Hey there! Welcome back to another edition of Web3 Weekly Pulse! We're here to make your Web3 experience even more exciting and enjoyable.
Our team scoured the depths of the Web3 universe last week to bring you the most fascinating news on infrastructure, industrial trends, and ecosystem updates.
Let's jump right in and explore the captivating stories that await you in this week's edition of Web3 Weekly Pulse.
1️⃣ Beijing has released the "Web3 Innovation and Development White Paper (2023)" to promote the web3 industry. The white paper acknowledges web3 technology as a crucial trend for the future of the Internet industry. Beijing aims to provide policy support and accelerate technological breakthroughs to foster the growth of the web3 sector. This initiative highlights Beijing's commitment to becoming a leading hub for web3 innovation. By prioritizing policy reinforcement and technological advancements, Beijing aims to create an environment conducive to the development of the web3 ecosystem. The release of this white paper demonstrates Beijing's strategic approach to shaping the future of the Internet industry and establishing itself as a prominent player in the web3 space.
Yogita Khatri
2️⃣ In a collaborative effort, the beloved Rabbids franchise has partnered with Reddit to introduce the Reddit Rabbids Collection. This unique collaboration is a celebration of the release of the latest game in the franchise, Rabbids Party of Legends. Reddit, known for its vibrant community, is venturing into the gaming realm by offering this exclusive collection. As of today, Reddit users have the opportunity to acquire one of the six remarkable Reddit Rabbids Collectible Avatars to enhance their personal Vault. This collaboration signifies the merging of two influential platforms, showcasing the growing intersection between gaming and online communities.
Kate Irwin
3️⃣ Platinium Group, a prominent ticket issuer for Formula 1 events, has announced the launch of non-fungible token (NFT) race tickets, commencing with the upcoming Monaco Grand Prix. To facilitate the creation, minting, and sale of these NFT tickets, Platinium Group has formed a partnership with blockchain infrastructure firm Elemint and Web3 agency Bary. This collaboration signifies a significant step in the integration of blockchain technology within the realm of ticketing, offering enthusiasts a novel and digitally secure way to engage with Formula 1 events.
Cam Thompson
1️⃣ Metaplex, a leading NFT tools provider on the Solana blockchain, is facing community backlash for its protocol update plans to the token metadata program. The update aims to introduce immutability to token metadata while imposing network fees of 0.01 to 0.001 SOL on select instructions. According to CEO Stephen Hess, the fees will support ongoing innovation and the completion of the Token Metadata program, including the development of Compressed NFTs. The proposed changes demonstrate Metaplex's commitment to advancing the NFT ecosystem.
Shalini Nagarajan
️2️⃣ In response to the recent "force majeure" incident affecting Multichain and the stability concerns surrounding any USDC, Stargate, the LayerZero cross-chain bridge protocol, has taken proactive steps to address these challenges and uphold the integrity of the ecosystem. They have introduced a comprehensive proposal and implemented a single-choice voting system for risk mitigation. The voting period, which commenced on May 27 at 3:47 AM, will conclude on May 30 at 3:47 AM. Notably, the proposal has garnered significant support from the Stargate community, with approximately 1.7 million verified members voting in favor. This overwhelming support, accounting for around 96.55% of the community, highlights a strong alignment with the proposed measures and underscores the community's commitment to maintaining stability and security.
Coingape Staff
3️⃣ With a focus on safety and security, Base is making significant strides towards its mainnet launch. The project has set clear launch criteria that must be met before the official release. These criteria include the demonstration of stable performance on the testnet, the successful completion of Optimism's Bedrock upgrade, and a thorough review and audit process. By adhering to these rigorous standards, Base aims to instill trust and confidence among its users and stakeholders, ensuring a robust and secure platform for the community.
Ethereum
Ethereum Client Prysm released v4.0.5 Version - link
BNB Chain
BNB Smart Chain Chapel Testnet is expected to have a scheduled hard fork upgrade named Luban at block height 29,295,050. - link
Arbitrum
Arbitrum Nova has surpassed 600,000 unique addresses - link
Avalanche
It announced the launch of AvaCloud, the Web3 launchpad for deploying and scaling no-code, fully managed custom blockchains. - link
Sui
Sui names are coming in just a few days to allow users to customize their wallet address name - link
Solana
Magic Eden announces the launch of NFT Aggregator on Solana - link
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