Weekly Recommendations | The Story of Base's Birth; Overview of 20 Key Local Crypto Projects in Hong Kong;
Overview of the EigenLayer white paper; The philosophy behind Scroll: community-driven, robustness, and decentralization.Organizer: Cookies, ChainCatcher
1. “Ethereum Foundation's Danny Ryan: Thoughts on Key Issues for Ethereum in 2023”
Ethereum Foundation researcher Danny Ryan believes that after Ethereum completed the most significant upgrade in blockchain history, he is not worried about the execution and scheduling of the Ethereum team, despite the long and complex technical roadmap ahead. Even in the depths of a bear market, Ethereum continues to build and innovate. In an increasingly turbulent global landscape, Ethereum has found ways to make an impact in key areas. This article reflects on more survival issues—such as the health of the L1 ecosystem, capture, cartel, alignment with Layer 2, and more.
2. “Hong Kong Concept Coins Are Hot, Understand 20 Key Local Crypto Projects in One Article”
After the rumor that "from June 1, Hong Kong residents can freely buy and sell cryptocurrencies legally" spread, Hong Kong concept coins began to soar. The surge indicates a shift in confidence among crypto investors, although the aforementioned rumors about Hong Kong's crypto policies have been confirmed as misleading. Currently, there are about 50 local crypto projects in Hong Kong, nearly half of which are in the CeFi and CEX sectors, with the rest mainly in the gaming/metaverse space. This article provides a brief overview of some important projects.
3. “Coinbase Development Lead Shares the Story Behind Base's Birth”
Coinbase announced the launch of the Ethereum Layer 2 network Base based on OP Stack, aiming to bring billions of new users to the Web3 world. Shortly after the official announcement of Base, Coinbase's development lead (To C direction) and founding contributor of the Base project, Jesse Pollak, shared the story of Base's inception on his personal Twitter, detailing how the network transformed from an idea into reality.
4. “In-Depth Explanation of the 'Superchain' Concept: Base is Just Optimism's Small 'Ambition'”
The strong collaboration between Optimism and Coinbase undoubtedly sets a good precedent for the development of the "superchain." In the short term, this cooperative effort will upgrade the Optimism mainnet, Base, and other L2s to an initial superchain structure, featuring shared bridging and ordering. In the future, more L2s are expected to be incorporated into the "superchain" ecosystem; in the long term, the "superchain" could evolve into a vast network that maximizes interoperability, shares decentralized protocols, and standardizes its core primitives.
5. “What Crypto Founders Can Learn from Blur's Token Airdrop”
Since its public launch five months ago, Blur has become a top NFT marketplace and trading platform in the industry, perfectly demonstrating how to outmaneuver existing giants through complex incentives in a competitive landscape. This article delves into Blur's token distribution design and how it guides user growth by offering phased rewards. It provides insights into Blur's token strategy and offers advice for founders looking to leverage tokens to grow their networks.
David Gan believes that considering the overall quality of investment projects during the bear market of 2018 and 2019, the turbulent year of 2022 will lead to a dividend period for primary market investments. The OP Crypto fund still has 80% of its capital available to capture opportunities in this cycle. Recently, ChainCatcher interviewed David Gan to discuss OP Crypto's investment logic and his assessment of this year's Web3 primary market investments.
7. “The Philosophy Behind Scroll: Community-Driven, Robustness, and Decentralization”
zkEVM has been a very popular topic over the past two years. It can be said to have become the standard technical solution for scaling Ethereum. From the beginning, Scroll has pushed this ambitious dream in collaboration with the Privacy and Scaling Explorations (PSE) team and is committed to continuing to build it together in the future. This article shares some lessons learned by Scroll co-founder Zhang Ye while building zkEVM and how to consider different trade-offs.
8. “Overview of the Winning Projects in the Ethereum Foundation's 2022 Layer 2 Community Grants Program”
Over six weeks, the Layer 2 Community Grants 2022 received more than 130 applications covering various fields, including Layer 2 browsers, cryptography, and education. After evaluation by the jury, the Ethereum Foundation's Privacy and Scaling Explorations team recently announced the list of winners. Overall, the submitted projects can be categorized into six major categories: community and education, data visualization, cryptography and zero-knowledge proofs, data analysis, cybersecurity, and user experience.
9. “In-Depth Analysis of the Proof-of-Stake Economics of the LSD Track After Ethereum's Merge”
Node management service providers and staking-as-a-service providers are key cornerstones of the PoS economy, as they significantly lower the barriers for users to participate in the staking ecosystem and achieve a more decentralized future. Although this space is quite mature, we still see new players entering the field, aiming to provide services in a more permissionless manner.
On February 20, 2023, the Hong Kong Securities and Futures Commission (SFC) released a consultation document on regulatory proposals for virtual asset trading platforms. This article provides a detailed analysis from the legal perspective by lawyer Xiao Sa's team on the potential practical impacts of this series of "big moves" by the Hong Kong SFC.
11. “Quick Overview of the EigenLayer White Paper: Scaling the Consensus Layer”
Recently regarded by many leading research institutions as the most important innovation for Ethereum in 2023, Eigenlayer has the potential to open up new narrative directions for Ethereum and has finally disclosed its V1 white paper. Bixin Ventures promptly interpreted this long-awaited white paper, focusing on Eigenlayer's fundamental principles, operational mechanisms, security guarantees, governance framework, application scenarios, and commercialization prospects.
12. “Folius Ventures: The 'Taxation' Business Model is More Suitable for Web3 Games”
Currently, most intersections between Web3 and gaming are not yet mature, with the only significant breakthrough being that game value carriers can exist abroad and circulate freely, while developers also gain the autonomy to price game value carriers based on global liquidity.
Folius Ventures believes that the taxation model is a more suitable business model for Web3 games. They provide ten recommendations for this new business model and design a virtual Web3 game to demonstrate its feasibility.
13. “In-Depth Understanding of the Decentralized Social Product DeSo and Its Possible Future”
DeSo is a decentralized social network that not only allows users to access most features of Web 2.0 social media platforms but also improves it by giving users control over their content and monetization options. This article discusses its beginnings, goals, characteristics, roadmap, token economics, and raises a question—how will decentralized social products impact the future of social media?
14. “Quick Overview of Towns, the Social Protocol Led by a16z: A Decentralized Version of Discord”
Towns is a decentralized group chat protocol and open-source application. According to a16z, Towns allows members to customize settings and manage private spaces supported by complete decentralization and end-to-end encryption. Towns appears to focus more on the concept of "circles," with the slogan of building one's "hometown" on the internet. Additionally, Towns features high openness and composability, with future positioning aimed at building more Web3 ecosystems around social interactions, such as NFT trading, DAO governance, and more.
