Cardano Rumor Rundown July 29, 2022

Hey Everyone!

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Newly covered today:

1. The U.S. Bureau of Economic Analysis showed a -0.9% GDP growth print this morning (July 28). That’s two quarters in a row of negative growth which corresponds to a common definition of a recession although the National Bureau of Economic Research is considered the official arbiter of recessions and marks such events based on a wide range of economic factors analyzed over many months. https://www.bea.gov/ https://www.cnn.com/2022/07/28/economy/us-economy-second-quarter-gdp/index.html
2. The July Cardano 360 was released today. https://www.youtube.com/watch?v=mHHVaxkHFrE
3. The ADA Realm & Actum Games AMA recording is now available in discord. https://discord.com/channels/903957555083087892/913541370436808754
4. CardaStation just onboarded a game developer to their team who spent the last six years at Ubisoft working on games like Riders Republic and Ghost Recon. https://discord.com/channels/908827661504237599/909005782790586379

Previously Covered but still interesting:

1. Allen Wu makes some great points about the differences between Cardano’s Ouroboros proof-of-stake protocol and Ethereum proof-of-stake. https://twitter.com/AllenWu29331265/status/1543865378816036864
2. One possible solution to the Spacebudz art problem is a token migration. https://twitter.com/CardanoNoodz/status/1544326010266591233
3. The crypto space is slowly realizing that Cardano has a huge and powerful community. https://twitter.com/dunleavy89/status/1544302686736203783
4. Duncan Coutts talks input endorsers, P2P, and Vasil with CityAM. https://www.cityam.com/1895737-2/
5. It turns out that even some crypto veterans appointing themselves as “Bitcoin Experts” don’t actually understand crypto. https://twitter.com/jimmysong/status/1543364278014582787 https://twitter.com/el33th4xor/status/1006931658338177024 https://twitter.com/adrian_brink/status/1543469963679305729 https://twitter.com/IOHK_Charles/status/1544064073075023872
6. We now have some Artifct Moon updates in discord. https://discord.com/channels/882364185244237884/920120911414300773
7. We’re seeing (possibly deliberate) misinformation out of maximalists of other chains regarding the Vasil Upgrade. The false claim is that current Cardano smart contracts will not be compatible with Vasil. https://twitter.com/timbharrison/status/1544608886073745408
8. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has announced the first four winners of its contest to find quantum resistant algorithms. This is a great step forward that will benefit the crypto space as we move toward an era of quantum computing. https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms https://twitter.com/IOHK_Charles/status/1544680510781362177
9. Voyager has filed for a Chapter 11 Restructure reportedly due to 3AC exposure. https://www.cnbc.com/2022/07/06/crypto-firm-voyager-digital-files-for-chapter-11-bankruptcy-protection.html https://twitter.com/Ehrls15/status/1544550249519357952
10. Pavia now has a youtube tutorial on how to use their builder tool. https://twitter.com/Pavia_io/status/1544695990434889728
11. There are reports (could be either true or false) that WingRiders may have actually been paid a bounty to reveal the MinSwap vulnerability. https://twitter.com/xyconst/status/1544730222985183233 https://twitter.com/Dubbleu_43/status/1544735751677661184 https://twitter.com/CardanosInsider/status/1544701097360740360
12. Charles is back! Weekly AMAs to resume shortly starting with an episode from Mongolia. https://twitter.com/IOHK_Charles/status/1544801324205633536
13. John Woods is leaving for Algorand. Apparently, he was just filling in for Duncan Coutts while Duncan was on paternity leave. John’s new position should open up opportunities for Cardano to work with Algorand in the future. https://twitter.com/IOHK_Charles/status/1545104714139705346 https://twitter.com/JohnAlanWoods/status/1545060330467799040
