Cardano Rumor Rundown May 30, 2022

Hey Everyone!

Let's go...

Newly covered today:

1. ADA Realm and their partner Actum Games have released a VR walkthrough of ADA Realm Island. https://twitter.com/AdaRealm/status/1530624400910864385
2. Cornucopias has released info on their long awaited land sale. https://discord.com/channels/829374949587419137/842583414439542805 They’ve also released beautiful Unreal Engine 5 video highlighting some lands in their virtual world. https://youtu.be/v52pdDdPzMw Finally, there was a new Copi Cafe with additional land details.
3. Charles gave us a nice detailed report on his lobbying trip to DC. https://youtu.be/gHOO_fP75aM
4. The May Cardano 360 is out! https://youtu.be/Ar_8Lo0nV1s
5. Pavia also released another Q&A video. https://youtu.be/EZj2ZS0YtmM

Previously Covered but still interesting:

1. Our community is so strong, not even Mt. Everest is safe from our reach. https://twitter.com/ArthurPrestidge/status/1515317980942405632
2. The robbers in the Robbery Forest have names. The FBI says North Korea’s Lazarus Group & APT38 hacker teams are behind the Axie Infinity theft. https://gizmodo.com/fbi-says-north-korea-behind-biggest-crypto-theft-in-his-1848797691
3. Very harsh technical and other criticism incoming for Cardano competitor Solana. https://twitter.com/Justin_Bons/status/1514646388688232456
4. Looks like info might come this week about the Cardano Summit NFTs? https://twitter.com/IOHK_Josh/status/1515462695537246208
5. Take note if using an EVM sidechain of Cardano: report of a crazy Metamask vulnerability if you enable iCloud backup of app data on an Apple product. https://twitter.com/Serpent/status/1515545812423839745
6. The wider crypto space is learning that Cardano added 100k wallets in the last month. https://twitter.com/WatcherGuru/status/1516095660424155137
7. The AGIX ERC-20 converter is now live! https://twitter.com/singularity_net/status/1516069469591908361
8. Singularity.net is building a metaverse virtual world (Sophiaverse.ai) where AI characters embodied in humanoid avatars will interact with, teach, and learn from players. This could end up being wildly interesting. https://www.sophiaverse.ai/ https://www.youtube.com/watch?v=Kjh-MXd4xnw
9. Paribus announces it will build an HQ in Pavia. https://twitter.com/paribus_io/status/1512443022801346583
10. Apparently Indigo Step #3 will close out on Apr 19, 2022. https://twitter.com/Indigo_protocol/status/1516072942395928579
11. MuesliSwap Mainnet v.2 is here! Now with partial order matching! https://medium.com/@muesliswap/introducing-muesliswap-v2-the-next-generation-of-cardanos-most-popular-orderbook-dex-6b1fc6af64b1
12. Cardano Ledger App…now with smart contract compatibility. https://twitter.com/Ledger_Support/status/1518927545751773184
13. The dominos are starting to fall. Now the Central African Republic is adopting crypto as legal tender. https://news.yahoo.com/central-african-republic-adopts-bitcoin-104407031.html
14. Binance has recovered a tiny portion of the 600 million USD stolen from the Axie Infinity Ronin Bridge. https://cointelegraph.com/news/binance-recovers-5-8m-in-funds-connected-to-ronin-bridge-exploit
15. Artifct has released info on its Moon metaverse project. https://artifct.app/docs/MoonFlightPlan.pdf
16. Great thread on the trilogues for the new EU crypto AML rules. https://twitter.com/paddi_hansen/status/1519609822823403521
17. The Cardano Summit NFTs are finally here (as of Apr 25 2022). https://blog.terravirtua.io/partnership-news/your-guide-to-cardano-summit-nfts/
18. The April Cardano 360 is ready and waiting for you. https://www.youtube.com/watch?v=b4x5OIy4shU
19. The biggest NFT collection in the world wants to migrate away from ETH after its metaverse land mint cost $177 million in gas fees. https://twitter.com/yugalabs/status/1520612362986078208
20. Shocker! Solana is once again “halted”. https://twitter.com/SolanaStatus/status/1520508697100926977
21. The latest Pavia developer update is out. The builder tool is in development and set for Q2 release. Lots of features and updates revealed including chat features. https://www.youtube.com/watch?v=whnKHNq7f5A
22. There is a new CopiCafe episode from Cornucopias available. Three will be five parcel sizes. The smallest will be roughly the size of an NBA basketball court (16m x24m). https://www.youtube.com/watch?v=HVnzb8IT3lk
23. ADA Realm has released a mockup of their avatar and parcel editor. https://twitter.com/AdaRealm/status/1520493365216919553
24. JPG Store’s new smart contract is open source. They’re offering a $50k bug bounty. https://twitter.com/jpgstoreNFT/status/1520835206659289089
25. The wider crypto space just noticed that Cardano has done over 100k transactions per day for half a month. https://twitter.com/WatcherGuru/status/1521071194786705408
26. We are very early in Cardano. The CEO & Founder of eToro just talked to Charles in person and then tweeted with excitement about a few things including NFTs “coming” to Cardano. https://twitter.com/yoniassia/status/1520954005521715207
