During the week from February 21st to February 27th, the events worthy of attention in the progress of star projects include:Cosmos development team Tendermint announces name change to Ignite；Polkadot has determined the slot auction time in the next 12 months；zkSync announced that the zkEVM testnet has been launched；OpenSea completed the smart contract upgrade, and the website has returned to normal；OpenSea completed the smart contract upgrade, and the website has returned to normal；The NFT market Mintable repurchases some stolen NFTs from OpenSea, claiming that they will return them to their original owners；Azuki announced the detailed plan of Fragmentation Azuki #40, which will be launched on Fractional.art on March 6。
Bottom layer - public chain
Bottom layer - public chain
Cosmos development team Tendermint announces name change to Ignite
Cosmos development team Tendermint has announced a rebrand to Ignite. Tendermint was founded by its founder and former CEO Jae Kwon in 2014, but Jae Kwon's relationship with the project deteriorated and he left in early 2020 before launching a new project, Virgo. It is reported that Kwon is taking back the ownership of the Tendermint brand to start a new project.
According to Peng Zhong, Tendermint’s current CEO, Kwon did plan to launch a new initiative under the Tendermint name, so Tendermint was looking for a new identity. Kwon confirmed that a new platform will be launched, but did not provide any other details. (The Block)
Polkadot has determined the slot auction time in the next 12 months
Luna Completes $1 Billion Funding Led by Jump Crypto and Three Arrows Capital
Luna Completes $1 Billion Funding Led by Jump Crypto and Three Arrows Capital
It is reported that the funds raised will be used to establish a Bitcoin-denominated foreign exchange reserve for Terra Stablecoin UST. LFG said the reserve created through the $1 billion capital injection will effectively serve as a redemption mechanism for UST, ensuring that the stablecoin’s price remains pegged to the U.S. dollar during a sharp sell-off in the crypto market. (The Block)
It is reported that the funds raised will be used to establish a Bitcoin-denominated foreign exchange reserve for Terra Stablecoin UST. LFG said the reserve created through the $1 billion capital injection will effectively serve as a redemption mechanism for UST, ensuring that the stablecoin’s price remains pegged to the U.S. dollar during a sharp sell-off in the crypto market. (The Block)
Motion 438 setting the timetable for the 2022 Kusama parachain auction passed and executed
Bill Laboon, director of technical education at the Web3 Foundation, tweeted that the new Kusama parachain auction has begun. Currently there is only one party, Pichiu (and the project is leading). With the start of the new lease period, there are five parachains connected to Kusama: SORA, Integritee, Darwinia Crab, Litmus, and KICO.
Additionally, Motion 438 setting the Kusama parachain auction schedule for the remainder of 2022 has been passed and executed.
The candle period for the 10th parachain slot auction on the Polkadot network is over, according to official news. Since Interlay was in the leading position throughout the candle period, after the end of the "rolling the dice", Interlay won Polkadot's 10th parachain slot auction with 2,751,900 DOT locked at 23:35 on February 24.
Regarding the arrangement of Polkadot's next batch of slot auctions, Joe, the technical integration director of the Web3 Foundation, initiated a proposal to discuss with the community. The proposal has been passed and implemented. In each LP, there are 7 auctions in each LP, that is, a new auction starts every 172,800 blocks (12 days), and there are 73,800 blocks (about 5 days and 3 hours) between the two auctions. The top two winners in a batch can immediately join the Polkadot network, and the next five winners will be connected to the Polkadot relay chain in the next LP.
According to official news, Kava is about to launch the Alpha internal test version of the Ethereum co-chain, and establish Kava Network with its unique Ethereum and Cosmos co-chain architecture.
In order to stimulate the potential of Kava Network and attract hundreds of the most innovative developers from the two ecosystems, Kava plans to expand the developer incentive program and build the most transparent and fair on-chain incentives in the Layer-1 field plan.
Astar Network launches Astar Incubation Program, supported by Alameda Research and others
According to official news, the Polkadot parachain Astar Network announced the launch of the Astar Incubation Program (incubation program), including Alameda Research, Fenbushi Capital, DFG, LongHash Ventures, gumi Crypto Capital, TRGC and Next Web Capital, which are well-known in the blockchain field. Venture capital institutions have joined the program as partners to support incubation projects.
