The “Unique GUGGENHEIM Shaving Brush” collection was created by Rudolf Guggenheim in April 1973. In 2022, Ruedi Guggenheim takes the idea of digital and virtual. A “digital art house” is what he envisions for UNIQG, where new opportunities for adolescents and adults are available.
UNIQG’s team is developing the NFT marketplace and expanding the smart contract. Every day, they work to grow their ecosystem and attract new partners. The project aims to build a strong community around the UNIQG token and its marketplace.
What makes it unique?
Uniq Guggenheim Collection (UNIQG) is a Swiss-based, innovative, collectible token company. With its professional network of art experts and partners, the team is developing the first NFT platform in Switzerland. The platform lets artists create and sell NFTs, and offers a variety of features for the creation and sale of NFTs.
Creating a healthy, sustainable community is the goal of the project. UNIQG is focused on the community and the NFT ecosystem, specifically the marketplace and incentives for users. At the time of the market launch, the company wanted to make sure the tokens were distributed fairly, without any individual holding large amounts. The UNIQG community gets 25% of the tokens.
Tokenomics
As mentioned earlier, 25% goes to the project’s community
NFT Ecosystem gets 25%
20% will go to the team
Partnerships and collaborations get 10%
10% goes to marketing
The rest goes to advisors and promotion
By the way, Uniq Guggenheim Collection is available for trading on the P2PB2B exchange. If you have an interest in this project, you have a fantastic chance to become a member of its community.
The total cryptocurrency market capitalization seems to be slowly climbing towards the $1 trillion level again. Throughout last week it increased from slightly less than $910 billion to $972 billion and thereby almost completely negated the losses of the week before that. Nevertheless, with no clear trend reversal in sight, this might not be enough to scare off the bears that have been raging through the markets the last couple of months. Bear market or not, you can almost never do wrong if you read our weekly Coins to Watch articles.
3. Axie Infinity (AXS)
Axie Infinity is a Pokémon-inspired blockchain-powered trading and battling video game. The game is developed by a Vietnamese gaming studio Sky Mavis and has netted more than $2 billion in NFT sales to date. Axie infinity players utilize Ethereum-issued tokens AXS and Small Love Potion (SLP) to breed, trade and battle with their virtual creatures called Axies, each represented by a one of a kind NFT. The growing userbase and protocol revenue has made Axie Infinity one of the most expensive NFTs collections.
Axie Infinity launches Land Staking and prepares for the first AxieCon Event
While AXS has been the CoinCheckUp’s #3 Coin to Watch already two weeks ago, the project developers have since added a few more reasons for monitoring or even acquiring AXS. Since AXS’s last time being featured in the C2W article, the Axies team has successfully deployed the Origin update and also the first Origin update patch. In addition, the Ronin bridge is now up and running again and the game developers launched a new feature called land staking, where players are rewarded with AXS for staking their in-game land plots. This recently rolled-out feature instantly became very popular as it increases the game’s earning potential. Data from the Ronin Chain explorer suggest that more than 87% of plots of land have already been staked. The introduction of plot staking has driven up the price of in-game land plots causing several virtual plots to sell for over 130 Ether (ETH) each, which suggests that the level of interest in the game is still very high. Last but not least, Axie Infinity started selling tickets for AxieCon event that will take place in Barcelona in September. AxieCon will feature three big tournaments with a combined prize pool of $1 million in AXS. The biggest of the three tournaments will be the Axie World Championship where top 16 Axies players will fight for the $500,000 of AXS prizes. As you can imagine, hosting a real-life event of this proportion is an important milestone for the Axie team and even more for the game’s community.
2. Maker (MKR)
Maker protocol was one of the earliest projects on Ethereum and remains the cornerstone of Ethereum’s decentralized finance ecosystem. This protocol, which launched already in 2015, allows users to lock up their Ethereum or other Ethereum-based assets as collateral to receive a loan in the form of Dai stablecoin. Dai, which is designed to trade as close to $1 as possible, is issued in a completely trustless manner. Its issuance and peg are governed by a complex system of Ethereum smart contracts. MKR is Maker Protocol’s governance token. Holders of these ERC-20 tokens can propose changes to the protocol and participate in governance polls.