27. Genius Yield has revealed their public sale model. https://twitter.com/GeniusyieldO/status/1521215710923563009
28. Charles offers up digital identity (DID) to Elon Musk as a solution he needs for Twitter. https://twitter.com/IOHK_Charles/status/1521152995756363776
29. The Clay Nation metaverse (“Clayverse”) map has been revealed. https://www.claynation.io/clayverse
30. EU Commissioner Mairead McGuinness calls for a joint EU-US led international approach to crypto regulation. https://watcher.guru/news/eu-commissioner-is-calling-for-global-regulators-to-create-a-unified-crypto-regulation
31. The Liqwid AquaFarmers NFT whitelist is now public and ready for you to check your wallet. Use your stake key (instructions in the thread to find your stake key if you don’t know how). https://twitter.com/liqwidfinance/status/1521166352559583237
32. MuesliSwap has gone live with wrapped Bitcoin. https://twitter.com/MuesliSwapTeam/status/1521590290859151360
33. Charles had a great spot on Fox Business. https://twitter.com/IOHK_Charles/status/1521739002214199296
34. Djed is now live on testnet. https://medium.com/cotinetwork/djed-public-testnet-is-live-b0b0b13552e0 https://twitter.com/COTInetwork/status/1521804376725233664
35. The SEC is nearly doubling the number of attorneys it has on crypto enforcement. https://www.cnbc.com/2022/05/03/sec-adds-to-cryptocurrency-regulation-staff.html
36. May 4th was the birthday of Hal Finney who may have been Satoshi.I will try to remember to pour out a little whiskey for him each year until we can bring him back via his cryopreserved remains so that he can reclaim his bitcoin hoard. https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)) https://twitter.com/pete_rizzo_/status/1521791809713754113
37. The Federal Reserve has elevated the interest rate by 50 basis points. This half percentage point increase is the largest hike in 22 years (since May 2000) https://www.nytimes.com/2022/05/04/business/economy/fed-rate-decision-inflation.html
38. The Cornucopias land sale will involve a tiered whitelist with tiers for Discord membership and NFT holdings. NFT holders will need to verify their ownership according to the directions provided. https://twitter.com/CornucopiasGame/status/1521916326465392641
39. Pavia will be airdropping PAVs soon and they’ve provided a small FAQ. https://twitter.com/Pavia_io/status/1521851228531134467 https://twitter.com/PaviaRoss/status/1521872255902314496?s=20&t=CferRuF0l936gpQWHcd1rg
40. Gary Vaynerchuk is now telling newbs to buy an NFT on Cardano or Solana because ETH gas fees are too high. https://twitter.com/TangerineADA/status/1521978950649581570
41. Coinbase NFT beta is now open. https://twitter.com/coinbase/status/1521888126934781954
42. Now wrapped ETH is available on muesliswap mainnet. https://twitter.com/MuesliSwapTeam/status/1521917354569048068
43. A very interesting thread on ETH Beacon Chain centralization. https://twitter.com/dagaffer101/status/1523194663473135616
44. There is now a dApp section in Eternl wallet. This is not just a button to connect to dApps. It actually shows you dApps you can use. https://twitter.com/eternlwallet/status/1522639247701942272
45. Tony Rose, IOG Head of Product–Digital Identity, recently testified before the California State Legislature in relation to California students using digital identity. https://mobile.twitter.com/StakeWithPride/status/1523173974456168450 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB1190
46. There is obviously still a huge information asymmetry in crypto in relation to Cardano. Even a well known crypto influencer was recently seen aggressively claiming that Cardano had no DEXs when we have: MuesliSwap, SundaeSwap, MinSwap, WingRiders, and others all alive and functioning well. https://mobile.twitter.com/Flat_Mars_Ltd/status/1522400420315815937
47. The Cornucopias podcast, CopiCafe Ep. 6 is now out and available. https://www.youtube.com/watch?v=KuMRgvVDPW8
48. COTI and Djed have partnered with GADA Launchpad. https://twitter.com/COTInetwork/status/1523620203422437376
49. The winner has authored a thread on how the Artifct Moon Treasure Hunt was solved. https://twitter.com/AshXlandZ/status/1523403686810353666
50. There is a new Africa update with John O’Connor available. https://www.youtube.com/watch?v=X1cKW1RhI2E
51. As they post under #ponzi, many members of the Solunavax space seem to be collectively accepting that while they thought TerraUSD was pegged, it was in fact them. https://twitter.com/jonwu_/status/1523793482850050048 https://twitter.com/stablekwon/status/1523532474860539905 https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf https://twitter.com/IOHK_Charles/status/1523876312498192386 https://twitter.com/ercwl/status/1523802943362895872 https://twitter.com/el33th4xor/status/1523968918934728709
52. MuesliSwap held an AMA on Reddit and the questions and answers have been compiled on Medium. https://medium.com/@muesliswap/muesliswap-reddit-ama-06-05-2022-69097df389aa