The first phase of the Astar Incubation Program will cultivate potential and promising entrepreneurs and projects in emerging fields, including DeFi, NFT, GameFi, and accelerate the adoption of the network.
Conflux ushered in a major upgrade, will introduce EVM compatible space and PoS chain
In this upgrade, Conflux will introduce EVM compatibility space and an independent PoS chain, and open the PoS pledge mechanism.
In this upgrade, Conflux will introduce EVM compatibility space and an independent PoS chain, and open the PoS pledge mechanism.
Nervos announced the roadmap for 2022, and will perform two mainnet upgrades this year
According to official news, Nervos announced the 2022 roadmap, which will make important updates in Layer 1, Layer 2, interoperability, research, etc. Nervos has started to develop the first major update of the CKB protocol in 21, and it will be released on the mainnet in early 22. This update will lay the foundation for the Flyclient protocol and the CKB light client. The second major upgrade is expected to be released on the mainnet in Q4 of 2022, mainly for the RISC-V V-extension (RVV) of CKB-VM.
Bottom-Layer2
Bottom-Layer2
zkSync announced that the zkEVM testnet has been launched
The Layer 2 network zkSync announced that the zkSync 2.0 public testnet is online. zkEVM has been released, the first EVM-compatible ZK Rollup on the Ethereum testnet. zkSync 2.0 supports the following features: native support for ECDSA signatures; support for Solidity 0.8.x; Web3 API; support for Ethereum cryptographic primitives; Hardhat plugins; L1 → L2 smart contract messaging.
It is reported that Connext, ZigZag, Orbiter, Composable, Hop Exchange, LayerZero, PolyNetwork, deBridge, Nomad will allow fast and low-cost transfer of tokens between zkSync 2.0 and other L1 and L2 protocols.
Users will be able to sign transactions and manage assets using most Ethereum wallets on zkSync 2.0, including Metamask, Argent, Numbio, MyKey, imToken.
StarkWare Launches L2 Product StarkNet on Ethereum
Ethereum Layer 2 developer StarkWare launched the L2 product StarkNet on Ethereum. StarkWare’s Ethereum L2 product, StarkNet, is ready to deploy DApps, the company said.
StarkWare said that by the end of 2022, StarkNet's transactions per second are expected to be an order of magnitude higher than Ethereum, while the cost is at least two orders of magnitude lower.
Polygon announces Finity, a UI/UX solution for Web3 projects
Ethereum scaling solution Polygon announced the launch of Finity, a UI/UX solution for Web3 projects, allowing teams to quickly prototype, release and scale their products without compromising aesthetics and usability. Finity offers assets, elements, and templates focused on 3D design.
Developers can use Finity to easily customize styles and symbols, add their own elements and scale designs, combine symbols to create multiple UI elements.
The NFT trading platform based on Immutable X will be able to customize the transaction rate
NFT Layer2 solution Immutable X announced an update: the NFT trading platform built on Immutable X can customize the transaction rate. This update will change the problem of the homogenization of transaction fee rates on NFT trading platforms on Immutable X. At present, many trading platforms have begun to deploy custom fee rates.
Loopring L2 will launch NFT casting function
Nansen, a blockchain analysis company, tweeted that Nansen has marked more than 100 million wallets, of which only 4550 (accounting for about 0.0046%) belong to Smart Money, that is, the first to discover opportunities and obtain the greatest profit in the field of DeFi and NFT the top-level address of . Nansen users can view the positions and fund changes of Smart Money addresses.
infrastructure components
Nansen has flagged over 100 million wallet addresses, 4550 of which belong to Smart Money addresses
Nansen, a blockchain analysis company, tweeted that Nansen has marked more than 100 million wallets, of which only 4550 (accounting for about 0.0046%) belong to Smart Money, that is, the first to discover opportunities and obtain the greatest profit in the field of DeFi and NFT the top-level address of . Nansen users can view the positions and fund changes of Smart Money addresses.
Helium to upgrade infrastructure to improve network performance
Decentralized wireless network operator Helium has announced a major infrastructure upgrade, Light Hotspots. Once the upgrade is complete, the Helium network will expand coverage faster, without synchronization, and significantly improve the reliability of applications and devices running on the network.
