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Quick Take

• TreasureDAO is a decentralized NFT infrastructure on Arbitrum that bridges a growing network of play-to-earn (P2E) metaverse projects.
• It is a Loot derivative project that had a fair launch.
• Metaverses in this ecosystem are powered by MAGIC tokens and are linked to each other by lores, transferable assets, and token economics.
• It aims to develop an infrastructure that consists of essentially four different lego bricks: a foundation for other projects, a P2E game, interoperable assets, and an NFT marketplace. It may turn out to be extremely challenging to build all these facets at once. 

Quick Take

• NFTfi is an Ethereum-based P2P lending marketplace where individuals can borrow ETH or DAI against their collateralized NFTs.
• Total loan volume on NFTfi has surpassed $200 million, though it has only pocketed less than $400,000 in revenue since its inception 2 years ago.
• This research article will look at NFTfi’s economics, including the LTV ratio, default rate, and the risks of taking out non-recourse debt in terms of NFTs.
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The Forum will focus on projects focused around implementation prototyping, hackathons, plugfests and open-source tooling.

The post Tech giants opt into newly-formed Metaverse Standards Forum appeared first on The Block.

This report analyzes the current state of Bitcoin’s expansion beyond its core base layer protocol in two key areas – (i) payments and asset issuance protocols and (ii) general-purpose protocols. It gives an overview of projects in both areas and compares them based on design trade-offs and performance metrics.

The post Bitcoin: Beyond the Base Layer- Commissioned by Trust Machines appeared first on The Block.

Mintables will make it easier and cheaper for beginners to mint their first NFTs and remove the need for cryptocurrency to do so.

The post Quidd launches feature to mint and unmint digital collectibles into NFTs appeared first on The Block.

The crypto exchange plans to enhance its newly launched FTX Stocks offering with the deal.

The post FTX US is acquiring equities clearing startup Embed Financial appeared first on The Block.

The Solana whale who came on the verge of getting liquidated last week has started moving their funds to mitigate risk to Solend.

The post Solana whale shuffles $25 million to reduce risk to DeFi protocol Solend appeared first on The Block.

Ethereum’s Vitalik Buterin criticized bitcoin models like ‘stock-to-flow’ as harmful, and deserving of mockery on Tuesday.

The post Vitalik Buterin critiques stock-to-flow model as giving ‘false sense of certainty’ appeared first on The Block.

The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’

The post BlockFi secures $250 million credit facility from FTX appeared first on The Block.

The Solana-based marketplace for non-fungible tokens (NFTs) plans to launch on more blockchains in the near future.

The post Solana-based NFT marketplace Magic Eden reaches $1.6 billion valuation appeared first on The Block.