# No Standing Weekly Recap 2023 Edition #012

By [No Standing Web3](https://paragraph.com/@no-standing-web3) · 2023-05-01

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Welcome to No Standing's Web3 Weekly Recap. In this newsletter, we’ll keep you up to date on the most important news and developments from the world of Web3.

If you missed the news this week we've got you covered. Here are the highlights and latest developments in blockchain technology, new projects, events, and much more. Stay up to date on all things web3 by subscribing to our newsletter, and let us know if there's anything you'd like to see covered in future issues.

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**Story 1: Sneaker NFTs Rise with Nike’s Swoosh and PUMA’s Slipstream Phygital Collections**

![](https://storage.googleapis.com/papyrus_images/4bf91c67e37a65ca756f9876e7ac91528f045f3777e01315c1ac6e93689e6b87.jpg)

As the NFT market continues to expand, sneaker brands like Nike and PUMA have entered the space with innovative virtual and phygital collections. Nike's new platform, Swoosh, recently announced its first virtual collection, Our Force 1 (OF1), inspired by the iconic Air Force 1 shoe. Users can choose between two digital "boxes," each containing different versions of the AF1 shoe, and will receive a 3D file for personal use. Nike aims to add more features and benefits to these virtual creations, such as unique physical goods or experiences.

[https://twitter.com/dotSWOOSH/status/1650982087812583424?s=20](https://twitter.com/dotSWOOSH/status/1650982087812583424?s=20)

On the other hand, PUMA has partnered with 10KTF and digital artist Wagmi-san for a unique "phygital" NFT collaboration involving the classic Slipstream sneakers. The collaboration includes a Grailed PUMA Slipstream NFT, which can be used in Battle.town missions, and a set of Grailed PUMA Slipstream Physical sneakers with an NFC chip that links the physical and digital assets. The customised sneakers and NFTs are exclusively available to holders of select PFP collections supported by the 10KTF ecosystem, including Bored Ape Kennel Club, CryptoPunks, and Meebits.

[https://twitter.com/PUMA/status/1650910122909245440?s=20](https://twitter.com/PUMA/status/1650910122909245440?s=20)

The growing interest in NFTs by sneaker brands highlights the potential for digital assets to revolutionise how fans interact with their favourite products. These virtual and phygital collections offer a unique blend of digital and physical experiences, opening up new avenues for storytelling, self-expression, and brand engagement in the rapidly evolving world of NFTs.

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**Story 2: Web3 Social Media Protocol Introduces 'Layer 3' Bonzai Network for Instant Posts**

![](https://storage.googleapis.com/papyrus_images/169ad38d646cbbacb066cd0fee307f274745869a815ceb78ca5a0e44d08a145b.jpg)

The Lens team, developers of a Web3 social media protocol, has announced the launch of Bonzai, a new "layer 3" network designed to scale blockchain social media apps by processing and storing posts, comments, and shares. By taking this data off the Polygon network, Bonzai increases scalability for Lens. Lens is a blockchain protocol that enables users to create a portable "social graph" of connections that can be transferred between any Lens-based app. Currently, there are 17 different social media apps built on Lens.

[https://twitter.com/LensProtocol/status/1651270830729592832?s=20](https://twitter.com/LensProtocol/status/1651270830729592832?s=20)

The Polygon network's inability to handle the transaction volume or data-storage needs of large-scale social media apps necessitated the launch of an "optimistic L3 hyperscaling data solution." The Bonzai network, built as a layer 2 of Polygon, uses Bundlr, a decentralised storage platform built on Arweave, for mass storage of social media data. The system consists of three types of nodes: submitters, verifiers, and timestamps, which work together to validate transactions, build metadata, and submit data to Bundlr, ensuring a seamless user experience.

Stani Kulechov, the founder of Lens Protocol, believes that Bonzai will play a significant role in promoting mass adoption of Web3 social apps. With the ability to support mass consumer adoption, Kulechov expects the continued growth of Web3 innovation and the development of new features and business models that will encourage further Web3 adoption. Decentralised social media protocols like Lens, Subsocial, and DeSo are emerging, and while they have not yet achieved the success of Web2 social apps, some experts believe that decentralised social media could be the next big thing in the world of crypto.

