Bounce Newsletter 8/19
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 Updates: Pre-Auction Activities, Token Sale Toolkit, Telegram Bot & Diamond Hand Necklace Auction
Bounce Finance has just dropped a trio of exciting updates that are set to reshape the way we engage with decentralized finance. First on the list is the “pre-auction activities” feature. This addition empowers projects to curate their whitelists for exclusive events by engaging their communities in custom quests, all directly on Bounce. That means no more relying on third-party Learn-to-Earn platforms — From pre-auction to post-auction, the whole process is on Bounce. What you can expect is a streamlined, engaging, and customized auction experience perfectly aligned with Bounce’s Auction-as-a-Service vision.
Bounce Finance is also unveiling a comprehensive toolkit designed to make token sales a breeze for projects. No more navigating through complexities — this toolkit equips projects with an intuitive interface, customization options, liquidity locking, and decentralized token distribution. With these tools in their arsenal, projects can orchestrate successful token sales while bypassing the middlemen. It’s all part of Bounce’s commitment to bringing Auction-as-a-Service to life, empowering decentralization, accessibility, and innovation.
Last but not least, get ready for the innovative Bounce Telegram bot designed to become your ultimate financial assistant within the Bounce community. As the trading dynamics transition from traditional platforms to project-based communities, the upcoming Bounce Telegram bot promises to be an indispensable tool, revolutionizing the way users engage with financial activities. Whether it’s purchasing and staking $AUCTION tokens, creating auctions, or trading tokens and NFTs, the Bounce Telegram bot will provide a streamlined avenue to accomplish these tasks, replicating the capabilities already available on the Bounce app and other trading platforms.
Don’t forget to stay tuned for the highly anticipated Diamond Hand Necklace auction, scheduled to launch on August 25th, 2PM UTC. This auction will take place in the format of our brand new auction mechanism called Mutant English Auction. Every successive bid must exceed the previous bid by a fixed rate (e.g., 3% higher each time). The unique twist of this auction format is that even if the necklace isn’t your interest, placing a bid earns you rewards from the rising price difference between your bid and the next higher bid. While the highest bid will win and receive both the Diamond Hand necklace and it’s exclusive NFT, every participant earns prize just by placing bids. No one leaves home empty-handed!
opBNB: From Testnet to Mainnet, Enhancing Speed, Security and Scalability
The BNB Chain team has launched opBNB, an EVM-compatible optimistic rollup Layer 2 scaling solution. After months of development and testing, opBNB is ready to offer enhanced speed, security, and scalability. It uses the Optimism OP Stack Bedrock, a modular rollup framework, adaptable to BSC ecosystem needs. opBNB caters to a wide range of uses, from gaming to decentralized exchanges and more.
The opBNB journey began with its Testnet launch on June 19, 2023, and over 1.5 months, the BNB Chain community processed over ~7 million on-chain transactions, engaged 6,000+ daily active users, and saw over 40 dApps deployed. Notably, the opBNB Testnet demonstrated quick block times, handling 86,000 daily blocks and 100–150K daily transactions.
The opBNB Mainnet, set to launch by mid-August 2023, prioritizes scalability, performance, and security. It aims for high availability, consistent performance at 4K transactions per second (TPS), stress testing, and cheaper gas costs. The opBNB Mainnet, now open to infrastructure providers, seeks to prioritize developers and partners with improved infrastructure, enhancing the overall opBNB experience.
ZetaChain Secures $27 Million Funding for Ambitious Interoperability Project
ZetaChain has announced a successful $27 million funding round to accelerate the development of its mission to create the first public EVM-compatible L1 blockchain. Investors such as Blockchain.com, Human Capital, Vy Capital, and others are backing the initiative. Founded in 2021, ZetaChain aims to revolutionize blockchain interoperability by enabling users to access all their assets and data on a single platform, regardless of the blockchain’s origin, without the need for bridges or wrapped tokens.
ZetaChain’s Ethereum Virtual Machine (EVM) compatible omnichain smart contract layer facilitates the seamless implementation of Bitcoin smart contracts, expanding the DeFi ecosystem to a wider audience. With over 27,000 dApp contracts and 1.7 million users participating in the ZetaChain testnet, the project is gaining traction. The ZetaChain team plans to launch its mainnet and further develop its ecosystem of decentralized applications to provide global users with enhanced decentralized services.
