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Stratis Monthly – December

December is here and Stratis is busier than ever as the year draws to a close. This past month has brought with it some exciting developments to share with you, including the announcement of Stratis’ first decentralized NFT platform and the inauguration of the Stratis Blockchain R&D Center at the GL Bajaj Institute of Technology & Management in India.

As 2022 fast approaches, we’re excited to see how these updates unfurl over the next year as the Stratis community continues to grow.

Stratis’ $100,000 Hackathon

After the success of the first two hackathons, Stratis launched the third edition, the Stratis Build Hackathon, on the 29th November. This hackathon aims to shine a light on new talent in the blockchain technology space by setting a criteria free from restrictions: the only requirement is that your submission utilizes Stratis Blockchain Technology.

The Hackathon Prize Pool boasts $100,000 USD, including a $30,000 USD Grand Prize and many other prizes ready to be won by participants. Stratis Build Hackathon also has several sponsors, including the APPG, CMS, and Triad Group Plc, with the latter two set to offer a bonus of $5,000 to entries that meet some of their specific requirements.

The Stratis Build Hackathon will close on the 30th January 2022 and winners will be announced on the 23rd February 2022, so join the 100+ participants in developing blockchain solutions now!

Stratisphere NFT platform announced

Let’s launch NFTs into the Stratisphere. In November 2021, Stratis announced the imminent release of their long-awaited NFT platform, Stratisphere. Stratisphere is the first decentralized NFT platform to be built on the Stratis platform, and it operates with 0% platform fees. You can follow the platform on Twitter @StratisphereNFT to participate in upcoming giveaways and to be the first in line to hear about new collections launched on the platform.

Stratis commissioned industry-first research into NFTs and blockchain

Stratis recently collaborated with the insight agency Opinium to release an industry-first piece of research into how game studios truly feel about the integration of blockchain technology into video gaming. Across 197 developers surveyed in the United States and the UK, 58% of developers are beginning to use blockchain and 47% have started to introduce non-fungible tokens (NFTs) to their titles. Two-thirds of studios expect the presence of blockchain to dominate the gaming industry within the next two years, and 56% of respondents plan to use such technology in the next 12 months. This confirms a perspective already held here amongst the Stratis community: blockchain and NFTs are an inevitable part of the future of video games.

Genesis NFT collection

This month, Stratis announced a Genesis NFT collection that is minted explicitly for InterFlux Decentralized Government Board members who carry out their operations through a Stratis Sidechain Masternode. At Cirrus Block 3,430,000 this December, active Stratis Sidechain Masternodes will receive a unique NFT from this new and finite collection. As not all members of the Stratis community can operate a Stratis Sidechain Masternode, Stratis will also launch an additional collection for its community, so watch this space for updates on how you can own one of the first NFTs issued on Stratis.

Cirrus tokens began trading

After recognizing that it is optimal to execute smart contracts on a sidechain rather than the Stratis mainchain, we devised the Cirrus token to avoid the mainchain congestion seen in common blockchains such as Ethereum.

On the 22nd of November, the resulting Cirrus token (CRS) began trading on DigiFinex. Cirrus tokens are required to pay for smart contract transactions conducted on the Cirrus Sidechain for DeFi, NFTs, and other uses. As Stratis extends its reach with the launch of our Stratisphere NFT platform, the demand for smart contract execution will soon surge, so we’re pleased to have the Cirrus token in place as our Stratis ecosystem continues to thrive.

You can read more about the Cirrus token here: https://www.stratisplatform.com/2021/11/19/explaining-the-cirrus-token/

Dawn of Ships update

Eagle-eyed members of the Stratis community may have noticed the Stratis flag featured on the updated cover art for the upcoming Dawn of Ships game. This latest update is a part that users will be able to buy and sell once the game goes live. Stratis is excited to be working with Dawn of Ships to develop an immersive and interactive game that allows the player to obtain and use NFTs as they play. Keep an eye out for updates on when Dawn of Ships will launch via their Twitter: @DawnofShips!

Polycarbongame proposal passed SDA vote

Stratis Masternode operators recently approved the proposal from Polycarbongame to create a gallery space that incorporates modern XR interfaces and revolutionizes the 3D gallery experience by allowing users access to interactive views of the NFT items that they can trade in the marketplace. Congratulations to Polycarbongame on a successful vote!

The Astroverse NFT giveaway

To celebrate the launch of Stratisphere, Stratis will distribute the first 2000 of the 20,000 NFTs from The Astroverse Club through giveaways on the platform’s Twitter account, @StratisphereNFT. Be sure to follow the account to be in the running to win one of them!

