Daily Crypto NewsEDITION #306, 20 May 2022

Gem City chooses a new logo

Hey Moni Maker 👾

Today, the Gem City DAO has come up with a new proposal. It says that the city's people need to get their act together and come up with a new logo for the city. For the best logo, DAO will pay 1000000 gems.

Follow our Telegram and Twitter to the logos would be fantastic! And remember...

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claim Bridge rewards 

1) https://rift.finance/

Go-go-go! Bifrost is the kind of web3 protocol that provides cross-chain liquidity for staking and auctioning on Kusama and Polkadot. XCM, i.e. the cross-chain message, will allow you to enjoy liquid staking in multiple chains. In short, liquids for the chains, yes, more!  

The guys recently added Ajuna so that you can try it   

DYOR? The link is here 

Ethereum's long-awaited move to Proof-of-Stake could happen this summer in August because of the imminent complexity bomb, which is the kind of chip encoded in the blockchain that deliberately slows down the network. Ethereum developers decided not to update the network in May, not to carry the bomb, but it's time for a new one in August. Why this? 

- To encourage developers to move faster down the Proof-Of-Stake path. 

- To make it harder for miners to stay on Proof-Of-Work 

What other purpose does the move to Proof-Of-Stake have? 

Many are waiting, for there should be a reduction in ETH output of around 90%. Less supply - higher demand - higher price. 
  

Yesterday they wrote about the Ropsten merger here. And you can read about PoS and PoW here.

So, time for an AMA? Let's go point by point: 

Who's coming: FujiDAO

What time: May 20, 15:00 UTC (Today)

Question form: located here. The four best questions will get 50 USDT each

And where will it be: In our chat room.   

AMA will be in English! 

The renowned Linktree, aka all-links-in-one-place service, has announced the addition of the Linktree Web3 feature. What this function is, let's find out.

The feature implies a link to the NFT gallery, where creators can add the URL of an OpenSea collection for others to preview, with the ability to connect MetaMask wallets.

In addition, similar to Twitter's NFT features released back in January, Linktree will allow creators to showcase their NFTs as displayable images or backgrounds on their Linktree profiles. These features are the result of a collab with OpenSea.   

One of Terraform Labs' investors, Pantera Capital, went into cash out of its investment in LUNA long before the whole UST bacchanalia.   

One of Pantera's chief investment officers, Joey Krug said: "Well, the market was up last year, so we fixed profits; we don't need to look at the x's for nothing. We're sold 80% or so and we're good."

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