⚡️ Decentralized Exchange Dexalot Starts a Hybrid DeFi Subnet
Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer 1 protocol Avalanche as a subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX. Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release. The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” the company said. This may reduce slippage in trade execution and will allow traders to have confidence without giving up custody of their assets, the company added. Slippage in this context refers to the difference between a trade’s expected price and the price at which the trade is executed. Slippage tends to happen when markets are volatile.
Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer 1 protocol Avalanche as a subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX. Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release. The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” the company said. This may reduce slippage in trade execution and will allow traders to have confidence without giving up custody of their assets, the company added. Slippage in this context refers to the difference between a trade’s expected price and the price at which the trade is executed. Slippage tends to happen when markets are volatile.
🪙 Uniswap DAO completes vote for proposed BNB deployment
Uniswap DAO has concluded the final vote that will be used to execute the proposed deployment of Uniswap v3 on the BNB Chain. The vote ended on Friday with 66% of DAO delegates in favor of the move, according to Tally voting page. Delegates with major voting power including Ethereum software company ConsenSys and Compound Finance founder Robert Leshner voted in favor of the proposal. Meanwhile, venture capital giant Andreessen Horowitz voted against the proposal, deploying 15 million votes in the process.
Uniswap DAO has concluded the final vote that will be used to execute the proposed deployment of Uniswap v3 on the BNB Chain. The vote ended on Friday with 66% of DAO delegates in favor of the move, according to Tally voting page. Delegates with major voting power including Ethereum software company ConsenSys and Compound Finance founder Robert Leshner voted in favor of the proposal. Meanwhile, venture capital giant Andreessen Horowitz voted against the proposal, deploying 15 million votes in the process.
Linkin Park has dropped a music video for Lost, featuring AI generated footage.
The video, directed by @pplpleasr and @maciejkuciara, uses an AI model that was trained on White Rabbit content to assist in giving footage of the band an anime feel.
The videos features their Web3 anime White Rabbit and an anime version of the late Chester Bennington.
The video, directed by @pplpleasr and @maciejkuciara, uses an AI model that was trained on White Rabbit content to assist in giving footage of the band an anime feel.
The videos features their Web3 anime White Rabbit and an anime version of the late Chester Bennington.
💰 SushiSwap Acquires Derivatives Trading Platform Vortex Protocol With Plan To Launch In Q2
SushiSwap reported that it had acquired Vortex Protocol for an undisclosed sum. The on-chain exchange will be a new product under the SushiSwap brand and be built on Sei Network, a blockchain employing Cosmos’ infrastructure, according to the Decrypt report. Unreleased decentralized derivatives exchange Vortex Protocol will provide customers with 10x margin trading on a range of assets. In Q2 2023, Sei Network, a brand-new Layer 1 blockchain that focuses exclusively on decentralized trading apps, and Sushi’s recently purchased Vortex Protocol will both go live on the mainnet. This is also part of SushiSwap’s plan announced in January, although it’s not the foundation that Sushi built in the first place. The on-chain trading platform will be a new product that will fall under the DEX brand.
SushiSwap reported that it had acquired Vortex Protocol for an undisclosed sum. The on-chain exchange will be a new product under the SushiSwap brand and be built on Sei Network, a blockchain employing Cosmos’ infrastructure, according to the Decrypt report. Unreleased decentralized derivatives exchange Vortex Protocol will provide customers with 10x margin trading on a range of assets. In Q2 2023, Sei Network, a brand-new Layer 1 blockchain that focuses exclusively on decentralized trading apps, and Sushi’s recently purchased Vortex Protocol will both go live on the mainnet. This is also part of SushiSwap’s plan announced in January, although it’s not the foundation that Sushi built in the first place. The on-chain trading platform will be a new product that will fall under the DEX brand.
🆘 550 BNB lost in contract exploit by decentralized exchange
Recently, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating away from the CoW Swap exchange. In a Twitter thread, the maximum extractable value (MEV) searcher sent a warning to the DEX and the users of the exchange about the vulnerability. A wallet address was reportedly added as a "solver" of CoW Swap by using a multisig, as stated by the company BlockSec, which audits smart contracts.
Recently, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating away from the CoW Swap exchange. In a Twitter thread, the maximum extractable value (MEV) searcher sent a warning to the DEX and the users of the exchange about the vulnerability. A wallet address was reportedly added as a "solver" of CoW Swap by using a multisig, as stated by the company BlockSec, which audits smart contracts.
David Guetta recently cloned Eminem’s voice using AI — and the results were epic.
