firstvip
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投研机构 | 专业研报 | 价值投资的倡导者 | 公众号同名 | 官网 https://first.vip | twitter @firstvip61
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For a long time, people have considered projects that include stablecoins as stablecoin projects, such as Luna, which was once very popular and provided a U-standard APY of nearly 20% after staking, Ethena, which now has a circulation of 6 billion and a reasonable source of income, and Usua, which mainly relies on protocol token incentives. In my opinion, many projects defined as stablecoins are not widely circulated in the market (not used as mainstream currency trading pairs and value storage), but are a medium for obtaining income. Its stablecoin attribute is weaker, but contains more income attributes, so it can be regarded as an income project.
After the collapse of Luna, more income projects turned to long-term sustainable income to subsidize users. The current mainstream methods mainly include #RWA -type protocols (such as MakerDAO, Usual) based on US Treasury bonds and protocols that use mainstream currency spot arbitrage (such as Ethena, USDX).
The RWA protocol is based on US Treasury bonds, which is relatively larger in scale, relatively stable in income, higher in fund security, and lower in risk of thunder. In a bull market, the capital return of futures and spot arbitrage is higher, but at the same time, attention should be paid to the position ratio in the derivatives market, certain scale restrictions, liquidity problems may occur when large-scale positions are closed, and negative funding rates may occur in a bear market.
After the collapse of Luna, more income projects turned to long-term sustainable income to subsidize users. The current mainstream methods mainly include #RWA -type protocols (such as MakerDAO, Usual) based on US Treasury bonds and protocols that use mainstream currency spot arbitrage (such as Ethena, USDX).
The RWA protocol is based on US Treasury bonds, which is relatively larger in scale, relatively stable in income, higher in fund security, and lower in risk of thunder. In a bull market, the capital return of futures and spot arbitrage is higher, but at the same time, attention should be paid to the position ratio in the derivatives market, certain scale restrictions, liquidity problems may occur when large-scale positions are closed, and negative funding rates may occur in a bear market.
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Hehe, I just came here. Let’s communicate more. Any public research reports will be published here in the future.
久韭
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Thank you for your attention, it turns out to be first class, I used to often read your research reports 😁
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Trump Inauguration
Swearing in at 1:00 (or close to 1:00) on January 21, Eastern Time
Inauguration Day Process:
① Swearing in, inaugural speech
② Presidential Office signing ceremony
③ Inaugural luncheon
④ Review of troops
⑤ Presidential parade and reception
⑥ Inaugural ball (will gather celebrities from all walks of life, and this year should have invited many cryptocurrency bigwigs, I wonder what projects will be seen
Are you staying up tonight, night lions 😁 Listen to Trump's call for a single cryptocurrency circle
Swearing in at 1:00 (or close to 1:00) on January 21, Eastern Time
Inauguration Day Process:
① Swearing in, inaugural speech
② Presidential Office signing ceremony
③ Inaugural luncheon
④ Review of troops
⑤ Presidential parade and reception
⑥ Inaugural ball (will gather celebrities from all walks of life, and this year should have invited many cryptocurrency bigwigs, I wonder what projects will be seen
Are you staying up tonight, night lions 😁 Listen to Trump's call for a single cryptocurrency circle
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#BTC重回10万
The pattern has opened up, brothers. The United States currently has around $35 trillion in pension assets, and the proportion of gold assets in pension fund allocations worldwide is about 1-5%. The market value of gold is currently approximately 810 times that of Bitcoin. If Bitcoin ETFs can be included in pension fund allocations similar to gold ETFs, it could potentially bring in between $20 billion and $35 billion in off-exchange institutional incremental funds for Bitcoin.
Think about it, dear BlackRock. The direct layout of the cryptocurrency market is around $65 billion, with approximately $55 billion directly invested in the market and about $10 billion in related stocks. Additionally, there is Circle's Treasury Reserve Fund of $35 billion. International capital has also made in-depth layouts in the cryptocurrency market.
