Bored Ape flood for rent π΅πππ
ERC-4626: The token standard to bring order to DeFi, DeFi trends in 2022 Web3, Is the future of finance on the blockchain? and more...
Dear Tokener,
The long awaited weekend is here ;-), and the weather seems to be improving in many places. So it's perfect to go for a walk, go out, share, have a drink and relax. That is precisely what we are going to do for the next two weeks, recharge our batteries a bit to come back with more strength in the second half of July.
But we'll leave you some interesting tidbits here so you won't miss us too much π .
On the one hand, we tell you that hundreds of Bored Ape owners are signing up to rent their NFTs to brands π
Hundreds of Bored Ape owners have signed up for a new non-fungible token (NFT) licensing marketplace that allows hodlers to lease the intellectual property of their tokens to brands.
Blocklain accelerator Mouse Belt Labs launched the marketplace called Boredjobs, claiming it will list all 10,000 BAYC NFTs on its website for brands to browse and "indicate interest in hiring for campaigns".
Of course, the 10,000 apes will not be available for hire unless the respective BAYC owners register and confirm ownership to view the offers.
On the other hand, we also tell you that Facebook has launched a test of non fungible token (NFT) support with a select group of creators in the US, as it aims to incorporate the Metaverse industry within its platform.
Navdeep Singh, head of product at Meta, shared screenshots of the NFTs on Facebook late Thursday: "We launched NFTs on Facebook! I'm excited to share with the world what I've been working on," he posted.
So... do you know Uttopion? Uttopion is the first metaverse 'made in Spain' promoted by Juan Roig.
The Spanish company that was born as a platform to perform concerts virtually during the pandemic, is now the only metaverse with a Spanish label and has sold more than a million and a half euros in land. π°
And speaking of our own... Today in Cuarenta y dos (42) we talk about "ERC-4626: The token standard to bring order to DeFi", by Jordi GuillamΓ³n from beToken Research.
We also talk to you about DeFi trends in 2022 Web3. Is the future of finance on the blockchain, we talk about Blockchain for decentralised identity - The art of the possible, that Solana token holders can now get betting rewards on Coinbase, and much more...
Tokener, enjoy a lot, as always, read, share, smile, and... ππ.
DeFi Trends In 2022 Web3. Is The Future Of Finance On The Blockchain?
Top trends in DeFi that will support the growth of Web3 in the next 5 to 10 years.
Many experts divide the Internet into three historical phases:
Web1 from the 1980s to 1990s
Web2 from the 2000s to 2010s
Web3 from now in the 2020s
Web3 stands out because it is getting better at storing data permanently in a decentralized way. That opens the door for a new generation of trustworthy applications built on blockchains and linked data, allowing users to control their data and choose to whom to share it.
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Blockchain for Decentralized Identity β The Art of the Possible
According to Liminal Strategy Partners4, the market opportunity for identity will grow from USD 32.8 billion in 2022 to USD 266.5 billion by 2027, at a CAGR of 68.9%. Furthermore, adoption by the public sector has a flywheel effect on the private sector. Enterprises that integrate identity credentials and adopt them across use cases will achieve efficiencies and build better experiences while implementing the principles of SSI (self-sovereign identity explained in the first blog). As a result, Financial Services, Digital Commerce, and the Public Sector are the largest markets in 2022. In addition, growth in travel (Covered in the twelfth blog) and healthcare (outlined in the fourteenth blog) also looks promising.
More π Medium
ERC-4626
The token standard to bring order to DeFi
by Jordi GuillamΓ³n from beToken Research
Dear Tokeners, we previously wrote a report on the main ERC token standards to keep an eye on. Recently we have discovered a revolutionary standard, the ERC-4626 standard. This token standard allows us to focus on developing integrations in a coordinated way and to scale DeFi in a much faster way. So let's take a look at what this new token standard has to offer. Let's go!