It makes for an interesting topic of conversation around copyright regarding AI generated media.
Guetta clarified that he of course would not distribute the song commercially.
It makes for an interesting topic of conversation around copyright regarding AI generated media.
Guetta clarified that he of course would not distribute the song commercially.
📣 DEX Trading Activity Picks Up Steam as Markets Spurn Centralization
Decentralized exchange trading activity has begun to pick up steam, with some of the DEX sector’s biggest players booking a notable bump in trading volumes this week. Ethereum-based Uniswap was leading the pack toward the end of the work week in New York, hovering around the 50% mark of total DEX volume, equating to a week-over-week double-digit jump to around $12 billion, data from DeFiLlama shows. Its closest rival, PancakeSwap was holding steady around 8% via the same market cap metric — up about 20% since the week prior, clocking in around $2.1 billion. The DEX still leads on trader count on Binance’s BNB Chain. Notable DEXes Curve and SushiSwap have also seen significant increases in trading volumes, jumping 12% and 63% respectively, in the last seven days through early Friday morning in New York. Average increase for volumes across all DEXes popped 16% or so on the week.
Decentralized exchange trading activity has begun to pick up steam, with some of the DEX sector’s biggest players booking a notable bump in trading volumes this week. Ethereum-based Uniswap was leading the pack toward the end of the work week in New York, hovering around the 50% mark of total DEX volume, equating to a week-over-week double-digit jump to around $12 billion, data from DeFiLlama shows. Its closest rival, PancakeSwap was holding steady around 8% via the same market cap metric — up about 20% since the week prior, clocking in around $2.1 billion. The DEX still leads on trader count on Binance’s BNB Chain. Notable DEXes Curve and SushiSwap have also seen significant increases in trading volumes, jumping 12% and 63% respectively, in the last seven days through early Friday morning in New York. Average increase for volumes across all DEXes popped 16% or so on the week.
Scientists can now use WiFi to see people through walls. Researchers at Carnegie Mellon University have developed a way to map human bodies through walls using WiFi signals.
The Carnegie Mellon researchers wrote that they believe WiFi signals “can serve as a ubiquitous substitute” for normal RGB cameras, when it comes to “sensing” people in a room. Using WiFi, they wrote, overcomes obstacles like poor lighting and occlusion that regular camera lenses face.
The Carnegie Mellon researchers wrote that they believe WiFi signals “can serve as a ubiquitous substitute” for normal RGB cameras, when it comes to “sensing” people in a room. Using WiFi, they wrote, overcomes obstacles like poor lighting and occlusion that regular camera lenses face.
PancakeSwap Hosts First IFO on Aptos for BlueMove NFT Marketplace
PancakeSwap is hosting its first Initial Farm Offering event on the Aptos Network, as part of the launch of the BlueMove NFT marketplace's MOVE token. PancakeSwap is rolling out its suite of products on the Aptos Network, with its first Initial Farm Offering (IFO) set for Feb. 9. The IFO is intended to raise $400,000 for the BlueMove NFT marketplace through the sale of its MOVE governance token.From 12:00-14:00 UTC on Feb. 9, users who hold $CAKE on Aptos can participate in the sale, with 10 million $MOVE on the block for $0.04 apiece.Unlike IFOs on BNB Chain, participants in the BlueMove IFO are not required to stake or lock $CAKE -- they just have to hold $CAKE on Aptos and commit their tokens to the sale.
PancakeSwap is hosting its first Initial Farm Offering event on the Aptos Network, as part of the launch of the BlueMove NFT marketplace's MOVE token. PancakeSwap is rolling out its suite of products on the Aptos Network, with its first Initial Farm Offering (IFO) set for Feb. 9. The IFO is intended to raise $400,000 for the BlueMove NFT marketplace through the sale of its MOVE governance token.From 12:00-14:00 UTC on Feb. 9, users who hold $CAKE on Aptos can participate in the sale, with 10 million $MOVE on the block for $0.04 apiece.Unlike IFOs on BNB Chain, participants in the BlueMove IFO are not required to stake or lock $CAKE -- they just have to hold $CAKE on Aptos and commit their tokens to the sale.
Nokia uses the metaverse to connect remote breweries, train aircraft techs
From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the metaverse to aid workers in remote locations. Nokia, who many remember as a manufacturer of consumer mobile devices.
Last year, Nokia began collaborating with an Australian university to deliver a 5G-connected microbrewery using metaverse technology, noted Joyce. Using augmented reality (AR), researchers from a brewery tech lab at the University of Technology Sydney have been working alongside researchers from a twin facility at Dortmund University in Germany.Meanwhile, in South Australia, Joyce said Nokia that has been using the metaverse to potentially assist Cessna aircraft technicians at remote airports.
