This Week in Signal Teams — Avalanche, Tezos, IOTA, Cartesi
Every week we comb through hundreds of FTX Signals to bring you the most significant team updates with brief analyses to help you understand the latest developments in blockchain.
Macro Crypto News This Week
- Rio de Janeiro will accept crypto-payments for property taxes
- Spot Bitcoin ETP launched in Dubai
- SEC rejects WisdomTree’s latest spot bitcoin ETF proposal
- $47T banking giant BNY Mellon to offer Bitcoin custody services
- Coin Center sues Treasury over Tornado Cash sanctions
- US CPI inflation came in hotter than expected at 8.2% YoY
- Bitcoin mining difficulty hits an all-time high
- Binance token bridge hacked for $570 million
- Google taps Coinbase to bring crypto payments to cloud services
- JPMorgan and Visa team on cross-border blockchain payments
Top FTX Signals This Week
- Avalanche NFTs Launch on OpenSea
- Tezos Announces 12th Protocol Upgrade: Lima
- IOTA Announces Launch of Onomy Protocol and TangleHUB
- Cartesi Partners with dSphere in Blockchain Gaming
Avalanche NFTs Launch on OpenSea
“Avalanche is officially live on OpenSea!”
— Kyle Dineen, Social Media Director
Summary
- OpenSea, a leading peer-to-peer marketplace for NFTs, has launched natively on Avalanche. It joins leading marketplaces like Joepegs, Kalao, Campfire, and NFTrade as high-quality venues offering the Avalanche community a home to display, list, and trade NFTs.
- On Avalanche, OpenSea users will benefit from the fastest time to finality for NFT trades — regularly settling transactions in under a second — and consistently low transaction fees as a result of Avalanche’s success in horizontally scaling with Subnets.
- Avalanche also announced they have been listed on Gemini exchange.
Significance
OpenSea users who have yet to explore Avalanche now also have access to its robust NFT community, which has seen total NFT volume increase by 180% from Q2 2022. This is a big win for Avalanche that should help to further increase adoption of NFTs on the AVAX chain.
Price at the time of FTX Signal: $16. View AVAX on FTX.
Tezos Announces 12th Protocol Upgrade: Lima
“Introducing the 12th Tezos Protocol Upgrade — Lima. a joint upgrade proposal by Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda & Functori has been published.”
— Amer Justice, Community Director
Summary
- The Lima upgrade will include more pipelining for a faster blockchain, consensus keys, improvements to Tickets and Ghostnet fixes.
- Development of next-generation enshrined optimistic rollups on Tezos is progressing steadily and will be launched at some point after the Lima upgrade. Functioning rollups implemented in Rust are currently running in the test-suite.
- Tezos also announced that Ziggy Marley will drop an NFT series on Tezos through NFT platform OneOf.
- Signum has launched its P2P NFT Lending platform on Tezos.
Significance
These upgrades will improve the performance of the Tezos blockchain, while the Ziggy Marley and Signum launches will help to increase NFT activity on the Tezos chain.
Price at the time of FTX Signal: $1.40. View XTZ on FTX.
IOTA Announces Launch of Onomy Protocol and TangleHUB via the Touchpoint Program
“The foreign exchange market comes to multi-chain Web3 with Touchpoint Program newcomer Onomy Protocol!”
“Welcome TangleHUB to the Touchpoint Program! TangleHUB is responsible for PIPE, a decentralized data storage and communication infrastructure.”
— Thabata Dias, Social Media Manager
Summary
- Onomy Protocol, a vertically-integrated ecosystem that’s bringing the foreign exchange market (forex) on-chain, is joining the Touchpoint Open Builders Program.
- As a Cosmos-based protocol, Onomy Protocol will be deploying a bridge, novel hybrid DEX, and stablecoins into the Shimmer and IOTA ecosystem, enabling access to advanced products.
- TangleHUB is responsible for PIPE, a decentralized data storage and communication infrastructure for any use case, from edge micro-storage to high-frequency IoT and communication applications.
Significance
IOTA and their new partners aim to bridge the gap between crypto-natives, institutions, and the general public. By joining Touchpoint, TangleHUB introduces PIPE to the Shimmer Ecosystem to provide developers with a scalable and IOTA-native alternative to InterPlanetary File System (IPFS).
Price at the time of FTX Signal: $0.26. View IOTA on FTX.
Cartesi Partners with dSphere in Blockchain Gaming
“ Imagine the games you love elevated with the security, transparency, and decentralized nature of blockchain.”
Summary
- Cartesi has announced a partnership with dSphere, an enterprise Web3 SaaS platform that enables blockchain games, brands and DApps to reimagine customer experiences in the metaverse era.
- dSphere will be using The Blockchain OS to develop and offer game studios a blockchain framework to empower mainstream studios to build blockchain-based games faster and easier.
- Alongside developing tooling and functions for its framework, dSphere is also working with Cartesi Labs to build a whole ecosystem of partners to help game studios successfully launch their games using Cartesi tech.
Significance
dSphere’s has an extensive network and deep knowledge of the gaming industry, which should help make this partnership a success and drive gaming developers and players to the Cartesi ecosystem.
Price at the time of FTX Signal: $0.135. View CTSI on FTX.
Quotes of the Week:
“We are working to turn Bitcoin and crypto into an everyday way to pay.”
— Mastercard
“Crypto is a peaceful revolution hidden in plain sight.”
— Billboard in Austin, Texas
Chart of the Week:
The Long-Term Holder supply is the part of the total Bitcoin supply that hasn’t observed any movements since at least 155 days ago. The Long Term Holders are not just holding but they are accumulating as well. In the last 3 months, Long Term Holders have added half a million BTC (2.3% of the total supply) to their stacks. Bitcoin investors are demonstrating strong conviction to their preferred asset class as they continue to buy the dip.
Thanks for joining us and we look forward to bringing you our top FTX Signals again next week.
Jason Hamlin
Ecosystem Insights @ FTX
FTX Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 1,000 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to FTX’s 6 million+ users. Learn more.
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