Vanguard may be late but is finally arriving, and even the Trump family may have begun early layouts in the crypto space. World Liberty Financial, backed by them, has accumulated over $40 million in cryptocurrency assets.
Moreover, crypto-friendly companies have started long-term layouts as well. Microsoft, Tesla, Apple, Amazon, Visa, and PayPal have all invested resources into the development of the cryptocurrency industry in research and application. MicroStrategy, which was just included in the Nasdaq 100 index, plans to raise $42 billion over the next three years for its long-term Bitcoin investment program. If this amount can be secured, it might have the power to push Bitcoin to $200,000. With MicroStrategy leading the way, it may encourage more tech companies to include Bitcoin investments in their long-term financial plans.
Looking ahead, traditional international capital giants, tech companies, and emerging political forces are optimistic about the cryptocurrency market and are continuously investing funds... How wonderful!
The pattern has opened up, brothers. The United States currently has around $35 trillion in pension assets, and the proportion of gold assets in pension fund allocations worldwide is about 1-5%. The market value of gold is currently approximately 810 times that of Bitcoin. If Bitcoin ETFs can be included in pension fund allocations similar to gold ETFs, it could potentially bring in between $20 billion and $35 billion in off-exchange institutional incremental funds for Bitcoin.
Think about it, dear BlackRock. The direct layout of the cryptocurrency market is around $65 billion, with approximately $55 billion directly invested in the market and about $10 billion in related stocks. Additionally, there is Circle's Treasury Reserve Fund of $35 billion. International capital has also made in-depth layouts in the cryptocurrency market.
Vanguard may be late but is finally arriving, and even the Trump family may have begun early layouts in the crypto space. World Liberty Financial, backed by them, has accumulated over $40 million in cryptocurrency assets.
Moreover, crypto-friendly companies have started long-term layouts as well. Microsoft, Tesla, Apple, Amazon, Visa, and PayPal have all invested resources into the development of the cryptocurrency industry in research and application. MicroStrategy, which was just included in the Nasdaq 100 index, plans to raise $42 billion over the next three years for its long-term Bitcoin investment program. If this amount can be secured, it might have the power to push Bitcoin to $200,000. With MicroStrategy leading the way, it may encourage more tech companies to include Bitcoin investments in their long-term financial plans.
Looking ahead, traditional international capital giants, tech companies, and emerging political forces are optimistic about the cryptocurrency market and are continuously investing funds... How wonderful!
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Grayscale layout, a list of new assets that Grayscale is considering
Including but not limited to
DeFi: AERO, ENA, JUP, ONDO, RUNE, PENDLE, HYPE
Layer1: #BNB S, KAS, TON, TRX, APT, INJ, SEI, HBAR
Layer2: ARB, STRK, MNT, IMX
DePIN: AR, HNT, GRASS
#AI: FET, WLD, AKT, ai16z, FLOCK, VIRTUAL, Hyperbolic
Re-staking: EIGEN
Modularity: TIA
Base layer: JTO
Oracle: PYTH
Meme: DOGE
NFT: Story Protocol
Are they missing anything 🤔
Including but not limited to
DeFi: AERO, ENA, JUP, ONDO, RUNE, PENDLE, HYPE
Layer1: #BNB S, KAS, TON, TRX, APT, INJ, SEI, HBAR
Layer2: ARB, STRK, MNT, IMX
DePIN: AR, HNT, GRASS
#AI: FET, WLD, AKT, ai16z, FLOCK, VIRTUAL, Hyperbolic
Re-staking: EIGEN
Modularity: TIA
Base layer: JTO
Oracle: PYTH
Meme: DOGE
NFT: Story Protocol
Are they missing anything 🤔
First.VIP Project Analysis: ‘METAGAME’ layer Zentry
#Zentry $ZENT
Zentry, formerly GuildFi, announced in April 2024 its rebranding to Zentry, alongside a strategic upgrade of its brand to encompass extensive gaming infrastructure. The project is committed to constructing a Layer0 solution for its Play Economy, referred to as the Metagame Layer. Zentry has recently announced a collaboration with Beam to incubate and support the Sophon ecosystem, an entertainment-focused modular hyperchain powered by zkSync that has successfully secured $60 milli
Zentry, formerly GuildFi, announced in April 2024 its rebranding to Zentry, alongside a strategic upgrade of its brand to encompass extensive gaming infrastructure. The project is committed to constructing a Layer0 solution for its Play Economy, referred to as the Metagame Layer. Zentry has recently announced a collaboration with Beam to incubate and support the Sophon ecosystem, an entertainment-focused modular hyperchain powered by zkSync that has successfully secured $60 milli
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First-class warehouse public due diligence: public chain Aptos
Original text: https://x.com/firstvip61/status/1857053627954704450
#Aptos $APT
Aptos is a public chain project established at the end of 2021. It inherits many of Meta's achievements in the field of blockchain and has a very good team and financing lineup. Since the launch of the mainnet in October 2022, Aptos has proven its efficiency and reliability with practical actions, establishing its leading position among the new generation of public chains. In the future, it will be possible to achieve greater development relying on the long-established ecosystem.