53. Liqwid gives us a little teaser of the AquaFarmer NFTS. https://twitter.com/liqwidfinance/status/1524204829110906880/photo/1
54. Yellen is citing the Luna Terra fiasco and calling for stablecoin regulation by the end of the year. https://techcrunch.com/2022/05/10/us-treasury-secretary-janet-yellen-pushes-for-stablecoin-regulation-by-end-of-year/
55. The Indigo Protocol private testnet is now live. https://twitter.com/Indigo_protocol/status/1524108224026324993?s=20&t=mR-Tqs9xvh1aDFysTiMzwg
56. Here’s an illustration from Pavia as to the size of the Pavia Plaza. Turns out it’s big. https://twitter.com/Pavia_io/status/1524296117768368128/photo/1
57. Charles had a few things to say about the events of the last few days. https://www.youtube.com/watch?v=pNH_PvkVN74
58. Here’s a World Mobile video showing an air node installation. https://twitter.com/WorldMobileTeam/status/1524042009970888705
59. Unlike UST, the Ergo stablecoin, SigUSD, has maintained it’s peg nicely since establishment. SigUSD is based on the AgeUSD architecture just like Djed. https://twitter.com/ergoplatformorg/status/1524302368241819657
60. Here is the latest response from Stable Kwon. Doesn’t seem like a terribly promising plan. https://twitter.com/stablekwon/status/1524331171189956609
61. Both Blackrock & Citadel have denied the rumors they were involved in Crashing UST. https://watcher.guru/news/blackrock-and-citadel-have-denied-trading-with-terras-stablecoin-ust
62. Mainstream media is reporting that Charles doesn’t think we’ll get comprehensive crypto regulation this year since there is not enough time politically before mid-term elections to accomplish the task. This would push it to 2025. https://www.foxbusiness.com/technology/cardano-founder-sees-comprehensive-cryptocurrency-legislation-pushed-2025
63. IOG releases a new paper on P2P. https://eprint.iacr.org/2022/541/20220510:081002 https://twitter.com/IOHK_Charles/status/1524587529743257601
64. Here’s a thread on Djed asking some interesting questions. https://twitter.com/MatthewPlomin/status/1524386978220974080
65. ADA Handle reports it has partnered with Cardano Mixer which is a transaction privacy protocol. https://twitter.com/adahandle/status/1524088554392932352
66. Meanwhile Cardano developers are just grinding away. Watch the code forges glowing red hot here. https://cardanoupdates.com/
67. An important question has surfaced as a result of the revelation that UST may not be the first stablecoin from its creator. https://twitter.com/DeansEpoch/status/1524495566163660800
68. It looks like Terra may be moving toward a plan where “validators should reset the network ownership.” Is that the type of crypto that most of us signed up for? https://agora.terra.money/t/terra-ecosystem-revival-plan/8701
69. Even Forbes realizes that the EVM may not be the best virtual machine in the industry. https://www.forbes.com/sites/lawrencewintermeyer/2022/05/12/will-ethereums-virtual-machine-eat-itself/
70. Copi Cafe Episode 7 is out. https://www.youtube.com/watch?v=s1zSbpzY40w
71. Here are details on the Liqwid Aquafarmers NFT mint that will be going down at 12:00 PM UTC (8:00 AM EST) on Tuesday, May 17th. The medium article describes a 12 hour window for whitelisted addresses. https://liqwid-finance.medium.com/liqwid-aquafarmers-nfts-mint-date-and-time-c347b05b288e
72. Daedalus 4.10.0 is out. https://iohk.zendesk.com/hc/en-us/articles/6515425656089
73. Charles with some very incisive commentary on the way Cardano funds development vs. the rest of crypto. https://twitter.com/IOHK_Charles/status/1525651090376736768
74. The Cornucopias NFT Tree mint is this Friday (May 20) at 2:30pm UTC. https://twitter.com/CornucopiasGame/status/1526627372916690945
75. Sounds like Shahaf Bar-Geffen is going to be on Cardano 360 this week to talk about Djed as an algorithmic stablecoin. https://twitter.com/DjedStablecoin/status/1526717080124399616
76. Solana had another bad day and shock was experienced by no one. https://twitter.com/evan_van_ness/status/1526635595958820865
77. MuesliSwap lays out their innovative new combination of AMM/LP liquidity and partial orders that is slated for MuesliSwap v2. https://twitter.com/MuesliSwapTeam/status/1526521563478216704
78. Meld has an ADA-Matic Bridge live on testnet. https://twitter.com/MELD_labs/status/1526655506051473413
79. There will be a World Mobile AMA Thursday May 19 at 8pm UTC. https://twitter.com/WorldMobileTeam/status/1526834369813704705
80. It has become clear the mainstream media (and even a lot of people within crypto) have zero understanding of proof-of-stake. https://twitter.com/TuurDemeester/status/1526670962837671937
81. The US Fifth Circuit has released a decision against SEC use of administrative law judges in cases where it sees a right to jury trial for parties. https://twitter.com/prof_jpc/status/1527003339644362756
82. Cardano is going to have a good contingent at Consensys with over 500 people signed up for the Cardano party. https://twitter.com/Cardano/status/1527000670078902272
83. We now have some info on the Cornucopias virtual lands that will go on sale. https://medium.com/copiwatch/a-glimpse-of-virtual-land-in-cornucopias-cardano-metaverse-42d19663755c
