1. Chainlink’s weekly summary

a. Chainlink Labs has introduced PoR, assisting CEX in prove its asset reserves. link

On November 11, Chainlink Labs introduced proof-of-reserve (PoR), a new service meant to assist exchanges in demonstrating their asset reserves. POR is a tool that enables people to verify the reserves of cryptocurrency exchanges in real-time, and certain exchanges have made their reserves publicly accessible. The service employs Chainlink nodes connected to the exchange’s API and vault address, which are in turn coupled to a reserve proof smart contract that can be queried by any account on the network to determine if the exchange’s assets and liabilities are equal.

b. Chainlink is collaborating with MVGX to investigate crypto carbon trading. link

Metaverse Green exchange (MVGX), a blockchain carbon credit exchange based in Singapore, will collaborate with Chainlink, a distributor of encrypted data, to investigate roasted carbon trading. MVGX is a token exchange that facilitates the trade of carbon credits, and it has recently published the Carbon Credit Token-Carbon Neutral Token (CNT) on Ethereum.

2. Aptos has partnered with Google Cloud to launch an accelerator program link

At Token 2049 London on November 10, the public chain project Aptos announceds a cooperation with Google Cloud to support some of its verification nodes and other services. The Aptos blockchain will also be indexed and included into the BigQuery service offered by Google Cloud. The following year, Google and the Aptos Foundation will also start an accelerator programme and co-host a hackathon.

3. Solana’s weekly summary

a. Solana Foundation: 63 million SOL will stop stake at the end of Epoch 370.

Due to the Hetzner policy change, the Solana Foundation informed on its website on November 10 that 28.5 million SOLS from around 250 accounts are slated to cancel their staking at the end of Epoch 370. That constitutes around 5.4% of the overall supply.

b. 28,5 million SOLs have been re-staked to the Solana Foundation.

The Solana Foundation announced on November 10 that Hetzner terminated many of Solana’s independent validators on November 2 due to a change in Hetzner’s policy. In spite of the fact that the 28.5 million SOLS were re-staked during this time, the cancellation has been postponed and all 28.5 million SOLS have been re-staked.

c. Solana tokens plummeted in price below $15 link

This week, the price of Solana’s original token, Sol, was reduced by more than 60 percent to as low as $12.93, causing community and investor excitement. In the meanwhile, Crypto.com has halted stablecoin deposits and withdrawals on Solana, and OKX has declared that it will eliminate Solana futures.

d. dYdX has temporarily halted the opening of SOL-USD contracts. link

Due to the extreme market volatility, dYdX, a decentralised exchange, tweeted on November 10 that the SOL-USD contract would transition to liquids-only mode, preventing the opening of new contracts. As previously stated by dYdX, the initial margin of the SOL-USD contract was increased to 100%.

e. Solend DAO’s Treasury will cover $6 million in bad debts link

Solend, a loan arrangement on Solana, accumulated $6 million in bad debt on November 10 after the price of Solana (SOL) dropped dramatically. Solend stated that the liquidation will proceed gradually, with the Solend DAO Treasury covering bad debts.

f. Solana will provide more support for the Euro Stablecoin (EUROC) link

Circle, a stablecoin issuer, has stated that support for the Euro Stablecoin (EUROC) would be introduced to the Solana chain, and the migration to Solana will enhance on-chain FX capability. Euro Coin was introduced in June on the Ethereum blockchain and is supported by a combination of cash and European government debt. Currently, EUROC has a market capitalization of $80 million.

4. Helium’s weekly summary

a. Helium founder: Continuing to ship Helium to Solana link

Amir Haleem, the creator of Helium, stated on November 10 that the firm would still adhere to the HIP-70 results and migrate Helium to Solana’s network. Amir Haleem asserts that the evaluation criteria for Layer1 blockchain have not changed since HIP-70 was suggested, and market disruption was not a consideration in the decision.

b. Helium aims to offer Solana Web3 Saga users SIM cards and free trials. link

On November 7, Helium, a decentralised wireless network, and its development team Nova Labs announced that they will sell SIM cards and free trials to consumers of Solana Labs’ new Saga phones. Under the terms of the agreement, it is believed that Saga phones sold in the United States will come with a complimentary 30-day subscription to Helium Mobile, although the businesses declined to disclose the plan’s financial details.

