Star Project Weekly | Worldcoin is seeking $100 million in financing; Tessera announced that it will be out of service within a few weeks (5.8-5.14)
During the week from May 8th to May 14th, the developments worthy of attention are as follows:OpenAI CEO's Worldcoin is seeking $100 million in funding；Cosmos ecological smart contract platform Neutron has been launched on the main network；Arbitrum Community Launches Proposal to "Distribute Part of DAO Revenues to ARB Holders"；Starknet Sorter Madara Released Official Documentation；Lido has officially launched the V2 version upgrade voting；Solana Web3 Mobile Saga Public Sale；MakerDAO Launches Spark Protocol, a Lending Protocol；Blur Dao proposes to involve the community in deciding to list Blend's NFT projects；NFT fragmentation protocol Tessera announces it will end all operations in the next few weeks。
secondary title
Bottom-Layer 1
OpenAI CEO's Worldcoin is seeking $100 million in funding
According to three people familiar with the matter, Worldcoin, an encryption project founded by OpenAI CEO Sam Altman, is in advanced negotiations to raise about $100 million and is preparing to launch it in the next few weeks.
Talks involve existing investors as well as new investors, a person familiar with the matter said. Previous investors in the company include crypto funds from Khosla Ventures and Andreessen Horowitz, as well as FTX founder Sam Bankman-Fried and internet entrepreneur Reid Hoffman.
The project, which has been in beta testing, is now preparing to launch its blockchain protocol and start recording transactions within the next six weeks.
Founded in 2019 by Sam Altman and Alex Blania, Worldcoin plans to use eye-scanning technology to create a global identification system that can be used to spend its global currency, Worldcoin, for free. A $100 million token sale early last year valued the company’s total token supply at $3 billion, The Information reported. (Financial Times)
Sui Introduces Rewards Program for Active Contributors and Early Backers
Odaily News Sui development company Mysten Labs has launched the Sui Active Contributor and Early Supporter (ACES) reward program, the registration deadline is May 17, and the special edition SuiFrens Bull Shark character digital collection will be distributed to verified community members.
Users are eligible to receive NFTs if they join the Sui Discord server before May 3, 2023 (mainnet launch day).
NEAR Foundation Partners with Outlier Ventures to Launch NEAR Base Camp Accelerator Program
Odaily News The NEAR Foundation announced the launch of the NEAR Base Camp accelerator program in cooperation with the Web3 investment agency Outlier Ventures, which will provide selected projects with up to $100,000 in financial support and an additional $20,000 in service credits provided by NEAR Horizon.
It is reported that the NEAR Base Camp accelerator program will start in mid-July for a period of 12 weeks, and applications are currently open.
Cosmos ecological smart contract platform Neutron has been launched on the main network
Odaily news Cosmos ecology does not require permission The CosmWasm smart contract platform Neutron has been launched on the main network, becoming the first Cosmos blockchain launched using Replication Security.
Replication Security is a feature launched by Cosmos in March that allows other chains in the Cosmos ecosystem to abandon their validators and switch to the Cosmos Hub's validator set, thus having the full security of the Cosmos Hub.
Odaily News The Canto community of the Cosmos ecological public chain has voted to pass the proposal on "reducing liquidity mining incentives and block reward issuance rate", aiming to reduce the inflation rate of the overall supply.
It is reported that after the proposal takes effect, the mining incentives of each liquidity pool on Canto such as ETH/CANTO and ATOM/CANTO will be reduced by about 38% on average, and the number of CANTO released at the same time or per block will drop to 4.76 pieces, a decrease of 15% .
Chiliz announced that the Layer 1 public chain Chiliz Chain is officially launched on the mainnet
Odaily News Chiliz, a sports and entertainment blockchain solution, announced the official launch of the public main network of Chiliz Chain. Chiliz Chain is a Layer 1, EMV compliant PoSA blockchain. The first announced validators are Jump Crypto, Paribu and Meria (formerly Just Mining). CHZ tokens are used as the native tokens of the public chain.
