💰 Uniswap v3 Launches TWAP Oracles On Ethereum’s Proof-of-Stake
Uniswap unveiled an innovation to bring scalability and solution to protocols. The new tool dubbed TWAP Oracles is an algorithm that provides information regarding the price of an asset. This is for developers who encounter setbacks when developing smart contracts fused with a Decentralized Finance (DeFi) protocol on Ethereum. The launch of Uniswap v2 was geared towards empowering mainnet builders to design decentralized on-chain TWAP Oracles, free from internal or external manipulation. Uniswap v3 extended included this with additional gas capabilities within TWAP Oracles.
Uniswap unveiled an innovation to bring scalability and solution to protocols. The new tool dubbed TWAP Oracles is an algorithm that provides information regarding the price of an asset. This is for developers who encounter setbacks when developing smart contracts fused with a Decentralized Finance (DeFi) protocol on Ethereum. The launch of Uniswap v2 was geared towards empowering mainnet builders to design decentralized on-chain TWAP Oracles, free from internal or external manipulation. Uniswap v3 extended included this with additional gas capabilities within TWAP Oracles.
Twitter Reveals 'NFT Tweet Tiles' in Order to 'Impact' the Social Media Experience
According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared. The new NFT concept is expected to drop soon, in order to “impact the Tweet experience,” Twitter developers explained on Oct. 27.
After Elon Musk officially took over Twitter, the social media’s development team tweeted that the firm aims to drop a feature called NFT Tweet Tiles soon. “Now testing: NFT Tweet Tiles,” the account twitterdev tweeted. “Some links to NFTs on [Rarible], [Magic Eden], [Dapper Labs], and [Jump.trade] will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience.”
According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared. The new NFT concept is expected to drop soon, in order to “impact the Tweet experience,” Twitter developers explained on Oct. 27.
After Elon Musk officially took over Twitter, the social media’s development team tweeted that the firm aims to drop a feature called NFT Tweet Tiles soon. “Now testing: NFT Tweet Tiles,” the account twitterdev tweeted. “Some links to NFTs on [Rarible], [Magic Eden], [Dapper Labs], and [Jump.trade] will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience.”
📣 Kyberswap Adds New Multichain Integration
The future is multichain. We’ve said that here a jillion times by now. But it’s true. Interoperability is here to stay. And one of the best Dexes for moving between chains, Kyberswap is even more multichain now. Kyberswap is adding its integration with Multichain. Multichain, which was Anyswap, has more than 2000 bridges across 69 chains. And now Kyberswap’s DEX will be available to swap or bridge assets across all of these chains. Kyberswap’s goal is to be the only DEX you need regardless of which chains you prefer to use. Bridges can be difficult to use at times and are often considered a soft spot in security making them a target for hackers.
The future is multichain. We’ve said that here a jillion times by now. But it’s true. Interoperability is here to stay. And one of the best Dexes for moving between chains, Kyberswap is even more multichain now. Kyberswap is adding its integration with Multichain. Multichain, which was Anyswap, has more than 2000 bridges across 69 chains. And now Kyberswap’s DEX will be available to swap or bridge assets across all of these chains. Kyberswap’s goal is to be the only DEX you need regardless of which chains you prefer to use. Bridges can be difficult to use at times and are often considered a soft spot in security making them a target for hackers.
The Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales
While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five NFT marketplaces by 79%.
While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five NFT marketplaces by 79%.
🚨 Over 95% of tokens launched on Uniswap are scams – Research
About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .”. The study undertaken by Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its lack of regulation makes it easy for scammers to list non-valuable tokens on the platform. The study examined 27,588 tokens, of which 631 were deemed non-malicious, and 26,957 were deemed malicious. A total of 24,870 of the malicious are fast rug pulls, while 2,087 are not LP Burns.
About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .”. The study undertaken by Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its lack of regulation makes it easy for scammers to list non-valuable tokens on the platform. The study examined 27,588 tokens, of which 631 were deemed non-malicious, and 26,957 were deemed malicious. A total of 24,870 of the malicious are fast rug pulls, while 2,087 are not LP Burns.
