 All right, ladies, gentlemen from around the globe. Thank you for tuning in today. This is the exclusive coin telegraph AMA with our newest partner, Nitro Network. Today we're gonna be chatting with Anup Vukuri, who is the CEO of Nitro Network. We are super excited to chat with him to learn about what's happening inside of a lot of the trends in the space right now and we wanna learn about Nitro Network and what they are doing in the crypto sphere. Anup Vukuri, welcome to today's AMA. How are you, how's it going today? Hey, what's up, Benton? How's it going? Super, super pumped to be here. I mean, this is the first AMA I'm doing with you guys and I mean, this partnership has been amazing so far. I think I'm super excited to tell you guys more about what's happening with Nitro and I mean, to interact with the community and let's get started. Awesome. Yeah, we're gonna have a good time today. For those that are tuning in chat, we're gonna actually let you ask questions as well. So if you have some burning questions, make sure you are chiming into the chat today because we're gonna take some time throughout today's AMA to field those questions from the audience. But I wanna go ahead and kind of dive into things first. I know we've talked about this big partnership with Nitro Network and Cointelegraph, but I wanna know the reason why behind this thing. Anup, walk us through, why is this partnership important for Nitro Network and why did you feel there was a lot of value and synergy between the two organizations? Right, so I mean, personally, I've been following Cointelegraph for a very, very long time and it's my go-to source for all the exciting stuff that's happening in the space and Cointelegraph has the most unique marketing and brand recognition in the space and we wanted to align Nitro Network with such a well-established brand and especially when we are introducing such innovative technologies such as the digital mining and non-fungible miners, the nesting. We needed this kind of a partner who can educate the crowd, like reach out to the audience and tell them how the value is being created and how they can participate. And I don't see a better partner than Cointelegraph for this and it's a perfect match. Awesome. And I know speaking from the Cointelegraph perspective is when we kind of originally were able to understand Nitro Network and meet a few folks on the team, I think we immediately saw that value of Nitro Network and the innovation that they're bringing to the space which we're gonna dive into here in just a little bit. We're gonna talk about what they have cooking up with some of these new NFTs, this crypto mining and this decentralized internet that they are planning on building out. And so I wanna get into the next set of questions that we have here. But first, if you're tuning in today, drop your questions. For those who are just kind of jumping in a little bit late, we have a new curry who is the CEO of Nitro Network. We're gonna be asking him a lot of questions about what Nitro Network is doing in the space. And then I also wanna get some perspective about what's happening from your perspective and where the next innovations are gonna be happening. So when it comes to what we are looking at in the space currently, we've seen IoT even talked about a lot recently. We've seen Web 3 thrown around. These kind of are these big buzzwords. Anup, what does like IoT mean to you and then specifically for Nitro Network? Right, so just to begin with what IoT means. So anything that can be connected to the internet is basically an IoT device. And when I say that, I'm talking about literally anything. You know, even in our day-to-day lives, we've already come across a lot of IoT devices. Some of the most popular use cases have been the Amazon, Alexa, Google as a couple of products. And we're talking about even smartwatches. Smartwatches are IoT devices. These are more consumer facing. But when you're talking about what we are trying to create and where IoT is actually heading. IoT is this massive, massive sphere in itself. Like, you know, when we are talking about all the exciting things like driving efficiency, using autonomous cars, smart cities, industry 4.0, even the Metaverse. This, all these will require an infrastructure setup which will create a very, very robust network. And all of that will be triggered by low byte transfers and high speed transfers. And that is what IoT can deliver. And what that means for Nitro is, you know, we are developing and building a lower van and 5G infrastructure utilizing the technology for crypto. And we want to build a decentralized internet where users can control their own data and opt in for certain experiences. And this is in multitude of ways. It's not only IoT, it's also the 3.0 which I will talk about a little more in detail. So, you know, we are building this interconnected future for everyone and everything that can be connected to a network. And this would include even things like vending machines, businesses connected to the internet, retailers, customer intelligence and interaction platforms, digital advertising billboards that you see walking down the road and even like I said, smartwatches. And so anything that basically wants to get connected to a network will become a part of our ecosystem eventually. And the starting point is getting on the Nitro network and utilizing the NFT technology that we have innovated, the