Cronos Ecosystem Spotlight: Ebisus Bay
Read on to find out more about Ebisu's Bay, their growth journey on Cronos, and why they decided to build on Cronos as their home chain.
The Cronos Ecosystem Spotlight is a series of interview articles covering projects that are building on the Cronos Chain.
Today, we are excited to feature our 11th project in the series, Ebisu’s Bay, one of the leading NFT Marketplaces on Cronos which has been live since Cronos’ Mainnet launch.
Let’s dive right in!
Can you share more about Ebisu’s Bay and the team behind the project?
Our team is an international collective of seasoned professionals hailing from various industries, including blockchain, game development, marketing, and finance. Our diverse experiences, perspectives, and skill sets allow us to tackle the complexities of the blockchain space while constantly innovating.
Ebisu’s was one of the earliest projects to launch on Cronos, can you share with us some milestones that you have achieved?
1.2M volume in a single day coming in at the Top 4 of all NFT markets even toping Magic Eden. (https://twitter.com/EbisusBay/status/1500959856479682563)
Over 60M in secondary trading volume to date.
Over 2.5M CRO (over $500k USD) in platform rewards paid out to VIP stakers.
Upgraded our marketplace protocol to support gasless listings.
Over 150 successful launchpads.
You recently announced the upcoming launch of Ryoshi Dynasties. Can you tell us more about it and what can users do in it?
Ryoshi Dynasties is a gamified DAO governance system, powered by our native Fortune Token. It uniquely blends DeFi and gaming, aiming to revolutionize how we perceive and interact with governance systems.
One of the most engaging aspects of Ryoshi Dynasties is the faction formation feature. This enables NFT communities to come together and establish sub-DAOs, or factions, within the Ryoshi ecosystem. Factions offer a new layer of strategic competition where communities compete against each other in a battle for world domination, adding an exciting competitive element to the platform.
These factions will capture control points worth valuable platform rewards for their entire community, bringing a real sense of rivalry, camaraderie, and engagement to the governance model. It's not just about taking part in governance; it's about strategic collaboration, friendly competition, and being a part of a dynamic, evolving digital universe.
This inclusive and competitive element in Ryoshi Dynasties underlines our commitment to offering a DAO governance system that is engaging, rewarding, and truly community-focused.
Why did you choose Cronos as the chain to launch on?
Cronos was chosen for several reasons:
First, it's part of the Crypto.com ecosystem, which has a rapidly growing user base. This potentially provides a larger audience for our project.
Secondly, Cronos operates on a Proof of Authority (PoA) consensus mechanism, which allows for faster and cheaper transactions when compared to some other chains. This makes it more user-friendly, particularly for those who are new to the crypto space.
Lastly, launching on Cronos gives us the flexibility to take advantage of cross-chain opportunities in the future, as we look to expand and innovate within the blockchain space.
For a user new to Cronos and Ebisu’s Bay, where can they learn more about your project?
Join in on our discord and meet with our community members and staff who are always happy to answer questions!
Docs & FAQ: https://docs.ebisusbay.com/docs
Most up-to-date info on Ryoshi Dynasties: https://ebisusbay.notion.site/Introduction-9f22bd3973774810823797027a4d4a1a
Lotus Galaxy PDF: https://lotusgalaxy.docsend.com/view/2h5msu8ueemaumx4
Lotus Galaxy Litepaper: https://lotusgalaxy.docsend.com/view/i6kcjj47vfk7d27y