Star Project Weekly | Wormhole was stolen 120,000 WETH; Silvergate confirmed that it has acquired Diem (1.31-2.6)
During the week from January 31st to February 6th, the events worthy of attention in the progress of star projects are as follows:Neon EVM will be released on the Solana mainnet soon；Solana's ecological encryption wallet Phantom received US$109 million in equity financing；Silvergate Confirms It Has Acquired Diem, a Stablecoin Project from Meta (formerly Facebook)；Sushiswap releases 2022 roadmap: launch of leveraged lending function；BAYC parent company Yuga Labs is negotiating with a16z on financing；NFT Market Platform X2Y2 Releases Beta Version；Cross-chain protocol Wormhole was attacked and 120,000 wETH were stolen。
Bottom layer - public chain
Bottom layer - public chain
Neon EVM will be released on the Solana mainnet soon
News Neon Labs recently issued a document stating that Neon EVM will be released on the Solana mainnet soon. Neon EVM is an EVM compatibility solution for the Solana blockchain. The tool allows Ethereum-like transactions to be processed on Solana so that Ethereum DApp developers can leverage their knowledge of Solidity, development tools, and existing code bases to build on Solana. The platform will also provide an environment for existing Ethereum projects to port their DApps to Solana without requiring code or configuration changes.
According to its roadmap, Neon EVM will be released on the mainnet in stages, namely Pre-Alpha stage, Mainnet Alpha (licensed release), Mainnet Beta and Mainnet Gamma.
Riptide Opens Solana's Fifth Hackathon With $5M in Prizes and Seed Funding
According to official news, Solana Ventures announced the launch of Riptide, a global hackathon competition, with prize money and seed funding of up to $5 million. This hackathon is the fifth and will be held from February 2nd to March 17th, 2022. Anyone interested in developing projects on the Solana blockchain can register to participate. The Riptide Hackathon will focus on encouraging new projects in the fields of Payments, DeFi, Web3, Gaming and DAOs. Builders of this hackathon will have access to talks, workshops, resources, and support from the larger Solana community.
IOHK confirms increase of Cardano block size from 72 KB to 80 KB on February 4th
Cardano co-founder Charles Hoskinson outlined the Basho upgrade in a video blog earlier this year, and the upgrade is now steadily underway. One of the announced changes is an increase in the block size from 72 KB to 80 KB, which is expected to take effect on February 4, 2022. IOHK announced the news on Twitter this week, saying it would be making in-memory improvements to Plutus, Cardano’s smart contract scripting language. (BeInCrypto)
Litecoin Pivotal MWEB Upgrade Released
David Burkett, lead developer of Litecoin's Mimblewimble Extension Block (MWEB), confirmed that it took years of development, testing, review and auditing, and the help of dozens of key contributors. MWEB will be included as part of the Litecoin Core 0.21.2 release candidate, which also includes a Taproot upgrade that enhances security and privacy. Prior to this release, a review/audit of the MWEB code was completed by security and code audit firm Quarkslab.
EOS co-founder Daniel Larimer (BM) team Fractally (formerly Clarion OS) released the first candidate version of the EOS Mandel 3.0 hard fork to replace EOSIO. In the next step, the EOS community will deploy Mandel 3.0 to the test network, and the test will be completed in about a month. The release is said to be built on top of the EOSIO 2.0 codebase and draws the best features from EOSIO 2.1. Once the Mandel hard fork is deployed, the running speed of smart contracts deployed on this version will be significantly improved.
Circle Launches Flow USDC on the Flow Network
Circle officially issued a document stating that it has launched USDC on the Flow network, allowing users to directly mint and exchange USDC on Flow, making network users easier to access and a larger liquidity pool, thus expanding the support for USDC throughout the Flow network network support. Meanwhile, developers can use Circle's suite of developer APIs. Dapper Labs co-founder Mik Naayem said the move is a "bet" on the next wave of growth. It is understood that in addition to Flow, Circle has launched USDC on Ethereum, Algorand, Solana, Stellar, TRON, Hedera and Avalanche networks.
