Hey Buddies!
We've scoured the web for the most exciting news from the Polkadot ecosystem and beyond.
So grab a drink, sit back, and catch up on all the cool stuff happening in the world of Web3.
What's inside
Buddies Street News
Polkadot Ecosystem
General News
NFT News
DeFi News
Outside Polkadot
Buddies Street News
An overview of all the things that happened last week on Buddies Street.
Exciting AMA Reveals Future Plans for Buddies and MoonBuddies
Buddies recently held an AMA with Massive Alpha News, discussing upcoming developments for both Buddies and MoonBuddies projects. Don't miss out on the insights and future plans shared during this engaging session.
MoonBuddies Holders Can Now Stake for $SEED
Staking is now available for all MoonBuddies holders, allowing them to acquire $SEED, the main currency for future BuddieVerse activities. Find MoonBuddies on the Raresama marketplace.
Polkadot Ecosystem
General News
Binance Enables Tether Transactions on Polkadot Ecosystem
Binance now supports Tether (USDT) deposits and withdrawals on Polkadot, improving user experience and liquidity within the ecosystem. More information will be available at PolkadotDecoded on June 28-29.
Unique Network Launches HRMP Channels for Astar and Quartz
Unique Network's HRMP channels are now live, enabling users to transfer $UNQ & $QTZ tokens between networks. The upcoming portal.astar.network integration will offer more benefits and opportunities for both communities.
Phala Network's Weekly Update: PhatContract Launch and Khala Treasury Activities
Phala Network shares its weekly update, highlighting the upcoming PhatContract launch, 43.45M PHA accumulation, and progress in Khala Treasury. The development of PhalaWorld's Marketplace delegation NFT support enters data testing stage, and co-founder Marvin Tong will attend ""Exploring Centauri"" Twitter space on May 30th.
Astar Team Reviews Token Economics, Plans to Reduce Inflation Rate
The Astar team is working with a 3rd party to review their token economics model and aims to decrease the inflation rate in the coming months. They will consider various approaches, including Bitcoin's fixed total supply and Ethereum's network usage-based model, and plan to make changes within a month.
Bear Necessities Hackathon Offers 50k in Prizes for Web3 Developers
The Bear Necessities Hackathon invites Web3 developers to explore Moonbeam and build cross-chain use cases, with 6 challenges and $50,000 in bounty prizes sponsored by Chainlink, Biconomy, SubQueryNetwork, and StellaSwap. Join the kickoff Twitter space and Discord channel for support during the event.
InvArch Network's Polkadot Crowdloan Returns with Enhanced Bonuses
The InvArch Network is relaunching its Polkadot crowdloan, offering improved contribution, milestone, and loyalty bonuses. The network supports decentralized communities and businesses, and has facilitated funding for DAOs like YoudleDAO, WagMedia, and ChaosDAO.
SubWallet Unveils Major Upgrades for Multi-Chain Crypto Management
SubWallet introduces a revamped non-custodial wallet with a new UI/UX, multichain support, and in-app staking for Polkadot, Ethereum, and Substrate users. The wallet is available as a browser extension and mobile app for seamless access and syncing.
NFT News
RaresamaNFT Introduces New Features and Upgrades
RaresamaNFT has updated its platform with seamless navigation, sensitive content warnings, bulk minting, and infrastructure improvements. Stay informed by following @RaresamaNFT on Twitter.
Donnie Announces Integration with @0xPolygon for Multi-Blockchain Support for Moonsama
Donnie reveals plans to support multiple blockchains, starting with a venture into the massive web3 gaming ecosystem, @0xPolygon. More details are yet to be disclosed.
Fashion Brand Partners with @jointhepressure for Music, Art, and Youth Culture Connection
The May 26th drop features an exclusive track by @kittycash and artwork, blending fashion with music and art. This collaboration aims to unite and celebrate youth culture.
Evrloot.io Launches Friends of Evrloot Program with Exclusive Rewards
Evrloot.io introduces its Friends of Evrloot program, offering top-tier rewards like personal guild houses and custom items with royalties. Over 450 sign-ups have already joined, and participants are encouraged to get creative with referral links.
