Bounce Weekly Newsletter 6/23
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: Mobile App, Real-world Collectible Auction, NFT English Auction, and More $Auction Token Utilities
Bounce Finance experienced a remarkable week filled with significant developments. Notably, the mobile version of our application is now live. Users can now enjoy all auction features and services on any mobile device, enhancing the convenience of their auction experience.
Meanwhile, the much-anticipated Real-world Collectible Auction section is now live on the Bounce app. This section provides a sneak peek into the upcoming Diamond Hand necklace auction, a unique collaboration between Bounce and FOUNDO, a web3-native luxury accessories brand. This section also allows users to keep an eye on ongoing and upcoming auctions hosted by auction houses like Christie’s and Sotheby’s.
Adding a dynamic edge to the NFT auction scene, Bounce Finance has also launched the English Auction feature for NFTs, empowering Bounce users to create and participate in NFT English Auctions on Ethereum, Polygon, and BSC networks. English auctions present a dynamic bidding environment where the market determines the NFT’s value. Starting at a specified amount, participants place increasingly higher bids until the auction concludes, with the highest bid securing the NFT.
Furthermore, Bounce Finance has integrated the OKX Wallet web extension. You can now connect your OKX wallet to engage in auction activities on Bounce app. Bounce Finance has also joined OKX’s Cryptopedia, a unique Web3 project experience and learn-to-earn platform. The Bounce Finance’s quest on Cryptopedia presents an NFT fixed-price auction on zkSync Era. Everyone can access this quest through the OKX app and participate in this quest by purchasing the NFT on Bounce, with tutorials available. To incentivize participants, Bounce Finance and OKX has released a $20,000 Giveaway Campaign. There are two tasks for this campaign:
Task 1: Complete the Bounce Finance and OKX Web3 Earn quest on Cryptopedia;
Task 2: Hold the NFTs issued by OKX Cryptopedia: New York #4 or Paris #5.
The campaign’s prizes are structured as follows:
- $10,000 prize pool to be shared among 1,000 winners randomly selected from those who complete Task 1.
- $5,000 prize pool to be shared among 200 winners randomly selected from those who complete both tasks.
- $5,000 prize pool for 200 new users, randomly chosen from those who join Cryptopedia after the campaign launch and complete Task 1.
In the meantime, Bounce Finance is preparing to expand the utilities of Bounce’s native token, $AUCTION, and bring more benefits to $AUCTION holders. An elaborate plan detailing these enhancements will be released shortly, and we eagerly anticipate our community’s suggestions. Stay tuned for more exciting updates on $AUCTION utilities and benefits!
TypeIt: Pioneering Web3 Payment Input and Introducing First-Mining Event
TypeIt is the world’s first Web3 payment input method, allowing users to earn income in their daily use and participate in the development trend of Web3. With keyboard skins rendered as NFTs, TypeIt offers a range of scenarios for users, including Gamefi and Socialfi environments.
In the realm of privacy, TypeIt shines by encrypting and locally storing all user data, thereby safeguarding privacy and security. As a nexus between the Web3 and Web2 universes, TypeIt stands out as more than just an input method — it’s an innovative gateway into the digital economy.
TypeIt’s First-Mining Event takes place at 2PM UTC on June 22nd. The token up for mining is $WORD, the new in-game token in TypeIt with a total supply of 1,000,000,000. For TypeIt’s First Mining Event, users can open mystery boxes to obtain NFT keyboards and start mining $WORD by typing after loading the NFT keyboards. To aid those keen on learning more, operational tutorials and explanations of TypeIt’s numerical values are available.
From IDO to IEO: PoseiSwap’s Exciting Journey on Nautilus Chain
PoseiSwap is the first decentralized exchange protocol built on the Nautilus Chain, a Layer 3 blockchain. PoseiSwap offers users a high throughput DEX with low fees and lower slippage. Beyond that, PoseiSwap will also use Nautilus zk-tech in the future to give users privacy and make Posei suitable for tokenized real-world items and assets.
PoseiSwap recently launched their Initial DEX Offering (IDO) on Bounce Finance at 12AM UTC on June 18th. Deploying a fixed-price auction format, PoseiSwap’s IDO marked the debut of their native token, $POSE, which was set at a fixed price of 0.31 USDT per unit for the IDO. The IDO wrapped up on June 22nd, scoring a huge success with more than 15,000 sign-ups and a whopping $40,000 worth of $POSE tokens sold in the first 24 hours. If you’re one of the lucky participants, keep an eye out as 5% of your $POSE tokens will be unlocked in August, followed by a steady 1% each month till July 2025. You can claim your tokens right on the IDO auction pool page.
But the excitement didn’t stop there. Riding high on their successful IDO, PoseiSwap announced their Initial Exchange Offering (IEO) on BitForex. The IEO is live from June 23rd, 10:00 AM to June 26th, 10:00 AM (GMT+8).
Rollux Upcoming Mainnet Launch: A New Chapter in Scalability and Security by SYS Labs
SYS Labs introduces Rollux, the definitive EVM rollup platform, grounded in Bitcoin’s PoW to deliver unmatched security, scalability, and affordability. Powered by Syscoin and fueled by $SYS, Rollux is set to take center stage in pushing the boundaries of scalability and paving the way towards mass adoption.
