Chain Reaction - 24th October 2022
Back to events in Sydney over the next few weeks
Recovery week this is, with Aus DeFi in Sydney doing an event next week with Haymarket HQ as part of the Spark Festival. More details here https://www.meetup.com/australian-defi-association/events/288983987/
Our Brisbane Meetup went well by all accounts so that was great! A diverse range of speakers again and you can check out our posts about it here:
And this video
Heading down south in Melbourne we saw the official launch of the amazing space of Upside DAO. We’ll do our next event with them in November down there so watch this space. For now, check out these photos and videos from their launch party
Finally, we had a great Spaces discussion on Monday too and it looks like Twitter is no longer taking down Spaces older than 30 days (which forced us to download them before). Very heavy on CBDC and regulation and a great balanced chat so check that out here
Listen in tonight for our next Spaces event - if you follow us on Twitter you’ll see it on our profile.
This week we have our Aus DeFi meetup in Sydney (at Haymarket HQ). Sign up here - https://www.meetup.com/australian-defi-association/events/288983987/
Then next week we’re doing another event with the layer 2 folks at StarkWare (also at Haymarket HQ) - sign up here - https://www.meetup.com/australian-defi-association/events/289041835/
More opinion than news but given how much more sanctioned it appears Ethereum is becoming, there are talks of a split again, but not based on its validation process.
In big news for layer 2 scaling solutions we saw one of the biggest names in the DeFi space (UniSwap) make a big call with choosing zkSync as their preferred solution (at least their community chose it)
In local news, this piece on Holon should send a signal to local web3 projects especially given that this team dotted the "I'd" and crossed the "T's" when it comes to regulation as they rolled out their ETFs earlier this year. Even trying to abide by rules governing what can be sold to retail users (target market determinations), crypto was considered not to fulfill that. Worth keeping an eye out because it's arguable that many more providers aren't even close to trying to comply so what more happens to them?
Over to gaming and there was this Bloomberg article on gamers fighting against NFTs -
Ironic statement below when gaming is highly environmentally harmful too
Aptos, the new project from the minds of Facebook/Meta's Libra (then Diem) projects is showcasing redflag signs
More details from the Defiant are also available in this article - https://thedefiant.io/aptos-draws-fire
We saw these common web3 searches thanks to @comeandzee on Twitter
Over to gaming and Catheon (who we’ve had present at our meetups) had this bit of news out https://cointelegraph.com/press-releases/catheon-gaming-launches-its-gamefi-accelerator-program
In non-crypto related news, the hack of Medibank highlights the issues being faced by centralised services (e.g. most of web2). Does it mean that we need to decentralise everything? No. But we do need to have better systems whether decentralised/partially-decentralised or other. Ihttps://www.theguardian.com/australia-news/2022/oct/20/medibank-says-sample-of-stolen-customer-data-includes-details-of-medical-procedure
Aus DeFi member and Airtree VC analyst Steph Bazley pointed out more in her blog on this and other data breaches
Not much change across the top 10 cryptocurrencies.
Then its over to DeFi Llama to see that total value locked has also remained at similar levels since mid-2022
See you again next week for more news updates.
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