Markets & Business
NFT Startups Could Have a Hard Time With Apple's App Store Policies (3 minute read)
Apple wants to impose its usual 30% commission for all NFTs sold through apps on iOS. NFTs must be sold through in-app purchases, even when apps are only facilitating the trade. All transactions must be made in fiat as Apple does not want to transact using cryptocurrencies. Some platforms have withdrawn their services from the App Store after learning about the policy.
The first Nounlet just sold for 4.2 ETH (2 minute read)
Nounlet is a new collection out of the fractionalized NFT platform Tessera. The project lowers the cost barrier for a Noun-focused NFT while still letting holders participate in Nouns DAO voting. Each Nounlet represents 1% of the Noun 315 NFT, which was minted in May for 73 ETH. A Nounlet will be auctioned every four hours until all Nounlets have been bought. Nounlet owners will be able to vote through delegates on Noun governance proposals.
Innovation & Launches
CultivatorDAO (1 minute read)
CultivatorDAO is a web3 social DAO designed for decentralized content moderation on the Lens Protocol. The DAO is a solution for addressing spam, bots, and other risks that can damage a social graph. It can be activated by developers or users. CultivatorDAO is forkable, so anyone can create their own version that caters to their specific needs for content moderation.
ERC-20R/721R (3 minute read)
ERC-20R/721R is a proposal for a new token type that allows transaction reversals if approved by a decentralized quorum of judges. Victims of theft can request for funds to be frozen. Judges decide if funds should be frozen based on preliminary evidence, then they vote to revert or unfreeze the funds after reviewing more evidence. The proposal is currently being discussed and the developers are open to improvements, disagreements, and alternatives.
Guides & Resources
This is your ultimate guide to Cosmos and ATOM 2.0 (10 minute read)
Cosmos is an ecosystem of interconnected application-specific blockchains. Every application in the Cosmos ecosystem operates its own specific chain to limit congestion and enable seamless scaling. The Inter-Blockchain Communication protocol allows these blockchains to share information and operate seamlessly together. ATOM is the Cosmos Network's native token. It can be staked for around 19.94% APR. ATOM 2.0 is set to be released today.
Aave: The Crypto Conglomerate (21 minute read)
Aave is the de-facto leader in decentralized lending. The protocol, which is powered by its community, is on track to produce $16.8 million in annualized revenue. Aave has continued to add new assets, ecosystems, and product lines since its founding in 2017. This article looks at Aave's evolution, critical lessons about web3 entrepreneurship, the institutionalization of DeFi, and the power of an active community, and what the future holds for the lending protocol.
Crypto DAOs and Their Token Holders Aren’t Safe From the CFTC (4 minute read)
The Commodity Futures Trading Commission recently filed and settled charges against a company and its founders, saying that they illegally offered leveraged and margined retail commodity transactions in digital assets. It also filed a federal civil enforcement against the DAO the company converted into with violating the same laws, holding it liable as an unincorporated association. The action could mean that those who participate in DAO governance may be liable for violations of laws that the CFTC enforces.
Crypto Darling Helium Promised A ‘People’s Network.’ Instead, Its Executives Got Rich (15 minute read)
Helium employees, their friends and family, and early investors mined almost half of all Helium tokens mined within the first three months of the network's launch in 2019. Insiders had mined more than a quarter of all HNT within six months. Current participants in the network are barely receiving any rewards. This article looks at how the network started, its early token distribution, and the network and ecosystem's current issues.
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