CryptoSlate (@cryptoslate) • Hey
Comprehensive and contextualized source for news, insights & data. Focusing on Bitcoin, macro, DeFi, and AI.
Publications
- New SlateCast🎙️: Bitcoinization of Cosmos
"I started working on Cosmos because this is how we build the app layer for #Bitcoin"
🎤 Guest: Sunny Aggarwal Co-founder of Osmosis
🗣️ Hosts: Nate Whitehill & @lens/akiba
- New SlateCast 🎙️: The sleeper AI crypto project born to compete against Wikipedia
The latest SlateCast episode sees @iqwiki Chief Brain Navin Vethanayagam join @akiba and Nate to talk about how AI is being used within its decentralized knowledge base to create new tools to help educate new users and even audit smart contracts in web3.
- The SlateCast is now on @lens/lens!
@lens/phaver CEO @lens/joonatan joins CryptoSlate's @lens/akiba and Nate to talk Phaver Up, @lens/bonsai and loads more.
Watch & collect now! 🔥
- SocialFi explosion with @lens/joonatan of @lens/phaver and hosts @lens/akiba
The social layer of web3 is rapidly evolving and emerging as a crucial frontier. In a recent episode of the SlateCast podcast, CryptoSlate's Liam "Akiba" Wright and CEO Nate Whitehill sat down with Joonatan Lintala, the CEO of the web3 social app Phaver, to explore how this new paradigm is empowering creators and communities.
The Meme Coin Conundrum
The discussion started with a dive into the controversial world of meme coins. Akiba, a self-proclaimed critic of memecoins, argued that they often "hurt adoption" and represent "gambling" rather than genuine value creation. However, he acknowledged that Lens memecoins, such as Bonsai and Degen, behave differently, potentially driving the adoption of decentralized social platforms.
Lintala shared a similar perspective, noting the "casino and the computer" dichotomy in blockchain, where speculation can overshadow the development of real-world solutions. He explained:
"If the meme coins, in this case, the social meme coins especially, are the ones that are actually driving adoption of those computer side solutions, such as decentralized social and web free social, then obviously they can be a net positive."
Favor's Approach to Tokens
Lintala delved into Phaver's approach to building an in-app economy, emphasizing the importance of being "farming resistant" and incorporating advertising partners. He highlighted the lessons learned from the Lens ecosystem, where airdrops to bots and multi-account users have diluted the value of some meme coin distributions. Lintala explained:
"We're hoping that's going to be kind of even more of an adoption driver. But at the same time, it's been very bullish to see how well Bonsai is doing on the Lens side. And of course Degen on the Farcaster side has been an even much bigger success and very much driving the adoption of Farcaster, despite being a third party meme coin on top of Warpcast right now."
Building Partnerships and Community
A key aspect of Phaver's strategy is building mutually beneficial partnerships with high-quality web3 projects and local communities. Lintala highlighted the importance of these collaborations, stating:
"By far the biggest value you can bring in growth is if you build mutually beneficial partnerships with high-quality people or projects."
This approach has allowed Phaver to create a thriving ecosystem, with creators from diverse backgrounds and locations finding a home on the platform. Lintala noted:
"We have a lot of really amazing content. Female creators, whether they are creating art or music or just in general sheet posting."
The Holistic Web3 Social Experience
Phaver's vision extends beyond just social media functionality, as the platform aims to provide a seamless and accessible experience for users to engage with various web3 features. Lintala explained the company's plans to integrate Lens, Farcaster, and Open Actions, allowing users to mint NFTs, sell digital content, and more, all within the Phaver ecosystem. Lintala shared:
"We want to include both Forecaster Frames and Lens Open Actions. Besides Lens collecting alone, we see that while collecting posts does have an amount of potential in itself, but I think there's even more potential in the general collectibles minting of, if you're an artist you can make kind of an actual NFT instead of a Lens post NFT out of an artwork and allow people to meet that if you're a musician, you can sell your fantasies directly in frames or open actions, all of that, I think will have even bigger potential than just the collecting alone."
