, a decentralized automation tool powering Web3 application developers with on-chain conditional execution.Q1: Welcome to Unhashed. What’s your crypto story, and how did you start with Autonomy Network?Back in 2015, I had just recently moved to Canada and realized my passion for tech. I was born and raised in Peru, where a career in tech was close to non-existent. Through this passion, I stumbled upon Bitcoin and decided to buy my first BTC.
Q3: Please delve into the unique concept of aNFTs . How do they bring more utility to the growing NFT economy?Autonomous NFTs or aNFTs is an attempt to add an interesting feature so that NFTs can perform actions on their own and benefit their owner. For example, you could have an aNFT that arbitrages between tokens or one that can lend itself as collateral and return to the original owner once a certain condition is met.
Q5: Bot triggers are often perceived as spam traffic by exchanges. This has led to several checkpoints being placed to mitigate bandwidth issues caused by this spam traffic. How does Autonomy Network work around this major headache?Well, Autonomy itself would not be affected by any sort of bot triggering. When a user or a bot places a transaction to be automated, and the condition is met, then a fee is paid to the executor.
The second reason is that CEX’s are able to provide the risk management and profit-maximizing tooling that DEX’s are not able to provide most often, say limit orders and stop losses. At a deeper level, it means that DEX’s need to be able to provide a way for users to manage their assets while they are not looking because the biggest risk in Crypto is not volatility; the biggest risk is not being able to pay attention.
The second element for mass adoption is education and lowering the barrier of entry for Crypto. I believe that the next big thing will be projects steering away from gamified solutions as a way to lower the barrier of entry and move towards more serious and instructive solutions with more seamless experiences for lowering the barrier of entry.