Frames: What is the charm of the mini programs in Farcaster?

Author: Wendy, IOSG Ventures

Part.1 Insight

< p data-="" style="text-align: left;">Frames: What is the charm of small programs in Farcaster

We are excited about our attempt to make decentralized social finance seamless, which is like the beginning of the crypto holy grail.

Huge financing, top endorsements, airdrops, etc. made it capture a lot of market attention in the early days of its launch. However, due to its Due to the closed nature of the underlying protocol and the high entry threshold (there were few users in the initial beta test and there was a fee to log in), Farcaster failed to achieve a great response in the market for a period of time after the initial enthusiasm of users faded, and was more used as a technology/encryption It is a niche communication place where professionals in the industry circle their own territory. In recent days, the number of users has suddenly increased by more than ten times. One of the main reasons is that a new feature called Frames has appeared in its Warpast client.

https://dune.com/pixelhack/farcaster

Introduction to Farcaster Protocol

Farcaster is a decentralized social network protocol designed to establish direct connections between users and develop Authors can access public data without permission, support diverse and flexible client and application development, encourage innovation and experimentation, and provide users with rich social experiences and choices. Farcaster manages user identities on-chain based on Ethereum and OP, but stores messages and posts off-chain in the Hub network to increase speed and reduce costs. Farcaster is an open social protocol that allows various applications to be built on it. Currently, Warpcast is the only fully functional client on Farcaster.

Farcaster protocol consists of two key parts: one is the on-chain registry, where users can apply for a unique username. Identities are recorded and owned on-chain, and the other is an off-chain server or host where users save their social data, i.e. messages and posts are stored in a network of off-chain nodes that become the Hub.

Contract:

Farcaster account is saved on the chain by the contract. The main contract deployed on the OP mainnet consists of the following three parts:

• ID registration: The account identity is called Farcaster ID or fid.

• Storage: Storage space is leased by charging users an annual fee, and the price fluctuates based on supply and demand.

• Key registration: Accounts can interact with apps by registering keys, which can be added or deleted at any time.

Hubs:

Farcaster performs real-time data synchronization and dissemination through Hub nodes. The Hub node is a server that is responsible for validating, storing and replicating messages created by each account on the Farcaster network. Applications can achieve real-time read and write interactions with Farcaster by running the Hub node.

ENS domain name:

Currently Farcaster supports two ENS domain names:

• Off-chain ENS name: free, controlled by Farcaster, can be changed every 28 days;

• ENS domain name on the chain: paid, wallet controlled.

Fnames (i.e. the first category above) are controlled by the fcast.id subdomain name. Users can register and use them in all Farcasterapps Using, ENSIP-16 and ERC-3668 proposals describe in detail how fnames works.

Farcaster Development History

July 13, 2023 , the decentralized social protocol Farcaster announced the completion of US$30 million in financing. This round of financing was led by a16z, with participation from 1confirmation, Coinbase Ventures and other VCs. Vitalik is also often active in Farcaster and has repeatedly expressed his interest in decentralized social networking, saying bluntly that "Farcaster is actually very successful."

On July 27, Farcaster announced that it supports ENS usernames and users can connect to ENS domain names. On August 22, it was officially announced that Farcaster would be migrated to OP Mainnet. On October 12, 2023, co-founder Dan Romero announced that Farcaster has become 100% open for use without permission. To log in and register, you need to pay an annual fee of US$5 through legal currency channels (US$3 through an invitation link). After logging in, you will be rewarded with 50 coins. WAPS, currently priced equivalent to US$5, can be used for rewards within the ecosystem.

Farcaster currently has more than 20 developed applications, nearly 80,000 registered users, and more than one million messages published on the platform. Attracted by the launch of Frames' new features and the related memecoin hype, Farcaster's DAU has recently reached nearly 30,000, and the number of daily interactions has exceeded one million. Total agreement revenue is also close to $400,000.

Warpcast function introduction< /h3>

Warpcast is a client developed by the official team based on Farcaster. It supports desktop/Android/ios. It is a social application similar to Twitter/X. User registration and login are not required. Have a cryptocurrency wallet and pay the annual fee via Google Pay or Apple Pay.