A little history of ERC-4626
Many existing projects use the ERC-20 token standard to represent ownership of an interest-bearing asset. For example, USDC deposits on the Compound lending platform return cUSDC, which is an ERC-20 token, which accrues interest continuously; the exchange rate between cUSDC/USDC changes over time.
This concept extends beyond lending platforms; for example, SUSHI tokens invested in the participation contract such as xSUSHI accrue fees from the protocol and redistribute them to participants. The xSUSHI/SUSHI exchange rate changes over time as well.
USDC deposited in Yearn Finance's USDC vault returns yvUSDC, and the yvUSDC/USDC exchange rate changes over time. Until today, there was no standard between loan, participation or performance farming vaults; protocols and farmers had to adhere to several different interfaces, hampering complexity and costs where each protocol implements its own adapters that are prone to errors and waste development resources. The ERC-4626 standard allows them to be standardised into a single interface that represents the actions of a single ERC-20 token.
Keep readingβ¦ ππ
Solana token holders can now earn staking rewards on Coinbase
U.S-based crypto exchange Coinbase users will now be able to stake their Solana token on the platform and earn rewards from doing so.
Coinbase made this known in a June 29 blog post stating that it was expanding its staking services to include Solana.
Staking services allow token holders to assign their tokens to a validator, which benefits in increased voting weight. While doing so, token holders earn a passive income which varies per blockchain.
Through exchanges like Coinbase, which provide staking services, users can bypass the difficulty associated with staking Solana individually. Therefore, this latest introduction will allow users to stake their Solana tokens bought on Coinbase or deposited from another wallet.
Follow βΆ Cryptoslate
βGray Glacierβ Upgrade Goes Live on Ethereum Network
Itβs another day, another upgrade for Ethereum as the worldβs largest smart contracts
platform has just rolled out a new major update.
Called βGray Glacier,β the upgrade occurred at block 15,050,000 on June 30 with the sole goal of introducing changes to the parameters of the networkβs difficulty bomb, pushing it back by 700,000 blocks, or roughly 100 days.
More π Decrypt
The Comprehensive Guide to Token Compensation
Designing token-based compensation is a hard problem, especially given token liquidity and the volatility in crypto markets. To date, the topic has been fraught with murky tax/legal implications, fragmented data, and no well-defined playbook. Moreover, many founders and hiring managers navigate this process using cumbersome spreadsheets and half-baked software that donβt fully tackle the thorny issues.
Our first article in this series covered frameworks for creating an effective hiring and token compensation plan, particularly for companies going through pre-token-launch planning. This article will explain how to benchmark, calculate, and operationalize individual token-based offers for employees once a companyβs token goes live.
Read more π Medium
Samsung and XOXO- A partnership setting new standards in the NFT world
If you thought cryptography and the NFT worlds are merely a passing trend only for geeks and millennials, you probably havenβt heard the latest news in the industry.
When a conglomerate joins NFTΒ
While most of the NFT projects offer their holders some standard, art-related utilities with their tokens, this project comes to provide something much bigger.
Samsung, one of the worldβs biggest corporations has recently partnered with the XOXO NFT project thatβs about to be launched on Thursday, June 30th.
In industry terms, this is considered an astonishing achievement for both the NFT community and the XOXO project itself.
More π Ambcrypto
NFT Marketplace Development-The Future of Digital Space
NFT marketplaces have been living out their desires in recent years. There are technological advancements and other evolutions day by day, and they are even part of those evolutions. One such advancement is Web 3.0. It provided a range of business opportunities for many ventures that included NFT marketplaces as well. Since its inception, the NFT market has grown from a few million dollars to a billion-dollar market in just a few years, and the spikes are still moving uptrends. This resulted in the evolution of many NFT marketplaces around the world.
The worldβs best marketplaces include Opensea, Rarible, SuperRare, etc. They have been considered the best in business and have been the trending ones in the crypto world.
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