Bitfinity Weekly: EthCC Brussels
Welcome to Issue #114 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.
What's in Today's Email?
- Global Crypto News
- This Week in our Blog
- NFT Market Bytes
- Tweet of the Week
- Meme Time
- A Matter of Opinion
Global Crypto News
Indigenous Systems: Nigeria is planning to develop its own blockchain, according to the country's National Information and Technology Development Agency (NITDA). Tentatively named 'Nigerium', the state-implemented blockchain is expected to address data security and transparency while reducing dependency on foreign entities. Nigeria has taken a pro-crypto stance since last May, when it solidified its national blockchain policy to foster a robust digital economy.
Tic TAC Toe: Polygon Labs and TAC (The TON Application Chain) have entered into a partnership to bring EVM capabilities to the TON ecosystem. The implementation of EVM-compatible dApps will allow builders to easily port DeFi, gaming, and other projects to TAC. TAC is an L2 built on top of the Telegram Open Network.
TG/ACC: Popular Telegram game Notcoin, DeFi platform 1 Inch, and on-chain attestation protocol Sign, have co-launched a new accelerator program named Triangle. The program is aimed at supporting devs building on Telegram and The Open Network (TON), Telegram's L1 blockchain. Triangle is accepting applicants for a six-week mentorship program from now until August 10th.
Shared Risk: The websites for two DeFi protocols (Compound and interoperability protocol Celer Network) have been compromised, with visitors being redirected to a drainer link. DeFiLlama's pseudonymus founder 0xngmi compiled a list of potentially affected web3-related domains, as the two hacked protocols shared the same registrar.
This Week in our Blog
This week, we cover three indispensible tools for building on chain. Our newest technical article covering Node.js, npm, as well as the integration of Web3.js for blockchain development:
Daniel
Interoperability opens up communities as well as liquidity, creating healthy ecosystems. In this article we take a deep dive into cross-chain technologies that make an interoperable future possible:
Hans
NFT Market Bytes
The Roninverse: Fantasy RPG Forgotten Runiverse will migrate from Arbitrum to the Ronin network, the game's developers announced Wednesday. The NFT-based game has roots in the Forgotten Runes universe, a community-driven IP coalition. Forgotten Runes is set to launch on the Epic Game Store later in the year.
One Last Squiggle: Snowfro (Erick Calderon) is inviting everyone to be part of the celebration for the final mint of Chromie Squiggles. Often referred to simply as "Squiggles", the iconic generative art collection was the first NFT collection on Art Blocks. Squiggle #9999 will be last output, and will be minted on a special "farewell" smart contract. Anyone can sign the contract by sending a miniscule amount of $ETH to the contract address; while the final piece will be minted to the LACMA, contributors will have a chance to digitally link their wallet address to Squiggle #9999.
Land Lovers: Popular anime franchise 'Attack on Titan' has landed in The Sandbox, via an initiative to create NFTs and immersive content that will continue the world of 'Attack on Titan'. The first planned NFT collection for sale will be land in the metaverse world of The Sandbox.
Tweet of the Week
Last day at #ETHCCBrussels , let’s make the most out of it 🙌 pic.twitter.com/XteW6pceEc
— Bitfinity Network (@bitfinitynet) July 11, 2024
Meme Time
A Matter of Opinion
There has been a noticeable rise of attacks across the world, where cryptocurrency investors are specifically targeted for their assets. A recent abduction of a three-year-old boy in Hong Kong raised alarms in Asia but crimes in Europe and the Americas have also increased as of late. As the value and popularity of cryptocurrencies surge, so too does the threat landscape, with criminals increasingly targeting crypto owners for ransom or theft.
Just last month, a U.S. court convicted home invasion robbery leader Remy St. Felix of operating robbery "crews" that targeted cryptocurrency owners. These home invasions involved violent assault as well as robbery in the form of cryptocurrency transfers. Kidnapping and extortion has also seen a rise all around the globe, with some victims ending up dead.
While many people may falsely assume safety because their cryptocurrency holdings are in custory of an exchange or a hardware wallet, it is important to remember physical safety as well as crypto scams and drainers. CT reports of assault and targeted robbery at EthCC Brussels (even Pudgy Penguins CEO Luca Netz was not immune) serves as the most recent cautionary tale for all crypto enthusiasts to maintain a low profile and protect their personal information.
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