The next big Airdrop in Cosmos
INTRO
The Bull Market seems to be back, and the Cosmos Airdrops Season definetely is. After seeing decent Airdrops in the Bear Market like $NOM, $ARCH, $SEI and especially $STRD. A few days ago while Crypto prices started to pump, the $TIA Airdrop arrived. Which for many was worth from around 500 to 700 Dollars, probably more at the time I'm writing this. Soon, also $PYTH will be claimable, even though this one will be for Cosmos DEFI users and not for stakers. In all of this the new Cosmos based DYDX chain launched, in this case no airdrop, but $DYDX incentives for people utilizing their products are very likely. But, it's not stopping there, the next big Airdrop for Cosmos Stakers seems to be $NAM, lets dive deeper:
WHY $NAM
$NAM or Namada, exists with the objective of creating a portal between the public and the private worlds. In fact, up until now we limited ourselves to blockchains offering privacy only inside their own chain, or at Dapps offering privacy, like Tornado Cash. But things like it, offer privacy only when utilized. In Cosmos there is already a chain like Secret Network ($SCRT), that allows users to use DEFI and other Dapps in a private way, but also in this case that only can happen inside its blockchain. Namada, on the other hand, wants to offer privacy as default. In the sense that it can be available to any user on any blockchain.
HOW
All of this, isn't simple. That's why Namada developed a step based plan. In my Cosmos article ( https://www.bulbapp.io/p/6d32f361-08ec-4181-ae61-e84a6fc303f8/il-futuro-delle-crypto-su-cosmos-atom ), I talked about how Cosmos objective is to interconnect all the Crypto world. In the same way Namada wants to bring privacy to all of Cryptos. That's why they will start by bringing their services to Cosmos first, once done they will move to Ethereum and EVM chains and finally they will expand to all the remaining Cryptos.
GETTING MORE TECHNICAL
I don't like to be too technical, but this time it seems only fair to explain in a very basic way how they want to conquer this very difficult objective.
Firstly there won't be any need to alter any blockchain, because privacy will be added to the various assets without the need of any modifications to them. This happens with the use of the "Unified Shielded Set". Then by using the "Shielded Actions", a private layer gets created that allows the user to interact with any Dapp, even on public chains like Ethereum or Osmosis. With the help of Cosmos IBC protocol, it will be possible to offer privacy in transactions between different Cosmos chains. After that, a bridge for EVM chains will be created that will allow to "Shield" ERC20 tokens during the passage between chains. All of this, will gurantee what we can call: "Interoperable Privacy".
Obviously, if you want to dive even deeper, I suggest to check out their website: https://namada.net/ .
AIRDROP AND THEN SOME
The Namada team seems to really take things seriously, when it comes to privacy on blockchains and beyond. In fact, besides Airdropping to $ATOM Stakers, they want to Airdrop also to people that are contributing to the protocol before its launch, through the "Community Builders Program": https://namada.deform.cc/communitybuilders/ (Here's the link in case you want to participate). Finally, according to their website, there will be rewards, probably always in $NAM Tokens, for the users that are going to "Shield" their assets. I think, that it's pretty clear that they want to get on chain Privacy to as many people as possible.
In any case, good times for Cosmos Stakers seem to be back, and with many new projects building on top of Cosmos, there definetely will be many other worthy Airdrops coming soon, and $NAM definetely is one of them. NOT FINANCIAL ADVICE.