Chiliz said it will drive innovation on the Chiliz Chain through its $50 million accelerator program, Chiliz Labs, as well as hosting a series of hackathons around the world.
A series of Web3 sports projects incubated by Chiliz Labs will be announced in the coming months. Projects will include metaverse-based sports, football and football manager games, a rewards and engagement driven community platform, a social gaming platform, an AI-based content platform, 3D quality digital sports collectibles and an NFT ticketing initiative.
Layer 1 network LUKSO mainnet will be launched on May 23
Odaily News LUKSO will go live on the mainnet on May 23. Currently, users can run client nodes and stake 32 LYX tokens to become validators. The initial supply of tokens will have three options of 35 million, 42 million and 100 million.
secondary title
Bottom layer-Layer 2
Arbitrum Community Launches Proposal to "Distribute Part of DAO Revenues to ARB Holders"
The Odaily news governance page shows that Arbitrum DAO is discussing a proposal to "distribute part of DAO revenue to ARB token holders", which will adjust community incentives and give ARB a purpose beyond governance tokens.
According to the proposal, as stated in Arbitrum's recent tweet, the DAO has accumulated approximately 3352 ETH of income from the L2 base fee and surplus fee. Distributions are triggered periodically to ensure rewards are delivered to the community in a timely manner.
Starknet Sorter Madara Released Official Documentation
Odaily news Starknet sorter Madara has released official documents to support developers to start exclusive small custom Starknet application chains.
Immutable Launches Payment Solution "Immutable Checkout"
Odaily News According to official news, Immutable X, the development company of Immutable X, the Ethereum NFT layer-2 expansion solution, has launched the payment solution "Immutable Checkout". The solution supports over 100 payment schemes and allows users to purchase game assets through a configurable interface.
secondary title
infrastructure components
Lido has officially launched the V2 version upgrade voting
Odaily News Lido officially announced that it has launched a vote on the V2 version upgrade of its Ethereum mainnet application on Aragon. Once the vote is passed, Lido V2 will be launched on May 15.
Odaily news Interlay founder Alexei Zamyatin tweeted that it is recommended to adopt the BRC-21 standard to mint fully decentralized, cross-chain tokens on the Bitcoin network. This allows minting L1 assets (e.g. ETH, SOL, DOT) as well as stablecoins (e.g. DAI, LUSD) on Bitcoin and using them on the Lightning Network.
Interlay founders propose creation of BRC-42 standard aimed at bridging BRC-20 tokens to external networks like Ethereum
Previously, Alexei also proposed to create the BRC-21 standard, which aims to bridge the tokens of external blockchains such as Ethereum and Solana to the Bitcoin chain in a decentralized manner. Both BRC-42 and BRC-21 function In the cross-chain field, but in the opposite direction.
Previously, Alexei also proposed to create the BRC-21 standard, which aims to bridge the tokens of external blockchains such as Ethereum and Solana to the Bitcoin chain in a decentralized manner. Both BRC-42 and BRC-21 function In the cross-chain field, but in the opposite direction.
Solana Web3 mobile phone Saga is publicly available, and its users can apply for Saga Genesis NFT
Odaily News Solana Web3 mobile phone Saga is now on sale to the public, and pre-orders have already started shipping to the United States, Canada, the European Union, the United Kingdom, Switzerland, Australia and New Zealand. Saga is deeply integrated with Solana, supporting the self-custody key solution Seed Vault, the Solana dApp Store for accessing decentralized applications, and more.
In addition, Saga users can claim a Saga Genesis Token when setting up their device. The non-transferable NFT tied to the device is the user's key to Saga Rewards, which unlocks exclusive content and benefits for dApps launched on Solana Mobile and the Solana dApp Store.
UniSat Wallet Removes Points Requirement to Access UniSat Marketplace
Odaily News Bitcoin Inscription Wallet UniSat Wallet tweeted that it has canceled the UniSat point requirement for accessing the UniSat Marketplace.
