Weekend Recommended Reading: $19 million smashed through the entire NFT market; Silvergate’s “thunderstorm” triggered market panic

The market started to pull back this week, and the previous plate rotation seems to have come to an end. While Blur's new model brought liquidity to the NFT market, it also caused a series of chaos. Some analysts believe that the sudden drop in the market is related to the financial gap and regulatory scrutiny of the encryption-friendly bank Silvergate. The truth may only be known after the fiscal year report released by its parent company.

Those wonderful articles will not be forgotten by the passage of time. For the convenience of readers to review and collect high-quality content, track the latest developments of projects, understand market conditions, and study and discuss. Rhythm BlockBeats will regularly summarize high-quality content for readers. If you have any suggestions and opinions, contributions and viewpoints, please contact us through the information at the end of this article.

"19 million US dollars smashed through the entire NFT market, re-examining the liquidity brought by Blur"

accompanied by this The liquidity that suddenly swept through the NFT market has also seen many "abnormal phenomena" that have not been seen before. Bid's bid exceeded the floor, NFT price "drawing the door", and then last weekend's "the biggest smash in NFT history", the NFT market in front of us feels strange, we can't help but re-examine, the current liquidity of the NFT market. The increment of mechanism innovation, or the inward rolling of stock funds between platforms?

Week 10 2023 Financing selection, betting on hardware wallets to become a consensus? "

The total number of financing last week was 38, which was a certain increase compared with last week, with a total amount of about 430 million USD, with an average financing amount of USD 12.61 million, a significant increase from last week. Among them, the infrastructure field occupies the main body, the financing of digital asset management/payment and Metaverse/GameFi fields is relatively large, the financing of the social sector remains high, and the financing of DeFi and NFT fields is relatively small.

《The encryption market shrank by 600 overnight Billion dollars, and Xinlei? "

On the morning of March 3, the encryption market ushered in a wave of rapid adjustments. Both fell more than 5% within hours, and nearly 160 million U.S. dollars were wiped out on the entire network. What caused this wave of decline in the encryption market, what happened to the news and fundamentals, in this article we try to find the potential factors as follows.

What Silvergate has to do with encryption relation? What is the cause of the thunderstorm? "

Silvergate Capital Corporation, the holding company of crypto-friendly bank Silvergate Bank, has announced that it will delay filing its annual 10 -K report, Silvergate said that "the company is currently analyzing certain regulatory inquiries and investigations related to the company". Subsequently, in the encryption market, many encryption companies and encryption trading platforms, including Coinbase, Circle, Tether, and Galaxy Digital, have distanced themselves from it; while in the capital market, Silvergate’s U.S. stocks suffered a sharp drop last night. Bloomberg encryption reporter Matt Levine wrote an article about Silvergate's "bank run" and analyzed the reasons for it.

"Tutorial: Yuga Labs Bitcoin NFT is here, first learn how to Mint Bitcoin NFT"

Yuga Labs today officially announced that the auction of the Bitcoin NFT series TwelveFold will start at 3:00 pm Pacific time on March 5th (7:00 am Beijing time on March 6th), and will be held 24 hours later at the afternoon of March 6th, 2023, Pacific time. It will end before 3:00 (7:00 a.m. Beijing time on March 7). The collection will feature 300 limited-edition pieces of generative art, designed and created by Yuga Labs' in-house art team.

In order to participate in the auction, users need two bitcoin wallet addresses. Yuga Labs recommends that users have a Taproot-enabled self-hosted BTC wallet address to receive inscriptions. In terms of the two addresses users need: one wallet address should contain the bitcoins they wish to bid on; the other, a self-hosted, Taproot-enabled wallet address, should be empty. This is the delivery address, where the Ordinal Inscription will be sent if the user wins the bid, or where the user bid will be returned if the bid is unsuccessful. A total of 288 inscriptions will be auctioned in this auction, and will be awarded to the 288 highest successful bidders at the close of the auction. As a top player in the small picture circle, Yuga Labs is definitely worth participating in the water test of Bitcoin NFT, so how to mint NFT on the Bitcoin network based on the Ordinals protocol?

《STX leads gains, Bitcoin Is the Ecological Summer of Coin coming? "

Recently, Bitcoin, which has always been "old-fashioned", seems to be "fashionable" again. Not only has someone created Bitcoin NFT through the Ordinals protocol, but even Bitcoin DeFi and Layer2, which have been tepid, have recently attracted frequent attention, and related Tokens have also increased significantly. People can't help but ask, is the summer of the Bitcoin ecosystem coming? This article will sort out several projects related to Bitcoin DeFi/Layer2.

