The Wallet Report #9

The Wallet Report #9

Top Stories

Worldcoin, an ambitious crypto startup founded by Sam Altman, is rolling out its services globally. It aims to distinguish humans from AI online, enable global democratic processes, and increase economic opportunities. The project has raised $250 million from investors like Andreessen Horowitz and Khosla Ventures. Users can download the World App and get their World ID through an eyeball-scanning verification device called Orb. However, the project has faced criticism for its practices. Worldcoin is holding about 20% of its tokens, and the total supply is capped at 10 billion tokens. The token is not available in the U.S. yet. (link)

The Avalanche Foundation plans to invest $50 million in tokenized assets on its blockchain to demonstrate the value of tokenization in various sectors. Tokenization creates digital representations of real-world assets on the blockchain, offering operational efficiency, accessibility, and improved liquidity. This move is expected to drive the adoption of tokenization in the financial industry and beyond. (link)

Opensea : NFT marketplace OpenSea has introduced "Deals," a new feature that enables peer-to-peer NFT swaps. Collectors can trade NFTs directly with each other and include wrapped ether (WETH) to sweeten the deal. The feature aims to make NFT swapping more trustworthy and secure, eliminating the need for off-platform transactions. (link)

Optimism is adding zero-knowledge proofs (ZKPs) to enable secure and efficient cross-chain communication between its Layer 2 solution and Ethereum. The move aims to enhance security, reduce latency, and improve compatibility for blockchain interactions. The project's name has been changed to OP Mainnet to reflect its vision of creating a network of interconnected Layer 2 blockchains. (link)

Web3 Gaming

Aurory, a Solana-based gaming franchise, is expanding to Ethereum's Arbitrum to attract new players and enable cross-chain asset usage. Their SyncSpace technology allows users to move assets between Solana and Arbitrum, increasing accessibility for players from different crypto communities. They aim to create new in-game experiences and expand their community through this move.(link)

Delabs Games, the blockchain game developer behind Rumble Racing Star, raised $4.7 million in a seed investment round led by Hashed Ventures. The funds will be used to develop their games on Polygon and boost marketing efforts. Delabs aims to empower players with true ownership of in-game assets using Web3 technology. (link)

Sky Mavis / CyberKongz : Sky Mavis, the company behind Axie Infinity, is partnering with the NFT collection CyberKongz to develop a comprehensive gaming ecosystem on the Ronin blockchain. They are also creating a new game that will be interoperable with Axie Infinity. CyberKongz's Play & Kollect game will also move to Ronin to access its gaming community. Despite recent lower interest in blockchain gaming, Sky Mavis believes the catalyst for revival lies in a game that truly understands users' motivations in the Web3 space. (link)

McDonald / The Sandbox : McDonald's Hong Kong has launched McNuggets Land, an official world in The Sandbox metaverse game. Players can explore the vibrant location, complete quests, and earn real-world and blockchain-based rewards, including NFT items and SAND crypto tokens. The game is available globally until August 28. (link)

Solana Labs has introduced GameShift API, a platform that streamlines the development and porting of web3 games for Solana developers. It consolidates various necessary technologies in one interface, including custody solutions, NFT minting, marketplaces, and more. The full launch is scheduled for later this year, but developers can join now and access the available tech stack to build blockchain games more efficiently. (link)


MNTGE : Digital fashion brand MNTGE is releasing Patchwork, a collection of NFT patches paired with physical counterparts. Each patch, designed by various artists, is linked to an NFC chip, enabling owners to claim the digital token by scanning the physical patch. The patches can be sewn onto MNTGE's real-world garments and become token-bound accounts on the blockchain, enhancing digital ownership. The collection will be available on OpenSea starting July 27, combining vintage fashion with blockchain technology to promote creative expression. (link)

Sotheby's, the renowned fine art auction house, is launching the Gen Art Program powered by Art Blocks, a generative art platform on the Ethereum blockchain. The program's inaugural sale features NFTs by Vera Molnár, an early algorithmic artmaker, with 500 unique generative artworks. The auction will be conducted in ETH through a Dutch auction model. The program aims to focus on long-form generative art and represents Sotheby's growing presence in the Web3 space. (link)

Snoop Dogg / Happi Co :  Snoop Dogg has teamed up with Happi Co. to launch "Dr. Bombay" ice cream, inspired by his NFT character. The ice cream will be available in seven flavors at 3,500 Walmart stores for $4.98 per tub. The collaboration aims to capture the West Coast vibe and reflect Snoop Dogg's vibrant persona. Happi Co. sees the partnership as a natural fit, sharing core values and a commitment to authenticity and innovation.  (link)

Ducati, the renowned motorcycle manufacturer, is gearing up to present an exciting new digital collectible program, marking its entry into the Web3 world. It aims to provide an immersive experience for enthusiasts, showcasing the company's history and future through blockchain technology. The first collectible will feature the evolution of Ducati logos, and registered users can receive it for free. Ducati's move into the Web3 world aims to enhance the connection with its community and celebrate innovation and passion. (link)

Moonbirds Mythics NFTs : NFT startup Proof has launched its Mythics collection, a new evolution of the Moonbirds project. The collection features 20,000 profile picture NFTs of mythical birds. Existing Moonbirds NFT holders can claim Mythic eggs, while Oddities NFT holders must burn their NFTs to be eligible. Each day, up to 100 Mythics will be released through this process over at least 200 days. (link)


Atlendis : French DeFi platform Atlendis obtained a PSAN license and secured a €1 million loan from BPI. These milestones will support its new product, Atlendis Flow, simplifying decentralized lending for institutional borrowers with direct crypto-to-fiat transactions. The platform aims to make credit fund structures transparent and accessible through KYC compliance.(link)

Granary Finance, a DeFi platform, is launching its loan agreement benefiting early adopters and Liquidity Generation Event (LGE) participants. A list of qualifying users will be released for transparency, and eligible users can apply on July 28. 2% of the token supply is allocated for this broadcast, rewarding early supporters. The loan agreement offers lending opportunities, leveraging crypto holdings for financial growth. The platform's user-centric approach sets it apart in the DeFi space. (link)

Paradigm, an institutional liquidity platform for crypto, has launched Paradex, a decentralized perpetual platform on Starknet's Layer 2 appchain. Combining CeFi liquidity with DeFi transparency and self-custody, Paradex aims to address trust issues and fragmented risk engines in traditional finance. The collaboration between Paradigm and StarkWare brings scalability and customization, introducing a new era of hybrid derivatives exchanges in DeFi. (link)

Parrot Finance : DeFi project Parrot Finance, which raised over $80 million in a public token sale, is holding a contentious vote to buy out its investors. The proposed redemption program would distribute $50 million of Parrot's treasury among PRT token holders at a price of $0.0045 each, significantly lower than the initial investment. The team behind Parrot could walk away with tens of millions of dollars, angering investors who were promised governance over the protocol. The situation highlights the risks of funding crypto projects through unregulated token offerings. The vote is currently in favor of the buyback but lacks participation from the required quorum. (link)

MakerDAO’s MKR : The governance token of DeFi lender MakerDAO, MKR, saw a 28% surge in price following the launch of a token buyback program. The Smart Burn Engine periodically buys back MKR using excess DAI stablecoins from Maker's surplus buffer. The program has already purchased around $230,000 worth of MKR in the last 24 hours and is expected to remove about $7 million of MKR from the market in the next month. (link)

One more thing !

Whether you're a GameFi enthusiast, an NFT collector, or just starting your Web3 journey, our wallet has got you covered with some awesome features and over 100 NFT games to explore! Head over to the Chrome store to download it