Issue #50: Putting ownership in the hands of gamers and devs, LayerZero’s wstETH bridging support, C-Chain gets off-chain computation services, and more.
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Weekly Avalanche Overview

Data pulled: 10/27/2023

Total Transactions: 6.4M
Gas Used: 6.8T
Total Stake: 245.7M

Announcements

Merit Circle DAO Launches BEAM Subnet

For Gamers and Devs That Care, Merit Circle 🫶

Source: European Gaming

Blockchain isn’t all about DeFi. Merit Circle DAO is making sure of that by creating a way for gamers and devs to truly have a say (and ownership) in the games they play: the Beam Subnet, which has officially launched on Avalanche Mainnet.

“We don’t get enough say in the games we love because we don’t own any of it. A new era of dialogue between gamers that care and developers that care is about to begin. The transparency and ownership that Web3 provides is the reason that this is inevitable.”

- Brandon Aaskov, CTO of Merit Circle

What's Merit Circle's Goal? What’s Merit Circle’s goal? Transparency, ownership, and making sure gamers’ hard-earned items are useful IRL. Want to sell your battle-hardened equipment for actual $$? Beam lets you do that. Want to focus on gaming, not crypto? Beam lets you do that. Want to be a part of a gaming revolution? Beam lets you do that.

What else?

P.S. The Merit Circle team hosted a virtual keynote with all the juicy details, which you can watch here.

Source: Lido

Avalanche, BNB, and Scroll are all getting a seamless wstETH bridging experience, thanks to our pals at LayerZero.

Get ready for instant finality, an improved user experience for wstETH users, and more adoption. Score.

Learn more →

Source: Avalanche Developers

Meet Chainlink Automation 2.0. It unlocks novel use cases faster, easier, and with more config flexibility. Now, meet Chainlink Functions 1.0, which offers seamless integration capabilities, cutting-edge security, and configurable limits.

And guess what? They’re both live on the C-Chain 😜

Learn more →

Tokenization 101: The Infra Driving Tokenization Forward

Source: Avalanche

Finance is seeing the seeds of a quiet tokenization revolution sprouting. According to the World Economic Forum, the tokenized market could reach a staggering 10% of global GDP in just around six years. What does that mean?

That you’ve got some reading to do. Learn more about the infrastructure behind tokenization, and get ahead of the game.

Go beneath the surface →

Owl Explains: What’s Next for Blockchain and Crypto Policy in the EU and the US?

To find out, Chief Owl Lee Schneider spoke to policy experts from key blockchain trade associations on both sides of the pond. In this episode of Owl Explains, Lee sat down with policy experts Alison Mangiero, Kristin Smith, Marina Markezic, and Tommaso Astazi to discuss a few simple things policymakers could do this year.

Tune in for the lowdown on the discussions shaping the policy and regulatory framework for Web3, straight from our expert guests.

Listen to the podcast →

Builder Spotlight

Eric Forgy

CavalRe

Eric Forgy, Founder of CavalRe, has a Ph.D. in physics, worked on ballistic missile defense at MIT’s Lincoln Lab, and had a stint on Wall Street. Now, he’s on a mission to rebuild global capital markets on-chain. His current project? Multiswap, an AMM pioneering new, more complex possibilities that expand how users can transact.

What’s the recipe for Multiswap’s secret sauce? Multiswap aims to eliminate fragmented liquidity and innovate with self-financing trades. What does this mean for the future of DeFi?

Find out →

“My vision for my whole career has been to fix capital markets...I don’t know of any other chain that makes sense to do this except Avalanche.”

This week in Web3

Mastercard Wants Crypto Cards and They Want Them BAD 👀

Source: CoinDesk

Let's take a step back. Earlier this year, Mastercard had its heart set on bringing new crypto card programs to market. For example, it expanded its Engage program, which allows for crypto-to-fiat conversion and more. Now, it's looking to partner with self-custody wallets like Ledger and MetaMask to get their idea off the ground.

Why? It’s a lot easier to spend money using a card than it is to carry cash around. Mastercard thinks a crypto card will help digital wallet companies increase their user base, build loyalty, and introduce other revenue streams. What’s in it for the cardholder? According to Mastercard, the opportunity to spend crypto frictionlessly.

Learn more

This Week’s Twitter 🧵

This Week’s Spaces

Art on Avalanche

02 – @aaronhuey + NFT discussion. With @SuperChiefNFT

October 25

Play recording

The Tie

The Tie Builder Series October – Disrupting the Insurance Market

October 26

Play recording

ICYMI

  • Results
    How SK Planet’s On-Chain Initiatives Impact Business.
    Avalanche →
  • Community
    Developer Community Call.
    Avalanche →
  • Results
    How Avalanche Subnets Let Beam Balance the Needs of Gamers and Validators.
    Gaming on Avalanche →

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