Investment Summary
Aptos is a public chain project launched at the end of 2021.
#Aptos $APT
Aptos is a public chain project established at the end of 2021. It inherits many of Meta's achievements in the field of blockchain and has a very good team and financing lineup. Since the launch of the mainnet in October 2022, Aptos has proven its efficiency and reliability with practical actions, establishing its leading position among the new generation of public chains. In the future, it will be possible to achieve greater development relying on the long-established ecosystem.
Investment Summary
Aptos is a public chain project launched at the end of 2021.
First.VIP Project Analysis: Public blockchain Aptos
#Aptos $APT
Founded in late 2021, Aptos is a public blockchain inheriting many of the technical innovations made by Meta in the blockchain space and is backed by an impressive lineup of investors. Since the launch of the mainnet in October 2022, Aptos has demonstrated its efficiency and reliability, establishing itself as a leader among the next-generation public blockchains. With its prosperous and engaging ecosystem, it may gain more significant growth in the future.
Executive Summary
Founded
Founded in late 2021, Aptos is a public blockchain inheriting many of the technical innovations made by Meta in the blockchain space and is backed by an impressive lineup of investors. Since the launch of the mainnet in October 2022, Aptos has demonstrated its efficiency and reliability, establishing itself as a leader among the next-generation public blockchains. With its prosperous and engaging ecosystem, it may gain more significant growth in the future.
Executive Summary
Founded
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$ZK #zkSync #Airdrops!
Query: https://claim.zknation.io
Documentation: https://docs.zknation.io
Introduction to ZK: https://blog.zknation.io/zk-token
User qualification criteria:
✔️Interacted with 10 smart contracts
✔️Deposited liquidity into DeFi protocols
✔️Traded 10 different ERC20 tokens
✔️Hold Libertas Omnibus NFT
✔️Traded on ZKsync Lite in 3 different months before ZKsync Era mainnet
17.5% (3.675 billion) of the total distribution (21 billion),
It is the largest airdrop in history
It is reported that the boutique account won and the batch account lost miserably,
Only more than 600,000 of the more than 6 million total addresses are eligible,
It is also a large-scale witch in history😅
Query: https://claim.zknation.io
Documentation: https://docs.zknation.io
Introduction to ZK: https://blog.zknation.io/zk-token
User qualification criteria:
✔️Interacted with 10 smart contracts
✔️Deposited liquidity into DeFi protocols
✔️Traded 10 different ERC20 tokens
✔️Hold Libertas Omnibus NFT
✔️Traded on ZKsync Lite in 3 different months before ZKsync Era mainnet
17.5% (3.675 billion) of the total distribution (21 billion),
It is the largest airdrop in history
It is reported that the boutique account won and the batch account lost miserably,
Only more than 600,000 of the more than 6 million total addresses are eligible,
It is also a large-scale witch in history😅
Foresight_News
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ZKsync airdrop distribution is out! How is it distributed? Who is eligible?