14. The Virtua Cardano Island mint began today. There was some confusion because the NFT policy does not appear to be locked. Virtua is saying that’s only for the land deeds which will be used in a land claim event to claim your actual parcel which will come from a locked policy. https://twitter.com/VirtuaMetaverse/status/1545125051955138560
15. Looks like Kevin Hart is partnering with Virtua. https://twitter.com/VirtuaMetaverse/status/1546035980964175872?t=fX59ZL2nRxChi80OOf9pfQ&s=19
16. Here’s a dev report of 10x reduction in script size with the script references that will come with Vasil. https://twitter.com/AncientKraken/status/1545864034083225600
17. There is a very cool new blockchain visualizer for Cardano. https://eutxo.org/ https://twitter.com/conraddit/status/1546221160211283969
18. It looks like the Carda Station racing game is actually live inside their metaverse. https://www.cardastation.com/play/?x=60&y=23
19. Wingriders ads take on a decidedly different tone. https://twitter.com/wingriderscom/status/1546162936187703298
20. It looks like Pavia is getting closer and closer to shipping the new website and new map user interface. https://twitter.com/Pavia_io/status/1546444771325104128
21. Revuto was covered by Cointelegraph regarding their lifetime subscription model for services like Netflix and Spotify. However, there seems to be no mention of the relevant blockchain in the article (Cardano). https://cointelegraph.com/news/croatian-web3-startup-offers-lifetime-netflix-and-spotify-membership-via-nfts
22. Cardano is destroying the competition in terms of YoY growth in on-chain volume according to a new report from Kraken (see p. 5). https://kraken.docsend.com/view/ta9gkuzsp3kssmf6 https://twitter.com/SubcriticalTV/status/1546608709580750852
23. Virtua dropped a Twitter Space AMA today. https://twitter.com/VirtuaMetaverse/status/1545468098337284097
24. It sounds like ADA Realm is inching closer to a fungible coin drop. https://twitter.com/AdaRealm/status/1546859792547069952
25. MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1546846207716331526 https://twitter.com/MuesliSwapTeam/status/1546924255241289735
26. It sounds like people who minted on Day 1 or Day 2 of Cardano Island will be getting free avatars and free cars. https://discord.com/channels/684117774171373705/987286409771622410
27. Dewayne Cameron seems to be hinting that it won’t be long now for Liqwid. https://twitter.com/DCdoso/status/1546863953904631810 https://twitter.com/DCdoso/status/1546868449275674625
28. Seven million merchants can now accept Cardano through ADA Pay. https://watcher.guru/news/over-7-million-merchants-can-accept-cardano-using-ada-pays-new-plug-in
29. Cardano is still at the top of the github commit charts. https://twitter.com/ProofofGitHub/status/1546920508977041408
30. MuesliSwap is launching its own NFTs that will boost yield farming. https://medium.com/@muesliswap/hungry-cows-by-muesliswap-nfts-to-boost-your-farming-apr-3fbe4b7a4eed
31. Jimmy Song is back at it with the confused analysis of proof-of-stake. Now even a pixelated dog can ratio him. https://twitter.com/jimmysong/status/1546969248068673537
32. The US CPI inflation number for June for all items was revealed at 9.1%, it’s highest since 1981. Energy and food are both higher at 41.6% and 10.4%, respectively. https://www.bls.gov/cpi/ https://finance.yahoo.com/news/asian-shares-bounce-markets-edge-030445470.ht
33. People are claiming to uncover mind-blowing squandering of funds by 3AC including absurd NFT purchases. https://www.reddit.com/r/CryptoCurrency/comments/vy84rw/3ac_borrowed_millions_from_voyagerblockfi_user/ https://etherscan.io/tx/0x6cca8635f02eb5c14fa66722392a49ae45152bc40f39bef6741ea04054b8a857 https://twitter.com/ravanave/status/1547299512040964096
34. Layoffs have hit even the biggest players in the NFT world. OpenSea is apparently releasing 20% of its workforce. https://twitter.com/dfinzer/status/1547648521607659522
