ERC-4337 is expected to be a catalyst for new users to adopt Web3 and pave the way for more cryptographic advancements and innovations.

Article: https://bchat.io/news/98360?share_id=6904

#Binance #ETH #Web3 #nftcommunity

3️⃣ Blur paid a huge cost of millions of dollars to incentivize liquidity, and the BLUR token is nothing more than a Meme token. While Blur surpasses OpenSea in transaction volume, the latter still dominates in terms of organic usage. Blur’s activity is dominated by a handful of wealthy airdrop hunters, while the broader “ordinary” market remains on OpenSea. #Binance #Blur #OpenSea #NFT

2️⃣ The second step of Blur’s market strategy: free airdrops. The airdrops are designed around a “loyalty points” system, which encourages whale mercenaries to take actual risks and invest millions of dollars in bids to create liquidity for the Blur market. Blur’s liquidity incentive design, while successful so far, is not without risks. If the NFT market goes into trouble, this could result in a flurry of bids being accepted, causing the market to fall further as airdrop hunters realize the risks of providing funding > the benefits of Blur loyalty points. #Binance #Blur #OpenSea #NFT

1️⃣ Blur targets a small group of speculative NFT traders by offering a frictionless, royalty-free, zero-transaction-fee marketplace. OpenSea's initial positioning attempts to side with creators and leverage its market dominance to push traders to list only to OpenSea buyers, forcing creators to choose between earning royalties on OpenSea or Blur. However, Blur cleverly leveraged OpenSea’s Seaport protocol and built its marketplace on top of it. From a user perspective, "restricted" collectibles are once again tradable on Blur. From a creator’s perspective, they no longer have to choose – they get full royalties from OpenSea and Blur. #Blur

A 10,000-word long article: Web3 tutorial for beginners—from entry to mastery
I will tell you how to enter the Web3 world from 0 to 1 and then to N with the correct attitude from three parts: "Cognition", "Practice" and "Experience": https://mirror.xyz/wheart. eth/XccYBJ2OeSEmcrGvtD75x6c1DRWkzbTElzRZZpqEsOE
#Binance #Web3 #crypto2023 #ETH #NFT

"Seven Deadly Sins of Chain Games" is a summary of my previous participation and research on GameFi projects. The problems raised in it are also "common problems" in all current projects.
When you find a problem, you should face it head-on and solve it. You should not lie down or ignore it. https://mirror.xyz/wheart.eth/66GkoR9fbbq6DzGgtxSIBK6qgCCpnW0QCmUGZmb5fnc
#Binance #GameFi #Web3 #crypto2023

Don’t believe what most people say about cow return
At this stage, apparently good news is bad news, and bad news is good news, at least at this stage.
1. Interest rates are raised and the balance sheet is reduced, and there is no clear change in the direction of the world economy.
2. The risk market is not taken seriously, and external funds do not continue to flow in.
3. Overall liquidity has not increased significantly
4. No new concepts have been proposed, and no groundbreaking innovation has occurred in old projects.
Before
The cow will not come alive#Binance #Web3 #ETH #BTC #crypto2023

If you want to lose less money in Web3, you must first understand two things:

1⃣ Be careful when too many people on Twitter agree on something.

2⃣Those with the strongest opinions often have the most relevant assets – be skeptical of their opinions.
#Binance #Web3 #ETH #NFT

3️⃣ The two core features of Treasure DAO are: 1) It differentiates itself from other games through liquidity innovation and attracts players through currency issuance and APY. On the one hand, users need to spend time to obtain MAGIC; on the other hand, the characteristics of MAGIC’s half-life will make it become Scarcity; 2) As the ecosystem becomes richer and players have a deeper bond with TreasureDAO, the influx of Web3 users in the future will also increase their demands for vertical games. #Binance #ETH #Arbitrum #nft

2️⃣ Treasure DAO implements a decentralized game ecosystem that brings games and players together: 1) The universal currency MAGIC can realize cross-game play experience; 2) In terms of infrastructure layer, there are three carriages, including Trove Realizing NFT transactions, Bridgeworld serves as a resource coordination game that integrates many DeFi gameplay and DEX MagicSwap, which currently supports two trading pairs: MAGIC/Gfly and MAGIC/ELM; 3) Ecology: Currently, it has more than ten different types of games, and its phenomenal products are The Beacon. #Binance #ETH #Arbitrum #nft

Detailed explanation of Arbitrum chain game ecosystem TreasureDAO: What are its characteristics and strategies?

1️⃣ Due to the large maturity gap between Web3 and Web2 games, most players are profit-driven (P2E) rather than fun-driven. And many GameFi projects actually use game shells to do DeFi, and attract traffic by increasing the annualized rate of return. However, as long as they encounter games with higher rate of return, users will lose, and the traffic stickiness is very low.

