Bounce Newsletter 8/12
Welcome to Bounce Weekly 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 Development Updates
Discover the future of auctions with Bounce Finance’s latest innovation: the Mutant English Auction. Breaking free from traditional norms, this revolutionary auction format redefines engagement. In the Bounce Mutant English Auction, every bid doesn’t just propel you closer to victory — it secures your share of the rising price difference between bids, fostering a collaborative atmosphere where all participants reap rewards. No longer confined to a winner-takes-all scenario, this dynamic concept empowers both the auctioneer and preceding bidders, abolishing entry deterrence and guaranteeing returns.
The highly anticipated Diamond Hand Necklace auction, scheduled to launch on August 25th, 2PM UTC, will take place in the format of Mutant English Auction. Prepare for an inclusive auctioning experience where engagement is its own reward, unveiling an exciting new era of participation and profit.
Meanwhile, Bounce Finance has seamlessly integrated Sumsub’s KYC verification, elevating platform security by requiring users to verify their identities, fortifying the Bounce ecosystem.
In tandem, the Bounce Real-World Collectibles Marketplace extends a warm invitation to projects and creators, encouraging them to apply as sellers. The streamlined application process entails submitting project details, with the Bounce team dedicated to crafting bespoke brand stores for approved projects.
Beyond these pioneering initiatives — The Diamond Hand Necklace Auction, the innovation of Mutant English Auctions, and Bounce Real-World Collectibles Marketplace — Bounce Finance’s dynamic development roadmap for Q3 and Q4 of 2023 encompasses enhancing our Auction-as-a-Service protocol. This expansion introduces pre-auction activities, allowing auctioneer projects to curate whitelisted participants via engaging community quests and verifying contributions. A comprehensive toolkit for token sales is also underway, democratizing the creation of token sales. Additionally, Bounce Finance is crafting a telegram bot service, a financial haven within the Bounce community, empowering members with swift access to a gamut of trading and financial services, including auction creation, and acquiring and staking $AUCTION tokens.
Coinbase’s Base Mainnet Is Live, Unveiling Onchain Summer
Coinbase’s Ethereum Layer 2 solution, known as Base mainnet, was publicly unveiled on August 9th. This launch introduces over 100 dapps and service providers into the Base ecosystem, coupled with seamless integration within the broader Coinbase product network. The platform offers users the opportunity to engage with dapps on Base, benefiting from near-zero gas fees, rapid transaction speeds, and robust security, all underpinned by Ethereum settlement.
Constructed on Optimism’s OP Stack, Base aims to confront the historical challenges of scalability and transaction speed that have historically constrained the widespread adoption of blockchain technology. With a clear mission to usher in the next wave of builders and users onto the blockchain, Base holds the potential to expedite the evolution of a global decentralized financial system, thereby enhancing economic autonomy on a global scale. As the Base platform emerges, the blockchain community anticipates its role in shaping the future landscape of decentralized finance.
Telegram Wallet Launches a Telegram-integrated self-custodial wallet in developers beta
Telegram Wallet has introduced an exciting development, announcing the launch of TON Space — a self-custodial wallet integrated within Telegram Messenger. Currently in its beta version, TON Space offers developers the opportunity to join the waitlist and be among the first to explore its functionalities. This innovative self-custody wallet provides users with complete control over their digital assets while enabling developers to seamlessly integrate their TON-based apps and bots into the TON Space ecosystem.
The forthcoming consumer launch, scheduled for Q3 2023, is highly anticipated and will include support for NFT Collectibles and swapping services. This groundbreaking endeavor is poised to transform Web3 onboarding, ensuring a smooth and user-friendly experience all within the familiar Telegram interface. Enthusiasts and developers eager to be part of this evolution can apply to join the beta phase now by visiting wallet.tg/ton.
PayPal’s Stablecoin Entry Puts Coinbase on Notice
PayPal’s introduction of the PayPal USD stablecoin, underpinned by Ethereum and issued by Paxos Trust Co., marks a significant development in the crypto sphere. Boasting a massive user base of over 400 million, PayPal’s foray into stablecoins could potentially eclipse competitors like Coinbase, which currently serves approximately 100 million users. This strategic move is anticipated to drive a surge of newcomers into the crypto space.
This strategic pivot by PayPal has sparked speculations about its future actions, potentially setting the stage for a direct rivalry with Coinbase. As PayPal solidifies its position in the stablecoin arena, it underscores a transformative juncture in the cryptocurrency landscape, fueling competition and innovative prospects. Amidst an evolving industry landscape, encompassing prospects like Bitcoin ETFs and ongoing legal battles, PayPal’s initiative underscores the growing influence of digital currencies and their capacity to reshape established markets.
Resilience in the Digital Age: Starbucks’ NFT Collection
In the world of NFTs, Starbucks is brewing something truly unique. Imagine an NFT collection inspired by Starbucks’ iconic aprons, a fusion of tradition and modernity. The Green Apron NFT collection stands as a testament to resilience and adaptability, even in the face of evolving market trends.
Boasting an impressive initial response, nearly 2,100 buyers have acquired 3,357 pieces from this collection. What’s particularly striking is that, at the time of writing, only 213 NFTs are available for sale, suggesting a strong intent among buyers to retain their NFT assets.
The Green Apron collection derives its inspiration from Starbucks’ baristas and their iconic aprons. The collection, comprising 5,000 pieces, debuted on the Nifty Gateway NFT marketplace on the Polygon network. Each NFT purchase comes bundled with 1,500 points, enriching the Starbucks’ loyalty-based Odyssey pass. It’s noteworthy that the floor price of these NFTs, indicating the lowest listed price in the secondary market, stands at $120 — nearly 20% higher than the initial mint price of $100. The highest offer recorded for this collection currently sits at $108, a testament to the collection’s resiliency amidst the ongoing market fluctuations.
Starbucks’ strategic entry into the NFT space is indicative of a broader trend wherein major corporations are exploring blockchain-based digital assets. This move not only underlines the brand’s innovation but also provides a unique convergence of the digital and physical realms. The strong retention of these NFTs among buyers underscores their perceived value, even in a market characterized by its inherent volatility.
The Musical Canvas: Unveiling Freddie Mercury’s Yamaha Piano
Hello Music Aficionados. Sotheby’s, the guardian of artistic heritage, is poised to tell the remarkable tale of Freddie Mercury’s Yamaha baby grand piano. Beyond its keys and strings lies the essence of Freddie’s musical odyssey, from the moment he scoured stores for the perfect instrument to the melodies that echoed within his home. Now, this piano, a vessel of creative energy, is ready to find a new custodian through Sotheby’s iconic auction platform.
With a legacy that spans from Freddie’s compositions to Garden Lodge’s walls, this piano isn’t just a musical instrument — it’s an emblem of artistic fervor. Sotheby’s recognizes it as a chapter of Freddie’s narrative, a piece of history that transcends time. The auction becomes a harmonious symphony, merging Freddie’s melodies with Sotheby’s tradition of safeguarding legacies. As the piano journeys to a new home, its keys carry forward Freddie’s passion, and Sotheby’s continues its timeless mission of preserving art’s resonant power.
About Bounce Finance
Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions across multiple blockchain networks. With a strong focus on Auction as a Service, Bounce Finance offers a seamless, transparent, and secure auction experience with a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Recently, Bounce Finance has also introduced Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Leveraging the transparency and efficiency of on-chain auctions, Bounce Finance is committed to providing comprehensive support and state-of-the-art services to promising projects, facilitating their growth and success.
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