UIUX is very similar to X/Twitter. Users can comment, like, and reward posts (casts). The Warps points used for rewards can be purchased with legal currency at a price of 0.01u/warps. In addition to purchases, users can get warps rewards by registering, inviting friends, and winning big rewards. Users can also add specific tags when publishing posts to indicate the channel they belong to, and can view discussions on specific topics in channels.

Frames

Frames is a newly developed function similar to Embed mini-program functionality, which allows developers to embed interactive experiences within Farcaster posts (casts). These interactive experiences can range from voting, minting NFTs to building games, and even integrating instant transaction checkout links directly into social media feeds, eliminating the need to switch platforms. For popular Frames, there is a special information flow on the Warpast homepage to view.

Frames logic is very simple. It is embedded in the client's information flow and displays pictures and buttons to the user. After the user clicks, they will jump to the corresponding page. A Frame is an HTML web application located on a web server. For the development of Frames, Farcaster official documentation provides detailed tutorials.

Since the launch of Frames, the number of daily active users of Farcaster has surged, and developers have rushed to build crypto-native applications, such as receiving or minting NFTs, playing games, etc. Most functions can be completed on the warpcast page without any signature jump operation. According to Spindl statistics, nearly a thousand Frames have been released by more than 400 applications since the product was launched nearly a week ago. A very popular Frames in the early days was called cookiecaster, which implemented the e-commerce shopping function in Warpcast. Users choose the cookie flavor and pay. In addition to getting physical cookies, they can also get on-chain cookie certificates, such as Bitcoin, for free. The Renaissance of Pizza.

Another common application of the Frames function is user incentives. Coinbase's official Farcaster account Based Institute has launched certification and rewards for active users. Users need to meet specific requirements (such as number of fans/account duration/posting activity, etc.), that is, You can click to receive 0.001 ETH and 8453 TYBG, a community token with meme meaning.

At the same time, we have also seen more projects built within the Farcaster ecosystem cleverly utilizing the Frames function. For example, Bountycaster, a task program created by Linda

Paragraph, the creator platform on the Base chain invested by USV, Coinbase Ventures, etc., has also developed and improved the Frames function. The long article preview published on the Paragraph platform in the information flow has three button options: Read Online, Read inline and Subscribe. Read Online has the same design as other platforms and will jump to the long article page of the web page. Read inline can be used in the information. The full text is displayed in the stream using inline page turning.

The hype of memecoin and related NFTs also played an important role in making Frames a market hot spot. Dozens of times of increase in one day and FDV with over 100 million tokens attracted a lot of attention. Multiple tokens were airdropped and distributed to early Farcaster users for free, and their wealth creation effect also attracted more new users to join Farcaster.

Why Frames is an exciting endeavor

From the perspective of Web2’s proven business path, personalized recommendations Algorithms are a tool for rapid growth. From Twitter to Netflix to Tiktok, all prove the important role of user preferences in building network effects on social media. If we look back at Facebook's growth history, when it was struggling with revenue from its IPO, it tried to provide users with more interactive response options in addition to "likes", thereby competing with other business model companies, such as Spotify and the Washington Post. Reports and other shared users and data. However, the ecological fragmentation of Web2 is still very obvious today. The giants are very aware of the importance of traffic moats. Users often need to jump to other applications to log in to complete the process, and it is very difficult to confirm identity and make payment. Web3 can compress these unnecessary jumps and confirmations into a single inline experience, focusing on intent and user experience, hiding the complex connection process. In Web 2, the multi-party coordination problem required to implement these user stories was insurmountable, but in Web 3 it is almost automatic, and the difficulty of payment, a key step in monetization, is easily eliminated.

Imagine these user scenarios:

1. The internet celebrity shared a selfie and shared a purchase link for the clothes in the photo along with a 10% discount coupon. Fans purchase with one click in the information flow: the influencer gets a rebate, the manufacturer sells the product, and you complete the shopping with a discounted price and a silky-smooth experience.

