During the week from May 22nd to May 28th, the developments worthy of attention are as follows:Worldcoin Closes $115M Series C Funding Led by Blockchain Capital；Solana launches ChatGPT plugin and completes AI integration to help users interact with its network；Polygon: Optimizations to the Polygon zkEVM in the coming weeks are expected to reduce fees by ~20%；Base: The release of the mainnet needs to meet five conditions, and two of them have been completed；Ledger to delay release of Ledger Recover (key recovery) feature；LayerZero: There is currently no token airdrop or listing plan；Multichain: Some cross-chain routes cannot be used due to force majeure, and affected users will be compensated；Curve allows to have an internal oracle to track prices and will no longer rely on external oracles；NFT Marketplace Blur Launches ETH Loan Batch Repayment Feature。
Bottom-Layer 1
Bottom-Layer 1
Worldcoin Closes $115M Series C Funding Led by Blockchain Capital
Odaily news OpenAI CEO's encryption project Worldcoin development company Tools for Humanity announced the completion of $115 million in Series C financing. This round of financing was led by Blockchain Capital, with participation from a16z, Bain Capital Crypto and Distributed Global. Funds from this round of financing will be used to accelerate the development and growth of the Worldcoin project and the World App, the first crypto wallet for the Worldcoin ecosystem.
Worldcoin is an open-source protocol supported by a global community of developers, individuals, economists, and technologists committed to expanding participation in and access to the global economy. The Worldcoin Foundation is the steward and will support and grow the Worldcoin community until it becomes self-sufficient. Tools for Humanity helped launch Worldcoin and currently serve as an advisor to the World App Foundation and operators. (CoinDesk)
Odaily News Aptos announced the release of Move V1.3. For Move Objects, the framework simplifies resource management across different assets. Developers can now use account-independent global storage to access and manage heterogeneous assets. According to Aptos, this greatly simplifies development complexity and unlocks new possibilities in composability, ownership management, multiple resources per account, event tracking, security permissions, and persistent storage.
In addition, Aptos said that in terms of Gas, 90% of the transactions on Aptos have reduced Gas by more than 10 times, and the execution Gas usage has been reduced by 100 times. In terms of multi-signature account (Multisig Account) v2, the new multi-signature account provides more transparent functions than the original multi-signature account design. Multi-ed 25519 authentication keys improve key escrow and asset security, significantly improving treasury management and smart contract management.
Solana launches ChatGPT plugin and completes AI integration to help users interact with its network
Odaily News The Solana Foundation has officially integrated AI into its network through the ChatGPT plug-in developed by Solana Labs. The ChatGPT plug-in will initially focus on NFT and can be used to purchase and list NFT, transfer tokens, checkout transactions, interpret data, and floor prices Find NFT collectibles.
Additionally, the Solana Foundation expanded its grant program for Solana-based AI-focused projects to $10 million from $1 million in late April.
Cosmos integrates ICS-721 standard to enable cross-chain tracking and transfer of NFT
Odaily News Cosmos has recently integrated the NFT interoperability standard ICS-721. The ICS-721 standard will allow users to track and transfer their NFTs across chains without using bridging protocols. The new protocol enables NFT to be integrated into various fields, such as games, Web3 identity protocols, and social platforms.
ICS-721 is described as an application-layer inter-blockchain communication (IBC) protocol that enables communication between blockchains without the need for a bridging protocol. The ICS-721 NFT standard is a collaborative project between the Interchain Foundation and Bianjie to add utility to cross-chain NFTs by enabling cross-chain interoperability. (NFTgators)
Odaily news The "Airdrop" button has appeared on the official website of the Sei Foundation, and it is suspected that the details of the airdrop will be announced soon.
Shardeum plans to launch the mainnet in Q3 or Q4 this year and launch Token
Odaily News Layer 1 blockchain Shardeum announced plans to launch the main network in the third and fourth quarters of this year. According to the roadmap, the mainnet launch is also accompanied by a Token Generation Event (TGE).