The Future of Web3 Social
As the web3 social landscape continues to gain adoption, Phaver's focus on building a mainstream-friendly, farming-resistant platform that empowers creators and communities across the globe stands out. With plans to integrate various web3 functionalities and maintain a diverse and engaged user base, Phaver aims to be a leading player in the next chapter of decentralized social media.
- Bitcoin mining difficulty rises 4% just days before halving event
https://cryptoslate.com/bitcoin-mining-difficulty-rises-4-before-halving-event/
- CryptoSlate Wrapped Daily: Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework
Community debating that ETH could be classified as security token post-merge, US banks pausing crypto lending plans amid challenging SEC guidelines and much more in this edition of CryptoSlate Wrapped Daily.
https://cryptoslate.com/cryptoslate-wrapped-daily-ethereum-could-be-considered-a-security-post-merge-whitehouse-releases-crypto-regulatory-framework/
- Santiment data shows 2 addresses controlling over 45% of Ethereum transactions post-merge
The market intelligence platform said the dominance of the addresses is something to watch.
https://cryptoslate.com/santiment-data-shows-2-addresses-controlling-over-45-of-ethereum-transactions-post-merge/
- Going live in 10 mins!!
https://youtu.be/iWSfXxTOZDE
- Ethereum Proof-of-Work fork is set to launch 24 hours post-Merge
The ETHW team announced the PoW mainnet will start at the block height of the Merge 'plus' 2048 blocks to ensure the chainID switches successfully.
https://cryptoslate.com/ethereum-proof-of-work-fork-is-set-to-launch-24-hours-post-merge/
- Centralization, sell-offs, and network stability: What’s troubling Ethereum ahead of the Merge?
In its latest report, Nansen argues that most concerns are largely unwarranted and that the Merge will not damage Ethereum's core value proposition.
https://cryptoslate.com/centralization-sell-offs-and-network-stability-whats-troubling-ethereum-ahead-of-the-merge/
- Research: Ethereum gas usage by stablecoins, DeFi, NFTs, and ERC -20 contracts
During the current bear market, gas usage has trended downwards for each of the four categories, however, ERC-20 contract gas usage appears to have bottomed.
https://cryptoslate.com/ethereum-gas-usage-by-stablecoins-defi-nfts-and-erc-20-contracts/
- Research: As the merge approaches on-chain data suggests ETH used as store of value
According to on-chain data, as the merge approaches, the dominant behavior across the Ethereum network is to HODL. Coins held by Ethereum investors are maturing to showcase a higher number of HODLers unwilling to sell.
https://cryptoslate.com/research-as-the-merge-approaches-on-chain-data-suggests-eth-used-as-store-of-value/
- Google adds Ethereum Merge countdown clock as searches reach all-time high
Google Cloud blockchain developer Sam Padilla showcased the latest update to Google Search which includes a real-time Merge countdown with merging pandas.
https://cryptoslate.com/google-adds-ethereum-merge-countdown-clock-as-searches-reach-all-time-high/
- Here’s why miner capitulation is actually good news for Bitcoin
While brutal, fluctuations in mining profitability purge the network from unprofitable operations and weak miners unable to bear the volatility.
https://cryptoslate.com/research-miners-capitulating-is-actually-good-news-for-bitcoin/
- Trading ETHPoW tokens could open users to risk of losing Mainnet $ETH
Selling ETHPoW tokens could lead to losing Mainnet ETH if the ChainID of ETHPoW is not updated as planned.
https://cryptoslate.com/trading-ethpow-tokens-could-open-users-to-risk-of-losing-mainnet-eth/
- ETHPoW team confirms it will use ChainID 10001 to avoid replay attacks on Mainnet
After Coinbase got involved to attempt to get ETHPoW to update its ChainID, the PoW team have finally announced it will use a different ChainID than Mainnet.
