TLDR Crypto Daily Update 2022-04-01

Samsung NFT TV ๐Ÿ“บ, emerging crypto narratives ๐Ÿ’ฌ, understanding Stellar โญ

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Innovation & Launches

Samsung Taps Nifty Gateway to Create Smart TV NFT Platform (3 minute read)

Samsung and Nifty Gateway have partnered to bring the Nifty Gateway NFT platform to Samsung's 2022 premium TV lines. The integration will allow users to view and purchase artwork from the Nifty Gateway platform. Users will be able to purchase NFTs with credit card, debit card, or cryptocurrency, and store their NFTs in Nifty Gateway's custodial wallet system. Nifty Gateway facilitated hundreds of millions of dollars worth of NFT trades in 2021.

0xSplits (3 minute read)

0xSplits is a trustless protocol for splitting on-chain income. Splits are smart contracts that receive ETH and ERC-20 tokens and allocate the funds to Recipients. The protocol runs at gas cost by relying on third-party distributors to execute transactions in exchange for a Distributor Fee. This article introduces 0xSplits and provides a step-by-step guide on how to interact with the protocol.
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Guides & Resources

WAVES is the biggest ponzi in crypto (6 minute read)

WAVES is a layer 1 blockchain that is used to mint USDN, its native stablecoin. Its market cap has massively outperformed Ethereum in the past few months despite zero traction on its key performance indicators. As the WAVES price pumps, it creates more USDN issuance capacity. The system requires continuous growth in market cap to keep running. If the price drops enough, USDN would become insolvent and would de-peg. The platform is currently being propped up by borrowed money and there is no organic activity.

Stellar 101: bridging #crypto and fiat currency (3 minute read)

This Twitter thread discusses Stellar and explains how the protocol works. Stellar is a payment protocol based on distributed ledger technology that allows for quick cross-border transactions between any pair of currencies. It allows users to create, send, and trade digital representations of currency. The network can confirm transactions in under five seconds and it supports multi-signatures and smart contracts. It has processed more than two billion operations since its launch in 2014.

Starknet, a layer 2 scaling solution based on ZK-rollups (4 minute read)

Starknet is a layer 2 scaling solution based on zero-knowledge rollups. It aims to provide unlimited scalability for Ethereum using its safe and scalable zero-knowledge cryptographic proof system. Zero-knowledge is a method to verify statements without revealing the contents of the statements. Rollups batch transactions together to validate them. More information about Starknet, the technology behind the protocol, and the state of the project is available in the thread.

A list of potential narratives I see growing significantly over the coming years (4 minute read)

This Twitter thread lists potential narratives that could grow over the coming years. It covers liquid staking, NFT fractionalization, social tokens, options, ZK proofs, and much more. The crypto world is constantly innovating and moves at a rapid pace. While no one can predict the future, we can see where the industry is currently heading.

A mega-๐Ÿงต about Layer 2 scaling solutions for Ethereum (6 minute read)

Ethereum can only handle about 15 to 30 transactions per second. This means that its network is always congested and people have to pay huge gas fees to get simple transactions through. Layer 2 blockchains are scaling solutions that operate on top of layer 1 blockchains like Ethereum. This Twitter thread discusses what layer 2 solutions are, the different types of layer 2 solutions, the requirements for a good layer 2, and much more. It provides links to many other helpful resources.
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Miscellaneous

Nike Wants to 'Destroy' Unauthorized NFTs โ€” How Will That Work? (4 minute read)

StockX is a Detroit-based company that lets people buy and sell used brands on its website. It recently decided to start selling NFT versions of Nike merchandise that customers could redeem for physical shoes. Nike has filed a complaint, claiming that the NFTs were infringing on its trademark rights. Many of StockX's NFTs have sold for well over $1,000 and few people have redeemed them for shoes. Nike wants StockX to turn over its profits and stop selling the NFTs. It also wants the NFTs to be destroyed, but this may be impossible due to the technology behind NFTs.

EU Parliament Passes Privacy-Busting Crypto Rules Despite Industry Criticism (2 minute read)

EU lawmakers have voted to outlaw anonymous crypto transactions. The law will require payers and recipients of even the smallest crypto transactions to be identified, even for transactions with unhosted or self-hosted wallets. The decision is controversial and many industry participants have objected to the law. Legal experts have warned that these privacy violations could face challenges in EU courts.

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New York, NY, 10011