Web3 Weekly Pulse: 31st July - 06th August
Stay informed with Web3 Weekly Pulse, the Newsletter brings the hottest news from Industrial Signals, and Web3 Infrastructure to the Ecosystem Digest.
Hey there, awesome Web3 enthusiasts! 🌟 Welcome back to another edition of the Web3 Weekly Pulse! We're absolutely thrilled to have you here as we dive headfirst into all things Web3! 🚀
We've got the hottest trends, mind-blowing infrastructure updates, and a whole lot of incredible stuff happening in this fascinating ecosystem! 🌌😍
So, whether you're sipping your favorite drink or chilling in your comfiest spot, fasten your seatbelts, because we're about to embark on an exhilarating journey together!
1️⃣ San Francisco-based game publisher nWay, a subsidiary of Animoca Brands gaming company, is making strides in the Web3 gaming industry by introducing a new video game that incorporates Yuga Labs' renowned intellectual property, including the popular Bored Ape Yacht Club. In a strategic agreement with Yuga Labs, nWay gains access not only to the Bored Apes IP but also to Mutant Ape Yacht Club, Bored Ape Kennel Club, and Otherside Kodas. This move is aimed at capturing the attention of gamers and leveraging the appeal of these well-established IPs to create an enticing and engaging gaming experience within the Web3 space.
The Block
2️⃣ The privacy-preserving protocol zkPass has recently accomplished an impressive milestone by securing $2.5 million in a successful seed funding round. Notable investors participating in the funding round include industry-leading entities like Binance Labs, Sequoia China, OKX Ventures, dao5, SIG DT Investments (a Susquehanna International Group company), Cypher Capital, Leland Ventures, and Blockchain Founders Fund. This substantial financial support signifies the growing recognition and confidence in zkPass's potential to deliver innovative solutions in privacy protection within the blockchain and cryptocurrency space.
The Block
1️⃣ Coinbase, a prominent cryptocurrency exchange, has unveiled the launch of its cross-chain bridge named Base. The bridge is scheduled to be accessible to the public on August 9th, aligning with the commencement of the Onchain Summer event. Notably, the Base's Total Value Bridged (TVB) currently amounts to an impressive $87.94 million US dollars. This significant TVB reflects the strong interest and adoption of the cross-chain bridge, showcasing its potential to facilitate seamless asset transfers and interoperability across different blockchain networks.
Onchain Summer
2️⃣ Trader Joe, the leading decentralized exchange (DEX) native to the Avalanche blockchain, has made a significant announcement regarding the introduction of on-chain limit orders. This innovative feature empowers traders by allowing them to establish automated buy or sell orders that execute directly on the blockchain. One notable advantage of this functionality is that it enables transactions without incurring any additional fees or impacting market prices. With the implementation of on-chain limit orders, traders gain the ability to deploy various trading strategies, including arbitrage capture, grid trading, and pool orders, thus enhancing their trading capabilities and overall experience on the platform. This advancement marks a notable step forward for Trader Joe, positioning it to further solidify its status as a prominent player in the rapidly expanding world of decentralized finance on the Avalanche network.
3️⃣ BNB Chain Developer revealed that opBNB mainnet is set to launch in mid-August 2023. Initially accessible to infrastructure providers, it will open to the public by the end of August or early September. Rigorous testing covering usability, performance, transaction costs, and security precedes the official launch, ensuring a robust and reliable platform for Web3 applications. Expectations are high for opBNB's contribution to the Web3 ecosystem's acceleration and advancement.
BNB Chain Blog
Ethereum
Ethereum Mainnet celebrates 8th Anniversary with more than 2.05 billion Total Transactions - link.
BNB Chain
Binance Labs announced four leading Projects from the Most Valuable Builder (MVB) Program - link.
Optimism
OP Labs released a new NPM package that simplifies fee estimation for wallets & other frontend utilities - link
Arbitrum
OffChain labs announced BOLD, enabling fully permissionless validation of Arbitrum chains. - link
Avalanche
Avalanche Blockchain usage grew 2x in the second quarter - link
Sui
Sui’s latest Mainnet release adds key support for liquid staking apps - link.
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