Hedera launches EVM-compatible smart contract 2.0 service
infrastructure components
infrastructure components
ConsenSys acquires open source encryption wallet MyCrypto and plans to merge with MetaMask
Ethereum infrastructure developer ConsenSys announced the acquisition of the open source encryption wallet MyCrypto, which is expected to be merged with its Ethereum wallet MetaMask to improve transaction security and usability. The specific amount of the acquisition has not been publicly disclosed.
According to official news, Dune Analytics, a blockchain data analysis company headquartered in Oslo, Norway, announced the completion of Series B financing of US$69,420,000, with a valuation of US$1 billion, making it one of the unicorns. The lead investor of this round of financing is Coatue, and the participating investors include Multicoin Capital, Dragonfly Capital and other institutions that have previously participated in investing in the company.
On January 31, Phantom, Solana’s ecological encryption wallet, raised $109 million in Series B financing, with a current valuation of $1.2 billion. Paradigm led the round, and Andreessen Horowitz (a16z), Variant Fund, Jump Capital, DeFi Alliance and Solana Ventures Existing investors, including , also participated in this round of financing.
According to official news, Dune Analytics, a blockchain data analysis company headquartered in Oslo, Norway, announced the completion of Series B financing of US$69,420,000, with a valuation of US$1 billion, making it one of the unicorns. The lead investor of this round of financing is Coatue, and the participating investors include Multicoin Capital, Dragonfly Capital and other institutions that have previously participated in investing in the company.
Privacy infrastructure Nym releases an introduction to the native Token NYM
The privacy infrastructure Nym released the introduction of the original Token NYM. According to the video introduction, NYM is a practical Token that can give the holder access to the Nym hybrid network. The hybrid network can encrypt user data and hide metadata, making communication concealed for protection. privacy. Holders can also operate a node or entrust Token to a node and earn income from it.
Movr Network, a cross-chain communication protocol, announced to change its name to Socket
According to official news, the cross-chain communication protocol Movr Network announced that it will be renamed Socket, with the goal of unifying the multi-chain ecosystem by connecting all chains and realizing seamless asset and data transmission between them.
According to reports, Socket enables developers to build unified applications with shared liquidity and state across chains. It acts as a meta-layer, providing protocols with seamless connectivity across chains through a single integration.
Cross-chain communication infrastructure project Router Protocol has launched the mainnet
Application layer - DeFi
Application layer - DeFi
Silvergate Confirms It Has Acquired Diem, a Stablecoin Project from Meta (formerly Facebook)
Encryption infrastructure provider Silvergate announced that it has acquired the technology and other assets of Meta (former Facebook) stable currency project Diem (formerly Libra) to enhance its existing stable currency infrastructure. Under the terms, Silvergate will manage the reserves and self-issue a “regulated and highly scalable” U.S. dollar stablecoin, which it plans to launch by the end of the year.
Solana Labs announced the launch of the Solana Pay payment protocol, which enables merchants to accept encrypted payments directly from consumers. It currently supports the stable currency USDC, Solana's native token SOL, and other Solana-based tokens. Transactions will be instant and merchants will receive payments in "real time," SolanaLabs said.
Solana Labs partnered with Circle, Checkout.com, and payment processor Citcon to develop Solana Pay, which integrates with digital wallets from Phantom, FTX, and Slope. In addition, Solana Labs is also working with Shopify to allow its platform merchants to accept encrypted payments through Solana Pay, but the relevant integration has not yet taken effect.
Aave has backed FEI as a new collateral asset
According to official news, the algorithmic stable currency Fei Protocol project Token FEI can be used as the collateral asset of the DeFi lending agreement Aave.
According to previous news, on September 20 last year, Fei Protocol was added to Aave, and users can use the 20 tokens supported on Aave as collateral to lend FEI.
Sushiswap releases 2022 roadmap: launch of leveraged lending function
On February 2, Sushiswap released its roadmap for 2022, launching four major functions. First, the team will develop an order book interface to integrate with the AMM. Second, launch the Kashi function, allowing users to carry out margin leveraged lending. Third, launch a permissionless reward pool to encourage external projects to provide rewards on the Sushiswap liquidity pool. Fourth, launch the Inari function, allowing users to copy some complex trading strategies.
According to official news, YFI founder Andre Cronje (AC) announced the function update and launch date of the new project Solidly (formerly ve(3,3)).