35. FutureFest is talking about creating a metaverse convention for Cardano. This might be a great way to include all the people in the ecosystem who can’t travel to the physical events. https://twitter.com/futurefestxr/status/1547656768724951043
36. IOHK Development Update coming this Friday! https://twitter.com/InputOutputHK/status/1547633660907556871
37. Alessandro Konrad and Thomas Vellekoop are proposing a new metadata standard. https://twitter.com/berry_ales/status/1547592977186312195
38. DripDropz reports they have registered as a money services business with FinCen, will now do AML, and will institute staking. https://twitter.com/DripDropz_io/status/1547694112542822400 https://news.dripdropz.io/drip-staking-rewards-more-3a6b475225ae https://twitter.com/DripDropz_io/status/1547693683721457664
39. I’ll be in a Twitter Space with Yazan of Virtua at 4pm UTC on July 15! https://twitter.com/VirtuaMetaverse/status/1547664729845514240
40. Day 1 of the MuesliSwap Hungry Cows mint went down on July 18 with a very smooth whitelist and random selection process. I hope more projects choose to employ a mint process that looks like this whether whitelisted or not. Not having to worry about your keyboarding speed and connection latency during the request phase was very refreshing. https://nft.muesliswap.com/ https://twitter.com/MuesliSwapTeam/status/1549101020239859713 https://twitter.com/JacobNdelaRosa/status/1549046830914478080
41. Ardana is hinting at long awaited announcements this week. https://twitter.com/ArdanaProject/status/1549031244104704000
42. The founder of Compound thinks all NFTs are Veblen goods. It’ll be interesting watching this play out in Cardano and elsewhere. https://twitter.com/rleshner/status/1548776604402421761 https://en.wikipedia.org/wiki/Veblen_good
43. Time magazine is running a cover about how the metaverse will change everything. https://time.com/6197849/metaverse-future-matthew-ball/
44. The Virtua NFT claim for certain early minters will begin on Wednesday, 20 July at 4pm UTC and run for 24 hours. https://twitter.com/VirtuaMetaverse/status/1549470446046908417
45. The MuesliSwap public mint will be going down on Wednesday, 20th of July, minting requests can be sent between 12 and 8 PM UTC. Minting starts after 8 PM UTC. Similar to the previous whitelist drop, this will be a fair request mint. https://medium.com/@muesliswap/phase-2-hungry-cows-by-muesliswap-public-mint-882c3c6451fa
46. Apparently, IOHK has joined the American Chamber of Commerce in Mongolia. https://twitter.com/AmChamMongolia/status/1549216741045293056
47. Looks like Dubai is planning to add 40,000 metaverse jobs over the next five years. https://twitter.com/Blockworks_/status/1549335302384353280
48. Virtua gave us a preview of the fancaves for large land plots. https://twitter.com/VirtuaMetaverse/status/1549823956504530948
49. Today, Cardano users were discussing the functionality and implications of sending multiple transactions in one Cardano transaction. https://twitter.com/javifs96/status/1549732735828344833
50. Reports are coming in claiming this video shows tanks protecting a bank in China after the bank declared deposits not subject to withdrawal. Others argue this is just a night rehearsal for a parade. In either case, just another reminder about what the crypto space has always said about keys. https://twitter.com/BitcoinMagazine/status/1549808472618926082 https://twitter.com/CarlBMenger/status/1549790500516990979 https://amp.cnn.com/cnn/2022/07/10/china/china-henan-bank-depositors-protest-mic-intl-hnk/index.html
51. Things are heating up between Congress and the SEC and it looks like certain members of Congress are actually on our side. https://twitter.com/RepTomEmmer/status/1549414157925195779
52. There is a new twitter account called Cardano Heroes tracking the movement of whales from multi-pool stake pool operators to single pool operators. https://twitter.com/ADAHeroes
53. Looks like CFTC Commissioner Caroline D. Pham is publicly opposing the SEC’s take on asset categorization in the Coinbase insider case. https://twitter.com/CarolineDPham/status/1550159347984044033