https://cryptoslate.com/ethereumpow-confirm-it-will-use-chainid-10001-to-avoid-replay-attacks-on-mainnet/
- CryptoSlate Wrapped Daily: Coinbase wants to give MakerDAO $24M per year in yield; Ripple has ‘several pilots’ in works on CBDCs
Voyager receives bids from 22 parties interested in buying its assets, Algorand upgrades its network mainnet to increase its transaction capacity and much more in this edition of CryptoSlate Wrapped Daily.
https://cryptoslate.com/cryptoslate-wrapped-daily-coinbase-wants-to-give-makerdao-24m-per-year-in-yield-ripple-has-several-pilots-in-works-on-cbdcs/
- Beyond excited to announce a HUGE WATCH PARTY for The Merge
@cryptoslate.lens is hosting an All Day Livestream on the day of The Merge and we're bringing along some of the coolest projects in the space today.
Check out the info here: https://cryptoslate.com/event/ethereum-merge-watch-party/
Please Mirror and tag your fave projects as we still have 1 or 2 slots open!
- Something big about to drop from @cryptoslate.lens 👀
- Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100
Crypto community members argued that a fee less than $100 would ensure inclusivity for all.
https://cryptoslate.com/vitalik-buterin-poll-reveals-community-want-5-letter-eth-domain-name-for-100/
- CryptoSlate Wrapped Daily: Bitcoin drops from key levels with whales on the move; Ethereum continues to gain ground with Bellatrix fork
Liquidations cross $100 million within 4 hours as BTC declines below $19k, Ethereum expects Paris upgrade as Bellatrix upgrade goes live and much more in this edition of CryptoSlate Wrapped Daily
https://cryptoslate.com/cryptoslate-wrapped-daily-bitcoin-drops-from-key-levels-with-whales-on-the-move-ethereum-continues-to-gain-ground-with-bellatrix-fork/
- Ethereum prints year-to-date high vs Bitcoin after Bellatrix hard fork ahead of The Merge
Ethereum continues to gain ground, up 6% on Bitcoin as the Bellatrix upgrade readies the network for the Merge later this month.
https://cryptoslate.com/ethereum-prints-year-to-date-high-vs-bitcoin-after-bellatrix-hard-fork-ahead-of-the-merge/
- Bellatrix upgrade goes live, sets stage for Ethereum's Merge
The Bellatrix hard fork has just been activate on the Beacon chain and now only the Paris event remains before Ethereum's switch to proof-of-stake.
https://cryptoslate.com/bellatrix-upgrade-goes-live-before-the-ethereum-merge/
- Binance will stop supporting USDC, certain other stablecoins by Sept. 29
Binance says the move is geared toward enhancing liquidity and capital efficiency for its users.
https://cryptoslate.com/binance-will-stop-supporting-usdc-certain-other-stablecoins-by-sept-29/
- Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100
Crypto community members argued that a fee less than $100 would ensure inclusivity for all.
https://cryptoslate.com/vitalik-buterin-poll-reveals-community-want-5-letter-eth-domain-name-for-100/
- A weekly recap of key Bitcoin metrics and the macro factors affecting its performance markets, published every Monday at 10:00 a.m. ET.
https://cryptoslate.com/market-reports/weekly-macroslate-rising-us-dollar-the-impact-of-high-inflation-high-energy-and-rising-rates-on-bitcoin-price/
- Research: What happens to our assets in a stagflationary environment? Will smart money eventually move into BTC?
Overvalued property, overbought equities, and negative real yield bonds are all heading into a stagflationary period that could last up to several years — and push many investors into Bitcoin.
https://cryptoslate.com/research-what-happens-to-assets-in-a-stagflation-will-smart-money-eventually-move-into-btc/
- ENS reaches 2 million names created - top holder owns 35k domains
The landmark 2 millionth ENS domain has been minted as it retains a top 10 spot on OpenSea's secondary market
https://cryptoslate.com/ens-reaches-2-million-names-created-top-holder-owns-35k-domains/