OpenAI CEO's encryption project Worldcoin launches ecological wallet "World App"
Odaily News Worldcoin, an identity-centric encryption project co-founded by OpenAI CEO Sam Altman, has launched an ecological wallet "World App". It is reported that when the Worldcoin mainnet is launched, the "World App" will support users to manage their World ID and send cryptocurrencies (BTC, ETH, DAI, USDC and Worldcoin tokens). Currently, the wallet has integrated Uniswap, MoonPay and Safe, and supports USDC.
Odaily News According to official news, the Aragon Association, the manager of DAO solution provider Aragon, issued a document stating that the recently deployed Aragon DAO was attacked by 51% of a coordinated group called "Risk-Free Value (RFV) Attackers". Related to the dissolution and liquidation of Rook DAO.
The group includes a large asset manager, Arca Capital Management. Evidence suggests that Arca's involvement was for financial gain from Aragon. In response, the Aragon Association, fulfilling its duty to safeguard the Aragon treasury, is repurposing the Aragon DAO with the goal of funding builders exclusively through a grants program.
According to CoinDesk, the Aragon Association canceled the voting rights of its ANT token holders in all matters in this adjustment, including strategic direction and treasury funding related matters.
Aragon stated that the attackers of the coordinated group have compromised many DAOs and their communities, including Invictus DAO, Fei Protocol, Rome DAO and Temple DAO. It is worth noting that a member of the group was arrested for participating in the Mango DAO exploit. Sentenced to prison. Most recently, the group led the financial takeover of Rook DAO, using social engineering tactics to attack the organization and dissolve the DAO and liquidate half of the treasury for financial gain.
The group’s attack on Aragon DAO began on May 2, with 69 messages posted in the Discord channel within hours, while those involved in the campaign had not joined the server for more than 45 days.
Revoke.cash launched a signature dashboard, allowing users to view and cancel existing signatures
secondary title
DeFi
The Uniswap community launched a new proposal, proposing to "implement fees on liquidity pools"
The Odaily governance page shows that GFX Labs initiated a proposal in the Uniswap community to "implement fees for liquidity pools", proposing to implement an agreement fee equal to 20% of the pool fee in all Uniswap V3 pools, and open the fee switch for Uniswap V2.
It is reported that this is not the first time that community members have called for the activation of the fee switch of the Uniswap liquidity pool. A proposal to change fees became a bone of contention within the Uniswap community last summer. The proposal ultimately failed to gain enough support, with opponents concerned that the move could have broader tax implications for the protocol and its users.
With the support of the community, the launch of Polygon on Uniswap V3 will serve as an initial measure to deploy the system. Following a successful deployment, follow-up proposals will be made for the Ethereum deployment as well as other recommendations deemed necessary by the governance. The proposal states that all liquidity pools with regular trading volume will generate more than $10,000 in annualized revenue for the protocol.
It is reported that this is not the first time that community members have called for the activation of the fee switch of the Uniswap liquidity pool. A proposal to change fees became a bone of contention within the Uniswap community last summer. The proposal ultimately failed to gain enough support, with opponents concerned that the move could have broader tax implications for the protocol and its users.
Odaily News Curve Finance tweeted that the redeployment of Curve's native stablecoin crvUSD contract has been completed. The deployment was field-tested with soft liquidations for arbitrage trading, with Curve Finance reminding arbitrage traders to update the addresses of their bots.
Odaily News MakerDAO officially launched the lending protocol Spark Protocol, which is open to all DeFi users. The product is centered on DAI and has lending functions for ETH, stETH, DAI, and sDAI.
In previous news, Phoenix Labs launched a new governance proposal in the MakerDAO community, proposing to create a new liquidity market called Spark Protocol for borrowing and lending DAI-focused encrypted assets.