84. Here’s a nice 43 second explainer video on World Mobile Air Nodes. https://twitter.com/WorldMobileTeam/status/1526940098591326208
85. Weiss crypto drops another very complimentary thread about Cardano. https://twitter.com/WeissCrypto/status/1527336737001074688
86. The Cornucopias Copi Wiki is now live. https://copiwiki.cornucopias.io/
87. Indigo has dropped the details on not just one…but two…airdrops. https://indigoprotocol1.medium.com/indigo-airdrop-cspa-partnership-1ca79fa3890a
88. Cornucopias released this teaser video with imagery of a Cloud Gate at the end. They also dropped their weekly Copi Cafe podcast. https://youtu.be/0CM2Qj6dh_w https://youtu.be/yyPsEOsSt7E
89. Cointelegraph writes an entire article about the need for mass adoption of liquid staking and manages to avoid mentioning that it’s already alive and well for some time in Cardano. https://cointelegraph.com/news/the-truth-behind-the-misconceptions-holding-liquid-staking-back
90. Apparently, we are only eight epochs away from the Vasil Hardfork Combinator Event. https://twitter.com/CardanoChefPool/status/1528492769223667712
91. Pavia gives us a peek at a mystery building. Is it a garage? A hanger? An incinerator? https://twitter.com/Pavia_io/status/1528695835734822914
92. The Pavia Builder Tool is coming in June! https://twitter.com/Pavia_io/status/1528755541169913858
93. Algorand appears to be suffering collective insanity as they consider giving their DeFi projects double votes in governance elections. https://twitter.com/danny_cryptofay/status/1528729769843597313
94. Don’t forget, yesterday was the day that Laszlo traded 10k bitcoins for a couple of pizzas twelve years ago. https://twitter.com/IOHK_Charles/status/1528733380124151809
95. It looks like South Korea is trying to find deep pockets to compensate Luna holders and may hold the exchanges responsible. https://twitter.com/WatcherGuru/status/1528820015352389632ECB President Christine Lagarde says crypto assets are “worth nothing” and “based on nothing.” She also revealed her son had bad luck in crypto. I’m sure he appreciates his mom putting him on blast to the entire world like that. https://www.politico.eu/article/crypto-assets-worth-nothing-ecb-christine-lagarde/
96. Indigo has dropped an infographic to help describe the three phases of their token distribution. https://twitter.com/Indigo_protocol/status/1528849687142350849
97. Cornucopias will have their second NFT Tree sale today (May 25). This time, it will be fruit trees. https://discord.com/channels/829374949587419137/842583414439542805/978401966944309268
98. Apparently it’s admitted history that the Polkadot consensus protocol was coded up in two weeks. https://twitter.com/rphmeier/status/1528975796865363968
99. Charles is in DC for the Blockchain Summit 2022 to see if he can make any progress with the regulators. He reports that Senators Lummis & Gillibrand will release their comprehensive crypto bill in June. https://twitter.com/IOHK_Charles/status/1529128012884676610 https://twitter.com/IOHK_Charles/status/1529128521553018880
100. DC points out a great thread on sound protocol design in DeFi. This includes tips on when it’s a ponzi and when you are the exit liquidity. https://twitter.com/DCdoso/status/1529121840177741825 https://twitter.com/josephdelong/status/1528887299743924224
101. Today (the 26th) will be the May Cardano 360. https://twitter.com/InputOutputHK/status/1529161615354040320
102. There is now a replacement for db-sync called Carp. https://twitter.com/dcspark_io/status/1529434530511216640
103. World Mobile is now advertising air nodes to local entrepreneurs in Zanzibar. https://twitter.com/WorldMobileTeam/status/1529462461644124162
104. The future is looking…let’s call it…“interesting” for Ethereum 2.0. The beacon chain just experienced a 7 block reorg. Not a huge amount of time encompassed in those 7 blocks…but still a reorg. https://twitter.com/koeppelmann/status/1529458000011972610
105. Apparently some projects are more up front about “exploiting young talent”. https://twitter.com/josephdelong/status/1529652818197495808
106. We now have dates on the first Cornucopias Land Mint June 3-7. https://twitter.com/CornucopiasGame/status/1529873760278413319
107. Shahaf Bar-Geffen of COTI was quoted in a Forbes article on the UST/Luna Terra implosion. https://discord.com/channels/829374949587419137/842583414439542805
108. Having little buddies for the player is becoming a common theme in Cardano metaverse projects. Pavia has Pavs and Carda Station has ADA Minions. Here’s the very well done video announcing ADA Minions in Carda Station. https://twitter.com/Carda_station/status/1524823060238454784
109. Paul did a great interview with the Cornucopias team and revealed some additional new details on the upcoming land sale. https://youtu.be/-As4cwicRZ4
110. IOHK made a documentary about their visit to the Ukraine/Poland border area. https://twitter.com/timbharrison/status/1529872546081931266

