Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories of the technological development of cryptocurrencies. I am Margaux Nijkerk, journalist Ethereum de Coindesk, filling Ben Schiller.
In this issue:
- The history protocol launches to allow people to record IP and be paid for this
- The developers of Ethereum publish a new initiative to simplify transversal transactions
- Ethereum L1 Monad associates with an orderly network for Defi Boost
- How an exercise president has become the most sought after investor in Crypto
Network news
The history protocol is online: Story Protocol launched his Blockchain focused on intellectual property and his IP token associated last week. Blockchain is positioned as the “intellectual property network of the world”, offering users a way to record their IP and follow the way others use it. The aptly named “$ $ $ ip” token announced earlier this month, is used for transaction costs and offers users a vote in the platform governance system. Until now, the IP blockchain seems to have had legs – at least with investors. PIP Labs, the main developer of the channel, collected $ 80 million in a financing round of the B series led by Andreessen Horowitz (A16Z), bringing total project funding to 140 million dollars. PIP sought to position history at the intersection of blockchain and artificial intelligence, a way for people to follow and be paid for the data used to form AI models. The history of the launch of Mainnet accompanies the first unlocking event for the just announced IP token. “History unlocks 25% of the $ 1 billion IP dollars, with 58.4% devoted to the ecosystem and the community, the foundation and the initial incentives”, according to the project. – Sam Kessler Learn more.
The developers of Ethereum publish a new executive of open interests: A group of best Ethereum developers and managers published a new framework on Wednesday that would simplify and standardize the transfers of interfers tokens.
The initiative, called open intents framework (OIF), was launched by contributors to the Ethereum Foundation and is supported by 25 projects, including teams that build 2-2 as arbitrum, Optimism, Zksync and Scroll, according to a press release of a press shared with Coindesk. The objective of the initiative is to bring “intentions” to all the corners of The Ethereum ecosystem, which is a technological characteristic which allows a blockchain user to achieve a specific objective by asking an intermediary to achieve this objective (such as an exchange or a transaction that it wishes to make.) There are standards which Already try to facilitate transversal transactions using intentions. ERC-7683, which was introduced by the team behind the UNISWAP decentralized exchange and the protocol through, is one of these standards which recently circulates in Ethereum space, and is supposed to approach the fragmentation and allow more Channels in Ethereum ecosystem to interoperate. But the OIF team says that it will be based on this standard through its framework allowing intentions to operate on a large scale. “By offering shared infrastructure and execution coordination, OIF makes transactions based on intention without authorization, effective and accessible for all projects,” the press release said. – Margaux Nijkerk Learn more.
Monad and order to join their strengths: Monad, an Ethereum Virtual Machine (EVM) Layer-1 Blockchain About to Launch its Testnet, has joined forces with orderly network, a decentralized exchange (dex) infrastructure supporting a rage of other chains, as the platforms spread their nets wide in anticipation a second summer of decentralized financing (DEFI). The arrival of the Monad Testnet on Wednesday will provide merchants with a rapid EVM compatible construction site and the possibility of airlines on the L1. Orderly’s band of around twenty market manufacturers includes Wintermute, Selini and Riverside, according to a press release. Companies of the decentralized commercial industry, which includes major exchanges like Coinbase (Coin), hope to increase the DEFI activity in the coming months, because the crypto-friendly administration of President Donald Trump gives Crypto a wind regulatory rear. The first summer defined, in 2020, came hot in the heels of interest rate reductions in the federal reserve in response to the cocovio epidemic. Orderly already offers users a shared command book on several blockchains, including Arbitrum, Optimism, Polygon, Base, Mantle and Proth. – Ian Allison Learn more.
Trump – The most influential investor in Crypto?: Crypto is not so different from politics. According to Rushi Manche, the founder of Blockchain Company Movement, “Crypto is a game of attention.” It is therefore appropriate that Donald Trump – the master of all attention – is so at home to sell mecoins. But it was not only the inner circle of Trump that managed to capitalize on his cryptographic companies, which include the play in Trump $ Trump and the World Liberty Financial. Formerly a skeptical vocal crypto, the president has become the largest “key opinion leader” in industry – or Kol, in the language of the blockchain industry: a merchant whose portfolio is closely monitored by D ‘Other investors deciding what to buy and sell. Trump’s foray into the crypto has created a new marketing game for ambitious tokens like handle – the founders of the blockchain who realize that the price of a token can be as simple as to sink In the crypto portfolio of an exercise president. The president’s main vehicle for the blockchain trades is World Liberty Financial (WLFI), a decentralized financing company (DEFI) which he announced with his sons during the summer. After having accumulated more than $ 400 million by selling a token, the company, which has not yet had a product, built a portfolio containing millions of dollars in the assets of other cryptographic projects. On Wednesday, he announced that he was launching an official “strategic reserve” of cryptographic investment. The professions have already raised serious concerns concerning conflicts of interest, initiate traffic and the very nature of the way in which influence is exploited in the space of digital assets. Trump’s political opponents are calling for investigations on his growing blockchain empire. But the founders of Crypto as Manche see the investments of crypto of World Liberty as something different: a marketing opportunity once in a generation. “You must have a product roadmap that makes sense,” said Manche. “But you must also have a strategy for your token.” And what better way to increase the price of your cryptocurrency than to publicly attach it to the leader of the free world? – Sam Kessler Learn more.
In other news
- The co-creator of Balance Token said he had paid the sister of the Argentinian president Milei: It was not clear if money was exchanged between Davis and Milei inside the circle before the launch of the balance. Danny Nelson reports.
- Will the crypto-fiasco of the Argentine President Milei be a time for a craze for the same?:: The latest frenzy that started with the launch of Trump Memecoin of the American president Donald Trump and saw the merchants do and lose millions in a few minutes, could finally collapse with the balance of balance.
- Regulation and politics: Etoro secures the Cyprus Mica license to provide cryptography services across the EEA.
