Web3 Weekly Pulse: 10 - 17 Apr 2023
Stay informed with Web3 Weekly Pulse, the Newsletter brings the hottest news from Industrial Signals, and Web3 Infrastructure to the Ecosystem Digest
1️⃣ On 13th April Canon USA, the American arm of the global camera and imaging leader, revealed plans to introduce an exclusive Ethereum-based NFT marketplace for photography later this year. This move marks Canon's continued foray into the realm of Web3, following a successful NFT drop in 2022.
Andrew Hayward
2️⃣ BTG Pactual, a prominent investment bank in Brazil, has introduced the BTG Dol stablecoin, which is an asset backed by the US dollar, on the Polygon blockchain network.
Mat Di Salvo
3️⃣ On April 13th, the renowned brand Adidas launched its highly-anticipated ALTS Dynamic NFT collection. What sets these NFTs apart is their dynamic nature, as they have the ability to change and evolve based on user activity. It's a truly innovative concept that adds a new dimension to digital art ownership.
Adidas is probably becoming the best web2 brand in web3 💎
— Flayz (@_Flayzzz) April 16, 2023
Explanations 🧵
1/16 pic.twitter.com/yUzCM7PEjn
4️⃣ a16z has recently published its latest State of Crypto report, along with a new index that highlights stable product development in a market notorious for its unpredictable price fluctuations. These valuable resources provide insights and analysis on the current state of the cryptocurrency industry, offering valuable information for investors, experts, and enthusiasts alike.
Frank Chaparro
1️⃣ On April 10th, Valentin Madrid, a Solana blockchain developer, proposed switching from Ed25519 to Curve25519 as the encryption standard for Solana key pairs. Curve25519 is widely used for key exchange, while Ed25519 is commonly used for digital signatures. The proposal aims to enhance data privacy protection but acknowledges potential vulnerabilities. Further discussions and evaluations will determine Solana's encryption standards moving forward.
valentin
️2️⃣ On April 14th, Uniswap DAO passed a proposal to deploy Uniswap v3 on Polygon zkEVM, a ZK-Rollup solution for Ethereum. Uniswap v3 is already available on various chains, including Ethereum, Celo, and Binance Smart Chain. This expands its availability and offers more flexibility for users. The decision reflects DeFi's efforts to address transaction fees and network congestion while maintaining interoperability with Ethereum.
3️⃣ Biconomy has recently launched the Account Abstraction (AA) SDK on Ethereum, Polygon, ZkEVM, and BNBCHAIN, with more chains to come soon. This full-stack AA SDK allows developers to easily deploy gas-efficient, 4337-compliant smart contract accounts, set up verifying paymasters on the mainnet, and start sending UserOps to bundlers via the SDK.
Ethereum
On April 13th, Ethereum successfully implemented the Shapella upgrade at block height 6209536, and the functionality for validator withdrawals has now been activated. - link
Avalanche
Qredo has established a strategic partnership with Avalanche Spruce Testnet, wherein Qredo will serve as a key partner. This collaborative effort, in conjunction with Avalanche, aims to leverage the advantages of on-chain trade execution and settlement for a wide range of applications and digital assets. - link
Solana
Solana Foundation made an announcement on April 15th regarding the introduction of convertible grants and investments to extend support to the Solana ecosystem. Traditionally, grants have been the primary mechanism for supporting open-source non-commercial projects. However, the foundation is now expanding its support to also include providing public goods for closed-source projects within the ecosystem. - link
BNB Chain
On April 10, 2023, BNB Greenfield launched its inaugural test network called "Congo". This test network offers opportunities for developers to participate as validators, storage providers (SPs), and dApp builders. The role of the storage provider (SP) involves collaborating with the test network's verification nodes to offer comprehensive storage services. - link
Sui
Sui has recently released updates to its branding and website, introducing new ways to help developers build beyond the boundaries of what's possible. - link
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