Maker partners with Pennsylvanian Huntingdon Valley Bank
On July 7, the Maker community passed a vote to partner with Huntingdon Valley Bank (HVB). The proposal, which passed the governance vote with over 87% of the voting power supporting the proposal, involved creating a vault with 100 million Dai (DAI) for HVB as part of a new collateral type in the Maker Protocol. The partnership with this Pennsylvania-based traditional bank will allow the DeFi protocol to issue cryptocurrency-backed fiat loans in the future. At the launch, the bank will be able to borrow up to $100 million DAI, but the debt ceiling is predicted to grow to $1 billion DAI over the next 12 months.
Voting cycle has ended.
117,540 MKR voted YES (87.24% of all voting power used).
MKR holders have approved the addition of HVBank, a 100 million DAI debt ceiling participation facility proposed by the Huntingdon Valley Bank, as a new collateral type in the Maker Protocol. pic.twitter.com/HWqisl9xfi
In addition, the collaboration with a traditional banking institution lends additional credibility to the Maker protocol and the broader DeFi sector. Nevertheless, even without the traditional bank partnership, Maker is among the most reputable and oldest algorithmic stablecoin issuers. In addition, while many including USDD, and even USDT, struggled to retain the $1 peg in the past couple of bearish months, DAI seems oblivious of the market volatility, retaining its $1 peg throughout the whole time.
1. Ethereum (ETH)
Ethereum is an open-source blockchain that pioneered smart contract functionality in 2015. The blockchain operates as a decentralized virtual machine that can execute scripts – also called smart contracts – in a fast, immutable, and trustless manner. Ethereum’s native asset is Ether (ETH), which is currently the second-largest cryptocurrency by market capitalization. Although it can also be used as a medium for the transfer of value between different Ethereum addresses, it is more commonly used to execute various smart contracts. The Ethereum blockchain hosts a number of ERC20 tokens with different utilities – these include Exchange tokens (OKB, HT, UNI), DeFi tokens (LINK, MKR, COMP, SNX, etc.) and several stablecoins such as USDC, DAI, TUSD, and USDT. Ethereum is currently still in the process of transition from proof-of-work to a proof-of-stake blockchain. Once Ethereum 2.0 is fully launched, the network will be able to perform more transactions at a higher speed than today. Hopefully, this will also lower the network fees, which are a well-known Achilles’ heel of Ethereum ecosystem.
Gas fees hit a 2-year low as developers successfully merge another Ethereum testnet
After almost two years of insanely high Ethereum fees (average fee was above $40 most of the time) the Ethereum fees have recently finally started to normalize. Last week, the average Ethereum blockchain transaction fee fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020. The record low ETH fees are most likely caused by the dropping NFT sales, which have also hit a yearly low in this bear market, indicating that the NFT fever is starting to cool off fast. Whatever the reason for them, lower fees will allow investors to pursue DeFi investment opportunities more easily on Ethereum. In addition, we are all looking forward to Ethereum 2.0 which would further reduce the blockchain fees and last week developers brought Ethereum another step closer to ETH 2.0 by successfully performed the merge on the Sepolia testnet. Sepolia is now already the second Proof-of-Stake Ethereum testnet, the first one being Ropstein that moved to PoS in the beginning of June. Ethereum developers now only have to complete The Merge on Goerli testnet, before moving on to the Ethereum mainnet. The transition of the Ethereum mainnet to a proof-of-stake blockchain will reportedly be completed before the end of this year, with The Merge taking place in August.
Robinhood has launched a crypto transfer feature that allows users to send and receive digital currencies
The California-based trading company won’t charge any transfer fees for the service
Sam Bankman-Fired’s FTX crypto exchange has recently shown interest for acquiring the publicly traded trading platform
The highly-anticipated feature launches with no transfer fees
Popular trading platform Robinhood unveiled on Thursday the launch of crypto transfers. The new feature will allow Robinhood users to send and receive Bitcoin and a plethora of other supported cryptocurrencies directly on the blockchain.