non-fungible miners. Awesome, all right. So we have a lot to unpackage there. So, Amy told me about the internet of things. So what is that? I think you described that to everyone watching today because I think that can be a very vague term like it's thrown around a lot, everyone kind of talks about it but I think you kind of clearly painted that picture of what that actually means for Nitro network. So now that we talked about the infrastructure and what that decentralized internet could look like, all the connectivity between all the devices. Now, I want to learn what is Nitro network? Who is Nitro network? You're building a decentralized internet but I think there's a couple other components that are worthy and noteworthy here. So how would you describe Nitro network to the average everyday person who maybe doesn't have a super technical background with understanding a lot of these other terminologies? Yes, absolutely. So I'll give you a small background on how we got here, right? So to start with Nitro network was building this customer intelligence and interaction platform which could revolutionize the retailer's experience and the way they could interact with the customers. And we have six global patents around it which we launched and at that point we realized something very interesting. IoT has been around people I've been talking about it for so long now but clearly there is a very, very strong need for infrastructure. And when I say infrastructure I'm talking about network. So for example, you're talking on a phone you need to be connected to a Verizon or AT&T, right? And the same way even machines need to communicate to the internet and process information bytes and that was a very, very crucial part in IoT taking off and it was missing. And parallely, when that was happening I was also working on another micro rental or micro real estate startup where we were building IoT enabled micro rentals and that would mean a lot of things that could be DOH that could be vending machines and a lot of things. But even I came across the same situation and that's when we got introduced to blockchain and Nitro Network acquired Jiffy Charge and we put together the technologies that we've built and we had like this amazing and futuristic vision of creating a decentralized and most robust and efficient network which would connect the unconnected if that would that make sense. Which is so hold on. So I wanna like boil this down a little bit more and so like help me paint this picture. When you're thinking ahead, the vision of Nitro Network I know you've mentioned like being this decentralized version of like AT&T or Verizon, like what is the impact and what is the vision of the end goal for Nitro Network? What will it become in five, 10 years from now? Right, so there are, so there is a very strong need for infrastructure of telecom industry in general and that's one of the most monopolistic and one of the biggest industries in this space. And when I talk about decentralized systems, I'll just give you a small example of why a decentralized system is so important in this space and that would be, there is a very, very high requirement of transactions when we are using IoT networks and when it comes to centralized systems there is a lack of auditability and lack of control over people's data which means a lot of things because people already have been talking about privacy issues, scalable issues with networks and that is exactly the problem statement that decentralized systems could defeat or solve and for Nitro, the ultimate vision would be to, there are going to be tons of decentralized systems and networks in the world in the coming years and Nitro will be and should be the top project in this space and that's exactly where we want to position ourselves. We want to be powering smart cities, industry 4.0, smart healthcare, autonomous cars, be the layer zero for all the Metaverse companies and that's exactly what we think and that's where we think we can go. Okay, so I think a light bulb just kind of went off for me and so if you kind of think of where we are right now and where the next five years could bring us, you mentioned autonomous vehicles, you mentioned augmented reality, virtual reality, Metaverse, having that interconnectivity in that layer zero like you mentioned, I think it's going to be huge. Now I want to circle back though and you mentioned these kind of centralized sources like the AT&T's and the Verizon's that hold all of this data on their networks. What are like the biggest pain points for that kind of model? They've been around for a while and why do you feel that Nitro could potentially disrupt or bring on this new revolution of this decentralized internet? Right, so the first thing I would say in this, you know, one of the biggest pain points in any centralized system, especially like telecom is there's a change in infrastructure every few years. When you're talking about a frequency change, you're talking about changing infrastructure and it's going to catch up and it's going to be a massive, massive amount of infrastructure and if a centralized system invest that kind of money, they will have to charge you the same way and it's going to be a very expensive network. And when I earlier said like, you know, IoT networks require huge, huge volumes of data and it's extremely expensive for centralized systems. So distributed ledger system is the most logical approach for