Geeks Zoo
This page describes the Geeks Zoo dApp and how it streamlines the management of the NFTs within the Ecosystem and the concept behind them.
Last updated
This page describes the Geeks Zoo dApp and how it streamlines the management of the NFTs within the Ecosystem and the concept behind them.
Last updated
From the dawn of the first civilization ~5,000 years ago, humans have been working to solve the complex issues of resource acquisition, management, storage, and distribution. Traditional Finance (TradFi) has invented a number of financial instruments to help with these issues including but not limited to (take a deep breath);
Common stocks, preferred stocks, convertible bonds, government bonds, corporate bonds, municipal bonds, notes, debentures, commercial paper, certificates of deposit (CDs), Treasury bills (T-Bills), Treasury notes (T-Notes), Treasury bonds (T-Bonds), mortgage-backed securities (MBS), asset-backed securities (ABS), call options, put options, futures, forwards, interest rate swaps, currency swaps, commodity swaps, credit default swaps (CDS), warrants, rights, mutual funds, exchange-traded funds (ETFs), hedge funds, index funds, closed-end funds, unit investment trusts (UITs), segregated funds, annuities, life insurance policies, fixed annuities, variable annuities, savings accounts, fixed deposits, money market accounts, guaranteed investment certificates (GICs), demand deposits, real estate investment trusts (REITs), private equity, venture capital, precious metals, energy commodities, agricultural commodities, collectibles, structured notes, collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), foreign exchange contracts, currency futures, currency options, credit default swaps (CDS), credit linked notes (CLNs), letters of credit, bank guarantees, convertible securities, depositary receipts, American depositary receipts (ADRs), global depositary receipts (GDRs), promissory notes, bills of exchange, invoice financing, securities lending, and borrowing.
Despite the incredible amount of time and energy that has gone into creating these financial instruments and educating the population on how to use them, many are uninterested in the list above as it does not meet their financial needs. In the current digital age, blockchain technology creates a unique opportunity for developing new-age financial instruments by leveraging the immutability of a decentralized ledger and programmable smart contracts.
The outcome is a new era of (DeFi) financial instruments with vastly different models/concepts. For example, one could invert the traditional pet/human relationship and create a digital trading environment run by 550 animals that assist with gardening, deliveries, software development, cooking, military operations, and travel, and allow people to own these animals as pets. In return for digital companionship, these animals provide their owners with the resources they acquire to help them with their food, shelter, and entertainment needs.
The Geeks Zoo dApp is used by investors to transfer the resources from their digital pet to their personal wallets. There is a designated section on the dApp for each of the 5 animals within the Ecosystem where the resources are available to claim. The resources claimed to date are displayed here as well.