The first product will be Spark Lend, which will allow users to borrow DAI at a set DAI savings rate, which is currently 1%. According to the proposal, Spark Lend will support highly liquid decentralized assets as collateral, such as ETH, DAI, as well as wstETH and wBTC.
Future features will include fixed-term income products and EtherDAI, which includes Maker’s own synthetic liquid collateralized derivatives (LSD). According to the proposal, Spark aims to launch in April of this year, opening a DAI lending vault on Maker with a debt limit of $200 million.
Spark will use Aave v3's smart contract system. In exchange, development team Phoenix Labs intends to send 10% of the protocol’s profits earned on Spark Protocol’s DAI market to Aave DAO over the next two years.
Synthetix will launch the dynamic Gas Fee module within 48 hours
Odaily News Synthetix, a synthetic asset protocol, will launch a dynamic Gas Fee module within the next 48 hours, aiming to adjust the minKeeperFee within the scope set by governance, so that the system can adapt to different Gas prices and ensure that the decentralized keeper network remains cost-effective . Among them, minKeeperFee will calculate Gas based on on-chain variables, such as ETH/USD price, L1 and L2 Gas price, and specified profit margin.
PancakeSwap integrates ENS, allowing users to view .eth domain names
Odaily News The decentralized trading platform PancakeSwap announced the integration with the Ethereum domain name ENS. More than 690,000 users can now view the .eth domain name on PancakeSwa. Users can click on the wallet or personal information in the upper right corner to view.
Alpha Homora will compensate users whose funds are stranded at Iron Bank over the next 18 months
Odaily News Alpha Homora, a multi-chain lending and income platform, released its tenth open letter stating that after 2.5 months of negotiations with Iron Bank, current users voted to stop the negotiations, and Alpha Homora will create a Goodwill Fund for users whose funds are stranded in Iron Bank.
The fund consists of two parts: 30 million ALPHAs are reserved for depositors over 18 months, starting from May 17 and released on the 17th of each month; 50% of the agreement fee will be allocated to depositors in the next 18 months . Eligible depositors of the Goodwill Fund can view the amount of ALPHA tokens they will receive within 18 months in the table.
Cross-chain DeFi protocol Prime Protocol launches bridgeless cross-chain token transfer function
Odaily News The cross-chain DeFi protocol Prime Protocol has launched a bridgeless cross-chain token transfer function, which aims to eliminate the need for Token Bridge, wrap and swap, and enable encrypted Token to be transferred between different blockchains (including Moonbeam, Ethereum, Arbitrum and Avalanche). The transfer between them is safer.
Prime Protocol went live on testnet in September. The protocol has over 51,000 unique users. (CoinDesk)
Odaily News The cross-chain infrastructure zkRouter launched by Multichain announced the launch of the first DApp built on its test network. Its cross-chain bridge supports the bridge from the Ethereum Goerli test network to Fantom.
According to zkRouter, development is still in its early stages and users will be rewarded for providing valuable feedback.
Crypto Derivatives Protocol Vega Protocol Launches Alpha Mainnet
Odaily News Cryptocurrency derivatives protocol Vega Protocol, a blockchain dedicated to handling decentralized derivatives trading of financial products such as futures and options, launched its Alpha mainnet on Wednesday. (CoinDesk)
Lending protocol zkLend mainnet Alpha version launched on Starknet
Odaily news zkLend, the lending protocol on Starknet, announced that the Alpha version of the mainnet is officially launched on Starknet, supporting user deposits, lending and using ETH, USDC, USDT, DAI and WBTC without permission. The Alpha version enforces borrow caps at the pool level, and these limits will be gradually lifted as network liquidity improves.
The oracle provider Pragma provides decentralized and transparent price information on the chain, and its smart contracts have been audited by Nethermind and ABDK.
Sui ecological DEX Cetus Launchpad has ended, attracting a total of 108 million SUI to participate
Odaily news Sui ecological DEX Cetus Launchpad has ended, attracting more than 108 million SUI to participate.