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**Story 3: Polygon and NAODA Collaborate for Scalable Web3 Gaming Ecosystem**

Polygon, an Ethereum scaling solution with nearly $1.04 billion in total value locked (TVL), is partnering with FLASK's engagement-driven GameFi platform, NAODA, to expand its web3 gaming ecosystem. FLASK, a KOSDAQ-listed technology company focused on GameFi services, will integrate its high-end RTS and FPS games developed by the company and its subsidiaries into the NAODA platform on the Polygon network, aiming to enhance the gaming experience.

[https://twitter.com/naodaxyz/status/1648672800234782720?s=20](https://twitter.com/naodaxyz/status/1648672800234782720?s=20)

NAODA's beta version went live on April 7 and has already recorded significant achievements. Within 10 days, users performed missions and minted over 6,200 Soulbound tokens, which serve as Proof-of-Participation (POP) badges within the service. POPs are digital badges that grant access to gaming and community activities and come with various rewards. These rewards can be redeemed as tokens for sale on the NAODA NFT Market.

Lee Byoung-Jae, CEO of FLASK, expressed enthusiasm about the partnership, stating that both companies share a belief that gaming can push blockchain technology into the mainstream. FLASK has made significant investments in the web3 sector and is the official sponsor of Consensus 2023, a blockchain technology summit.

Despite the partnership, the price of Polygon (MATIC) has not experienced an immediate positive impact. Polygon (MATIC) traded around $1 on Monday, down 1.6% in the past 24 hours. However, it is up about 31% year-to-date and is strongly encouraged by retail investors and whales due to its future growth prospects.

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**Story 4:** [**Binance.US**](http://Binance.US) **Partners with Unstoppable Domains for Web3 Domain Creation**

[Binance.US](http://Binance.US) has partnered with Unstoppable Domains to enable users to create decentralised Web3 domains that will serve as digital identities across the Web3 ecosystem. With the new offering, users can mint ".BinanceUS" domains, which will provide them with easily understandable names for cryptocurrency wallets to buy, sell, and transfer cryptocurrencies in the [Binance.US](http://Binance.US) app. These unique domains also function as digital identities across compatible Web3 services, applications, and platforms.

[https://twitter.com/BinanceUS/status/1651254816960573440?s=20](https://twitter.com/BinanceUS/status/1651254816960573440?s=20)

Launching in May, the [Binance.US](http://Binance.US) domains will be minted on the Polygon blockchain, which allows the creation of decentralised domains without gas fees or renewal costs. The partnership will also enable Unstoppable Domains users to use [Binance.US](http://Binance.US) to withdraw cryptocurrencies to various Unstoppable Domains addresses, including .crypto, .nft, and .x domains.

Nandini Maheshwari, [Binance.US](http://Binance.US) Business Development Vice President, emphasised the importance of providing digital identity ownership in their partnership with Unstoppable and Polygon. Unstoppable Domains will be responsible for the custody of all .BinanceUS domains, which can only be created through the [Binance.US](http://Binance.US) app.

Unstoppable Domains has partnered with numerous Web3, blockchain, and cryptocurrency companies over the past year, including Polygon for minting ".polygon" Web3 domains and 1inch Network to enable decentralised finance users to send cryptocurrencies to Web3 domain addresses. The demand for Web3 services has led to increased user numbers for both Unstoppable Domains and Ethereum Name Service (ENS) through 2022 and 2023.

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**Story 5: Polkadot Partners with XCM to Boost Interoperability and Create Multichain DAOs**

![](https://storage.googleapis.com/papyrus_images/8f9b92de6dd1458b7dc0280e90254cc472811639ba0c5a425d61ed9d8c070a0c.png)

Polkadot has announced a strategic partnership with cross-consensus messaging protocol XCM to advance blockchain interoperability. By leveraging XCM technology, decentralised applications on the Polkadot network can seamlessly scale, improving communication between different blockchains. This collaboration aims to address the challenges faced by many Web3 developers in scaling and tapping into multiple chains. Polkadot's four components, including relay chains, para chains, para threads, and bridges, offer tooling for scalability to Web3 developers.

