MOMENT SUDOSWAP
OpenSea did in May intro new Seaport protocol. Back then it was called “NFT Uniswap moment”. The commentators thus drew a parallel with the period of the “DeFi spring” in 2020, when new AMM swaps appeared like mushrooms after the rain and then from which liquidity and some mechanics poured into GameFi.
But the revolution came from below. History repeats itself, and this time the catalyst is sudoswap. AMM protocol for ERC-721 and ERC-20 tokens with liquidity pools and a bonding curve price change mechanism. Imagine that you are trading NFT as an ERC-20 token on a regular exchange with flexible orders. If OpenSea is a marketplace, then Sudoswap is more of a DEX.
I haven’t been watching the development of sudoswap.xyz for a very long time, less than six months, I liked it for its flexible OTC, and the most ascetic design. There is an aesthetic in this, but it is inconvenient to use. Did a similar thing Swap market, but the project was ahead of its time and closed before the NFT hype.
But in July, sudoswap launched their AMM protocol and updated exchange interface for a wider audience. Volumes and number of users are growing multiples every week. You can see dashboards on Dune Analytics.
An important feature: Sudoswap is “put” on creator royalties and in fact this part was allowed to be taken by pool creators, which not so long ago gave rise to tons of disputes about how and when creators could take royalties from the sale.
What does sudoswap do for the average NFT trader?
• Arbitration. You can often buy NFTs for less than royalty-free marketplaces. And in both directions. Both in terms of offers and sales in the market. You can take advantage of market inefficiencies.
• Create a pool and receive commissions on every trade. Moreover, the delta and commissions are set by the owner of the pool.
• Site commission 0.5% versus 2.5% on OS.
• No royalty.
• Creation of new NFT trading strategies for both creators and traders.
ABOUT PRODUCTIVITY
Not a typical post for a channel, but I can't help but share this alpha.
I decided to look for alternatives to Notion here. I don’t complain about Notion, and one of the best tools for creating a knowledge management system. However, sometimes there are difficulties with navigation and it is necessary to complicate the system. I stumbled upon Obsidian and the Zettelkasten method, which I heard about many times and finally decided to test this bundle. Obsidian is just imprisoned for Zettelkasten.
I have been using the method for about a month and have collected a knowledge base in the format of scraps and notes, which started with Web3 and related topics. 1-2 notes every day. Then I will scale to other topics.
Well, I can definitely say that I recommend Obsidian. It is just sharpened for Zettelkasten, but definitely not for storing information in the Wiki format. In the process, I realized that Notion and Obsidian are just different tools for different tasks. Notion is more about organizing and storing information. Obsidian for thought and creativity.
The essence of the Zettelkasten method is to create brief summaries, notes or insights and set up links between them that help create different contexts for the same idea and come to new unexpected conclusions. It is like a second brain, which you look at from the side.
The database of notes does not yet exceed 50, but the cumulative effect is already felt:
• Growth in productivity.
• Growth of motivation to work.
• Improving memory.
• Easier to dive into context.
Great for those whose work is related to research and content creation, but not only. There are a lot of options for applications.
GODS UNCHAINED CHANGES THE MECHANICS OF EARNINGS
The developers have announced important changes to the mechanics of earning. Launching daily activities with a prize pool in $GODS. Start from August 31, 2022. This will allow players to earn fragments daily by playing at least 3 games per day.
Crypto Gaming Pool
From time immemorial, it has always been forbidden in our chats to discuss the prices of tokens, trading ideas, fortune-telling on coffee grounds. Practice shows that this leads to conflicts, fado, getting personal and influencing the financial decisions of other community members.
We adhere to the principle: The project is separate, the price is separate.
In chats, we discuss games, technologies, industry, share successes, guides and other useful things. And prices have never objectively reflected the real state of affairs. This is just an opinion. No one in the world can accurately predict asset prices. Any professional trader in their right mind with a lot of experience will tell you this. Trading is not prediction, but the ability to adapt to current changing conditions. Don't trade other people's ideas. DYOR.
Nevertheless, we held a vote, as a result of which the community decided that a discussion is still needed, but this can be moved to a separate chat. Moreover, trading is an integral part of crypto games. For some, the skill of trading can become an additional tool for achieving success in crypto games. In this case, the principle of separation will not suffer.
Here, as they say, “you asked - we did!”
Therefore, to everyone who wants to join WELCOME!
READY PLAYER ME RAISED $56 MILLION
Oooo. Hot news! Here one of my favorite startups, Ready Player Me, raised $56 million in Series B. Andreessen Horowitz (a16z) was the leader of the deal, as in Series A, they were thrown by many more different uncles: David Bashuki (CEO and co-founder of Roblox), Justin Kahn (co-founder of Twitch ), Sebastian Knutsson and Riccardo Zacconi (co-founders of King), Punk6529 and others.
Ready Player Me collaborates with ~3000 companies, including game development studios, big brands and applications that use avatars in metaverses.
Briefly what they do: This is a platform for creating cross-game 3D avatars from photos that can be used in different applications. It works like authorization through Google or Facebook. Only you click on the Ready Player Me logo.
In a couple of clicks, and you are logged into some kind of metaverse with your dear avatar based on your photo. I would describe it as Metamask for avatars in the metaverse. There are no tokens yet, but they work with NFTs. And add on-chain identification to this ...
