Bounce Weekly Newsletter 6/30
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 Updates: $AUCTION Utilities, Rollux Integration, New Auction Types, Real-World Collectible Auctions
Bounce Finance has exciting plans to expand the utilities of our native token, $AUCTION, bringing more benefits to $AUCTION holders. Additionally, the Bounce team is developing a loyalty program to reward and motivate Bounce users who actively participate in activities on our app, as well as an ambassador program to recognize community members who introduce Bounce Finance to new audiences. The invaluable feedback from the remarkable Bounce community is greatly appreciated, and everyone is encouraged to share their suggestions on potential $AUCTION utilities and contribute thoughts on the design of the loyalty and ambassador programs.
Meanwhile, Bounce Finance announced its support for Rollux, an innovative EVM Layer-2 solution built by SYS Labs that was officially launched on June 28th. This integration empowers Bounce users to create and participate in decentralized auctions on Rollux mainnet through the Bounce app. Rollux redefines the trilemma by achieving fastest speeds or highest throughput at scale, an affordable user experience with the lowest transaction fees, and robust security as the only major rollup solution based on merged mining with Bitcoin. This exciting partnership between Bounce Finance and Rollux elevates the on-chain auction experience for Bounce users and expands the scope of DeFi activities for the Rollux community.
Continuing the commitment to innovation, Bounce Finance is expanding its Auction as a Service offerings with the introduction of new auction types, such as the Dutch auction, following the successful launch of the English Auction for NFTs. Furthermore, an exciting new feature is in development, enabling Launchpad projects to effortlessly create and preview their personalized Launchpad pages by simply providing their information.
Last but not least, we’re getting closer and closer to the highly anticipated launch of the Real-World Collectible Auction. Partnering with FOUNDO, a web3-native luxury accessories brand, Bounce Finance will auction a captivating diamond necklace shaped like an angel’s hand holding a diamond, as well as more tangible items such as t-shirts and accessories. Stay tuned!
TypeIt’s Milestones: IDO Triumph and Anticipated IEO
TypeIt, the first-ever Web3 mobile keyboard built on BNB Chain, launched their Initial DEX Offering (IDO) on Bounce Finance, selling their governance token $TYPE. The IDO, which commenced on June 28th at 3PM UTC, featured a Fixed-Price Auction format consisting of a whitelist round (0.04 USDT per $TYPE) and a public round (0.05 USDT per $TYPE). Astoundingly, both rounds were completely sold out within a mere 10 minutes, achieving an incredible milestone of raising $100K.
Following the successful IDO on Bounce Launchpad,TypeIt is now embarking on their Initial Exchange Offering (IEO) on Bitget Launchpad. The allocation amount for each participant will be determined based on their BGB holdings during the holding calculation period from June 30, 00:00 AM to July 5, 00:00 AM (UTC+8). The IEO will offer 20,000,000 TYPE tokens, equivalent to 2% of the total supply, at an exchange rate of 0.05 USDT per $TYPE.
Introducing the ZK Stack: Empowering Sovereign ZK-Powered Hyperchains
On June 26th, zkSync unveiled The ZK Stack, a modular framework that revolutionizes the creation of sovereign ZK-powered chains. With fully permissive open-source licenses, the ZK Stack is freely available for utilization and contribution. Its composable nature allows Hyperchains to seamlessly connect in a trustless network, offering low latency and shared liquidity. This battle-tested solution based on zkSync Era ensures security and reliability, making it a future-proof choice for Ethereum scaling.
The ZK Stack represents a groundbreaking response to the challenges outlined in the ZK Credo. As there are currently no solutions that meet the required properties, the zkSync team took the initiative to create this open-source framework for the community. Providing modularity and customization, the ZK Stack enables the construction of ZK-powered L2s and L3s, known as Hyperchains, while preserving code sovereignty. Interconnected through a network of Hyperbridges, these Hyperchains achieve trustless interoperability within minutes at the cost of a single transaction.
