Bounce Newsletter 9/16
Welcome to Bounce Newsletter!
This is where you’ll find your weekly dose of all news from the Web3 world 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: iPhone 15 Auction Concluded, Toolbox & Telegram Bots Coming Soon
The Bounce iPhone 15 Auction, which started on September 9th at 3 PM UTC, has successfully wrapped up on September 16th at 7:12AM UTC. After a total of 63 bids, the closing price settled at 227.046 $AUCTION, approximately equivalent to $1146.6. This Mutant English Auction’s underlying yield generation model contributed 94.85 $AUCTION through price appreciation between bids. These rewards were shared among all participants, except the final winner who wins an iPhone 15 Pro Max and an NFT. Upon the official release of iPhone 15 Pro Max, Bounce Finance will purchase one unit and deliver it to the final winner’s doorstep, covering all shipping costs.
This iPhone 15 Auction is the inaugural presentation of Bounce Finance’s commitment to presenting more Mutant English auctions, empowering the community to bid and earn rewards using $AUCTION tokens, further expanding the range of $AUCTION token utilities.
Meanwhile, Bounce Finance is reaching the final stages of development for both Token Toolbox and Telegram bots. The Token Toolbox, a pivotal component, is designed to enhance and streamline token management for projects and individuals alike. This versatile toolkit encompasses a wide array of features, including minting and distributing tokens, along with the ability to lock liquidity — all of which is customizable, tailored to specific needs. In essence, it stands as a comprehensive suite designed to empower the success of token sales, making the process seamless and efficient.
The Bounce Telegram Bots are tailored for projects, providing seamless integration within their respective communities. This innovation empowers communities to effortlessly engage in financial transactions directly within the Telegram platform, effectively eliminating the need for traditional trading venues. Projects can harness the potential of the Bounce platform to deploy a bespoke Telegram Bot, fine-tuning its functionalities to include features like auctions, order books, and automated market makers (AMM). Once configured, these bots seamlessly assimilate into project groups, augmenting the financial interaction capabilities for all participants.
Coinbase Prime’s Institutional-Grade Web3 Wallet
Coinbase Prime, a renowned name in digital asset management, has recently launched a Web3 Wallet, designed to cater to institutional and enterprise clients. This wallet represents a major milestone in the evolution of web3, offering a secure and versatile way to interact with the blockchain.
Leveraging cutting-edge MPC (Multi-Party Computation) technology, Coinbase Prime’s Web3 Wallet offers a non-custodial approach. This means that clients can store various tokens from supported networks, even those not available on Prime Custody. The advantages are manifold. Instant access to funds, direct interaction with decentralized applications (dApps) and smart contracts, and tapping into decentralized liquidity for a wide array of assets are just a few highlights. Furthermore, clients can actively participate in DAO (Decentralized Autonomous Organization) governance, lend assets, stake in DeFi (Decentralized Finance), manage NFT collections, and oversee web3 social accounts, all from within the wallet.
What sets this wallet apart is its full integration into Coinbase Prime. Clients can set up and access their Web3 Wallet directly from their existing Prime accounts. This streamlines the process, eliminating the need for fragmented solutions and multiple providers. Coinbase Prime brings a level of consistency across user experience (UX) and data, simplifying the monitoring of web3 activities and transaction reconciliation.
In an environment where security and utility are paramount, Coinbase Prime’s Web3 Wallet offers the perfect solution for institutional clients seeking direct and secure access to the web3 and DeFi realms. The flexibility to customize processes, assign user roles, and manage transactions according to an organization’s security requirements adds another layer of appeal. With two-factor authentication via a physical YubiKey, Coinbase Prime ensures top-notch security.
This institutional-grade Web3 Wallet aligns perfectly with Coinbase Prime’s commitment to enhancing the user experience and solidifying its position as a trusted brand in the crypto sphere. It’s a significant development that simplifies and enhances the way institutions interact with web3.
OpBNB Mainnet Is Live: Revolutionizing Web3
OpBNB Mainnet, a monumental release, brings us one step closer to the mission of bringing the next billion users into the web3 fold. This Ethereum Virtual Machine (EVM)-compatible Layer 2 chain, based on the Optimism OP Stack, promises a revolution in the blockchain industry by addressing two major pain points: high gas fees and democratized access to blockchain technology.
The journey to OpBNB Mainnet began with the Testnet launch, where over 35 million on-chain transactions were processed, connecting to nearly 436,000 unique wallet addresses. Notably, 150+ dApps were deployed on the Testnet, showcasing the platform’s capabilities.
OpBNB’s value proposition centers on super-low gas costs, with Layer 2 gas fees as low as 0.2 gwei. This significantly reduces transaction costs to as little as $0.005 per transfer transaction. Security is paramount, with trustless transactions and data verification by all full nodes.