Layer 1 public chain LUKSO mainnet has been launched
According to official news from Odaily, the LUKSO mainnet has been officially launched. It is reported that LUKSO is a Layer 1 blockchain launched by Fabian Vogelstelle, one of the proposers of the Ethereum ERC-20 standard, and others.
Odaily news Cosmos ecology does not require permission CosmWasm smart contract platform Neutron announced its token NTRN issuance plan, the arrangement is as follows:
- Airdrops to Cosmos Hub stakers starting May 24th;
- A liquidity auction will be held from May 24th to May 31st, and the liquidity activation mechanism for NTRN, ATOM and axlUSDC will be opened;
- The Lockdrop program, running from May 31st to June 5th, provides an incentivized liquidity option for liquidity auction participants who wish to lock up tokens for up to 12 months and earn Lockdrop Rewards;
- The release of NTRN is scheduled to end on June 5th, when tokens from airdrops and liquidity auctions will begin to unlock linearly over three months. Locked tokens will still grant voting rights, and liquidity mining rewards can be withdrawn immediately.
TON Accelerator Program to Allocate $25M This Year to Advance Ecosystem
Odaily News The TON Accelerator Program will allocate US$25 million this year to promote the construction of the ecosystem. The funds will be provided by TONcoin.Fund, a TON-based fund worth US$250 million dedicated to supporting founders, and will flow into various key projects, with a particular focus on decentralized finance (DeFi). Each project will receive between $50,000 and $250,000 in funding. In addition to funding, each investment will receive collaboration and mentorship from an accelerator partner.
The initial selection of projects supported by this round of funding will focus on those participating in Hack-a-TONx DoraHacks, a two-month virtual hackathon organized in partnership with DoraHacks. Projects building on top of TON (i.e. supporting TVM and the TON smart contract language) are eligible to submit early funding applications.
Odaily News Zcash development team Electric Coin Co. (ECC) announced the reorganization of the company, which will narrow the focus of the team and transfer some Zcash support functions to the wider community to improve the resilience and sustainability of Zcash development.
ECC said it was laying off 13 employees, about half of its team, in the reorganization. Over the next few weeks, the ECC will release a revised roadmap focused on empowering and giving voice to ZEC holders, including: creating a great user experience for PoS ZEC; Easy to use for everyone; launch of mobile wallet SDK, useful for other Zcash builders; US policy work to ensure ZEC, self-custody and staking are still viable in the US.
Bottom layer-Layer 2
Bottom layer-Layer 2
Polygon: Optimizations to the Polygon zkEVM in the coming weeks are expected to reduce fees by ~20%
Odaily News Polygon tweeted that the optimization of Polygon zkEVM in the next few weeks is expected to reduce the cost by about 20%, and does not involve any compression.
Transaction fees on Polygon zkEVM include data availability and the cost of issuing proofs to Ethereum. The Polygon zkEVM publishes state data for each transaction processed, and the fee also includes the cost of running the server that generates the proof. Data availability accounts for approximately 80% of transaction fees on the network.
Odaily News Arbitrum development team Offchain Labs announced that it has written a complete and effective fraud proof program for the next-generation programming environment Stylus.
It is reported that Stylus allows users to deploy contracts written in their favorite programming languages (including Rust, C, C++, etc.). The team leveraged Nitro to enhance security for Stylus contracts in WASM and expand EVM+ support. Stylus is expected to be audited and ready for production this year.
