2/ Listing on Coinbase is no easy task. Many projects have gone through this coveted process, so I wanted to acknowledge a few of the amazing projects - from play-to-earn to stablecoins - new to Coinbase in recent months.
3/ @AxieInfinity $AXS exploded this year, bringing the metaverse into the mainstream. With over $42M in sales in June 2021 alone, there’s no doubt that there’s more room to grow with gaming on-chain. I think play-to-earn is here to stay, and the Axie team is leading the way!
4/ @Terra_Money $WLUNA is making great progress developing a decentralized payment network driven by $LUNA, a multi-collateral, algorithmic stablecoin. $LUNA has seen incredible growth the last few years, especially in Asian markets.
5/ @TrustToken $TRU was one of the early stablecoins to create a simple way to transfer value on-chain and hedge volatility. TrustToken launched on #Avalanche last year. They are old friends of Avalanche and it’s great to see them thrive. theblockcrypto.com/linked/87939/t…
6/ @orion_protocol $ORN innovative protocol is familiar in the #Avalanche ecosystem–aggregating liquidity from centralized and decentralized exchanges. Orion enhances the overall trading experience for #DeFi users.
7/ Crypto is still a small ecosystem. There are many opportunities for growth, and we will strive to focus on collaboration and bringing Dapps, assets, and other blockchain tools to the masses. By coming together, we can put an even bigger dent in the universe! #bettertogether
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It seems essential that NFTs, being fashion and conspicuous consumption goods, lose, and in fact need to lose, their coolness factor over time. The same way we can't buy a wardrobe once and be cool forever, we'll need new hip avatars regularly.
Every item, from paintings to clothing to NFTs, experiences some decay in hipness over time.
Let lambda be the time it takes for some item to go from its maximum coolness to half its coolness. Think of it as the half life of cultural coolness.
So, if lambda for some thing is 1 year, that thing is half as cool in a year. In 6 years, it loses 98% of its coolness, starts looking like your grandfather's wristwatch.
Between $3m rocks and $12k for an invisible rock, everyone is saying that we've reached "peak NFT" today, and that we will only go down from here. I beg to differ.
NFTs are going to be with us for a long time to come. We have not yet seen the traditionally collectible content (e.g. Major League Baseball, soccer, etc) in digital form. We have not seen any viral NFT-based games. Nor have we seen any good NFT applications. >>
Most importantly, NFT-related tools are abysmal and the NFT ownership experience is pretty rough right now. The current NFT experience is simply a copy of the old playing card experience, with a lot of extra steps.
@gross_bit Yes, I'm happy to explain: what you're seeing is a feature, and further, the behavior you want is also supported. Chains where the addresses never change are disasters from a privacy standpoint. Avalanche is protecting your privacy here. Let's delve further >>
@gross_bit Suppose that the wallet just gave you a single, static address. Imagine now that we go to dinner, you pay, and I need to send you my half of the bill. I get to discover your address, *I get to know exactly how much you have* and *I get to watch all your future transactions*. >>
@gross_bit To avoid this, the Avalanche wallet gives you a new address as you use old addresses. That way, you can receive some money from me, and some money from someone else, without us being able to see each other's activities. >>
1/ Yesterday, the #Avalanche Foundation announced the biggest #DeFi incentive program to date. This will catalyze the next phase of hyper-growth that I’ve been personally looking forward to since launching Avalanche mainnet last year.
2/ All facets of the DeFi ecosystem need to co-exist and collaborate to create a functioning and widely adopted digital financial system: automated market makers (AMMs), DEXs, borrowing and lending protocols, insurance protocols, and the list goes on.
3/ It’s crucial to have all DeFi primitives working and communicating with each other flawlessly. DeFi users also need a seamless experience to participate in the ecosystem.
2/ In March we saw the first boom of $AVAX NFTs with projects like @cryptoseals, @southpolesanta1, @lamasticards, and @cubetarium launching as Avalanche-exclusive NFT projects, capturing the imagination of the community (myself included) and selling assets in excess of $500k-$1m.
3/ Right after these launches, @snowflakeavax & @unifty_io created marketplaces for these assets to be more easily discovered, listed, and traded between users.