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:
● Metaplex Core: A New Solana NFT Standard
● Polygon’s zkEVM Experiences Downtime
● Azuki Announces Collaboration with AnimeChain
● Epic Games Store Welcomes Wilder World
● SBF Sentenced to 25 Years in Prison
Metaplex Core: A New Solana NFT Standard
In the fast-paced world of blockchain technology, innovation is the name of the game. With the arrival of Metaplex Core, Solana’s vibrant ecosystem is on the brink of a paradigm shift in the world of NFTs. Scheduled for launch in early April, Metaplex Core is poised to redefine the landscape of digital asset creation and management, offering a host of features designed to streamline processes and reduce costs for developers and creators alike.
The Metaplex Core revolutionizes the NFT landscape by addressing key challenges and offering a range of functionalities:
- Cost Efficiency Redefined: Metaplex Core slashes NFT minting costs, democratizing creation.
- Streamlined Developer Experience: A Simplified development process enhances efficiency and scalability.
- Effortless Collection Management: Intuitive interface streamlines collection management, reducing costs.
- Unlocking Possibilities with Advanced Plugins: Advanced plugin options empower developers to innovate and drive adoption.
Looking ahead, the Metaplex Foundation has made a bold commitment to community-led governance and sustainability. By reinvesting 50% of all-time fees generated by the Metaplex protocol into the Metaplex DAO treasury via the $MPLX token, the foundation ensures that the community has a say in directing funds toward initiatives that drive further adoption and innovation. Read more on this here.
Polygon’s zkEVM Experiences Downtime
Polygon, renowned for its contributions to Ethereum’s scalability solutions, recently found itself in the spotlight for an unexpected reason. The platform’s zkEVM, a crucial component of its scaling infrastructure, experienced a temporary downtime, sparking concern and curiosity within the crypto community.
The root cause of the issue stemmed from a glitch in the blockchain sequencer, a vital element responsible for sequencing transactions before they are batched and processed. This hiccup led to a temporary halt in zkEVM’s operations, catching users and developers off guard and prompting them to seek answers and anticipate a swift resolution.
The incident did not go unnoticed, with numerous voices within the crypto space taking to social media platforms to express their concerns about the lack of communication surrounding the downtime. Industry figures, renowned for their insights and perspectives, joined the conversation, highlighting the importance of transparency and timely updates in such situations.
However, Polygon was quick to address the community’s concerns, taking to social media to provide clarification on the issue. The platform assured users that while the glitch impacted zkEVM, it did not affect other networks or services developed using its Chain Development Kit (CDK). Read more on this here.
Azuki Announces Collaboration with AnimeChain
In a world where anime fandom transcends borders and cultures, the convergence of blockchain technology and anime has sparked a revolution. Enter AnimeChain, a groundbreaking collaboration between Arbitrum, Azuki, and the Weeb3 Foundation, poised to reshape the landscape of anime engagement and monetization.
AnimeChain emerges as a beacon of innovation in response to the exponential growth of the global anime market, projected to reach a staggering $60 billion by 2030. With this unprecedented demand for new avenues of interaction and revenue generation, AnimeChain aims to provide a decentralized infrastructure that empowers creators and fans alike.
In addition to this, the announcement of Azuki as AnimeChain’s launch partner sent waves of excitement rippling through the anime community. As one of the pioneers in the Web3 space, Azuki brings a wealth of experience and expertise to the table. Leveraging AnimeChain’s infrastructure, Azuki will introduce a myriad of anime productions, games, and physical products, offering fans new and innovative ways to interact with their favorite IPs.
Epic Games Store Welcomes Wilder World
In a groundbreaking move that has captivated the gaming community, Wilder World, often hailed as the GTA of Web3 has announced its debut on the esteemed Epic Games Store. This announcement not only signifies a major milestone for the game itself but also heralds a significant development within the rapidly evolving landscape of Web3 gaming.
The decision to launch on the Epic Games Store holds immense significance for Wilder World, positioning it on one of the largest digital delivery platforms globally. With an impressive user base exceeding 270 million total users and 75 million monthly active users, the Epic Games Store offers Wilder World unparalleled visibility among PC gamers. Moreover, the synergy between Wilder World and Epic Games runs deep, driven by shared values and a mutual commitment to innovation.
Frank Wilder, Co-founder of Wilder World, expressed his enthusiasm for the listing, emphasizing the game’s dedication to pioneering next-generation gaming experiences within the metaverse. With its unique blend of gameplay mechanics, immersive storytelling, and innovative Web3 features, Wilder World promises to deliver an unparalleled gaming experience that pushes the boundaries of what is possible with Web3 games.
With all eyes now turned towards the game, the launch on the Epic Games Store has propelled it into the spotlight, generating anticipation and interest among gamers worldwide. Read more on this here.
SBF Sentenced to 25 Years in Prison
Sam Bankman-Fried, the once-prominent figure in the cryptocurrency world and former co-founder of FTX, has been sentenced to 25 years in prison following a critical court decision. This verdict concludes a tumultuous legal battle marred by allegations of misappropriating billions from the exchange for personal and speculative ventures.
In a dramatic courtroom scene, Bankman-Fried addressed the federal judge, expressing remorse for his actions. “I’m sorry about what happened at every stage,” he solemnly declared. “I know a lot of people feel really let down. I’m sorry about that. I’m sorry about what happened.” Despite his apology, Bankman-Fried stopped short of making excuses for his conduct, acknowledging the gravity of the situation. “I didn’t mean to have any of this happen, and I wish I could undo it,” he lamented.
However, Judge Kaplan, in delivering the sentencing, was clear in his assessment of Bankman-Fried’s actions. Dismissing attempts to downplay the financial ramifications of FTX’s collapse, the judge emphasized the colossal loss exceeding half a billion dollars. Furthermore, Judge Kaplan criticized Bankman-Fried’s behavior during the trial, citing dishonesty and attempts to obstruct justice as aggravating factors that likely contributed to the length of his sentence.
That being said, the 25-year prison term signifies a stark and sudden descent into a harsh new reality for Bankman-Fried. As he prepares to embark on his journey behind bars, he faces the prospect of incarceration in a dangerous medium-security prison, likely located on the West Coast of the United States. Read more on this here.
