Last week ended with a heated debate over ETH & AVAX.
Eventually, WAGMI in Web3 world.
Staying open minded, humble & healthy (physically and mentally) , meanwhile joining the building force is more important than everything else.
All roads lead to Web3.
Here is what happened last week in Web3 world (besides quarreling on twitter)
Macro stuff
Glassnode weekly: https://insights.glassnode.com/the-week-onchain-week-46-2021/ always like to start my week with a cup of @glassnode insights paper, TLDR: several indicators imply now is half way through the later half of bull cycle; currently on-chain indicators imply top may sit at above $110k.
of course, everything could change. for reference only.
Regulatory front:
why a spot ETF may not be in the near future:
A fix regarding crypto tax on the infrastructure bill is still possible with a bipartisan bill from @reptimryan @PatrickMcHenry & explained by @jerrybrito from @coincenter. Kudos to ppl who’s working on this front! It could sound boring but extremely important!
Articles to read
From @vitalik on optimism retro public good funding round: https://vitalik.ca/general/2021/11/16/retro1.html
What do you need for good DAO governance? https://baby.mirror.xyz/O7a922A-9zT4C4UwssRExkftdHywJ-13sR2rxQ-t__k provides a good framework and points to think on.
A16Z’s list of resources to bootstrap understandings on DAOs: https://future.a16z.com/dao-canon/
Development
@Opyn’s most recent innovation, squeeth, is undergoing contract audit. looking forward to its launch! (refer to https://www.paradigm.xyz/2021/08/power-perpetuals/ for its mechanism)
@DDX now has an up and coming public testnet, feel free to sign up! team waiting for a more stable release to start trading competition:
@Polkadot parachain auction 1st result is in & @acala is the winner, @moonbeam probably wins the next one:
@StarkNet Alpha 4 is out:
@Developer Dao’s first newsletter is out, and a very good one, I encourage u to subscribe to it if u are interested in Web3 and starting in the industry. Warm community and one of the best DAO onboarding experience.
Constitution DAO did not win the auction and is doing refund, u can choose to claim refund or stay a bit longer to see what’s happening in future:
My favorite Metaverse gallery sold out their newest release in 10 sec, priced at .15 ETH x 512 editions (256 coal, 256 chalk).
🌐 WE LIVE BABY 🌐 you can now mint our NEW Chalk ⚪️ and Coal ⚫️ galleries here: ⚪️ oncyber.io/mints/chalk ⚫️ oncyber.io/mints/coal .15Ξ + 256 editions each + 90 frames. 🔥⚪️ LFG ⚫️🔥
Meanwhile @cryptovoxels listed 11 more parcels in kauki island. I am playing with the idea of owning one parcel there but haven’t made up my mind yet because it is really time consuming (yet fun) to actually build up a parcel.
Ok that’s about it in this first letter.
I’ve been in this place long enough to appreciate Ethereum’s effort to stay as decentralized as possible yet keeping up experience for users and builders, especially all the research and innovation on public good funding, layer2 scaling, and ETH2, meanwhile a firm believer of a multi chain world in the foreseeable future. I am open to play with everything that’s akin to Web3 values (more on this later!) with a good faith effort for innovation.
If you are like me, please subscribe and share so we can find each other, and don’t hesitate to let me know what u see that’s happening in Web3 is worth knowing and included in this letter!
Live long and prosper in Web 3!