This free report offers a comprehensive analysis of the intersection of AI and cryptocurrency, projecting a significant economic impact of up to $25.6 trillion due to AI advancements. It includes comparisons to traditional companies, market sizing, and emerging projects and details key AI infrastructure components like training data, storage, and workloads.
Any consumer crypto app is years away from adoption, so focus on the long-term viability of the product. Create a blend of purist and tourist, as too much of either is off-putting to specific user bases. Adhere deeply to the market culture and do research with real builders and users in the space. Ignore tribalism and emphasize the utility of your app above all else.
ArbitrumDAO faces crucial decisions with proposals for ARB staking, a new transaction ordering policy, and increasing the base gas fee. While staking could align incentives and boost voter participation, it might be less effective due to reduced surplus fees. The new ordering policy needs careful consideration regarding ETH collection versus ARB burning. Raising the gas fee could impact network competitiveness and user activity.
This post elaborates on the issues with the current Intellectual Property (IP) system and explains how Story Protocol aims to address these problems by using blockchain technology to create a more neutral, consensus-driven approach. The author discusses the limitations of traditional legal processes, emphasizing the need for innovative solutions in IP management. They detail how Story's dispute resolution mechanism and Proof of Creativity protocol work to provide a fairer system for creators.
CelerNetwork has issued a warning about potential DNS hijacking attacks targeting crypto websites.
Instead of competing with Ethereum as alt L1s, rollups chose to benefit from its existing liquidity and network effects, but created social fragmentation.
The SEC has concluded its investigation into stablecoin issuer Paxos, officially determining that Binance's BUSD stablecoin is not a security.
2024.07.12·links.tldrnewsletter.com·2 min read·TLDR Crypto The House of Representatives was unable to overturn Biden's veto of the SAB 121 crypto accounting bulletin.
2024.07.12·links.tldrnewsletter.com·3 min read·TLDR Crypto The German state of Saxony's government's offloading of Bitcoin seized from a movie piracy website continues, with an additional 1,127 BTC transferred to exchanges on Wednesday. This brings the total sell volume to over $340 million. The state still holds over $1 billion in confiscated BTC. It is expected to continue selling, despite some criticism from government officials.
Electric Capital's Crypto Market Map tracks over 1,500 significant crypto projects organized into six tech layers and 137 categories. The map, which shows the rapid growth and specialization of the industry since 2019, highlights core infrastructure, scaling, interoperability, developer tools, protocols, and applications. Despite its comprehensive scope, the map remains in beta. Electric Capital is inviting community contributions for further improvement.
This mechanism of selling block building and execution rights in advance is the latest development in enshrined proposer builder separation for Ethereum. In this model, builders purchase a proposal slot, with the final price dynamically determined by the amount of outstanding purchases. The payment is burned, similar to EIP-1559.
Defi Llama has added support for narrative tracking, giving analysts the average performance per category weighted by market capitalization.
Ethereum maintained its dominance among Layer 1 blockchains in the first half of 2024, while Solana saw a resurgence. Bitcoin enjoyed renewed interest due to Ordinals and Layer 2 solutions. Startups are increasingly focused on infrastructure, DeFi, payment, and AI x crypto products. There has been a noticeable geographic shift toward Asia and Africa due to regulatory challenges in the US.
Uniswap's Permit2 is a novel way to improve UX for ERC-20 token transfers. Instead of approving a transfer to an individual smart contract, users grant a central Permit2 contract transfer authority and then perform a signature-based approval to transfer to specific contracts.
The slot-to-ping (s2p) ratio is the ratio of the block production time to the time it takes for the block to reach other validators. A smaller s2p promotes centralization, as delays in block production times lead to higher returns by allowing producers to include more blocks. block-bits-per-slot-time against propagation/execution bandwidth must also be considered as it considers block data transfers instead of assuming it is always a tiny fraction of the slot time.
Vitalik Buterin is urging the Ethereum network to implement automated responses to potential 51% attacks to reduce the reliance on social consensus and improve the network's resilience. He also highlighted the importance of adopting light clients, ensuring quantum resistance, and simplifying protocols for enhanced security and usability.
