The Wallet Report #13

The Wallet Report #13

Top Stories

OpenSea : NFT marketplace OpenSea is making creator fees optional for new collections starting September, discontinuing the OpenSea Operator Filter that enforced royalties. Collections using the filter until August 31 will have enforced royalties until February 29, after which they'll be optional. OpenSea clarifies that creator fees aren't disappearing, just the enforced aspect. This change follows debates over the necessity of royalties and OpenSea's previous enforcement stance. (link), a decentralized social network, generated over $1 million in fees within 24 hours of launch, outperforming established players like Uniswap and Bitcoin. Users can tokenize their social networks by buying and selling "shares" of connections, with a 5% fee on transactions. Built on Coinbase's layer-2 Base, the platform aims to attract crypto influencers and strengthen relationships within the crypto industry. Concerns have been raised about the revenue model and potential risks.(link)

Binance is facing issues with fiat withdrawals in Europe due to problems with SEPA transfers. Binance suspended euro withdrawals and deposits through SEPA, stating that its payment provider can no longer support these transactions. This comes after Binance's previous euro banking partner, Paysafe Payment Solutions, announced discontinuation of support for the exchange. (link)


Citizen Conflict Alpha 3.0 has launched, featuring new gameplay dynamics with six heroes, three maps, and team-based strategies. The update includes $3,000 prize pool tournaments in two categories: Community Wars for top players and Team Wars for the best teams. This update enhances competitive gaming with fresh features and rewarding team play options. (link)

Steam / Web3 games : Crypto and NFT games are appearing on Steam, despite the platform's ban on such content. Developers are adapting by removing crypto elements or using external portals for NFT transactions. Games like Champions Ascension and The Bornless enable players to buy and use NFT items externally while playing a limited Steam version. This reflects the ongoing debate over crypto and NFTs in gaming and how developers work around platform restrictions. (link)

Axie Infinity / The Philippine police : The Philippine police are warning about risks in cryptocurrency gaming, particularly the play-to-earn model of Axie Infinity. They highlight potential token and NFT losses due to scams and volatility. They advise thorough research before investing and caution against interacting with unknown sources. The Philippine Department of Information and Communications Technology (DICT) is partnering with the Blockchain Council of the Philippines (BCP) to boost Web3 adoption in the region. (link)

Gods Unchained, a blockchain-based card game, introduces Pauper Mode, where only common and rare cards are allowed, emphasizing skill and strategy. This mode levels the playing field by removing powerful cards and focuses on thoughtful planning and synergy. The mode's success during a trial period may lead to its permanent inclusion as a ranked option. (link)

Animoca Brands has teamed up with AWS to become an official AWS Activate Provider, offering resources and support to its portfolio companies for accelerating Web3 product development. This partnership focuses on nurturing emerging Web3 startups within Animoca Brands' portfolio, providing technical, networking, and fundraising assistance through AWS Activate. The collaboration aligns with Amazon's increasing involvement in the Web3 gaming industry. (link)


Ashira Fox / Maui : Maui wildfires have led to significant destruction and loss. Artist Ashira Fox is selling an NFT to support recovery efforts. The NFT sale on Rarible features a scanograph of a white plumeria flower, with proceeds going to the Maui fund by the Giving Block, which matches donations. (link)

Coca-Cola's "Masterpiece" NFT collection earned $543,660 during Coinbase's event. The collection features classic and contemporary artworks endorsed by Coca-Cola. This move follows their earlier NFT initiatives and reflects a trend of companies exploring NFTs, including McDonald's collaboration with NFT artist The Hidden Walls. (link)

Magic Eden and Polygon have launched a $1 million creator fund to support NFT creators on the Polygon blockchain. This initiative aims to provide financial support and advisory services to promising NFT projects, emphasizing uniqueness and innovation. Magic Eden's integration with Polygon has proven successful, offering tools for Polygon NFTs and supporting the expanding ecosystem. (link)

Power Rangers is teaming up with Funko for a new NFT collection, "Ranger Slayer," celebrating the franchise's 30th Anniversary. The collection includes NFTs inspired by the original Power Rangers and the comic series "Boom! Studios." Fans can buy 5 NFTs for $9.99 or 15 for $29.99. This collaboration marks a new chapter for Power Rangers and draws inspiration from the 1995 classic "Mighty Morphin Power Rangers: The Movie." (link)

OpenSea's decision to stop enforcing NFT creator royalties has triggered backlash from investors like Mark Cuban and creators like Yuga Labs. Cuban criticized the move for eroding trust, while Yuga Labs plans to end compatibility with OpenSea. Other creators called for a boycott, arguing the decision harms underrepresented artists and innovation. Concerns arise over the future of royalties in the NFT space. (link)


LeverFi and Neon EVM are teaming up to launch a DeFi platform on Solana for leveraged trading and money markets. This collaboration aims to enhance trading experiences, increase liquidity, and achieve a $100M Total Value Locked (TVL). The partnership enables cross-chain token interchange and broader access to Solana's user community. The platform aims to make leveraged trading more accessible and offers algorithmically determined interest rates in global money markets. (link)

MakerDAO's profit forecast has drastically fallen from an anticipated $80 million to under $2 million. This has prompted the platform to consider adjusting the Exponential Decay Savings Rate (EDSR) to restore financial stability. Despite the setback, MakerDAO's adaptability and commitment to decentralized finance innovation remain evident. (link)

Frax DAO has gained unanimous approval to use 1 million FRAX from its fund to purchase CRV tokens. This strategic step aims to advance Frax's development, bolster the Curve partnership, and support the growth of Frax Finance. The proposal reflects careful planning and aims to strengthen both collaborations and the overall ecosystem. (link)

Silo Finance has launched Silo Llama on Ethereum, using crvUSD as a cross-chain asset. This new approach offers independent lending markets for tokenized assets, isolated from other protocol markets. Users holding crvUSD can now lend against various tokenized assets, maintaining isolation from other market activities. (link)

LiFi, a multichain bridging protocol, has launched a multi-bridge aggregator for DAO governance. This solution aims to enhance security by requiring confirmation from multiple bridges for valid votes, reducing the risk of governance attacks. It addresses concerns raised during a debate within the Uniswap community over selecting a secure bridge for cross-chain governance. (link)

One more thing !

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