Weekly Project Updates: BLAST Airdrop Goes Live, ZKsync Introduces New "Elastic Chain" Architecture, Aevo Updates Tokenomics, etc
1. BLAST Tokens Now Available for Claim, Blur Season 4 Launches link
On June 26, Blast announced on X that BLAST tokens are now available for claim, with users having 30 days to participate in the first phase airdrop. The Blast Foundation also unveiled plans for the next phase, which includes developing a full-stack blockchain and launching desktop and mobile wallets specifically designed for crypto users. Phase 2 aims to accelerate the transition from off-chain to on-chain economy through community collaboration. On the day of the airdrop, Blast network transaction fees reached a record high of $1.237 million, and the number of active addresses hit a peak of 169,000. The retention rate of users and network activity on the Blast network after the initial airdrop remains to be seen.
On the same day, Blur announced the launch of Season 4, distributing 500 million $BLAST tokens over 12 months. Users can earn points by bidding, listing, and lending on Blur.io. Top users can receive up to 2.5 times point multipliers. Loyalty is key to earning the highest rewards, with 100% loyalty maintained by listing exclusively on Blur. Lending points are based on maximum loan amount and annualized yield, with penalties for early loan closure. BLUR holders will receive 1 billion BLAST allocations in Season 3.
2. Second Round of ZK Token Airdrop Now Live, ZKsync Introduces New "Elastic Chain" Architecture link
ZK Nation announced that the second phase of the ZK token airdrop is now available for claim. Eligible users, including Protocol Guild members, external project contributors, or those nominated by ZKsync ecosystem projects, can check their eligibility immediately. This phase represents 1.91% of the total airdrop supply and will end on January 3, 2025.
Additionally, ZKsync introduced the "elastic chain" architecture in its 3.0 roadmap, transitioning ZKsync from a single ZK-Rollup to a network of multiple ZK chains. This architectural change includes resetting the ZKsync native bridge into a token vault to improve links between ZK chains. Transactions will only require one wallet confirmation without network switching or manual cross-chain asset transfers. The project aims to have more than 20 chains running on the mainnet by the end of 2024.
3. Worldcoin Announces Collaboration with Alchemy to Launch World Chain link
Worldcoin announced a partnership with Alchemy to leverage its Web3 development platform for infrastructure support of the upcoming World Chain blockchain. The new Layer 2 blockchain, World Chain, will serve as the new platform for World ID and World App. It is expected to launch this summer, optimized to provide prioritized block space and free gas subsidies for human users.
4. Wormhole Integrates World ID into Solana Blockchain link
The Wormhole team received funding from the Worldcoin Foundation to integrate Worldcoin's decentralized identity protocol, World ID, into the Solana blockchain. This integration will enable Solana-based protocols to seamlessly verify the identities of World ID users initially authenticated on Ethereum.
5. Puffer Finance Partners with Ethereum Foundation to Develop Base Rollups link
Puffer Finance, based on Ethereum's re-staking protocol, announced a partnership with the Ethereum Foundation to co-develop Base Rollups. Base Rollups alleviate the load on the Layer 1 blockchain by processing transactions off-chain. Puffer Finance's LSD technology allows Ethereum validators to reduce the required capital from 32 ETH to 1 ETH. During its mainnet testing phase, Puffer Finance achieved a total value locked (TVL) exceeding $1.7 billion.
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6. Aevo Updates Tokenomics, Commits to Monthly Buyback of at Least 1 Million AEVO Tokens link
Aevo released an update to its tokenomics, announcing that it will not continue the trading rewards program due to current circumstances. However, staking rewards will remain unchanged at 100k AEVO per week. For the rest of the year, Aevo will use protocol revenue to buy back AEVO tokens, committing to repurchasing at least 1 million AEVO per month from July to December. These buybacks will occur randomly on-chain each week, with the repurchased AEVO tokens being sent back to the main DAO treasury. Future adjustments to tokenomics, such as token burns or new reward programs, will require another vote by token holders.
7. Bitget and Foresight Ventures Launch $20 Million TON Ecosystem Fund link
Bitget has announced a collaboration with Foresight Ventures to establish a $20 million TON Ecosystem Fund, aimed at supporting early-stage projects based on The Open Network (TON) and fostering innovation and development within the TON ecosystem. Additionally, Bitget Wallet has launched a Tap2Earn section.
8. Aptos Foundation Partners with Alibaba Cloud to Enhance Japan's Web3 Ecosystem link
The Aptos Foundation is collaborating with Alibaba Cloud to strengthen Japan's Web3 ecosystem and improve regional accessibility in the Asia-Pacific area. This partnership has launched the first co-branded Move developer community in Asia, called Alcove, dedicated to promoting the smart contract programming language across the region. The Aptos Foundation will leverage Alibaba Cloud's technology to host hackathons and educational events, supporting emerging Web3 talent within the Alcove Japan community and accelerating the development of Japan's on-chain ecosystem.
9. Notcoin Burns $3 Million Worth of NOT, Will Distribute $4.2 Million in Rewards link
Notcoin announced that 91.4% of NOT Tokens are distributed across 11.5 million addresses, including traders, miners, and others. Additionally, 5.82% of tokens are allocated for future development. Moreover, NOT tokens worth $3 million have recently been burned, and NOT tokens worth $4.2 million will be allocated as rewards for Notcoin Explore's gold and platinum users.
10. Supercast Founder: Farcaster Node Operators Will Not Receive Any Airdrop Rewards link
Supercast founder Woj stated that Farcaster Hub operators will not receive any airdrop rewards. He criticized those who run Hubs solely to obtain airdrops, describing such behavior as damaging to the network and detrimental to other users. Woj emphasized that running a Hub should only be done when genuinely necessary and affordable. He also mentioned being unaware of any airdrops and suggested that users disrupting the network with spam should be barred from participating in any Farcaster-related airdrops.
Additionally, Farcaster co-founder Dan Romero announced a new in-app payment feature using the USDC stablecoin on Friday. This tool, built for the Farcaster client Warpcast, allows one-click payments in USDC through users' profiles or the app's messaging platform. It addresses the long-standing issue of paying people with cryptocurrency by eliminating the need to find someone's alphanumeric wallet address. Since Farcaster identities are human-readable, this process becomes much simpler.
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