📨 NEARWEEK ISSUE 170
NEAR
AURORA
gm NEAR,
This week's top highlights revolve around Chain Abstraction and the upcoming Chain Signatures deployment to NEAR Mainnet.
The newsletter also includes highlights such as Valour's launch of the NEAR ETP in Sweden, Gauntlet's House Of Stake governance proposal and amazing insights by Illia Polosukhin and Dean Tribble at their presentations during Chain Abstraction Day on the next phase of Chain Abstraction.
Lastly, you should check out our new section covering everything user-owned AI!
The future of the internet is NEAR.Be safu,
Team NEARWEEK
Psst! Set your reminder for the weekly alpha space here!
ILLIA POLOSUKHIN: THE NEXT PHASE OF CHAIN ABSTRACTION
At EthCC 2024, @ilblackdragon presented advancements in chain abstraction focusing on unified liquidity, advanced smart contracts, and multichain assets. The future of the internet is NEAR. WATCH
VALOUR LAUNCHES NEAR PROTOCOL ETP
@ValourFunds introduces the NEAR Exchange-Traded Product (ETP) on Sweden’s Spotlight Stock Market, providing exposure to NEAR’s $6.8B market cap. READ
THE DEFIANT: NEAR WANTS TO FIX CRYPTO'S AI PROBLEM
At @EthCC 2024, Illia Polosukhin sat down with @DefiantNews to open source, web3, AI, chain abstraction and what's up around NEAR. WATCH
PANTERA CAPITAL: THE EVOLUTION OF NEAR
Since @PanteraCapital 2019 investment, NEAR has thrived with 15 million MAUs, top dapps, and advances in User-Owned AI and Nightshade sharding. Dive into their journey with NEAR in this thread by @veradittakit. READ
GAUNTLETÂ REVEALS HOUSE OF STAKE PROPOSAL
@gauntlet_xyz introduces a governance framework for NEAR designed to boost transparency, accountability, efficiency, and long-term ecosystem growth. READ
CHAIN SIGNATURES GOING LIVE SOON ON NEAR MAINNET
Chain Signatures allow NEAR accounts to sign cross-chain transactions with decentralized MPC network security. Check out our blogpost on 'em! READ
DEAN TRIBBLE: SIMPLIFYING CROSS-CHAIN INTERACTIONS
@DeanTribble of @agoric reveals chain abstraction and integration strategies at Chain Abstraction Day, enhancing cross-chain interactions and user experience. WATCH
CHAIN SIGNATURESÂ THREAD BY STACY MUUR
Users will be able to use any chain with one wallet. Dive into Chain Signatures with @stacy_muur in a power deep dive! READ
THE WEEKLY ALPHA
A thread highlighting some of the most exciting all-but-confirmed updates from projects around the NEAR ecosystem. READ
NEAR AI OFFICE HOURS: FIREWORKS AI
Illia and Alex discuss the latest advancements in AI research and NEAR.AI focus areas, featuring Fireworks AI, a generative AI platform for developers. WATCH
GRAYSCALE LAUNCHES DECENTRALIZED AI FUND
@Grayscale introduces its Decentralized AI Fund with NEAR taking the top spot in token weighting. Fund available to eligible investors. READ
ETHCC 2024: USER-OWNED AI TAKES CENTER STAGE
EthCC 2024 in Brussels saw NEAR Protocol championing user-owned AI, highlighting its innovations and future vision in blockchain technology. READ
TEACHING AI TO BUILD WEB3 APPLICATIONS
NEAR AI focuses on AI creating Web3 apps, pushing user ownership. Learn more about NEAR's AI journey. READ
NEW MOBILE OPTIMIZED MORNING SHOW IS LIVE
Tune into "Wake Up And Ship More" for software development discussions and AMAs. Join us for the maiden voyage. WATCH
THE FUTURE OF CRYPTO-ECONOMIC SECURITY
Exploring Unified Security Layer with u/nufflelabs. Restaked systems, led by @eigenlayer, enhance security but face fragmentation challenges. READ
DEVHUB 15 LIVE WITH ALEX SHEVCHENKO
This week’s episode dives into the latest updates and insights on the new Web3 wallet. Discover @AlexAuroraDev’s in-depth expert analysis. WATCH
FASTNEAR RPC USE CASES CLARIFIED
FAST NEAR offers a free, rate-limited RPC endpoint for small projects and testing. Larger projects should opt for dedicated RPC endpoints. READ
SMALLEST PROXY CONTRACT FOR NEAR BY FAST NEAR
Introducing a minimal NEAR proxy contract under 0.02 NEAR! Perfect for fund separation and managing multi-sig accounts. Explore its use cases. READ
NUFFLE FAST FINALITY LAYER (NFFL): A SOLUTION TO ETHEREUM'S FRAGMENTATION AND FINALITY ISSUES
Discover how NFFL, leveraging EigenLayer security, enhances cross-chain interoperability and could be reducing Ethereum's finality times. READ
RACE OF SLOTHS CONTEST
Earn Sloth Points by retweeting and participating in the Race. Three winners from the July leaderboard will get conference tickets. READ