The Graph will launch NFT-based subgraph ownership transfer function
According to The Graph's official news, the decentralized index protocol will launch the NFT-based sub-graph ownership transfer function. Previously, the GNS contract allowed anyone to publish a subgraph with associated metadata and target subgraph deployments, and then the new subgraph would be forever tied to the account that created it, but this model would cause some use cases to be very inconvenient (such as controlling transfer of rights to multisig or to community members who create subgraphs on behalf of the DAO). In order to deal with such problems, the GIP-0018 governance proposal proposes a solution, namely: GNS will generate an NFT every time an application developer publishes a new subgraph, and the person who owns the NFT controls the subgraph, and the NFT is based on ERC-721 Standard so it can be easily transferred to a different account.
Web3 Social Platform Lens Protocol Launches Beta Version of New Features
Application layer - DeFi
Application layer - DeFi
Yearn Finance announced that it has launched the Ethereum scaling solution Arbitrum
Yearn Finance announced that the previously merged protocols will operate independently
Yearn Finance announced that the previously merged protocols will operate independently
Therefore, going forward each protocol will operate independently while maintaining a partnership with Yearn and each other. In addition, Iron Bank will also operate as an independent project with its own communication channels and front-end, while continuing to serve as a liquidity partner for Yearn Vaults.
Therefore, going forward each protocol will operate independently while maintaining a partnership with Yearn and each other. In addition, Iron Bank will also operate as an independent project with its own communication channels and front-end, while continuing to serve as a liquidity partner for Yearn Vaults.
Newt, the experimental department of Aave, launches the first time tokenization project Aika
Newt, the experimental department of Aave, launched the first time tokenization project Aika. Using Aika, time can be minted and sold on Polygon as an NFT, recording events and work on the blockchain. For guilds, DAOs, and other crypto-native organizations, Aika provides a standardized way to get paid for services. In addition, Aika can also be used for restaurant reservations, personal meetings, and car sharing.
The Polkadot ecological project Acala will start staking on March 3
According to official news, Polkadot's ecological project DeFi smart contract platform Acala revealed in today's YouTube live broadcast that the ACA Staking function will be launched next Thursday (March 3), and the rewards for Staking come from the asset surplus in the Acala Treasury. repo.
Aptos said in a blog post that it was trying to revive the project after Meta confirmed the sale of Diem-related assets. The team is raising $200 million at a $2 billion valuation to make it happen, according to two sources who spoke on condition of anonymity.
OpenSea tweeted that its smart contract upgrade has been completed, and the website has resumed normal operation. All unmigrated pending orders on the old contract (before February 18) have now expired, and users can re-list for free.
Application layer-NFT
OpenSea completed the smart contract upgrade, and the website has returned to normal
OpenSea tweeted that its smart contract upgrade has been completed, and the website has resumed normal operation. All unmigrated pending orders on the old contract (before February 18) have now expired, and users can re-list for free.
The NFT market Mintable announced that it has repurchased Azuki #1178, #4176, and #1180 previously stolen on OpenSea at a price of 13.35 ETH each, and said it will be returned to the holders before the theft. Zach Burks, founder and CEO of Mintable, said that a bug on OpenSea led to the theft, and if OpenSea can't correct it, someone will come forward.
Magic Eden, the NFT market on the Solana chain, will airdrop NFT to active wallets
Magic Eden, the NFT market on the Solana chain, announced that it will airdrop the first batch of 4,000 NFTs to the most active wallets that have bound mailboxes or Discord.
Japanese e-commerce platform Rakuten officially launched the NFT market "Rakuten NFT"
According to official news, the NFT market "Rakuten NFT" under the Japanese e-commerce platform Rakuten has officially launched. Rakuten NFT will provide NFT sales and P2P transactions based on sports, anime, idols, games and music content, and also support artists to issue and sell NFT. Users can access the NFT marketplace through their Rakuten account and accept payments in Japanese yen and credit cards.
Rakuten NFT plans to launch a peer-to-peer service for publishing and selling NFT content in or after 2023, which will support intellectual property holders in Japan and around the world to issue NFT and promote the further development of the NFT global market. In addition, it plans to introduce multiple an additional payment method.
Sotheby's cancels auction of 104 CryptoPunks due to seller's remorse
The seller 0x650d, who previously announced that he would cooperate with Sotheby’s to auction 104 CryptoPunks on February 23, regretted before the auction started, posting "Sorry, I decided to HODL", which led to the cancellation of the auction.
