Shroom Community Update #1

Hey Shroomies! How is it going?

It’s been a couple of weeks since we appeared in the DeFi scene and since then things in the ecosystem have been evolving rapidly. It’s crazy the speed at which things are moving. It’s super exciting to see this fast innovation. We have also been working hard behind the scenes!

Due to popular demand by community members we have decided that every week or two we will be posting a community update so you know what’s happening behind the scenes and what we are working on.

Let’s dive right in!

Highlights

  • 2nd round of farming with new token rewards
  • Governance is now up and running
  • Introduction of bounties for community contributors
  • Discord team is ready

Roadmap progress

The Shroom ecosystem will have several components, one of them being a DEX, but also other exciting innovations bridging Gaming and DeFi that we hope you will like. For now we want to keep some cards close to our chest though!

Work performed in the past week:

  • UI concepts have been completed and the frontend work has started
  • Ongoing evaluation of best options for NFT swapping smart contracts
  • We polished the SHROOM use cases and devised new ones
  • Completed several strategies for reaching product-market fit
  • Acquisition of the domain where we will host the DEX (transfer took 9 days!)
  • Initiated exploratory discussions with game developers

The next update in a few days will contain a full picture of the roadmap with much more details. Soon you will also know who will be eating the shrooms and which powers it will concede!

Second Round of Farming

The community suggested minting NFTs with higher reward properties. These might come later when we start to integrate with games. Details are still being discussed and will be published in the next update, along with the tokenomics and use cases for the tokens.

Governance is up and Running

https://snapshot.page/#/shroom

Introduction of bounties for community contributors

  • Articles and write ups
  • Design
  • Meme contests
  • Video promos

We are also looking for help with development, so if you are or know solidity devs who would like to work at the intersection of gaming and DeFi feel free to reach out.

Discord team

That’s all for this week’s update. More exciting news very soon!

Until next time shroomies!
Shroom Team

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DeFi protocol for NFT assets trading & minting.