The minimum guarantee for a single address is 450, and the maximum airdrop is 100,000 tokens.
Editor: Karen, Foresight News
The much-anticipated ZKsync airdrop distribution plan has been finalized. The ZKsync Association will conduct a one-time airdrop of 3.6 billion ZK tokens to early users and adopters of ZKsync next week, with 695,232 eligible wallets. The snapshot time is March 24, and community members can check the airdrop eligibility at the Claim.zknation.io website and can claim the airdrop starting next week until January 3, 2025.
The airdrop represents 17.5% of the total supply of ZK tokens. Users will be able to claim their tokens starting next week until January 3, 2025. Contributors will be able to claim starting June 24.
Editor: Karen, Foresight News
The much-anticipated ZKsync airdrop distribution plan has been finalized. The ZKsync Association will conduct a one-time airdrop of 3.6 billion ZK tokens to early users and adopters of ZKsync next week, with 695,232 eligible wallets. The snapshot time is March 24, and community members can check the airdrop eligibility at the Claim.zknation.io website and can claim the airdrop starting next week until January 3, 2025.
The airdrop represents 17.5% of the total supply of ZK tokens. Users will be able to claim their tokens starting next week until January 3, 2025. Contributors will be able to claim starting June 24.
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First Class Warehouse Research Report: Public beta is coming! A comprehensive analysis of the 3A blockchain game masterpiece Illuvium
#Illuvium $ILV
Illuvium is a blockchain game world based on Immutable X and developed using the Unreal Engine 5. It includes four different types of games. These four games share a unified world view and are developed for different player groups. They are connected through the economic mechanism of the game world, which greatly enriches the players' gaming experience. At present, the game development progress is good, the mechanism and gameplay are well designed, and the game quality has surpassed most of the blockchain games on the market. It is expected that the main games will be launched in public beta within the year, so we choose to pay attention to Illuvium.
Illuvium is a blockchain game world based on Immutable X and developed using the Unreal Engine 5. It includes four different types of games. These four games share a unified world view and are developed for different player groups. They are connected through the economic mechanism of the game world, which greatly enriches the players' gaming experience. At present, the game development progress is good, the mechanism and gameplay are well designed, and the game quality has surpassed most of the blockchain games on the market. It is expected that the main games will be launched in public beta within the year, so we choose to pay attention to Illuvium.
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First Class Warehouse Research Report: Cross-chain interoperability protocol Axelar
$AXL #axelar
Axelar is a cross-chain interoperability project based on cross-chain technology. On top of the concepts of cross-chain and multi-chain, it also proposes an inter-chain concept and is committed to providing a unified development environment for all Web3 applications. . To this end, Axelar developed the Axelar Virtual Machine (AVM) in 2024 and launched a variety of development tools, allowing Axelar to evolve from a cross-chain layer responsible for message and asset transfer to a layer that can program and deploy smart contracts to execute more complex Cross-chain layer of operations. The project is currently developing well, with transaction volume and the number of users growing steadily. If we can rely on the concept of inter-chain to expand an entire ecosystem in the future, we will have a good competitive advantage in this track.
Axelar is a cross-chain interoperability project based on cross-chain technology. On top of the concepts of cross-chain and multi-chain, it also proposes an inter-chain concept and is committed to providing a unified development environment for all Web3 applications. . To this end, Axelar developed the Axelar Virtual Machine (AVM) in 2024 and launched a variety of development tools, allowing Axelar to evolve from a cross-chain layer responsible for message and asset transfer to a layer that can program and deploy smart contracts to execute more complex Cross-chain layer of operations. The project is currently developing well, with transaction volume and the number of users growing steadily. If we can rely on the concept of inter-chain to expand an entire ecosystem in the future, we will have a good competitive advantage in this track.