Neurolauncher X Labs Unveils Advanced NFT Collection on Astar Network
Neurolauncher X Labs is set to release a limited supply of 1000 advanced NFTs on the Astar Network, with a mint price of $50 in $Astr. Secure your spot on the whitelist now to gain an advantage in this exclusive NFT collection.
Grab Your AAA Season 2 Mini-OG Gift Pack Now!
AAA Season 2 is coming, and you can become a Mini-OG with a gift pack that includes 20 BAJU, whitelist access, and free mints. Contact an Ajuna team member on Discord to secure your head start in the new season.
DeFi News
HydraDX Protocol Opens Gates for New Liquidity Positions
HydraDX now allows LPs to provide single-asset exposure through its innovative Omnipool design. Users can seize this opportunity to stay hydrated in the liquidity pool.
Bifrost Upgrades UI for Multi-Token Gas Fees on Kusama Network
Bifrost has enhanced its user interface, allowing users to pay gas fees with various tokens on the Kusama Network. Users can now toggle between tokens like $BNC, $vBNC, $KSM, $USDT, and $ZLK on bifrost.app/wallet.
vETH/WETH Stable Pool Migrates to Balancer, Gains Popularity
The vETH/WETH Stable Pool has successfully migrated to Balancer, boasting $1,623,360 TVL and $2,877,586 Volume. Users can provide liquidity, receive BPT, and stake it on Balancer or Aura Finance for BAL and AURA rewards.
InterlayHQ Joins Forces with Livetree Network for Innovative Content Monetization
InterlayHQ has partnered with Livetree Network to revolutionize content creation and monetization by integrating Bitcoin and Polkadot expertise with user control. The collaboration was announced on May 25, 2023.
D20 Launches on Pulsar for Trading and Staking on StellaSwap
DAM Finance's native stablecoin, D20, is now available for trading and staking on StellaSwap, with incentives provided by GLMR eco grants. Users can stake their D20, transfer it from Ethereum, or obtain it through Curve.
Outside Polkadot
Hackers Seize Control of Tornado Cash, TANK Token Plummets
A hostile takeover of Tornado Cash by hackers using a malicious governance proposal led to a 44% drop in TORN token value, prompting Binance to pause deposits. Tornado Cash, a blockchain protocol used for laundering stolen funds, has processed over $8 billion since 2019.
Paradigm Expands Focus to Include AI and Frontier Tech
Crypto venture capital firm Paradigm is broadening its scope to encompass artificial intelligence and other frontier technologies, while still remaining committed to crypto and web3. The company's updated website emphasizes technical research and exploration of new technologies.
OpenAI CEO Raises $115M for Worldcoin, a Crypto Project Using Iris Scans
Sam Altman, CEO of OpenAI, has co-founded and raised $115 million for Worldcoin, a cryptocurrency project that verifies users through iris scans. The funding will be used to expand the project and develop its digital wallet, the World App, amid concerns over security and privacy.
Introducing Ark: A Second-Layer Protocol for Private Bitcoin Payments
Ark is a new second-layer protocol that enables cheap, anonymous, off-chain Bitcoin payments without requiring inbound liquidity. It offers greater privacy than Lightning and operates continuously with no entry barriers for onboarding.
Binance Enters NFT Lending Space with Crypto Borrowing Feature
Binance introduces a new feature on its NFT marketplace, allowing users to borrow cryptocurrencies using NFTs as collateral. The platform currently supports ETH borrowing against ""blue-chip"" NFTs with a 7.91% interest rate and no gas or Ethereum transaction fees.
Hong Kong Police Launch CyberDefender Metaverse Platform for Web3 Education
The Hong Kong Police Force's cybersecurity unit introduces CyberDefender, a metaverse platform aimed at educating the public on Web3 and metaverse dangers. This initiative comes as a response to the increasing number of virtual asset crime cases and focuses on technology crime prevention.
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// See you next week! //
We3kly Web3 R3cap #13
Read these every week without fail, my good man. I cannot thank you enough for producing this aggregated news feature for us. Truly a valuable asset to not only the entire BUDDIES community, but Polkadot more broadly and even all of Web3 beyond that. Kudos, aemonk! 🙏❤️🙇♂️