Weekly Recommendations | The History of Airdrop Competition: The "Cat and Mouse Game" Between Project Parties and Whales; Controversy Surrounding New Listings on Binance Launchpad
A comprehensive interpretation of the development history, ecological panorama, technical performance, and token economy of the public chain Sui; a16z launches Magi to bring diversity to Rollup clients.整理：饼干，ChainCatcher
Since the airdrop feast initiated by Uniswap in September 2020, there have been significant changes in the form, nature, and scale of airdrops in less than three years. Airdrops are no longer merely an on-chain carnival; the stakeholders involved have gradually included market makers, centralized exchanges, wallets, etc. Consequently, scenes such as exchanges rushing in, large holders dumping, Gas wars, and project websites crashing have begun to appear frequently.
This article provides an in-depth review of the history of airdrop competition, revealing that project parties and profit seekers are continuously upgrading their offensive and defensive tactics, evolving into a bizarre relationship of mutual confrontation yet interdependence.
After Binance announced the upcoming launch of the Launchpad project Open Campus (EDU), it quickly sparked controversy. It is known that Binance claims that Launchpad projects undergo a period of strict background checks before going live, and the previous 30 Launchpad projects generally had a solid user base and recognition. In contrast, Open Campus seems to have "appeared out of nowhere," having registered its official Twitter and project domain in March and only officially released its first tweet in April.
3、“Roundtable Discussion: How Can zk Move Towards True Mainstream, and How Will zk Combine with AI?”
As the narrative around zk continues to heat up, last week ChainCatcher's "zk Masterclass" series held its second session (previous review), inviting six members from Ola, Cysic, Hyper Oracle, FOX, Opside, and CatcherVC to discuss the theme "As zk Narratives Heat Up, How to Capture the Long-Term Value of zk," exploring the current development bottlenecks of zk and potential breakthrough directions for the future.
4、“Cobo's Shen Yu: The Blockchain Industry is Emerging from the Low Point”
On April 14, 2023, during a roundtable forum at the Hong Kong Web3 Carnival, Cobo co-founder and CEO Shen Yu shared his personal journey into the industry, the lessons learned from the industry's ups and downs since 2017, and his outlook on the future of the industry.
5、“Solana: The Rise and Fall of a 'King's Public Chain'”
The intricate connections between Solana and FTX may be one of the reasons for its success, but they are not inevitable. This article is compiled from a podcast released in January 2023 by Mable, the Chief Revenue Officer of STEPN and former partner at Multicoin Capital. As an investment firm heavily invested in Solana, Multicoin Capital has experienced both triumphs and failures. Through this article, we will review the rise and fall of this kingly public chain.
Compared to Aptos, Sui places greater emphasis on innovation in underlying technology, aiming to become the first programmable blockchain platform at internet scale. Although Sui's development progress is slightly slower than Aptos, projects driven by technological innovation often have potential. Sui has accumulated rich technological advantages over the past few years, and with the launch of the Sui permanent testnet, the market holds high expectations for its innovations in the next expansion cycle.
This article discusses various aspects of the Sui project, including its basic situation, ecological development, token economic model, technical network progress, and development plans.
Recently, the surge in on-chain data for the centralized social graph protocol CyberConnect has attracted significant attention. In fact, the data growth of CyberConnect is closely tied to its flagship social product Link3, with the ccProfile (profile) NFT representing user identity being a major contributor to this data increase.
Upon closer examination, the surge in CyberConnect's data can be attributed to two main factors: on one hand, the lowered participation threshold for users to mint ccProfile NFTs; on the other hand, the potential airdrop expectations have stimulated participation from profit seekers.
Iron Fish, a privacy project named after the WWII encryption transmission term "submarine," has reached a valuation of $190 million after completing a $27.7 million Series A funding round led by a16z. The project is set to launch its mainnet at 24:00 Beijing time, with a countdown of 7 hours, and will officially airdrop tokens to early users tomorrow.
The collapse of FTX is one of the heaviest topics in the cryptocurrency industry in 2022, especially for individuals and institutions that suffered financial losses as a result. Multicoin Capital, which experienced a staggering 91.4% loss throughout 2022, is undoubtedly a representative case.
Recently, Multicoin Capital co-founders Kyle Samani and Tushar Jain participated in a podcast with Blockworks, where they delved into their interactions with FTX and addressed the question: How did Multicoin Capital get involved with FTX and ultimately suffer the consequences?
Recently, Azuki's performance in the secondary market seems unaffected by negative news, with floor prices and trading volumes seemingly on the rise, often surpassing BAYC in trading volume and activity. Azuki's collaboration with Line Friends is a significant boon, helping its NFTs gain exposure and increase brand recognition. However, some users worry that it might follow the path of Bilibili's collaboration, which ended up fizzling out.
11、“a16z: 7 Tips to Avoid Token Design Flaws”
Tokens are a powerful new primitive that can be defined in various ways. The design space for tokens is rich, but we are still in the early stages of exploration. This article discusses why we should consider research and design for tokens, not just "token economics," and lists seven "pitfall avoidance" tips.
12、“Reviewing the Surge of PEPE and AIDOGE: How Do We Dance with Meme Coins?”
"On-chain monitoring detected an address that bought $250 worth of PEPE, which just turned into $1.8 million," such voices have been echoing in the community and on social media over the past two days. As this information spreads, the market has begun to witness a resurgence reminiscent of previous times: seeing a contract address and pouring in funds. The meme season in the crypto market has quietly arrived. This article will detail the characteristics of recent meme season phenomenon projects and how to seize opportunities while avoiding potential risks.
13、“a16z's L2 Ambition Magi: Bringing Diversity to Rollup Clients”
After Coinbase launched its new Ethereum L2 network Base based on OP Stack, a16z also took action. The Magi client software will also be built on OP Stack and will serve as a first step for a16z into the Optimism Collective. This article is a translation of a16z's introduction to the Magi client.
