Weekly Recommendation | Why is the classic NFT Milady gaining popularity again? Is the BRC-20 backed by the BSV community's "revenge plan"?
In the past seven days, Bitcoin miners have earned over 36 million dollars in fees; why is the Lido V2 upgrade important for the LSD track?Organizer: Biscuit, ChainCatcher
1. “Behind BRC-20: The 'Revenge Plan' Planned by the BSV Community”
In the process of searching for relevant materials, we discovered an interesting phenomenon: the top supporters of Ordinals are actually a group of former BSV community members, although their numbers have dwindled due to the overall decline of the BSV ecosystem. The route and direction of BRC20 seem to be supported by BSV enthusiasts, who have also managed to regain the spotlight and acquire wealth through BRC20.
2. “Why Bitcoin Miners Earned Over $36 Million in Fees in the Past Week?”
Starting from May 1, the average transaction fee for BTC began to rise significantly, from an initial 2U to now 20U. Currently, the extremely high fee threshold and operational barriers are also hindering the development of BRC20. It remains to be seen whether BRC20 can integrate with the Lightning Network, break away from the narrative of merely issuing tokens, and incorporate Bitcoin L2 solutions like RGB that have smart contract capabilities.
3. “Why is the Veteran NFT Milady Making a Comeback?”
In the face of severe homogenization in the PFP NFT space, how did Milady manage to turn its reputation around? A deep dive into the early "discoverers" of PEPE reveals that most are holders of Milady Maker. As an established PFP project, Milady once fell into a price trough due to the former CEO's racial and extremist views, but has since been rediscovered in value.
4. “Wang Yishi: Hardware Wallets Have Not Yet Entered a True Dividend Period Due to Continuous Crises”
Recently, Wang Yishi stated in an interview with ChainCatcher that users have short memories, and the hardware wallet market has not yet entered a true dividend period due to continuous crises; it still requires a long period of market education. Currently, the market penetration rate of hardware wallets remains only around 5%, indicating that the market is still very early.
The success of BRC-20 owes part of its credit to UniSat. As the first mover, UniSat is one of the few projects that truly seized this rare opportunity. You could say that BRC's breakout was due to good luck coinciding with the "meme season," or that the hype around BRC cannot last too long, but the returns UniSat has gained are indeed substantial.
6. “Why is the Lido V2 Upgrade Important for the LSD Space?”
DeFi researcher Finish stated on Twitter that the impact of the Lido V2 update will be significant, and for all LSD users, this is exciting news. What information do you need to know? What upcoming opportunities and changes are there? ChainCatcher has translated and organized the content of his tweet, covering topics such as: a review of Lido, some key metrics of Lido, what updates V2 has made, potential impacts, and how to participate.
7. “zkEVM: The Future of Ethereum Scaling”
The core idea of zkEVM is to use zero-knowledge proofs to verify and execute smart contracts without requiring every node to perform all computations. Instead, only the proof validators need to perform calculations, and then broadcast the verification results to other nodes in the network. This can greatly reduce network load and execution costs, while improving network throughput and performance.
8. “Coinbase Targets Expansion in the Middle East, Will the UAE Become a Crypto Haven?”
The UAE has attracted many crypto companies with favorable regulations and a friendly business environment. In February of this year, the UAE Central Bank announced plans to launch a digital currency, which could further boost the country's crypto industry. Armstrong's visit to the UAE highlights the growing interest of Middle Eastern investors and regulators in crypto.
9. “Unveiling the Growth Journey of Pudgy Penguins CEO: From Homelessness to the Pinnacle of Life”
Luca Nets, the CEO of the NFT project "Pudgy Penguins," once experienced the hardships of homelessness, but now he can not only acquire "Pudgy Penguins" for $2.5 million but also lead the project to new heights. This article is a result of Realm Hunter's research consultant spending 11 hours uncovering the secrets of his success.
10. “TokenTable: The Ultimate Solution for Web3 Founders to Build a Reliable Token Ownership Structure”
Web3 founders face significant challenges in token management and distribution. As project development progresses, the mechanisms involved become increasingly complex, including SAFE and SAFT contracts, token incentive contracts, and various token unlocking schemes. Due to the inherent errors and inaccuracies of traditional tools like spreadsheets, maintaining an accurate and transparent token ownership structure in a traditional manner is also quite difficult. The demand for reliable and comprehensive solutions from founders is urgent. Here, EthSign is pleased to launch the public beta of TokenTable to help every Web3 founder make progress in their exciting entrepreneurial journey.
