Early investors of Coinbase received a return of 2000 times on investment. Will NBP be the next miracle?
Making Coinbase successful
Coinbase, represents the pioneer of cryptocurrency trading platforms. In the past, mining machine manufacturers such as Jiananyunzhi and Yibang got listed at NASDAQ one after another, which piqued the interest of the industry. Coinbase’s IPO is also a milestone in the industry, but Rome was not built in a day.
In fact, before 2018, the traditional financial sector condemned cryptocurrencies, almost all of them went short on the prospects of cryptocurrencies. The overall volume of the cryptocurrency sector actually began to gradually pick up again after 2020. Specific representative events such as DeFi’s overall TVL continue to expand, and it is still reaching new highs today. The whales represented by grayscale have begun rapidly accumulating their cryptocurrency holdings. The price of Bitcoin has risen from US$10,000, from breaking through the previous high of US$20,000 and finally landed at about US$60,000. Among them, the push of Elon Musk, Goldman Sachs, Morgan Stanley, Meitu and other technology and financial giants are also indispensable.
Coinbase’s listing is definitely a milestone event. The listing marks the further recognition of the cryptocurrency industry in the traditional financial market. If we go back to 2018, when the SEC often “sanctioned” some cryptocurrencies, no one would ever imagine that cryptocurrency companies could be recognized and then listed. For Coinbase, it is the first large-scale cryptocurrency company listed in the United States. If Coinbase’s market value reaches 100 billion US dollars, which is higher than the parent company of the NYSE, it will become one of the 85 most valuable companies in the United States. Therefore, making Coinbase one of the most successful cryptocurrency trading platforms.
In 2013, Union Square Ventures, a top VC, invested in Coinbase as an institution investor of early-stage. Since Coinbase’s listing, USV earned a sizeable return of 2000x. Wang Qian, the founder of Suyuanyuxin, said that good information and aesthetic quality can not only feed themselves, but also for a lifetime. It is true that the early judgment of new things is particularly important, after all, you can’t predict how much impact it will bring in the future.
Will NebulaPlan be the next Coinbase?
The whole tech industry is currently in the iteration phase where old technologies are slowly being replaced by the new ones. Moreover, we have also entered the post-industrial Internet era. Emerging technologies such as AI, 5G, Big Data and will eventually determine the speed of technological progress.
From the traditional industrial society, the degree of supply of energy resource, such as oil, determines the level of industrial development. The new “energy trinity” represented by bandwidth, storage, and computing power has become a decisive factor which determines the height that the technological development would achieve. In the field of high-end technology, the demand for computing power is higher than bandwidth and storage. Therefore, to some extent, computing power determines the level of technology development for high-end technology.
There is an absence of a mature infrastructure that efficiently matches demand of computing power to the supply.
At this stage, the computing power sector as a whole has not formed a reasonable supply and demand market. The whole market shows the downsides of supply and demand mismatch, resource asymmetry, and high computing power cost. There is an absence of a mature infrastructure that efficiently matches demand of computing power to the supply. When idle computing power equipment is not matched to demand this results in a ‘wastage’ of computing power. It has become a problem that how to reasonably match the supply and demand of computing power like commodities on the free market. NebulaPlan is expected to reshape the supply-demand relationship of computing power through decentralization.
NebulaPlan is an computing power alliance based on a strong ecosystem infrastructure. It brings together computing power supplies from all over the world. After being aggregated, the computing power will be tokenized and circulated in the NebulaPlan blockchain network in the form of smart contracts. In the NebulaPlan ecosystem, users can both the supply and demand for computing power. For example, if a user has an idle computing power device in his hand, the user can get together his computing power into NebulaPlan’s computing power bank, and use the computing power bank to match his idle computing power with the demand in a decentralized manner, the user can get rewards of NBP tokens. Based on this, the Nebula Plan also horizontally expands computing power, including cross-cloud management, cross-cloud applications, and cross-cloud transactions.
NebulaPlan converts single node mining into joint mining. For users who need computing power (say for mining), they only need to own a computing power contract to trade and exchange through NebulaPlan’s computing power DEX. At the same time, the computing power contract will be delivered, and the actual delivery will be carried out according to the orderquantity. NebulaPlan has built a computing power trading platform in a decentralized form. At the same time, it will also quantify and authenticate the computing power source. The NebulaPlan ecosystem uses blockchain technology as the bottom layer of the transaction network running. It has the characteristics of decentralization, peer-to-peer, autonomy and irreversibility. The system has high efficiency and consensus trust. The NebulaPlan network also has quite strict penalty measures for fraud.
The NebulaPlan alliance has attracted the participation of computing power groups, such as mining pools in the cryptocurrency field. For example, Bitmain, which currently controls more than 75% of the SHA256 ASIC mining machine market share and about 65% of the entire Bitcoin network computing power, and actually controls about 80 to 85% of the computing power, has launched a strategic cooperation with NebulaPlan. Bitman will be one of the Hashing Allaince in the NebulaPlan ecosystem, and provides infrastructure of computing power for the NebulaPlan ecosystem such as computing power, mining machines. With the participation of large-scale mining companies, NebulaPlan has gradually become a large-scale computing power hub all over the world. Subsequently, NebulaPlan hopes to scale its solutions to more industries such as cloud computing — another huge demand for computing power.
Both Coinbase and NebulaPlan are examples of blockchain companies pushing new frontier within the industry. Coinbase has made cryptocurrency mainstream. That itself offers an immensurable amount of value and thus the company is being favoured by capital. NebulaPlan, on the other hand, offers to connect demand and supply of computing power worldwide. At the same time, it is expected to reshape the global computing power ecosystem. The estimated impact is no less than Coinbase. NebulaPlan, as an ecosystem where token and shares hold same ownership rights, NBP tokens is equivalent to NebulaPlan’s shares. In the future, as the NebulaPlan continues to lay the foundation in the field of computing power, it can bring sizeable gains to its shareholders (i.e. holders of NBP tokens). If early investors of Coinbase are able to get 2000x return on investment, we hope NBP will be able to offer the same, if not exceed.
