Amazon.eth ENS domain owner disregards 1M USDC buyout offer on Opensea
On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no transaction took place. This is despite the last sale of the domain name being five months ago for 33 Ether (worth around $100,000 at that time). The expired million-dollar offer for Amazon.eth on OpenSea | Source: OpenSea It is unclear at the t...
In Conversation With the Federal Reserve Chief Innovation Officer
I had the pleasure of speaking with the Federal Reserve System’s Sunayna Tuteja at Consensus 2022 in Austin, Texas, last week about the U.S. central bank’s philosophical approach to innovation at large. You can watch and read the conversation below. Some housekeeping: The next few issues of this newsletter will be selected interviews and snippets of interviews from various panel discussions at Consensus and conversations I’ve had, including a second edition of this newsletter sometime this we...
Velodrome recovers $350K stolen funds from team member Gabagool
Velodrome Finance, a trading and liquidity marketplace, announced the recovery of $350,000 stolen on Aug. 4. However, the occasion turned bittersweet when internal investigations pointed out the involvement of a prominent team member, who goes by the pseudo name Gabagool. On Aug. 4, one of Velodrome’s high-worth wallets — dedicated for operating funds such as salaries — was drained off $350,000 before it could be transferred to the company’s treasury multisig wallet. A subsequent internal inv...
BTXCF
Amazon.eth ENS domain owner disregards 1M USDC buyout offer on Opensea
On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no transaction took place. This is despite the last sale of the domain name being five months ago for 33 Ether (worth around $100,000 at that time). The expired million-dollar offer for Amazon.eth on OpenSea | Source: OpenSea It is unclear at the t...
In Conversation With the Federal Reserve Chief Innovation Officer
I had the pleasure of speaking with the Federal Reserve System’s Sunayna Tuteja at Consensus 2022 in Austin, Texas, last week about the U.S. central bank’s philosophical approach to innovation at large. You can watch and read the conversation below. Some housekeeping: The next few issues of this newsletter will be selected interviews and snippets of interviews from various panel discussions at Consensus and conversations I’ve had, including a second edition of this newsletter sometime this we...
Velodrome recovers $350K stolen funds from team member Gabagool
Velodrome Finance, a trading and liquidity marketplace, announced the recovery of $350,000 stolen on Aug. 4. However, the occasion turned bittersweet when internal investigations pointed out the involvement of a prominent team member, who goes by the pseudo name Gabagool. On Aug. 4, one of Velodrome’s high-worth wallets — dedicated for operating funds such as salaries — was drained off $350,000 before it could be transferred to the company’s treasury multisig wallet. A subsequent internal inv...
BTXCF
Share Dialog
Share Dialog

Subscribe to BTXCF

Subscribe to BTXCF
<100 subscribers
<100 subscribers
User data from DappRadar consists of metaverse users who have also made an in-game purchase with the project's native token, but the Decentraland and Sandbox projects disagree with that criteria.
Ethereum (
) blockchain-based Metaverse projects Decentraland (
) and Sandbox (
) have hit back at reports suggesting low daily user activity on platforms, arguing a “misinformed” metric was used to measure each of the platforms' Daily Active Users (DAU).
The controversy appears to have come from data originating from DappRadar, with observers suggesting the Decentraland metaverse sees 30 Daily Active Users despite having over $1.2 billion in market cap.
However, Decentraland said in an Oct. 8 tweet that “some websites are tracking only specific smart contract transactions but reporting them as daily active users […] which is inaccurate.”
Sandbox CEO Arthur Madrid tweeted on Oct. 10 that “on chain transactions does not mean Users” and that nonfungible token (NFT) owners “invest in an asset that will grow in value over time based Utilities.”
In its tweet, Decentraland said “better data” can be found at DCL Metrics, a data aggregator custom-built for Decentraland, which measures DAUs by the number of “people who login and then move out of a parcel.”
This distinction is significant, as Decentraland’s September data shows 56,700 Monthly Active Users but only 1,074, or 1.89% of those users actually interacted with Decentraland’s smart contracts.
User data from DappRadar consists of metaverse users who have also made an in-game purchase with the project's native token, but the Decentraland and Sandbox projects disagree with that criteria.
Ethereum (
) blockchain-based Metaverse projects Decentraland (
) and Sandbox (
) have hit back at reports suggesting low daily user activity on platforms, arguing a “misinformed” metric was used to measure each of the platforms' Daily Active Users (DAU).
The controversy appears to have come from data originating from DappRadar, with observers suggesting the Decentraland metaverse sees 30 Daily Active Users despite having over $1.2 billion in market cap.
However, Decentraland said in an Oct. 8 tweet that “some websites are tracking only specific smart contract transactions but reporting them as daily active users […] which is inaccurate.”
Sandbox CEO Arthur Madrid tweeted on Oct. 10 that “on chain transactions does not mean Users” and that nonfungible token (NFT) owners “invest in an asset that will grow in value over time based Utilities.”
In its tweet, Decentraland said “better data” can be found at DCL Metrics, a data aggregator custom-built for Decentraland, which measures DAUs by the number of “people who login and then move out of a parcel.”
This distinction is significant, as Decentraland’s September data shows 56,700 Monthly Active Users but only 1,074, or 1.89% of those users actually interacted with Decentraland’s smart contracts.
No activity yet