Weekly Web3 Roundup
July 24, 2022

Weekly Web3 Roundup

  • OpenSea’s smart contracts used the most gas in the Ethereum network last week, with OpenSea’s Seaport smart contract burning 8.64K ETH. 
  • Based on last week’s data, the electrical cost of mining bitcoin is estimated to range between $13k to $16k, highly profitability issues.
  • The total market cap recaptured $1 Trillion last week.
  • Solana’s new daily address growth outpaces other blockchains, with active wallets up 58% since the start of the year.


crypto macro

🟣 Tracking Celsius

🟣 Tracking 3AC


🟣 Yuga Labs gives first look at Otherside metaverse

  • Last week, Yuga Labs opened up their Otherside metaverse for 4300 players for a first look demo.
  • The metaverse will open up to Otherdeed land holders only in its first phase.

🟣 ERC721i - A New NFT standard

  • Charged Particles have released a new token standard for NFTs, called ERC721i.
  • The new token standard allows creators to pre-mint their projects for a very low cost, allowing them to interact with their NFTs on-chain before releasing them to the public.
  • ERC721i NFTs can hold other NFTs and fungible tokens inside them.
  • ERC721i affords creators the ability to let people choose which NFT to buy, rather than getting a random one at mint.
  • The new standard does not impact the cost of purchase for first time buyers, minting is simply replaced by transferring.

🟣 Snapchat begins testing NFTs on their platform

  • NFTs will be able to be turned into AR lenses, superimposed into real-world backgrounds.
  • An initial release to a test group is expected in August.

🟣 ENS collector buys Sony.eth for $72,000

  • ENS domains are a type of NFT, and a human-readable crypto address.
  • The collector, Sunnybae, also owns coke.eth and ipad.eth.
crypto gaming

🔵 Minecraft's developer bans NFT integrations

  • Mojang studios, the developer of Minecraft, announced that it will exclude the integration of NFTs and blockchain technology.

🟢 Dubai reveals metaverse strategy

  • Following in Shanghai’s footsteps, Dubai has become the second city in two weeks to reveal a metaverse strategy.
  • The strategy aims to attract 1000 blockchain and metaverse companies to the city and support over 40,000 jobs by 2030.

🟢 Web3 platforms form the Open Metaverse Alliance

  • The organization was established by Alien Worlds, Animoca Brands, Dapper Labs, Space, Superworlds, The Sandbox, Upland and Voxels.
  • They will form a DAO aiming to be “transparent and user-centric.”
crypto business

🟡 Christie’s launch venture fund

  • The well-known British art and luxury business will invest in businesses that ‘enable seamless art consumption’.

🟡 Polygon launches zkEVM

  • Polygon has launched the first roll up with EVM-equivalence.
  • EVM-equivalence differs from the more well known EVM compatibility in that it is significantly easier to deploy a dApp on an EVM-equivalent chain than an EVM-compatible chain. 
  • A dApp which exists on Ethereum’s mainnet can port over to an EVM-equivalent chain with no changes to the underlying code.

🟡 Blockchain.com lets go of 25% of its workforce

  • The cryptocurrency exchange is reducing its workforce by 150 people amid poor market conditions.

🟡 ZkSync announces mainnet launch in 100 days

  • The Ethereum based layer 2 solution aspires to be the first zk proof-based scaling solution for EVM smart contracts available in a live production environment upon its mainnet launch.

🟡 Zipmex suspends withdrawals

  • The crypto exchange is following in Celsius’s  footsteps, citing market volatility.

🟡 UK Financial Services and Markets Bill outlines rules for stablecoins

  • The new rules bring stablecoins under UK payments regulation.

🟡 Gemini lays off employees, again

  • Gemini is laying off 68 employees.
  • The exchange already laid off 10% of its employees in June.

🟡 Curve founder hints at stablecoin

  • The curve founder hinted at an over-collateralized stablecoin at the online crypto conference, Redefine Tomorrow 2022.

🟡 Former Coinbase employee arrested on insider trading charges

  • Ishan Wahi repeatedly tipped his brother Nikhil Wahi and friend Sameer Ramani on new coin listings.
  • The two profited at least $1.5 million in illegal trades.

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The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

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