[https://twitter.com/Polkadot/status/1648970420916305921?s=20](https://twitter.com/Polkadot/status/1648970420916305921?s=20)

Over half a million XCM messages have been sent on both Polkadot and Kusama networks, demonstrating demand and use cases. The launch of XCM v3 will introduce several new features such as bridging to external networks, NFT exchanges, and enhanced programmability. As Polkadot connects a growing ecosystem of over 600 projects, more than 20,000 XCM messages are sent per month on the network.

Previously, communication between blockchains contributed to losses amounting to tens of billions of dollars. However, Polkadot and XCM's collaboration will help secure communications between different blockchains, mitigating such losses. XCM v3 can connect blockchains to smart contracts running on various virtual machines, substrate pallets, and over bridges. Furthermore, it can connect networks with different consensus mechanisms, such as a PoW network like Bitcoin and a PoS network like Polkadot.

As a result of this partnership, DeFi developers can use any blockchain and tap into Polkadot to scale to different chains without compromising security, fostering the growth of multichain DAOs in the billion-dollar market.

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**Story 6: TMS Network Thrives in Crypto Market as Solana and Aptos Struggle with Adoption**

![](https://storage.googleapis.com/papyrus_images/8e8c331e6383d074c6093f7a7980adbe59e41b3a53ca5f433b998726d28b1748.jpg)

TMS Network (TMSN) stands out in the crypto market with its innovative platform, providing user-friendly solutions, lightning-fast transactions, and attractive presale opportunities. As the third stage of its presale round progresses, TMSN tokens are available for $0.08, with a 75% deposit bonus. The project has gained significant traction, increasing its value by 2500% from its initial price of $0.003, and is set to be listed on the Uniswap exchange in June.

In contrast, Solana (SOL) is struggling in the metaverse market, with a 60% decrease in active wallets over the past three months and a DeFi market share of less than 1%. The launch of Saga, a security-focused crypto-first Android device, has not been enough to recover Solana's momentum, as the token trades 90.51% lower than its all-time high.

Aptos (APT), which recently launched a $20 million Artist Grants Program to attract Web3 talent, faces low adoption and insufficient infrastructure. Although the program may draw attention to the project, Aptos needs to overcome these challenges to succeed in the long run. Currently, Aptos trades at $11.64, with a 7-day increase of 3.55%, but a 24-hour decrease of 7.92%.

As TMS Network (TMSN) dominates the crypto scene with its innovative Web3-based social trading infrastructure, Solana (SOL) and Aptos (APT) need to address their adoption and infrastructure challenges to remain competitive in the rapidly evolving market.

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**Story 7: Filecoin Web Services Launches as Open-Source Alternative to AWS and Azure**

Filecoin, a decentralised storage network based on the Interplanetary File Storage (IPFS) protocol, is taking on centralised cloud storage platforms like Amazon Web Services, Google Cloud, and Dropbox with the launch of Filecoin Web Services (FWS). FWS is a set of compute and storage technologies built on top of the Filecoin network designed to scale the adoption of decentralised cloud storage. The launch aims to attract a new generation of decentralised file storage users, particularly targeting mainstream institutional adoption.

[https://twitter.com/Filecoin/status/1650548426164121620?s=20](https://twitter.com/Filecoin/status/1650548426164121620?s=20)

FWS comprises various components, including computing, storage, and networking resources, enabling developers to build decentralised applications. The Filecoin engineering team's goal is to achieve the benefits of cloud-level developer experience while incorporating the transparent and open-source incentivisation layers that decentralised networks provide.

The FWS lineup consists of Estuary, Delta Technology Stack, Delta Dataset Manager (Delta DM), Edge-UR, Ptolemy, Filecoin Web Infrastructure, and a storage market serving as an information hub for data storage products. To onboard data on the Filecoin network, users need specific tools and applications to interact seamlessly with the network. Filecoin has partnered with data management projects like Radiant Earth, SUCHO, and Encloud to facilitate this process.

By offering an open-source alternative to centralised cloud storage platforms, FWS aims to drive the adoption of decentralised cloud storage and help Filecoin grow into a flexible, secure network, appealing to a broader range of users.