A new proposal for the Arbitrum DAO that aims to enhance the predictability of its voting processes by establishing a regular schedule for posting proposals and incorporating a holiday break.
2024.07.11·forum.arbitrum.foundation·7 min read·TLDR Crypto The biggest issue facing NFTs today is not a lack of use cases but the need for better infrastructure, or "rails," to support them.
Bitcoin's security model is broken due to the diminishing effects of the halving on mining rewards and the network's present overpayment for security.
Blockchains provide objective, strict consensus, whereas AGI has more complex, subjective consensus and is therefore better than blockchain.
Bitcoin's recent price rebound above $57k was supported by record-high inflows into U.S. spot BTC ETFs of around $300M on July 8th, the highest since early June. Institutional investors seem to be using the price dip as a buying opportunity.
2024.07.10·links.tldrnewsletter.com·2 min read·TLDR Crypto PYUSD, which expanded to the Solana network in May, has surpassed $500M in market cap. The stablecoin's expansion to a mix of centralized and DeFi platforms has helped increase its supply from $270M to over $530M in 1 month.
dDocs, created by Fileverse, is a decentralized word processor that aims to be a better, more private version of Google Docs. It is end-to-end encrypted, has real-time collaboration, and stores data in decentralized storage solutions like IPFS. The app also has account abstraction, allowing users to log in with email while retaining the benefits of onchain security and composability.
Story allows creators to monetize their Intellectual Property (IP) in the age of artificial intelligence. It aims to transform the internet into an IP Legoland. The EVM-equivalent L1 hosts a Proof of Creativity Protocol that allows anyone to onramp their IP and set the conditions for using and monetizing it. Tokenized IPs can be offramped into a contract if disputed and brought into the real-world legal system. Use cases include creator-owned AIs that fans can access and monetize, IPs as collateral for other assets, and seamless introduction of IP into new applications.
Point systems have become increasingly important in the evolving Web3 landscape for incentivizing user engagement and loyalty, forming a crucial part of digital ecosystems through strategic reward mechanics. This guide talks through the structure and benefits of "pointenomics," deep diving into the practical applications, challenges, and future potential of point programs to improve user activation, retention, and overall project success.
This research explores 31 days' worth of Ethereum validator votes to help better understand how to penalize missed attestations dynamically and improve network health. It found that performance varies significantly between validators and that attestation inclusion delay is a critical factor. Timing games caused by MEV adversely impact attestation performance, and big blocks have fewer attestations due to the increased data transfer time.
The recent distribution $BLAST has lowered the "financial stakes" compared to earlier phases. BLAST has a fully diluted valuation (FDV) of $1.5B down from previous expectations over $8B. This means there will be more gold supply and less BLAST, effectively decreasing individual reward value unless BLAST appreciates significantly.
Polychain Capital has accused former general partner Niraj Pant of violating fund policies by secretly accepting "adviser" tokens valued at $13.3 million from portfolio company Eclipse Labs. Pant, who directed Polychain's investment in Eclipse, allegedly did not disclose this deal, which Polychain only discovered after his departure. This incident highlights the often opaque and contentious nature of token-based compensation in the crypto industry.
HappyChain is an OP Stack L2 with zero-friction onboarding and free-to-play games.
This marks the first transaction in the company's 1.1K MW development pipeline of exclusive energy capacity and furthers its strategy to increase capacity to about 1.3 GW for high-density computing like Bitcoin and AI.
Farcaster is like a massive playground where everyone can use their toys (data) in different games (social apps) with no rule-maker deciding what people do or how they play.
Bitcoin's price went back up to $57k after briefly dropping below $55k, triggering almost $160M in BTC liquidations amidst selling pressure from the German government and the Mt. Gox estate liquidations.
A draft of the Republican party platform included wording that promoted crypto in the United States. Specifically, it stated Republicans will end the regulatory crackdown, oppose a CBDC, and defend the right to mine and self-custody and the right to transact without government surveillance.
This paper discusses the concept of ticketing for managing slot allocation in blockchain consensus mechanisms. It proposes a Hybrid Ticketing Regime (HTR) that combines managed and unmanaged ticketing approaches to optimize performance and resilience in various network conditions. The detailed overview describes desired characteristics for ticketing schemes, explains the HTR's implementation, and presents a comparative analysis demonstrating superior adaptability and fault tolerance.
