The 41th edition of our curated newsletter.
In today’s newsletter we look at:
Review of Optimism Retro Funding Round 1
Optimism held its first round of retroactive public goods funding. As a result, 58 projects received $1 million in total as a reward for their contribution. The round was also an experiment in a new kind of governance through a medium-sized group of 22 badge holders.
The entire process was highly transparent from start to finish.
The funding demonstrated how the Ethereum ecosystem establishes itself as a key player in the innovative public goods funding mechanism design space. Read the post to learn all about this experiment.
When V3 was launched, Uniswap promised its liquidity providers increased capital efficiency via concentrated liquidity positions. However, around half of Uniswap’s V3 liquidity providers are losing money compared to if they just held their assets. Unfortunately, the fees they earn are not particularly helpful.
The increased complexity and risks are causing the problems. Even active liquidity providers attempting to time the market don’t outperform their passive counterparts. A post at Rekt dives deeper into the issue.
Mercuryo Co-Founder’s Piece
A Beginner’s Guide to Social Tokens
Have you ever heard of social tokens? Well, now you have! Individual creators or communities issue social tokens to enable community members to collaborate and promote collective value ownership. Users can earn them as contribution rewards and put them to work.
It is a broad term that encompasses personal tokens, community tokens, and creator tokens. Although similar to NFTs, these tokens are fungible. They aren’t fully governance tokens either. Examples, tools, risks, and prospects of this asset type are described in the article.
Enthusiasts are talking about Web3 as a beautiful, new era of the internet. The term refers to the transition of internet services to a model built around cryptographic tokens. Ownership and control of those services might be divided between their token-holders. The tokens would also have exchange value, which also means profit.
However, not everyone is excited. In fact, some people think it’s for kids, propelled by exhaustion, and invented by money-hungry people. They also think of a lot of other things that can be found in the article.
What is a DAO? Why do they matter? How do DAOs fit into web3, crypto, the creator economy, future of work, and other areas? If you haven’t formed any opinion on this massively popular trend, it’s about time you catch up.
Inspired by NFT Canon, Future from a16z gathered a list of resources for those seeking to understand, build, and get involved with decentralized autonomous organizations. So, here’s the entire selection.
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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.