In this recap of the crypto world, let us explore the events and news that had the most significant impact in the past week. Our focus will be on the following developments:
● VeeFriends x MoonBug
● MapleStory x Avalanche
● Ethereum’s Dencun Upgrade
● Magic Eden Launches Diamond Claims for Ethereum OGs
● Tensor Foundation and $TNSR
VeeFriends x MoonBug
Moonbug Entertainment, a subsidiary of Candle Media, has made a groundbreaking announcement that is sure to captivate audiences of all ages. Teaming up with VaynerWatt, they are set to produce premium animated content based on the beloved VeeFriends universe. This strategic collaboration marks an important milestone in the expansion of the VeeFriends brand.
The forthcoming 2D-animated series, titled “VeeFriends,” is tailored for children aged 6-11 and their families. Set within the enchanting VeeFriends universe, the show will invite viewers to immerse themselves in the adventures of its endearing characters as they navigate the VeeDome, an exhilarating challenge arena.
Scheduled for release on YouTube in late Summer 2024, the series will consist of three-minute shorts. In essence, by offering engaging content that promotes interactive viewing experiences, this partnership aims to strengthen family connections and spark imaginative conversations.
It is important to highlight that this partnership signifies a pivotal moment in the evolution of VeeFriends as a modern entertainment franchise. Through storytelling and animation, the brand endeavors to inspire creativity, self-discovery, and personal growth among its audience worldwide. Read more on this here.
MapleStory x Avalanche
In a groundbreaking move, MapleStory Universe, the Web3 initiative spearheaded by Nexon Group’s renowned gaming IP, MapleStory, has unveiled a strategic alliance with Avalanche. This bold collaboration heralds a new era in gaming, promising players an unprecedented level of interactivity and ownership experiences within the MapleStory ecosystem.
At the core of this partnership lies the utilization of Avalanche’s advanced ‘Subnet’ technology, which will serve as the backbone of MapleStory Universe’s operations. By integrating with Avalanche’s cloud network, MapleStory Universe will seamlessly leverage the blockchain’s capabilities without the need for external application partners, streamlining processes and enhancing user experience.
Ed Chang, the Head of Gaming at Ava Labs, expressed enthusiasm for the partnership, mentioning MapleStory Universe’s forward-thinking vision and its potential to drive widespread adoption of blockchain technology within the gaming community. He emphasized the significance of this collaboration in the rapidly evolving landscape of Web3, recognizing the Nexon team’s ability to attract millions of users to the blockchain ecosystem over the long term.
All in all, this strategic partnership represents a noteworthy achievement in combining blockchain technology with scalability, stability, and enduring sustainability. Read more on this here.
Ethereum’s Dencun Upgrade
The recent implementation of the Dencan Upgrade on March 13th marks a significant milestone in addressing the scalability challenges faced by the Ethereum Network. This upgrade initiates the “The Surge” era, prioritizing scalability to manage gas fees amidst the bull market and the price of ETH soaring to new ATH.
A central concern addressed by the Dencan Upgrade is the mitigation of excessive gas fees, particularly through the implementation of nine Ethereum Improvement Proposals (EIPs). Notably, EIP-4844, dubbed proto-danksharding, introduces a novel concept of temporary storage space known as “data blobs” for Layer 2 networks. These data blobs expand the data availability capacity of the Ethereum mainnet, enabling L2 rollups to submit data more efficiently.
Consequently, this facilitates a significant reduction in gas fees for L2 transactions, effectively incentivizing the widespread adoption of these secondary scaling solutions. In other words, Dencun will make it really cheap to use L2 for transactions, to the point that most activity will move to these networks. Read more on this here.
Magic Eden Launches Diamond Claims for Ethereum OGs
For Ethereum OGs, the wait is finally over as they can now stake their claim to Diamond rewards on the Magic Eden platform. These rewards serve as a testament to the platform’s commitment to recognizing and rewarding early adopters of Ethereum, offering them a chance to reap the benefits of their longstanding involvement in the NFT space.
As per the announcement, Ethereum OGs are eligible to begin their journey on Magic Eden and receive Diamonds for activities dating back to 2017. The quantity of Diamonds available for claim is determined by a variety of factors, including the timing and location of the user’s activity, with additional weight assigned to royalties.
These rewards not only serve as a token of appreciation but also form an integral part of Magic Eden’s broader incentivization strategy to attract users to its marketplace. And with a range of enticing features and unparalleled rewards, the platform presents an attractive proposition for NFT enthusiasts and collectors alike.
Tensor Foundation and $TNSR
Tensor, a pioneering force in the NFT space, has made waves with its recent announcement unveiling the Tensor Foundation and its forthcoming governance token, $TNSR. With aspirations to revolutionize the future of NFT trading, Tensor is positioning $TNSR at the forefront of this transformative journey.
In the wake of this announcement, Tensor asserts that NFT trading stands on the cusp of a transformative paradigm shift, with $TNSR poised to spearhead this unprecedented revolution. Governed by the proven protocols engineered by Tensor, which have already facilitated over $2 billion in Solana NFT trades, $TNSR emerges as a beacon of decentralization within the emerging Tensor Foundation.
Central to Tensor’s vision is the establishment of a dynamic governance model that empowers stakeholders and fosters inclusivity within the NFT community. At the heart of this model lies the Tensor Foundation, tasked with stewarding critical trading infrastructures while nurturing an ecosystem packed with creativity and innovation.
In terms of token distribution, there is a lot of speculation going around for a future airdrop, fueling excitement among enthusiasts and investors alike. However, Tensor has not confirmed any news related to the airdrop yet. Read more on this here.