Award-winning Metaverse pax world steps up economic development with launch of utility Token Paxw.
The award-winning metaverse pax.world announces the launch of its token $PAXW – a native token used to expand its rapidly developing ecosystem. Pax.world is a 3D world offering immersive, life-like experiences, including highly detailed business centres where real-life organisations can hold events, meetings, and AMAs.
The metaverse will also feature inspired designs from world-class architecture firms such as Grimshaw, which Pax.world commissioned to create one of four ‘metaserais’ – central gathering places for its citizens of pax.world. The $PAXW token, which runs on the carbon-neutral Polygon (MATIC) blockchain, will power the experience of pax.world citizens – rewarding them for in-world achievements.
The award-winning metaverse pax.world announces the launch of its token $PAXW – a native token used to expand its rapidly developing ecosystem. Pax.world is a 3D world offering immersive, life-like experiences, including highly detailed business centres where real-life organisations can hold events, meetings, and AMAs.
The metaverse will also feature inspired designs from world-class architecture firms such as Grimshaw, which Pax.world commissioned to create one of four ‘metaserais’ – central gathering places for its citizens of pax.world. The $PAXW token, which runs on the carbon-neutral Polygon (MATIC) blockchain, will power the experience of pax.world citizens – rewarding them for in-world achievements.
📣 Polkadex has released the Polkadex Orderbook decentralized exchange
Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based decentralized exchange (DEX) is set to be a game-changer for digital asset trading and DeFi. DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the automated market maker (AMM) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, frontrunning, low interoperability, and limited functionality. While it may be riskier due to potential hacks and data breaches, many crypto traders still prefer to use the advanced trading features of centralized exchanges (CEXs), which are cheaper to use and offer high levels of functionality and interoperability.
Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based decentralized exchange (DEX) is set to be a game-changer for digital asset trading and DeFi. DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the automated market maker (AMM) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, frontrunning, low interoperability, and limited functionality. While it may be riskier due to potential hacks and data breaches, many crypto traders still prefer to use the advanced trading features of centralized exchanges (CEXs), which are cheaper to use and offer high levels of functionality and interoperability.
Goblin Sax DAO to offer instant NFT-backed loans
Goblin Sax, a decentralized autonomous organization for NFT finance, is launching an instant loans service. It acquired instant loans app Fluid, which it will rebrand as Goblin Lend, to build out the product alongside its already existing peer-to-peer NFT lending service.
Formerly known as Gringotts DAO, Goblin Sax is one of several NFT loan platforms that have popped up over the last year that targets NFT holders looking to unlock liquidity without selling their nonfungible tokens. Among them, South African company NFTfi raised a $5 million seed round late last year. In November, it issued a loan for $1.4 million over 30 days at 9.69% APR. The collateral was a rare NFT from the generative art collation Autoglyphs.
Goblin Sax, a decentralized autonomous organization for NFT finance, is launching an instant loans service. It acquired instant loans app Fluid, which it will rebrand as Goblin Lend, to build out the product alongside its already existing peer-to-peer NFT lending service.
Formerly known as Gringotts DAO, Goblin Sax is one of several NFT loan platforms that have popped up over the last year that targets NFT holders looking to unlock liquidity without selling their nonfungible tokens. Among them, South African company NFTfi raised a $5 million seed round late last year. In November, it issued a loan for $1.4 million over 30 days at 9.69% APR. The collateral was a rare NFT from the generative art collation Autoglyphs.
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⚡️ Uniswap Price Could Skyrocket While PancakeSwap Price Collapses
The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line. The Uniswap price had fallen below a descending resistance line since reaching a high of $9.83 on July 28. The downward movement led to a low of $5.14 on Sept. 21. Initially, it seemed that the low caused a breakdown from the $5.75 horizontal support area (green circle). However, the UNI price reclaimed the area shortly afterward and validated it as support on Oct. 13. This created a long lower wick (green icon) and was the catalyst for the ongoing upward movement.
