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TLDR Crypto 2022-07-18

ETH Merge date Ξ, Bored Ape metaverse πŸ’, SBF on crypto use cases πŸͺ™

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Markets & Business

Vladimir Putin Bans Digital Payments in Russia (1 minute read)

Vladimir Putin signed a law banning digital payments in Russia on July 8. The use of digital and utility tokens as a means of payment for goods, services, and products is now banned. Russia's Ministry of Finance introduced a bill to parliament in February to regulate cryptocurrencies, but the Bank of Russia has been pushing for crypto activity to be banned. Russia has allegedly been using cryptocurrencies to evade sanctions this year following its invasion of Ukraine.

Ethereum’s Merge Projected for September According to 'Soft' Timeline (3 minute read)

Ethereum's Merge may take place on the week of September 19. The Merge will see Ethereum move from the energy-intensive Proof-of-Work consensus mechanism to a more efficient Proof-of-Stake system. It is not expected to reduce Ethereum's fees and slow transaction speeds, but it will have a significant impact on the network's energy use. While the announcement gave a rare hard date for the Merge, the timeline is still very likely to change.
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Innovation & Launches

Yuga Labs Opens Otherside for β€˜First Trips’ in Bored Ape Metaverse (3 minute read)

Yuga Labs invited 4,300 players to take a tour of its Otherside metaverse gaming platform on Saturday. Only Otherdeed owners and selected third-party developers are allowed to participate in the game during its first phase. Otherdeed owners will be able to contribute to the platform's construction and core capabilities using the Otherside Development Kit. Otherside aims to be interoperable with other platforms and contribute to an open metaverse in the future.

Now you can use your @auth0 login to generate a non-custodial #web3 private key using their official @Web3Auth marketplace integration! (2 minute read)

Auth0, the biggest name in authentication, is enabling all its applications to onboard their users to web3 with just a couple of lines of code. Users will be able to access any web3 app on any chain while using familiar login methods. This Twitter thread explains how the integration works and it links to a full guide for developers to learn how to use Web3Auth with Auth0 in React applications.
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Guides & Resources

Rocket Pool: the scaling thread (2 minute read)

Rocket Pool is a decentralized, permissionless, non-rent seeking, fully-Ethereum liquid staking protocol. It is introducing less ETH bonded minipools, Staking as a Service, and integrated solo staker migration to help the pool grow significantly and easily compete at scale with Lido. This Twitter thread explores the three scaling solutions in detail and explains how they work.

A thread about social graphs and how web3 brings a paradigm shift in how social networks will be built in the future (2 minute read)

A social graph is a representation of the interconnection of relationships in an online social network. Current social graphs do not allow users to port their followers to other platforms. web3 social graphs allow developers to share data, APIs, and backends, making web3 social graphs portable. This will create a paradigm shift in how social media apps work, bringing more value to both content creators and users.
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Miscellaneous

Some potential use-cases for crypto (4 minute read)

In this Twitter thread, Sam Bankman-Fried presents several use-cases for crypto. He covers payments, market structure, and social media. Crypto makes sending money cheaper, faster, and less risky. It can make trading stocks almost instant with fewer fees, creating a simpler, more equitable, and less risky market structure. Crypto can make social media more censorship-resistant and make different networks compatible.

A number of people have asked me how Coinbase wins in this environment, and turns it into an opportunity for growth (1 minute read)

Coinbase is well capitalized, trusted, easy-to-use, and it features an integrated product suite. Users can trade, stake, pay, borrow, create, and more on the platform without having to understand the technical details of the technology. Coinbase will stay focused on shipping trusted, easy-to-use, and fully integrated crypto products during the crypto market downturn.
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Quick Links

Tokenomics can make or break a crypto (3 minute read)

The top 6 tokenomics mistakes to avoid as an investor or founder.

Axie Infinity: Re-engineering its destiny in the GameFi landscape (6 minute read)

Axie is a form of extreme entrepreneurship where success and failure can happen almost overnight.

Dissecting the DAO: Web3 Ownership is Surprisingly Concentrated (4 minute read)

An analysis of 197 DAOs revealed that most DAOs are not actually very decentralized.

DeFi Primitives Are Best As Free Public Infrastructure (2 minute read)

Canto is launching its core DeFi primitives as public utility protocols to provide for its community.

Coinbase "temporarily shutting down" US affiliate marketing programme (2 minute read)

Coinbase will temporarily shut down its US affiliate-marketing program on July 19 as it is unable to continue supporting incentivized traffic to its platform.

Solana JavaScript Development β€” Use Solana API in Vanilla JavaScript (10 minute read)

This article explores Solana JavaScript development and how to use Moralis' Solana API in vanilla JavaScript.

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515 W 18th St. Unit 621
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