Autor Cointelegraph By Tom Farren

Crypto Twitter unites to raise funds for community member's cancer treatment

Crypto Twitter unites to raise funds for community member's cancer treatment

Uverejnil používateľ | apr 7, 2022 |

When a respected member of Crypto Twitter and the Deadfellas nonfungible token (NFT) community detailed the immense financial burden of his cancer treatment, the crypto community demonstrated its kindness and generosity by donating over $73,000 in funds.Yopi, known as @kuiyopi on Twitter, joined the crypto ecosystem in July 2021. He discovered that crypto served as a welcome distraction to his health concerns and even provided moments of joy and entertainment during his 6-month chemotherapy schedule. Throughout this time, he enjoyed the content of crypto personalities such as Cobie, opened up on his attempts to learn Spanish, and reveled in the meme culture, while always sharing empathetic messages, condolences, and visions to support fellow cancer sufferers within the community – even in a space where the identities of users are largely anonymous.However, he received some heartbreaking news on April 6. Doctors from the Moroccan Royal Armed Forces Military Hospital conducted an MRI scan on his right hip and uncovered “infiltrative damage to the medullary bone of the upper and middle third of the right femoral diaphysis in connection with a recurrence.” In simpler, and more poignant words, his cancer had returned.According to Yopi, the doctors stated that he required stem cell transplant therapy. Usually in this circumstance, the primary treatment would be chemotherapy, but having been administered a course of that previously, it was no longer a viable option. On top of that, the estimated insurance costs totaled $50,000, a sum that a self-described “amateur Ponzi shitcoins trader” simply could not afford.In need of assistance, Yopi reached out to the Crypto Twitter community, musing a philosophical memorandum that “Luck is the most important factor in life that is the most neglected, people [ppl] love to give all the credit to their success but never admit they were lucky.”Hi guys, unfortunately the cancer came back after days my leg was hurtin, doctor said i only need stem cell transplant since chemo is not an option anymore. Well i dont think i can pay the 50k $ for it nor my shitty insurance would cover it. pic.twitter.com/alH4GRVdys— Yopi (@kuiyopi) April 6, 2022Twitter user @halo4dog1 shared an English translation of the letter to enhance the readability of the results. Orchestrated by notorious DeFi investigator zachxbt, Yopi’s tweet received enormous support from some of the industry’s largest figures including renowned NFT artist Cozomo — the real identity of the legendary rapper Snoop Dogg — MoonOverlord, and President of FTX U.S. Brett Harrison, as well as TheShamdoo, among many others.Analysis of blockchain data reveals that Yopi’s wallet, titled beastmo.eth, received a total of 107 transactions — 94 in ETH, 5 in USDT, 3 in USDC, 2 in DAI, 1 in WETH, 1 in LINK, and 1 in APE — in the fourteen hours following his tweet. These selfless acts soared his total wallet balance to $74,268.60, a number which surpasses his insurance bill by over 48.5%, and is still rising at the time of writing.In a series of emotional responses, Yopi declared his love and adulation for the crypto community, thanking them for their warmth and kindness. “Man this was unbelievable for me. I don’t know even what to say, I’m living in a dream and hope I will be born again, love you guys.”Man im literally cryring right now i cant thank you enough ser ❤— Yopi (@kuiyopi) April 6, 2022

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Yearn Finance advocates for the adoption of ERC-4626 tokenized vault standard