The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line. The Uniswap price had fallen below a descending resistance line since reaching a high of $9.83 on July 28. The downward movement led to a low of $5.14 on Sept. 21. Initially, it seemed that the low caused a breakdown from the $5.75 horizontal support area (green circle). However, the UNI price reclaimed the area shortly afterward and validated it as support on Oct. 13. This created a long lower wick (green icon) and was the catalyst for the ongoing upward movement.
Satoshi Island: Citizenship NFTs are Being Flipped on Secondary NFT Markets
Satoshi Island could soon be a functioning community, thanks to NFTs currently being minted. NFT citizenships are already being bought and sold on secondary NFT marketplaces. And they definitely have some interesting benefits. Property developer Anthony Welch and his partner, Theresa, have lived on a 300-hectare island home for the past ten years.
Currently called Lataro Island, it is being transformed into Satoshi Island. While it is mostly virgin rainforest, the plan is to make it into a sustainable smart city, with apartments and offices. Welch told international media that they are trying to build a genuine community. “We’re not trying to develop and make a profit.”.Welch said that his business partners saw his island advertised for sale. He then withdrew it from the market to collaborate with his new partners.
Satoshi Island could soon be a functioning community, thanks to NFTs currently being minted. NFT citizenships are already being bought and sold on secondary NFT marketplaces. And they definitely have some interesting benefits. Property developer Anthony Welch and his partner, Theresa, have lived on a 300-hectare island home for the past ten years.
Currently called Lataro Island, it is being transformed into Satoshi Island. While it is mostly virgin rainforest, the plan is to make it into a sustainable smart city, with apartments and offices. Welch told international media that they are trying to build a genuine community. “We’re not trying to develop and make a profit.”.Welch said that his business partners saw his island advertised for sale. He then withdrew it from the market to collaborate with his new partners.
📣 dYdX introduces proposal for autonomous subDAO-based infrastructure
The decentralized autonomous organization attached to the dYdX derivatives protocol could see the formation of a number of autonomous subDAOs with infrastructure changes, the foundation proposed in an announcement. To advance the suggested initiative, dYdX community members must vote to form the subDAO and decide on resource allocation to accommodate the associated costs. The prospective roadmap comes in anticipation of the launch of dYdX V4, slated for the third quarter of 2023, and builds on the organization’s previous steps toward fully decentralizing the protocol, the foundation said
The decentralized autonomous organization attached to the dYdX derivatives protocol could see the formation of a number of autonomous subDAOs with infrastructure changes, the foundation proposed in an announcement. To advance the suggested initiative, dYdX community members must vote to form the subDAO and decide on resource allocation to accommodate the associated costs. The prospective roadmap comes in anticipation of the launch of dYdX V4, slated for the third quarter of 2023, and builds on the organization’s previous steps toward fully decentralizing the protocol, the foundation said
Instagram to support Polygon-powered NFT marketplace
The features are live with a small group of creators in the U.S. and will be expanded to other countries soon. Support is also live for Solana’s Phantom wallet, Meta said, adding that information for collections from OpenSea can now be viewed on the platform.
A creator economy potentially worth $100 billion cannot be realized without a digital economy with greater portability than today’s web services, Stephane Kasriel, Meta’s commerce fintech and web3 lead, said in a blog post. Meta’s ongoing strategy is to help creators earn a living, and the company won’t charge fees in its digital collectible marketplace until 2024 and will cover any blockchain-related gas costs.
The features are live with a small group of creators in the U.S. and will be expanded to other countries soon. Support is also live for Solana’s Phantom wallet, Meta said, adding that information for collections from OpenSea can now be viewed on the platform.
A creator economy potentially worth $100 billion cannot be realized without a digital economy with greater portability than today’s web services, Stephane Kasriel, Meta’s commerce fintech and web3 lead, said in a blog post. Meta’s ongoing strategy is to help creators earn a living, and the company won’t charge fees in its digital collectible marketplace until 2024 and will cover any blockchain-related gas costs.