#Binance #ETH #Arbitrum #nft

6️⃣ The Securities and Futures Commission proposes to remove the provisions regarding "security tokens" from the "Terms and Conditions of Virtual Asset Trading Platforms" and incorporate them into the "Guidelines for Virtual Asset Trading Platforms";

7️⃣ If the relevant virtual assets are sold to retail customers, the previous practice will be followed, that is, the licensed platform operator should seek approval from the Securities and Futures Commission in advance for the relevant plan before including the relevant virtual assets for trading;

8️⃣ The Securities and Futures Commission proposes to establish a 12-month transition period. Virtual asset trading platforms must be original platforms and have been operating in Hong Kong and establishing meaningful and substantive business before June 1, 2023, in order to be eligible to participate in the transition arrangement . #Binance #ETH #nft

4️⃣ The SFC also lists general inclusion criteria that platform operators should consider when including virtual assets for trading. In addition, licensed platform operators who intend to provide virtual assets to retail customers should also ensure that the selected virtual assets are legal. Qualified large-scale virtual assets;

5️⃣ According to the current system under the Securities and Futures Ordinance, licensed platform operators are not allowed to sell, trade or deal in virtual asset futures contracts or related derivatives. As the industry becomes increasingly interested in selling virtual asset derivatives, the SFC hopes to have a clearer understanding of the business model that licensed platform operators may first adopt, the types of virtual asset derivatives sold, and the market demand;

#Binance #ETH

Quick reading of the Hong Kong Securities and Futures Commission’s “Guidelines on Virtual Asset Trading Platforms”

The Securities and Futures Commission of Hong Kong today launched a consultation on the proposed regulations applicable to operators of virtual asset trading platforms. In the consultation document of nearly 200,000 words, the main proposed regulatory provisions applicable to licensed virtual asset trading platform operators as well as transition arrangements and other implementation details of the new system are set out:

1️⃣ Virtual asset trading platforms licensed by the Securities and Futures Commission must comply with the "Guidelines for Virtual Asset Trading Platforms";

2️⃣ The Securities and Futures Commission will delete the corresponding licensing conditions from the licenses of existing licensed platform operators under the Securities and Futures Ordinance;

3️⃣ The Securities and Futures Commission recommends that all types of investors (including retail investors) be allowed to use trading services provided by licensed virtual asset trading platform operators, provided that the relevant platforms comply with relevant appropriate investor protection measures and provide services based on the user’s personal financial situation.

2️⃣Summary of the user services provided by Blur: 1) Deep liquidity through "risk" airdrop incentives; 2) The option of not paying royalties; 3) The fastest NFT sweep /snipe function; 4) Zero market fees. These combine to deliver a premium user experience and soaring transaction volumes.

3️⃣ Blur performs a large number of high-value transactions, with the average NFT selling for $1,365, compared to $351 for OpenSea. However, OpenSea managed to retain a large portion of traders. Blur's dealer market share reaches just 30%.

#Binance #ETH #NFT #blur

Blur has surpassed Opensea to become the largest NFT market, reviewing its road to seizing the market

1️⃣ Blur achieved a 53% market share within a few months of its launch, surpassing Opensea to become the largest NFT market. The biggest reason for Blur’s increase in market share is the $BLUR airdrop. The airdrop distribution model operates based on a points system. Each order is assigned a "risk" score, which rewards higher bids and lower ask prices via airdrops. This mechanism incentivizes liquidity to fill Blur’s liquidity pool order book. #Binance #ETH #NFT #Blur

3️⃣ UNI has not further developed its added value, resulting in the original territory being eaten up by imitators; in 2022, it has become a common phenomenon that the contract trading volume in leading exchanges far exceeds the spot trading volume, and spot trading has also emerged as a free trend. For CEX, spot has become more of a means to acquire and maintain active customers, which makes it more difficult for DEXs such as Uniswap to obtain pricing power.

4️⃣ If UNI can successfully start sharing, under optimistic circumstances, the protocol revenue will still be small, the valuation is not low, and it is not enough to cover team expenses: Uniswap’s current year’s fee income is estimated to be US$434 million. Even with a best-case scenario of 10% on all trading pairs, the protocol would only generate $43 million in revenue.
#CEX #Binance #UNI #DEX

Uniswap Profitability Analysis: Is the “money” future of spot DEX worrying?
1️⃣ UNI has been widely criticized as a representative of “meaningless governance tokens”. The actual matter is far from being as simple as turning on the fee switch and using the income for distribution or repurchase. Even as the leader of spot DEX, Uniswap’s moat is far from as wide as imagined, and its profit potential is worrying
2️⃣ The connection between DEX and users is weak and the moat is shallow: Using DEX to trade spot means that funds are stored on the platform, and in the process, connection and trust will continue to be generated with the platform. While DEX only works in the transaction part, connection and trust are accumulated in Ethereum. Therefore, CEX and L1 are on the same level, and spot DEX can only benchmark one block in CEX. In addition, even in the ETH ecosystem, it faces fierce competition

3️⃣ Technology tree theory: I believe that certain technologies are prerequisites for other technologies. If we can foresee the arrival of certain technologies that can alleviate or introduce design constraints, how will this change our design? If we have specific goals or specific constraints, what technology do we need? Technology will alleviate these constraints and make these goals possible again through new mechanisms.
#Binance #ETH #crypto2023 #BTC

2️⃣ Common pitfalls: 1. Overemphasis on tokens. A token is a tool that mediates consistency among participants in the system. If the system completely fails when you remove tokens entirely, then you may be overemphasizing the role of tokens. 2. There is no limit to the design space. Two questions are helpful in limiting the design space: What is the powerful concept you want to establish? What is the biggest weakness of this design? 3. Always let the community know the truth. You can't predict what the community will do, and you shouldn't expect them to fix the most obvious problems with your system.
#Binance #ETH #NFT #crypto2023