Bankless ROLLUP: EIP-1559 | Infrastructure Bill | CryptoPunks & NFTs | Bitcoin ETF | DyDx Token (August 6th)
Aug 6, 2021
This discussion kicks off with the transformative EIP-1559 upgrade on Ethereum, explaining its impact on ETH's monetary policy. Bitcoin's recent price dip contrasts sharply with Ethereum's rise, driven by soaring interest in DeFi. OpenSea's NFT market surge is highlighted, showcasing skyrocketing transaction volumes. The conversation dives into regulatory challenges facing the crypto industry, particularly a contentious infrastructure bill. Plus, there's a sneak peek into new gaming experiences and NFT partnerships that are shaping the future of crypto culture.
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OpenSea's NFT Boom
- OpenSea's NFT transaction volume exploded, reaching $95 million in two days, surpassing the entire 2020 total of $21 million.
- This highlights the massive growth of the NFT market.
DYDX Token Launch and Airdrop
- DYDX launched its governance token with a retroactive airdrop, excluding US users due to regulations.
- This exclusion sparked criticism as US investors missed out on potential gains.
Zcash Considering Proof-of-Stake
- Zcash founder Zooko Wilcox-O'Hearn considers switching from Proof-of-Work to Proof-of-Stake.
- This raises the question of whether Proof-of-Stake is becoming the dominant consensus mechanism.