🚨 Decentralized Exchange Rubic Loses $1,000,000 in Exploit Involving Private Keys
Multi-Chain swaps protocol and decentralized exchange (DEX) Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator's wallet. During morning hours in Asia, the project developers revealed that one of their admin’s wallet addresses that managed the RBC/BRBC bridge and staking rewards was compromised. "We suspect it was malicious software that was used to get access to the admin wallet's private keys," they added. RBC is the native token of Rubic and BRBC is a wrapped version of the token. BTBC was created to allow users to trade in the BSC network, providing decreased overall fees and increasing the opportunity for more users to use Rubic’s token.
Multi-Chain swaps protocol and decentralized exchange (DEX) Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator's wallet. During morning hours in Asia, the project developers revealed that one of their admin’s wallet addresses that managed the RBC/BRBC bridge and staking rewards was compromised. "We suspect it was malicious software that was used to get access to the admin wallet's private keys," they added. RBC is the native token of Rubic and BRBC is a wrapped version of the token. BTBC was created to allow users to trade in the BSC network, providing decreased overall fees and increasing the opportunity for more users to use Rubic’s token.
Boson Protocol revamps redeemable NFT marketplace
Boson Protocol launched a revamped version of its NFT platform that allows people to sell real items — in the form of nonfungible tokens — that can be burned and redeemed for the actual product within a certain time period, it announced at NFT.London. The idea is that buyers can then trade, gift and transfer these NFTs without actually ever possessing the physical item.
The platform will be geared towards luxury goods."We've got a number of projects where they're tokenizing luxury wine and luxury whiskey," explained co-founder Justin Banon. Banon also sees NFTs as a way to bundle together different products, including digital twins — real-life items that have a twin in the metaverse.
Boson Protocol launched a revamped version of its NFT platform that allows people to sell real items — in the form of nonfungible tokens — that can be burned and redeemed for the actual product within a certain time period, it announced at NFT.London. The idea is that buyers can then trade, gift and transfer these NFTs without actually ever possessing the physical item.
The platform will be geared towards luxury goods."We've got a number of projects where they're tokenizing luxury wine and luxury whiskey," explained co-founder Justin Banon. Banon also sees NFTs as a way to bundle together different products, including digital twins — real-life items that have a twin in the metaverse.
⚡️ DeFi Industry Facing Serious Problem Tied to Uniswap and Network in General
The decline of the DeFi industry is not a secret to anyone as the industry has been going down since the end of 2021, with the demand for risk and decentralized assets in general going down since the beginning of the rate hike cycle. According to an on-chain researcher, the amount of capital on chain looking for yield is extremely high, which results in almost every opportunity yielding negative risk premiums that Uniswap's pools cannot withstand.As market data shows, there are over $70 billion worth of stablecoins on the Ethereum network that need productive use cases. Unfortunately, DeFi in its state today cannot offer investors what they actually need.
The decline of the DeFi industry is not a secret to anyone as the industry has been going down since the end of 2021, with the demand for risk and decentralized assets in general going down since the beginning of the rate hike cycle. According to an on-chain researcher, the amount of capital on chain looking for yield is extremely high, which results in almost every opportunity yielding negative risk premiums that Uniswap's pools cannot withstand.As market data shows, there are over $70 billion worth of stablecoins on the Ethereum network that need productive use cases. Unfortunately, DeFi in its state today cannot offer investors what they actually need.
Twitter and OpenSea deal adrift, Magic Eden emerges as key NFT partner
Twitter debuted its Tweet Tiles NFT pilot program last week, the roster of partners included a who’s who of NFT marketplaces: Magic Eden, Rarible, Dapper Labs and Jump.trade. OpenSea, considered by many the dominant platform, was noticeably absent. Twitter also include a click-through button to help interested parties.
