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Weekend reading recommendation: Why did Worldcoin secure $100 million in funding? Why is Ledger's new feature receiving criticism?

2023-05-21 15:00
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Those wonderful articles will not be forgotten over time. In order to facilitate readers to review and collect high-quality content, track the latest developments of projects, understand market trends, and learn and discuss, BlockBeats will regularly summarize high-quality content for readers. If you have any suggestions, opinions, submissions, or viewpoints to discuss, please contact us through the method at the end of this article.  


加密寒冬,Worldcoin 凭什么拿下 1 亿美元融资? Translation:

Crypto winter, why did Worldcoin secure $100 million in funding?


Last week, Sam Altman, the founder of OpenAI, revealed that he is seeking $100 million in new funding for his new cryptocurrency project, Worldcoin. Sources say that the new round of funding has received support from existing and new investors. As early as 2022, Worldcoin received investments from institutions such as Andreessen Horowitz (a16z) and Khosla Ventures, with a valuation of up to $3 billion. This means that the project's valuation has tripled in just one year. It is not easy to raise funds during the cryptocurrency winter, and it is even more difficult to obtain such a large amount of funding. Why did Worldcoin, which was previously unknown, receive capital favor two years later and still be able to secure huge investments with a valuation of $3 billion during the cryptocurrency winter? What investment potential do investors see in Worldcoin? What does Worldcoin mean for the wallet track and the cryptocurrency industry?


About Worldcoin: Vision, Features, Token Information, and How to Participate


Worldcoin's fundraising news has also been of interest to the community, and it is reported that it has entered into a deep negotiation stage. The news immediately sparked discussion, and because Worldcoin will launch a Token, it has also attracted the attention of many cryptocurrency users to the project. This article details the Worldcoin vision and related Token information, and summarizes the current ways in which users can participate in the interaction.


Ledger's new product, Ledger Recover, why is it being criticized?


Ledger recently launched a key recovery service, which costs $9.99 per month. However, the service has been met with strong opposition and resistance from many users. This article explains the reasons behind this and Ledger's response to it.


回顾 Binance Launchpad 历史数据,分析 BNB 长期持有收益

Translation:

Reviewing Binance Launchpad historical data and analyzing long-term holding returns of BNB


Binance Launchpad has recently received negative reviews, but the voice of "education cannot be impoverished" still fully reflects the warmth and beauty that Launchpad brings to the crypto community. Looking back at the historical data of Launchpad from 2021 to now, speaking with data, comparing the historical evaluation with the current level of returns of Launchpad, exploring the reasons for the "boring" reviews, and benchmarking the long-term return rate of holding BNB for new token offerings against ETH staking rewards, comprehensively analyzing the issue of "BNB returns".


莱特币 LRC-20 协议,能否复刻 BRC-20 的成功? Translation:

Can Litecoin's LRC-20 protocol replicate the success of BRC-20?


These two weeks, the BRC market has exploded, creating many stories of sudden wealth. You must have seen similar comments: "If in March, you spent $300 engraving ordi inscriptions on BRC20, and calculated based on a cost of $3 per 1000 pieces, it is now worth $1.5 million." As the wealth effect of BRC continues, new protocol concepts such as ORC and BRC21 have emerged in the market. Along with them comes Litecoin's LRC-20 protocol, which is also PoW. This article will analyze and introduce the current development of the LRC-20 protocol to consider whether it can replicate the success of BRC-20.


解读 CSR 协议 EIP-6969:会再次改变以太坊经济模型吗? Translation:

Interpreting the CSR Protocol EIP-6969: Will it change the Ethereum economic model again?


Six days ago, zkCole, the CTO of Slingshot and a core developer of Ethereum, proposed EIP6969, which was discussed in the latest Ethereum core developer execution layer meeting to see if it could be included in the upcoming Cancun upgrade. Currently, EIP6969 is still in the very early stage of discussion, but it is a proposal worth keeping an eye on. Once implemented, it will once again change Ethereum's economic model and have a significant impact on the two core groups of Web3, developers and miners, bringing them great benefits.