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**Story 8: Polygon Partners with Google and W3W to Launch Largest EVM-Compatible dApp Store**

Polygon (MATIC) has revealed a partnership with W3W to launch the largest EVM-compatible dApp store, powered by the open-source dApp Store Kit built on Polygon. This community-led project enables users to create their own EVM-compatible dApp store, setting branding, pricing, and distribution rules. W3W will develop a recommendation module plugin, leveraging users' on-chain data to offer personalised dApp recommendations and valuable dApp intelligence.

[https://twitter.com/0xPolygonLabs/status/1650964960539705344?s=20](https://twitter.com/0xPolygonLabs/status/1650964960539705344?s=20)

SendingMe will demonstrate the dApp Store Kit's versatility by incorporating the dApp store experience into its token-gated community chat app, with private invite codes distributed at the consensus2023 event on April 25.

Polygon is also joining forces with Google Cloud to support Web3 projects and startups in accessing up to $3 million in investments from Polygon Ventures Ecosystem Fund, Priority Reviews, and All Polygon Venture benefits. This initiative follows Google's call for seed to Series A Web3 projects.

Polygon has secured numerous high-profile partnerships, including CRM software company Salesforce, to enable clients to develop NFT-based loyalty programs, and Immutable to create a dedicated gaming blockchain using zero-knowledge technology. Major gaming projects and publishers, such as Ubisoft, Atari, Animoca, Decentraland, Somnium Space, and The Sandbox, are already building on the network.

A DappRadar Blockchain Games Report revealed that the number of Unique Active Wallets engaging with games on the Polygon network reached 138,081 in March, a 53% increase from February, surpassing Hive and BNB. This growth has been attributed to the Hunters On-Chain game by BoomLand, which experienced a 17,000% increase in UAW in 30 days.

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**Story 9: TinyTap Raises $8.5M to Revolutionise Education with Web3**

TinyTap, an Animoca Brands subsidiary and leading edtech platform for user-generated educational games, announced raising $8.5 million from investors such as Sequoia China, Liberty City Ventures, Polygon, and others. The funding aims to support TinyTap's business expansion and the development of an alternative Web3 education system that better values teachers by providing improved earning opportunities and enabling parents and communities to support and promote their preferred educational materials.

[https://twitter.com/Crypto\_Dealflow/status/1651153258356801538?s=20](https://twitter.com/Crypto_Dealflow/status/1651153258356801538?s=20)

In 2022, TinyTap launched its Web3 strategy with two successful auctions of Publisher NFTs, which generated 243 ETH (approximately $352,000 at the time of auction). Publisher NFTs are a new concept introduced by TinyTap to better empower, reward, and incentivise educational content creators and publishers. Each Publisher NFT represents co-publishing rights to one TinyTap Course, a curated bundle of educational games made on the TinyTap platform by one teacher in one specific subject.

[https://twitter.com/TinyTapAB/status/1644138626924662784?s=20](https://twitter.com/TinyTapAB/status/1644138626924662784?s=20)

When these NFTs are sold, the proceeds are shared with the Course creators, and the NFT buyers assume the role of co-publishers. In return for promoting and marketing the associated Courses, the buyers share in the benefits generated from co-publishing efforts. Since the TinyTap Publisher NFTs were auctioned in Q4 2022, the average income to NFT buyers resulting from their co-publishing efforts amounted to approximately 8.2% (or 19.7% annualised) of the purchase price of the Publisher NFTs\*.

The Publisher NFT model benefits the creators of educational content, the buyers of the Publisher NFTs, and TinyTap, allowing creators to focus on generating quality content while TinyTap and the NFT buyers distribute and promote the content.

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Thank you for reading this week's edition of the No Standing Weekly. We hope you found it informative and enjoyable. If you're not already a subscriber, be sure to sign up to receive our newsletter every week and stay up to date on the latest and greatest in the world of Web3. We'll see you next week with even more news and updates! Thanks for reading, and we look forward to bringing you the best in Web3 content.

![](https://storage.googleapis.com/papyrus_images/ad61a20316c2eb7c515aac1ca1601b985bc0147e4f0e14e8bf091a558edead0e.png)

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*Originally published on [No Standing Web3](https://paragraph.com/@no-standing-web3/no-standing-weekly-recap-2023-edition-012)*