New Stratis Tutorials

We recently added a series of tutorials to our YouTube channel, Stratis Platform, to help our community master Cirrus and STRAX transfers. These videos are no longer than 4 minutes apiece and are quick and easy to follow. Find them here: https://www.youtube.com/c/StratisPlatform/videos

New NFT games released for community testing

Over the past two months, Stratis announced that they would be modifying the games Red Runner and NFT Knives to install new functions that can reward the player with various tokens. Red Runner, an open-source game developed by Bayat Games, was updated to include features such as a non-custodial wallet, NFT minting, and a play-as-you-earn function that rewards the player with tokens based on the distance they travel and the coins they collect in a session.

NFT Knives is an endless one-touch game in which animated knives are used to defeat obstacles and collect coins. Both of these games enjoyed exciting new updates when they were released for community testing this month, and we look forward to receiving feedback from players.

Launch of Stratis Blockchain R&D Center

Another exciting development this month was the launch of the Stratis Blockchain R&D Center in collaboration with the C# Corner and the GL Bajaj Institute of Technology & Management (GLBITM) in India. It was a privilege to visit the university this November for the launch event, and we look forward to working with GLBITM and the institution’s students in the near future.

Stratis InterFlux v2

Stratis’s interoperability solution, Stratis InterFlux, has become the first product under the Stratis Blockchain Technologies framework to incorporate Stratis’ Oracles feature. Through the introduction of Stratis’ Oracles, dynamic fee application has

Stratis Decentralized Accelerator

Do you have a blockchain project or idea? Want to get that funded?
The Stratis Decentralized Accelerator (SDA) has over $13,000,000 available to incubate and fund projects through their initial development phase. Stratis understands the difficulties

The launch of wSTRAX

Stratis InterFlux now fully supports the Ethereum blockchain, enabling seamless transitions from the native STRAX Token to wSTRAX. The launch of the wSTRAX ERC-20 token on the Ethereum blockchain will coincide with a newly created liquidity pool on UniSwap between wSTRAX and ETH, enabling STRAX to take full advantage of UniSwaps automated liquidity protocol. Stratis has received confirmation of USD 150,000 being made available for the wSTRAX/ETH pool, allowing token holders to take immediate advantage of the UniSwap DEX. The wSTRAX token is not limited to UniSwap and can be leveraged, integrated and utilized on any DeFi solution or platform available on the Ethereum blockchain.
The two contracts controlling the issuance of wSTRAX on the Ethereum blockchain can be found below:

MultiSig Contract (Minting)

https://etherscan.io/address/0x14f768657135d3daafb45d242157055f1c9143f3

wSTRAX ERC-20 Contract

https://etherscan.io/token/0xa3c22370de5f9544f0c4de126b1e46ceadf0a51b
This process of transitioning from STRAX to wSTRAX is made seamless through integration into the latest STRAX Wallet offerings. Navigate to the send pane and select InterFlux as a destination to simply “swap” STRAX for wSTRAX in a trustless manner. Please be aware that there is a minimum STRAX Token amount enforced due to high fees on the Ethereum blockchain. 
This release is accompanied by the latest STRAX Wallet release, available for all major operating systems. Download links can be found on the wallet page.
Join Stratis’s ever-growing community to discuss the further advantages of the developments mentioned above and how the ‘wrapping’ of other blockchain tokens can benefit Stratis Blockchain Technologies.

The Stratis Interflux wSTRAX rollout on Ethereum has begun

Stratis is ecstatic to reveal that the wSTRAX (Wrapped STRAX) Token is now available on the Ethereum Blockchain! Wrapped tokens are a valuable source of liquidity and flexibility for blockchain interoperability. Over time, any network’s available throughput and general fee levels will fluctuate. Having wrapped tokens available on a separate blockchain network allows transacting to occur via alternate channels. Wrapped tokens also have access to the respective capabilities of the networks they exist on.
wSTRAX implements a wrapped token on the Ethereum network, leveraging the ubiquitous ERC-20 standard for token contracts. Each wSTRAX is equivalent in value to 1 STRAX. wSTRAX is created by the InterFlux MasterNodes collaboratively, rather than any single entity being responsible for minting the tokens. When a request is made to transfer STRAX to its wSTRAX equivalent on the Ethereum network, the transaction is autonomously detected and processed. Enabling the minting of required wSTRAX tokens and distribution handling to the respective Ethereum address to be undertaken seamlessly.
The deployment is made possible through the deployment of two contracts on the Ethereum Blockchain,

MultiSig Contract (Minting)

https://etherscan.io/address/0x14f768657135d3daafb45d242157055f1c9143f3

wSTRAX ERC-20 Contract

https://etherscan.io/token/0xa3c22370de5f9544f0c4de126b1e46ceadf0a51b
This process is made seamless through integration into the latest STRAX Wallet offerings. Simply navigate to the send pane and select InterFlux as a destination to simply swap STRAX for wSTRAX in a trustless manner.
 

The wallet will become publicly available once the required amount of InterFlux Masternodes become available to process requests to the Ethereum Blockchain. The codebase for the InterFlux functionality is now complete and can be viewed on our GitHub Project page here.

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