EthHub Weekly #92

Into the Ether hits 100 episodes, Fidelity will support Ethereum in 2020, Nike patents shoe tokenization, Sablier v1 live and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

🥳 Into the Ether Celebration Party

It felt just like yesterday that Eric and I started the Into the Ether podcast but apparently we’ve already released 100 episodes! To celebrate, we’d love for you to join Eric, Danny Ryan, David Hoffman, Aftab (DCInvestor), Ryan Sean Adams and I for an ETH maximalist livestream party on 12/16 at 6PM PST. We’ll be taking questions from viewers and reflecting on 2019 in Ethereum as a whole. The party will be streamed here.

Our good friend Spencer Noon is launching a new weekly newsletter covering on-chain data analysis called ‘Our Network’. I’ll personally be sending him data about Set Protocol while there are a bunch of other heavy hitters like Caleb Sheridan from Blocklytics and Calvin Liu from Compound who’ll be doing the same. So what are you waiting for? Go subscribe!

Have a great week everyone!


News of the Week

👍 Fidelity Digital Assets Intends to Support Ethereum in 2020

If the client demand is there, then Fidelity Digital Assets could support Ethereum in 2020.

In a recent episode of The Scoop, Fidelity president Tom Jessop told The Block that the firm has "done a lot of work on Ethereum" when asked if they would soon offer custody for the digital currency. Launched at the beginning of 2019, Fidelity Digital Assets (FDAS) offers cryptocurrency custody and trading tools for institutional investors and traders. Still, the firm has only supported bitcoin — a fact that some say keeps FDAS from truly competing with crypto-native firms like Coinbase and BitGo. 

Jessop said that the lack of a track-record serves as one of the biggest obstacles to institutional adoption of a given cryptocurrency. Since bitcoin has the longest track record, there is a stronger appetite from institutional investors to allocate capital to it compared to cryptocurrencies like Ethereum, according to Jessop. Hence the reason Fidelity isn't supporting it, at the moment. 

🤔 Jack Dorsey Announces New Twitter Team for Crypto

On Wednesday, the Twitter and Square CEO announced plans to support an independent team “of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media.”

“The goal is for Twitter to ultimately be a client of this standard,” Dorsey said.

The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey's fintech unicorn Square. Likewise, the new Twitter entity would focus on open standards for decentralized processes across social platforms, rather than proprietary structures. Although Dorsey didn’t directly associate the disparate efforts, he hinted that the “fundamentals” of blockchain technology might offer some tools for “open and durable hosting, governance, and even monetization.”

Twitter’s head of legal and policy, Vijaya Gadde tweeted that this new project, called Blue Sky, is part of the company’s broader push to “support and foster the values of a free and open internet.”

🏦 German Bank Launches Digital Assets Unit to Offer Custody Products

German bank solarisBank is jumping into the crypto custody space. 

Through a subsidiary called solaris Digital Assets, the Berlin-based bank will offer a white-labeled custody product, the company recently announced. The financial technology startup received a German banking license in 2016 and has since been offering banking-as-a-service for nonbanks to offer financial products. 

solarisBank will apply for a license to custody crypto in 2020, but some of its partners are already testing the custody product, which can be combined with banking identification and account products, according to the company.

“We believe that all tradable assets will be tokenized in the future,” said Alexis Hamel, managing director of solaris Digital Assets. “solarisBank had proven that the Banking-as-a-Service model works, and with a full German banking license solarisBank is ideally positioned to use the same model for solaris Digital Assets to provide custody-as-a-service.”

Project Updates

Nike Receives Patent to Tokenize Shoes on Ethereum

In a document posted on the U.S. Patent and Trademark Office and dated Dec. 10, Nike stated that it intends to generate unique IDs and create ERC 721 tokens for some shoes.

Introducing MetaCartel Ventures

MetaCartel Ventures is a for-profit DAO focused on DApp development. The DAO aims to bring code, law, and community together.

Activate Token Launch Standards

The ConsenSys Codefi team published a blog post outlining their principles for robust and include token ecosystems as well as outlining the Activate Platforms standards.

Sablier v1 Now Live

Sablier is a protocol for “real-time finance” on Ethereum that enables continuous, autonomous and trustless payments.

The LAO joins forces with Moloch DAO and MetaCartel

The alliance will begin to standardize DAO-related smart contracts in order to power the next-generation of limited liability autonomous organizations (LAOs).

Argent Integrates WalletConnect

Users of the Argent mobile wallet can now use Uniswap, PoolTogether and many more Dapps thanks to this integration.

Introducing cTokens on TokenSets

Set Protocol introduced the first Set that contains a cToken this week - the ETH RSI 60/40 Yield Set. The main benefit of cToken integration is that users can now earn interest while the Set is positioned in the stable-asset.

Much Clearer DAI Initiative Launched

Alex Van de Sande has launched this initiative in order to make the Maker systems code more readable by changing file names, altering variable names and adding comments to the code.

Loopring Opens Staking Window

In this update, Loopring runs through how LRC staking will work on the protocol and details the “golden staking window”.

Ethereum Cat Herders Update #16

Updates on new collaborations, EIP improvement initiatives, Sai to Dai Migration and much more.

An Update on Parity’s Ethereum Foundation Grant Progress

Jutta Steiner from Parity runs through the progress the team has made since receiving a $5mil grant from the Ethereum Foundation.

0x Ecosystem Update - November 2019

This update includes a 0x v3 overview, a recap of TokenTrove’s growth, an Interview with Tokenlon and more.

Kyber Ecosystem Report #9

Another great ecosystem report from the Kyber team that includes network stats for October, thoughts on the total value locked metric, Kyber DeFi updates and much more!

Community Member Spotlight

This week we’re highlighting the great work of John Adler!

John is a scalability researcher working out of ConsenSys and is the creator of the Ethereum scaling solution “optimistic rollup”. Johns twitter feed is full of insightful commentary on bleeding edge Ethereum (and other blockchain) research so he’s a highly recommended follow.

Keep up the great work John!

Interesting Tweets

Ecosystem Bits

Blog Posts




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