2. You are reading an announcement about a new protocol and a new token: Next to the text is An intuitive purchasing interface allows one-click purchasing. This is a feature not implemented by any existing product.

3. Someone wrote a long article and shared a link to the content: you click it, You can see articles you are interested in, pay or tip the author (and you can also get rewards for recommending and sharing). This only costs you a few cents and is a different experience than buying an e-book and paying for it.

Of course, in the field of Web3, the integration of social and financialization has already Many attempts have been made, not just the characteristics of Frames. Friend.Tech, which has become popular in the past year, uses price curves and fee sharing models to deeply combine financial speculation attributes with social interaction, but the transaction object is single (only personal keys can be traded); Telegram bot uses Telegram’s social networking In the form of dialogue, a more user-friendly dex function is implemented, but the construction of social relationships has not become part of the product; task platforms such as Galx assist user growth and other activities by publishing tasks, but they are strongly dependent on traditional social platforms such as X, and require Multiple authentication jumps, etc.

Different products have different segments, but they all explore the interoperable identity and transaction record features of blockchain. If we think big, permissionless coupling of consumer experience with on-chain mechanisms is very natural in Web 3. By creating Frames, user-unfriendly operations such as wallet signing are hidden in the background, and seamless handling of money and digital ownership makes it possible to have a true and pervasive picture of user behavior across consumer applications that is even Web2 also failed to achieve this in its heyday.

Conclusion

For this seemingly simple solution in Farcaster Many big names in the encryption industry have clearly expressed their love and optimism for the Frames function. The founder of Electric Capital said that when a new social app breaks through on a new platform, it will feed back tenfold growth in this industry. Now the encryption infrastructure is nearly complete. A16Z investors even bluntly said that the energy of Farcaster and Frames is like the impact of Web2's ajax/open web in 2005.

ElectricCapital founder

a16z crypto investor

Institutions and capital are also very keen on this new idea. DWF Labs, Variant and other institutions have also launched Farcaster Frames Hackathon. Frames has set off a new wave of social dApp innovation in DeSoc. Based on Frame, developers can embed their own application dApp into the Farcaster client, allowing users to achieve various interactive experiences based on Post. The developers in the Farcaster community are proud to call themselves Framers, and hundreds of Framers have developed many wonderful works using Frames.

Decentralized social networking has always been a promising track. Whether it is the underlying data infrastructure, protocol or application layer, there are many projects underway. try. We believe that the combination of decentralized finance and social networking will bring about great changes and have extremely broad development prospects. Although Frames and many social applications are still in their early stages, interest and attention in this direction will remain extremely high.

Part.2 Investment and Financing Events

Bitcoin ecological composability DID protocol BRC-137 completed a US$2.5 million seed round of financing

* BTC Ecosystem

Bitcoin ecological composability DID protocol BRC-137 announced the completion of a US$2.5 million seed round of financing. This round of financing was led by Basics Capital, DFG, Gate Labs, JSquare and other institutions. The funds will be used to accelerate the development and improvement of the protocol and ecological growth to realize the native social universe of the Bitcoin ecosystem. According to the BRC-137 white paper, BRC-137 aims to build a richer DID ecosystem while improving asset liquidity by introducing combinable prefixes and suffixes. In addition, the protocol also introduces a royalty mechanism to promote the development and innovation of social models on the chain.

Gamified social platform SoulLand completed tens of millions of financing

* Game

Gamification Social platform SoulLand announced the completion of tens of millions of yuan in financing, with participating institutions including Foresight Ventures, Redline DAO, Zonff Partners, MEXC, Mandala Ventures Limited, Stratified Capital, Basics Capital and Onemax Capital. The specific amount of financing was not disclosed. The funds will be used to develop gamified solutions, allowing users to obtain first-hand information from KOLs through social networking and participate in game battles, staking and other gameplay to earn token rewards, thereby obtaining an interesting learning experience with profit goals. It is reported that SoulLand is a gamified social subscription platform. It has been online for half a month, has 500,000 registered users, and has been launched on the App Store and Google Play. SoulLand solves the sinking information and social needs of Web3 by introducing gamification elements.