Yearn Finance advocates for the adoption of ERC-4626 tokenized vault standard

Uverejnil používateľ | apr 6, 2022 |

Following the successful deployment of twenty-five previous Ethereum Request for Comments (ERC) standards, including the industry-recognized ERC-20 designed for tokens, ERC-721 for nonfungible tokens (NFTs), and the single smart contract multi-token ERC-1155; the newly-passed ERC-4626 is gaining traction within the Ethereum community for its purported yield-bearing benefits.Referred to as the “tokenized vault standard,” ERC-4626 is set to be implemented at the next Ethereum fork upgrade following approval by the developers within Ethereum’s governance procedure.Serving as an addition to ERC-20 — and considering the utilization of under-review EIP-2612 for the approval shares user experience (UX) — the ERC-4626 standard is expected to enact wide-scale benefits across Ethereum’s decentralized finance (DeFi) ecosystem, enhancing the composability and accessibility of yield-bearing vaults across multiple networks.As an application programming interface (API), much of the implementation will occur behind the scenes within the network’s operation, and therefore will not be particularly visible on the user-end dashboard, but will be immensely valuable for their participating experience.One of the primary attractions to interacting with DeFi protocols for the retail market is their positively disproportionate yield generation in comparison to traditional banking bond accounts and savings offerings.Yield-bearing assets such as SushiSwap’s xSushi, Aave’s aToken, or Yearn Finance’s yToken, enable users to stake the network’s native tokens for a wrapped version, benefiting from both the acquired liquidity and interest earned.However, as Yearn Finance succinctly points out, “to build a single app on top of DeFi’s yield-bearing tokens, you have to write dozens of complex, error-prone adapters that can handle each unique variation”, as well as that if you “build an app on top of one ERC-4626 vault… it will work for all other ERC-4626 tokens.”5/ Yearn V3 + ERC-4626 = inevitableContributors are already working hard implementing the standard for Yearn’s V3 vaultsSo are devs at @AlchemixFi, @balancer, @RariCapital, @feiprotocol, @OpenZeppelin and elsewherePerhaps one day, we’ll even see a Erc4626 tab on @etherscan— yearn.finance (@iearnfinance) April 5, 2022Related: DeFi ‘Godfather’ Cronje quits as TVL and tokens tank for related projectsThe concept for ERC-4626 was initially pitched on Dec. 22 as an Ethereum Improvement Proposal (EIP) by five authors led by the founder of Fei Protocol, Joey Santoro.According to an anecdotal story from co-author t11s, the 4626 number was birthed during an exercise workout, noting that the melodic rhyming pattern sounded more appropriate for the title of their invention than the more monotonous 4700 for instance.Fundamentally viewed as a protocol standard designed to optimize and unify the technical parameters of yield-bearing vaults, the proposition swiftly sparked discussions, suggestions and rebuttals on open-source development platforms Github, Ethereum Magicians and crypto native social media Twitter, with a largely positive consensus noted throughout the community.One responder named albertocuestacanada highlighted a concern with the potential impact of language regarding the calculateShares required to equal sharesAmount section, arguing that this would prevent vaults from implementing deposit or withdrawing fees. Santoro soon revised this section “in favor of a better invariant related to it returning the same value as a mint/deposit call in the same transaction.”The ERC-4626 Tokenized Vault Standard is ready for final review Get your giga chad brains churning on how this standard will revolutionize DeFi Be sure to share any proposed changes on the thread: https://t.co/ArchwpUNn4Here is a summary of the proposed design — Joey ’s ERC-4626 (@joey__santoro) January 12, 2022

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Chiliz launches public testnet for its new layer-1 blockchain

