Innovation & Launches
Volt Protocol Raises $2 Million for 'Inflation-Resistant Stablecoin' (4 minute read)
Volt Protocol has raised $2 million to develop its decentralized, inflation-resistant stablecoin. The stablecoin will track the Consumer Price Index (CPI) instead of being pegged to a fiat currency. Other stablecoins that track the dollar lose purchasing power as inflation rises. Volt is built on Ethereum and uses Fuse, an open interest protocol that supports isolated interest rate markets. It uses a Chainlink oracle to transmit CPI data to a Volt smart contract. Volt plans to launch its mainnet in late April or early May.
Meta Starts Building a Digital Economy for Creators in Horizon Worlds (1 minute read)
Meta has introduced new tools for selling virtual goods in its virtual reality game Horizon Worlds. Selected creators will be able to sell virtual items and effects in their worlds. The items will only be available to North American users above the age of 18. Meta will take a 25% to 70% cut from virtual goods sales. Creators with popular worlds will receive monthly bonus payouts from Meta.
Guides & Resources
The most important things you should know about the Stellar Network (2 minute read)
The Stellar network is a distributed ledger technology that facilitates financial transactions. It allows users to create, send, and trade digital representations of currency. The network can support thousands of transactions per second, with a transaction confirmation time of three to five seconds. It also supports multi-signatures and smart contracts. Many more details about the Stellar network are available in the thread.
The case for Solana NFTs (2 minute read)
Over the last month, Ethereum's sales volume has been ten times the size of Solana with only two times the number of unique buyers. Once Solana catches up to Ethereum in users it will start to catch up in market cap. There will be a bigger amount of growth in the smaller cap NFTs as the NFT market matures. Solana makes NFTs much more accessible, and its maturity will attract Ethereum collectors.
Coinbase to Produce Bored Ape Yacht Club Animated Short Films (3 minute read)
Coinbase is developing a three-part series of animated shorts based on the Bored Ape Yacht Club (BAYC) NFT project entitled 'The Degen Trilogy'. It will feature characters based on BAYC and ApeCoin. The first film will debut at NFT.NYC in June. Coinbase will work with BAYC NFT holders and potentially feature their characters in the films.