Recommended reading for the weekend | Explore the unsolved mystery of Ethereum Layer 2 and talk about the investment logic of encrypted art (www.blockcast.cc)

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“NFT Notes: My Encrypted Art Investment Logic”
“There is no such thing as art in capitals, only artists.”-Gombrich “The Story of Art”
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“N Unsolved Mysteries and Potential Solutions of Ethereum Layer 2”
Sort out common Ethereum Layer 2 problems and potential solutions.
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“How to revolutionize social media and achieve decentralization? The founder of the Silk Road put forward an idea in prison”
For a decentralized social protocol to succeed, it must provide the seamless experience that current social platforms do, but it must also have the additional benefits of decentralization.
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“Can AMM Liquidity Mining Become a Sustainable Business Model”
Use empirical research to answer this question that has always puzzled users and developers in the DeFi world.
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Cool stuff

“Will the just launched Anchor Protocol cause LUNA’s short-term liquidity shortage? 》
One view is that the launch of Anchor may trigger a liquidity shortage in LUNA, and in the long run, it will help break the reflexive cycle of bear markets.
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“Understanding the Immutable X Design Architecture in Five Minutes: How to Choose a Two-Layer Solution to Unleash the Potential of the 100 Million NFT Market”
On the eve of Immutable X’s launch, its chief technology officer detailed the design concept of the project and its role in the future development of the NFT field.
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“Archaeology” NFT project MoonCats is coming back, what chance is there? 》
Perhaps, in this wave of NFT boom, “archaeological” NFT projects will become the next hot spot in the market.
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“Simetri Selected Report: The Potential and Use Case Analysis of Whiteheart, an Option Hedging Agreement”
The paid membership service “Simetri” launched by Crypto Briefing, a crypto-asset research organization, released a report stating that the on-chain hedging protocol Whiteheart, as an automated contract for crypto-assets and stock-chain hedging, has the potential to become a basic module in the DeFi field.
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Industry Insight

“The ninth round of Gitcoin has started. Which high-quality communities and projects are worth funding? 》
The open source software and community donation platform Gitcoin officially launched the 9th round of donation activities, which will run from March 10th to March 25th.
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“Pantera Partner: How will blockchain change the trillion-dollar insurance business? 》
Smart contract insurance is just the first “killer application” of blockchain insurance, and new insurance products will usher in explosive growth.
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“Coinbase Vice President of Data Reveals the Road to Data 3.0 in the Blockchain Industry”
The complexity of cryptocurrency data brings new opportunities for data, that is, companies enter Data 3.0 to create value on a large scale through systematic intelligence and automation.
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A few things not to be missed

Important project progress

• The Ethereum Shanghai upgrade may start in October at the earliest
• The proposal for the mainnet launch of the distributed privacy AI network PlatON has been passed , and multiple parties will discuss the specific launch time
• Bitfly launched the Ethermine MEV test version , which will allocate 80% of MEV revenue to miners to compensate for EIP-1559 losses
• The 0x V4 version of the decentralized transaction protocol is launched on the Binance Smart Chain, and multi-chain deployment will be carried out
• yearn.finance launches one-click liquidity mining function through integration with Zapper.fi
• The public chain project CasperLabs was filed in a civil lawsuit by Vlad Zamfir, a member of the Ethereum development team, accused of unfair competition and other acts; CasperLabs: Vlad Zamfir’s lawsuit has no legal basis at all, and will continue to focus on development work
• DeFi fixed interest rate agreement Anchor Protocol officially launched after 1 hour postponed due to DDOS attack
• Aave launches AMM Market, allowing Uniswap and Balancer liquidity providers to use LP tokens as collateral
• The v3 version of the aggregation trading platform 1inch has been launched, which can greatly reduce gas fees and transaction costs
• Polkadot Parachain crowdfunding module has released code base
• SushiSwap is now live on the Avalanche network