this robust and efficient systems. That's, and I think that is going to be the biggest differentiator between what the Verizon's and AT&T's are building versus what Nitro is building. All right. And so then you mentioned Nitro network will be one of these top decentralized networks. So if we kind of use the blockchain space as an example, you know, it started with Bitcoin and then the Ethereum blockchain guy and the other chains started to get built as well. And now everything is kind of coexisting in this new ecosystem. Is that what your kind of internet could also become? Is a space where there's tons of different decentralized players in the space? Absolutely. I mean, see what blockchain did, right? It basically gave power back to the communities and what they could build. And I think that is one of the strongest proposition what even we at Nitro see it as. And you know, the best part about distributed ledger networks or decentralized networks like Nitro is anybody can control their own data and anybody can create their own network. That is where it gets so much more exciting. For example, today, if you want to be a part of the Nitro network, you can basically own, operate and earn from the ecosystem, right? So that becomes, that's where we see the real value proposition. And see, I mean, of course, competition is healthy and there are a couple of people in the space coming up and I see that as a great thing because this ecosystem for something like this to be done there needs to be a great evolution which Bitcoin and blockchain already started. And I think they're all byproducts of what is the next logical step. Exactly. And so I do want to kind of pause here. I see the chat is flooded with questions but I thought this one in particular was a solid one. Kola Gopinath asked the question, what are the revenue models for Nitro network? So as Nitro network continues to grow and expand, where do you plan on kind of like driving revenue into the organization as you kind of build out the infrastructure? Right, so that is, that's a great question, Gopinath. Thank you for that. So you know, that's actually one of the strongest places why Nitro network will be a game changer. If you think about it, the way we are building it is we're using this Nest technology, the Airbnb of mining technology, to say, hey, we will go to the strategic locations where we have already partners, where we know where there is visibility and predictability where we can create revenue. We are not trying to just create a network and then start giving people rewards. That's not the game here. So we, the way we are building our, the LoRaVan and 5G networks in the future is we are going to be deploying these networks with contracts in hand with partners that we know who require this kind of technology. And there are so many kinds of companies today that would require it because, like, you know, just on top of my head, I cannot use a couple of our brand names, which we will be announcing very, very soon. But we're talking about, yeah, we're talking about, you know, smart meeting systems. We're talking about smart lighting systems. We're talking about a lot of interesting things that drive a lot of efficiency. And that's exactly what we are also achieving and what we are trying to achieve at least. We drive the revenue from them and we come back and you like burn the in cash off the market. That's the game. Very fascinating. Okay, and so like if participants, if I, for example, I'm an individual and I'm kind of looking and assessing the project, what kind of ways can people participate in the Nitro network itself? So there are tons of ways that people can participate in Nitro ecosystem view. So our ethos is to keep a community at the center of it all and we are creating a lot of value for them by creating lots of incentive programs. But just our major products are the nesting platform and the non-fungible miners. So I'll just try to break them down a little bit so that there is everybody here understands. So when I talk about nesting, so nesting is this very, very unique concept where we are trying to create, we are going to find strategic locations so that we can send a miner and create this uniform coverage. So the reason why we should or we would do that is pretty straightforward. We don't want any network congestion and we don't want people or miners to be competing against each other for reports, which I see in other, I mean in other projects and we wanted to give the community decide, I mean community to actually get empowered by doing this over a long and sustainable period of time. And that's nesting for instance. And on the other side, yeah. Real quick, and so for nesting though, like that's where you actually receive like a physical mining device. What does that process look like and like how do I get my hands on one of those? If for example, like I want to become a nester, what does that process look like? Great, so our nesting portal is already live. So if you want to be a nester, you think you're in a strategic location you basically go to nest.nitro.network on our website. You go, you basically select your address. You select what kind of miner you want to select. I mean, right now we're only live with Lora Vann and 5G will be out in a few months. You basically select it and we will on the back end, we've developed this unique one by one kilometer grid technology where we know exactly how to create a