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- Web3 game development company QORPO highlights significant shortcomings in the play-to-earn space and emphasizes a drastic change needed to create games with sustainable tokenomics and user retention. The play-to-earn model has inherently high entry costs and often lacks engaging gameplay elements, leading to user disappointment. Furthermore, games that rely on NFT sales face issues with insufficient traction and continuous collectible release pressure. These games often struggle to balance between attracting new players and maintaining rewards for existing users. QORPO Game Studio advocates for multiple revenue streams, quality gameplay experiences, and diversified game offerings as potential solutions to address these challenges in Web3 gaming.
- Decentralized exchange protocol PancakeSwap #v3 has launched on the #Ethereum Layer2 scaling network Linea, supported by Consensys, and will continue its multi-chain expansion. PancakeSwap states that Linea will help users reduce gas fees, speed up transactions, and increase capital efficiency. Currently, PancakeSwap offers exchange and liquidity supply functions on Linea, with plans to introduce its farming features to Linea in the coming months. Initially built on #BNB Chain, #PancakeSwap now also supports Ethereum, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum One.
According to Fortune report, the non-fungible token (NFT) market has experienced a significant downturn, with monthly sales decreasing from approximately $6 billion in January 2022 to just under $500 million in July 2023, according to CryptoSlam. This situation is leaving startups that raised millions during the NFT boom struggling to stay afloat.
One such example is RECUR, a firm that hosted #NFTs for corporate brands such as Hello Kitty, Paramount Pictures, and Nickelodeon. The company raised $5 million in seed funding in March 2021 and an additional $50 million later that year at a $333 million valuation. However, RECUR recently announced it would wind down operations permanently in November.
$CAKE $BNB $ETH
- Decentralized exchange protocol PancakeSwap #v3 has launched on the #Ethereum Layer2 scaling network Linea, supported by Consensys, and will continue its multi-chain expansion. PancakeSwap states that Linea will help users reduce gas fees, speed up transactions, and increase capital efficiency. Currently, PancakeSwap offers exchange and liquidity supply functions on Linea, with plans to introduce its farming features to Linea in the coming months. Initially built on #BNB Chain, #PancakeSwap now also supports Ethereum, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum One.
According to Fortune report, the non-fungible token (NFT) market has experienced a significant downturn, with monthly sales decreasing from approximately $6 billion in January 2022 to just under $500 million in July 2023, according to CryptoSlam. This situation is leaving startups that raised millions during the NFT boom struggling to stay afloat.
One such example is RECUR, a firm that hosted #NFTs for corporate brands such as Hello Kitty, Paramount Pictures, and Nickelodeon. The company raised $5 million in seed funding in March 2021 and an additional $50 million later that year at a $333 million valuation. However, RECUR recently announced it would wind down operations permanently in November.
$CAKE $BNB $ETH
On-chain liquidity and derivatives trading protocol Synthetix has deployed version 3 (v3) on the Ethereum mainnet. 🔥🔥🔥
#syntheticassets #synthetix #v3 #ethereum #mainnet
#syntheticassets #synthetix #v3 #ethereum #mainnet
Uniswap V3 Protocol Now Available For Forking As BSL License Expires
In exciting news for developers within the DeFi ecosystem, the Business Source License (BSL) for Uniswap v3 protocol expired on April 1, allowing forking of the protocol. This development has been much-anticipated, as it enables developers to deploy their own decentralized exchange (DEX) using the Uniswap v3 protocol.
Uniswap v3 has been under the BUSL license until the Change Date, which was previously set to April 1, 2023. However, Uniswap Governance has the power to specify exceptions to the license via Additional Use Grants, which can allow v3 to be deployed on new chains. Developers can follow the Uniswap Governance process to request a DAO vote for exceptions to the license or to move up the Change Date.
Modifications to the Change Date must be enacted via the ENS domain uniswap.eth, which is controlled by Uniswap Governance. This means that Governance has the power to associate arbitrary text with any subdomain of the form X.uniswap.eth.
Proposals are submitted via GovernorBravoDelegator, a proxy contract currently pointing to the implementation at 0x53a328F4086d7C0F1Fa19e594c9b842125263026. NPM packages for consuming the governance contract ABIs and details on previous versions are available on the Uniswap website.
The expiration of the BSL license for Uniswap v3 has been met with enthusiasm by the DeFi community, particularly given the recent announcement that Uniswap has officially gone live on the BNB Chain. This development came after more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs to deploy the protocol on the BNB Chain.
#Uniswap #UNI #v3 #crypto2023 #azcoinnews
This article was republished from azcoinnews.com
Uniswap v3 has been under the BUSL license until the Change Date, which was previously set to April 1, 2023. However, Uniswap Governance has the power to specify exceptions to the license via Additional Use Grants, which can allow v3 to be deployed on new chains. Developers can follow the Uniswap Governance process to request a DAO vote for exceptions to the license or to move up the Change Date.
Modifications to the Change Date must be enacted via the ENS domain uniswap.eth, which is controlled by Uniswap Governance. This means that Governance has the power to associate arbitrary text with any subdomain of the form X.uniswap.eth.
Proposals are submitted via GovernorBravoDelegator, a proxy contract currently pointing to the implementation at 0x53a328F4086d7C0F1Fa19e594c9b842125263026. NPM packages for consuming the governance contract ABIs and details on previous versions are available on the Uniswap website.
The expiration of the BSL license for Uniswap v3 has been met with enthusiasm by the DeFi community, particularly given the recent announcement that Uniswap has officially gone live on the BNB Chain. This development came after more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs to deploy the protocol on the BNB Chain.
#Uniswap #UNI #v3 #crypto2023 #azcoinnews
This article was republished from azcoinnews.com
