Ethereum continues to permeate culture in new ways. The music industry has been the latest crossover with electronic music artists 3LAU, RAC, and Boyz Noise all recently launching audio + visual NFTs that sold for thousands of dollars worth of ETH.
We recently spoke with 3LAU about how tokenizing music offers a new revenue stream for artists at a time they badly need it. Read more here: The Music Industry is Waking Up to Ethereum
Required reading this week
Bitcoin Surges to Highest Since July 2019 After PayPal Embrace — www.bloomberg.com
Paypal announced that its allowing users to buy and sell cryptocurrencies. Expect all large consumer facing financial companies to follow.
MetaMask Exceeds 1 Million Monthly Active Users — medium.com
Metamask has grown over 400% since last year and now supports over one million monthly active users across desktop and mobile apps.
Gitcoin Grants Round 7 Retrospective
Gitcoin Grants Round 7 saw an unprecedented growth in interest and contributions, with $274,830 in contributions and $450,000 in matched funds distributed across 857 projects.
UniCats Go Phishing — medium.com
If you are not yet convinced that you should not be approving infinite tokens to some random smart contract, Alex Manuskin shares a story of how Jhon Doe lost $140K worth of UNI in their sleep.
Public blockchain fee cyclicality and negative feedback loops — medium.com
Nic Carter investigates the relationship between fees and on-chain usage for Ethereum.
1confirmation portfolio reading this week
Polymarket Raises Massive $4 Million Round — www.forbes.com
Polymarket announces a $4M fundraise to bring prediction markets to the masses.
Ethereum Blockchain Killer Goes By Unassuming Name of Polkadot — www.bloomberg.com
Polkadot gets some mainstream coverage from Bloomberg.
Introducing Yield Delegating Vaults — medium.com
Rally Network is live! Rally Yield Delegating Vaults allow users to delegate earnings generated by yearn.finance vaults to a community treasury in exchange for 2x RLY rewards.
Keisuke Honda Creator Coin Announcement
Popular Japanese soccer player Keisuke Honda launched a creator coin on Rally, exposing his 1M+ social media followers to Ethereum.
bloXroute’s Value Model (from Milliseconds to $): The Uniswap Case — medium.com
bloXroute can send transactions 150–900ms faster, which can translate to 2–12% improvement in one’s trading strategy.
On-chain metric to watch
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