uniform coverage area. And we select saying, hey, like this guy, this area would be perfect to be here. And we start taking locations off that way and we send them an actual physical miner for free. And once the miner is sent to them, they just set it up and they start making money off it. Or sorry, they start mining in cash. There you go, okay. And so there's nesting. And so just to kind of like break that down, I can opt into this and elect to kind of host this device in my apartment or my office or whatever location is most optimal. You all are essentially deciding like, hey, based on the grid location, how we're trying to build that network, you know, person A versus person B has the most optimal spot to host that. Is that kind of like a safe categorization of how that functions? Exactly, that's exactly what we're doing. Right, so. Very interesting. And I think on the other side, on the other side we have the non-fungible miners. Right, and. We need to get into those. So I hear this phrase, NFMs, non-fungible miners, what are these things? Break this down for us. Right, so non-fungible miners are basically NFTs with a lot of utility, which basically represent the actual infrastructure that is being deployed on the ground. What I mean by that is basically all the infrastructure that is the miners that are being sent out to Nes with our partners and with the individual locations are going to be represented by an actual NFM. And the NFM is basically the ticket or the access point for anybody to start earning from the entire ecosystem and effortless earning all the way, right? Exactly, okay. So all right, I wanna do a screen share here. We're gonna, we're gonna screen share some of these designs. And I actually see, I see some of the NFMs behind you, but just so the audience is aware when Cointelegraph decided to partner with Nitro Network, they brought us in and we conceptualized, helped them build out the actual NFTs, the design, the look, the feel, the rarity traits, the supply, et cetera, et cetera. So Pasha, if you wouldn't mind just pulling up my screen share. And so these are some of the designs and there are three tiers there. And so right here, you're looking at the standard tier, the tier threes. These are kind of like the baseline models. So now each of these NFTs, can you kind of walk us through some of the dynamics, some of the characteristics, I guess Anup, what's the difference between the three tiers? And we can kind of scroll through some of the actual NFTs themselves. Correct, so the way we thought about the entire space, I mean, Cointelegraph is the brains behind it, I think. But there are going to be three different tiers in our entire ecosystem. And when you're talking about tiers, the way we've divided is, the tier will decide how much or what is the strategic value and what is the revenue generation capability each NFM has. So for example, a tier one might reflect the infrastructure deployed in Manhattan in New York versus maybe tier three that is going to be deployed in a suburban location somewhere near Bronx. I mean, I don't know, I'm not saying that's the differentiation at this point, but that's how we're looking. The revenue generation capability is going to decide where the tier is going to be. And all this art is so cool, man. I mean, out of, on top of all of this, just looking at this, it's getting me distracted. This is so cool. I just want to chime in here. I just want to chime in here. From the Cointelegraph perspective, the way that we design these NFTs and what you're looking at here on the screen is the hyper rare. This is a supply of only a hundred inside of the collection of 25,000. And so this is actually, I think like 0.4% of the actual supply. These are the rarest of the rarest. These are the 3D nitro bots. So we're calling this collection nitro bots. Each tier has a different look and feel. You saw those tier threes with the baby robots, the tier twos are a little bit more elevated 2D cartoon feel and then tier ones. You saw what those look like. These are the hyper rare tier ones. And so when we were developing these and kind of conceptualized them, we wanted to encapsulate like a lot of different angles. So one is utility. Gotta have utility when it comes to NFTs. We see a lot of projects today, not a lot of them have great utility. And so that utility for these NFMs is that earning potential, that earning rewards from the actual network. And then number two, we wanted to come up with the aesthetics. The aesthetics we felt like bots were a perfect relation between the human and the future. And so we wanted to kind of encapsulate that with a lot of the rarity traits, the characteristics, the backgrounds, the cards that you see on the outside. So there's those rarity elements that are incorporating into the actual NFTs. And then thirdly, there's a social component. And so when we talk about, and we see what's happening in the NFT space right now, there's a lot of hype around getting your PFP or having a certain level or rarity around your actual NFT ownership. And we wanted to kind of bundle all of those in this first drop in teaser. There will be a few more drops coming up in the future. But for this one, this one's gonna be native on the Nitro Network website, which does bring me into the next round of questions there. Is there anything else you wanted to add in for the NFMs there? No, I think I'm pretty excited. I hope I can get a