Dr.DODO brings you our newly launched weekly brief - DODO Megascope, which covers the following sectors:
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Crypto Headline
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Governance Updates
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Sector Delivery
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Data check
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CT Insights
👀 |Crypto Headline|
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Vitalik Buterin Announces Launch of New Book ‘Proof of Stake’.
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Lawyer Roche claims statements he made about Ava Labs are false due to intoxication.
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U.S. federal prosecutors asked Binance to provide records about its anti-money laundering checks and communications involving its chief executive and founder Changpeng Zhao.
🗣️ |Governance Updates|
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Safe Update Token Distribution Proposal: Snapshot deadline extended to August 18, 2022 (previously February 9, 2022); set share between tokens distributed based on transaction activity and stored value to 1:1 (previously is 2:1); all eligible Safe accounts will receive at least 100 $SAFE (previously 400), etc. This will expand the number of Safe accounts eligible for the airdrop to 55,719.
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Aurora proposes enacting Council elections through a non-transferable Vote Token.
🍀 |Sector Delivery|
DeFi
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DeFi asset management protocol Babylon Finance will cease operations, and all assets in the vault will be distributed to BABL and hBABL holders.
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Solana ecological DEX OptiFi mistakenly executed the procedure of shutting down the mainnet and could not recover, 660,000 USDC was locked.
GameFi&NFT
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X2Y2 announced an update to the royalty feature settings, allowing holders of NFT projects to enable/disable custom royalties by voting. Enabling custom royalties allows NFT buyers to choose how much royalty to pay when purchasing an NFT, and disabling custom royalties pays 5% of each transaction.
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SudoSwap announced the distribution information of the governance token SUDO: the initial supply is 60 million, distributed to XMON holders 41.9%, 1.5% to 0xmon NFT holders, 1.5% to SudoSwap LP, and 25.1% to the treasury.
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A16z crypto launched a set of free and public "Can't Be Evil" Licenses to solve the problem of copyright loopholes in NFT projects. Deployed on the Arweave chain, these licenses clearly outline the buyer's rights to their NFT artwork and are available for 6 open source models for free use by the community.
Infra
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Arbitrum has successfully migrated to Nitro - the on-chain activity has been resumed.
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The Polygon team announced via Twitter on Wednesday that the Polygon Avail testnet is now live. Each Polygon Avail block today can hold around 8,400 transactions.
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zkSync 2.0 Update: dynamic fees milestone completed, which includes a new fee model, account abstraction support for paymasters, EIP-1559 support, and more.
VC
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Limit Break, the company behind the DigiDaigaku NFT collection, has raised $200M over two funding rounds, it announced Monday.
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Singapore state investor Temasek Holdings Pte. is joining a $100 million funding for Animoca Brands Corp.
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Stacked, the Web3 Version of Twitch, Raises $12.9M, led by Pantera Capital.
✨ |Data check|
Recently, the NFT market has been very lively. From the controversy caused by X2Y2 changing the royalty mechanism to the controversy caused by the innovative use of AMM mechanism to trade NFT's SudoSwap currency issuance, the NFT market is gradually completing its transformation. Today, we will analyze from the perspective of data, what changes have occurred in the bear market NFT market.
- The NFT market transaction volume has dropped from a peak of nearly 20b in January this year to less than 2b now. DuneAnalytics data shows that in August 2022, the NFT market OpenSea transaction volume was only $498,242,274, the lowest record since August 2021.
- On the other hand, since entering the bear market, the number of NFT transactions has not fallen off a cliff, and has basically remained at around 160k. It shows that the sharp drop in transaction volume is greatly affected by blue-chip projects. Non-blue-chip projects are still more active in Normies' attention.
- Since June this year, the number of sellers has gradually exceeded the number of buyers.
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Nansen uses the K-means clustering algorithm to create a classification data set for NFT addresses to analyze NFT user portraits. This is an iterative clustering analysis algorithm. The steps are to divide the data into K groups in advance, randomly select K objects as the initial cluster centers, and then calculate the relationship between each object and each seed cluster center. distance, and assign each object to the cluster center closest to it.
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The analysis divides NFT users into: Normies, which are most common NFT buyers; Trophy Hunters, which are relatively active in transactions and hold more blue-chip NFTs; HOLDERS, which hold the most non-blue-chip NFTs; Smart Flippers, which are the average selling price The highest; Traders, similar to Flipper, but with a lower mint ratio; Sweepers, the largest number of purchases per transaction.
- In the bear market cycle, the NFT market gradually declines, the percentage of Normies is much higher than that of other categories, and it is on an upward trend, while the number of other categories of users is on a downward trend. This suggests that established NFT traders see fewer opportunities in the market and are waiting for the moment to enter.
🎵 |CT Insights|
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How MakerDAO went from onboarding a US Commercial Bank to discussing how to depeg from the US dollar in less than two months.
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The Bankless on The Decentralized identity revolution：
https://newsletter.banklesshq.com/p/the-decentralized-identity-revolution