Bounce Newsletter 7/21
Welcome to Bounce Newsletter!
This is where you’ll find your weekly dose of all news from the crypto market and beyond. From the freshest updates from Bounce Finance, to exciting project highlights and some of the most compelling auction news from around the world, we’ve got you covered. We’re here to keep you informed and engaged, transforming our newsletter into your one-stop-shop for updates. So sit back, grab your favorite drink, and join us as we dive into this week’s hot topics.
Bounce Finance Updates: From Diamond Hand Necklace, RWA Service To New Auction Types
Bounce Finance teams up with FOUNDO, a web3-native luxury accessories brand, to present an auction of their highly anticipated masterpiece, the “Diamond Hand” Necklace. This web3-native creation unites luxury with cutting-edge technology, featuring ethically sourced diamonds, gracefully arranged as an angelic hand cradling a brilliant 5.55-carat oval-cut diamond. Surrounding this captivating centerpiece are 14.27 carats of diamonds on the 18k white gold chain, further enhancing the necklace’s allure with their D/E/F color and VS-Si clarity. The necklace’s design symbolizes the enduring value of holding and long-term commitment in the crypto world.
Not only does the winning bidder acquire this exquisite physical piece, but they also gain the corresponding NFT isseued by FOUNDO, made possible through NFC chip technology. By scanning the necklace with an NFC-enabled device, collectors can securely connect the tangible item to its digital ownership record stored as an NFT on the blockchain. This groundbreaking integration ensures authenticity and unlocks exclusive digital content, adding a new dimension to luxury ownership. Stay tuned for this exclusive auction on Bounce Finance and secure your chance to embrace the fusion of tradition and innovation embodied in the “Diamond Hand” necklace.
In the meantime, Bounce Finance is introducing a new service: Real-World Collectibles Marketplace, empowering projects to showcase and sell tangible collectibles on Bounce’s platform. From unique luxury products to exclusive merchandise, we take care of manufacturing and shipping, supporting projects to effortlessly create their own brand stores and reach a broader audience. Buyers can shop various tangible products on Bounce and have them delivered right to your doorstep. What makes Bounce Real-World Collectibles Marketplace stand out is that buyers receive not only the physical goods but also the ownership of NFTs corresponding to the physical goods. To further enhance the experience, we offer NFC chip technology: By scanning the necklace with an NFC-enabled device, such as smartphones or designated NFC readers, collectors can securely connect the tangible item to its digital ownership record stored as an NFT on the blockchain.
Bounce Finance continues to expand our support for blockchain networks, now launched on Linea mainnet, Rollux mainnet, and Omni Network. Users can now create various types of decentralized auctions on these networks. In terms of auction type innovation, we have successfully developed and launched ERC722 English Auction and ERC20 Dutch Auction. Users can now create NFT English and Dutch auctions on 20 blockchain networks: Ethereum, BNB Chain, Arbitrum One, Polygon, Polygon zkEVM, zkSync Era, Linea mainnet, Rollux mainnet, Optimism, Avalanche, OKExChain, Moonriver, Moonbeam, Aurora, Fantom, Kava, Celo, Gnosis Chain, Dogechain, Klaytn.
LayerZero Protocol Enhances Cross-chain Interoperability on Coinbase’s Base Mainnet
LayerZero protocol has achieved a significant milestone with its recent launch on Coinbase’s Base mainnet, introducing an open-source omnichain interoperability solution. The protocol facilitates seamless cross-chain communication between multiple blockchain networks, enabling token exchanges, transfers, and various functionalities to enhance the efficiency and accessibility of the decentralized ecosystem.
Projects like Parallel have already embraced the LayerZero protocol, showcasing its practicality by smoothly moving tokens between Base and Ethereum. Developers building on Base can now effortlessly extend their applications across the entire LayerZero network, ensuring broader reach and interoperability with different blockchain networks.
Coinbase’s Base network, functioning as an Ethereum layer-2 solution, utilizes the OP Stack software from Optimism. This development is warmly welcomed by the Ethereum community as a significant endorsement of Ethereum’s potential. Base offers decentralized apps an uncomplicated route to leverage Coinbase’s products and distribution, providing seamless integrations and access to a wide range of assets available in the Coinbase ecosystem. As an Ethereum layer-2 solution, Base ensures security, stability, and scalability to power dApps, while supporting easy onramps for users and assets from Ethereum L1, Coinbase, and other interoperable chains.
The public launch of Base’s layer-2 mainnet is scheduled for August, further expanding the Base ecosystem’s reach and enhancing cross-chain communication capabilities. As LayerZero gains wider adoption, it is poised to play a crucial role in propelling the growth and development of the decentralized finance (DeFi) space.
The recent $15 million bug bounty launched by LayerZero Labs further demonstrates the commitment to security within the web3 ecosystem. By incentivizing security researchers to identify and report vulnerabilities, LayerZero aims to create a robust and safe environment for developers and users in the LayerZero ecosystem. This proactive approach to security reflects the protocol’s dedication to maintaining the integrity and trustworthiness of the interconnected blockchain ecosystem. As LayerZero continues to grow and gain traction in the DeFi space, its emphasis on security and interoperability positions it as a pivotal player in shaping the future of decentralized technologies.
