Yat is a project that plans to combine emojis with NFT and currently has close to 40,000 users on Discord. yat is a project that features emojis as a decentralized digital identity system – the team of this project believes that emojis are truly global language that can represent many things, not only using emojis to express emotions, but also to share stories, music, connect with parties, sports or represent anything else.
For the Yat team, emojis are unique and immutable, allowing users to use a personalized string of custom emojis as their universal username, as a social media account, to use emojis to send and receive money transfers, to chat with friends, to create a website, and to use emojis as a url to redirect a URL. A more important application scenario is to use emojis to replace long paragraphs of hard-to-remember digital currency wallet addresses.
Sound fun and a little bit crazy?
What Yat is trying to do is very reminiscent of Linktree, which allows users to collect addresses from multiple websites such as videos, e-commerce, blogs, etc. Linktree generates a unique link that users can share to various platforms to form their digital business cards. Linktree received $10.7 million in Series A funding in October 2020 and $45 million in Series B funding in March 2021. What Yat is trying to do is to turn this link into an emoji, and to combine it with NFT to create a decentralized digital business card or digital identity system.
The team has already designed hundreds of beautiful emojis available for auction, covering 7 categories: activities, animals and nature, food and drink, objects, people and smiley faces, symbols, travel and landmarks.
Who is developing the Yat project?
Riccardo Spagni (co-founder): core contributor to Monero code, co-founder of Tari.
Naveen Jain (co-founder): investor with almost a decade of track record, entertainment entrepreneur, co-founder of the Tari project.
Tari is the underlying development protocol for the Yat project, created in 2018 by Riccardo Spagni, Naveen Jain and Dan Teree, Tari is a sidechain of Monero. Tari is a decentralized digital asset protocol based on the Rust language and is primarily used for issuing various digital assets such as tickets, built-in game props, points, and digital native assets such as “crypto cats”.
Currently Tari has released a mobile wallet app, a block query view page, and node software for downloading and running nodes.
Yat’s concept of emojis as a common Internet username is similar to how every website has a domain name, and Yat emojis are the domain names that map emojis to the appropriate applications and resources through DNS-like resolution. Individuals, organizations and entities can bind Yat ID resolution records to point their emoji domains to their URLs, social media accounts, digital currency wallet addresses, map data, email addresses, etc. Yat classifies emoji IDs according to the type of resource they point to as follows.
Yat Emoticons ID Category
Project Features and Censorship Resistance
Yat Emoji is different from ordinary domain names in that Yat combines the concept of a non-homogenized token, NFT, with the artistry of an emoji, rather than just a string of letters or numbers, and applies the popular NFT auction method to sell Yat Emoji domains. Currently Yat emoji domains can contain between 1 and 6 emoji images, and users can customize their Yat emoji packs to showcase their identity story, lifestyle or brand image. Since the Yat emoji domain name and DNS resolution are done on-chain, decentralization and censorship resistance is one of the highlights of the Yat project, in a centralized network, domain names can be cancelled and blocked at any time, if most blockchain projects are doing some decentralized applications, what Yat is doing is creating a door to the world of decentralized applications, and a extremely visceral and emotional door.
Funny emoji auction
Yat is currently selling NFT emoji packs through an auction, and on April 2, the project held an auction of the first 18 precious emoji packs, with prices ranging from $30,000 to $420,000. The auction took place on Discord.
Only those who have purchased a Prism Key in advance will be able to participate in the auction, with only 100 tickets available in the first batch. There is a limit of one ticket per person, and tickets can be transferred to others after purchase.
After the auction ends, the highest bidder will have to pay with BTC, ETH, USDC or XMR within one hour, otherwise the purchase will be disqualified and the second highest bidder will be replaced.
Yat is currently running a new round of auctions under the code name Cloud 35.
Yats emojis have different ratings, and the rating system consists of 2 parts: “Generation” and “Coolness” index, which makes each emoji unique.
Generation” indicates when Yat emojis were created, and the first emojis to be released are called Generation Zero. Generation Zero will be the first set of emojis since the creation of Yat, and therefore has a precious uniqueness. The next generation of Yat emojis is yet to be confirmed, but it is possible that they will be available at any time.
Yat’s “coolness” index is a number between 1 and 100, which is algorithmically determined by three key factors (length, popularity and style), with a higher “coolness” index indicating rarer emoji packs and higher demand.
Currently, there are only 450 emojis in the Yat emoji collection with a “coolness” index of 100.
Yat’s vision is to build emojis into expressive, censorship-resistant, autonomous digital identity systems. The team takes privacy and internet freedom as a fundamental human right very seriously.
Yat is currently working on developing oracle services to distribute Yats emojis as NFTs on EVM-compatible chains such as Ether or BSC. Next, Yat will move from centralization towards complete decentralization, eventually creating a decentralized digital identity system.
The last attempt to develop a decentralized universal identity system was Onename.io, founded by Muneeb Ali and Ryan Shea in 2014, which later evolved into the Blockstack project. It will be interesting to see how the Yat project, which now introduces the concept of emojis and NFT, will build a new generation of universal identity systems and how it will progress.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/three-minutes-to-read-yat-how-to-create-a-personal-digital-business-card-with-nft-emoji-pack/
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