LK Venture, a subsidiary of Linekong Interactive, announced its investment in Bitcoin DeFi infrastructure bitSmiley

* DeFi

LK Venture, a subsidiary of Hong Kong listed company Linekong Interactive, announced on the X platform that it has participated in the first round of financing of the Bitcoin DeFi infrastructure bitSmiley through the Bitcoin network ecological investment management fund BTC NEXT. According to reports, bitSmiley is a Bitcoin blockchain protocol based on the Fintegra framework and consists of three main components: a decentralized over-collateralized stablecoin protocol; a local trustless lending protocol, and a derivatives protocol.

Cross-chain domain name service Clusters completed US$9 million in seed round financing

* DeFi

Cross-chain domain name service Clusters announced the completion of a US$9 million seed round of financing, with participation from Variant, Collab+Currency, Arrington Capital, Mask Network and Electric Capital, PalmTree Crypto, Bloccelerate, Arca, Coinabse, Polygon and MetaStreet. It is reported that Clusters is a product of Delegate Labs, the development company of Web3 identity provider Delegate Protocol. The platform uses LayerZero's full-chain protocol to perform cross-chain name services. The platform allows users to purchase domain names from any chain and automatically display them on other chains. The cluster domain name service was developed to solve the challenges of fragmentation in the blockchain industry. Traditionally, users have been forced to use multiple wallets to interact with a specific blockchain. Through clustering, users can interact with multiple blockchains without having to switch wallets.

Pixelmon completed $8 million in seed round financing, with participation from Animoca Brands and others

* NFT

NFT project Pixelmon completed a US$8 million seed round of financing, with participation from Animoca Brands, Delphi Ventures and Foresight Ventures, Amber Group, 9GAG founder Ray Chan and Immutable co-founder Robbie Ferguson. The team plans to use the newly raised funds to boost development of its portfolio of casual and mid-core games. Previously, Pixelmon raised $70 million by selling NFTs in February 2022. However, after the NFT map was opened, it was accused that there was a large gap between the actual and expected results, triggering strong protests from the community. Since September of that year, Pixelmon has been working on reinventing its decentralized gaming franchise with a new team under LiquidX Studios. Pixelmon is a decentralized gaming brand based on the mythical creature of the same name. It is owned by Pixelation Labs, a subsidiary of Singapore-based Web3 venture LiquidX Studios.

Delegate Labs completes US$9 million in seed round financing

* DID

Delegate Labs announced Completed US$9 million in seed round financing. The round, which includes participation from Electric Capital, Arca, Variant and Arrington Capital, will be used in part to fund its latest protocol, Clusters. Clusters is a cross-chain, multi-wallet name service designed to solve the fragmentation problem users encounter when transacting across different networks.

Encryption startup Velar completes US$3.5 million in financing

* DeFi

Cryptocurrency Startup Company Velar has raised $3.5 million in funding, with participation from Bitcoin Startup Lab, CMS Holdings, Black Edge Capital, GBV, Cypher Capital, Trust Machines SPV, Transform Capital, Maple Block and Samara Asset Group. Velar plans to build a perpetual derivatives exchange for Bitcoin decentralized finance (DeFi). Velar is particularly focused on Stacks’ upcoming Nakamoto Release, which is expected to introduce sBTC, a synthetic Bitcoin asset pegged to BTC, allowing holders to unlock the DeFi value of their Bitcoin holdings without giving up custody.

Hybrid encryption trading platform Cube.Exchange completed a $12 million Series A round of financing, led by 6th Man Ventures

< p style="text-align: left;">* CeFi & DeFi

< p style="text-align: left;">Cube.Exchange, a hybrid cryptocurrency trading platform, has raised $12 million in its Series A funding round. The round was led by 6th Man Ventures, with participation from GSR Markets, ParaFi Digital, Susquehanna Private Equity Investments, Everstake Capital and others. The funding brings Cube’s valuation to $100 million. Cube uses a hybrid model of off-chain order matching and on-chain settlement, allowing users to maintain ownership of their assets without having to transfer them to an exchange custody account. Cube currently supports native settlements for Bitcoin, Ethereum, Dogecoin, and Solana, with plans to support more layer-1 networks in the future.