5. Game of Chains, the third public test network for Cosmos, is now alive. link

The third public incentive test network on Cosmos Hub, Game of Chains (GoC), was formally launched on November 8, 2022. More than 150 validators will take part in the Testnet challenge over the next two to four weeks. The infrastructure of the test network will consist of a provider chain, multiple consumer chains, an IBC repeater, and support services. The cross-chain Security (ICS) capability will be accessible on Cosmos Hub in January 2023.

6. Near pubulished it’s protocol roadmap for 2023–2024 link

On November 12, NEAR issued the 2023–2024 Agreement Roadmap. In the next two years, NEAR will deliver two waves of shards as well as a number of significant features. The release of Phase2 is anticipated for 2023, and Phase3 shards will be supplied in 2024. The roadmap includes features such as meta transactions, zero balance accounts, Secp256r1 secret keys, global storage, and the ability to execute wasm within wasm.

7. NFT’s weekly summary

a. The NFT community platform Lockerverse has been selected for the Disney Accelerator programme and partnered with ESPN. link

On Thursday, November 12, The Walt Disney Company will host Disney Accelerator Demo Day to highlight the six startups participating in this year’s Disney Accelerator programme, according to company officials. These include Polygon, Flickplay, a Web3 social app, Inworld AI, a platform for generating interactive AI avatars, Lockerverse, an NFT community platform, Obsess, an immersive e-commerce platform, and Red 6, an augmented reality startup. Lockerverse, an NFT community platform, has teamed with ESPN, a Disney company, to offer the free Celebration Bowl Trophy NFT on December 17.

b. Polygon is creating its own NFT proof of concept to identify Disney employees on special occasions. link

According to its official Twitter account, Polygon announced a partnership with The Walt Disney Company on November 11 after participating in the Disney Accelerator. Initially, Polygon is creating a proof of concept for exclusive digital souvenirs that will identify Disney employees on special occasions.

c. Yuga Labs supports preserving NFT creator royalties through an authorised list. link

Wylie Aronow, co-founder of Yuga Labs, proposed on November 9 the establishment of an allowed list that would check wallet addresses and smart contracts known to respect royalties to preserve creator royalties for new NFT contracts. A transaction only takes place if the permitted list finds a smart contract trade request from an NFT market that respects royalties.

d. Flowcarbon, a blockchain firm, has launched its carbon offset NFT project Flow3rs.

On November 8, Flowcarbon, a blockchain-based company formed by WeWork co-founder Adam Neumann, will launch a non-profit carbon offset NFT series called Flow3rs. Seventy-five percent of the proceeds from the 200+ NFT series will be utilised to acquire carbon offset credits, with the remainder going to artists and service suppliers.

8. Magic Eden’s weekly summary

a. Magic Eden suggests a new NFT norm: Technically compliant royalties

Jack Lu, co-founder and CEO of Magic Eden, presented a new NFT standard that would technically enforce royalties on November 8. Lu stated that implementing the standard might establish a new asset class for those seeking royalties or new business models.

b. Magic Eden launchpad platform supports for semi-homogeneous token SFT link

On November 7, NFT marketplace Magic Eden’s Launchpad platform announced support for semi-homogeneous Token SFT (Semi-Fungible Token). Tomorrow, it will debut Star Atlas’ new SFT-based graphic book CORE Episode alongside Solana’s eco-metaverse game Star Atlas. SFT can assist Web3 game players have a more enjoyable gaming experience, and for game producers, SFT minimises the number of resources required for crafting and trading during gameplay.

9. Horizon Labs reveals the ApeCoin DAO staking system’s user interface link

Horizon Labs, the company responsible for creating the ApeCoin DAO staking system, uploaded the ApeCoin DAO staking user interface to its official YouTube account on November 7 and explained how it works to the community, including the back-end technology that occurs when APE holders deposit, receive rewards, and withdraw APE tokens from the ApeStake.

10. Ajuna Network, a Boca Eco-chain tour platform, has won the 31st round of the Boca Parallel Chain Auction. link

Ajuna Network, a Boca Ecochain tour platform, secured about 87,000 DOT to win the 31st round of the Boca Parallel Chain Auction on November 7. There are about 700 participants in the Ajuna Network crowdlending, and there will be 900,000 AJUN prizes issued.

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