ShimmerEVM Launch First Impressions | Shimmer Community Spaces

Blockbytes

Today's show would not be possible without our wonderful sponsor, Shimmer Network. Shimmer is a DAG based feeless Layer 1 network that is fast and highly scalable. You can learn more by visiting shimmer.network. ----- TIMESTAMPS: 00:00 🚀 ShimmerEVM launch has been successful, with fast transactions and low fees. 01:10 Iota Heroes, web3 game on ShimmerEVM 03:29 🌉 Shimmer EVM Infrastructure Integration 10:04 🌐 The strong Shimmer community and expanding ecosystem are seen as key factors for its success. 16:52 💼 ShimmerSea 21:47 🚀 The Iota community is optimistic about the ShimmerEVM's potential to attract high Total Value Locked (TVL). 23:05 🎮 Shimmer Heroes, an NFT-based game on the Iota network, allows users to rent heroes to try out the game before committing to the full purchase. 25:50 💡 Low-risk strategies in the Iota ecosystem may involve stacking tokens like Shimmer, Iota, or stablecoins and participating in staking or liquidity pools. 28:06 🌐 Diversification is recommended in DeFi to mitigate risk, especially considering the evolving landscape of tokens and projects. 41:26 📈 Achieving a top 10 ranking in Total Value Locked (TVL) for Shimmer DeFi by the end of the year is an ambitious goal, but it may take time to materialize, possibly reaching the top 20 in the near term. 43:15 📈 The community is encouraged to be persistent and supportive despite early challenges in the Shimmer EVM project. 45:17 💪 The community's engagement and support for DeFi projects are essential for the ecosystem's growth. 47:30 🤝 Collaboration with external projects and institutions, like Fluent Crypto, showcases the potential of the Shimmer and IOTA ecosystems. 49:51 🌐 Community influence can drive projects to seek transparency, listing on platforms like DeFiLlama, and better serve user needs. 51:05 🚀 Early engagement and support for projects are crucial, but users should also exercise caution and conduct due diligence, especially in the evolving DeFi space. 01:05:15 🎉 A new Shimmer live show is in the works, with a great cast and a different format from Shimmer Space. 01:05:59 🚀 While the Shimmer ecosystem is currently relatively scam-free, it's essential to stay vigilant, as the landscape may change. 01:06:39 🙌 Thanks for tuning in! Nothing you read/see on Blockbytes YouTube or blockbytes.com should be considered financial advice. Please use all of the information available to you and do your own research. There are many risks inherent with Crypto currency investing which includes up to complete loss of funds. So please never invest with money you cannot afford to lose. All of Blockbytes content is for entertainment purposes only and the opinions of the presenters and guests do not necessarily reflect the views of Blockbytes LLC. Nothing you see in any of the blockbytes content should be considered a solicitation to buy or sell any assets. Any links of which Blockbytes receives a commission will be clearly marked as such. If you like the content that we produce and can use the products then please consider using our referral links above.