couple of hyperrace myself, but I don't think I'm allowed to, unfortunately. I was gonna say, I think the tier ones are already sold out, right? Exactly. And the great part is the pre-orders, the tier ones got sold out in the pre-orders. So I think that's pretty encouraging and exciting. I'm looking in the chat right now. Crypto John says he's got 10 of these NFMs. I do wanna pull one question out of the audience here. It looks like, will Nestor's benefit from upgrading the antenna? I know this has been an issue with other projects and people buying new antennas so that they can get better coverage. I thought this was a very good question from Shaman says. So is this antenna, is there gonna be any kind of upgrades for the actual nesting device? That's a great question. And I'm glad you brought it up. That's actually one of the biggest reasons why we are building what we are building. We don't want people to compete against each other. We are building a network where it's going to be equally distributed. So there is no requirement for additional upgrades or top-ups. The way we are setting it up is, hey, like your Nest is gonna do this and it's gonna keep doing this for the rest of its life. And there is no requirement for upgrades. We don't need to buy any antennas. Obviously we are building our custom product and our custom product is gonna come up with a fiberglass antenna. And that should be very, very good for the coverage that we are talking about. Cool. And I'm gonna grab one more question here from the audience from BGF. Hi, sir. Can users breed robots in the future? That's an interesting question. What does an evolution look like for these potential NFMs and what may lie ahead in the future? Wow, that's actually a first thing. I mean, that's a fantastic question. I'm thinking about it and I think that's something we should definitely incorporate, right, Benton? What do you think you should be thinking about it? Gamification, anything that we can do with these NFTs could be very, very exciting. And I know one of the big topics in the NFT space this year is the collateralization of NFTs. So borrowing and lending against the value of an NFT. So it's gonna be interesting to see, I think what happens when the marketplace launches, the NFMs go live because that secondary market is ultimately gonna dictate that secondary market price. So what does that look like? And then potentially what may lie ahead? Could there be collateralization of NFTs in the future for Nitro Network and OOP? You got it, Bill. No, I'm kidding, let's see. You never know. This is phase one, you don't know what's in phase three yet. Awesome. All right, we're gonna ask, I wanna learn this question. At the end of the day, why do you believe in Nitro Network so much? You mentioned earlier that it's gonna be one of the most innovative projects in this particular space. Why do you believe that? Okay, so a little bit that goes back to from where I'm coming from. Being an industrial engineer and my inclination towards technology and entrepreneurship and creating value, I started my career in a manufacturing background. And when I was running the entire production unit and the sales, and I had massive experience in retail and understanding what could drive efficiency on a floor. And something which stuck with me was how much automation could really save, like in terms of just direct dollars. I mean, we're talking about real dollars being saved, real manpower being reduced. And that's when I got into IoT and IoT, and I just couldn't stop thinking about why IoT would not be the future. And it is, and I started diving deeper. I saw massive potential in where IoT was heading and realized that the infrastructure for such a high volume transaction and efficient networks was not in place. And now with all the conversations about talking about metaverses, it's such a, obviously metaverse is such a grand, grand topic. All the autonomous cars, they require such a diligent and robust network because they cannot afford to lose internet even for a second if you think about it, right? And when you look at all of these, I just knew that it was a logical next step in where humanity was going, where the world was going. And I knew and I was 100% sold on the fact that we are heading towards this hyper-connected world where everything is going to be connected to each other, augmented reality, smart cities. I mean, smart homes is already thing. Like if you think about it, everybody's home these days is fully connected. And that's my strong, strong conviction on why what Nitro is building can be so huge. And Nitro has the right team and the technology to deliver something like this. So I wanna know, and again, thank you for everyone that's tuning in today. Ask your questions in chat. We're gonna be fielding those throughout the rest of this AMA, but Anup, I wanna know what is the special sauce behind Nitro Network? When you boil all of that down, you told us what Nitro Network is gonna do and what they are doing, but why do you believe in your brand, your team, your company, your vision so much? What is the driving force behind a lot of that? Right, so I have two very, very strong points to that. And first is, of course, we have a very, very hardworking and efficient team, but that aside, first is we are thinking of creating a hyper-connected world in a very, very different angle. We are not going to the normal direction of, hey, let's go