TLDR Crypto Daily Update 2022-03-04

OpenSea Solana support β˜€οΈ, 1inch P2P swaps 🀝, Ukraine cancels airdrop πŸͺ‚

Innovation & Launches

1inch Network adds a P2P feature to facilitate secure crypto swaps (2 minute read)

1inch has introduced peer-to-peer order functionality in its decentralized application (dApp). The feature will allow users to specify who they will be trading with by sending order links to other users. Orders can be set to expire anytime between 10 minutes and seven days. The P2P feature is available on many chains, including Ethereum, BNB Chain, and Polygon.

Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support (3 minute read)

Leaked images show that leading NFT marketplace OpenSea may be adding Solana-based NFTs. It appears that the platform is working on Solana integration and Phantom wallet support. Solana is the third-largest blockchain in terms of NFT sales. Its fees are negligible compared to Ethereum's. Magic Eden, the most popular NFT market on the SOL chain, has over 400,000 traders and $706 million in total sales volume.

Algorand continues to deliver the technology required to power applications & solutions of the future (Twitter Thread)

Algorand's latest protocol release is now available. The release features smart contract compatibility with contract-to-contract calls and post-quantum secure Falcon Keys. Contract-to-contract calls allow complex dApps to be built that can efficiently and trustlessly interact with other smart contract-based dApps. Post-quantum secure Falcon Keys will allow Algorand to be trustlessly accessed in low-power environments like mobile phones and smartwatches. Links to articles explaining the new features in more detail are available in the thread.
Guides & Resources

Growth Frameworks from Web2 to Web3 (9 minute read)

A growth model is a system or loop that represents the qualitative or quantitative levers that inform product growth. Traditional web2 growth frameworks can be a practical guide to see how successful products can grow. This article looks at growth frameworks for web2 companies and how they can be applied to web3. It is part of a series that explores how web3 founders and builders can use web2 growth frameworks to scale successful products.

DAO Rugability and Architecture (5 minute read)

This article looks at how to determine whether a DAO or tokenomic system is safe to participate in. It investigates the factors that determine a DAO's rugability, or risk level. DAOs should consider risk levels when determining their governance structures. Strong DAOs are built with organizational risk accounted for.

Identity as Information (10 minute read)

Identity is a concept with many connotations and a highly context-dependent meaning. This article looks at identity and how it can shape web3, its applications, and the experience of the web. It discusses different ways that identity systems will be implemented in web3 and assesses the dependability, flexibility, and accessibility of the systems.

Swiss City of Lugano to Make Bitcoin and Tether 'De Facto' Legal Tender (1 minute read)

Lugano, a city in Switzerland, has formed a partnership with Tether to establish Bitcoin, Tether, and the town's own token as essentially legal tender in the city. The town aims to have all of its businesses seamlessly use crypto for everyday transactions. The Swiss franc will remain the actual legal tender of the city. The Bitcoin World Forum will be held in Lugano at the end of October.

Ukraine canceled its crypto airdrop. It’s turning to NFTs instead (1 minute read)

Ukraine has canceled its plans for an airdrop and will instead release NFTs to support the Ukrainian Armed Forces. The airdrop announcement prompted an influx of microdonations from donors expecting free tokens as rewards. Some have called the cancellation a rug pull. An unknown entity attempted to spoof the promised token by minting a token with the symbol WORLD. Etherscan has marked WORLD tokens as coming from a problem address.

Ethereum Companies Suddenly Ban Users In Certain Countries (3 minute read)

MetaMask and OpenSea have stopped serving users in certain jurisdictions. Users in Venezuela were unable to access their MetaMask wallets starting Thursday. The app can still be downloaded through a VPN and accounts can be restored elsewhere using a seed phrase. OpenSea users from Iran were blocked from the platform on Thursday without any notice or explanation. These sudden bannings, along with other recent events, have sparked discussions about how centralized the decentralized world of crypto really is.

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