Biconomy Profile picture
Jul 25 17 tweets 12 min read
📢BICO Weekly Degen Digest reporting LIVE!

Some serious alpha in the past week:

🔺ETH is up ~40% in the last 30 days & BTC is up 8%.

🔺AVAX is up 31%, MATIC is up 57% & CRV is up 66%

Is it a great time to start deploying for builders?🤔

Let's find out!🧵👇 Image

💹Market Updates:

While $ETH has released strong hopium in the market, macro indicators are still bleak and bleaker.

For the first time in the decade, the ECB has announced it's getting ready for rate hikes while there are rumors of a 100 basis point rise in the US.

It's hard to say what's behind the price rally - the incoming Merge or just another short bull run?

Nonetheless, it is an excellent time to deploy! Teams, projects, and even #Web2 firms continue to innovate and deploy!

The era of stablecoins might just be starting:

Stablecoins enhance fiat currencies & imbue them with the cryptographic certainty, fast settlement time, and international transportability of crypto-currencies.👇

Will @CurveFinance's attempt at designing a collateralized stable revive lost hope?

It is an exciting space to watch.…

Keeping the #zkSync rally alive - @the_matter_labs schedules Mainnet Launch for October👇…

We @biconomy are optimistic about the zk technology for scalability and privacy👇

The South Korean government has decided to suspend/delay the taxation of virtual assets for two years.

What are its implications?👇

Big sell-offs from institutions could have driven the #Bitcoin price drop since May.

Large institutions sold $5.5B in $BTC since May. #Tesla alone sold 75% of Bitcoin holdings in Q2.

Despite the immense sell pressure, the currency remains resilient👇…

#Web3 being led by IRL utility? It's already happening!

Anti-metaverse magazine?? Not so much!
@outsidemagazine emphasizes bridging the gap between outdoor activities and NFTs👇…

Fitness reinvented with the move-to-earn #Metaverse strategy.

What is move-to-earn?

Under a move-to-earn mechanism, users are paid for the data they generate from daily movement and exercise.

Eight-time Olympic medalist @usainbolt collaborates for the launch of a move-to-earn dApp @StepApp_ 👇…

As @Minecraft decimates NFT, @FinalFantasy pushes forward as it announces the launch of its 25th Anniversary cards and figurines on Enjin's Polkadot-based blockchain👇…

Trouble continues for #3AC!

A 1000-page legal document revealed this week that Three Arrows Capital owed 27 crypto companies a total of $3.5B, and Founders break silence over the collapse👇…

📚Good Reads this week:

✅Economic Levers, Education, and Pokémon…

✅One year of 6529

✅28 principles for #web3 founders

✅5 rules of the road for web3 builders

🧡𝐁𝐢𝐜𝐨𝐧𝐨𝐦𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬:

Are you taking advantage of the positive network effects on Hyphen?

More users move to L2 -> More fees collected by #Hyphen -> Better yields for you📈

Don't miss out anon👇

The power of community! Web 3 favors utility players! Amen👇

Thank you for support on #CMCCommunity

New Integration: Hyphen now supports instant transfers on @BungeeExchange👇

At #EthCC, @biconomy Co-Founder @schin_tomar decided to summarize the talks we attended so everyone could join along in all the developments in the #crypto space👇


Chainless Contract calls - coming soon on Biconomy. Catch up on what they could mean for #DeFi equivalence👇

$BICO listed top 2 of the top 10 coins by @LunarCrush AltRank👇

Our proposal for implementing Gasless relayers on @optimismFND passed by the highest approval rating ever recorded for a Governance Funding proposal so far👇

Cheers to all OPs and Biconauts supporting the mission of a seamless Web 3🥂

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More from @biconomy

Jul 27

The ultimate goal for Web3 developers is mass adoption of blockchain technology.

As they say, the best process is no process.

We think Smart Contract Wallets will play a massive role in simplifying adoption.

Here's why SCWs matter👇🏼

A 🧵

The two types of wallets we're familiar with:

🗂 'Hot' wallets — Browser-based, like MetaMask and Coinbase Wallet Mobile App. Always connected to the web.

🗂 'Cold' wallets — Connected only when in use, like Ledger and Trezor. These are less user-friendly.

A 3rd option — Smart Contract Wallets (SCWs)

These are Ethereum wallets managed by smart contracts instead of private keys.

Some of the advanced security benefits of SCWs?

✅ Whitelisting
✅ Multi-sig transactions
✅ Daily transfer limits
✅ Emergency account freezing
Read 6 tweets
Jul 26
/1 @metapassHQ is now Gasless! 💰⛽️

And they have an innovative NFT use case already seeing adoption👇 Image

With MetaPass users can create events and sell NFT tickets complete with token gating for proof of attendance 🤯
/3 The best part?

Attendees are spared from gas fees with our relayers!

So that even non-web3 folks can easily enjoy the perks.

Join your first event and see for yourself
Read 4 tweets
Jul 26
Are you missing out on the Biconomy Rewards Program?

Big time, anon!

🔥1500 Biconauts have started attempting the quests and 268 have already completed at least one!

This could be you too because leveling up is ultra easy!


Earn XP by doing tasks such as:

Stake at least 2K BICO at for 30 days


Provide at least 1K BICO as liquidity on Ethereum at for 30 days

There are even more ways to level up. Discover all
Quests here👇
Here are 5 additional reasons you should join a BICO quest if you haven't already:

#1 - Every level will unlock different types of reward.

🌟Biconaut NFTs
🌟$BICO rewards
and more coming soon such as Biconomy swag, discord roles..!
Read 6 tweets
Jul 25
📢We're pleased to announce that our Proposal to bring Gasless on @optimismFND has officially PASSED!

With 98.61% 'YES' votes @biconomy's proposal has the highest approval % to have ever been received by GF proposal on Optimism.

Check it out
🧵👇 Image

Gasless is now LIVE on 11 chains🦾

What does the future of dApp on #Optimism look like with Gasless?
Tapping into billions of potential users!

Seamless Web 2.0 to Web 3.0 transition is the key to user onboarding.

However, between web2 and web3 products, almost every interaction with an application is a ‘transaction’
Read 8 tweets
Apr 29, 2020
The last few weeks have been awesome at Biconomy working on new features to make it super easy for developers to build frictionless web3 applications.

Our updates include:
1. Product updates
2. SDK Changes
3. Coming soon - Including Beta launch product info! 😉

A thread🧵
Product updates:
1. External Contract Wallet support - meta transactions using external smart contract wallets via @argentHQ and @gnosisPM proxy contracts - check it out here
Gnosis -…
2. ❌⚔️Allowing for Cross-chain gasless transactions -
users can do transactions on L2 while remaining on L1 using Biconomy SDK with current support for @maticnetwork…
Read 6 tweets

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