Function update: add online fee, spend 0.5% of the circulating supply to add a gauge, and the fee is distributed to veNFT holders; add a negative vote, vote to reduce the release of gauges; add a new foreign exchange transaction curve, that is, low slip pip forex trading pairs.
Target launch date: veNFT will be distributed on February 10, 2022; release will begin on February 17.
According to official news, AMM Starkswap built on StarkNet based on public ZK-Rollup announced that it will be launched on the StarkNet planetary alpha test network in the first quarter of 2022.
Oracle UMA has been deployed on Optimistic
Application layer-NFT
Application layer-NFT
According to the British "Financial Times" report, people familiar with the matter revealed that Yuga Labs, the parent company of BAYC, is negotiating with a16z on financing. Yuga Labs is said to be seeking to sell a multimillion-dollar stake in the new funding round, but the terms could change and the talks don't necessarily lead to a deal. Insiders with knowledge of the talks also said that Yuga Labs may issue a cryptocurrency to investors and existing holders of the Bored Ape Yacht Club NFT.
Yuga Labs did not respond to repeated requests for comment from the FT, and a16z declined to comment.
The founder of BAYC disclosed that he has 6 "boring apes" in total, and the Yuga Labs entity owns 7
On February 1, the anonymous founder of "Boring Ape" (BAYC) revealed in an interview that the four co-founders of the project have a total of 6 "Boring Apes", and the Yuga Labs entity has 7 "Boring Apes" and 10 "Mutant Ape", currently the entity has never sold a single "Boring Ape" or "Mutant Ape" other than minted NFTs from the primary market.
BuzzFeed News reveals the real identity of the two founders of BAYC
BuzzFeed News revealed the true identities of the two founders of the Bored Ape Yacht Club (BAYC), "Gargamel" and "Gordon Goner": 32-year-old writer and editor Greg Solano and 35-year-old Wylie Aronow. Greg Solano studied at the University of Virginia, worked as an editor and book reviewer on several literary websites, and co-authored a book about World of Warcraft with a game designer. Wylie Aronow bought the domain name bitmex.guru in 2018, which caused a dispute with Bitmex.
The real identities of the other two co-founders of BAYC, "Emperor Tomato Ketchup" and "No Sass", are still unknown. (BuzzFeed News)
Cool Pets are now open to Cool Cats holders
The Cool Cats game NFT "Cool Pets" has opened Claims to Cool Cats holders, and Cool Cats holders can apply for Cool Pets Egg on the official website at any time.
PhantaBear NFT holders will be eligible for the whitelist of DJ Steve Aoki's new project
News Ezek tweeted that he has reached a cooperation with DJ Steve Aoki and will launch the "GOT BEAR GOT WHITELIST" event. Phanta Bear NFT holders will directly get the whitelist of Steve Aoki's new project (no lottery is required, you can get the whitelist if you hold the bear), and the details of the event will be announced in the near future.
NFT Market Platform X2Y2 Releases Beta Version
The NFT market platform X2Y2 announced the release of the Beta version on Ethereum. The testing phase allows users to trade NFTs with zero transaction fees and zero royalties. The currently available functions for testing include fixed price sales, quotations, and series quotations. New functions will be added continuously in the future. Including auctions, bulk listings, bulk purchases, etc.
NFT marketplace Mintable launched a "vampire attack" on OpenSea
On February 2, Mintable, an NFT marketplace backed by NBA Dallas Mavericks owner Mark Cuban (Mark Cuban), is launching a "vampire attack" on OpenSea by selling NFT at a loss (providing rewards or incentives to specific platform users to convert strategies to attract them to other platforms).
Mintable once sold 9 Mutant Ape Yacht Club NFTs at a price of 1 to 2 ETH below the floor price at the end of January. The platform stated that it intends to repeat this strategy to weaken OpenSea's market position.
"Hello Kitty" will launch NFT to enter the metaverse
On January 31, according to Sanrio CEO Tomokuni Tsuji, the company's well-known brand "Hello Kitty" will enter the metaverse and NFT fields. Tsuji Pengbang said that the image of Hello Kitty has penetrated the offline and virtual worlds, and is currently seeking to establish partnerships with Amazon, Netflix and other technology giants and launch NFT.
