Welcome to the protocol, CoinDesk’s weekly wraps of the most important story of cryptocurrency tech development. I’m Margaux Nijkerkk, CoinDesk’s Ethereum reporter, which is filled for Ben Schiller.
In this issue:
- Launched the story protocol to let people register IP and get paid it
- Ethereum developers release a new initiative to simplify cross-chain transactions
- Ethereum L1 Monad joins forces with a neat network for Defi Boost
- How a sitting president has become most sought after crypto investor
Network news
The story protocol is Live: The story protocol launched the Blockchain dedicated to the intellectual property and associated IP token last week. Blockchain is positioned as “World’s Intellectual Property Network,” which provides users a way to register their IP and monitor how others use it. The appropriately named “$ IP” token, which the story revealed Earlier this monthis used for transaction fees and offers users a vote on the platform management system. So far, the Blockchain -dedicated IP seems to have legs – at least investors. The Pip Labs, the chain’s main developer, raised $ 80 million in a B venture series of funding funded by Andreessen Horowitz (A16Z), which brings total project funds to $ 140 million. Pip seeks to position the story at the intersection of blockchain and artificial intelligence, a way to monitor and pay people for data used to train AI models. The launch of the mainnet story includes the first unlock event for the just-revealed IP token. “The story opens 25% of the initial 1 billion $ IP, with 58.4% focused on ecosy and community, foundations, and initial incentives,” the project said. – Sam Kessler Read more.
Ethereum developers release new Open Intents outline: A group of top developers and leaders of Ethereum released Wednesday a new framework that would simplify and standardize a cross-chain token shift.
The initiative, called The Open Intents Framework (OIF), was kicked by contributors from the Ethereum Foundation and supported 25 projects including teams that build layer-2s such as Arbitrum, Optimism, Zksync, and scroll, according to a press release distributed in CoinDesk .The purpose of the initiative is to bring “aspirations” to all corners of Ethereum ecosystem, which is a technological feature Lets a blockchain user achieve a specific goal By asking a mediator to fulfill that goal (such as a trade or transaction they want to do.) There are some outside standards trying to make cross-chain transactions easier by using goals. ERC-7683, introduced by the team behind the decentralized exchange of uniswap and the entire protocol, is One of those standards The Ethereum space spinning only -just, and the break -up must address and allow more chains to the Ethereum ecosystem to interoperate. But the OIF team claims that they will build that standard through their framework that allows the intent in functioning in size. “By offering a shared coordination of infrastructure and implementation, the OIF produces intention-based transactions without permission, efficient, and accessible for all projects,” the statement said. – Margaux Nijkerkk Read more.
Monad and properly join forces: Monad, an Ethereum Virtual Machine (EVM) Layer-1 Blockchain Closely launch its testnet, has joined forces on proper network, a Decentralized exchange (Dex) The infrastructure that supports a set of other chains, as platforms spread their nets in hopes of one second Decentralized Finance (Defi) Tag -init. The arrival of Monad Testnet On Wednesday the entrepreneurs will provide a fast -paced EVM site and the possibility of Airdrops in L1. The band orderly is 20 or so market makers include Wintermute, Selini and Riverside, according to a press release. Companies in the decentralized trading industry, which includes major exchanges such as Coinbase (coin), are hoping to climb defi activity In the coming months as the Management of Crypto-Friendly by President Donald Trump gives crypto a tail regulation. The first Defi Summer, in 2020, became hot on the heels of cuts in the interest of the Federal Reserve in response to the outbreak of the covid. Users have already offered a shared order book to many blockchains, including arbitrum, optimism, polygon, base, mantle and close. – Ian Allison Read more.
Trump – the most influential crypto investor?: Crypto is not all that are different from politics. According to Rushi Manche, the founder of the Blockchain Company movement, “Crypto is a game of attention.” It is appropriate, then, that Donald Trump – the Lord of all things attention – is at home selling memecoins. But not only Trump’s inner circle managed to achieve his crypto adventures, which included the $ Trump Coin and World Liberty Financial. Sometimes a Vocal Crypto is skepticalThe President has become the largest “main leader of the industry’s opinion – or KOL, in the parlance of the blockchain industry: a businessman whose portfolio is closely watched by other investors who decide what to buy and sell. Trump’s foray in the Crypto has created a new go-to-market playbook for ambitious peddlers to tokens like Manche-the foundchain founders that Realizing the price pumping of a token can be as simple as the elbow in a presidential crypto portfolio. He announced to his sons at Tag -Day. Company, which has not yet been a product, has developed a portfolio containing millions of dollars in the possessions of other crypto projects. On WednesdayIt announced that it was launching an official “strategic reserve” of crypto investments. Tradings are already raised serious concern Regarding conflicts of interest, dealing with the insider, and the nature of how the influence on the digital asset space influenced. Trump’s political opponents are Calling for investigations In his growing blockchain empire. But crypto founders like Manche See World Liberty’s Crypto investments as something different: once-to-a-theneration marketing opportunity. “You need to have a product roadmap that makes sense,” Manche said. “But you also have to have a strategy for your token.” And what is the better way to boost your cryptocurrency prices than by the public that it is tied to the free world leader? – Sam Kessler Read more.
In other news
- Libra token’s co-creation announced that she paid for Argentinian president Milei: It is unclear whether any money was exchanged between the inner circle of Davis and Milei in advance of the Libra launch. Danny Nelson Report.
- Argentinian President Milei’s Crypto ‘Fiasco’ will be a deathblow for Memecoin Craze?: The latest frenzy that began with the launch of the memecoin of US President Donald Trump and saw entrepreneurs who make and lose million -million Within minutes, it could finally fall into the Libra Fiasco Libra token.
- Regulation and Policy: Ethoro Secures Mica License from Cyprus to offer crypto services throughout EEA.