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From basic research to practical applications and more, the #AI industry covers a variety of fields. A rough overview (Figure 1)
Currently, Bittensor and Render are leading the AI track in the encryption market. Their current market values are US$3.825 billion and US$2.973 billion respectively. Compared with all subsequent projects, there is a cliff-like gap. (Picture 2, track previous ranking: https://www.coingecko.com/en/categories/artificial-intelligence)
Almost all AI projects are currently in an early stage. Although each project has different products, overall both the maturity of the mechanism and the implementation of applications are in a very early stage. Therefore, when investing in the AI track, you should Please note that the relevant fundamentals are not yet complete, which brings potential valuation bubble risks.
Currently, Bittensor and Render are leading the AI track in the encryption market. Their current market values are US$3.825 billion and US$2.973 billion respectively. Compared with all subsequent projects, there is a cliff-like gap. (Picture 2, track previous ranking: https://www.coingecko.com/en/categories/artificial-intelligence)
Almost all AI projects are currently in an early stage. Although each project has different products, overall both the maturity of the mechanism and the implementation of applications are in a very early stage. Therefore, when investing in the AI track, you should Please note that the relevant fundamentals are not yet complete, which brings potential valuation bubble risks.
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First Class Briefing: Pandora based on the ERC404 token standard
Note: This article was first published on https://first.vip on 2024-02-05
At the time of publication, $PANDORA was trading at 2376
#pandora
Simplified interpretation
Pandora is an NFT fragmentation project launched on February 2. Its core technology is the ERC404 token standard. Users can purchase the project's token of the same name PANDORA on Uniswap V3 to obtain ERC404 tokens, which is equivalent to holding its NFT in fragments - Pandora Replicants. In addition, users can also purchase Pandora Replicants directly on OpenSea. The current price of PANDORA is US$2,375.76, with a 24-hour trading volume of US$5.365 million; the trading volume of Pandora Replicants is 48 ETH.
At the time of publication, $PANDORA was trading at 2376
#pandora
Simplified interpretation
Pandora is an NFT fragmentation project launched on February 2. Its core technology is the ERC404 token standard. Users can purchase the project's token of the same name PANDORA on Uniswap V3 to obtain ERC404 tokens, which is equivalent to holding its NFT in fragments - Pandora Replicants. In addition, users can also purchase Pandora Replicants directly on OpenSea. The current price of PANDORA is US$2,375.76, with a 24-hour trading volume of US$5.365 million; the trading volume of Pandora Replicants is 48 ETH.
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First Class Warehouse Research Report: Jupiter, a DEX Aggregator on Solana
Note: This research report was first published on the official website of First Class Warehouse on 2024-01-30
$JUP #jupiter #solana
Jupiter is a deal aggregator built on the Solana network. Jupiter was launched in October 2021 and has become the most popular trading front-end for Solana users. It aggregates more than half of Solana's transaction volume. The development of Jupiter's transaction aggregation function is close to the ceiling. The agreement launched the Launchpad platform Jupiter Start and the incubator Jupiter Labs for horizontal expansion. Jupiter has a large user base and resources, and the project quality of the Launchpad platform is guaranteed to a certain extent. And its Jupiter Labs derivatives project has high TVL and trading volume. To sum up, we choose to focus on Jupiter.
$JUP #jupiter #solana
Jupiter is a deal aggregator built on the Solana network. Jupiter was launched in October 2021 and has become the most popular trading front-end for Solana users. It aggregates more than half of Solana's transaction volume. The development of Jupiter's transaction aggregation function is close to the ceiling. The agreement launched the Launchpad platform Jupiter Start and the incubator Jupiter Labs for horizontal expansion. Jupiter has a large user base and resources, and the project quality of the Launchpad platform is guaranteed to a certain extent. And its Jupiter Labs derivatives project has high TVL and trading volume. To sum up, we choose to focus on Jupiter.
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Let's talk about the DePin track
#DePin , as a long-standing track in the encryption field, has regained great attention from the market in 2023. In the 2024 outlook reports of Messari, Coinbase, Spartan and other institutions, they all regard DePin as the most popular in the 2024 encryption market. One of several important narratives, unanimously optimistic about its performance in the next bull market.