and set up infrastructure. We are trying to take a step back and say, hey, we are going to build an Airbnb for mining. We are going to build a micro-real estate company. We are going to realize massive potential, massive earning potential and different kinds of utilities using networks, connecting all these networks together and then build it. I think that is where we are completely different and where we are completely thinking differently from all the players in this space. I mean, that I feel is the biggest, biggest strong suit we have. And second is we have six global patents, man. I mean, I think that is also, that also becomes one of the biggest strengths we have. And I don't see why we wouldn't be able to do this. Awesome. All right, so now I also want to kind of dev into next some of the technical aspects for those crypto, nerds in the audience they appreciate you tuning in. So Nitro Network just recently migrated from Ethereum over to the Avalanche chain. I want to unpackage this. So first the reason, why did you decide to do this? And then the second question is, why did you select Avalanche and why did you feel like that was going to be a great option for Nitro Network? Right. So Nitro Network, the system we are building is a crazy high volume transaction chain. Like, you know, I mean, we are going to, we are basically trying to reward the Nestors and NFMs every epoch that is every 30 minutes. And when you're talking about that kind of reward structure, we just didn't want the community to lose out so much value in being a very expensive chain where, I mean, nobody like the value is being lost on the chain. It's not coming to the enterprise or the project or the people. And that's when we wanted to, we went back to the drawing board and thought, let's do this because Ethereum, the biggest problem that Ethereum is facing as everybody here knows is very high gas fees and network congestion. And that obviously pushed us to say, let's move. And why Avax or Avalanche? See, I've been following Avax for a long time. They're a great, great ecosystem. They've been growing at a phenomenal speed, phenomenal rate. The finality rate on Avax is one of the best. Their TPS is super high. It's I think around 6,000 or 5,000 transactions per second and that's exactly the kind of network we needed where it's a very scalable partner because like we're looking at it in the future where there are going to be hundreds and thousands of community members on the ecosystem, in the ecosystem and there is going to be millions of transactions happening every single week to month. And we didn't want to lose too much value. And I think Avax is the perfect partner for us. Yeah. I mean, because you all are gonna have a massive amount of transactions happening on a network. And so we all know Ethereum and what that's like. And so I was curious to see too, like when we were going to Avax, Nitro Network removes Avax, it seems like that's a much more scalable solution if you're doing hundreds of thousands of transactions every second, if not every minute. I mean, I just read today that Avalanche is promoting its subnets a lot more than they were. I think the technology is fantastic. Subnets are going to change the way they are once they're going to work. Interesting. All right, I wanna take a second here. Thank you everyone again for tuning into this AMA. We're here with Anupu Curry who is the CEO of Nitro Network. If you're just jumping in, we've covered a multitude of topics from non-fungible miners to nesting, to what is Nitro Network doing to the massive partnership with Cointelegraph and Nitro Network. I'm gonna go ahead and pause here and field a question from the audience. It looks like we have from Belgian POV, what is the plan to increase the awareness around Nitro and its awesome utility? It looks like they tagged Cointelegraph, but... Yeah, I think... Do you want me to take this or do you wanna jump in? I mean, I'll probably say one thing or two and then you can probably take it. So, I mean, I think the plan with Cointelegraph is Cointelegraph is the beast. I mean, these guys have all the ammo in the book, like they know exactly what to pull at the right time to actually take it to the next step. And I'll let Benton step here and actually talk about it a little more. So, the awareness plan right now is a... It's... We're starting this kind of like grassroots phase and so it's a brick by brick process. And so what does that mean? Well, that means social media infrastructure. That means community management infrastructure and building out the programs and getting those messages and narratives out to everyone so that there is that awareness. So perfect example, we're doing this AMA today. We're gonna be doing tons more of Twitter spaces, AMAs. Be on the lookout for Cointelegraph articles that should be coming out on Tuesdays, explaining what's going on with the Nitro Network, the latest updates, and what is the next evolutions and steps for the Nitro Network. On top of that, we're gonna be making some other big partnership announcements in the weeks and months ahead. And so from the awareness and marketing perspective, we are gonna be knocking on every single door to make sure that everyone in the crypto space knows who Nitro Network is. And today is the day when this all starts and it starts with you all watching today. We appreciate every single one of you that are here because we are your fans, you