It is reported that the hard cap of this IDO is 800,000 SUI, and each CETUS is priced at 0.04 SUI, supplying 2% of the total tokens to the market, 70% of the SUI raised will be used for initial liquidity, and 30% of SUI will be used for Serve as xCETUS staking rewards.
NFT
The Odaily News SnapShot voting page shows that Clairvoyant Labs initiated the proposal "Add Governance Power: Blend Online Approval" on Blur Dao, suggesting that the Blur community should be more involved in deciding which NFT projects can be included in the lending agreement Blend. Voting on the proposal will open on May 11 and will close on May 25.
The proposal stated: “Regarding Blur’s announcement that Blend supports the new NFT series DeGods, the official website announcement was five minutes earlier than the Twitter announcement, so it is believed that more NFT community participation will help avoid such incidents. We recommend that the Blur community be more Participate in many places to decide which NFT series should be approved to list Blend."
The proposal proposes that all proposals to launch NFTs on Blend are initially posted on the research forum and discussed for at least 3 days, followed by a 7-day snapshot voting period. The proposal threshold is 100,000 BLUR, and the valid voting threshold is more than 30 million BLUR votes in favor.
OpenSea Pro launched a new feature "Farmer Wallet" tab
Odaily News OpenSea Pro launched a new feature "Farmer Wallet" label, which will mark which wallets belong to the "Farmer" users who bid and bid. At the same time, relevant data analysis functions are also provided, which can display the percentage of holders who conduct quick buying and selling activities through bidding, and other users will also be able to quickly preview the "Farmer Wallet" activity and inventory for NFT bidding.
Odaily News The cross-chain NFT market Magic Eden has released an update to support the direct display of NFT series quotations on the Launchpad page during real-time casting. Users can make series quotations for 1 or more NFTs immediately after the casting starts.
NFT fragmentation protocol Tessera: will end all operations in the next few weeks
Odaily News NFT fragmentation protocol Tessera (formerly Fractional) founder Andy Chorlian announced on social media that Tessera and the NFT market "Escher" founded by him will end all business in the next few weeks.
Andy Chorlian explained that this decision was made after careful consideration by the team. The team spent a long time carefully analyzing the possible market conditions, company structure and financial situation, and believed that this was the best choice for the team and investors, and said, " When we really drilled down into Escher's economic model, we found that the profitability we needed to hit (compared to the time and resource cost of scaling there) also didn't make good business sense."
Odaily News Dune Analytics data shows that due to internal disputes within the team, the NFT lending agreement ParaSpace saw a surge in withdrawals on May 10, with 138 BAKC, 591 MAYC, 278 Otherdeed, 264 BAYC and 249 other NFTs raised by users. A total of 1520 NFTs.
Additionally, over $40 million worth of ERC 20 tokens were withdrawn that day.
Moonbirds: Diamond Nest Reshuffle Airdrop Completed
Odaily News The NFT project Moonbirds announced on social media that the Diamond Nest Reshuffle airdrop distribution has been completed, allowing Diamond Exhibition NFT owners to exchange their duplicate NFTs for new NFTs.
NFT project Pudgy Penguins completes $9 million in financing led by 1kx
NFT project Pudgy Penguins completes $9 million in financing led by 1kx
Odaily News The company behind NFT project Pudgy Penguins has raised $9 million in a funding round led by early investor 1kx, which also included the founders of Big Brain Holdings, Kronos Research and LayerZero Labs.
Limit Break Launches ERC 721-C, a New Standard for Executable On-Chain Programmable Royalty
According to official news, Gabriel Leydon, CEO of DigiDaigaku's parent company Limit Break, announced the launch of the Creator Token Contract - ERC 721-C (C stands for Creator) as an executable on-chain royalty and programmable royalty A contract solution designed to help NFT creators earn more royalties.
Limit Break has yet to determine how it plans to use ERC 721-C in its own NFT project, DigiDaigaku. ERC 721-C is currently open source.