Although OpenSea and Twitter discussed working together on the social media company’s new program, the two sides could not agree on terms, according to a person familiar with the matter. That impasse between OpenSea and Elon Musk's newly acquired company has paved the way for Magic Eden to emerge as perhaps the most significant marketplace partnering with Twitter. A few months ago, Magic Eden overtook OpenSea to become the largest marketplace by number of monthly transactions.
Twitter debuted its Tweet Tiles NFT pilot program last week, the roster of partners included a who’s who of NFT marketplaces: Magic Eden, Rarible, Dapper Labs and Jump.trade. OpenSea, considered by many the dominant platform, was noticeably absent. Twitter also include a click-through button to help interested parties.
Although OpenSea and Twitter discussed working together on the social media company’s new program, the two sides could not agree on terms, according to a person familiar with the matter. That impasse between OpenSea and Elon Musk's newly acquired company has paved the way for Magic Eden to emerge as perhaps the most significant marketplace partnering with Twitter. A few months ago, Magic Eden overtook OpenSea to become the largest marketplace by number of monthly transactions.
📣 dYdX Foundation Announces Former ConsenSys Senior Exec Charles d’Haussy as CEO
The dYdX Foundation, an independent non-profit foundation of decentralised exchange dYdX, headquartered in Switzerland, announced on Monday the appointment of Charles d’Haussy as its new CEO. Charles d’Haussy joins dYdX Foundation from ConsenSys, where he set up the Hong Kong office and led the decentralized software protocols company’s APAC growth efforts and global business development. Prior to ConsenSys, d’Haussy co-wrote a book about Hong Kong’s blockchain entrepreneurs. He also has experience as a Fintech startup executive, and the Head of Fintech with the Hong Kong government, where he served 450 international FinTech companies and steered the growth of the HK FinTech Week, reaching over 10,000 global attendees.
The dYdX Foundation, an independent non-profit foundation of decentralised exchange dYdX, headquartered in Switzerland, announced on Monday the appointment of Charles d’Haussy as its new CEO. Charles d’Haussy joins dYdX Foundation from ConsenSys, where he set up the Hong Kong office and led the decentralized software protocols company’s APAC growth efforts and global business development. Prior to ConsenSys, d’Haussy co-wrote a book about Hong Kong’s blockchain entrepreneurs. He also has experience as a Fintech startup executive, and the Head of Fintech with the Hong Kong government, where he served 450 international FinTech companies and steered the growth of the HK FinTech Week, reaching over 10,000 global attendees.
Meta Prepares Large-Scale Layoffs as Metaverse Interest Cools Off
Facebook parent company Meta is planning to shed a large portion lot of staff beginning this week. It’s the latest tech giant to lay off employees, following Twitter last week. Meta added more than 27,000 employees in 2020 and 2021 combined. Now that some semblance of normality is returning.
On Nov. 6, the WSJ cited people familiar with the matter, reporting several thousand employees could be affected. Meta is expected to make an official announcement this week, it added. The earnings report came as a sting for Meta. It reported a painful 52% drop in net income, to $4.4 billion from $9.2 billion last year. Expenses soared, especially for its Metaverse division, Reality Labs. The firm’s virtual and augmented reality projects posted a $3.7 billion operating loss for the period.
Facebook parent company Meta is planning to shed a large portion lot of staff beginning this week. It’s the latest tech giant to lay off employees, following Twitter last week. Meta added more than 27,000 employees in 2020 and 2021 combined. Now that some semblance of normality is returning.
On Nov. 6, the WSJ cited people familiar with the matter, reporting several thousand employees could be affected. Meta is expected to make an official announcement this week, it added. The earnings report came as a sting for Meta. It reported a painful 52% drop in net income, to $4.4 billion from $9.2 billion last year. Expenses soared, especially for its Metaverse division, Reality Labs. The firm’s virtual and augmented reality projects posted a $3.7 billion operating loss for the period.
📣 MarginX, World's First Community-Based Decentralized Exchange, Launches on Function X Blockchain
MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency. During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated numbers found on the Function X StarScan.
MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency. During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated numbers found on the Function X StarScan.