Volume 7

AdamMetaverse, a pseudonymous crypto investor, surprised CryptoPunk collectors this week with the purchase of CryptoPunk #3609, an NFT from the Zombie Punk series. The Punk changed hands for a staggering 420 ETH, estimated at roughly $684,000 at the time of purchase.

The purchase of CryptoPunk #3609 is considered a noteworthy event in the NFT space and signifies the historical importance of these digital collectibles.

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Nicknamed “proto-danksharding” after its inventor Dankrad Feist, EIP-4844 is an Ethereum Improvement Proposal designed to drastically drop service fees (aka “gas”) and improve the throughput capabilities of the Ethereum mainnet.

Once implemented, proto-danksharding will work like this: Rather than trading traditional blocks of data, Ethereum will sell "blobs"— temporary and manageable portions of transaction data that are faster and easier to process.

Why do blobs matter for NFTs? Many are optimistic that EIP-4844 will increase Ethereum’s throughput, potentially close to the 1,000 transactions-per-second mark.

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In an exciting collaboration, The Open Network (TON) Foundation has started working with the popular messaging platform Telegram, signaling a major boost for web3 adoption.

The partnership kicks off with the integration of TON Space, a new self-custodial crypto wallet within the Telegram app, accessible immediately to the messaging service’s 800 million active users. Telegram users can now access TON Space directly from the app's menu, putting digital ownership firmly in the hands of the users.

Checks, a viral NFT project that began as an $8 open edition drop in January 2023, has announced its newest iteration: Checks profile pictures (PFPs). The freely-claimable PFPs were airdropped on September 14 and are still claimable on the Checks website for Checks token holders.

Checks PFPs are semi-soulbound, meaning when the Check moves, the PFPs can be reclaimed by the new owner. To execute the drop, the Checks team introduced a custom ERC-721 extension aptly named "Mirrored721." The magic happens through a straightforward yet powerful "mirror" function that identifies the current owners of both the Check and PFP tokens.

Nakamigos-CLOAKS, the highly anticipated collection that will offer holders global gaming and commercial rights, is set to make a splash in the NFT world. With a release date just around the corner, here's all the information you need to know about this exciting project.

This series includes 20,000 unique characters of varying rarity and is categorized into three distinct types: Warriors, Knights, and Archers.

Coinbase's layer-2 network, Base, has achieved a major milestone by recording nearly 2 million daily transactions in just its second month of existence since its launch on August 9, 2023.

Data from the blockchain explorer BaseScan revealed that on September 14, Base Network processed a staggering 1.88 million transactions, surpassing its initial record of 1.41 million on August 21.

Circle, the issuer of the USDC stablecoin, has introduced the native version of USDC to the Polkadot, an interoperability network known for its ability to connect various appchains.

The dollar-backed stablecoin can now be transferred to app chains within the Polkadot ecosystem via a distribution system known as the Polkadot Asset Hub and the XCM protocol, a consensus framework that enables communication between chains. As a result, several Polkadot-based projects have chosen USDC as their flagship stablecoin.

On Wednesday, September 20th, the NFT community celebrated International NFT Day. While this is only the second year the NFT community has gathered to recognize September 20th as International NFT Day, its history dates back half a decade to 2017.

Interested in learning more about Base chain? Ready for a dive deep into blockchain forks? Excited to hear about the evolving world of luxury NFTs? We’ve got you covered with our Learn Center articles this week.