Insights > News > The Ethereum ecosystem explodes with the use of NFTs

The Ethereum ecosystem explodes with the use of NFTs

9 March 2021

Temps de lecture 3 minutes

Julien Moretto

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EIP 1559 approved

EIP 1559 has been approved for the hard-fork London scheduled for July on Ethereum.
It is estimated that this evolution of the fee model on Ethereum will reduce current transaction costs by approximately 75% and drastically reduce volatility.

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Decentralization of Binance Smart Chain at the heart of the debate

An anonymous developer deployed a contract called “Tinenanmen_Square” on the Binance Smart Chain network.
It is a game about a topic that is censored in China.
The developer seeks to test the resilience of the Binance Smart Chain to censorship and wants to expose the low level of decentralization of the chain launched by Binance.

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Meitu positions itself in cryptos

Meitu, a Chinese public company specialized in photo retouching, has announced a $40M investment in Bitcoin and Ether.
The company has taken possession of 15,000 ETH and 379 BTC.
At the announcement, Meitu’s CEO explained that the company’s board believes that “blockchain technologies have the potential to disrupt the existing financial and technology industries, just as the mobile internet has done to the PC internet and offline business.

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AWS allows to deploy Ethereum nodes

Under the Amazon Managed Blockchain framework, Amazon Web Service (AWS), now allows customers to deploy Ethereum nodes in a few clicks.
They can connect to the main Ethereum network and access its multiple applications, as well as connect to the Rinkeby and Ropsten test networks.

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Ubisoft – Sorare partnership

Ubisoft enters into partnership with Sorare, a platform of NFTs related to soccer, and the Belgian pro league.
This partnership gives birth to a new league called the One Shot League.
Users will be able to play for free by selecting teams of five players and win NFTs when their players perform in real life.

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Yearn encourages DeFi to use their protocol

Yearn is launching a program to encourage the different DeFi protocols to use their back-end protocol.
Any application integrating the Yearn protocol will be able to earn up to 50% of the profits generated by the value they bring to the protocol.
A kind of white label for the Vaults Yearn.

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New version of Wrapped Ether available

A new version of Wrapped Ether (WETH) is available on Ethereum.
Named WETH10, this new token brings many new features such as the integration of gas-less transactions.

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RAC launches into NFTs

The rapper RAC is embarking on a new project related to the NFTs.
This time, he wants to create a creative agency for the NFTs, aimed at artists who want to get into the business.

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Kings of Leon will sell its next album as NFTs

The mythical band Kings of Leon will sell their next album, When You See Yourself, in the form of NFTs.
Token owners will be able to access limited edition vinyl, front row seats at their concerts, or audio-visual content produced exclusively for them.
This is the first group to launch such a project in the world of NFTs.

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Square buys a majority share of Tidal

Square plans to purchase a majority share of the Tidal streaming service for $297M.
The two teams aim to develop new ways to enhance the value of artists’ work.
There is no doubt that Square has many ideas related to the use of cryptographic networks to achieve their goals.

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History’s first tweet at auction in the form of an NFT

Jack Dorsey, founder of Twitter and Square, is auctioning off his very first tweet in the form of an NFT. The digital object is therefore “I create my Twttr account”, dated March 21, 2006, signed by the issuer himself.
The highest bid is currently $2.5 million.

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Grayscale invests a little more in Ethereum

Greyscale increases its holdings in Ethereum: the company bought 19,000 eth in one week, and now has 4.86 billion dollars. The institutional demand is thus prolonged on this new asset.

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Sushiswap deploys on multiple networks

The Sushiswap protocol, which had already expressed its desire to deploy their application on the Polkadot network, has just deployed its smart contracts on 5 new chains: xDAI, Polygon, Moonbeam, Fantom, and the Binance Smart Chain.
In addition, the protocol team has expressed the desire to have a version of DEX on Optimism and Solana.

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Launch of Gateway

The Gateway Network, formerly Compound Chain, is a new cross-chain announced by the Compound protocol team. This cross-chain will provide access to a cross-chain version of Compound, where collateral on one network will be able to borrow on another network.

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Injective Protocol denounces speculation

A blockchain company, Injective Protocol, bought an artwork by the artist Banksy 95000 dollars to burn it.
The video of the destruction of the work, entitled “Dumb” and denouncing speculation in the art market, was then transformed into NFT, giving it a value that the market will have to estimate.

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