EthHub Weekly #188
Arbitrum Nitro preview, UniSync released, Coinbase NFT platform announced, Gnosis Safe on Arbitrum and much more!
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News of the Week
Coinbase is breaking into the market for non-fungible tokens, announcing Tuesday the waitlist for access to Coinbase NFT — making it the latest crypto firm to dive into the speculative frenzy.
The new offering — which is being spearheaded by Coinbase's VP of Product, Sanchan Saxena — will allow users to mint, purchase, and showcase NFTs. To start it will support Ethereum-based NFTs, but it has plans to expand to other chains after it launches.
"Our ambition with Coinbase NFT is to allow everyone to benefit from their creative spark; to contribute to a future where the 'creator economy' isn’t a small subset of the 'real' economy, but a central driver," Coinbase said in marketing materials.
The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report.
The publication said in a report on Thursday night that the U.S. regulator "isn't likely to block the products from starting to trade next week," citing people familiar with the matter.
The report came several hours after the SEC said in a tweet through its investor education account that "Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits."
Bitcoin futures ETFs are different from Bitcoin ETFs in that they are based on futures contracts and are filed under mutual fund rules.
Arbitrum Nitro is next iteration of Arbitrum, which the team has been working on for months. It’s built on standard technologies like WASM and Geth, so it’s more EVM-compatible, an order-of-magnitude faster than the current tech, and adds another 0. When it’s ready it’ll be deployed as a seamless upgrade to Arbitrum One.
This partnership already spawned the Voyager Block Explorer and the Warp Solidity->Cairo transpiler.
UniSync is a port of the Uniswap v2 smart contracts and frontend running on Matter Lab’s zkEVM rollup.
Tesseract is the first project hatched from YFI Combinator. It leverages the expertise amassed at Yearn to bring the best yields to a wider audience on Polygon.
The website has everything you need to follow the Sign-In with Ethereum standardization process.
USM is a decentralized (ownerless & immutable), tightly pegged, open-source not-for-profit, minimalist ERC-20 stablecoin system, made of a stablecoin (USM) + a "vol-coin" (FUM).
The round had participation from ParaFi Capital, Mechanism Capital, Not 3Lau Capital and others including angels.
This new service allows a much wider range of data to be displayed, including enabling the user to have some control over it for their name.
Trading is now 90% cheaper with trades executing in ~0.05 seconds as Futureswap v4’s beta is now live on Arbitrum.
This critical piece of infrastructure will allow more projects that require multi-sigs to deploy on Arbitrum.
This new upgrade drastically simplifies the setup process and greatly improves Umbra's UX. With this release, Umbra is now considered out of beta.
The round was led by Distributed Global with participation from a host of other funds and angels.
This new browser-based wallet comes with features such as ‘Ape Mode’, EIP-1559 optimizations, fiat on-ramping and more. Do note that the wallet code is not yet open source.
Pods is an on-chain options protocol that aims to bootstrap markets for any ERC20 using an algorithmic pricing and a specific options AMM.
Paradigm Shifts - The Daily Gwei
Scarce Resources - The Daily Gwei
A Guide to Designing Effective NFT Launches - Hasu and Anish Agnihotri via Paradigm
Amphora: A Major Merge Milestone - Tim Beiko
How to Collect NFTs on Layer 2 - William M. Peaster via Bankless
The Next big Unlock for DAOs - Frogmonkee via Bankless
Adventures in Difficulty Bombing - Thomas Jay Rush
An Update on the Merge after the Amphora Interop Event in Greece - Clarissa Watson and James Beck via ConsenSys Blog
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Marketing Lead - Gelato
Smart Contract Developer - Gelato Network
Quantitative Trader/MEV Seeker - Chainflip
Team Lead, Ecosystem Support Program - Ethereum Foundation
+1000’s more on the Cryptocurrency Jobs website!