Disclaimer: I have invested in Neo Tokyo, these views are my opinions, and this document is not meant to be financial advice. Please do your own research. Seriously. FYI: I am very new to the Neo Tokyo community and ecosystem, and likely have made mistakes or incorrect assumptions in my write up below. The below …
Brief Overview: Canto is a permissionless proof-of-stake L1 blockchain built on the Cosmos SDK and EVM-compatible, launched in 2022. Rather than focusing on tech innovation, it is more of a social experiment that utilizes open-source code to test mechanisms for funding public goods and incentivizing developer activity on the network. Company / Team: Canto launched …
I’m sure you’ve already read in the news about the recent Terra collapse, but I wanted to shed some light on the finer details of the situation. In short, macroeconomics led to a weakness in Terra (UST/LUNA), creating an opportunity for exploitation that an attacker (or attackers) took advantage of. To dive into the details, …
The Terra Collapse: What is it and What Happened? Read More »
Yuga Labs has been busy over the past few weeks. The biggest announcement to date, the acquisition of CryptoPunks & Meebits from Larva Labs for an undisclosed amount, which seems to have sparked new life into the NFT market. The bombshell announcement was generally taken positively by the community, especially when BAYC announced they will be giving IP rights of …
Yuga Labs and BAYC/MAYC Community have been Busy Read More »
Not sure if anyone follows Twitter activity of some of the large personalities in the space, but Do Kwon (founder of LUNA) is on a mission to build up a Bitcoin treasury for LUNA. Long story short, it helps capitalize the LUNA/UST value by diversifying into another currency. Over the past few weeks, they have been buying Bitcoin like …
Luna Foundation Guard (LFG) has single handedly saved BTC Read More »
The past week was eventful for the Axie team and users on the Ronin blockchain (an EVM compatible side chain that supports the Axie ecosystem). It seems a hacker was able to exploit the bridge and drain its ETH/USDC reserves valued at $625M. The exploit was not caught until 6 days later when someone tried to bridge ETH from …
The markets have had a volatile start to 2022 and a lot of volatility is now coming from the drama on crypto twitter. Earlier this week, an anon account run by Zach (zachxbt.eth) doxxed one of the co-founders of Wonderland (Time), an OHM fork on Avalanche. Zach, the anon account, discovered the co-founder of Wonderland, …
DeFi Rattled with Doxxed Co-founders with Checkered Past Read More »
According to analytics platform, NTFGO, the total market cap of NFT projects exceeded $15B, less than 1% of the total crypto market cap. The space continues to gain attention and likely has tremendous upside based on the size of the sector in the broader crypto space. Messari recently did a nice categorization of NFTs that …
Pixelmon raised over $70M on its initial NFT sale a few weeks ago in a bid to become the Pokemon of the Metaverse. The project has come under a lot of scrutiny since the reveal with many unsettling developments. To point out, there were red flags since the beginning, but here you had peak NFT …
What happens when an unknown team with no gaming experience raises $70M?  Read More »
DeFi in 2020 lit the match for 2021 Maker, AAVE, Compound, Curve, Uniswap, Yearn, and Sushiswap to name a few…all household blue-chip names today, but they were either very new or unproven in 2020. In May 2020, Compound’s token launch kicked off DeFi summer, followed by the launch of Yearn Protocol. Near the tail-end was …