OpBNB’s focus on scalability, robustness, and cost-effectiveness is evident in the achievement of key milestones: high availability solutions, a peak of 4K transactions per second, stress testing campaigns, and ongoing security audits. The blockchain network is committed to seamless integration with the BNB Greenfield ecosystem, enhancing data availability and interoperability.
The launch of OpBNB Mainnet has garnered significant attention, with over 150 projects committed to integrating or building on the platform. This remarkable response speaks to OpBNB’s potential to revolutionize the blockchain landscape, making web3 more accessible and affordable for users around the world.
PayPal’s Integration with Web3 Payments: On & Off Ramps
PayPal, a global leader in digital payments, has taken a major stride by simplifying access to digital currencies through its integration with web3 wallets. This development streamlines the process for wallets, dApps, and NFT marketplaces to enable their customers to buy and sell supported cryptocurrencies in the U.S. (subject to applicable state law).
PayPal has already launched On Ramps, allowing U.S. consumers to directly purchase crypto with PayPal via integrations with Metamask and Ledger, with more integrations on the horizon. Adding Off Ramps allows crypto wallet users in the U.S. to convert their holdings to USD directly from their wallets into their PayPal balance. This feature enhances flexibility for users, enabling them to shop, send, save, or transfer funds to their bank or debit card seamlessly.
One of the key advantages of this integration is that it connects web3 merchants to PayPal’s fast and secure payments experience. Millions of users trust PayPal for its robust security controls, tools for fraud management, and efficient dispute resolution mechanisms. The synergy between web3 and PayPal’s established infrastructure simplifies the user experience while maintaining high standards of security.
PayPal’s Off Ramps feature is now available to wallets, dApps, and NFT marketplaces, with MetaMask being one of the first to go live with this integration. This development signifies a significant step in increasing access to digital currencies and promoting the growth of web3 ecosystems.
MetaMask’s Expansion Beyond Ethereum: Introducing Snaps
MetaMask, one of the most widely used web3 wallets, is breaking boundaries with its introduction of Snaps, a new software mechanism. Until now, MetaMask primarily served Ethereum and Ethereum-compatible blockchains, such as BNB Chain, Polygon, Arbitrum, and Optimism. Snaps is set to change that by expanding MetaMask’s usability to non-EVM blockchains like Cosmos, Solana, Tezos, Starknet, and Algorand, among others.
Snaps are software modules that can be integrated into MetaMask, enhancing its compatibility with various blockchain ecosystems. With over 150 developers engaged in this initiative, MetaMask aims to create an open platform for innovation. The team’s commitment to permissionless innovation is evident, as developers can publish Snaps to this platform without encountering gatekeepers or restrictive policies.
This expansion opens up new horizons for users, enabling them to access a wider range of blockchain networks and ecosystems through MetaMask. It’s a significant step toward fostering collaboration among developers and promoting innovation in the web3 space.
MetaMask’s journey into non-EVM blockchains and the introduction of Snaps reinforce its position as a leading web3 wallet, dedicated to providing users with a seamless and versatile experience across multiple blockchain networks.
William Mapan’s “Distance” Collection: Merging Art and Blockchain
In the realm of digital art, William Mapan’s “Distance” collection represents an exciting fusion of creativity and blockchain technology. This collection is part of the “Remembrance of Things Future” project, a collaborative effort between Cactoid Labs and The Los Angeles County Museum of Art (LACMA).
Mapan, a multifaceted artist, coder, and professor, has crafted generative computational artworks using JavaScript. These pieces blend blocks of color in overlapping grids, creating dynamic, mesmerizing visuals that evoke aerial landscapes. What’s unique is that Mapan translates these algorithmic creations into physical mediums like gouache or oil on paper and then reverts them back into code, creating a digital masterpiece with an organic touch.
Each artwork in the “Distance” series is stored on the blockchain, where its final appearance is influenced by the interactions of those engaging with the code. This interaction results in a myriad of colors and forms, making each piece a unique and interactive digital art experience.
Mapan’s work draws inspiration from Paul Klee’s masterpiece, “In the Kairouan Style, Transposed in a Moderate Way” (1914), showcasing the power of blockchain technology to amplify artistic expression.
In this whirlwind of web3 developments, we’ve witnessed groundbreaking strides across the blockchain and cryptocurrency landscape. These developments reflect the relentless spirit of innovation in the web3 era, where the digital and physical converge to shape a limitless future.
“In the world of web3, innovation is the currency that knows no limits.”
About Bounce Finance
Bounce Finance is a decentralized platform dedicated to meeting the evolving needs of the Web3 space. Established in 2020, Bounce Finance is proudly known for outstanding user experience and seamless integration of blockchain technology in trading both digital and tangible assets. We provide 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.
Keep up to date on all the latest from Bounce Finance👇
Website | App | Docs | Telegram | Twitter | Medium | YouTube | Discord | Zealy | LinkeIn