According to previous reports, according to the official announcement of Sotheby's auction house, Sotheby's will auction 104 Cryptopunks on February 23. According to the current price, the NFT price of this auction is expected to be between 20-30 million US dollars. According to the disclosure of the announcement, these Punk NFTs were purchased by an anonymous collector 0x650d in August 2021, and Sotheby's allows successful bidders to pay in cash or cryptocurrency.
Metaverse platform Cryptovoxels releases roadmap for 2022, with a land cap of 70,000
Metaverse platform Cryptovoxels released its roadmap for 2022, and set the upper limit of the previously set unlimited land issuance to 70,000. According to the roadmap, Cryptovoxels plans to launch the Origin City land repurchase program and launch an official trading and leasing platform by the end of 2022.
Elon Musk may purchase BAYC#1837 at a price of 569 ETH through MoonPay
Bored Ape Yacht Club#1837 was sold at a price of 569ETH (approximately US$1.49 million).
Since then, Deepak.eth, the seller of BAYC#1837 and a well-known crypto collector, tweeted that BAYC#1837 was purchased by Elon Musk through MoonPay's NFT purchasing service.
Man sues for loss of BAYC #3475 due to OpenSea front-end order bug
A Texas man who unknowingly sold his BAYC NFT for 0.01 ETH (equivalent to around $26) is suing OpenSea, claiming the platform knew about a bug that allowed hackers to Buy NFTs at prices well below market prices.
In a complaint filed in Texas federal court, Timothy McKimmy claims he is the rightful owner of "BAYC #3475." He claimed that he did not sell the NFT listing, and that his BAYC #3475 was actually "stolen"-the "buyer" immediately resold it at a price of 99 ETH (worth $250,000).
According to McKimmy, this BAYC NFT ranks in the top 14% in terms of rarity, much rarer than the BAYC NFT that Justin Bieber recently purchased for $1.3 million. He is seeking "recovery of this NFT, or damages in excess of $1 million."
One lucky winner won BAYC#9044 for $38
One lucky winner won BAYC #9044 by betting $38.01 on the NFT platform Rollbit to participate in its NFT gambling game NFT Lootboxes. Rollbit immediately purchased the NFT from OpenSea and delivered it to this lucky player within 1 minute.
According to the data, BAYC#9044 was purchased by NFT collector Mbabs seven months ago, and the purchase price of Rollbot was 102.69ETH, which is about 280,000 US dollars. The lucky player wishes to remain anonymous, but said he will hold the NFT and hope it will appreciate to $2 million. (Trustnode)
According to Azuki's official news, the fragmented NFT Azuki #40 (Bobu) will be listed on Fractional.art on March 6, with a total of 20,000 tokens and a price of 0.01 ETH.
Application Layer - Game
Application Layer - Game
FTX will launch the game department FTX Gaming, and recruitment has started this month
News FTX will launch its own game division, aiming to encourage more game publishers to adopt cryptocurrencies, blockchain networks and NFT.
Operating through FTX’s U.S. subsidiary, FTX Gaming will debut a “crypto-as-a-service” platform through which gaming companies can launch tokens backed by NFTs. The division started hiring an all-remote team this month, looking for software engineers with experience coding for the Unity game engine.
security incident
security incident
The NFT market OpenSea has another phishing email attack. The official tweet reminded, "It is found that some users have received emails from openseateam.io. This is not the official email address of OpenSea. Please do not click on such emails."
Pie Shield: Rug Pull occurred on Raptor2 and lost 855 BNB
PeckShield has detected a Rug Pull on Raptor2, address 0xdaa5e5692f24b0284cbd9fb6fbe2ddc78bf4d34a has sold Raptor2 and deposited 855 BNB into Tornado.cash, an Ethereum privacy trading platform.
The blockchain security company PeckShield tweeted that the developer of the Web3Memes (W3M) token based on BNB Chian (formerly BSC) siphoned nearly 625 BNB from the token’s liquidity pool and transferred it to TornadoCash. At the time of writing, that amount is worth $235,000. Blockchain data shows that the token was created earlier today and listed on BSC-based PancakeSwap shortly thereafter. In the hours that followed, more than 1,800 transactions appeared on W3M, with more than 1,000 holders. However, an anonymous developer withdrew liquidity from W3M about 5 hours after its release. The price of W3M dropped nearly 100% from a high of $0.000000204 to below $0.00000000277. (Coindesk)