DePIN infrastructure provider Hivello completed a new round of financing of US$1.5 million, with participation from NGC and others

* DePIN

Decentralized DePIN infrastructure service provider Hivello announced the completion of a new round of financing of 1.5 million, Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, Candaq, NGC, Blockchain Founders Fund, IDG With participation in the investment, the company intends to use the new financing to expand its technical capabilities, accelerate product development, and consolidate its market position in the DePIN field. It is reported that DePIN refers to the use of blockchain technology and token incentives to build a physical infrastructure network so that other projects do not need to bear the cost of purchasing and running their own equipment. Previously, it was reported in December last year that Hivello completed a US$1 million Pre-Seed round of financing.

The cross-chain protocol Squid completed US$4 million in strategic financing, led by Polychain Capital

* Cross Chain

Cross-chain liquidity routing protocol Squid announced it has received $4 million in strategic financing, led by Polychain Capital, with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, XYZ, Breed, Binary Builders and Typhon Ventures, and Distributed Global , Fabric Ventures, Node Capital and Chapter One made additional investments. The funding will be used to accelerate development to enable more complex transaction sequence bundling and more efficient asset routing. Additionally, the team is integrating with more interoperability networks and plans to bring Squid to more blockchain ecosystems beyond Ethereum and Cosmos. According to previous news, Squid completed US$3.5 million in financing in February last year, led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One and Node Capital.

Bitcoin DEX Portal completes US$34 million in seed round financing

* DEX

Based on Bitcoin’s decentralized exchange (DEX) Portal has raised $34 million in a seed funding round. This round of financing includes investments from Coinbase Ventures, OKX Ventures, Arrington Capital, and Gate.io Ventures, among others, and will be used for the development of Portal. Portal is a cross-chain atomic swap protocol that provides decentralized trading and wallet services. Portal plans to launch its product on the mainnet and expand its ecosystem to reduce custody risks. The funding brings Portal’s total funding to $42.5 million. In the coming months, Portal also plans to launch an artificial intelligence-driven investment application to help users make "intelligent" investment decisions using artificial intelligence technology.

Web3 decentralized artificial intelligence training network completed US$2 million in seed round financing

* AI

Web3 decentralized artificial intelligence training network PublicAI completed a US$2 million seed round of financing, with participation from IOBC Capital, Foresight Ventures, Solana Foundation and Everstate Capital. The new funds will be used primarily to accelerate the launch and launch of the network. It is reported that the project team is composed of PhDs and professors from Stanford University and former employees of Goldman Sachs and JPMorgan Chase. PublicAI uses Web3 to build a decentralized AI training network where anyone can receive rewards by providing data works. Steven Wong, founder of PublicAI, said: "PublicAI aims to use blockchain technology to generate massive amounts of high-quality training data on a large scale to solve all the problems faced by artificial intelligence so far, including ethical issues, human preferences, 'illusions', and data pollution. etc., so that everyone can participate in the development of artificial intelligence."

Gevulot, an L1 blockchain focusing on zero-knowledge proofs, completed 6 million USD seed round financing, led by Variant

* Layer1

Gevulot has completed a $6 million seed funding round led by Variant. Gevulot plans to use the funds to launch a Layer 1 blockchain utilizing zero-knowledge proofs (ZK proofs). This technology will enable developers to delegate computing tasks over a network of advanced hardware operations, creating new opportunities for scalable applications. Gevulot is about to launch a developer-oriented network (devnet) and cooperate with multiple validator companies.

