Topics of Crypto World

This article discusses new standards in the semi-fungible token field, such as ERC-404, TinySPL, and Asteroids, and their role in promoting new models of digital economy and asset forms. The article evaluates the performance of these standards in enhancing asset interoperability, binding assets with identities, scalability, cost efficiency, and simplifying user experience. At the same time, it points out the challenges faced by ERC-404 tokens, including lack of formal review, security risks, and market acceptance issues.

The article discusses the value and challenges of fully on-chain games in the Web3 domain. As a significant branch in the cryptocurrency field, fully on-chain games provide unique value propositions, including real-value assets, free transfer of value, attributes of betting chips, and the elimination of consumption restrictions. These characteristics enable fully on-chain games to surpass traditional games in certain aspects, allowing players to experience the true value and freedom of cryptocurrency assets.

As an innovative cryptocurrency trading platform focusing on the creation and trading of memecoins, Pump.Fun provides a unique and attractive market environment by combining the interactivity of social media and the financial technology of cryptocurrencies, encouraging more users to enter into the decentralized financial field through a low-barrier to participation, exploring and create digital currencies based on pop culture and internet meme.

Decentralized confidential cloud computing services ensure the decentralized nature of cloud computing and maintain data security and privacy, but more crucially, they also enable broader DePIN business logic. Using token incentives to reduce the cost of cloud computing services, anyone requiring low-latency and high-computational power services can opt to deploy on WeTEE, receiving a generic cloud computing solution comparable to traditional cloud services. Users and developers from any public blockchain ecosystem can utilise WeTEE's confidential cloud computing services, thereby helping WeTEE become a foundational infrastructure for AI+Crypto driven by the entire blockchain, directly capturing the value of computational demand across the network.

This article provides a comprehensive analysis of the current state of Japan's Web3 industry, including the details of Japan's Web3 promotion policy, its impact on local Web3 ecosystem players, and identifying the exact changes that have resulted. Additionally, the report explores business opportunities in the Japanese Web3 market, assessing potential short-term gains and long-term growth prospects.

Vitalik Buterin provides a detailed introduction to Binius, a highly efficient proof system based on binary fields. The article first reviews the concepts of finite fields and arithmetization, explaining how SNARK and STARK proof systems work by converting program statements into polynomial equations. Vitalik points out that although Plonky2 has proven that using smaller 64-bit and 31-bit fields can significantly improve the efficiency of proof generation, Binius further enhances efficiency by operating directly on zeros and ones, taking advantage of the features of binary fields. Binius uses multivariate polynomials to represent computational traces and employs a series of mathematical tricks, including the concept of hypercubes and Reed-Solomon encoding, to construct proofs. Vitalik believes that the direct computational ability of binary fields and operations on bits are key to Binius's efficiency.

Outlier Ventures has taken notice of the development of decentralized social networks, particularly Farcaster and Lens Protocol, which have begun to attract genuine user attention. The article explores the application of cryptographic technology in social networks, as well as the challenges of private key management and mobile experiences. The goal of decentralized social networks is to break the limitations of traditional platforms, providing user identity portability and more control. DeSo (decentralized social) offers permissionless communication and broadcasting capabilities, while SocialFi combines Web3 primitives with decentralized finance. Friend Tech has discovered the potential of token-gated chats. The Lens Protocol is a composable social graph deployed on Polygon, whereas Farcaster is a Web3 social network built on Ethereum, using smart contracts and a peer-to-peer network matrix based on "Hubs." Farcaster implements its architecture through a set of smart contracts deployed on Optimism and has att

Swell Network is an innovative non-custodial staking protocol offering liquid staking and restaking services, designed to simplify DeFi access and secure the future of Ethereum staking services. Swell has rapidly grown its TVL to $2.1 billion through its unique architecture, which includes the restaking Rollup and EigenDA data layer, as well as a native yield mechanism. The growth of Swell L2 has been particularly notable, with its pre-launch deposits increasing from zero to over $1 billion in just 28 days, demonstrating its potential and leadership in the DeFi sector.

This article provides detailed explanations and analyses regarding whether USDe has addressed the three major challenges of stablecoins, namely scalability, decentralization, and stability. It emphasizes the problems USDe aims to solve and how it intends to address them. By offering a decentralized stablecoin solution, USDe aims to achieve transparency, resist censorship, and attain independence from traditional financial systems.

The article discusses the concept, application directions, and related cryptocurrency projects of decentralized computing. Decentralized computing mainly involves processing data to output results, with its biggest market demand being AI training. Despite facing technical challenges such as data synchronization, network optimization, and data privacy and security issues, decentralized computing holds tremendous potential in the field of AI.

This article selects three L2 projects with a more Western background—Mezo, BOB (Build on Bitcoin), and Spiderchain (Botanix)—to further explore the pros and cons of layer 2 solutions and their impact on the BTC ecosystem.

EigenLayer is an innovative project that introduces Active Verification Services (AVS) by re-staking ETH, allowing Ethereum's security and trust foundation to be leased to other systems. EigenLayer users protect other systems by re-staking their ETH and may be at risk of stake slashing. AVS are systems that require distributed verification semantics. They use EigenLayer to enhance the security and functionality of the network. The article introduces 10 Eigen AVS ecological projects worthy of attention, including EigenDA, AltLayer, Omni, Lagrange, Aligned Layer, Hyperlane, Witness Chain, Eoracle, Drosera and Ethos. These projects cover areas such as data availability, rollups re-staking, cross-chain interoperability, modular oracle networks, security incident response protocols, and the security of the Cosmos chain.

Movement is a modular framework for building and deploying Move-based infrastructure and applications. It uses M1 and M2 technologies to achieve compatibility with EVM and connect the mobility of Move and EVM ecology. As a permissionless blockchain, M1 uses the Snowman consensus protocol, while M2 is the first Move Layer-2 on Ethereum, supporting Sui Move, Aptos Move and EVM. The design of Move language focuses on security, improving the security of smart contracts through linear ownership and immutability of resources. Movement Labs has received US$41.4 million in financing to promote the innovative application of Move language in blockchain technology.

Vitalik Buterin has proposed EIP-7702, which could be one of the most significant changes in Ethereum's history. EIP-7702 aims to improve account abstraction, allowing smart contracts to be used as accounts, thereby enhancing functionality and security. It is highly compatible with EIP-4337, which has been widely adopted on platforms like Polygon. EIP-7702 achieves the temporary delegation of EOAs (Externally Owned Accounts) to smart contracts by temporarily populating the contract code field of an EOA with smart contract code, without the need for a hard fork. This could transform how users interact with Web3 applications.

Why certain public chains buzz with lively activity and an abundance of meme tokens, while others dwindle into ghost chains, notably after an airdrop?