Innovation & Launches
OpenSea Is Adding Solana NFTs, Phantom Wallet Support: Leaked Images (2 minute read)
A well-known blogger and hacker who is known for discovering tech features has leaked screenshots showing OpenSea supporting the popular Phantom Solana wallet as well as the blockchain itself. The discovery was made by reverse-engineering OpenSea's website. OpenSea claims that the discovery is just speculation and that the company would comment if or when it has something to say. The leaked screenshots are available in the article.
Etherscan Creators Launch 'Ethereum Instant Messenger' Blockscan Chat (2 minute read)
The Blockscan Chat beta is now live. Blockscan Chat allows Ethereum users to message each other from wallet to wallet. Users just need to connect an Ethereum wallet to the service to use it. The service runs on Etherscan's servers, so it doesn't have the benefits of decentralization. Users who breach the company's terms can have their access suspended. Wallet-to-wallet messaging allows people to directly message asset owners to buy NFTs, which makes the service a competitor to NFT marketplaces.
Web3 Investment Clubs, Syndicate’s first mainstream social investing tool built on Syndicate Protocol (Twitter Thread)
Syndicate's Web3 Investment Clubs allows groups of people to create and run an investment club as a DAO. Members can invest in tokens, NFTs, off-chain startups, and assets through Investment Clubs. Syndicate has standardized DAO legal documents for Investment Clubs that can be generated for free and it has partnered with Doola to enable DAOs on Syndicate to get legal entities and Employer Identity Numbers. An article introducing Syndicate's Web3 Investment Clubs is linked in the first tweet.
Guides & Resources
Fantom’s “Curve Wars”: How Andre Cronje and Daniele Sesta are changing liquidity provision (5 minute read)
Solid Swap is a new decentralized exchange design aimed to compete with the standard model that Uniswap pioneered. It uses a vested escrow mechanic adopted from Curve and an element that benefits both users and developers for keeping their tokens staked. Solid Swap's native token ROCK is designed to be emissions-based and highly inflationary. It will be used to decide which liquidity pools ROCK emissions should be directed to, with users receiving trading fees from only the liquidity tools they voted on. The system incentivizes token holders, rather than just liquidity providers. Many more details about how Solid Swap works are available in the article.
Building Sustainable Web3 Games with Owned Liquidity & Tokenized Assets (6 minute read)
This article discusses how Crypto Raiders is using tokenized game assets and protocol-owned liquidity to create a game that is fun to play, rewards gamers for their hard work, and generates enough revenue to fund continued development. Tokenized game assets are in-game items that can be obtained through gameplay and traded. Protocol-owned liquidity allows games to provide liquidity on tokens and gain revenue on traded items. This business model shows how web3 games can monetize in-game economic activity without needing to rely on constantly attracting new players.
Separating the Monolith (4 minute read)
Ethereum's full node size is growing at an average rate of 78% per year. If it is to be used by the masses, the data must be stored in a way where node overhead is minimal. Data available proofs allow for data to be securely stored off-chain. Provably secure off-chain data storage will drastically reduce a node's storage requirements, making Ethereum more scalable.
YouTube’s Head of Gaming Leaves to Join Polygon Studios as CEO (3 minute read)
Ryan Wyatt, the head of YouTube Gaming, is leaving to become the CEO of Polygon Studios, a blockchain venture dedicated to building on the Ethereum sidechain Polygon. Wyatt plans to grow the developer ecosystem through investment, marketing, developer support, and by bridging the gap between web2 and web3. He believes that critics of blockchain gaming will see the value of NFT blockchain-based gaming when more polished native blockchain experiences are created. The gaming industry will see a huge shift over the next five years as new game formats start allowing items to have actual monetary value.
Mark Zuckerberg’s stablecoin ambitions unravel with Diem sale talks (3 minute read)
The Diem Association is considering the sale of its assets as a way to return capital to its investor members. The project has met too much resistance from regulators as the digital currency could potentially lead to an excessive concentration of economic power. Discussions are now being held to sell off Diem's intellectual property, but there is no guarantee that the association will find a buyer.
YouTube CEO Wojcicki says the video site has plans to capitalize on Web3 (3 minute read)
YouTube will be expanding in ways that may help creators capitalize on new technologies like NFTs. In an annual letter, YouTube's CEO acknowledged the ability of NFTs and DAOs to grow the connection between creators and their fans and said that the company's focus was to help its creators capitalize on emerging technologies. YouTube is in the early phases of testing integrated shopping with Shorts. The platform also plans to go deeper into podcasting to provide another avenue for distribution and promotion.