Milady experienced a sharp rise and then fell back. How to use NFTFi for shorting and hedging in extreme market conditions?


On May 11th, Twitter CEO Musk posted a tweet on social media with the Milady Maker series NFT image attached, along with the caption "There is no meme, I love you". This tweet caused the floor price of Milady Maker to skyrocket from about 3.75 ETH to over 7 ETH in just one hour. However, similar to Musk's intermittent "shilling" of Doge Coin, the price of Milady Maker also surged and then fell sharply after Musk's tweet. When the "top signal" appeared, hedging and shorting may be the biggest demand for Milady's holders/NFT traders. But unlike Doge Coin, Milady Maker, as an NFT, has characteristics such as non-fungibility and poor liquidity. To solve this problem, perpetual contract protocols for NFTs have emerged. This article will introduce the two mainstream NFT perpetual contract protocols currently on the market: nftperp and NFEX.


meme Token「新玩法」,良机还是危机?


"Meme season" is gradually returning to calm. Over the past month, meme Token has been praised by players who have earned a lot of money, but has also been controversial in the market. Now, the most FOMO period has passed, just like the climax of a song has been played and it is entering the end. However, at the end of the "meme season", there are still many "ingenious" new projects, are they opportunities or crises? Cryptocurrency KOL ben.eth made millions of dollars by launching meme Token, but there were frequent problems during the launch, which caused criticism from the community.


Interview with BeWater: How do Internet OGs reconstruct industry logic when examining Web3?


On June 18, 2022, BeWater successfully held the BeWater DevCon 2022 global developer conference in Silicon Valley. This event, which crossed the East and West, brought together more than 100 hardcore offline blockchain developers. In the past six months, BeWater has made significant progress. Co-founders Thomas Yao and Pearl Chen joined the team, and BeWater launched the BeWater Web3 Innovation Challenge when its product went online. BlockBeats interviewed BeWater's co-founders Thomas Yao and Pearl Chen to gain insight into the development process and future prospects of the BeWater team.


深度解析:在发送 1 个 DAI 时发生了什么?

Translation:

In-depth analysis: What happens when sending 1 DAI?


You have 1 DAI. Use a wallet (such as Metamask) to send 1 DAI to "0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045" (which is vitalik.eth). Click send. After a while, the wallet displays that the transaction has been confirmed. Suddenly, vitalik.eth now has 1 DAI in wealth. What exactly happened behind the scenes? Let's replay and slow down.


对标 Uni V3,日均资本效率达 100% 以上 Maverick 是什么来头

Translation:

What is Maverick, which achieves a daily capital efficiency of over 100% and benchmarks against Uni V3?


After being launched for a month, Maverick, which was once among the top three in terms of transaction volume on the Ethereum mainnet, has a TVL that is only less than one percent of Uniswap and Curve. After the Shanghai upgrade on April 12th, more than 18 million ETH were unlocked on the Ethereum network, indicating an increase in activity and significant changes in the DeFi market.


However, there is still an obvious problem, which is the huge limitations in the current AMM field. One is the low capital utilization rate of AMM, whether it is the early xy=k model or the later Uniswap V3 model, most of the trading pairs on decentralized exchanges do not have enough depth. The second is that impermanent loss has not been fundamentally solved, and relying on token economics compensation is ultimately unsustainable. The DeFi industry urgently needs to solve this problem, and the Maverick protocol has come into view at the right time for users.


Polygon zkEVM airdrop, which projects can interact


Recently, Sandeep Nailwal, co-founder of Polygon, responded to comments on social media regarding the "Zk hype far exceeding actual user demand" by stating that the Polygon zkEVM ecosystem is preparing for critical infrastructure such as Safe, oracles like Chainlink, UX improvements based on early developer feedback, and cost optimization using data compression. Additionally, there are no rules stating that issued tokens cannot be airdropped on a large scale. It is undeniable that Polygon is always in high demand. So, what are the current projects that can interact with Polygon zkEVM?


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