The company shared the news in a Twitter post featuring a short video;
The new crypto-centric feature comes roughly two months after Robinhood co-founder and CEO Vlad Tenev announced the launch of the company’s own Web3 wallet, designed to streamline access to non-fungible tokens (NFTs) and decentralized finance (DeFi). At the time, Robinhood revealed that it will cover gas fees associated with swapping coins on behalf of its users by seeking out best market rates available among the third-party liquidity providers.
According to the California-based broker, users won’t have to pay any fees for crypto transfers. The decision to do so was potentially influenced by the world’s largest crypto exchange Binance, which announced zero-fee trading on the US-focused platform last month, and expanded the promotion to thirteen Bitcoin trading pairs on its global platform earlier this week.
Robinhood has been integrating more and more blockchain functionality over the past year. The rapidly expanding catalog of supported digital currencies, a crypto wallet, and now crypto transfers, have apparently piqued the interest of FTX CEO and one of the richest people in crypto, Sam Bankman Fried, who bought $600M+ worth of Robinhood stock in May. In late June, Bloomberg revealed that FTX is exploring the acquisition of Robinhood.
The ParallelChain blockchain project has launched their second testnet, advancing forward on their roadmap towards the eventual launch of their mainnet. Per the ParallelChain team, the “Testnet 2” provides “dramatic” benefits to the platform’s user experience, performance, maintainability and reliability.
ParallelChain’s Testnet 2 features a redesigned SDK (software development kit) for creating Smart Contract. The new SDK was designed to make smart contract development on ParallelChain highly accessible, with the project drawing inspiration from modern front-end development practices. For example, the SDK features macros that automatically convert smart contract source code to lower-level code, abstracting some of the complexity away from the development proces.
The new testnet also introduces an expanded ParallelChain F REST API to support a bigger range of queries. According to the team, this change will help web application developers make better use of blockchain data sourced from ParallelChain. Another change that coincides with the launch of Testnet 2 is a redesign of the ParallelChain blockchain explorer.
ParallelChain is building a scalable blockchain platform that features a public mainnet that can interoperate with different private blockchain networks. The private networks in the ParallelChain’s ecosystem can rely on the mainnet for consensus and security, while still keeping their privacy intact. ParallelChain is compatible with WASM (WebAssembly) and EVM (Ethereum Virtual Machine), providing an easy transition for blockchain developers.
The project has also launched a mobile cryptocurrency wallet with advanced biometric authentication features. The wallet is designed to support assets on the Bitcoin, Ethereum and BNB Chain blockchains, and of course also ParallelChain’s native asset XPLL. The XPLL token will be used for paying transaction fees on ParallelChain, staking and governance. Another interesting use-case for XPLL is that the token will be redeemable for licenses to software developed by ParallelChain.
ParallelChain will release two more testnets before the launch of their mainnet, which is expected to happen in the fourth quarter of this year. We can expect to see the third and fourth ParallelChain testnet launches to be completed within the third quarter.
Reddit has launched Collectible Avatars, a limited-edition, blockchain-powered, cartoon-inspired avatar images
Collectible Avatars are NFTs issued on the Polygon blockchain that can be purchased with fiat
Reddit reportedly plans to implement more blockchain solutions on the platform in the future
Reddit launches NFT collection without admitting to doing so
Social media giant Reddit announced on Thursday the launch of so-called Collectible Avatars. Although the social media platform completely omitted any kind of NFT-related terms in its blog post, the newly-launched collector’s items are still image-based, blockchain-powered collectibles that are not fungible – in short, they are non-fungible tokens (NFTs).
“Collectible Avatars are backed by blockchain technology, giving purchasers rights (a license) to use the art – on and off Reddit.”
Collectible Avatars are available to purchase on the site’s own marketplace at a fixed price, ranging from roughly $10 to $100. Reddit also launched a subreddit dedicated to the avatars r/CollectibleAvatars.
