Base's Creative Gem
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Sponsor: Kraken NFT — Kraken NFT is built for secure NFT trading.
- 📈 Lens's new milestone. Lens continues to grow, as the rising crypto social network just surpassed its 500,00th onchain profile created—next up, 1 million?
- ☕️ Coffee Days 2024. As part of Onchain Summer, Base just unveiled a Coffee Days NFT, with each mint going to sponsor one onchain coffee purchase at participating shops like Noun Coffee in Los Angeles.
- 📱 Firefly's fresh integration. Adding to its support for Farcaster Frames and Lens Open Actions, the crypto social aggregator platform integrated Solana Blinks, paving the way to streamlined in-app Solana transactions.
Base is currently the second-most teeming Layer 2 (L2) network behind only Arbitrum in activity and scope.
A big reason for this success is the high number of unique apps in Base’s ecosystem, i.e. projects that aren’t available on any other chain.
That said, in Base’s app scene one project stands out as a particular bright spot to me, and that’s BasePaint.
BasePaint is a collaborative “everydays” app where people come together to create daily pixel art canvases, and it’s an interesting time to take its pulse as the platform just celebrated its first birthday.
Let's see where the app stands today! 👇
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This week, Zora introduced a protocol upgrade that launched onchain secondary markets for its NFT mints.
In short, the new system makes Zora's ERC-1155 NFTs wrappable into ERC-20 tokens so that they can be easily bought and sold on Uniswap after mints close.
The update also introduced creator rewards for all Zora secondary sales and dropped Zora’s mint fee from ✧777, i.e. 0.000777 ETH, to ✧111, i.e. 0.000111 ETH. If you don't recognize this new denomination, read up on Sparks.
Bottom line, this is an innovative new approach to NFT collecting, and it’s already led to a fresh surge of activity on Zora and the first drop trading like a memecoin.
Interested in trying? Just find a new Zora release whose mint phase is already done, like Limitless, and press the "Buy" button. Under the hood, you'll be swapping decentralized exchange style!
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.