Web3 Weekly Pulse: 21st - 27th August
Stay informed with Web3 Weekly Pulse, the Newsletter brings the hottest news from Industrial Signals, and Web3 Infrastructure to the Ecosystem Digest.
🌟 Greetings, Web3 explorers! 🌟
Welcome back to another exhilarating edition of Web3 Weekly Pulse! We're thrilled to have you aboard as we embark on a captivating journey through the enchanting world of Web3 wonders! 🚀
Buckle up for an exciting whirlwind of the latest trends, mind-boggling infrastructure updates, and a galaxy of fantastic events unfolding in this dynamic ecosystem! 🌌😍
Whether you're sipping your favorite drink or snuggled up in a cozy nook, brace yourself for an action-packed escapade, because we're diving right in! 🎉🚀
1️⃣ On August 25, the Hong Kong Monetary Authority (HKMA) unveiled a report presenting the outcomes of its Project Evergreen. This study delved into the effects of bond tokenization on the market. The comprehensive 24-page document outlined various use cases, advantages, and encountered challenges. The study's final assessment emphasized that tokenization offers enhancements for the bond market, marking a significant positive development.
Savannah Fortis
2️⃣ Aptos, in collaboration with Lotte Group - the largest retail conglomerate in Korea - has initiated a partnership centered around Pink Bear NFTs, with the aim of propelling the expansion of the Web3 ecosystem. This collaborative endeavor signifies a strategic move to leverage the growing potential of non-fungible tokens (NFTs) to further advance the Web3 landscape.
3️⃣ The emerging firm, Nothing Phone, supported by Polygon (MATIC), is gearing up for the launch of its upgraded operating system, Nothing OS 2.0. This forthcoming update targets the blockchain-enabled mobile device, Nothing Phone. The unveiling of this announcement has garnered notable attention within the technological sphere, as it proposes to introduce cutting-edge features based on Android 13 to the user base of Nothing Phone.
1️⃣ 1inch Network has introduced a notable development by unveiling its decentralized exchange aggregation protocol and introducing limit orders on the Ethereum Layer 2 network, known as Base. This innovative protocol is designed to pool liquidity from prominent decentralized exchanges including Uniswap, Balancer, SushiSwap, and Base Swap. Its primary objective is to enhance user swap rates through optimized liquidity utilization. Furthermore, the addition of the limit order protocol on Base empowers users to execute trades at specific price points, ensuring transactions occur when the market price aligns with their predetermined values.
James Hunt
2️⃣ PancakeSwap, a decentralized exchange, has extended its reach to the Linea mainnet, which is developed by Consensys, a prominent Ethereum development lab. This strategic expansion aims to engage a wider user base and enhance revenue generation. PancakeSwap is already operational on Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum. Following a successful testnet phase, the deployment on Linea enables traders to access the platform for token trading with reduced fees and heightened capital efficiency, reflecting the platform's commitment to optimizing user experience and fostering broader adoption of decentralized exchange services.
Shaurya Malwa
3️⃣ Base introduced its comprehensive decentralized strategy for the superchain, with a core objective of bolstering the network's resistance to censorship. This strategic approach involves the integration of fault-tolerant mechanisms and the adoption of a range of client software, collectively designed to enhance the network's robustness. In a collaborative effort, Coinbase will partner with Optimism Collective and OP Labs to facilitate the progressive shift of Base towards achieving full decentralization. This strategic collaboration underscores the commitment to ensure the network's durability, security, and alignment with the ethos of decentralization that characterizes the Web3 ecosystem.
Ethereum
Ethereum public testnet Holesky’s genesis file has been generated. - link
BNB Chain
BNBChain presented opBNB’s latest onboarded projects. - link
Optimism
Optimism is granting up to 118M OP tokens (2.7% of supply) over 6 years to Coinbase. - link
Arbitrum
Arbitrum featured an Ecosystem Weekly Updates thread. - link
Aptos
Aptos has partnered with Marble (a part of Netmarble, one of the largest game developers and publishers in Korea), to develop the MARBLEX WARP Bridge. - link
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