnet was launched on April 24th, 2019. While others, like Ethereum, launched years earlier on July 30, 2015, Cardano on September 27, 2017, and going back even further, you have Tether ($USDT) in 2015, Steller (XLM) in 2014, Dogecoin (DOGE) in 2013, and Litecoin (LTC) in 2011. The world was changed forever when Satoshi Nakamoto unveiled his whitepaper title, "Bitcoin: A Peer-to-Peer Electronic Cash System." in 2008. In 14 short years, we went from being able to theoretically send money anonymously to each other to a system that is hard to define and even more difficult to keep up with its rapid development and innovation. With the mitigation and necessary relief of Ethereum’s growing congestion and almost prohibitively high transaction fees, we found the rise of layer 2 solutions like Polygon, Arbitrum, Optimism, and X-Dai. With all this activity and various innovative projects, it’s no wonder Terra came along and changed it all.
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