~Army of Spies

Stellar Weekly Community Update May 29th

If there's something interesting that happened in the ecosystem over the last week and it's not listed below, please mention it below in the comments.

Recorded Events ▶

Jayrome Testing Our New Moneygram Intergration

Sam Testing Out New Moneygram Intergration

Alfred Pay Presents at Haiti Blockchain Alliance (French / Creole)

Speaking with Spintax Ep. 1: NFTs and Community Stuff

Stellar Metaverse Deepdive with BES and Bullringcrypto

Tech Talks with Tomer: Refugee Relief & Remittances with Tori Sample

WEF Davos Panel With Denelle Discussing Crypto’s Carbon Footprint

WEF Davos Denelle at Equality Lounge

WEF Davos Day 1 Recap

WEF Davos Day 2 Recap

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Ecosystem Updates/Reads 📄

MoneyGram CEO Sees a Future in Stablecoin Remittances (Stellar mentioned)

ICE. The next stage of Aquarius

Messing Around with Multi-Sig

Can a CBDC promote financial inclusion? We think so. - SDF Blog

Mercado Bitcoin partners with Stellar Development Foundation in the LIFT Challenge Real Digital by the Central Bank of Brazil and Fenasbac - SDF Blog

Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC (Cointelegraph)

Lobstr Starts Blacklisting Fraudulent Asset Domains

Stellar Development Foundation Announces New Methodology to Measure Environmental Impact of Blockchain Technology and Releases Findings on Stellar Network Electricity Consumption - SDF Blog

Escape Inflation Effortlessly with the Beans App

Rehive: How Stellar and Wyre Empower the Future of Finance

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Upcoming ⏰

June 8: pubnet upgrade - Protocol 19

June 10th: Denelle Consensus Main Stage "Adoption at Scale: Addressing the On-Ramp Challenge"

June 20-23: Litemint Fed Presenting at NFT.NYC

What happened to Crypto?

It's been a tough time in the crypto community as a lot of rugpulls are happening. The crash happened in a lot of cases & here's Polygen's updates in order for us to be informed about the recent events in crypto.

Millennials and Gen Z Invested When It Was Fun. Now They’re Riding Out a Crash

This actually isn't news to me. Millenials have gotten FOMO over the past years, especially when the DOGE era or rather the MEME COIN era began. Newbie investors are often on the lookout for an investing opportunity that has the potential to change their fortune overnight because of success stories, which shouldn't really be the case.

All Those Celebrities Pushing Crypto Are Not So Vocal Now

We all know a lot of famous personalities gushing about crypto & NFTs on social media for their followers to follow their steps.. yet now, there seems to have an awkward silence. Some of these personalities are Matt Damon, Reese Witherspoon, and Gwyneth Paltrow who have been criticized for exciting virtual currency without highlighting the risks.

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On the lighter note, here are some good news from Polygen's Crypto Updates:

Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries

The El Salvador President himself, Presidente Bukele, has won the hearts of 44 countries to have a discussion with them about Bitcoin's use cases. It was known that El Salvador bought 500 BTC during the dip.

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Wanna know more? Well... There's more news for you! Just head on to:
https://medium.com/polygen-ecosystem/weekend-updates-21-05-2022-45e75a2be2db
For more updates & discussions!