Projects can utilize ERC 721-C to control the transfer of NFTs between wallets, while enforcing royalties to ensure NFT creators receive royalties, and enable programmable payments, splits, derivatives, and more.
ERC 721-C is compatible with various token types, including ERC 721, ERC 721-A, AdventureERC-721 and ERC 1155, and also has smart contract whitelisting options and functions, and is open source.
Ordinals Wallet Airdrops Pixel Pepes NFT to Early Users
secondary title
social contact
Elon Musk: Linda Yaccarino officially becomes Twitter's new CEO
Odaily News Elon Musk tweeted that Linda Yaccarino is welcome to become the new CEO of Twitter, who will focus on business operations, while Elon Musk will focus on product design and new technologies.
As previously reported, Linda Yaccarino, head of advertising at NBCUniversal, has worked at NBCUniversal for more than a decade and played a key role in launching the company's ad-supported Peacock streaming service.
Lens Protocol announces the Lens SDK, a developer toolkit
Odaily News The decentralized social protocol Lens Protocol announced the launch of the developer toolkit Lens SDK. With the toolkit, developers can add social feeds, social profiles, social authentication to their applications with as little as 10 codes and no blockchain knowledge.
Web3 social data protocol Inspect integrates Polygon and will launch version 2.0
Odaily News Web3 social data protocol Inspect announced a strategic partnership with Polygon. NFTinspect will integrate NFT based on the Polygon blockchain and add a dedicated Polygon ranking system to its website. It will also create tools and services for the Polygon community and cooperate with Polygon Joint research and development of new NFT/Web3 projects and community engagement/education programs.
secondary title
game
WEMIX launched a token burning platform, and its token burning will be divided into three types
Odaily News Korean game company Wemade's chain game platform WMIX announced the launch of the token burning platform WMIX BURN Platform.
It is reported that the WEMIX burning plan is divided into three types: Mass Burn, Batch Burn and Auto Burn, allowing investors, WEMIX token holders and community members to view the details of each burning process, and then realize the deflationary token economy and support WEMIX 3.0 Healthy long-term development of the ecosystem. (PRNewswire)
Odaily news Sui ecological Web3 ARPG game Abyss World announced that IDO will be opened soon and a new economic model has been released.
It is reported that Abyss World is the first AAA game in the Sui Ecology that Mysten Labs participated in. At present, Abyss World has nearly 120,000 reservations on the global Steam wish list, and will conduct its first public beta next month.
Axie Infinity announced the launch of Origins S 4, rewarding more than 110,000 AXS
secondary title
security incident
Crypto art platform Art Coin loses $330,000 due to wrong LP setup on Uniswap V3
Odaily News The encrypted art platform Art Coin deployed a liquidity pool (LP pool) on Uniswap V3 on May 7. After a user discovered a loophole in the pre-sale process of Art Coin's ART token Uniswap V3, he immediately sold it. The ART purchased at 0.01 ETH during the pre-sale received 181 ETH in the liquidity, worth about $33.1. Some have questioned the legitimacy of the user's actions, saying the user performed a Rug Pull.
The Art Coin founder has since released a statement saying the bug was due to miscommunication: “Two developers will help us understand LP and set it up. Due to miscommunication, we set up LP before distributing tokens. Therefore, When we sent out the first batch of tokens, the bots ran out of it like crazy."
At present, 181 ETH of the project's pre-sale funds have been exhausted, and the remaining 40 ETH is now planning to conduct a new round of fundraising. (Bitcoinist)
Pie Shield: Rug Pull occurred in the Derpman project, and about 48.55 ETH were stolen
Odaily News According to PeckShield data monitoring, the Derpman (DMAN) project was Rug Pulled a few hours ago, and the current DMAN price has dropped by nearly 100%.
It is reported that the scammer initially transferred 4 ETH from Binance, then added 3 ETH liquidity, and then exchanged 1200 T DMAN tokens for 48.55 ETH, and transferred these ETH to the address starting with 0x 4 d 1 f.
