Daily Crypto NewsEDITION #343, 13 July 2022

Gem City introduces regulation of NFT collections

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Today, Gem City DAO decided that regulation of NFT collections should be introduced for a while so that builders don't go crazy and inflate flщor artificially.

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Symbiosis testnet

1) https://rift.finance/

2) https://teletype.in/@cryptocholy/research.sequoia   

3) https://koii.network/

Have you been ordering L-1 blockchains? Sei Network is the kind of L-1 blockchain that focuses on order books. The blockchain was built using the Cosmos SDK and the Tendermint kernel, and it also has a central limited order book register (CLOB) module. In short, that is: decentralised applications that have been built on Sei can build on CLOBs - and other Cosmos-based blockchains can use these CLOBs as a liquidity hub, thereby creating markets for any assets.  

That is: Sei serves as the infrastructure and shared liquidity hub for DeFi applications. Well, reliability, security and high bandwidth are all on the list, it's all there. At least that's what the developers assure us. 

The guys have also started a test run. DYOR? You can click on the link. 

Symbiosis is a liquidity aggregation inter-network protocol which has decided to remind people that it has an SIS token and why it's needed. And the guys also announced staking, farming and testnet with regards. UFFF, let's have a look.

The SIS token is needed to manage the Symbiosis ecosystem, used for staking, to run a node in the relay network and as a user reward. You will receive veSIS tokens for staking, the number depends on the share size and the amount of commission charged from the liquidity pools owned by Symbiosis, and rewards are awarded every week.

veSIS is currently in the BNB Chain test network to adapt it for the final launch, which is planned for August 2022. During this time, you can test the functionality, and there will be rewards for this! Click here for more details.

Guys from Arbitrum have rolled out a post saying we are ploughing on and ploughing on a whole Arbitrum Nova. What's this? 

- Arbitrum Nova is built using AnyTrust technology

- It's the counterpart to Arbitrum One, which is the chain that was built using Arbitrum Rollup technology

SO WHAT   

- And now, there are two chains that together will be able to support almost all use cases 

So, Nova will be the solution for gaming and social apps, but Arbitrum One will be for our DeFi and NFT projects. So-so, everything will be offloaded and scalable  

There is a Fair Launch, so if you are a developer, you are welcome to build at the link

Press: CryptoPunks - new version. NFT on...(RIP)PLE?! Interesting collections. Digest is an aesthete!

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