Matter Labs hires former Activision Blizzard exec Michael Lee to push zkSync games forward
Odaily News zkSync development team Matter Labs has hired former Activision Blizzard community vice president Michael Lee as its senior vice president of growth to focus on bringing games to its zkSync. According to Michael Lee, zkSync will support the development work of AAA game studios or game developers interested in cryptocurrencies. (The Block)
Base: The release of the mainnet needs to meet five conditions, and two of them have been completed
Odaily news The Layer 2 network Base launched by Coinbase issued a document saying that some preconditions need to be completed before the main network is launched, including:
1. Successful completion of Regolith hard fork in testnet (Completed);
2. Successful infrastructure review with OP Labs team (completed);
3. Optimism successfully completed the Bedrock upgrade;
4. Successful completion of internal and external audits with no serious issues;
5. Prove the stability of the testnet.
infrastructure components
infrastructure components
Ledger to delay release of Ledger Recover (key recovery) feature
Odaily News Ledger announced that it will postpone the release of the Ledger Recover (key recovery) function, and this new function will not be introduced until the code is released.
The Ledger Recover service splits the private key recovery phrase into three encrypted shards and distributes them to three custodians: Ledger, crypto custodian Coincover, and code escrow company EscrowTech. If someone loses their recovery phrase, two of the three shards can be merged (pending ID check) to regain access to locked funds. The feature has raised privacy and security concerns among some users.
ConsenSys Clarifies: MetaMask Does Not Tax Crypto Transactions, Terms of Service Not a Recent Change
Odaily News ConsenSys tweeted in response to questions about withholding taxes: "We have noticed that tweets about inaccurate information about ConsenSys' terms of service are circulating. To clarify: MetaMask does not tax cryptocurrency transactions, and we have not charged us for this. terms. At ConsenSys, our goal is to make Web3 universally easy to use, access and build on through our suite of products.”
ConsenSys continued: "It is worth noting that the terms referenced in the tweet are not new. They apply to products for which we are subject to sales tax. The tax section of our terms of service falls under the 'Fees and Payments' section, which Only pertains to products and paid plans offered by ConsenSys. For example, Infura's credit card developer subscription includes sales tax. The legalese can be complex, but the point is to emphasize that this part does not apply to MetaMask or any other product that does not involve sales tax. We believe in transparency and accuracy when sharing information with our users. Our commitment to combating misinformation about our products and services remains steadfast. We encourage everyone to visit our website to learn more about our products, If you have any questions or concerns, please contact us.
LayerZero: There is currently no token airdrop or listing plan
According to Odaily, LayerZero employee 0x Lamps said in its official Discord, "There is currently no token airdrop or listing plan, please check our official Twitter page for the correct information. We have always focused on building and creating a good development experience."
Odaily News Multichain tweeted that although most of the cross-chain routes of the Multichain protocol are operating normally, due to force majeure, some cross-chain routes cannot be used, and the time to restore services is unknown. After service is restored, pending transactions will be credited automatically. Multichain will compensate users affected during this process, and the compensation plan will be announced later.
According to yesterday’s report, in response to the “delay in the arrival of Multichain cross-chain funds” reported by many community users, the Multichain official responded in the community that the upgrade of the back-end nodes took longer than expected. Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are temporarily suspended. All affected transactions will arrive after the upgrade is complete.
Odaily news Layer 2 interoperability protocol Connext launched Chain Abstraction, users do not need to switch networks, sign transactions on different chains, or pay gas fees on another chain, they can use any token in the same UI to interact with DApp from the supported chain .
This feature can be used to deposit funds into a pool or treasury, participate in LBP or airdrops, pay for infrastructure, purchase NFT or POAP, stake ETH in the LST protocol, etc.
In addition, Connext also released the Chain Abstraction Tookit to help developers integrate new features. The toolkit includes a set of audited smart contract modules and pre-built UI components that will be launched soon.
Additionally, Swell official Discord related character holders and Gitcoin donors will receive matching pearls at the end of the Voyage program. Pearl counts will be updated on the Voyage dashboard every Wednesday at 2:00 UTC.