USEFUL NEAR DEVELOPER RESOURCES
NEAR Developers Telegram Group:Â LINK
NEAR Protocol Docs:Â LINK
NEAR Protocol Github:Â LINK
Data Availability on NEAR:Â LINK
Chain Signatures on NEAR:Â LINK
Jutsu: Full Stack AI Web3 Co Pilot: LINK
Weekly Protocol & Dev Progress:Â LINK
REF FINANCE AND BURROW FINANCE COMMUNITY MERGE
@finance_ref took over @burrow_finance development last year, and after a year of great work, both communities are merging! Join for more updates. READ
ORDERLY NETWORK DEMO CHALLENGE
@OrderlyNetwork launches the Demo Challenge! Create video tutorials for 18 brokers, explore weekly themes, and compete for a $1800 prize pool. READ
TOUR META POOL WITH JOE
@meta_pool, initially built on NEAR Protocol, now spans multiple blockchains. Explore their decentralized governance and staking innovations. READ
REF FINANCE NEW SMART ROUTER
Explore Ref Finance's upgraded swap router designed for lightning-fast transactions with minimal slippage and a 99.5% success rate. READ
$SWEAT MINTING UPDATE: 30% REDUCTION
The DAO vote has approved a 30% reduction in monthly $SWEAT minting. This decision reflects the community's active engagement and feedback. READ
BURROW WEEKLY RECAP
Burrow’s Total Supply and Available Liquidity surged significantly last week. Notably, $ETH made a rare appearance in the supply. READ
REF. FINANCE WEEKLY RECAP
Ref. Finance saw an impressive 8% growth in Total Value Locked (TVL) and a 5% increase in trading volume this week, with key tokens gaining momentum. READProximity Labs supports projects leveraging Chain SignaturesBuilt on NEAR, Chain Signatures is a novel primitive for a whole new suite of cross-chain applications, including native cross-chain RFQ, bridgeless cross-chain lending, and much more. APPLY
IOTEX 2.0 UPGRADE IS HERE
u/iotex_io 2.0 launches with new DePIN modules, enhancing app development. Partnerships with NEAR and others boost data availability and storage. READ
NEARWEEK & MDAO CONTENT HACKATHON
Join the first round of the Content Hackathon for a chance to win from a $3,000 prize pool. Showcase your writing and video production skills in AI, web3, and NEAR. READ
$FAST TOKEN NOW LIVE ON MEXC!
@edgevideoai's $FAST token is now trading on MEXC. Deposits are open, and trading started on 2024-07-16 at 12:00 UTC. READ
AURORA WEEKLY UPDATE
Catch the latest news, insights, and updates from the @auroraisnear community. Discover new projects, upcoming features, and key announcements. WATCH
EDGE VIDEO AI: SHOPPABLE TV BETA TEST IS LIVE
Experience a new way to shop while watching TV! Browse and buy items directly from favorite shows instantly with shoppable TV. Try the beta test now.
HOT: CRYPTO WORLD BASICS GUIDES SERIES
HOT Wallet launches an educational series for crypto newbies! This first video covers blockchain, smart contracts, mining, and other updates. WATCH
NEARÂ MEME ECOSYSTEM HEATS UP
With the rise of memecoins (now with a $46.5bn market cap), NEAR's ecosystem is booming, especially ThunderHoodLab and MemeDotCooking. READ
NEAR SETS NEW MILESTONES
NEAR latest stats showcase impressive transaction volumes and user growth. Discover the remarkable developments and future plans for NEAR. READ
Dive into the Open Web! IN OTHER NEWS proudly collates an assortment of hand-picked headlines from around Web3, just for you.
ONCHAIN INSIGHTS ON ETH ETF EXPECTATIONS
ETH ETFs launch next week. Estimates: Bitwise $15B in 18 months, Galaxy $1B/month, Grayscale $3.5-$4B in 4 months. Expect 25%-33% of BTC ETF volume. READ
CHAINALYSIS LAUNCHES OPERATION SPINCASTER
Chainalysis launches Operation Spincaster to combat “approval phishing” scams in crypto, addressing $2.7 billion in losses since May 2021. READ
TOP REVENUE GENERATING PROTOCOLS IN 2024
Protocols earn from transaction, staking, and borrowing fees. Check the YTD revenue report on their business models and profitability at OnChain Times. READ
FTX AND CFTC SETTLE FOR $12.7 BILLION
Both parties have agreed to a $12.7 billion settlement, including $8.7 billion in restitution and $4 billion in disgorgement, pending court approval. READ
NEARWEEK & MDAO CONTENT HACKATHON
Showcase your writing and video production skills in AI, web3, and NEAR. APPLY
WANT TO LEARN MORE ABOUT NEAR?
Dive into the ecosystem with the (L)EARN TODAY Campaign by LEARN NEAR CLUB, right HERE!
UPCOMING NEAR PROTOCOL RELATED EVENTS
Nov 9-11: [REDACTED] BANGKOK
Nov 12-15: DEVCON 2024
Running a local NEAR event? Please register as a host HERE!