Investment and Financing

• Crypto retail broker Bitpanda completes $170 million in Series B financing , led by Valar Ventures and DST Global
• Encrypted custody solution Fireblocks completed US$133 million in Series C financing , and many institutions including the Bank of New York Mellon participated in the investment
• Crowdfunding platform Republic completes US$36 million in Series A financing , led by a subsidiary of Galaxy Digital
• OpenSea, the NFT trading market, completes US$23 million in Series A financing , led by a16z
• DeFi savings agreement Anchor completed US$20 million in financing , Alameda Research and others participated in the investment
• Vega, a decentralized derivatives trading agreement, completes US$5 million in financing, led by Coinbase Ventures and other institutions
• Innovative liquidity dark pool BlackOcean completes US$4.3 million institutional round of financing, and SuperChainCapital participates in the investment
• DeFi loan agreement Alchemix Finance completes $3.1 million financing , led by Spartan Capital
• DeFi data stream trading market Overlay completed a seed round of 2.215 million US dollars, Polychain and 1kx participated in the investment
• Tally, the governance dashboard on the DeFi chain, completed $1.5 million in financing , and Castle Island Ventures and 1kx participated in the investment
• Maple Finance, a DeFi mortgage lending platform for institutions and enterprises, completed $1.4 million in financing and will launch credit-based lending products
• Syndicate, a decentralized investment agreement, completes $1 million in seed round financing, led by IDEO CoLab Ventures
• Transak, a legal currency aggregator, completed a seed round of $660,000, with Consensys and IOSG participating in the investment
• Bounce Finance completed a new round of financing led by Coinbase and plans to establish an NFT market
• Paradigm has invested in the NFT artwork casting and collection agreement ZORA
• The Ethereum volatility index trading platform volmex.finance completed a round of financing with participation from Three Arrows and Alameda
• NFT trading platform NFTMart completed seed round financing , PAKA, LD Capital and CMS participated in the investment

Data and research report

Transaction and market

• Premier League team Manchester City and Chiliz team up to launch fan token CITY
• Blockchain media Decrypt launched the token DCPT, which can be obtained by reading the article
• American skateboarding star Tony Hawk will cooperate with Ethernity to issue NFT
• Morgan Stanley will launch three Bitcoin-related fund investment channels for wealthy clients
• Grayscale launches five new investment trust products: BAT, LINK, MANA, FIL and LPT
• Wall Street Journal: auction platform Sotheby’s considers accepting cryptocurrency as a payment method

Big company progress

• The Ninth City and Bitmain signed a purchase agreement for 24,000 S19j mining machines
• Japanese financial giant SBI launches cryptocurrency mining business
• Asian economy: Morgan Stanley is considering acquiring Bithumb through Bithumb’s major shareholder Vidente for 300 to 500 billion won
• Ebang International has completed the design of 6-nanometer ASIC chip for Bitcoin mining machine, and will mass-produce when market conditions are right
• Coinbase chose to roadshow on Reddit before listing; US SEC documents show: Coinbase registered 114.9 million shares for public sale

Market voice

• Ethereum core developer Mikhail Kalinin proposes to prioritize the merger with ETH2.0 after the London hard fork upgrade
• Korean Ministry of Finance Buzhang : virtual property should be cautious investment, exchange-related transactions must be reported to the government details
• Terra co-founder Do Kwon : No matter whether the Bank of Thailand likes it or not, THT will be adopted
• Assistant Governor of the Bank of Thailand: Thailand plans to formulate regulations for stablecoins
• Research Director of The Block: The new social network BitClout may be a scam and has raised nearly 2705 BTC
• Willy Woo: The current exchange may add about 100,000 new users every day
• Musk: Decided not to sell previously released music works related to NFT

Supervision, macro dynamics

• Bank of Thailand : All activities involving the Thai baht stablecoin are illegal. Do not use the terraTHB issued by Terra
• The amendment to South Korea’s new encryption regulations will take effect on March 25, and companies that fail to comply with relevant regulations will face up to 5 years in prison

Security Question

• Filecoin official response: The team is cooperating with relevant exchanges to solve the problem of correct use of Lotus API; slow fog reminder: beware of Filecoin RBF fake top-up attacks
• Grin network has an invalid transaction at block height 1136081, v5.0.4 has been released for repair
• Paidun: There is a high-risk loophole in the SIL.Finance contract of DeFi gathering reasonable financial services
• Multiple DeFi protocol websites were hijacked , and the team reminded users not to submit private keys

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Preview next week

March 21 (Sunday)

• Twitter CEO’s first NFT auction ends
• Parity Official Substrate Developers Hackathon Entrepreneurship Finals Held
• Dora Factory, Polkadot’s ecological governance infrastructure, will launch IDO token issuance

March 22 (Monday)

• Float Protocol will start the second phase of the two-week BANK issuance

March 23 (Tuesday)

• The public chain project CasperLabs will conduct the public sale of its native token CSPR through CoinList
• Fei Protocol, a decentralized stablecoin protocol, will start a 3-day creation period
• Polka Eco-programmable insurance market Tidal Finance will conduct IDO on Polkastarter

March 25 (Thursday)

• Crypto.com CRO intends to start the main network Crypto.org Chain
• Polkadot programmable insurance market Tidal Finance will conduct IDO on Balancer

March 26 (Friday)

• Animoca Brands builds a MotoGP collectible game based on Flow and will conduct its first content sale .

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