0x051

web3 is showing increased liveliness with lots of new product launches, a total adjusted on-chain volume increase of 14.6% in January and more.

Julian Paul

Feb 5, 2023

Tons happened in web3 last week. Here are three highlights:

This week’s dose of web3 is a holistic kickoff into 2023 ↓

a twitter thread¹

Lars @lars0x

1/13 January summary 🧵 Most metrics rebounded strongly. Total adjusted on-chain volume increased by 14.6% to $165B (BTC: +8.1%, ETH +24.1%):

worthy reads²

1. Justin Waldron x Storytelling x NFTs

“…Now, after a year spent focusing on what Waldron describes as “the hard infrastructure and architecture problems,” the Storyverse team are ready to roll out their first collections. At first, only Bored Ape holders will be able to license their characters to writers on Storyverse, and only the first 3,000 to sign up (from January 27th), but Waldron is optimistic about how the next few months will pan out. “I'm super stoked to get our first collections out,” he says. “I think when people see for the first time that there's a story being told with all these different apes, that it features the IP they already care about, that they already love, and that they already want to support, it will be a huge step forward for the space.” … At its heart, Storyverse is trying to do something foundational: inspire a brand-new category of NFTs. No small challenge, but, if past is prologue, then it’s one that Waldron is uniquely suited to achieve…”

Read the full article here by @Clovical.

2. Liquid Delegates

“…Liquid delegates (LDs) wrap delegation rights into a tradeable NFT. This gives you a trustless way to trade airdrop claims and more. It grants no-liquidation, no-risk NFT rentals automatically compatible with all standard ERC721s … Tradeability opens up an entirely new liquid market for NFT utility, whereas beforehand they were mostly done in handshake deals behind closed doors. Automatic delegation rights makes it simple to use that utility. Exclusive flashloan rights provide backstop functionality to ensure compatibility with projects that don’t support delegation yet. The burn function opens up an avenue to retrieve the escrowed token before expiration if the depositor changes their mind. Once a Liquid Delegate expiration timestamp hits, anyone may burn the Liquid Delegate and return the escrowed NFT to the depositor. Eager depositors may wish to call this trigger themselves, or automated bots could burn expired NFTs on demand...”

Read the full article here by @0xfoobar.

undiscovered products³

CandyShop → Launch your NFT marketplace in minutes with a web3 e-commerce.
OffRamp → trade crypto-to-fiat and back with no KYC.
SNAPP → snapshot your holders by NFT-type.

Find these and all 420+ other resources on intoweb3.land ↗.

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