Crypto Investor Briefing – May 2022

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May 2022

One of the largest crypto industry events is the annual Bitcoin Conference, which took place in April 2022 in Miami Beach. This four-day pilgrimage gathered nearly 30,000 crypto enthusiasts to discuss the latest developments, exchange collaboration ideas, and celebrate the growth of the ultimate reserve currency in the digital world.

After its humble beginning in 2009, this digital asset is maturing fast—it is estimated that 150 million people worldwide now own Bitcoin. Nevertheless, it continues to face regulatory and scaling challenges as Bitcoin becomes more mainstream. These topics and many more were discussed by industry thought leaders during this conference. 

The reveal of the “Miami Bull,” an 11-foot, 3,000-pound statue that bears the likeness of Wall Street’s “Charging Bull,” was one of the event highlights. At the opening ceremony, Miami Mayor Francis Suarez proudly declared that the bull’s “presence further reaffirms the strength of Miami’s position on the financial world stage.” This statue will remain a permanent fixture on the Miami Dade College campus.

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We have curated conference summaries from various attendees and journalists, including Forbes, Coindesk, Cointelegraph, SkyNews, The Block, and CNBC. For more comprehensive coverage, Bitcoin Magazine’s summary includes all of the relevant discussion topics. 

Tokenomy Team

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Terra’s UST becomes crypto’s third-largest stablecoin. The dollar-pegged UST has overtaken Binance USD to become the crypto market’s third-largest stablecoin by market capitalization, currently sitting at more than $18 billion. The leading stablecoin is Tether (USDT), which commands a whopping $83 billion market cap. USD Coin (USDC) comes in second at $49 billion.

Crypto investors made $163 billion in gains in 2021, according to a blog post by blockchain analytics firm Chainalysis. It was a stellar year for crypto investors after $32.5 billion in gains in 2020. US investors took the lion’s share of the profits, netting some $47 billion—around 29% of the total amount. These investors were followed by those in the UK, Germany, Japan and then China. The gain from Ethereum is estimated at $76.3 billion. 

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After El Salvador’s 2021 adoption of Bitcoin as legal tender, the Central African Republic has followed suit, becoming the first country in Africa to adopt Bitcoin as a payment currency. In the National Assembly, officials unanimously adopted the bill to help put the country’s plan for economic recovery and peacebuilding on track. However, contrary to popular headlines, the African nation has not adopted BTC as a legal tender; instead, it has reportedly legalized the use of cryptocurrencies in financial markets.

Goldman Sachs offered its first ever lending facility backed by Bitcoin, a significant step for a major U.S. bank that accelerates Wall Street’s embrace of cryptocurrencies. At the same time, David Soloman and Sam Bankman-Fried, chief executives of Goldman Sachs and FTX, discussed opportunities for future partnerships in fundraising, regulatory collaboration, and IPO opportunities.   

Fidelity to let workers save 20% of retirement in Bitcoin. Fidelity, America’s largest provider of 401(k) savings accounts, is rolling out a Digital Assets Account that gives companies access to Bitcoin. According to a New York Times report, the new product is expected to go live this summer, enabling companies to add Bitcoin to their customers’ retirement saving accounts.

BNY Mellon, one of the oldest U.S. banks and one of the first to lean into custodying digital assets, will serve as the “primary custodian” for the reserve assets behind the USDC stablecoin, according to the issuer Circle Internet Financial. 

MetaMask, a popular Ethereum wallet, announces integration with Apple Pay. Starting with iPhone users, MetaMask is adding integrations with payment gateways on its mobile wallet to increase options for buying crypto.

Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio. Speaking at the Bitcoin Conference in Miami, he mentioned that the other 40% of his portfolio is invested in hard-asset stocks like oil, gas, and gold miners. Salinas, who controls more than half of the Mexican motorcycle market, also called bonds ”a terrible investment.” 

NFT or just an expensive JPEG? Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year. He listed the NFT for sale again at $48 million last week, but the highest bid is only $280. 

Can celebrities endorse NFTs? Hollywood stars are facing legal questions on how they publicize their involvement in the non-fungible token (NFT) market, and whether they need to disclose paid endorsement deals. The key legal question is whether digital assets, including NFTs, are securities; the U.S. Securities and Exchange Commission (SEC) stipulates that it is unlawful for any person to tout a security without disclosing a financial relationship or ownership to the source.

Meta plans to charge creators 47.5% on sales of digital assets and experiences made inside the company’s virtual reality platform, Horizon Worlds. According to a Reuters article, this comprises a 30% fee on the Meta Quest Store, where users buy games/apps for the Oculus Quest headset, and a 17.5% fee from Horizon Worlds, Meta’s metaverse platform. This has drawn skepticism from the crypto community at large. 