Users can store purchased avatars in their Vault, which is Reddit’s own blockchain wallet solution supporting all Ethereum-compatible blockchains. It is worth noting that Reddit decided to use Layer 2 scaling solution Polygon as the platform to launch Collectible Avatars – reportedly due to Polygon’s low-cost transactions and carbon neutrality commitments.
The Reddit team noted that the launch of blockchain-backed collectibles is “one of the early steps” towards further implementation of blockchain solutions on the platform.
The company has previously launched blockchain-powered Community Points in 2020 in the form of ERC-20 tokens. The points are earned by contributing quality content to communities and grant access to premium perks. The initiative was further bolstered with Arbitrum scaling solution in 2021.
Revuto, a Croatian startup, is revolutionizing the worlds subscription industry by combining fintech and crypto business models
Revuto already has a popular app that allows users to manage every subscription-related issue in one place
Revuto is introducing a new, unique Revulution NFTs that will grant users lifelong subscriptions to Netflix and Spotify
In addition to allowing anyone to subscribe for any service in the world for any period of time, Revulution NFTs will open a secondary subscription market where users can send or sell unused subscriptions in the form of NFTs
Revuto, the Croatian startup working hard to revolutionize the subscription economy, has made an interesting announcement. Last year, the company found success and became popular for leveraging crypto and DeFi services to help users manage their subscriptions better.
Now, a few weeks after announcing a marketplace for NFTs in partnership with Cardahub, Revotu has announced that it will sell a limited number of Revulution NFTs that will grant users lifelong subscription/access to top streaming services Netflix and Spotify.
Revuto – An Ambitious and Innovative Startup
Revuto was launched with the primary goal of changing the subscription industry. The Croatian startup raised $10 million in 2021 and set out on a mission to enable users to have ultimate control over their subscriptions.
Revuto started out by developing an all-inclusive app that allows users to manage all their subscriptions in one place. They can pay for subscriptions normally, pay for a subscription with crypto, pause subscriptions, borrow funds to pay for a subscription, secure protection against free trials, and even unsubscribe from any service with ease. The app truly delivers real value.
Revuto is not resting on its laurels. After getting about 3 million early sign-ups for its app, the company has made several moves to boost its ecosystem. One of the recent and most exciting moves is the introduction of unique NFTs that serve as subscriptions. Revulution NFTs, as they are called, have what it takes to change the subscription industry, especially in favour of consumers (Revuto current and potential users).
Revulution NFTs – What They Offer
It is best to start this section by stating that Revuto had introduced different types of NFTs in the past. While some were to reward investors for referrals, others were utility-focused NFTs to boost staking. Another group of NFTs were to support pre-ICO Cardano projects. Revulution NFTs are the latest group of NFTs, and their functions are mind-blowing.
Revulution NFTs were introduced to enable users to subscribe to any service in the world for any period of time and also monetize unused subscriptions. The implication is that users can subscribe for services for up to one year by buying an NFT. They will also be able to send or sell unused subscriptions.
Speaking about the new NFTs, Revuto CEO and cofounder, Vedran Vukman, said:
“Based on the feedback we received from 350,000 active and verified users, we have decided to give the community exactly what they have asked for – a solution that guarantees a stable subscription fee, that they can share with their friends and family members in a simple and straightforward way. Moreover, in case they are not using the service, the users can simply get their money back or even profit from selling the NFTs. We wish to enable everyone efficiently manage their subscriptions and, eventually, to make the digital subscription market fairer and more equitable.”
Based on what they offer, Revulution NFTs could be the most important piece of the Revuto ecosystem. It is possible that the innovative team can come up with something better, but the intrinsic value of Revulution NFTs is amazing.
Limited Revulution NFTs to Offer Lifelong Netflix and Spotify Subscription
In what could be called the biggest news for the subscription industry, Revuto announced that it will start selling a limited edition of Revulution NFTs that offer lifelong digital subscriptions to Netflix and Spotify services. The sale will officially begin on July 11, 2022, at 12 pm CET on Revuto’s website.
How They Will Work
A total of 10,000 interested users will be able to buy the limited Revolution NFTs for Netflix and Spotify subscriptions. After the purchase, Revuto, in collaboration with Railsr, will provide the buyer with a digital debit card that they can use to pay for Netflix and Spotify subscriptions. Railsr, formerly called Railsband, is a first-rate banking institution that provides its services to several projects, including Crypto.com.