Digital asset startup Mesh receives $6.5 million investment from PayPal

* Safety

PayPal’s venture capital arm has invested $5 million in digital asset startup Mesh. Notably, the investment was made through PayPal’s PYUSD stablecoin, which was launched last August. PayPal Ventures added an additional $1.5 million in cash in addition to its investment in the form of the PYUSD stablecoin. Mesh is a company founded by cybersecurity veterans that focuses on secure communications and cryptocurrency-based financial transactions. Described as the Plaid of the cryptocurrency world, Mesh aims to simplify the transfer of funds from exchanges to wallets to cryptocurrency-enabled financial apps. Mesh currently generates more than $1 million in annual revenue and is not yet profitable, but according to the founders, becoming profitable is feasible.

Part.3 IOSG post-investment Project Progress

AltLayer: ALT airdrop registration phase for Celestia pledgers now Open, applications will begin on February 20th

* Restaking

Rollup-as-a-service protocol AltLayer announced that in the first season of airdrops, it will The ALT airdrop registration phase is now open for Celestia (TIA) stakers. Please note that the snapshot of Celestia staker addresses was taken on January 1, 2024 at 12:00:17 AM UTC (Celestia block number 571632), and the snapshot of MilkyWay TIA (milkTIA) was taken on January 17, 2024 at 12:00:11AM UTC (Celestia block number 13305634). The airdrop claim for Celestia stakers will be done in two steps. During the first phase, also known as the registration phase, eligible Celestia addresses will need to register their Ethereum address, which will receive ALT tokens. Registration will be open for two weeks starting February 2, 2024 at 8:00 UTC, with the second phase (also known as the claim phase) starting on February 20 and lasting until March 5. Any unclaimed ALT tokens during the registration phase or claim phase will be returned to AltLayer’s vault.

zkSync developer Matter Labs proposed that Treasure Chain use ZK Stack as Layer2

* Layer2

Omar, the BD head of zkSync developer Matter Labs, proposed in the TreasureDAO community that Treasure Chain uses ZK Stack as Layer2, which will enable TreasureDAO to have the ability to pass game or application-specific Layer3 chain expands vertically. In addition, Matter Labs said it is working with the Lambda Class team so that the ZK Stack chain can have its own native Gas token, and the Treasure Chain can use MAGIC or any other ERC-20 as the Gas token. Prior to yesterday’s news, Optimism Lianchuang proposed that Treasure build Treasure Chain based on OP Stack; the release of the simplified version of the Treasure Chain white paper will be postponed by one week.

The Arbitrum community initiated a proposal to implement the ArbOS 20 version to support most of the improvements in the Dencun upgrade

* Layer2

< p style="text-align: left;">The Arbitrum community has launched an AIP proposal called "ArbOS 20 version", which proposes many improvements to the Arbitrum chain, including leveraging EIP 4844 to build L1 Ethereum at a lower price. The ability to publish L2 transaction batches as blobs. The proposal also includes support for most of the changes included in the Ethereum Dencun upgrade. The proposed ArbOS 20 upgrade will be ready for adoption by any Arbitrum chain, and this proposal concerns the Arbitrum One and Nova chains as they are managed by the Arbitrum DAO. At a high level, an ArbOS upgrade can be thought of as a hard fork of Arbitrum. ArbOS 20 version is an upgrade based on the ArbOS 11 version that has been adopted by Arbitrum DAO. The proposal increases the version number to 20 instead of 12 due to technical details that allow for better Orbit chain customizability.

Web3 payments company Transak joins Visa Direct to simplify crypto-to-fiat conversions

* Payment

Web3 payments infrastructure provider Transak has announced it has joined Visa Direct to simplify the conversion of cryptocurrencies into fiat currencies. The deal allows users of the Web3 payments infrastructure provider in over 145 countries to easily convert cryptocurrencies into local currencies.

Starknet will cooperate with Celestia to build high-throughput Layer 3 network

* Layer2

Ethereum Layer 2 expansion solution Starknet officially announced on the X platform that it will cooperate with the modular blockchain network Celestia to achieve high throughput Layer 3 network. According to reports, using Celestia as a modular DA to build high-throughput application chains on Starknet is a game-changing combination, and this collaboration will port Celestia Blobstream to Cairo for use on Starknet.