From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the metaverse to aid workers in remote locations. Nokia, who many remember as a manufacturer of consumer mobile devices.
Last year, Nokia began collaborating with an Australian university to deliver a 5G-connected microbrewery using metaverse technology, noted Joyce. Using augmented reality (AR), researchers from a brewery tech lab at the University of Technology Sydney have been working alongside researchers from a twin facility at Dortmund University in Germany.Meanwhile, in South Australia, Joyce said Nokia that has been using the metaverse to potentially assist Cessna aircraft technicians at remote airports.
Bigscreen has introduced the Beyond, a PC-only VR headset that the company claims to be the "world's smallest."
The device includes two 5K (5,120 x 2,560) 90Hz OLED displays.
The device has sacrificed a few things to get its size.
For example, instead of adjusting knobs and other controls to get an ideal fit, Bigscreen asks you to scan your face using an iPhone app to produce a custom-fitted Beyond design.
The device requires a fairly powerful computer, and does not ship with controllers.
Instead you need to buy a compatible controller separately, like the Vive and Valve's Index.
The Beyond is available to pre-order now for $999.
The device includes two 5K (5,120 x 2,560) 90Hz OLED displays.
The device has sacrificed a few things to get its size.
For example, instead of adjusting knobs and other controls to get an ideal fit, Bigscreen asks you to scan your face using an iPhone app to produce a custom-fitted Beyond design.
The device requires a fairly powerful computer, and does not ship with controllers.
Instead you need to buy a compatible controller separately, like the Vive and Valve's Index.
The Beyond is available to pre-order now for $999.
🚗 LAMBORGHINI HURACAN STO NFTS
Veve announced that it has teamed up with Lamborghini to release an NFT featuring the Huracán STO model with a range of rarity traits.
The NFT is set to be listed on Feb 19 and will allow collectors to showcase their NFT Lamborghini in the app's virtual showrooms and Veve social feeds and use AR to drive the car on the streets in the real world.
Veve announced that it has teamed up with Lamborghini to release an NFT featuring the Huracán STO model with a range of rarity traits.
The NFT is set to be listed on Feb 19 and will allow collectors to showcase their NFT Lamborghini in the app's virtual showrooms and Veve social feeds and use AR to drive the car on the streets in the real world.
💰 BITCOIN ORDINALS WALLETS ARE HERE
With now over 123,000 Ordinals inscriptions on Bitcoin, it may feel like this was long overdue but
Ordinals Wallet has arrived to help users receive, store, and view Ordinals. However, it shared that transferring, sending, inscribing, and buying and selling features are coming soon.
Just before the release of Ordinals Wallet, Xverse Wallet, and Hiro Wallet both preceded and were released a few days earlier as well.
With now over 123,000 Ordinals inscriptions on Bitcoin, it may feel like this was long overdue but
Ordinals Wallet has arrived to help users receive, store, and view Ordinals. However, it shared that transferring, sending, inscribing, and buying and selling features are coming soon.
Just before the release of Ordinals Wallet, Xverse Wallet, and Hiro Wallet both preceded and were released a few days earlier as well.
📣 Microsoft dumps Metaverse for ChatGPT
According to an internal report, Microsoft closed the Industrial Metaverse team. The funny thing is that this team was only active for just four months. The company also fired all 100 of its staff, including its two early pioneers. The next day, there were reports that Microsoft is firing workers from its Xbox team. In a message to all staff at the start of this year, Microsoft President Satya Nadella confirmed the layoff of 10,000 workers or 4.5% of the company’s workforce. Since then, there have been rumours that this round of cutbacks may target the Metaverse divisions that are pertinent. Soon after, Microsoft revealed the shutdown of AltspaceVR, a virtual reality social network it had bought in 2017. The company also dissolved all associated teams.
According to an internal report, Microsoft closed the Industrial Metaverse team. The funny thing is that this team was only active for just four months. The company also fired all 100 of its staff, including its two early pioneers. The next day, there were reports that Microsoft is firing workers from its Xbox team. In a message to all staff at the start of this year, Microsoft President Satya Nadella confirmed the layoff of 10,000 workers or 4.5% of the company’s workforce. Since then, there have been rumours that this round of cutbacks may target the Metaverse divisions that are pertinent. Soon after, Microsoft revealed the shutdown of AltspaceVR, a virtual reality social network it had bought in 2017. The company also dissolved all associated teams.