The digital debit card given to users will be exclusively used by them to pay for Netflix and Spotify subscriptions. As hinted earlier, Revulution NFTs will open a new, secondary digital subscription market as users can choose to sell their NFTs at crypto exchanges. Whenever a user sells their NFT, Revuto will deactivate their digital (virtual) debit card and create a new digital debit card for the new owner.
Speaking on the recent developments and what the future holds Revuto cofounder, Josipa Majic, said:
“Our Revulution NFT for Netflix or Spotify is just the start, and also an introduction to the subscription NFTs that people will be able to use to pay for any subscription in the world, for however long they want. Also, by using this particular innovation, the users will get discounts when selecting their subscriptions, coupled with the possibility of either gifting or selling them to other users. With such a unique approach, Revuto is introducing something completely new to the world of subscriptions, something that will enable the creation of an entirely new market of prepaid unused subscriptions. I am immensely proud of the team behind this project, and we are all looking forward to everything that is coming in the future. We are confident the market and existing user base will once again react positively to what we have done.”
Revuto also plans to offer a physical debit card in the future. The virtual debit cards that will be offered to the early 10,000 Revulution NFT buyers will get early access to Revuto physical debit cards when they become available.
Final Words
As mentioned earlier, the limited edition of the unique Revulution NFTs will become available on Revuto’s website on July 11. Current information shows that they will be sold at just $349. Users will be able to pay for them with crypto, as well as with credit or debit cards.
Delegated Proof of Stake (DPoS) blockchain Accumulate has released its official governance documents. These detail the network’s constitution, its list of stakeholders, and the various rules and policies that govern both the protocol and the community. They also outline the primary role that the ACME token will play in the protocol’s development.
At a high level, Accumulate combines traditional and novel approaches to blockchain governance in order to achieve optimal decentralized decision-making while maintaining a solid vision and clear direction for the community and ecosystem.
Accumulate’s constitution is constructed on the belief that a space must be created where hundreds and even thousands of participants can participate in the validation of the protocol and where large groups of decentralized participants can interface with a world of many decentralized and centralized entities.
The core components of the constitution include the ACME token, workflows & committees, and stakeholders.
Key properties of the ACME token, as outlined in the governance documentation, include:
A hard limit of 500 million tokens.
Roughly 200 million ACME will exist at the activation of Accumulate’s Mainnet in Q3 2022.
The unissued token pool will hold roughly 300 million ACME at activation.
The protocol follows a Burn-and-Mint Equilibrium (BME) model, where any ACME burned to perform work on Accumulate are returned to the unissued token pool.
A token budget is computed roughly once a month using an annual minting rate of 16% of the tokens in the unissued pool.
The inflation rate halves roughly every 4 years (greater utility as measured by the burn rate of ACME stretches out the halving rate).
Newly minted tokens from the unissued pool are primarily distributed to protocol validators and stakers.
Other topics covered in Accumulate’s governance documentation include the role of committees, which are selected by stakers and validators to manage critical workflows, and a definition of validator types. This latter category includes Node Validators for the Directory Validator Network and the Block Validator Networks (protocol), Data Server Validators, Staking Validators, NFT Validators, and ACME stakers.
A grant system is also addressed in the governance documentation, designed to support projects that wish to build on top of Accumulate and help expand the ecosystem.
The grant pool will initially be allocated 60 million ACME tokens and be funded annually by a certain amount of ACME tokens as determined by a Governance committee. Around 20% of unissued tokens will be dedicated to the grant pool once Accumulate migrates to proof of stake.
Ultimately, Accumulate’s governance process aims to combine the best processes observed in DAOs for coordinating community members while scaling decision-making by empowering stakeholders through committees and workflows to drive initiatives within their area of expertise.