Solana's approach to minimizing MEV is to maximize competition between block producers, which involves having multiple leaders users can choose from for transaction inclusion. This post details the technical aspects of configuring several leaders, including block transmission, merging concurrent blocks, and managing transaction ordering. The proposal for multiple leaders aims to create a global permissionless price discovery engine competitive with CEXs.
This post provides a comprehensive token listing strategy advising founders on navigating the process of listing on centralized exchanges (CEX) that involves providing necessary documentation, negotiating with CEXs and market makers, community building, media strategies, and other miscellaneous preparations required to successfully launch and promote a token. The post emphasizes the importance of funding strategies, strong community engagement, having a strong media presence, and striking partnerships with venture arms of large exchanges to improve the likelihood of a successful listing and subsequent token performance.
23 out of the 31 tokens in this analysis are down since their airdrop launch date, with only four beating BTC. Users are almost always better off immediately selling and buying back later, as high fully diluted valuations mean investors must be confident in future demand to outpace token unlocks. The only potential takeaway from airdrop designs is that low valuation and a surprise factor might be the ideal approach.
Family is a self-custody crypto wallet for iOS that prioritizes simplicity, fluidity, and delight in its design. The app focuses on creating a welcoming and engaging user experience by gradually revealing features, ensuring smooth transitions, and incorporating delightful touches throughout every interaction. This post by the founder covers their approach to building Family.
Bitcoin's security model is unsustainable because it requires the cryptocurrency's value to double every four years or necessitate very high transaction fees, both of which are impractical. The reduction in the block reward every halving severely lowers miner incentives, leading to decreased security and potential vulnerability to attacks. Significant changes, such as increasing Bitcoin's supply or accepting extremely high fees, are needed.
WuBlockchain has identified twenty leading projects, including Monad, Aleo, and Magic Eden, which it expects to issue tokens in H2 '24.
DeBank has launched its XP airdrop, rewarding active on-chain addresses with assets greater than $0 and those active on DeBank in 2024. Participants can claim their initial XP and boost their rewards through referrals and completing quests.
Web3 founders and employees often gain liquidity within 3-5 years, unlike Web2 counterparts who typically wait 8-10 years.
Prediction markets and traditional polls both incorrectly predicted the French elections.
Messi's endorsement is tied to a presale project from the same creators as the dubious $BEER token, sparking concerns of potential market manipulation and scam tactics by insiders.
Celsius Network filed a lawsuit in New York against thousands of its users, especially those who withdrew their funds up to 90 days before the platform declared bankruptcy. The company is now looking to claw back the withdrawals at current market rates (far exceeding the amount at time of withdrawal).
A Harris Poll survey conducted for Grayscale reveals a growing interest in cryptocurrency among U.S. voters as the 2024 election approaches. Nearly one-third of American voters are now more inclined to invest in Bitcoin or other cryptocurrencies following the approval of a Bitcoin ETF. This shift is driven largely by macroeconomic factors like inflation, with many voters expecting or wanting to include crypto in their investment portfolios.
2024.07.08·links.tldrnewsletter.com·6 min read·TLDR Crypto The Grass ecosystem has open-sourced over 600 million Reddit posts and comments for public AI training, providing developers with unprecedented access to data and reducing entry barriers. The dataset, UpvoteWeb-24-600M, is anonymized and includes language detection and token counts. It is filtered for safe content.
Liquid restaking protocol Puffer has announced its plans for a based rollup. It will be sequenced by an L1 and use preconfirmations from Puffer's restaked validators. Puffer enables synchronous composability, allowing UniFi transactions to communicate with other based rollups directly. L2 contention fees return to ETH validators, and the unifiETH gas token generates native yield and enables gasless transactions.
LayerZero helps facilitate secure and efficient communication between different blockchains by using Ultra-Light Nodes, Oracles, and Relayers. This setup allows blockchains, which are otherwise "isolated like separate islands", to share information and resources smoothly, solving the problem of interoperability in the blockchain ecosystem.