are our fans. And at the end of the day, that's what we're building is a community around each and every single person that's tuning in today. And that's where it all begins. And so again, just saying, it is the brick by brick process. Rome wasn't built in a day. It's a process and we are trusting in that process. And I believe in the Cointelegraph team, the Nitro team, both are just brilliant and we are agile, nimble. We're able to pivot on the spot. I couldn't be more proud to be partnering with a project like Nitro Network. And so I wanna kind of get into our next question here. What are some of the biggest challenges that lie ahead for Nitro Network? And then how do you plan on overcoming those? Right. So when I say, when you say challenges that are going to be in the future, I'll break this down into two things. One is what was the challenge that Nitro saw and what is the challenge I really think is going to be the big thing. So, you know, when all this conversation about metaverse, augmented reality, autonomous cars, smart cities, it's all great. I mean, we want to be talking about it and envisioning a future where all of this is a reality. But the truth of the fact, and unfortunately is, you know, not a lot of people are actually talking about the infrastructure side of it. And the reality of actual hardware devices to be placed, software operating systems and all of this coming together and playing together, I think that is where it's all going to start. And that is the biggest challenge that Nitro network saw in the network industry and that is what we're trying to solve to begin with. But on the other side, I mean, if there is a challenge that I really think it's not really a challenge. I think, you know, we're innovating the space by introducing so many new technologies, the digital mining technology, which is new to the audience. I see a lot of questions around it and how NFT technology could help crypto mining and all these questions, right? So there is a certain walkthrough and education curve or consumer needs and understanding what Nitro is doing today. Like I said, I wouldn't call it a concern, but it is definitely something that I would give like a top priority as of today to make sure the community understands what it is and actually benefits from all the amazing products and value that we are offering. Excellent. And so I do wanna learn a little bit more about this migration. What kind of tips or tricks, like what are some of the step-by-steps you might be able to walk folks through here in getting their tokens from Ethereum over to Avax? Is that a pretty easy process? And I think we might be able to actually do a screen share as well. Let me go ahead and pull that up for us. Yeah, that'll be great. I mean, what we see here, guys, Benton, if you don't mind me, just giving like a quick walkthrough. So this is obviously the swapping portal where people can come with their old Ethereum and cash tokens to change to their new smart contract and people who are swapping their tokens are going to get a 5% reward fee on whatever they're swapping. And I think we want to create as much value as you can and as we can. And we thank you for all the amazing support that we are getting. And yeah, I mean, so this is a pretty standard process. You connect to your wallet, you connect to your MetaMask wallet, and then you add in the liquidity or add in the cash what you need to swap and that's about it. And then you get the new tokens back and then add it back. This is going to be in the new Avax token. Am I missing anything, Benton? That's pretty straightforward. I think it's as easy breezy as it gets. And for folks that have navigated around the DeFi space, it seems it is as easy as setting up your MetaMask on the Ethereum network and then being able to switch from the Ethereum network over to the Avalanche network, which is fairly easy to get set up. A quick Google search will get you all the information that you need to know to get that MetaMask set up. I wanna talk a little bit more about token management. And one more thing I would want to add is all the people who have staked in our staking program as of today and continues staking for the next 45 days are going to directly get the new EnCache tokens post the staking program. So you guys can quickly go stake on a 150% APR or APY and then that's about it and then you get the new tokens. Sorry Ben, I just wanted to clarify that too. So I do wanna dive around a little bit about tokenomics to better understand how that will work in function now that things are gonna be moving over to Avax. What can you kind of tell us about the tokenomics for the Nitro network? Right, so we are following a model called Burn and Mint Equilibrium Model which we've basically learned from one of the biggest players in this space, Helium where they've definitely Helium pioneers in the space. They, I think something that we saw that could work in the network industry. We are following a Mint and Burn Equilibrium Model where we are going to be creating EnCache tokens to give all the rewards to the NES, the NFMs and staking programs but we're also going to be burning every month through the revenue that is being created in the market in the on the ground and coming back and burning it. So I think it's a very, very detailed model. I think it took a lot of time to actually build this mathematical model but I think it works and it's going to be pretty