The current valuation of the entire DePin track is approximately US$9 billion, and Messari estimates that it is expected to grow to US$3.5 trillion in 2028.
👀👇 Let’s give a brief introduction to the industry,
DePin, Decentralized Physical Infrastructure Networks, decentralized network hardware infrastructure, this concept was proposed by Messari. It aims to bring real-life storage, computing, rendering and other infrastructure to the blockchain using cryptoeconomic incentives.
The current valuation of the entire DePin track is approximately US$9 billion, and Messari estimates that it is expected to grow to US$3.5 trillion in 2028.
👀👇 Let’s give a brief introduction to the industry,
DePin, Decentralized Physical Infrastructure Networks, decentralized network hardware infrastructure, this concept was proposed by Messari. It aims to bring real-life storage, computing, rendering and other infrastructure to the blockchain using cryptoeconomic incentives.
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#MantaNetwork is a privacy project based on ZK technology founded in 2020.
From the perspective of team and funding, Manta’s team has a good technical and academic background, and has announced the completion of 5 rounds of financing, with a total financing amount of more than 60 million US dollars.
From a product and technology perspective. Manta's products include Manta Pacific, a Layer 2 network on Ethereum that uses Celestia as the DA layer, and Manta Atlantic, a Layer 1 network on Polkadot. Both are based on the ZK universal circuit and zkSBT developed by Manta. zkSBT will allow users to participate in the network in a trustless, decentralized manner and can provide seamless on-chain KYC services without providing any real-life personal information. In addition, in Manta Pacific, Manta created a ZK library to provide services for ZK Dapp developers on Ethereum and can provide high scalability and low transaction fees. In Manta Pacific, users can rely on a public account-based address system and a UTXO-based private address system to perform on-chain operations, thereby enabling private transactions.
From the perspective of token economics, the total number of MANTA tokens is 1 billion, and the annual inflation rate is 2%. The MANTA token will be used as the governance token of the Pacific and Atlantic networks, and as the main application token of the Atlantic network, it can also assume certain functions in the Pacific network.
Among the token distribution, the ecosystem accounts for 21.19%, the team and advisors account for 18.10%, investors account for 32.11%, airdrops account for 12.10%, Binance Launchpool accounts for 3%, and the treasury accounts for 13.50%. Relatively speaking, ecosystems account for a small proportion.
For detailed unlocking rules, please refer to: https://mantanetwork.medium.com/manta-tokenomics-b226f911c84c
Overall, as a privacy project, Manta has certain technical content and caters to current market hot spots. But in the long run, it is still doubtful whether privacy-type products can gain actual user use and market recognition. 👀Continue to observe~
From the perspective of team and funding, Manta’s team has a good technical and academic background, and has announced the completion of 5 rounds of financing, with a total financing amount of more than 60 million US dollars.
From a product and technology perspective. Manta's products include Manta Pacific, a Layer 2 network on Ethereum that uses Celestia as the DA layer, and Manta Atlantic, a Layer 1 network on Polkadot. Both are based on the ZK universal circuit and zkSBT developed by Manta. zkSBT will allow users to participate in the network in a trustless, decentralized manner and can provide seamless on-chain KYC services without providing any real-life personal information. In addition, in Manta Pacific, Manta created a ZK library to provide services for ZK Dapp developers on Ethereum and can provide high scalability and low transaction fees. In Manta Pacific, users can rely on a public account-based address system and a UTXO-based private address system to perform on-chain operations, thereby enabling private transactions.
From the perspective of token economics, the total number of MANTA tokens is 1 billion, and the annual inflation rate is 2%. The MANTA token will be used as the governance token of the Pacific and Atlantic networks, and as the main application token of the Atlantic network, it can also assume certain functions in the Pacific network.
Among the token distribution, the ecosystem accounts for 21.19%, the team and advisors account for 18.10%, investors account for 32.11%, airdrops account for 12.10%, Binance Launchpool accounts for 3%, and the treasury accounts for 13.50%. Relatively speaking, ecosystems account for a small proportion.