The first Australian spot Bitcoin and Ether Exchange Traded Funds (ETFs) were listed on 27th April. Launched by 21Shares and ETF Securities, the two ETFs invest directly in Bitcoin and Ether and are fully backed by the respective assets held in cold storage by Coinbase. This move comes amidst regulatory hurdles for issuers in the US as the U.S. Securities and Exchange Commission (SEC) continues to deny spot Bitcoin ETF proposals.

The Ethereum Foundation, a non-profit organization that supports the Ethereum ecosystem, published a report on 19 April disclosing its $1.6 billion treasury holdings (as of 31 March 2022) for the first time. The treasury holds ~19% of its assets in non-crypto investments, with the majority (~80%) in Ether. The report also details the foundation’s spending allocation in 2021.

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Ethereum will go through a major technological upgrade this summer. This upgrade will reduce Ethereum’s energy consumption by more than 99%, cut the issuance of new ETH by 75–90%, and create a mechanism for long-term investors to earn up to 8–12% yields while holding ETH. The upgrade is a reminder that crypto is a dynamic and competitive market, and that having diversified exposure to the space is critical. Bitwise CIO Matt Hougan explains the details in this report. 

Have blockchain bridges become hackers’ prime targets? Continuing on from last month’s Top Story on Ronin’s $540 million exploit, this report delves deeper into the vulnerabilities created as the crypto industry evolves toward interconnectedness across chains.

Recommended Reading: “The innovator’s dilemma and U.S. adoption of a digital dollar,” Brookings Institute, by Michael Sung and Christopher A. Thomas.   

Research Paper: Experienced investors made more gain in NFT trading. “Investor Experience Matters: Evidence from Generative Art Collections on the Blockchain,” by Sebeom Oh, Samuel Rosen, and Anthony Lee Zhang. 

The Wolf of Crypto: Jordan Belfort, the author of “The Wolf of Wall Street,” is marketing himself as a cryptocurrency guru, and he is charging entrepreneurs tens of thousands for his advice. Read the report by the New York Times. 

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The Ramifications Couldn't have Been Greater for Ethereum's Merger. What do you think of the Upcoming merger?

Crypto investors are looking forward to the end of May, a month that has brought nothing but losses. And, while it's too soon to say whether the worst is over—Bitcoin is currently trading below $30,000 as this has taken its toll on Altcoins including relatively new ones like Solana which is one of the largest transaction network; Concordium which is a fast and cheap transaction network e.t.c and could fall further—it appears that the industry will weather the storm just fine. So long as the Ethereum merger goes smoothly.

If you've been living under a crypto rock, "The Merge" refers to the long-awaited upgrade to the Ethereum blockchain, which will see the No. 2 cryptocurrency switch to a proof-of-stake model, removing concerns about Ethereum's environmental impact and dramatically improving transaction speed.

The Merge is the most recent name (the previous one was Ethereum 2.0) for a process that has been ongoing for years and has been postponed numerous times. However, Ethereum experts, including co-founder Vitalik Buterin, are now predicting that the event will take place in August when the Beacon chain (a parallel Ethereum blockchain that is serving as a proof-of-stake test) merges with the main Ethereum chain.

They had better be correct. Crypto desperately needs a win right now, and Ethereum pulling off the most significant upgrade in blockchain history would provide it. It would show that the Ethereum community, which is known for being friendly but frivolous, is capable of doing serious business.

It could also spark a significant ETH price increase.

While Ethereum's chances of completing the merger appear promising, there are also reasons to be concerned. The Beacon chain experienced a so-called "block reorganization" event this week, in which its blockchain forked for seven consecutive blocks—something that hasn't happened in years. While the cause appears to be benign, it triggered a brief period of uncertainty because the emergence of multiple, competing Ethereum chains following the merger would be disastrous.

To their credit, the elite developers assisting in the merger have worked patiently and methodically to ensure that the new Ethereum blockchain is ready for prime time. And, as Kraken CEO Jesse Powell stated on a recent episode of Decrypt's gm podcast, he is unconcerned about the numerous delays that have plagued the merger process, because success is more important than speed in a situation of this magnitude.

Powell is correct, but the Ethereum merger cannot continue for much longer. Further delays will elicit accusations that the Ethereum community is unprepared for the task, and it is possible that the blockchain's gas fee woes, which are a major impediment to crypto's mainstream adoption, will never be resolved. Failure by Ethereum to move beyond the energy-intensive proof-of-work system would provide additional ammunition to environmentalists and politicians who already have a grudge against the crypto industry.

The bottom line is that the stakes for the merger could not be higher, not just for Ethereum, but for the entire crypto industry. Success will restore faith in Web3, whereas further delays or a botched execution will result in a price collapse and a new and nasty Crypto Winter. Everyone in the crypto community, including Bitcoin maxis, should be rooting for Ethereum to pull this off. The alternative is a market much worse than the one we're in right now.