"DID Social Rising, How to interact with Starknet Ecology Starknet Social? "

With the announcement of Halo and Lifeform ecological airdrops, the number of Avatar holders in Lifeform within 4 days The increase from 100,000 to 1 million triggered a carnival and a wave of Web 3 social applications, and the financing of this type of application last week also means that the market has begun to accept and support this type of application. DID social applications have officially entered people's field of vision. This article will introduce Starknet Social, a relatively new decentralized protocol in the Starknet ecosystem, and its interactive tutorials. Make interactions in advance and ambush airdrops.

2 Weeks 3 Times, It's time to understand the ecology of Stacks."

In this round of bull market, Bitcoin ecology has always been the capital The focus of attention, and Stacks has maintained an upward trend for 3 consecutive weeks under the support of hot spots. Up to now, the largest increase of STX in three weeks has reached 268.39%. Although there is still a certain gap compared to its historical high of $3.25, STX’s recent performance is definitely the best in this bull market. This article sorts out the main projects in the current Stacks ecosystem, including wallets, DeFi, and various popular dApps.

《How to find the next 10 times Gem through DefiLlama? "

Looking for the next 10X item? You can use the free DefiLlama to find it easily, which is a detailed step-by-step guide to finding "Gems" on your own in 2023: (including lesser-known features).

"New players on the LSD track : How does Obol Network use DVT to open a new chapter in Ethereum staking? "

On February 22, Obol announced the release of Mainnet Ethereum's first distributed validator, Obol Think this marks the beginning of a new chapter in Ethereum staking, one that is more secure, resilient, and decentralized for all validators and stakers. DV Launchpad has performed impressively since the first DV activation, with a total of 10,860 successful proofs as of February 22, 2023, with an average effectiveness of 98.6%. What is DVT, the core technology of Obol Network? What products and content are there? What is the current team and funding situation?

Social Communication Protocol Towns: a16z bet $22.5 million on the track upstart"

With the development of web3, NFT community, game community , DAO organizations are becoming more and more active. Although they can use discord, discord is not designed for the web3 community. Various plug-ins and bots are required to implement various governance behaviors in the process of using it. Towns was born with the hope of solving this problem. What is Towns, a $22.5 million round led by a16z? What problem does it solve? How does it work?

《DeFund Protocol: Alternative to CeFi

In traditional finance, funds are the most traded tools One, experienced fund managers can help users lower investment thresholds, reduce investment risks, and help users achieve better asset returns. In decentralized blockchain finance, users also need professional blockchain fund managers, and DeFund protocol was born based on such needs. What exactly does the DeFund protocol do? What is the working principle? and how to get involved? This article makes a brief summary of this.

"0xAcid: A Pledge Protocol Combining Compound Assets + Real Income"

The coming Ethereum in March The Shanghai upgrade is expected to bring more heat to the LSD track, and many new LSD projects are seizing the opportunity to join the battlefield. 0xAcid is a management protocol designed to maximize the return on LSD assets, and strives to bring users a much higher return than ordinary LSD assets. It will be launched on the mainnet of Arbitrum and Ethereum. All income generated by 0xAcid will be distributed to the holders of its main Token ACID. According to the official introduction, 0xAcid can provide users with 2-6 times the income of ordinary LSD assets such as stETH and cbETH. How will such income be realized?

"Recently concerned by encryption researchers 5 New Projects at a Glance"

Encryption researcher toffee24.eth wrote about 5 recent projects worthy of attention, Let's "find your own Alpha" together.

《Curvance: Unlocking Deeper Decentralized Stablecoin Lending Protocol in the DeFi Market"

The veToken model designed by Curve Finance attracts major projects to accumulate veCRV competes for governance rights through voting, which can be related to user benefits. As the value of Curve voting power increased, a competition between Yearn, Convex, and the Stake DAO began, which has been dubbed the "Curve Liquidity War." But as these platforms compete for voting rights, the use case of such interest-bearing tokens quickly became a point of concern, and today will introduce a decentralized stablecoin lending protocol - Curvance, which further promotes DeFi The lock-up period of the project expands the use cases of interest-bearing tokens, allowing users to obtain more utility and benefits for their wrapped tokens without obtaining them from other protocols.

《Omnichain Token: Wanchain New Token Standards in the Unified Era"

With the rise of various new public chain platforms in this cycle, Asset cross-chain has also become a rigid demand of all currency circle users. With the gradual increase of cross-chain assets, the standards of cross-chain assets are not uniform, the liquidity is fragmented, and various security issues follow, which also bring a lot of obstacles to the first batch of users who experience cross-chain assets even asset loss. So what is the reason for this phenomenon? Now that multi-chain development has become an inevitable trend in the industry, is there a better way to solve the pain points of users when crossing chains and provide more useful cross-chain services? OFT and ONFT based on LayerZero's underlying cross-chain technology will bring new possibilities to industry innovation.

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