Demystify ERC-6551
ERC-6551 is a new Ethereum standard for token bound accounts, which creates a smart contract wallet for every ERC-721 NFT. The update is based on the Proposal 6551 (EIP-6551) created by Future Primitive — an on-chain product studio led by Benny Giang and Steve Jang.Why do we need ERC-6551?Pain points of current NFT market users: Inability to own other assets such as tokens or other NFTs. Inability to interact with other smart contracts. Inability to change state, where user input or external ...
Demystify ERC-6551
ERC-6551 is a new Ethereum standard for token bound accounts, which creates a smart contract wallet for every ERC-721 NFT. The update is based on the Proposal 6551 (EIP-6551) created by Future Primitive — an on-chain product studio led by Benny Giang and Steve Jang.Why do we need ERC-6551?Pain points of current NFT market users: Inability to own other assets such as tokens or other NFTs. Inability to interact with other smart contracts. Inability to change state, where user input or external ...
Uncover the mystery of ZKML
1.1 What is ZKPZero-knowledge proofs (ZKP) were first introduced by Shafi Goldwasser and Silvio Micali of MIT in a 1985 paper titled “The Knowledge Complexity of Interactive Proof Systems.”. ZKP has two parties, the prover and verifier, and it enables the prover to prove the authenticity of the data to the verifier without revealing the data itself. ZKP is a cryptographic method, and it works by having the verifier ask the prover to perform a series of actions that can only be performed accur...
Uncover the mystery of ZKML
1.1 What is ZKPZero-knowledge proofs (ZKP) were first introduced by Shafi Goldwasser and Silvio Micali of MIT in a 1985 paper titled “The Knowledge Complexity of Interactive Proof Systems.”. ZKP has two parties, the prover and verifier, and it enables the prover to prove the authenticity of the data to the verifier without revealing the data itself. ZKP is a cryptographic method, and it works by having the verifier ask the prover to perform a series of actions that can only be performed accur...
Memo - Rage Trade(Arbitrum GMX ecosystem)
TL; DRInvestment recommendation - Overall, this derivative DEX sector is worth investing in according to its mass growth potential ($31B potential market cap) in the future and would add extra value to the existing CEX-based ecosystem. By referring to the growth of GMX and its related ecosystem on Arbitrum, the investment would be a holistic investment into the derivative DEX ecosystem. Rage Trade is based on GMX protocol and is part of the Arbitrum DeFi ecosystem. The DeFi ecosystem boost on...
Memo - Rage Trade(Arbitrum GMX ecosystem)
TL; DRInvestment recommendation - Overall, this derivative DEX sector is worth investing in according to its mass growth potential ($31B potential market cap) in the future and would add extra value to the existing CEX-based ecosystem. By referring to the growth of GMX and its related ecosystem on Arbitrum, the investment would be a holistic investment into the derivative DEX ecosystem. Rage Trade is based on GMX protocol and is part of the Arbitrum DeFi ecosystem. The DeFi ecosystem boost on...
Memo - Lens Protocol
Final Score and Rationale💬 PositivesPositive tractions: 130k+ users; 100k+ NFT profiles, with half of them active, and it’s increasing from launch. 700k+ posts and 1M collecting until Dec indicate active user interactions and relationship buildingStrong founding team with successful web3 product (Aave) buildup experiences and great reputationMarket leader and pioneer in Decentralized Social Media, which is easier to have the network effect💬 NegativesThe market and segment are still in the e...
Memo - Lens Protocol
Final Score and Rationale💬 PositivesPositive tractions: 130k+ users; 100k+ NFT profiles, with half of them active, and it’s increasing from launch. 700k+ posts and 1M collecting until Dec indicate active user interactions and relationship buildingStrong founding team with successful web3 product (Aave) buildup experiences and great reputationMarket leader and pioneer in Decentralized Social Media, which is easier to have the network effect💬 NegativesThe market and segment are still in the e...
Memo - Global Coin Research
OverviewGlobal Coin Research (GCR) is a community-based DAO for crypto researchers and investors with its token, $GCR. GCR group generates content & newsletters, hosts events, and does co-investment on a community level. GCR’s vision is to create a community-driven DAO to source Web3 deals (decentralized VC). Right now GCR community mainly focuses on two things: one is community-based media content creation, and another is a community-based investment.TractionsGSR has 31k subscribers, 100+ ev...
Memo - Global Coin Research
OverviewGlobal Coin Research (GCR) is a community-based DAO for crypto researchers and investors with its token, $GCR. GCR group generates content & newsletters, hosts events, and does co-investment on a community level. GCR’s vision is to create a community-driven DAO to source Web3 deals (decentralized VC). Right now GCR community mainly focuses on two things: one is community-based media content creation, and another is a community-based investment.TractionsGSR has 31k subscribers, 100+ ev...
