0x048
web3 is showing healthy signs of recovery kicking off 2023 in the green, how delegate.cash can save you from scams and a quiet instagram collectibles rally.
Tons happened in web3 last week. Here are three highlights:
Optimism Activity Hits New Highs As Layer 2s Close In On Ethereum.
2023 Green Streak Continues for Bitcoin, Ethereum, Solana, Avalanche.
This week’s dose of web3 is a holistic kickoff into 2023 ↓
a twitter thread¹
worthy reads²
1. Saving NFTs with delegate.cash
“…Simply put, delegate.cash lets you secure your valuable NFTs while still actively using them to participate in activities like airdrop claims or DAO governance. The system is a smart contract-based registry that, among other things, lets you delegate your cold wallet’s NFT powers to a burner “hot wallet” of your choice like a MetaMask account. Your NFTs will stay in your cold wallet no matter what, but your linked burner can then act on their behalf.With this delegation system, you get the perks of a hardware wallet without having to reach for it every time you need to sign a transaction. Additionally, if you do ending up degening into a scam project, any fallout will be limited to your delegated burner that you’ve specifically isolated in case of attack. The NFTs in your cold wallet will remain utterly untouched! Lastly, keep in mind that delegate.cash is totally immutable (no admin powers or attack vectors), totally onchain (no offchain signature vulnerabilities), and totally independent (self-sufficient with no external dependencies). This trifecta means anyone can reliably use this solution in permissionless fashion. The system is also able to be deployed on any Ethereum Virtual Machine (EVM) chain…”
Read the full article here by @WPeaster.
2. A Very Quiet NFT Rally
“…The big question for this product has always been whether NFT buyers would purchase digital collectibles on a centralized web2 platform. The early answer is yes, users will buy digital collectibles on Instagram. In fact, the first collections have all sold out. On January 8th, 2023. collection released on Instagram, Aku’s Dream Lab digital collectibles sold out in just 11 seconds. While blockchain natives may have been skeptical of Instagram's foray into Web3, the platform's partnership with well-known NFT artists has helped instill confidence across communities. Drifter Shoots (aka Isaac Wright), Refik Anadol, Amber Vittoria, Dave Krugman and Micah Johnson have each launched NFTs through Instagram over the past few months, selling out each time. (CoinDesk). Polygon is powering the NFT integration for Instagram. They are also partnered with Nike, Reddit, and Starbucks on their recent (and by all accounts successful) NFT product launches … Instagram Collectibles has early signs of product market fit. We also have a very quiet NFT rally. And in an industry where hype often exceeds reality, quiet is a good thing....”
Read the full article here by @jmj.
undiscovered products³
Obvious Wallet → self-custody wallet combining assets across (non)-EVM( chains.
Easy Wallet → for people, not protocols. Explore & transact on multiple chains.
RoverX → Get notifications about your trading activity and portfolio.
Find these and all 400+ other resources on intoweb3.land ↗.
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