For detailed unlocking rules, please refer to: https://mantanetwork.medium.com/manta-tokenomics-b226f911c84c
Overall, as a privacy project, Manta has certain technical content and caters to current market hot spots. But in the long run, it is still doubtful whether privacy-type products can gain actual user use and market recognition. 👀Continue to observe~
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$STX Stacks plans to complete the Nakamoto upgrade of great significance to Bitcoin before its halving, which mainly includes three aspects:
1. sBTC, a trustless decentralized two-way anchored token, introduces Bitcoin liquidity into smart contracts.
2. Achieve transaction finality. Once confirmed under the PoX block, Stacks transactions will be irreversible.
3. Faster blocks, while maintaining security, generate a block every 5 seconds.
With the implementation of the Satoshi upgrade, Stacks will be able to process existing block transactions on Bitcoin and eventually transform into a true Bitcoin second layer when technically feasible.
With the improvement of network efficiency and the emergence of sBTC, Stacks will be able to provide a high-performance Bitcoin-denominated NFT market.
And under the sBTC mechanism, users can lock Ordinals on Bitcoin L1 and then trade on Stacks' L2, which is faster, lower cost, and more flexible.
In addition, users can explore more traditional decentralized finance (DeFi) applications, such as lending. DeFi projects in the BTC ecosystem will have broader development space.
https://medium.com/@halp1120/stx-thesis-update-cd09b7f2cce8
1. sBTC, a trustless decentralized two-way anchored token, introduces Bitcoin liquidity into smart contracts.
2. Achieve transaction finality. Once confirmed under the PoX block, Stacks transactions will be irreversible.
3. Faster blocks, while maintaining security, generate a block every 5 seconds.
With the implementation of the Satoshi upgrade, Stacks will be able to process existing block transactions on Bitcoin and eventually transform into a true Bitcoin second layer when technically feasible.
With the improvement of network efficiency and the emergence of sBTC, Stacks will be able to provide a high-performance Bitcoin-denominated NFT market.
And under the sBTC mechanism, users can lock Ordinals on Bitcoin L1 and then trade on Stacks' L2, which is faster, lower cost, and more flexible.
In addition, users can explore more traditional decentralized finance (DeFi) applications, such as lending. DeFi projects in the BTC ecosystem will have broader development space.
https://medium.com/@halp1120/stx-thesis-update-cd09b7f2cce8
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The main developments of $OP Optimism in November 2023 are:
1. Optimism activated the Canyon network upgrade on the test network (OP Goerli, OP Sepolia, Base Goerli, Base Sepolia, PGN Sepolia, Zora Sepolia) on November 15th. The upgrade includes Shanghai and Capella hard fork support and some minor vulnerabilities. repair.
2. The Paradigm open source team, OP Labs and Base team cooperated to achieve the merger of OP Stack client OP Reth, so that the high-performance Ethereum node Reth can be used in OP Stack without modification.
3. Optimism opens the third round of retroactive public product fundraising voting, and will allocate 30 million OP. Voting closed in December and results will be announced on January 11.
4. Optimism launched the 5-week on-chain art competition We ❤️ The Art on November 8. The total prize pool is 1 million OP, and submissions have closed on December 4.
5. Decentralized blockchain infrastructure provider Ankr partners with Optimism to launch Rollup as a service.
6. Lattice launched Redstone, an Alt-DA chain built on OP Stack, and joined Optimism Collective as a core developer.
7. The EVM gateway launched by ENS is already available on OP Goerli and will be launched on OP Mainnet soon.
8. Web3 cross-chain infrastructure provider Swan launched the Swan Chain test network on Optimi OP Stack.
9. Launch the developer mainnet based on the Layer2 network Mode built on OP Stack.
10. Optimism initiated a proposal in the ApeCoin forum, proposing that ApeCoin DAO use Superchain to build ApeChain.
11. Wombat Exchange, a cross-chain stablecoin decentralized exchange, launches Optimism.
1. Optimism activated the Canyon network upgrade on the test network (OP Goerli, OP Sepolia, Base Goerli, Base Sepolia, PGN Sepolia, Zora Sepolia) on November 15th. The upgrade includes Shanghai and Capella hard fork support and some minor vulnerabilities. repair.
