Hello Cadets! Today we are here with another great episodeon something that has been sweeping the part internet like a wild whirlwind. Well, if you have made a guess once, thenthats great, but if not, its none other than NFTs. Today we will shed some light on a specialNFT project which is not your typical mart comedy but an NFT-powered social platform. A gateway for everyone to get closer to theworlds most prominent influencers and celebrities while earning crypto wages simultaneously. Hubbubs pretty exciting, right? Lets learn more about this together.Alright, Cadets. Imagine a platform where influencers createand post exclusive digital content like photos, GIFs, or videos merely for you. The material abides locked behind a virtualmask all the time, but once you become the highest bidder, you get the ownership to takeoff the virtual mask and immerse yourself into the personal content created by yourfavorite fames themselves. This sounds like a dream, but the creativeteam at Only1 has decoded this fantastic idea into a jaw-dropping reality by developingan NFT-powered social engagement programme. Instead of entirely focusing on NFTs, theplatform provides influencers with an opportunity where they can create restraint volume content, share them with their audience, and get reinforced with development projects native token$ LIKE. How Only1 Works?( Timestamp: 00:00) As far as the scaffolds functionalities are concerned, Only1 offers a flawless userinterface uttering it very easy for architects and devotees to engage with each other. Once a developer has completed the signup processand overstepped the KYC, a genesis NFT is minted on which the followers can see the offers usingthe$ LIKE token. As simple as that. But wait! We have not asked about the venture opportunitiesyet.You will be happy to know that Only1 allowsfans to stake and lock$ LIKE on their favorite influencers sketches and give profitablereturns for their contribution. The genesis NFT owner, as well as the developer, both pay a split of the stake rewards. Till this stage of the show, you must havedeveloped a good mind of how Only1 works, but do you know the truth of the blockchainplaying behind this programme? Well, you will find it interesting to knowthat Only1 has been built on the top of the Solana blockchain.But before dive into this, you all need toknow that scalability is one of the biggest challenges out there for blockchain technology. As these blockchain systems grow, they oftenface limits in terms of transaction rate due to network congestion where users endup high-pitched gas fees. And, this is the problem that most of theblockchains are struggling with right now, including Ethereum. Sorry, Vitalik! So, with the cost of gas costs, most blockchainscurrently dont have the capacity for mainstream creators and devotees to yield the transactionfees paired with buying an NFT. But there is where Solana salvages the day.Solana is an example of a beautiful and ridiculouslyfast blockchain that has been engineered for native scalability to unlock higher energyefficiency and higher security through low-pitched processing capability. Let us have a sneak peek into some interestingnumbers. At the time of shooting this chapter, Solanacan process 65,000 deals per second which is almost 10,000 experiences faster than Bitcoinand 4,000 hours faster than Ethereum. On top of that, the deal rewards on Solanaare estimated at $ 10 for a$ 1 million deal, in comparison with the $ 300,000 for the same transactionon the Ethereum network. Woah! So, are responsible for ensuring that architects and devotees can havea great suffer use Only1, it was important for the stage to select a super-fast blockchain, and there could not have been a better choice than Solana.Now, causes have a quick look over the developmentroadmap. Only1 is still cruising at an early stageof its development cycle, but the scaffold paradigm has been completed. In the third quarter of 2021, the projectintends to perform a beta start and initiate mart functionalities. Whereas the fourth quarter of 2021 has mobileapp evolution, lottery plan, and Public launch on the barrel directory. Alright, folks, thats the establish for theday! If you are interested in us to review another assignment, then go crazy in the comments section. And if you experienced this video, then pleasegive us a like and subscribe.This is captain crypto signing off. And until next time – HODL, lock crypto, and may Satoshi and Vitalik be with you always ..