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TLDR Crypto 2022-04-28

Okay Bears break Solana records 🐻, ENS domain mania πŸ“ˆ, bridgeless cross-chain swaps ⚑

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Innovation & Launches

Solana's Okay Bears Top All Ethereum NFT Projects With $18M in Sales in One Day (3 minute read)

Solana-based profile picture NFT collection Okay Bears generated $18.4 million worth of secondary trading in the first 24 hours after its launch. Okay Bears' sales beat several notable Ethereum NFT projects in 24-hour trading volume. It was the biggest day so far for NFT trading on Solana.

Introducing Rain (3 minute read)

Rain is a corporate card for web3 teams. It links to USDC balances and enables spending in fiat at merchants worldwide. Rain aims to enable teams to build without ever needing a fiat bank. More information on how to become a Rain Member is available in the article.

DeFi Trading Platform Hashflow Introduces Bridgeless Cross-Chain Swaps (1 minute read)

DeFi trading platform Hashflow has introduced a new feature that enables bridgeless cross-chain swaps. The platform uses a request-for-quote model where professional market makers set token prices. Its price discovery is done off-chain, so customers are able to get better prices without high slippage. Hashflow will allow for native-to-native swaps, so users won't need to use cross-chain bridges. Its cross-chain trading feature will support swaps between Ethereum, Avalanche, BNB Chain, Arbitrum, and Polygon.
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Guides & Resources

Free Web3 Resources (GitHub Repo)

This repository contains a list of free web3 resources primarily for Ethereum developers. Many Ethereum concepts are shared among blockchains. Sections include developer roadmaps, Ethereum in different languages, DAO communities, SDKs, and NFT marketplaces.

Four digit ENS domains took twitter by storm yesterday (3 minute read)

Four-digit Ethereum Name Service (ENS) domains sold out within the span of around six hours and now trade at a floor price of around 0.25 ETH. ENS is a naming system on Ethereum that allows users to create names for all their wallet addresses and decentralized websites. ENS domains can be used as community identifiers. ENS subdomains can't be faked, unlike profile pictures. Every project should issue subdomains.

Token generation events (3 minute read)

Many tokens pump on public sale, and then only trend downwards after. Founders pressured to launch at a low market cap are forced to launch with a low float, leading to a pump as retail rushes to get in followed by a dump when the token finds liquidity. Tokens are not just for fundraising, they can be community-building mechanisms. Long-term supporters of a project can help both the project and its token price grow.
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Miscellaneous

Central African Republic Becomes Second Country to Adopt Bitcoin as Legal Tender (2 minute read)

The Central African Republic (CAR) has adopted Bitcoin as legal tender. Bitcoin will serve alongside the Central African CFA franc as the national currency. There is no information on how the CAR plans to implement the currency. The CAR is one of the world's poorest countries and it is also politically unstable.

Edward Snowden Played Key Role in Zcash Privacy Coin’s Creation (6 minute read)

Edward Snowden played a secret role in the creation of Zcash. Zcash is a cryptocurrency that allows users to transact privately. Its privacy mechanism uses a private key that has the ability to generate coins. The key was split into many pieces in order to prevent anyone from misusing it to forge coins. Snowden received one of the pieces under a pseudonym. He was never paid by the project and had no stake in it.

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