The Insider #93

Stay on the Web3 loop in only a minute

Ascend
February 06, 2024

Welcome to Ascend's Newsletter, your NFT hub with a Crypto touch. Explore the latest in the Web3 space with us. Thanks for joining the Fam!

Subscribe to be in the Web3 loop and follow us on “X” for daily spaces

ERC404 project Pandora reaches 8.000.000$ trading volume with ~10.000.000$ in liquidity pool. ERC404 is an experimental token standard and is a mix of ERC20 /ERC 721. is experimental. It is open sourced for creators and developers. In Layman’s terms, it will essentially allow a certain amount of tokens & an NFT to be 2 faces to the exact same entity. As an example, If you have an NFT and a certain amount of a token that are essentially he same “asset”, when you sell one you loose the other. Very interesting concept that has been tested and is now in audit phase. Pandora project will serve as a proof of concept and NFTs will be “airdropped” to token holders soon. (source)
Farcaster dominates timeline on X. The size of Solana channel on Farcaster has more than doubled in a day. We can definitely say there was an existing demand for a decentralized social media app. The increasing levels of activity & users on Farcaster is a proof of that. The sustainability of this increase and livelyhood of the platform is also crucial though, we’ll witness the developments in the upcoming weeks. (source)

Size of Solana Channel in Farcaster Doubles Under a Day

GoDaddy partners with Ethereum Name Services to allow users to connect domain names with ENS names. This is huge news for mass adoption, all domain and ENS holders. On the other hand, I believe it is slightly bearish for all ENS traders. Web2 trademarked names acquired with the aim of selling for hundreds of ETH is now a lower probability. So the opportunity of assymmetrical gains trading ENS’s have now decreased. (source)
Pro Bitcoin candidate Nayib Bukele was re-elected as the president of El Salvador. There is multiple reasons to why he was re-elected, of course. Regardless though, he’s an example for pro-crypto leadership. His dedication for mass crypto adoption and Bitcoin investments are extremely beneficial to his country and citizens. (source)

GoDaddy Partners With ENS

X Articles Releasing Soon

Crypto & NFT prices by Ascend

We hope this daily Web3 recap helps you in your Crypto and NFT journey !

These insights are inspired by Carlitos' daily news.

Follow us on “X” at @web3ascend for our daily spaces 12 PM CET - 6 AM ET.

We grow together !