Part.4 Industry Pulse

Ethereum developers will determine the mainnet launch date for the Dencun upgrade next Thursday

* Ethereum< /p>

Ethereum developers plan to determine the mainnet launch date for the Dencun upgrade next Thursday (February 8), which will introduce several EIPs, including an expected lower The original data sharding of Layer2 transaction costs (proto-dank sharding). In a post to Reddit on February 1, Ethereum Core developer Tim Beiko said that testing of the recent upgrade went "very smoothly" and highlighted key details from the 180th Ethereum Core Developer Executive (ACDE) meeting , in which Ethereum developers drew attention to the recent success of the Sepolia fork on January 30 and the upcoming Holesky testnet upgrade on February 7. The Dencun upgrade will allow for the unstaking of Ethereum and is seen as an important update to attract more institutional investors to Ethereum. Beiko said: "Assuming everything goes well by then, we will choose the mainnet fork time at ACDC next week." Christine Kim, vice president of research at Galaxy Digital, said: "The probability of Dencun mainnet activation by the end of March is 80% %, Dencun may also go online at the end of February, but it is said that this possibility is very small, close to 40%.”

Ethereum Dencun upgrade has been launched Sepolia testnet is online

* Ethereum

Ethereum Dencun upgrade has been launched in Sepolia Testnet is online. Sepolia is the second of three testnets Dencun is upgrading. Dencun went live on the Goerli testnet earlier this month. On February 7, Dencun will go live on Holesky, its final Ethereum testnet. The developer will then sign the date of activation of Dencun on the main blockchain. The testnet replicates the main blockchain and allows developers to make any changes to the protocol or its decentralized applications in a low-risk environment. According to previous news, if everything goes as planned, Dencun will be launched on the Ethereum mainnet at the end of February or early March. Originally expected to take place in the last quarter of 2023, Dencun would be Ethereum’s biggest upgrade since the Shapella upgrade last March. The upgrade includes several changes, most notably the introduction of EIP-4844’s temporary data blobs (also known as “protodanksharding”), which will help reduce L2 transaction fees.

Avalanche will launch the Durango upgrade on the Fuji test network in the early morning of February 14th

* Layer1< /strong>

Avalanche said on the X platform that the pre-release code for Durango, a proposed upgrade to the Avalanche network, has been released and will be launched in Beijing It will be activated on the Fuji test network at 0:00 on February 14, 2024. It is reported that the Durango upgrade introduces Avalanche Warp Messaging to the C chain, enabling local cross-chain communication for each EVM chain in the Avalanche ecosystem, and establishing a standard for future virtual machines (VMs) using AWM.

ZetaChain plans to launch on the mainnet in the next few days

* Layer1

ZetaChain, a Layer 1 blockchain operator focused on interoperability, plans to launch on the mainnet in the next few days, aiming to integrate Bitcoin, Ethereum Unify Fang and other chains. The project allows the development of decentralized applications that can natively use cryptocurrencies on multiple blockchains. ZetaChain will integrate with multiple blockchains of different types, from Bitcoin and Ethereum to chains in the Cosmos ecosystem. However, the project faces risks and is planned to evolve gradually. Ankur Nandwani, a core contributor to the ZetaChain project, said that given these risks, the project plans to expand slowly. Related reading: ZetaChain mainnet countdown: opening a new chapter in full-chain integration.

The new Ethereum L2 network Immutable zkEVM mainnet has entered the early access stage

* Layer1

Chain game company Immutable announced that the Immutable zkEVM mainnet early access is now online, which is a new game-centered Ethereum Layer 2 networking, powered by Polygon's zkEVM technology. Immutable zkEVM will currently remain in a limited early access configuration, meaning only approved developers can build on the network. A representative said that Immutable zkEVM hopes to be available to all builders sometime in 2024, although this has not yet been confirmed. At the same time, the zkEVM testnet is available for studios to conduct experiments and testing. "The launch of Immutable zkEVM marks an important milestone in our mission to create the best end-to-end experience for Web3 games," said Michael Powell, head of product marketing at Immutable. "By providing players with gas-free functionality, turnkey product integrations and smart contract templates and a secure gaming environment that makes it easier to build great games. By building on top of Immutable zkEVM, additional features are possible that will leverage the collective development efforts of the Ethereum ecosystem."