2. The Paradigm open source team, OP Labs and Base team cooperated to achieve the merger of OP Stack client OP Reth, so that the high-performance Ethereum node Reth can be used in OP Stack without modification.
3. Optimism opens the third round of retroactive public product fundraising voting, and will allocate 30 million OP. Voting closed in December and results will be announced on January 11.
4. Optimism launched the 5-week on-chain art competition We ❤️ The Art on November 8. The total prize pool is 1 million OP, and submissions have closed on December 4.
5. Decentralized blockchain infrastructure provider Ankr partners with Optimism to launch Rollup as a service.
6. Lattice launched Redstone, an Alt-DA chain built on OP Stack, and joined Optimism Collective as a core developer.
7. The EVM gateway launched by ENS is already available on OP Goerli and will be launched on OP Mainnet soon.
8. Web3 cross-chain infrastructure provider Swan launched the Swan Chain test network on Optimi OP Stack.
9. Launch the developer mainnet based on the Layer2 network Mode built on OP Stack.
10. Optimism initiated a proposal in the ApeCoin forum, proposing that ApeCoin DAO use Superchain to build ApeChain.
11. Wombat Exchange, a cross-chain stablecoin decentralized exchange, launches Optimism.
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First Class Warehouse Research Report: DAO Chain Game Association Merit Circle
Note: This article was first published on https://first.vip on 2023-10-20
$BEAMX
Merit Circle (MC) is a decentralized DAO chain game guild built on Ethereum and BSC. Different from traditional chain game guilds, Merit Circle invests in the primary market of chain games, cooperates in game development, and builds chain game market distribution channels. Platforms, infrastructure construction and other methods have gradually expanded to the upper and middle reaches of the chain gaming industry. In summary, this project deserves attention.
Investment Summary [1]
Merit Circle (MC) is a decentralized DAO chain game guild built on Ethereum and BSC. Initially, Merit Circle was a scholarship guild similar to YGG. It also has scholarship business[2], SubDao model[3], etc., but Considering the sustainability and limitations of the scholarship business, and the fact that these businesses are almost suppressed by YGG, we began to transform the structure and positioning of the DAO in March 2022, hoping to build it into a game DAO. Merit Circle divides DAO into multiple sectors (vertical fields). Currently, its main sectors are investment, studio (building and incubating new projects), games (chain game market distribution channel platform) and infrastructure (Beam based on Avalanche Game Chain, the mainnet was launched on August 18 this year), and the game NFT platform Sphere, which is still in the research and development stage, was once one of the four major sectors. Due to market factors, the release was delayed and replaced by the infrastructure sector.
$BEAMX
Merit Circle (MC) is a decentralized DAO chain game guild built on Ethereum and BSC. Different from traditional chain game guilds, Merit Circle invests in the primary market of chain games, cooperates in game development, and builds chain game market distribution channels. Platforms, infrastructure construction and other methods have gradually expanded to the upper and middle reaches of the chain gaming industry. In summary, this project deserves attention.
Investment Summary [1]
Merit Circle (MC) is a decentralized DAO chain game guild built on Ethereum and BSC. Initially, Merit Circle was a scholarship guild similar to YGG. It also has scholarship business[2], SubDao model[3], etc., but Considering the sustainability and limitations of the scholarship business, and the fact that these businesses are almost suppressed by YGG, we began to transform the structure and positioning of the DAO in March 2022, hoping to build it into a game DAO. Merit Circle divides DAO into multiple sectors (vertical fields). Currently, its main sectors are investment, studio (building and incubating new projects), games (chain game market distribution channel platform) and infrastructure (Beam based on Avalanche Game Chain, the mainnet was launched on August 18 this year), and the game NFT platform Sphere, which is still in the research and development stage, was once one of the four major sectors. Due to market factors, the release was delayed and replaced by the infrastructure sector.
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