The Accumulate Protocol (“Accumulate”) is an identity-based, Delegated Proof of Stake (DPoS) blockchain designed to power the digital economy through interoperability with Layer-1 blockchains, integration with enterprise tech stacks, and interfacing with the World Wide Web. Accumulate bypasses the trilemma of security, scalability, and decentralization by implementing a chain-of-chains architecture in which digital identities with the ability to manage keys, tokens, data, and other identities are treated as their own independent blockchains. A two-token system provides predictable costs for enterprise users, while anchoring all transactions to Layer-1 blockchains provides enterprise-grade security to everyone.
Popular Euro stablecoin on Ethereum, agEUR can now be bridged to Tezos ecosystem through the Plenty bridge. Users can access the bridge atplentydefi.com/bridge and bridge their agEUR from Ethereum to Tezos.
Along with the agEUR.e, the bridged token on Tezos, Plenty has also launched a Euro stable pair agEUR.e-EURl and a farm to incentivise the liquidity on their decentralized exchange.
Tezos users can now send and trade Euros with very low fees. This is however just a first step. Plenty has partnered with Angle Protocol, a decentralized stablecoin protocol, to unlock the full potential of Tezos by solidifying agEUR as the market’s leading Euro stablecoin, useful across a wide range of DeFi use cases including buying NFTs or salary compensation.
Building a permissionless money layer on Tezos
In November 2021, Angle Protocol launched agEUR, which has become one of the biggest Euro stablecoin in the market. The core idea behind building Angle and agEUR is to build permissionless and uncensorable money layers for blockchains.
While Angle was mostly thought for EVM compatible blockchains, its scope and target should go far beyond. Tezos, as one of the most actively used blockchains focused on security, scalability, and most of all energy efficiency, has rapidly been seen as an ideal place to make agEUR available. Now that it’s live, we’re one step closer to making the idea of a truly decentralized and composable financial infrastructure a reality.
About Angle
Angle is an over-collateralized, decentralized and capital-efficient stablecoin protocol.
It has launched agEUR, the biggest decentralized Euro stablecoin in the market.
Plenty is an all-in-one decentralized platform on Tezos. Plenty allows swaps on uncorrelated assets, and low cost, near 0 slippage trades on tightly correlated assets. Plenty also features a built-in bridge from multiple EVM blockchains to Tezos.
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com.
Lagos, Nigeria – SwiftMotion Media, a fully capitalized micro-VC, an investment arm of the UAE-based management consultancy Agile Dynamics, presents Web3 Delight Lagos. This in-person and online event takes place on July 29th, 2022, featuring speakers from Ecuador and Mexico, the US and Russia to Serbia, and the United Arab Emirates to South Korea.
SwiftMotion Media is proud to bring Web3 Delight Lagos to Glover hall, Marina, Lagos State. To register for the event, please visit www.web3delight.com.
Web3 Delight is the brainchild of Paul Lalovich and Tesha Teshanovich.The series of events will string together growth markets into a broader community brought together by socializing Web3 technologies and driving adoption.
This journey starts in Lagos because the Nigerian tech sector is booming, as is their youth population. Nigerian technology startups amount to about 60% of the total investment funds raised by the Africa-based tech startups. Nigeria is the largest tech market on the African continent, with 90 tech hubs and a growing and vibrant customer base of over 180 million people with access to the internet.
With a vision to engage, empower and support an advanced economy that is proactive, customized, collaborative, and secure, the Web3 Delight Lagos is uniting both global and local Web3 players to paint the art of possible and facilitate cooperation opportunities towards enhancing the digital transformation ecosystem. The event agenda is designed to provide a comprehensive and inclusive perspective across the Web3 technologies landscape, answering questions such as how to drive value with a blockchain and build better businesses? In addition, we will have a fully interactive panel discussion engaging the audience and answering their questions in real-time tackling topics such as NFTs, blockchain gaming, metaverse, DeFi, Cryptocurrencies, DAOs, etc.
Web3 Delight Lagos is bringing together blockchain startups, developers, researchers, investors, marketers, and other experts in the domain. Web3 is not about technology only! Tech is just a vehicle for the much bigger change upon us. This is a social movement towards transparency, consensus, inclusiveness, ownership, and openness.