Polygon Labs and SK Telecom: Shaping the Future of Web3
Polygon Labs, in collaboration with South Korean mobile giant SK Telecom, is on a mission to reshape the web3 ecosystem and identify promising startups. Beyond developing a robust web3 environment, this partnership aims to strengthen the web3 startup landscape through strategic incubation. The significance of this collaboration extends to the integration of Polygon’s blockchain technology with SK Telecom’s NFT marketplace, TopPort. This integration is expected to enhance the NFT trading experience and contribute to the broader adoption of blockchain and crypto assets.
The collaboration marks a pivotal moment, with a leading mobile carrier like SK Telecom acknowledging the potential of web3 technologies. As Polygon operates a proof-of-stake sidechain network running alongside Ethereum, its collaboration with SK Telecom underscores the growing acceptance of blockchain innovation by mainstream players. The potential to foster a thriving ecosystem for web3 startups, coupled with the integration of blockchain and NFT technologies, positions Polygon Labs and SK Telecom at the forefront of driving the next phase of digital innovation. This collaboration could serve as a model for other industry leaders to explore strategic partnerships that drive blockchain and web3 adoption forward.
Sugartown: Take-Two’s Web3 Game Pioneering the Future of Gaming
Take-Two Interactive Software, the parent company of the renowned “Grand Theft Auto” franchise, is stepping into the web3 gaming landscape with the launch of its first web3 game, “Sugartown.” Developed in collaboration with its subsidiary Zynga, the game leverages Ethereum’s blockchain technology, allowing players to access it through Ethereum tokens. This move is a significant step towards mainstream adoption of blockchain technology in the gaming industry.
The introduction of “Sugartown “ represents a potential turning point, as a major player in the gaming industry embraces web3 technology. The use of blockchain tokens to access the game and earn in-game rewards aligns with the play-to-earn trend that has gained momentum in recent years. If successful, this initiative could prompt other gaming giants to follow suit, thereby accelerating the integration of blockchain and crypto in the gaming sector. Moreover, Take-Two’s investment in web3 gaming startups further underscores its commitment to driving innovation in the industry and reshaping the gaming landscape for the better.
While the NFT market has experienced fluctuations, the continued interest and innovation within the sector suggest that blockchain-enabled gaming holds significant potential for the future. Take-Two’s entry into this space signals a broader trend of traditional gaming companies recognizing the value of blockchain technology in enhancing user experiences and introducing new revenue streams. The success of “Sugartown” could set a precedent for the industry and pave the way for more web3-powered games to capture the imagination of players worldwide.
Rare Ferrari 250 GTO: A Record-Breaking Auction
A rare and vibrant red 1962 Ferrari 250 GTO, which originally sold for $6,000 in 1964, is expected to fetch a staggering $60 million in an upcoming auction by RM Sotheby’s. This extraordinary increase in value over decades highlights the unique status of classic cars as investment assets, particularly in the luxury market.
This auction presents an unprecedented opportunity for car collectors and enthusiasts to acquire an iconic piece of automotive history. The car’s remarkable journey, from its initial sale to its current auction price, reflects the growing interest in classic cars as valuable assets. With only around 34 units produced between 1962 and 1964, the Ferrari 250 GTO is not only a symbol of luxury but also a collector’s dream.
The auction showcases the enduring allure of classic cars, transcending their functional value to become valuable investments. Such astronomical price increases over the years underscore the significance of rare and well-preserved vehicles as tangible assets with potential for substantial financial growth. This record-breaking auction could set new benchmarks in the classic car market and further establish luxury automobiles as a unique investment class within the larger context of alternative assets.
At Bounce, we’re committed to fostering a community that embraces these changes and thrives in this dynamic environment. As we witness the rise of new technologies and concepts, we’re reminded of the power of collaboration and shared exploration. The world of decentralized finance is at our fingertips, offering endless possibilities for financial empowerment and inclusivity.
In the words of Henry Ford, “Coming together is a beginning; keeping together is progress; working together is success.” With each innovative step we take, we come closer to shaping the future we envision. Our community is a testament to the power of collaboration and innovation, and as we look ahead, let’s continue to explore, adapt, and grow together.
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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