54. Coti has released a medium article on the Djed fee structure. https://twitter.com/COTInetwork/status/1550088008254251011
55. It looks like the MuesliSwap Hungry Cows mint was phenomenally successful. https://twitter.com/MuesliSwapTeam/status/1550085557732139008
56. Stake with Pride and Emin Gun Sirer remind everyone that staking in a blockchain with slashing is definitionally unsafe. https://twitter.com/StakeWithPride/status/1550152521275953152
57. Polina Vinogradova on babel fees. https://twitter.com/timbharrison/status/1550557249868816384
58. The 3AC Founders were interviewed by Bloomberg. https://twitter.com/PastryEth/status/1550521333691387905
59. Lyn Alden makes an interesting thread about crypto being a separation of “money and state”. https://twitter.com/LynAldenContact/status/1550960304472956930
60. Here’s an article from SundaeSwap covering the perspective of a dApp team preparing for the upcoming fork. https://sundaeswap-finance.medium.com/the-vasil-hard-fork-from-a-dapp-builders-perspective-9ee454758c16
61. Elizabeth Warren and five other members of the US Congress have asked the EPA to “require reporting of energy use and emissions from cryptominers.” https://www.warren.senate.gov/imo/media/doc/2022.07.15%20Letter%20to%20EPA%20and%20DOE%20Re%20Cryptomining%20Environmental%20Impacts.pdf
62. FutureFest is already working on a plan to have actual humans working in Cardano Metaverses. https://twitter.com/futurefestxr/status/1551607701385318400
63. There is now a “blockchain-in-a-box” project for Java devs to create blockchain solutions that Ergo, IOG, and Hyperledger have been involved in. https://twitter.com/IOHKMedia/status/1551593026568523778 https://www.bitcoininsider.org/article/176881/blockchain-tool-will-allow-java-developers-build-blockchain-solutions
64. Apparently Solana is embracing its “open for business only sometimes” history with actual physical stores. https://twitter.com/Scott_eth/status/1551539635137953793
65. While Cardano’s eras are named after historically significant figures like Voltaire, Basho, Byron, & Shelley; the Ethereum roadmap labels are more like a parody of a reproductive health class. https://twitter.com/VitalikButerin/status/1551603545752870912
66. Is security the biggest challenge facing the mass adoption of Web 3? FYEO thinks so. https://twitter.com/InputOutputHK/status/1551672421769519115
67. Plutus Core programs generated from Typescript are now a thing. https://twitter.com/MicheleHarmonic/status/1551261395295080449 https://www.typescriptlang.org/
68. SpaceBudz has laid out the path to migrate to new art. https://twitter.com/spacebudzNFT/status/1552042478085308418
69. Cardano 360 will be this Thursday (July 28). https://twitter.com/InputOutputHK/status/1551968626470690816
70. Kraken apparently forgot that doing business with Iran is a hot button issue for the US government. https://www.reuters.com/technology/us-crypto-exchange-kraken-suspected-violating-sanctions-nyt-2022-07-26/
71. Senators Toomey and Sinema think you shouldn’t have to pay taxes on crypto purchases or trades under $50. https://seekingalpha.com/news/3860821-us-senators-introduce-bill-that-would-end-taxes-on-small-crypto-transactions
72. For the first time in modern history, the Federal Reserve has executed back-to-back 75 basis point hikes. https://www.cnn.com/2022/07/27/economy/fed-meeting-interest-rates-75-basis-points/index.html
73. Indigo reports that they are now feature complete! https://twitter.com/Indigo_protocol/status/1552268277438619648
74. We now have blockchain tracked clothes on Cardano. But, these shirts are expensive. https://twitter.com/OriginThread/status/1552280610923749384
75. You no longer have to dislike just Meta (Facebook) OR crypto VCs. You can now hate them both simultaneously in the form of their bastard children: Aptos & Sui. https://twitter.com/milesdeutscher/status/1552281885438488577

~Army of Spies