While zkSync Era serves as the pioneering Hyperchain, the ZK Stack represents a paradigm shift for the zkSync core team. Their focus now lies in fostering community involvement and contribution to the ZK Stack, expanding the network of Hyperchains and empowering the community as the true owners of the zkSync network. While the ZK Stack may not be suitable for every project, it offers tailored customization and asynchronous connectivity options, catering to specific use cases such as lightweight sequencers for games, low-latency sequencing for exchanges, private chains for banks, and cost-effective networks of interconnected applications.
Aurora Labs Introduces Borealis Business: Transforming Transaction Fees Management for Web3 Businesses
Aurora Labs launched Borealis Business, a game-changing service aimed at addressing the complex challenges of transaction fees faced by Web3 businesses. With Borealis Business, Aurora offers a seamless solution that eliminates the complexities of transaction costs for users while empowering businesses to explore new models within the Web3 ecosystem. This innovative service revolutionizes transaction cost management and enhances accessibility for businesses venturing into the Web3 market.
Borealis Business, available through Aurora Cloud, provides businesses with efficient transaction processing and accounting services while maintaining full control over costs. The Rule Engine at the core of Borealis Business enables businesses to transfer transaction costs to third parties, such as decentralized applications (dApps), ensuring a frictionless user experience. Traditional businesses can now navigate the intricate layers between users and platforms with ease, benefiting from Aurora’s groundbreaking solution.
With Borealis Business, businesses can enjoy a user-friendly experience by providing seamless transactions without burdening users with transaction costs. The service offers customization and flexibility, allowing businesses to tailor their deals according to their specific needs. Whether integrating free transactions into their models or creating special plans for marketing and product campaigns, Borealis Business empowers businesses to efficiently manage transaction costs and hide fee complexities from their users. By utilizing a relaying architecture and the Rule Engine, companies can allocate transaction costs to specific parties and establish customer deals based on predefined rules, bringing a new level of control and accessibility to Web3 transactions.
Sotheby’s Introduces On-Chain Generative Art Program Powered by Art Blocks Engine
Sotheby’s, the renowned art auction house, will launch an exciting generative art program this summer, putting the spotlight on talented artists in the digital art field through fully on-chain sales. The Gen Art Program, commencing on July 26, will feature two to three exceptional generative artists each year. The inaugural sale will pay tribute to the pioneering Vera Molnar, widely regarded as the first female digital artist.
Powered by the Art Blocks Engine, a white-label generative minting infrastructure solution, the Gen Art Program will mark a historic milestone for Sotheby’s, as the sales will be conducted via a Dutch auction format for the very first time in the auction house’s 300-year history. Bids will start at 20 ETH, gradually decreasing until the item is purchased with a single bid. Notably, all pricing will be in ETH, a nod to Sotheby’s “crypto-native collectors.” Join Sotheby’s in celebrating the forefront of digital expression with this innovative program and discover the captivating world of generative art.
The key highlights of the Gen Art program:
- Highly Curated Long-Form Series
- Elevated Presentation & Educational Program
- Physical Exhibitions and IRL Events
- Inaugurated with Vera Molnàr
Warner Music and Polygon Labs Launch Blockchain Music Accelerator
Warner Music Group and Polygon Labs have joined forces to introduce an exciting new music accelerator program aimed at supporting projects that intersect music and blockchain technology. This initiative provides funding, marketing support, and various resources to advance decentralized music-related applications and projects built on the Polygon network.
The accelerator program seeks out projects that explore innovative mechanisms for decentralized music distribution, foster artist-fan communities, develop on-chain ticketing solutions, and delve into music-related collectible merchandise. Ideally, these projects will leverage the Polygon blockchain to maximize their potential. Rolling applications are now being accepted, and successful projects will receive funding from both Warner Music and Polygon Labs, as well as mentorship, strategic advising, and assistance with marketing and promotion.
Warner Music’s dedication to enabling artists and songwriters to thrive in the evolving music landscape is further demonstrated by their partnerships and pilot programs with blockchain-native companies, including LGND Music, OpenSea, and The Sandbox. With Warner Music’s Chief Digital Officer, Oana Ruxandra, emphasizing the importance of community-building and monetization, and the company’s CEO, Robert Kyncl, emphasizing the significance of new technology initiatives, this collaboration with Polygon Labs signals a strong commitment to embracing cutting-edge technologies in the music industry.
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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