Investors will receive tokenized fund interests, which are transferable on-chain, including through approved smart contracts. Ondo wants to create a compliant on-chain financial ecosystem supporting both permissioned and permissionless assets.
2. Cloud computing platform Amazon Web Services (AWS) to partner with Ava Labs link
Ava Labs and Amazon Web Services (AWS) have joined forces to accelerate enterprise, institutional, and government adoption of blockchain. Ava Labs plans to add Subnet deployment as a managed service to the AWS Marketplace. The AWS-Avalanche cooperation makes it easier for more people to launch and manage nodes on Avalanche.
3. Solana’s weekly summary
a. Mainnet beta Explorer and Solana Foundation Public RPC endpoints are currently offline as RPC node software is upgraded link
Mainnet beta Explorer and Solana Foundation Public RPC endpoints are currently offline as RPC node software is upgraded, following a bug in test release 1.14. Block production has not been impacted and the Solana network has not been impacted.
b. The U.S. Department of Justice is investigating Ian and Dylan Macalinao link
The U.S. Department of Justice is investigating Ian and Dylan Macalinao, the two brothers behind the Solana protocol Saber Labs. Ian forged 11 false identities and edited the TVL algorithm, causing billions of dollars of funds to be double-calculated multiple times.
c. The Solana game Tiny Colony has been migrated to Immutable X link
This is a pixelated building and management simulation game. Tiny Colony was the best-selling franchise on Solana’s eco-game marketplace Fractal.
4. ETH’s weekly summary
a. Ethereum developers have submitted an improvement proposal EIP-5988 link
Ethereum developers have submitted an improvement proposal EIP-5988, improves the efficiency of running zero-knowledge proofs on the Ethereum network, and reduces the cost for proof-of-reserves such as Merkle-based proofs on-chain.
b. Ethereum developer pcaversaccio drafted and submitted EIP-6269 link
This meta EIP standardises the definition of “Full Ethereum Virtual Machine (EVM) Equivalence”. EVM Equivalence allows existing Ethernet stacks to integrate directly with L2 systems.
c. The Ethereum Foundation and Vitalik held the first AMA on reddit in 2023 link
Vitalik said wallet security and privacy are the two main non-scaling related issues. The most important thing right now is to not take any irreversible steps. At the protocol level either it remains censorship resistant or it does not make sense at all.
5. Layer 2’s weekly summary
a. ConsenSys zkEVM Private Beta is now open for selected users link
Once users receive an email confirming they have been onboarded, they will receive instructions on how to interact with the zkEVM testnet. Participants will be able to bridge assets between the Goerli test network and zkEVM to test their dapps.
b. BitDAO announces the launch of L2 public test network “Wadsley” for Mantle link
BitDAO announced the launch of “Wadsley”, a public test network for Mantle, claiming to be the first modular Ethereum L2 network, and Mantle is using data availability solutions such as EigenLayer to further optimize network performance.
c. OP Labs has completed the upgrade of Optimism’s Goerli Testnet to Bedrock link
Deposits and withdrawals are re-enabled, and the Optimism Goerli Sequencer is back up and running. Previously, OP Labs said the upgrade will reduce gas fees by approximately 20%, shorten deposit times, build a more secure and stable code base and product, and simplify the node infrastructure.
d. Orbiter Finance has integrated Ethereum Layer 2 network Taiko on testnet link
On January 12, Layer 2 cross-chain bridge Orbiter Finance integrated the zkRollup-based Ethereum Layer 2 network Taiko on testnet.
e. GMX generated more than $2.74 million in fees on January 9, a record high link
With the recent increase in volatility, GMX (Arbitrum+Avalanche) generated more than $2.74 million in fees on January 9, a record high, second only to Ethereum. 30% of GMX fees will be distributed to GMX holders as revenue, approximately $822,000.
6. Waves’ weekly summary
a. Waves will release Waves 2.0 Litepaper in Jan-Feb link
Waves will release Waves 2.0 Litepaper, conduct a Power airdrop, and create a new token bridge in Jan-Feb of this year. Previously, Sasha Ivanov announced plans for Waves 2.0 in 2023, including the use of multi-chain EVM L2 as a cross-chain bridge between different L1s.
b. USDN is transitioning from stablecoin to Waves Ecosystem Index Token (WIXT) link
The Neutrino team’s proposal to move the USDN from stablecoin to the Waves Ecosystem Index Token (WIXT) has been accepted. WIXT will no longer be pegged to the dollar.
7. Polygon eyes hard fork in January to address reorgs and gas fee spikes link
The developers at Polygon PoS blockchain proposed the launch of a hard fork software upgrade to address gas spikes and enhance the security of blocks on the sidechain network. If approved by the community, the hard fork will aim to reduce the impact of transaction fee spikes and chain reorganizations.
8. NFT’s weekly summary
a. Warner Bros. official “Game of Thrones” NFT released in Nifty link
The first collection of the official Warner Bros. Game of Thrones NFT “Game of Thrones: Build Your Realm” launches on January 10 at Nifty for $150 for a total of 5,000 units (3,450 pre-orders, 1,500 public sales, 50 community giveaways). Previously, Warner Bros. had released various NFT collections such as Lord of the Rings and Bugs Bunny.
b. BAYC official announced the launch of the MINT game Dookey Dash link
Users need to hold a Sewer Pass to experience it. Only BAYC/MAYC holders of Sewer Pass can apply for free on January 17. Validated Sewer Passes will be eligible to transform into a mysterious new power source.
c. Binance NFT Marketplace to remove 17 NFT collections at 2023–01–18 23:59 (UTC) link
Binance NFT Marketplace periodically reviews listed NFT collections to ensure that it continues to meet the high level of standard. If an NFT collection does not meet the standard, Binance NFT may conduct a more in-depth review and potentially take the NFT collection down from Binance NFT Marketplace.
d. Azuki announced the official launch of the virtual city Hilumia link
NFT brand Azuki announced the official launch of the virtual city Hilumia, which includes the high-quality toy store Slowpoke’s Toy Haven, the design platform Ember Square, the skateboard community Golden Skate Park, and more.
9. TreasureDAO released TIP 23 Atlas Mine Cataclysm (Sunset Hour) Proposal link
If the proposal passes, in Phase 1, approximately 50 million MAGIC from 12 month stakers in the Atlas Mine will unlock and begin vesting on 25th January; Phase 2 will be the disable emissions to the Atlas Mine with a deadline for ‘Cataclysm’.
10. WOO Network to roll out a series of improvements to its tokenomics over 2023 H1 link
Cryptocurrency liquidity platform WOO Network has announced a series of improvements to WOO tokenomics for the first half of 2023. WOO Network will burn over 705 million WOO tokens, about 24% of the max supply, as WOO Ventures, WOO DAO, and the insurance fund are wound down.
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