Aurora Pass Goes Live: Simplifying the Transition to Web3
On July 20th, 2023, Aurora Pass — a mobile crypto wallet for the Aurora Networks introduced by Aurora Labs — is officially live. Designed for the Aurora networks, Aurora Pass simplifies the onboarding process to Web3, providing businesses with an effortless path to tap into the world of decentralized finance while prioritizing simplicity and effectiveness.
With Aurora Pass, businesses can seamlessly offer users access to Web3, simplifying gas fee management and enabling easy interaction with decentralized applications on mobile browsers, all while ensuring the utmost security for digital assets. By integrating with Aurora Pass, businesses gain access to a universal transaction signer, unlocking new experiences for customers. Moreover, the innovative feature of aggregating assets and transactions in a single wallet fosters collaboration and recognition of assets from other companies.
As an added advantage, Aurora Pass empowers businesses to embrace a carbon-neutral future, leveraging Aurora’s high-performance EVM and fully trustless Rainbow Bridge. By combining an Ethereum compatible experience with the modern blockchain performance of NEAR Protocol, Aurora provides an optimal environment for scalable and low-cost Web3 services, making it the perfect tool to bring your Web3 initiatives to life.
CyberConnect V3: A New, Multi-chain Future For Web3 Social
CyberConnect V3, a transformative upgrade to the CyberConnect social network protocol, was introduced this week, paving the way for a new, multi-chain future for Web3 social. With this revolutionary advancement, CyberConnect V3 empowers users with ownership of their identity, content, and social data, offering seamless scalability for web3 social dApps and a familiar web2 social networking experience. As we journey into the ever-evolving world of Web3, CyberConnect V3 stands as a significant step towards a decentralized digital renaissance, putting user trust and ownership at the forefront.
The upcoming CyberVoyage launch campaign, in partnership with Link3, will take the upgraded CyberConnect social network to multiple L1 and L2 blockchain networks, making it accessible to users and developers across ecosystems. This campaign aims to forge connections among Web3 pioneers and enthusiasts, fostering collaboration and the realization of the original purpose of Web3 social — returning identity, content, and social data ownership back to the users.
CyberConnect V3 introduces essential components, including CyberAccount, an ERC-4337-compatible identity infrastructure; CyberGraph, a censorship-resistant database for users’ content and social connections; and CyberNetwork, a gas-efficient and scalable network. These upgrades streamline user authentication and authorization, abstract away complexities like network switching and gas payments, and offer a resilient multi-chain experience for web3 social networking. With a focus on user empowerment and data ownership, CyberConnect V3 sets the stage for a brighter and more inclusive future in the Web3 landscape.
Opepen Edition NFT Series Soars Amid Viral Trend on Crypto Twitter
Pepe meme-themed Ethereum NFT series, Opepen Edition, created by conceptual digital artist Jack Butcher, has recently experienced a surge in interest and value after becoming the center of a viral trend on social media. The floor price for Opepen Edition NFTs reached an all-time peak of 0.85 ETH (approximately $1,625) in the last 48 hours, with the current floor price sitting above 0.75 ETH (about $1,440). Originally minted for free earlier this year as an open edition collection, a total of 16,000 NFTs were claimed within the collection.
The sudden rise in value can be attributed to a friendly feud between two crypto influencers on Crypto Twitter, Bored Elon and Michael “ThreadGuy” Jerome. The influencer Bored Elon, who is the top holder of Opepen NFTs, offered to trade one of the earliest minted NFTs from the collection to ThreadGuy’s prized Mutant Ape Yacht Club NFT. Although the deal fell through, ThreadGuy showed interest in switching his profile picture to an Opepen. Jack Butcher, the artist behind Opepen, created a custom NFT for ThreadGuy based on the color scheme of his Mutant Ape. In response to this gesture, ThreadGuy changed his profile picture to the new image. Butcher then launched an open edition mint of the custom ThreadGuy Opepen, with proceeds going directly to ThreadGuy. This goodwill gesture resonated within the Crypto Twitter community, and the NFT collection saw a surge in minting.
Butcher’s act of kindness and the subsequent response from the crypto community highlight the values of camaraderie and generosity over profit maximization in the Web3 ecosystem. The Opepen Edition collection has gained significant value and attention, with over $44 million worth of sales to date. Butcher’s modest creator’s fee of 0.5% on secondary sales adds up, and the Opepen Edition collection is currently one of the most-traded collections in terms of trading volume. As the saga continues to capture attention and participation from crypto’s top companies and celebrities, it underscores the potential of NFTs to create unique and engaging experiences in the digital realm.
At Bounce Finance, we love leading the journey through the latest trends in the Web3 landscape. As we explore the realm of Web3 and decentralized technologies, let us reflect on the timeless wisdom of Mahatma Gandhi, who said, “The future depends on what you do today.” In the ever-evolving landscape of cryptocurrencies, NFTs, and blockchain, our actions today shape the path to a more interconnected, efficient, and equitable future. Thank you for being a part of Bounce News, where we bring you the latest trends and developments in this exciting digital frontier. Stay curious, stay innovative, and stay tuned for more updates in the world of decentralized technologies.
About Bounce Finance
Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Furthermore, Bounce Finance is introducing Real-World Collectibles service, offering a marketplace for projects to sell their own tangible merchandise and luxury items. Bounce’s service includes an in-house manufacturing production line ensuring top-tier quality and seamless shipments.
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