1confirmation Newsletter - Issue #99
As we head into 2022, soaring inflation is causing more people to recognize the benefit of scarce digital assets like BTC and ETH. The macro tailwind is encouraging, but even more encouraging is the fact that use cases for crypto beyond pure speculation are emerging with DeFi, NFTs and DAOs all breaking out as their own distinct categories with millions of users this year.
2021 has been a remarkable year for our industry but it feels like it's only getting crazier from here. There's never been a better time to buy some crypto on Coinbase, yield farm and trade NFTs with Metamask, engage and learn on Discord and vote on Snapshot. Once you master the basics, the rabbit holes are deep. Whether you like financial products like lending and derivatives, cultural products like visual art and music, or social products like Rally there's now something for everyone. What a time to be alive.
Required reading this week
OpenSea volumes go bananas as collectors pile back into Bored Ape Yacht Club NFTs — cointelegraph.com
Opensea emerged this year as one of the fastest growing online marketplaces ever. There's been lots of ebbs and flow and the latest volume explosion has been led by Bored Apes.
Notional V2 is Live — blog.notional.finance
Fixed rate lending on Ethereum is here. In the 2 weeks since the v2 launch, Notional has surpassed $270M in TVL and both lenders and borrowers are benefitting in a big way.
What is dYdX Exchange and How Does It Work? — www.coingecko.com
dYdX is a decentralized crypto futures exchange focusing on perpetuals, suitable for advanced traders. This article explains dYdX for newcomers.
The SuperRare Space Race is Live
SuperRare has been a curated platform but we're now opening it up to more curators with the space race. All RARE token holders can vote for who they want to win the first space race.
Catalog Music NFTs — www.niftytable.com
Catalog is a music NFT marketplace that has seen parabolic growth in recent month. Music NFTs are still under the radar relative to visual NFTs. That probably won't be the case for long.
Primitive is a new decentralized options protocol launching soon. The team recently released a white paper which highlights their novel automated market maker structure.
Web3 Foundation Research Update: Utility Token Design — polkadot.network New Web3 Foundation research shows that decentralized utility token platforms like Polkadot are more efficient than Web2 platforms, resulting in optimal service provision for all participants.
‘We'll see about 200 chains connected through Cosmos’ IBC next year,’ says Tendermint CEO Peng Zhong — cointelegraph.com
The Cosmos ecosystem is now flourishing as IBC ramps up.
Acala Crowdloan Update | Polkadot Parachain Auctions have begun!
Bette from Acala discusses the first Polkadot parachain auctions.