W3 Metaverse • DeFi • NFTs

2022-11-24 21:00:10 DEX Curve releases whitepaper and official code for its stablecoin

The developers of decentralized exchange Curve Finance have released code and official documents for Curve's soon-to-be launched decentralized stablecoin called crvUSD. While an official announcement from Curve is still pending, the repository published on the projects. The whitepaper states that users will be able to mint the stablecoin by depositing excess collateral in the form of a cryptocurrency loan in a reserve, a mechanism called a collateralized debt position (CDP). The stablecoin will also rely on a novel algorithm dubbed Lending-Liquidating AMM (LLAMMA), which will work to continuously liquidate and sell the deposited collateral to better manage potential collateralization risks.
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2022-11-24 14:00:11 New new job listings by Apple suggest the company is accelerating its 3D mixed reality efforts, including a foray into the metaverse.

Apple has listed over 30 new VR and AR positions for engineers. One of these listings is for an engineer who will build the frameworks and tools “to enable connected experiences in a 3D mixed-reality world.”
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2022-11-24 14:00:11 With floating rumors of Genesis planning to file bankruptcy due to its exposure to FTX, the company spoke out. It said, "We have no plans to file bankruptcy imminently," and will set a goal to resolve the situation without a need for a bankruptcy filing.

However, Bloomberg reports have shared that Genesis is in talks with potential investors for at least $1 billion in new capital.
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2022-11-23 21:00:11 Uniswap's new privacy policy says it collects data tied to user wallets

Uniswap, the largest Ethereum decentralized exchange, published a new privacy policy to provide transparency on the data it collects. The privacy policy states that the DEX collects certain on-chain and off-chain data connected to users’ crypto wallets. The privacy policy notes that the decentralized exchange and other “third-party services providers” may gather data related to users' mobile deviceID, cookies, information from localStorage, operating system, device or browser language. Such information can be used to remember which tokens users have imported, as well as learn their preferences and interactions, Uniswap said.
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2022-11-23 21:00:11 Several Chinese Web3 platforms are introducing World Cup 2022 coverage through their metaverse tech.

Migu, a subsidiary of China Mobile, and Bytedance, the owner of TikTok, are two of the six companies that have secured rights to show the World Cup. Users will be able to use VR headsets to watch events in the metaverse.
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2022-11-23 14:00:13 There are now 134 companies that were involved with/held funds on FTX are applying for bankruptcy.
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2022-11-23 14:00:13 CryptoPunks #2512 just sold for 100 ETH or about $117,555.01.

CryptoPunks sales are up 1.28% in the last week, with #7519 selling for the highest at 125 ETH over the previous seven days.
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2022-11-22 21:00:14 1inch seeks to optimize gas costs with its new v5 router

According to 1inch, users’ gas costs for swaps will be at least 10% lower than its previous offerings in the decentralized exchange (DEX) segment, therefore making swapping activity on the Ethereum network more profitable for its users. In the Router v5, 1inch estimated that swaps will be approximately 5% more gas efficient than in the previous version and 10% more gas efficient, compared with the second best performing player in the DEX segment. The new edition is also meant to prioritize security and has been audited by almost a dozen industry projects, such as Consensys, OpenZeppelin and ABDK Consulting.
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2022-11-22 21:00:13 A partnership between Oracle Red Bull Racing and Bybit presented Lei of Lightning Azuki (Azuki #8494) on Max Verstappen, the 2021 and 2022 Formula One World Champion's F1 car for the 2022 season finale in Abu Dhabi.

Lei of the Lightning Azuki NFT will be available to the public, and the collection will have a total of 7.700 NFTs, and free mint is to take place on November 20.
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2022-11-22 14:00:16 Decentraland DAO Considers Pausing Grants As FTX Collapse Spotlights Diversification

The Decentraland DAO – the metaverse platform’s community decision-making tool – is holding a vote on whether to temporarily pause its grants program and reassess its structure. any community member can request funding for efforts to improve the platform or implement new features.

Specifically, the proposal notes that its DAO treasury holds funds equal to $19.3 million, with 99.1% of those assets held in MANA, Decentraland’s native cryptocurrency, and only 0.9% held in “other” tokens. the time might be right to pause and review its current structure, identifying valuable lessons from its shortcomings. Specifically, the proposal notes that its DAO treasury holds funds equal to $19.3 million.
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