Tsuji Pengbang revealed that Sanrio is currently building a team, which is expected to be established in April. The goal is to create global characters and step into the metaverse and NFT, and eventually compete with Disney’s Mickey Mouse, Princess Elsa and other brands. (FT)
The trendy brand BAPE announced that it will launch the "(B)APETAVERSE" series of NFT
On January 31, the fashion brand BAPE officially posted on social media announcing that it will launch the "(B)APETAVERSE" series of NFTs, and released related previews. It is reported that this series of NFTs consists of 10,000 unique images of BAPE's classic ape-themed artwork.
North America's top music festival, Coachella, announced a partnership with FTX to issue Coachella-themed series NFTs on Solana, and holders will enjoy membership benefits.
It is reported that this series of NFTs includes Coachella Keys Collection (10 pieces in total, holders will receive Coachella lifelong access rights and other VIP treatment), Desert Reflections Collection (1,000 pieces in total, priced at $180, buyers can exchange for a Coachella physical Commemorative Edition Photo Collection), and the Sights and Sounds Collection ($60 for 10,000 pieces, including Coachella-related musical accompaniment).
Japanese trend artist Takashi Murakami will release a new NFT series in February
Application Layer - Game
Application Layer - Game
GameStop and Immutable X launch $100 million joint fund to invest in NFT game projects
GameStop and Immutable X are partnering to launch a $100 million joint fund to invest in NFT game projects, according to a statement released Thursday.
Robbie Ferguson, co-founder of Immutable X, a layer-2 scaling platform built on Ethereum, said the two parties will also cooperate to provide support for GameStop's upcoming blockchain-based NFT marketplace.
STEPN announced that it has passed the audit and officially landed in the Apple iOS store
According to official news, the Move to Earn game STEPN announced that it has passed the review and officially landed on the Apple iOS store.
security incident
security incident
On February 3, the cross-chain protocol Wormhole was hacked, and the loss amounted to 120,000 wETH (about 320 million US dollars). The hack occurred at 6:24 PM UTC on February 2. The attacker minted 120,000 wETH (WETH) on Solana, and then exchanged 93,750 wETH for $254 million at 6:28 PM UTC. ETH to the Ethereum network.
After the incident, Wormhole followed up the attack on Twitter saying that all funds have been recovered and the Wormhole protocol has been re-run.
Pie Shield: The Meter cross-chain bridge was hacked and lost about $4.3 million
PeckShield tweeted that the Meter.io cross-chain bridge was hacked and lost about $4.3 million (including 1391.24945169 ETH and 2.74068396 BTC). The hacker's extension to the original (unaffected) cross-chain bridge introduced fake deposits.
Meter.io officially stated that Meter Passport has the function of automatically packing and unpacking Gas tokens (such as ETH and BNB) for the convenience of users. However, the contract does not prevent the wrapped ERC20 token from interacting directly with the native Gas token, nor does it properly transfer and verify the correct amount of WETH transferred from the caller's address. Officials are working hard to provide compensation funds to all affected users.
On February 1, a large Twitter account named larrylawliet.eth (also the ENS registered domain name of its holding wallet) tweeted that several Bored Ape Yacht Club, Mutant Ape (Mutant Ape Yacht Club), Doodles NFTs were accidentally stolen, including 4 pieces of BAYC (#1606, #9138, #4250, #7985), 5 pieces of MAYC (#25971, #25970, #8464, #3770, #2499) and Doodles #6910.
According to the real-time floor prices of BAYC 118.68 ETH, MAYC 25.2 ETH, and Doodles 16.28 ETH, the total value of these stolen NFTs is about 617 ETH. However, considering that there are more rare models in these NFTs, such as lasers like BAYC #1606 Eye monkey, the total value of these NFTs is actually far more than that number.
The Heart Project Official Discord Hacked
On February 2, the official Discord server of the NFT project The Heart Project was hacked. Scammers deleted most of The Heart Project's Discord channels and posted scam links. It is reported that some users clicked on the fraudulent links and claimed to lose assets. The Heart Project says it will reimburse users for lost Ethereum. Officials are working hard to get Discord back up and running, and remind users not to click on any unknown links. It is recommended to disconnect the wallet from all websites it may be currently connected to.
