Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

APECOIN DAO CHOOSES ARBITRUM TO HOST APECHAIN

The DAO behind ApeCoin has voted to build its gaming-focused ApeChain on Arbitrum, a popular Ethereum scaling solution. The decision has led to a modest rally in APE's price, a slight reversal from the fairly consistent decline it has had since its launch two years ago. However, the decision sparked controversy as the top voter was Horizen Labs, the team that developed the staking mechanism for APE coin that disappointed many in the community. Horizen was also the author of the proposal and would be working on ApeChain, so some community members are accusing them of self-dealing.

GUIDE TO EARLY ORDINALS COLLECTIONS

This thread discusses the debate over the first-ever Ordinals Collection - BitcoinShrooms, OrdinalPunks, or OrdRocks. The debate hinges on how you would define a collection - whether the collection needs to be grouped together by inscription numbers and whether it needs to be a profile picture collection or not. BitcoinShrooms was staggered in its inscriptions, with a group of them starting at inscription #19. OrdinalPunks is credited as the first PFP collection. OrdRocks has the lowest overall inscription numbers.

HOW TO BRIBE

This thread articulates a strategy to effectively use sniping bots by ‘bribing’ to get your trades to be executed first. Key elements of this method include selecting the right sniping bot, correctly setting up features, and determining the optimal incentive to increase the chances of getting the first trade. It isn’t just enough to know how much to bribe - traders also need to try to get a good idea of what the demand for the token will be to see if it is even worth paying the bribe.

MOONBIRDS IS JOINING BORED APE’S NFT EMPIRE, BUT CAN YUGA LABS CONQUER ITS GROWING PAINS?

Yuga Labs, the team behind the Bored Ape Yacht Club, has announced the acquisition of Proof, the NFT company behind the Proof Collective and Moonbirds. Proof has faced significant challenges over the past year and a half after a booming start. The Moonbirds assets will be integrated into Yuga's gaming universe, with potential for IP rights transfers to holders. The deal was met with polarized opinions. Many in the BAYC community have been disappointed with the team throughout the bear market.

TLDR IndexPage 6