Additionally, Swell official Discord related character holders and Gitcoin donors will receive matching pearls at the end of the Voyage program. Pearl counts will be updated on the Voyage dashboard every Wednesday at 2:00 UTC.
a16z Crypto open source on-chain privacy voting system Cicada
Odaily news a16z Crypto released the open source Solidity library Cicada. Cicada leverages time-lock puzzles and zero-knowledge proofs to enable on-chain privacy voting, guarantees minimal trust assumptions, and is available on the Ethereum mainnet. Cicada formal certification is also coming soon.
DeFi
Curve allows to have an internal oracle to track prices and will no longer rely on external oracles
Odaily News The decentralized trading protocol Curve will no longer rely on external oracles, so it can better protect users from the risk of attacks and remote code execution. At present, Curve has passed a new proposal that basically allows new types of pools to have their own internal oracles. Liquidity pools can track the exponential moving average of transaction prices, averaging according to transaction size and time, without relying on external data sources. This move will enhance Curve's decentralized nature and improve its security and reliability.
Uniswap Foundation Solicits Community Proposals on How to Distribute ~4.4 Million ARBs
Odaily News Erin Koen, one of the managers of the Uniswap Foundation, solicited proposals on "how to allocate about 4.4 million ARBs" in the Uniswap community.
The Arbitrum DAO has allocated a portion of the ARB tokens to protocols based on and contributing to the development of the Arbitrum ecosystem. Uniswap will receive approximately 4.4 million ARBs as part of the distribution. These tokens will be sent to the DAO's alias address on Arbitrum; how the distribution is deployed will be subject to normal governance votes.
The proposal period lasts two weeks until June 7. At that point, proposals that have received community feedback should be incorporated into a new Temperature Check post according to the approved governance process.
MakerDAO Development Team Proposes Raising DAI Savings Rate to 3.33%
Odaily news As the Federal Reserve seeks to combat persistent inflation, the MakerDAO core development team proposes to increase the DAI savings rate to 3.33%. According to MakerDAO, the Dai savings rate, known as the DSR, can be adjusted to respond to short-term changes in market conditions in the Dai economy. Primoz Kordez, founder of Block Analitica, said that if the proposal passes, it will increase interest rates across the DeFi space.
Phoenix Labs Launches Spark Protocol Update Proposal: Proposed Raise of D 3 M Debt Ceiling
Odaily News According to MakerDAO’s disclosure on social media, Phoenix Labs has initiated a Maker governance proposal for Spark Protocol update on MakerDAO. The main contents include: raising the D 3 M debt ceiling to 20 million DAI, deploying SubDAO agents, adding administrator roles, and deploying The new DAI interest rate strategy to precisely match the DSR, the new interest rate strategy suggests increasing the DSR to 3%.
QuickSwap launched the decentralized perpetual contract exchange QuickPerps
Odaily news Polygon ecological DEX QuickSwap tweeted that its decentralized perpetual contract exchange QuickPerps has been launched, providing early users with rewards, NFT, transaction fees, etc., and supports up to 50 times leverage.
0x releases the latest version of DEX aggregator Matcha, launching a new trading mode "Matcha Auto"
Odaily news infrastructure provider 0x released its latest version of Matcha. It is reported that this is a decentralized exchange (DEX) aggregator, which includes a number of new features focused on enhancing the user's trading experience. Matcha introduces a new transaction mode for users called “Matcha Auto,” which doubles the likelihood of a transaction being included in the next instant block while reducing the chances of it failing.
Lyra Newport release will integrate with Synthetix Perps to provide deep liquidity
Odaily News Option Protocol Lyra will soon release the Lyra Newport version. This release integrates Lyra with Synthetix Perps, which provides deep on-chain options liquidity, low fees, and low-slippage trading.
NFT
NFT Marketplace Blur Launches ETH Loan Batch Repayment Feature
Odaily News The NFT market Blur announced a new feature, users can now borrow ETH and repay the loan in batches instead of all at once.
This feature is available for NFTs purchased using "buy now pay later" (BNPL) and directly borrowed NFTs. If the loan is called on, users can extend the loan by paying a fee as low as 0.1 ETH instead of repaying the full amount immediately. This can also be used to refinance the loan for a better rate.