THE CREATOR OF THE SIMS RAISED $6 MILLION TO DEVELOP CRYPTO GAMES
Only old people go to battle. Peter Molyneux and Richard Garriott were not enough for us, so was the creator of The Sims, Will Wright, there too. On August 22nd, there was an announcement about raising $6 million for Gallium Studios, thus, Will Wright marked his entry into the crypto. The studio's first NFT experiment is called VoxVerse on the Gala Games platform.
Cheat Sheet for STARTUP FINANCING STAGES
Pre Seed: $10k-$100k. You have an idea. Invest at this stage FFF (Friends, Family, Fools), Business angels. Often this is idea money and is needed to create packaging and a prototype for VC.
Seed: from $100k, but the figures are arbitrary. VC come in. At this stage, often you have a prototype. The hypothesis and business model are being tested.
Series A: Checks can start from $N million. The hypothesis is proven, the product earns. Next is scaling.
Series B: The company is developing successfully and finances are needed to fight competitors and expand into new markets.
Series C: Everything is clear about how the company makes money. This round marks the start of the company's preparation for an IPO.
Observation about cryptoventure #1. Many VCs choose to invest in infrastructure projects. At the same time, there is a dilemma, what is more primary infra or content? Some Tier 1,2 VCs are not averse to investing in content projects. The same crypto games, although they are aware that their business model is unlikely to be successful. Why? Perhaps the answer lies in the fact that in new niches such companies also have to solve infrastructure problems.
Axie Infinity created a sidechain that way when Loom Network let them down. Then they created a wallet and even a DEX.
Observation about cryptoventure #2. Don't blindly follow the funds' investments: You don't know their strategy, timing, etc. other conditions. Finally, it can be a strategic investment to take over the market and match a team with another in their portfolio.
Observation about cryptoventure #3.
Crypto games are an excellent tool for onboarding users, followed by developers in infrastructure investments. Having in your portfolio L1 or L2 with a check from $50M-$100M, why not leave $1-$2M in crypto games that have a viral effect and increase the value of the main investment. Stepn and Axie Infinity proved it. How many people thanks to these games have installed wallets for Solana, Ronin, Metamask, began to use USDC and NFT. Thanks to this, the ecosystem and the number of users in blockchains has grown.
Unentered*
1.NFT Unlockd Secured Lending Platform Raises $4,4M
Unlockd, a protocol that allows borrowing against NFTs, has raised $4,4 million in a seed funding round.
The startup said the funding will be used for further product development, internetworking, high-level auditing to ensure protocol security, and marketing.
Unlockd's pooled liquidity model allows NFT holders to borrow against their NFTs while still being able to use them.
The team has already launched a beta version on the testnet, and its protocol is being audited. The testnet UI will launch in September and the mainnet UI in October.
During the first phase of the launch, the protocol will support more than 25 collections of Ethereum-based NFTs. It will be expanded later in the coming months to include more collections and NFTs on Polygon.
Unlockd will also focus on supporting playable guilds, some of which are already investors in the project. The project considers its functions as a tool for buying expensive game assets and generating a collective income from their use.
2.Nike has become the most successful NFT brand, ahead of Dolce & Gabbana and Tiffany
American sportswear maker Nike has overtaken Dolce & Gabbana, Tiffany, Gucci and Adidas in the ranking of companies that have earned the most from NFT projects, according to Dune Analytics.
In total, NFT projects brought Nike more than $185 million.
Nike received $93 million in initial sales of digital collections, as well as $92 million in royalties.
Nike's biggest royalties came from CloneX ($38,9 million), MNLTH ($24,2 million) and Mint Vial ($15 million).
The volume of transactions from secondary trading amounted to $1,29 billion.
In total, Nike's NFT accounted for 67 transactions.
3 Bored Ape Yacht Club Limited Edition M&Ms Sold In Minutes
The collaboration also involved the music label Kingship. The collection contains 10000 sets of sweets, 100 of which are gold editions (all of them have already sold for $100).
3 versions differ from each other by packaging: gold foil, white or plastic box. Inside them are candies with the logos of several monkeys and a music label. Now left affordable two versions of the kits: for $69 and $39.
The label had previously announced the creation of a musical group that would feature several NFTs from the BAYC and MAYC collections. The Americans want to make an analogue of Gorillaz, whose members for a long time remained only cartoon characters.
4. Don't Panic by artist XCOPY sold for 500 ETH
The transaction took place on August 23 and broke the FEWICIOUS record with the resale of the painting for 300 ETH.
Interestingly, after a mint in 2019, the painting was sold to the previous owner for only 1 ether, or $137 at the exchange rate of that time. This is the profit from the secondary.
5. More than $100 million worth of NFTs stolen in the past year
Analysts from Elliptic presented NFT cybercrime report. According to him, over the past year, hackers have stolen more than $100 million worth of NFTs. At the same time, they earned an average of $300 from each scheme.
Analysts took data from July 2021 to July 2022 as the basis for the study. At the same time, the number of stolen tokens for the specified period is growing exponentially.
The indicated data are approximate. The agency’s report states that the owners do not always report the theft of tokens. In addition, only the most high-profile scams are covered on the network, while petty thefts are ignored.
6. New VR headset from Meta will read the direction of gaze and expression of emotions.
Mark Zuckerberg promised announce it in October
“If you pout, frown or express any emotion, it will be immediately visible on your avatar,” said the founder of Meta.
In addition, the list of innovations includes an increase in screen resolution and improved work with augmented reality.
Most likely the device will be released under the name Meta Quest Pro. The device will sell for significantly more than the current version of the VR glasses, which recently went up from $299 to $399.
News for the category unincluded borrowed and verified from the channel BCC BLOCKCHAIN CULTURE