What Happened on Mar. 1st | Bitcoin Layer 2 is Hot
Stacks is a Bitcoin L2 for smart contracts. It has a separate ledger to store data outside Bitcoin L1, and developers can build any app on it. Whatever you can build on Ethereum, Solana, you can build on Stacks L2s.
The ecosystem of Stacks now includes:
Stackswap: The First Complete DEX on the Bitcoin Network
ALEX: another DEX with Launchpad and orderbook exchange
Zest Protocol: A lending protocol, enables Bitcoin liquidity providers to earn Bitcoin yield
Arkadiko Finance: a MakerDAO style stablecoin protocol on Stacks
Gamma: the biggest NFT marketplace on Stacks, you can now even see Ordinals at it
Biggest Gainers & Losers
Visa Denies Reuters' Report, Insists on Further Partnerships with Crypto Companies: Cuy Sheffield, head of crypto at Visa, denied Reuters' report saying that Visa and Mastercard were pausing their plans to launch new partnerships with crypto firms. He said that Visa's view on crypto has not changed.
Ethereum Foundation Announces New Grants Round to Support Development Around Account Abstraction: Vitalik Buterin has been a vocal proponent about account abstraction. Account abstraction aims to simplify the UX in Web3 apps. It moves the complexities of custody, wallets, and blockchains to the background and replaces them with familiar UX.
Former FTX Engineering Director Nishad Singh Pleads Guilty to US Criminal Charges: Nishad Singh, former FTX Engineering Director, pleaded guilty to six US federal criminal charges on Tuesday, and agreed to cooperate with prosecutors' investigation into SBF.
Hot projects on the market
Illuvium will Launch New Game "Beyond" on March 7th
Conflux Raises $10M from DWF Labs
Solana-based DEX Phoenix Launches Beta on Mainnet
The Sandbox Acquires German Game Development Studio Sviper
Lido Community Starts Voting for Lido on Ethereum V2 Upgrade
Magic Eden and Polkastarter Gaming partner up to create a more inclusive gaming ecosystem
Chiliz Launches $50M Incubator Chiliz Labs
0x Labs Launches Tx Relay API on Ethereum and Polygon, with Robinhood Wallet as first partner
Other news in case you missed it:
Voyager Digital Received a One-Page Net Asset Value Statement From Three Arrows for Due Dillgence
Binance Labs Invests in Crypto Venture Fund Nomad Capital
Binance AI Product Bicasso Beta Is Now Live