LooksRare: The Moonshot team has been formed and will regularly repurchase LOOKS
Odaily News The NFT market LooksRare announced that it has formed a Moonshot team to generate fees for the LooksRare protocol and use part of the revenue to regularly repurchase tokens LOOKS from the market.
Currently, LooksRare has repurchased more than 550,000 LOOKS (more than $45,000) from the previous 5 raffles, and the repurchased tokens will be deposited into the LooksRare treasury.
Magic Eden core market contract officially opened
Odaily News According to the official Twitter, the cross-chain NFT market Magic Eden announced that its core market contract has been officially opened, and users can now directly use Magic Eden's Interface Definition Language (IDL, Interface Definition Language) to analyze transactions on the platform.
Additionally, developers can now use CPI to create/complete listings, Magic Eden removes co-signatures for related functions, and anyone can build on its NFT listing contract. Currently, Magic Eden has uploaded the M 2 open source code to GitHub.
AlienSwap NFT Market Releases Explorer Plan Roadmap, Including Community Airdrop Plan
Odaily News AlienSwap NFT Market released the roadmap of the Explorer Program, and announced a series of innovative products and community airdrop plans to be launched soon. During the Explorer program, it will release an NFT code-free creation platform, the first NFT trading innovation zone, alien launchers, space race airdrops and support for multi-chain deployment.
AlienSwap will launch the NONE-ZERO NFT experiment within a week, and airdrop commemorative NFT and LaunchPad points to community users to officially launch the Explorer Program.
ParaSpace founder Yubo hints at rewards for loyal users
Odaily News ParaSpace founder Yubo tweeted, "For those who stay in the chaos, there will soon be something suitable for you." His tweet is equipped with a gift icon with the ParaSpace logo, suggesting that it will be distributed to loyal users related rewards.
NFT lending platform Astaria has officially launched
Odaily News According to official Twitter, Astaria, the NFT lending platform co-founded by the former Sushi CTO, announced its official launch today. Astaria is a borrower-centric platform with instant liquidity, fixed terms, and no mandatory liquidation.
Doodles Lianchuang reveals that Doodles AR app is being tested
social contact
social contact
Flipboard to Integrate 'Decentralized Twitter' Social Project Bluesky
Odaily News The social magazine app Flipboard will integrate the decentralized social networks Bluesky and PixelFed, allowing Flipboard mobile app users to intuitively browse posts, photos, comments, favorites, replies and scroll through custom feeds from Bluesky and PixelFed. Flipboard is the first major tech company to integrate with Bluesky, which will begin rolling out to iOS and Android users today, while PixelFed support will follow in the next few days.
Sui Name Service to start auction on May 31
game
game
Ethereum Fantasy Football Game Sorare Releases Alternative for French Players
Odaily News Ethereum fantasy football game Sorare released an alternative for French players. The French government recently stated that it plans to introduce a bill to introduce a new regulatory framework for "in-game exchangeable items".
Sorare has reached an interim solution with the French National Gaming Authority (ANJ) to help players legally registered in France to access Sorare. But that framework comes with a set of gameplay-altering limitations. Players in France will be able to access the game by submitting their phone number and proof of residency, once this feature is provided they will no longer be able to compete with NFT versions of digital cards with unique rarity characteristics, instead they will have a non-blockchain version of the card, These cards have similar qualities to Sorare's NFT-based cards.
The interim solution is already live on Sorare: Football and will be live on May 26th on Sorare: MLB and this fall on Sorare: NBA.
STEPN becomes the world's first blockchain gaming app to integrate Apple Pay
Odaily News STEPN announced that it has become the world's first blockchain game application that integrates Apple Pay. This milestone integration allows users to use Apple Pay as a simple, secure and private payment method to purchase products and services within the STEPN application. upgrade. Users only need to add their bank cards to their Apple Wallet, and can make NFT transactions in the app's built-in market without using an encrypted wallet.
