A NRmine Story & Vision

While that project was highly profitable for us and our end customers, it was hard to support when cryptocurrencies went down.

When Crypto is down, funding Crypto Miners looks like a Ponzi scheme

In 2019, when BTC and ETH went down, we realised that most of our customers were newcomers to crypto assets. While most were happy with what they eventually got out of the mining, they reached a high level of stress when coins went down by 90%.

The most exotic coins were favoured by a lot of users. The $NYC (New York Coin) was a buzz experiment — jumping +600% in one day and getting delisted the next.

That's why we pulled the plug on selling Crypto Miner leasings

Pulling the plug wasn't easy. Sales were high and the market was recovering. We sold twice as many rig leases in 2020 when most of the early contracts were expiring.

Regardless, we wanted to find something more relevant for the Ethereum we were mining. This is how we started investigating smart contracts in art, music, gaming, and business.

The NFT hype encapsulates all the art, music, and gaming elements. Artists can track their creations on the blockchain. Game designers can extend the life of their games by allowing designers to create and sell assets. The biggest games of the near future will be those with the largest communities of content creators.

Music Creators can recover from what they've lost with Streaming

The music part is still exploring how NFT can settle on a profitable and relevant solution. The obvious application is royalty management, but there are many other opportunities — album artwork and gig booking among them.

Booking gigs is still a traditional model in the music industry. The blockchain will foster the end of record deals, which have constrained many of the best artists. Booking gigs is still the only way a band can become the next big hit — and blockchain changes who controls that process.

Business is NOT ready for 2025

By 2025, all contracts — from employment to insurance — could be on the blockchain. The economic reason is simple: it destroys all the middlemen between peers. For centuries we've needed lawyers, real estate deed offices, insurance brokers, and bankers. Smart contracts make their core function obsolete.

Depending on the conservatism of a company, its transition will need to be fast-tracked to grab first-mover market share. A smart contract transition is not a high-tech project — it's a governance project. Just as companies adapted to Sarbanes-Oxley in a short time, we will be able to shift from our old way of signing contracts within months.

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