Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, Ethereum reporter of Coindesk, replacing Ben Schiller.
In this number:
- The history protocol begins to allow people to register on IP and pay them for it
- Ethereum Developers launched a new initiative to simplify cross -chain transactions
- Ethereum L1 monad unites forces with an orderly network for defi boost
- How a acting president became Crypto’s most wanted investor
Network news
The history protocol goes live: Story Protocol launched its blockchain focused on intellectual property and its associated token IP last week. The blockchain is positioned as the “intellectual property network of the world”, providing users with a way of registering their IP and tracking how they use them. The token “$ IP” rightly called, which announced the story earlier this month, is used for transaction rates and offers users a vote in the governance system of the platform. Until now, the blockchain focused on IP seems to have had legs, at least with investors. PIP Labs, the main developer of the chain, raised $ 80 million in a Risk of Risk Financing of Series B directed by Andreessen Horowitz (A16Z), which carries the total financing of the project to $ 140 million. PIP has tried to position history at the intersection of blockchain and artificial intelligence, a way for people to track and be paid for the data used to train AI models. The launch of the Mainnet history accompanies the first unlocking event for the newly announced token IP. “The history unlocks 25% of the 1 billion initial IP, with 58.4% dedicated to the ecosystem and the community, the initial base and incentives,” according to the project. – Sam Kessler Read more.
Ethereum developers launch the new open attempt frame: A group of main developers and leaders of Ethereum launched on Wednesday a new frame that would simplify and standardize cross -chain tokens transfers.
The initiative, called Framework Open Atants (OIF), was initiated by taxpayers of the Ethereum Foundation and has the support of 25 projects, including equipment that builds layer 2 such as arbitrum, optimism, zksync and scroll, according to a shared press release With Coendesk the objective of the initiative is to bring “attempts” to all corners of the Ethereum ecosystem, which is a Technological characteristic that allows a block chain The user achieves a specific objective asking an intermediary to meet that goal (such as a trade or transaction they want to do). There are some standards that are already trying to facilitate cross -chain transactions using attempts. ERC-7683, which was introduced by the team behind the Uniswap decentralized exchange and the protocol through the protocol, is one of those standards that circulate the Ethereum space lately, and it is supposed to address fragmentation and allows more chains in the ecosystem of Ethereum to interoperate. But the OIF team states that they will be based on that standard through its frame, which allows attempts to work on a scale. “By offering a shared coordination of infrastructure and execution, OIF makes transactions based on intention not allowed, efficient and accessible to all projects,” said the press release. – Margaux Nijkerk Read more.
Monads and ordered forces of union: Monada, a layer 1 block chain of Ethereum Virtual Machine (EVM) about to start its test net, has joined forces with an orderly network, a decentralized exchange infrastructure (DEX) that admits a range of other chains, As the platforms extend their networks in advance. of a second summer of decentralized finance (defi). The arrival of the Monada Testnet on Wednesday will provide merchants with a rapid construction site compatible with EVM and the possibility of Airdrops in the L1. The Orderly band of approximately 20 market manufacturers includes Wintermute, Selini and Riverside, according to a press release. Companies in the decentralized commercial industry, which includes important exchanges such as Coinbase (COIN), expect an increase in Defi’s activity in the coming months, since the cryptographic administration of President Donald Trump Trump gives Crypto a regulatory tail wind. Defi’s first summer, in 2020, came after the interest rate cuts of the Federal Reserve in response to the Covid outbreak. Orderly already offers users a book of shared orders in multiple blockchains, including referee, optimism, polygon, base, mantle and close. – Ian Allison Read more.
Trump: Crypto’s most influential investor?: Crypto is not so different from politics. According to Rushi Manche, the founder of Blockchain Company Movement, “Crypto is a care game.” It is appropriate, then, that Donald Trump, the teacher of everything related to attention, is thus selling memecoins. But it is not just Trump’s internal circle that has managed to capitalize on its cryptocurrencies, which include the $ Trump and World Liberty Financial currency. Once a cryptographic vocal skeptic, the president has become the “largest key opinion leader” in the industry, or Kol, in the language of the blockchain industry: a merchant whose portfolio is closely observed by other investors They decide what to buy and sell. Trump’s incursion in Crypto has created a new market plays book for the ambitious street vendors such as Manche, the founders of Blockchain who realize that pumping the price of a file can be as simple as coding in the crypto portfolio of a president of a acting president. The president’s main vehicle for Blockchain Trade is World Liberty Financial (WLFI), a decentralized finance company (Defi) that announced with their children during the summer. After accumulating more than $ 400 million selling a Token, the company, which does not yet have a product, has created a portfolio that contains millions of dollars in the assets of other cryptographic projects. On Wednesday, he announced that he would launch an official “strategic reserve” Crypto Investments. The trades have already raised serious concerns about conflicts of interest, internal treatment and the very nature of how the influence in the digital asset space is used. Trump’s political opponents are asking for research in their growing Blockchain empire. But the founders of Crypto as Manche see World Liberty crypto investments as something different: a unique marketing opportunity in generation. “You need to have a product road map that makes sense,” said Manche. “But you also need to have a strategy for your token.” And what better way to increase the price of its cryptocurrency than to publicly linking it to the leader of the free world? – Sam Kessler Read more.
In other news
- Libra Token cooker said he paid the sister of Argentine president Milei: It was not clear if money was exchanged between Davis and Milei’s intimate circle before the launch of Libra. Danny Nelson reports.
- Is the cryptography of the Argentine president Milei ‘Fiasco’ a block of mortal for the madness of Memecoin?: The last frenzy that began with the launch of Trump Memecoin of the president of the United States, Donald Trump, and saw the merchants doing and losing millions in a matter of minutes, could have collapsed with the Fiasco de Token Libra.
- Regulatory and political: ETORO ensures Chipre’s Mica license to offer cryptographic services in the EEE.
Calendar
