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Explained by Mercuryo #25

Posted byVyacheslav Akhmetov August 4, 2021August 5, 2021

The 25th edition of our curated newsletter.

 
UK $15 Million Anti-Crypto Campaign

In today’s newsletter we look at:

  • DEX Gas Fees in Detail
  • Gaming Economy in the Making

  • It’s All About Ethereum 
  • Are Stablecoins Doomed?
  • Bored Apes and Burning Questions

What’s the Damage?

DEX Gas Comparison

Decentralized exchanges (DEXes) embody blockchain’s fundamental principles, helping execute transparent peer-to-peer transactions and bypass intermediaries. Ethereum is a home for multiple DEXes, and their number keeps on growing. That being said, decentralized exchange swaps represent the most extensive gas consumption and consume a lot of blockchain resources.


Although the DEX industry is blossoming, on-chain transactions are costly, which often comes as a dealbreaker. If you’re still unsure which DEX you should go with, the article compares the cost of transaction fees on various popular platforms.

Mercuryo Co-Founder’s Piece

London Hard Fork

 
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Opinions and curated pieces by Mercuryo Co-Founder Greg Waisman – Follow on Twitter

A Play-to-Earn Initiative

Yield Guild Games Investment Thesis

Recently, crypto enthusiasts seized the opportunity to make some extra money with NFTs. Apart from reselling rare art pieces, there are several other alternatives. Yield Guild Games (YGG) is a decentralized autonomous organization supported by tens of thousands of gamers who use NFTs in play-to-earn games to generate real cash flow. 


The ultimate goal of YGG DAO is to build the largest virtual world economy by investing in play-to-earn games plus their in-game assets, sponsoring millions of play-to-earn gamers, and building tools that will enhance the future of gaming in the Metaverse.

Young Bitcoin?

Monopolies with Growth: Ethereum

In case you’ve been looking for a solid, in-depth read about Ethereum, here it is. The report by Vineyard Holdings points out Ethereum’s long term specifics such as sustainable growth, superior products, scale economics shared, underappreciated because of its complexity. It also mentions blockchain’s upcoming gross supply/demand mismatch caused by the London fork and Ethereum 2.0 rollout. 


Also, the report raises two much-talked-about crucial issues. Will the new Ethereum be able to provide the anticipated level of scalability? Also, can it outperform other blockchains? Add a pinch of key risks to be on the lookout for, and you’ll get a more or less clear picture of the network’s present and future agenda.

For What It’s Worth

Framework to Regulate Crypto, Stablecoins Introduced in U.S. Congress

Although crypto legislations are generally a positive trend, some of them are better than others. According to the U.S. Congress Joint Economic Committee chairman, the current crypto market model and regulatory framework are not safe enough for investors and consumers.


The new legislation, introduced in the House of Representatives, could grant the federal government the ability to ban some stablecoins by providing the Federal Reserve with explicit authority to issue a digital version of the USD. You can check the complete list of initiatives in the article.

Art or Money

Why Bored Ape Avatars Are Taking Over Twitter

Just when you thought everyone’s done talking about NFTs, a new trendy website selling colorful, very detailed avatars pops out. The next thing you know, your Twitter field is filled with unimpressed monkeys. Avatar-focused online communities pop up like mushrooms after a spring rain, and each of them seems to have its own purpose. 


Whether you keep your precious NFT out of anyone’s sight, safely stored in your digital wallet, or proudly display it as your social media photo, fully accepting the new identity, there will also be those who are only interested in the financial side of the deal. A brilliant New Yorker’s piece tells the story of Bored Ape Yacht Club and raises a burning question.

Our First Legal Round-Up

Keep an Eye on the Latest Cryptocurrency Regulations

A single regulatory news can shake the market. But beyond price fluctuations, regulations affect how cryptocurrency companies operate and innovate.

 

It takes time and experience to interpret the news. This is why we decided to start a series of short weekly legal round-ups. In the first piece, our Legal Counsel, Adam Berker, selected the most important regulatory updates and explained what they mean to us. Make sure to follow Mercuryo on Linkedin to stay updated.

Something You Could Have Missed

  • Tokenomics – The Inner Side of the Token Business
  • Raising Trust in Charity with the Use of Crypto

 
 
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This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.

Posted byVyacheslav AkhmetovAugust 4, 2021August 5, 2021Posted inNewsletter

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