Axie Infinity Introduces PFP Avatar Casting Capabilities for Digital Identity Proof
According to official news from Odaily, the chain game Axie Infinity announced the launch of the Axie Avatar Forge function, which is a standardized and scalable way to issue digital identity certificates for users.
security incident
security incident
ZachXBT: Fintoch is suspected of a Ponzi scheme, defrauding users of 31.6 million USDT
ZachXBT, an analyst on the Odaily chain, tweeted that the blockchain financial platform Fintoch is suspected of being a Ponzi scheme. The team behind the project defrauded users of 31.6 million USDT on the BNB Chain, and the funds were bridged to multiple addresses on Tron and Ethereum . Additionally, users reported being unable to withdraw cash.
Fintoch advertises itself as a blockchain financial platform built by Morgan Stanley, and users can get 1% return on investment every day. The team page on the Fintoch website refers to "Bobby Lambert" as its CEO, when in reality he doesn't exist and is a paid actor. Previously, both the Singapore government and Morgan Stanley had issued warnings about the investment plan.
Odaily News According to the Beosin EagleEye security risk monitoring, early warning and blocking platform monitoring of the blockchain security audit company Beosin, the jimbos protocol project was suspected of being attacked on May 28, with a cumulative loss of about 7.5 million US dollars.
At present, the stolen funds have been transferred to the "0x 5 f 3591 e 2921 d5 c 9291 f 5 b 224 e 909 ab 978 a 2 2b a 7 e" address on Ethereum through the cross-chain protocol, and the funds are still stored in the address.
Security Team: The Swap-LP contract was exploited maliciously and lost about $1.1 million
Odaily news According to CertiK monitoring, the Swap-LP contract (0x e 0 c 35 2c 56 af 65772 ac 7 c 9 ab 45 b 858 cb 4 3d 22 f 28 f) was maliciously used, causing a loss of about 1.1 million US dollars.
The hacker (0x dead) deposited the stolen funds into Tornado.Cash.
CertiK: DeFi Protocol WDZD Swap Hacked on May 19, Losing $1.1 Million
Odaily News According to a report by blockchain security company CertiK on May 21, the DeFi protocol WDZD Swap on the BSC chain was hacked on May 19, resulting in a loss of $1.1 million. Binance-Pegged ETH has been bridged to the BNB Smart Chain.
It is reported that the attackers conducted 9 malicious transactions, draining 609 Binance-Pegged ETH from contracts related to the WDZD Swap project, worth $1.1 million at the time of the attack. The attacker, a hacker identified on-chain as "Fake_Phishing 750," had previously carried out an attack on another protocol called "Swap X."
Currently, WDZD Swap's official Telegram channel has been banned and has been set to allow only administrators to post.
The CS token project was attacked and the loss amounted to about 714,000 US dollars
Odaily News According to the Beosin EagleEye security risk monitoring, early warning and blocking platform monitoring of the blockchain security audit company Beosin, on May 24, 2023, the CS (CS) token project on the BSC chain was attacked. The reason is that the sellAmount in the _transfer function of the token is not updated in time. The Beosin security team will share a brief analysis as follows:
1. The attacker uses the flash loan to borrow BSC-USD and convert it into CS tokens.
2. The attacker starts to sell 3000 CS tokens, this step will set sellAmount.
3. The attacker will trigger sync() by transferring money to himself. In this function, the sellAmount of the previous step is used and this function will destroy the number of CS tokens in the pair. sellAmount will be set to 0 after Sync. Repeat steps 2 and 3 to continuously reduce the number of CS tokens in the pair and increase the price of CS tokens so that more BSC-USD can be exchanged in the next step.
The attacker borrowed 80,000,000 BSC-USD, exchanged it for 80,954,000 BSC-USD, repaid 80,240,000 BSC-USD, and made a profit of about 714,000 BSC-USD.