Unlike any other platform, Rollux brings together unadulterated security, swift performance, decentralized operations, and cost-effectiveness. It inherits Bitcoin’s security by employing Syscoin on the base settlement layer, a dual-chain (EVM + UTXO) blockchain project. Syscoin deploys more than 30% of Bitcoin’s security through merge mining, a figure that’s steadily rising. Furthermore, Syscoin’s PoDA, or Proof-of-Data Availability, marks a significant advancement, making it the first Layer 1 with this critical scaling upgrade on the mainnet. This solution is key to harnessing the full potential of scalability offered by rollups.
Rollux will initially be an Optimistic Rollup, eventually integrating ZK-based rollups as Validity-proving technologies mature. In exciting news, Rollux has announced the launch of its mainnet on June 28th, 2023, a move following their successful closed dry-run and valuable feedback from the community on earlier testnet versions.
Omni Network: Connecting All Rollups and Omni Origins Testnet Launch
The Omni Network is a layer 1 blockchain built to connect all rollups. Using Omni, developers can build global applications that are available across all rollups. Secured through restaking $ETH, Omni is next generation blockchain leading the frontier in both security and functionality. Omni is backed by $18M from prominent investors such as Pantera Capital, Two Sigma Ventures and Jump Crypto.
The current rollup ecosystem is missing an essential infrastructure layer and Omni was created to fill this gap. No longer must developers build within the confines of a single rollup and limit their addressable user base. With Omni, developers can build applications across all rollups accessing users from across the entire Ethereum ecosystem.
Omni marked a significant milestone on June 20th, launching its Omni Origins Testnet. Aimed at rigorous testing before mainnet deployment, the initial roll-out is exclusively available to community members part of their Priority Access Program. This launch signifies the first opportunity for the community to experience the Omni infrastructure and applications built on it. As the network grows, expect a flurry of novel features and products to roll out, promising early participants a journey of discovery and innovation.
Revolutionary Art Meets Blockchain: ‘World Flag’ on Art Blocks
‘World Flag,’ an evocative new artwork created by John Gerrard, is presented on Art Blocks, a platform dedicated to bringing compelling works of contemporary generative art to life. This striking piece features 195 national flags as colourful plumes of virtual smoke, each set within a unique, algorithmically-generated desert landscape. Each desert scene is meticulously coded to mimic day and night cycles true to the respective national locale the flag represents.
‘World Flag’ portrays a stark, shared future — a haunting reflection of ongoing political and environmental missteps. It envisions a world where these misgivings have reduced nations to spectral versions of themselves, with their flags symbolizing the fading vestiges of place-based political orders.
In a ground-breaking integration of technology and art, all 195 flags in the series are generated from a single 112 KB script stored on-chain. The use of WebGL protocol allows for these data-rich landscapes to be rendered directly in a web browser, and when distributed via blockchain and viewed on mobile devices, the artwork transcends geographical boundaries, offering a truly global public art experience.
‘World Flag’ draws deeply on contemporary environmental data, with each country’s artwork released in a sequence dictated by the ClimateWatch 2019 greenhouse gas (GHG) emissions index. The countries are ranked from highest to lowest GHG emissions, providing a poignant commentary on environmental responsibility.
The auction of ‘World Flag’ is scheduled to start on June 28th, 2023, at 12:00 PM EDT.
Hoops Meet Blockchain: Puma, Gutter Cat Gang, and LaMelo Ball Launch ‘GutterMelo MB.03’ NFT Sneakers
Puma, Gutter Cat Gang, and NBA player LaMelo Ball have joined forces to introduce the “GutterMelo MB.03” NFT sneaker collection, a groundbreaking collaboration that merges fashion, sports, and blockchain technology. This collection represents a new era for hoops apparel and fashion, as it combines digital and physical elements. Available on June 29th, 2023, buyers will have the opportunity to mint the NFT sneakers on OpenSea, while also receiving a tangible pair of sneakers to wear in real life. By bridging the gap between the digital and physical worlds, this collaboration brings to the forefront the significance of memorabilia in adding meaning and value to items. The fusion of the digital NFT and the physical sneaker taps into the growing allure of unique experiences and digital ownership, creating a comprehensive package that appeals to collectors and enthusiasts alike.
In the fashion industry, NFTs have been gaining prominence, and major brands like Nike and Adidas have already explored their potential. Nike’s launch of a digital sneaker collection on the Web3 platform “Swoosh” achieved remarkable sales, despite initial technology challenges. Likewise, Adidas ventured into the NFT space with its series of NFTs associated with the Into the Metaverse Web3 ecosystem. With the “GutterMelo MB.03” NFT sneaker collection, Puma, Gutter Cat Gang, and LaMelo Ball are at the forefront of this trend, pushing the boundaries of innovation. By embracing web3 technology and digital collectibles, this collaboration not only allows individuals to express their unique style on and off the court but also brings mainstream attention to the potential of web3 technology and its intersection with fashion, sports, and blockchain.
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.
Keep up to date on all the latest from Bounce Finance👇
Website | App | Docs | Telegram | Twitter | Medium | YouTube | Discord | Zealy | LinkeIn