Chiliz launches public testnet for its new layer-1 blockchain

Uverejnil používateľ | mar 31, 2022 |

Digital asset sporting project Chiliz has announced the launch of the Scoville testnet for the newly established layer-1 blockchain network Chiliz Chain 2.0, also known as CC2.CC2 will seek to advance the Web3 capabilities of high-profile sporting and entertainment firms to create nonfungible tokens (NFTs) and fan tokens, construct decentralized finance (DeFi) applications and play-to-earn (P2E) games, as well as implement a range of programms and services for their community.Founded in 2018 and headquartered in Malta, Chiliz has established itself as the leading digital asset for sporting engagement, with their native token, CHZ serving as the primary currency within the fan-orientated Socios.com platform.Providing specific details on the process of stakeholder approval, as well as the on-chain validation mechanism proposed within the proof-of-stake authority model, Chiliz chief strategy officer Max Rabinovitch stated, “the number of validators will increase over time as the ecosystem grows and the fees are significant enough to be shared across more validators.”“Approval of the validators must go through our governance process, with validators voting to approve any new validators. Voting power will depend on the amount of $CHZ stacked by each validator.”Following successful implementation of a six-phase testnet roadmap — in which each iteration’s title is aligned with the brand ethos, and follows a chronological order based upon the chilli pepper Scoville scale — the Habanero mainnet launch is expected between Q3 and Q4 of this year. CC2 WILL become the protocol foundation of a web3 development ecosystem geared around the needs of sports & entertainment organisations ️$CHZ pic.twitter.com/Nht0PqIzGf— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) March 31, 2022CHZ is currently ranked 66th in market capitalization ranking and priced at $0.284, at the time of writing. The asset reached an all-time high of $0.89 just over a year ago and has since contracted in relative parity with other assets in the market.Speaking on the projects vision for the growth in engagement and utility of the CHZ token for both fans and developers amid a transition towards a more inclusive ecosystem, Rabinovitch revealed that “utility and fan engagement is achieved through fan tokens on Socios.com, where CHZ has existed as a medium of exchange, but thanks to CC2, Socios.com is no longer the sole steward of the Chiliz narrative”, and that “holders will be able to stake their CHZ allowing them to become active network participants.”The Chiliz Labs accelerator program will also provide infrastructure services, technical assistance and funding grants to developers seeking to build on-chain applications upon the CC2 network. Related: Cointelegraph Top 100 2022 – Alexandre Dreyfus, CEO of Socios.com and Chiliz – #23Earlier this week, Socios.com announced the signing of footballing icon Lionel Messi as the company’s inaugural global brand ambassador. The deal was reportedly worth over $20 million and extends for an initial three-year period.Having secured partnerships with over 130 established organizations from the footballing world, including Messi’s former boyhood club FC Barcelona, and his current outfit Paris Saint-Germain, Socios believe the acquisition could enrich worldwide opportunities for fan participation in their beloved game, as well as encourage greater engagement in digital asset experiences on their platform.Rabinovitch candidly expressed his enthusiasm for the partnership by referring to Messi as the “greatest-of-all-time,” or the GOAT, a cultural accolade often attributed to the sports’ most esteemed players such as Pele and Diego Maradona, and more recently, Cristiano Ronaldo and Leo Messi. The debate on who the true GOAT continues is!Today roughly 90% of our Twitter using employees spent 5 minutes+ each trying to figure out a more clever way to signal that we signed Messi, only to end up smashing the GOAT emoji & calling it a day.— Max Rabinovitch (@Max_Rabinovitch) March 29, 2022

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Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space

Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space

Uverejnil používateľ | mar 30, 2022 |

Layer-2 Ethereum scaling solution, Polygon (MATIC) has announced the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized application (DApp) economies by providing users greater privacy and sovereignty within Web3.Professed to be the first identity platform of its kind to adopt cryptographic-based zero-knowledge technology, the platform will utilize Iden3’s Circom ZK toolkit, including zk-SNARK cryptography for the generation and the zk-Proof Request Language protocol to verify the authenticity of the proposed claim.Users of the platform can provide proof of their identity when engaging in activities such as initial coin offerings, token airdrops, decentralized exchange (DEX) trading, or those in which strict Know Your Customer (KYC) requirements apply.With the capacity to introduce a Sybil-resistant one-vote-per-person mechanism, the use-cases can also expand beyond the DeFi sector, to the metaverse, gamify and nonfungible token (NFT) industries whereby asset authenticity is verified via on-chain, privatized claims.The team is expecting to deploy the public version of the ID wallet app during Q2 of 2022, alongside features such as “Claims Issuance, Private Authentication, zk-Proof Generation and Verification,” with the full platform release and accompanying SDK functionalities scheduled for the following quarter.Source: PolygonRelated: Here’s how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep NailwalIn November 2021, Polygon made a concerted effort to expand its zero-knowledge proof development by pledging over $1 billion towards the technology, a sum that included 250 million MATIC tokens for startup firm Mir.On a video call with Cointelegraph, Rafal Nazarkiewicz, the product manager at Polygon Hermez and Polygon ID, shared exclusive insights into the technicalities and purported benefits of the technology for blockchain advocates and consumers, alike.Speaking on the importance of identity ownership within the Web3 space, Nazarkiewicz argued that “identity is fundamental for many use-cases within digital inclusion, and for the right to be recognized,” and that “in Web3, it’s supposed to be private by default and decentralized,” before affirming that none of the content of the claims, for example, their personal information, will be transacted or stored on-chain, only the proof of validity.The use-cases of identification systems are not wholly limited to on-chain activities, but can also be utilized in the interaction of traditional contract agreements, aNazarkiewicz reveals, such as “legal ownership for the propose of transfer of tokenized assets such as securities, intellectual property and land titles.”Keep personal details, personal.Introducing Polygon ID – a self-sovereign identity solution powered by zk cryptography.- Complete user-privacy- Scalable on-chain verification- Open attestation ecosystem #OwnYourIdentityTL;DR [1/7] pic.twitter.com/f5aFc5jRD7— Polygon | $MATIC (@0xPolygon) March 29, 2022

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OpenSea set to integrate Solana in April, further expanding the NFT ecosystem

OpenSea set to integrate Solana in April, further expanding the NFT ecosystem

Uverejnil používateľ | mar 30, 2022 |

NFT marketplace OpenSea has announced an upcoming integration of the Solana (SOL) blockchain within its platform, a long-awaited move that industry experts and numerical data suggest could have reciprocal benefits across both ecosystems, as well as positive sentiments for the wider NFT space.Scheduled to commence on a yet-to-be-disclosed date in April, Solana will join the list of three networks, Ethereum, layer-2 Polygon and Klaytn, and will be visible via the drop-down ‘all chains’ tab on the rankings page.Alluding the vast number of tweets and media publications on the potential for a Solana launch, OpenSea cheerfully referred to the announcement as the “best-kept secret in Web3” Head of Blockchain, Adam Montgomery also shared his perspective on the launch.Their sixteen-second teaser video was received with strong fanfare, a reception numerically validated with the tweet attaining 615,500 views, 8,964 retweets and 21,700 likes in the eighteen hours since release.If you haven’t heard from me in a while…this is why. Huge effort to get this built, super proud of the team @opensea https://t.co/sZQl2HITpU— Adam Montgomery (@montasaurus_rex) March 29, 2022The emergence of NFT marketplace LooksRare in January 2022 was the first genuine leadership challenge to the multi-year monopoly held by OpenSea within the NFT space. It saw the adoption of an airdropping model which granted seasoned investors the opportunity to claim governance LOOKS tokens as incentives for utilizing the platform.Quantitative data from Dune Analytics reveals that LooksRare has registered a total of 55,874 users since inception on Jan. 10, facilitating over $21.3 billion in trading volume. In comparison, OpenSea has registered 884,052 new users since the release of its competitor, however, these investors have only traded a little over $12 billion in volume.For this reason, LooksRare are currently edging the battle for market share based upon trading volume, with a percent of 52.4% compared to OpenSea’s 47.6%.Related: 5 NFT marketplaces that could topple OpenSea in 2022In the case of Solana’s ecosystem, DappRadar marketplaces data reveals that Magic Eden is leading the space at present with a $41.05 million trading volume over the past 30-days, followed by Solanart and Solsea with $4.39 million and 656,830, respectively. Following Magic Eden’s collaborative partnership with entertainment firm Overtime, the co-founder of Magic Eden, Jack Lu, in conversation with Cointelegraph, stated their belief that NFTs will enable the “next generation of sports fans [the ability to] experience sports in a totally different way than the previous generation of millennials, who grew up passively watching sports on TV or IRL.” 

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