NAS or the Nebulas utility is self-described as an autonomous metanet focused on on-chain events. NAS token is the native token of its platform. The token Nebulas was born in 2017 in Singapore and it started its life as Eagle Nebula on the Ethereum blockchain. Its mainnet beta started in December 2018. With the launch of NOVA, the first version of mainnet went live on the 2nd of April back in 2019. Nebulas are mined using an algorithm called the Proof-of-Devotion (PoD) also commonly known as the hybrid Developer incentive Protocol (DIP). While its platform is built in a framework that’s quite synonymous to that of Google, it’s focused on shifting it to blockchain. The team is committed to autonomy which is indicative from the formation of the Nebulas Community Group.
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