Jupiter launches JUP token airdrop, with approximately 955,000 eligible wallets

* DEX

Jupiter, the Solana ecological transaction aggregator, launched an airdrop of JUP tokens through its own Launchpad at 23:00 on January 31, Beijing time. Reports stated that this The coin issuance may be the largest in 2024. Approximately 955,000 wallets are eligible for the JUP airdrop, including early users who interacted with the protocol before the November 2, 2023 snapshot. Jupiter has launched a tool to let users check if they are eligible. According to Jupiter's previous To community members and developers. Jupiter plans to offer more JUP token airdrops to new users in the future, but there is currently no exact timeline on when the airdrops will occur or how profitable the airdrops will be for new users. Overall, 10 billion JUP tokens were minted. Half of the tokens will enter the community through multiple airdrops and other initiatives. Ultimately, 4 billion JUP will be distributed through four rounds of airdrops, of which 1 billion JUP will be used for the initial token claim on Wednesday.

OpenSea: More than 100,000 users have created OpenSea embedded wallets via email

* NFT

NFT market OpenSea said on the X platform that just three weeks after its launch, more than 100,000 users registered via email to create OpenSea embedded wallet. As previously reported on January 10, OpenSea launched a new feature for creating crypto wallets using email.

Binance Web3 wallet has supported BRC-20 assets and launched the Inscription Market

* Wallet< /strong>

Binance Web3 wallet has supported Ordinals, and users can manage BRC-20 assets. It is reported that Binance Inscription Market is a one-stop solution that enables users to trade and inscribe various Inscription tokens on their Binance Web3 wallet. Binance Inscription Market only supports Binance app version 2.78 and above. If the user is using a semi-custodial wallet, please back up the wallet to a self-service wallet first. Log in to the Binance app and go to “Wallets” - “Web3” and you will see Inscription Market under the “Discover” tab.

OKX Web3 wallet is now integrated with the ZetaChain mainnet, and users can receive ZETA airdrop rewards

* Wallet

OKX Web3 wallet is now integrated with the ZetaChain main network. Users do not need to manually configure it. They can switch to the ZetaChain network with one click and perform corresponding operations. Currency management and ecological DApp interaction. In addition, users can now not only check and claim Zeta airdrops through OKX Web3 Giveaway, but ZETA rewards from Cryptopedia’s eighth interactive task have been distributed to winning user wallets. It is reported that OKX Web3 Wallet is the industry's leading one-stop Web3 entrance. It now supports 85+ public chains. The three terminals of App, plug-in and web page are unified, covering 5 major sectors of wallet, DEX, DeFi, NFT market, DApp exploration, and supports Ordinals market, MPC and AA smart contract wallets, exchange Gas, connect hardware wallets, etc.

Bitcoin ZK Rollup second-layer solution SatoshiVM has been connected to the OKX Web3 wallet

* BTC Layer2< /strong>

SatoshiVM is now connected to the OKX Web3 wallet. Users can use the OKX Web3 wallet to conduct Bitcoin Testnet, SatoshiVM Testnet, and Ethereum on SatoshiVM. Cross-chain assets between SepoliaSatoshiVM Testnet, etc. SatoshiVM Bitcoin ZK Rollup two-layer solution uses EVM for off-chain computing, that is, users can interact with SatoshiVM in a manner similar to interacting with Ethereum, and developers can build on SatoshiVM just like on Ethereum. It is reported that OKX Web3 Wallet is the industry's leading one-stop Web3 entrance. It now supports 85+ public chains. The three terminals of App, plug-in and web page are unified, covering 5 major sectors: wallet, DEX, DeFi, NFT market, DApp exploration, and supports Ordinals market, MPC and AA smart contract wallets, exchange Gas, connect hardware wallets, etc.