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Fake World Assets is now live™ A new way to buy and sell NFTs. fwa(dot)fun
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Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April. The updated strawmap is at and I attached a picture of it to this post. My own high-level takeaways: * "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced: - Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol - Replacing everything quantum-vulnerable with quantum-safe alternatives - Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today - Multidimensional gas - State: not just tree structure, but what *types* of state are available - Changes to client architecture ... At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again. * H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another. * Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?" * Formal verification of everything for security. * FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM. * Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months) * Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount. eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state) Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees. Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration. * In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area. * Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V. My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away. * Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes. Ethereum is CROPS. Ethereum is scaling. Ethereum is reinventing itself. Onward.
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So @prism_lp is one of the smartest things I've seen on CT as of late. Here's the simple version: the token itself is the liquidity position. You just hold $PRISM in your wallet. No staking, no extra contracts, nothing complicated. Every full unit automatically gives you one of the 5,000 Prism NFTs that owns a piece of the main LP pool. Swaps on that pool send fees straight to the holders. Super clean. And it gets better. When people trade the index tokens built on top, some of those NFTs get burned forever. That makes your share bigger over time. They've already paid out over $130k in real fees to holders in the first month, and more is coming. Then there's Spectrum. It's a launchpad where anyone can create their own on-chain baskets or ETFs in one click. Think AI projects, gold mixes, whatever. The people who make them earn a cut, the basket holders earn fees too, and Prism holders get the biggest piece. No management fees, you actually get paid to hold the basket. It's simple ownership that actually works. Hold the token, earn real yield, watch the supply shrink. This is what good DeFi primitives should feel like. Definitely one to watch. DYOR of course. Shoutout to @OGDfarmer for bringing this on my timeline.
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Just swept a few @TheGloobs 🧹 I hadn't bought any NFTs for a while, but after looking through a bunch of collections today, Gloobs stood out as the one I wanted to accumulate. 👻 The team is still building and fully backing the project. 👻 200+ ETH in volume 👻 Great art 👻 Strong community To me, everything looks solid. Higher
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Introducing FakeWorldAssets™ A fully onchain protocol where deposited NFTs, each backed by depositor ETH, become positions others acquire at random.
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Can we go back to buying NFTs based on their traits, rarity and art instead of buying them just because a certain wallet did? I’m tired of this keyboard war.
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Are there any opportunities to make money besides being a KOL and shilling casinos? NFTs and memes are dead, leverage is a way to lose it all. Seriously asking.
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You and your AI agent can now trade onchain through OpenSea. Swap tokens, buy NFTs, and mint drops across 6 chains. No signup. No setup. It just works. OpenSea is now a plugin on @base MCP 🌊
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Obsidian x MintPad Strategic Partnership 🤝 We are entering a strategic partnership with MintPad to bring NFT minting and a full NFT marketplace directly into the Obsidian UI. Soon, users will be able to browse, buy, sell, and mint NFTs directly on Obsidian without leaving the site. Powered by @mintpadX this integration brings the missing NFT layer across Obsidian while allowing us to stay focused on core ecosystem development. No fragmented experience. No unnecessary competing marketplace. No diverted development resources. Just a seamless NFT marketplace and minting experience built directly into Obsidian. This partnership also brings fee sharing into the Obsidian ecosystem, creating an additional revenue stream that helps support long-term growth and alignment. We are aiming to roll this update today/tomorrow, with the Obsidian-hosted Card Break 1 expected to be minted through the new MintPad-powered experience. Creators, collectors, and builders this one is for you. Get ready to mint, trade, and discover NFTs directly through Obsidian.
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The future of the internet is being built today. Master Web3, Blockchain, Cryptocurrencies, NFTs, and the Metaverse with UNIC's FREE online course. 100% online Free access
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