fantastic. Awesome, all right. So we covered a lot today. We talked a lot about Nitro Network, the partnership with Cointelegraph, what's been happening, the move in migration over to the Avax ecosystem. Where can folks find out more information about Nitro Network, some of the latest updates and is there any kind of nuggets you might be able to tell our audience today about what might be coming up next for Nitro? Man, there's so much coming. There's a lot coming. So I will say like, you know, just to begin with obviously we've migrated to Avax now and we just partnered with Pangolin, one of the top dexists on the Avax chain. We are creating a superfarm yield which is going to start at a 1200% return guys. And that's going to, you guys have to read about superfarm yielding. It's going to be a beast and you're going to make, the returns are phenomenal, like I just said. And on top of that, we are creating liquidity in a lot of places we are trying to, we're talking to a lot of central exchanges, we are already listed on UoB and UoB is doing the token swap. So people on UoB will be directly given the new and cash tokens without any swap process. So that's something that the community needed to be educated. And on the other side and on a lot of other things, the website is being revamped at the moment. The NFM marketplace is going to be launched in the next couple of weeks. Guys, that's going to be awesome because the minute the launch happens, we are talking about these super cool NFMs that Benton just shared, them being minted and the reward process starting. So that's going to be a big moment in what we are trying to build. And on the other side, nesting registrations are going to be live very, very soon. We are going to start looking at the strategic locations and start telling you guys who are the partners. We are going to be deploying the machine like the infrastructure maybe April, mid to April end. That's where we are looking. We've already partnered with a couple of manufacturing units, who is also one of the biggest players in this space. We are building a custom product with them and we are going to be announcing that also in the next week or so, most probably in the next week. So that's a lot of things happening. And these are all just the tip of what we are trying to build and there's so much more coming in. It's one last question for you. So what does it look like? Is NitroNet we're going to be also partnering with more traditional businesses to get their devices and build these infrastructures with these type of companies? For example, Dunkin Donuts or gas stations or malls, is that in the playbook for Nitro? Absolutely, absolutely. As long as we are creating strategic locations. As a matter of fact, we are right now talking to players where we are digitizing their entire retail store. I mean, I'm talking about automating their personal stores apart from the fact that they are also going to act as the hub and create coverage in that area. So, I mean, that's going to be a super, it's going to be a win-win for all and I'm super excited for that. Awesome. This has been a eye-opening experience for me learning a lot today about NitroNetwork. I want to thank every single one of you for tuning in today. I see people are just chiming in on chat today, asking their questions, great questions all around. If you have more questions, Anup, where can folks go to interact with the community and community managers inside of the Nitro ecosystem? What's the best place for folks who have more questions? Right, so I'll say I'll, so just to begin with, if you guys have been following as you know, we've been super, super active on all social channels. We are on, our Discord is live. We have, the community managers are active 24-7, just for you guys to, and clear all your questions. We've opened a ticketing system where if anybody has any concern, can come in and put it there and we are going to try to solve it as fast as we can. And on top of that, you want to learn more. You should be following us. You should go to our website and look at our Githbooks. There's a whole bunch of documentation where we cover everything. Like I'm talking about technology, I'm talking about token economics, I'm talking about what is, how are we going to build this entire phase, even the details of how our Sentinel system, so that is what our entire Nitro operating system is going to be called. And the Sentinel system is something very, very interesting, which is going to be the main system for making sure the network is live. So you can find all of these details. Just check out the Githbooks on our website and I think there's a lot of things coming up. I was going to say that sounds like some matrix revolution stuff. That's really exciting. If you haven't given a Nitro network a follow, go ahead and do so now and like and subscribe, coin telegraph on YouTube. This has been awesome. Anup, thank you for joining us today. Hopefully we'll be able to do this again in the future once things are starting to go live and there's a lot more updates to provide the community. Again, for those just tuning in, this is the end of the show, but coin telegraph has partnered with Nitro Network. We are super excited to be here. And until next time, thank you for joining us today. I'm your boy, Benton. Thank you for jumping in. Thanks Anup. Hey, thank you so much guys. Thank you so much. We will be here back soon. All right.