Dynamic VS static NFT. Let's talk about the future

At the December 2-3, 2021 "Enter the Metaverse" conference, Stephen Fluin said from the stage that "The next generation of NFTs, will be dynamic". According to the Head of Developer Relations at Chainlink Labs "the future lies with NFTs that are adaptable, flexible, and capable of responding to external cues and data to level up their capabilities". Stephen's words certainly make sense, because as of today few visionary projects are already making strides to make a shift from static to dNFTs.

What is the fundamental difference?

Despite a general decline in market activity (according to some estimates by 92%) for example, in September 2021, 225 thousand NFTs were sold on the peak day. In May 2022, the daily sales volume is only 19 thousand. In addition to the decline in NFT sales, the number of active purses has also declined by 88%. And considering that the majority of these collections are static, it is absolutely clear that the time has come to reform this industry, to update it, to inject new technology and adapt its algorithms to respond to what is happening in the world, which is almost completely realized in NFT, which is why we increasingly hear that the future belongs to them.

So what is the fundamental difference between static NFTs and their more modern dynamic counterparts?

Dynamic NFTs:

• Active interaction with the off-chain environments.
  
• Dynamically responses to real-world events.
  
• Moving across chains
  

Static NFTs:

• Isolation from the off-chain environment.
  
• No ability to respond to real-world events.
  
• Can’t be moved across chains.
  

Limitations related to NFT

Owners of static NFTs face two major limitations:

• So how can one or another collection be considered unique? Rarity is what makes an NFT valuable. But it is much more difficult to guarantee this "rarity" in the fast-growing market of static NFT (hundreds of projects similar to each other appear every day).
  
• The question of NFT's interaction with the real world. Limitations impose their own imprint on gameplay and incentive mechanisms.
  

Any restrictions sooner or later provoke progress, and the NFT-world is no exception. Solutions have already been created to abolish or weaken all these constraints, which have been implemented directly in dNFTs. And as a consequence, both the crypto world and the blockchain ecosystem itself have begun to realize even more clearly the true value of this new unique asset class.

The uniqueness dNFTs

The problem of "rarity and uniqueness" is solved in dNFTs by the possibility of modifying a character or its individual characteristics. At the same time, it is often impossible to predict how the hero of the collection will look like or what features he will acquire, which increases the value giving a certain touch of "intrigue". By purchasing static crypto-art, the collector knows in advance what his character will look like in a week or a month - just like on the day of purchase. Let's take the Rubber Duck Bath Party collection dNFTs as an example. The owner of a purchased duck goes to a virtual party at his own risk. He doesn't know if his NFT will get a new eye or crown - and that makes the project more unique than, say, the static Asuna card from "Lives of Asuna". There, buying an NFT with an anime image only gives the collector an anime image that won't change.

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Dynamic NFTs and their interaction with the real world

As for the interaction of NFT with the real world, it is worth looking at an example of a real dNFT and understanding its value. For example, a digital basketball player card may contain performance statistics (e.g. points scored per season). If you transfer that card to NFT format and connect it to the real world through oracle networks, it can automatically update its stats based on the player's performance in the real world. Pretty cool, huh? Another example: the new GasMonsters project. If it would have been the usual static NFT collection, we'd see the regular monsters on cards. Nothing unusual - just dragons instead of cats/lemons/monkeys. But in this case, the collector buys a cute little dragon that grows over time (depending on the amount of Gas used in blockchain transactions) and turns into a robotic monster. The more Gas, the cooler the character. Fascinating and intriguing, isn't it?

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Outlook

It is absolutely obvious that dNFTs, due to their greater technological sophistication and not being corny on the market, will increase their market share and interest among the NFT community more and more every month. In our opinion, this niche of digital assets is at the very beginning of its development, like Bitcoin in 2014-2015. Overall growth in the price and volume of dNFTs is absolutely inevitable. Just like sudden bursts of interest leading to new peaks, which will constantly update the previous maximum values, are inevitable. To summarize, it is safe to say that by paying attention to dNFT today, you are less likely to experience FOMO in a next few years.

The remainder of the crew may continue their voyage as soon as the IKONIC Metaverse is ready for them. To get here

The remainder of the crew may continue their voyage as soon as the IKONIC Metaverse is ready for them. To get here, it's taken a long time and a lot of work. With this project, we want to provide gamers a different perspective on the metaverse. The inclusion of metaverse venues as a social feature in IKONIC is beneficial to both artists and fans of the game. In order to conduct meetings virtually, you'll need NFTs such a microphone and speakers. You may display your friendship by going to sporting events with your buddies. Tickets to parties and other events may be purchased with NFTs. A new use for these items may arise in the future.

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