ChainCatcher news, decentralized identity solution provider Litentry announced that it will airdrop staked LIT to its IDHub users. The top 5,000 users who reach 300 points in its second season IdentityGala will receive 5 LIT, which will be automatically staked to earn rewards. The staked LIT can be withdrawn 7 days after the launch of the staking feature based on identity reward distribution, which will be introduced after the end of the second season event.

ChainCatcher news, focusing on the programmable NFT track, AlchemistDAO has launched the first original PMM credit curve protocol on Ethereum Goerli ------ Metahub Protocol (formerly known as Midhub Protocol). Metahub adopts a modular design, integrating algorithmic models into smart contracts, dynamically rendering computational results into NFT UI, and providing a new solution for credit creation, credit quantification, and credit flow for on-chain behavior.The Peer to Pool Credit Curve's Protocol Market Maker (PMM) pioneered by Metahub is expected to innovate the on-chain reality paradigm in the fields of DeSocial credit issuance, GameFi item issuance, NFT music issuance, and other NFT issuance areas.Users can mint Pass cards with namespaces, automating the deployment of corresponding modules: creating community contracts through identityHub, setting price curves via moduleFactory, and creating community Pools through Economicmodule. After completing the above modular combinations, players can create community DIDs through identityHub, exit the community via the Pool, and transfer DIDs through the secondary NFT market.In addition, the Metahub white paper "A Peer to Pool Credit Curve Protocol" will be released upon the completion of testing and the launch on the Ethereum mainnet. The Metahub Protocol has previously received strategic investment from TokenPocket.

ChainCatcher news, the programmable DID protocol Midhub Protocol, incubated by TokenPocket, is implementing the NFT PMM (Protocol Market Maker) protocol supported by programmable NFT technology. The decentralized PMM CURVE mechanism based on Y=logmX will drive the value discovery and application of programmable NFTs. This protocol will be widely applied in web3 scenarios such as OnchainDAO, GameFi, SocialFi, and DeFi.NFT PMM utilizes the trading mechanism of NFTs (erc721) against the erc20 pool constructed with the Y=logmX value curve, building NFT liquidity from algorithmic consensus, which is expected to fundamentally change the liquidity challenges of NFTs in existing centralized trading mechanisms. Programmable NFTs are expected to become the foundational components of the web3 value network.It is reported that programmable DID is the first application of NFT PMM, providing a set of onchain web3 community creation paradigms and mechanisms for developers, creators, and KOLs.

Chain Catcher news, the programmable DID protocol Midhub has completed its seed round financing, led by TokenPocket, which also participates in protocol governance. TokenPocket stated that it will engage in strategic cooperation with Midhub in areas such as programmable NFTs, contract rendering, native blockchain game protocols, and OnchainDAO, focusing on products, technology, resources, and branding.It is reported that Midhub is an open-source and pluggable programmable DID protocol aimed at Web3. Midhub provides a set of core functional contracts, such as contract rendering, NFT naming, and BToken (builderToken). When MidPass registers a new module, it can call the core contracts to add new functionalities, executing the corresponding functions of the respective modules with each call.Midhub plans to launch the protocol on the ETH mainnet and support developers in exploring applications and tools based on programmable DID to better create Midhub's programmable DID ecosystem. (Source link)