TLDR Crypto Daily Update 2022-05-06

Binance backs Elon πŸ’°, OpenSea rival Zora πŸ–ΌοΈ, NFT master reading list πŸ“–

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Innovation & Launches

Binance Backs Elon Musk's Twitter Acquisition Bid With $500M (3 minute read)

Binance has committed $500 million to Elon Musk's recent bid to acquire Twitter. Other investors have also committed a total of around $7.1 billion towards the acquisition. Musk plans to introduce an edit button, make Twitter's code open-source, and eliminate spambots. He has hinted at adding crypto payments for Twitter's premium Blue service.

NFT Platform Zora Raises $50M in First Big Bet for Haun Ventures (3 minute read)

Haun Ventures is leading a $50 million funding round in Zora, an NFT platform looking to challenge OpenSea. Zora was founded as a service that offered artists the means to sell digital tokens tied to physical artifacts, but it has since pivoted to building an open-source protocol that allows anyone to create an NFT marketplace. It uses an open and on-chain protocol to manage NFTs rather than a centralized database. The funding round values Zora at $600 million.

Introducing ✨ RainbowKit ✨ (3 minute read)

RainbowKit is a tool for adding wallet integration to decentralized apps. It supports the best-in-class user experience for all wallet connection flows. RainbowKit handles wallet connection and management. It is easily customizable and it supports any EVM-compatible chain out-of-the-box.

Curve Finance Integrates With Near’s Aurora Network (2 minute read)

Curve Finance has integrated with Aurora, Near protocol's Ethereum Virtual Machine (EVM) layer. Curve users will be able to connect to the Aurora network on their Ethereum wallets and access liquidity pools. $7.5 million in grants will be allocated to Curve to help establish its presence in the Aurora ecosystem. The integration will add a layer of DeFi composability and liquidity to Aurora.
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Guides & Resources

Gaming in Web3: Unlocking the Open Economy (9 minute read)

Gaming is one of the fastest-growing verticals in crypto. Crypto-native gaming creates a better gaming experience for players and a better development experience for game studios. It has allowed the play-to-earn economy to surface from a gray-market area into a natively supported feature. This article discusses crypto games, the open economy, how it affects gamers and developers, and more.

Gaming in Web3: Unlocking the Open Economy (9 minute read)

Gaming is one of the fastest-growing verticals in crypto. Crypto-native gaming creates a better gaming experience for players and a better development experience for game studios. It has allowed the play-to-earn economy to surface from a gray-market area into a natively supported feature. This article discusses crypto games, the open economy, how it affects gamers and developers, and more.

NFT master thread (7 minute read)

This Twitter thread contains many resources about NFTs. It includes articles on music NFTs, trading, virtual land, the metaverse, and much more. A link to an older thread full of resources about NFTs is available.

NFT master thread (7 minute read)

This Twitter thread contains many resources about NFTs. It includes articles on music NFTs, trading, virtual land, the metaverse, and much more. A link to an older thread full of resources about NFTs is available.

πŸ”₯βš’οΈ NEW FOUNDRY RELEASE πŸ”₯βš’οΈ (2 minute read)

Anvil is a blazing-fast local testnet node implementation from Foundry written in Rust. It can deploy and test contracts from frontends or over RPC. Anvil supports all major ETH namespace RPC APIs, as well as Hardhat's state overrides, evm_mine, evm_snapshot, geth/parity style traces, and more. It is now available on all Foundry-supported platforms.
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Miscellaneous

Coinbase's NFT Marketplace Gains Less Than 150 Users in First Day Open to Public (3 minute read)

Coinbase NFT saw less than 150 new signups on its first day, according to data from Dune Analytics. The market saw 150 transactions on opening day, amounting to around $75,000 traded. There are already many competitors in the NFT marketplace space. The timing of the launch may have been an issue, with crypto remaining firmly in a bear market.

A 28 Year Old’s A9 Lecture on ENS Domains (24 minute read)

This article is a translation of a lecture by a Chinese whale about 3 and 4-digit ENS domain name NFTs. Ethereum Name Service allows people to associate their crypto identity with a human-readable address. Its recent sale of 3 and 4-digit domain names came with a lot of hype. The lecture discusses the history of domain NFTs, Bored Apes, why these NFTs are popular, and what everyone is trying to accomplish.

A 28 Year Old’s A9 Lecture on ENS Domains (24 minute read)

This article is a translation of a lecture by a Chinese whale about 3 and 4-digit ENS domain name NFTs. Ethereum Name Service allows people to associate their crypto identity with a human-readable address. Its recent sale of 3 and 4-digit domain names came with a lot of hype. The lecture discusses the history of domain NFTs, Bored Apes, why these NFTs are popular, and what everyone is trying to accomplish.

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