Markets & Business
FTX Ventures bets on Web3 social media with investment in Aave’s Lens Protocol (2 minute read)
FTX Ventures recently invested in Lens Protocol, a social networking platform on Polygon that lets users create NFT profiles and own their data. A spokesperson confirmed that FTX was raising funding for the protocol, but they could not confirm the size or timing of the round's close. Several venture capital funds have invested in web3 social media this year, but it is yet to be seen whether the technology will gain widespread adoption.
Innovation & Launches
Fidelity to open commission-free crypto trading to retail investors (1 minute read)
Fidelity, one of the largest brokerages in the world, is launching a commission-free crypto trading product for retail investors. An early-access waitlist is now available. Fidelity Crypto will allow investors to buy and sell bitcoin and ether. It will provide custodial services to users, who will be required to maintain a $1 account minimum. The platform will factor a 1% spread into every trade execution price.
Crypto Exchange Kraken Launches 'Gasless' NFT Marketplace (2 minute read)
Kraken has launched a beta version of Kraken NFT. The marketplace offers gasless transactions and an intuitive design. It is currently only open to some customers on the waitlist. Kraken NFT features an NFT aggregator that allows users to view and purchase NFTs listed on other marketplaces. Users can use over 200 cryptocurrencies and eight fiat currencies to buy NFTs. The marketplace will collect royalties on creators' behalf and distribute them once a collection's creator has been verified.
Guides & Resources
Decentralizing Brand Partnerships (8 minute read)
Friends With Benefits DAO has partnered with Hennessy to launch Café 11. Café 11 is a reimagining of the cafe society of 1920s Paris. It involves a series of blockchain-enabled events at cultural fairs around the world. This article discusses FWB's decentralized partnership strategy to show how DAOs and companies can gain through partnerships. It aims to inspire more crypto-curious brands to directly support cultural production.
lens-use (GitHub Repo)
This repository contains React hooks for Lens Protocol. The hooks allow developers to authenticate against the Lens API, query the Lens API, write to Lens using the dispatcher or broadcaster, and perform various contract operations. It uses the currently known Polygon Mainnet Hub Proxy address by default.
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