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Introducing Bonsai, an Optimistic L3 scaling solution

Bonsai serves as a scaling solution that processes Polygon transactions off-chain, achieving hyperscale and reducing costs.

May 2nd, 2023

As promised last week, here's a link to get early bird tickets for Consensus next year. These are available for the next 10 days and they're 80% off.

If that's not ROI for reading a newsletter, I don't know what is! šŸ¤ 

Here is today's brief for marketers innovating in web3 and beyond.

  • Introducing Bonsai, an Optimistic L3 scaling solution

  • Unleashing Your Engagement Potential with Discord!

  • Michelin launches the ā€˜Michelin 3xplorer Clubā€™, an exclusive NFT collection

  • PayPal extending crypto transfers to more than 60 million Venmo customers

  • NFT Collective Proof Is Building a 3D World for Its Moonbirds Community

  • U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

  • NFT 2.0: the Era of Programmable Assets

Let's jump in!

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The Wallet Relationship Managementā„¢ Platform

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Introducing Bonsai, an Optimistic L3 scaling solution

Web3 social is an incredibly interesting category that's still in its infancy.Ā 

The speed and amount of data from social media far exceeds what today's blockchains and scaling solutions can support.Ā 

Lens is one of the leading web3 social protocols and today they announced Bonsai, a layer-3 scaling solution.Ā 

Bonsai serves as a scaling solution that processes Polygon transactions off-chain, achieving hyperscale and reducing costs. Unlike L2 solutions, Bonsai doesn't compress transactions into L1, it sends and stores them on a data availability layer.

The main challenge for decentralized social networks is to ensure that users have control over their content, while still being just as user-friendly as traditional social networks. Bonsai claims to make the future of decentralized social possible.

Bonsai is currently only being beta tested onĀ @lensterxyzĀ and is open to developers in private beta.Ā 

Source: Lens Protocol

Unleashing Your Engagement Potential with Discord!

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This is our first workshop and it will be run by The Discord Guru Team.

The objectives for this workshop are:

šŸ¤ Creating seamless onboarding experiences for new members

ā€‹šŸ¤– Discover the top 5 Discord bots to enhance your community

ā€‹šŸ”§ Uncover underutilized Discord settings to maximize engagement

ā€‹šŸŒ± Unveil the best practices for community growth

šŸ•¹ļø Implement gamification strategies to boost member interaction

All Sky Club NFT holders can register using the wallet that holds your NFT. The workshop will be held on Zoom this Thursday at 4pm ET.Ā 

If you're unable to make it to the event, a recording of the webinar will be shared in our Discord server.

Register here.

Michelin launches the ā€˜Michelin 3xplorer Clubā€™, an exclusive NFT collection

A 5,000-piece NFT collection, depicting the famous Michelin Man in 5,000 unique versions, and providing access to exclusive experiences with Michelin.

Michelin 3xplorer Club members will possess a unique digital work representing the Michelin Man. There will also be a lottery and community challenges to give members a chance to access exclusive experiences, such as the revelation gala of the famous MICHELIN Guide selection attended by top-flight chefs, the one-hundredth anniversary of the 24 Hours of Le Mans alongside the MICHELIN Motorsport Team and the MotoGP Grand Prix, and to discover Michelin as never before.

This NFT collection is the first phase of the Michelin Web3 strategy, bearing witness to the brandā€™s desire to create new experiences for its customers, while consolidating its relationship with its community.

Source: Michelin

PayPal extending crypto transfers to more than 60 million Venmo customers

Nearly a year after PayPalĀ allowed users to transfer crypto between its platform and other wallets, the company is set to roll out a similar feature for its more than 60 million Venmo customers located in the United States.

Venmo processed $245.3 billion in fiat currency transactions in 2022, according to a recent PayPal earnings statement.Ā 

Source: The Block

NFT Collective Proof Is Building a 3D World for Its Moonbirds Community

Proof is working with 3D world-building platform Mona to unveil ā€œMoonbirds Monaverse,ā€ a new social and virtual world for the Moonbirds community.

Mona said it will provide technical support to help Proof expand the virtual world space. The collaboration is aimed at creating community experiences such as live town halls, viewing parties and art reveals.

Source: CoinDesk

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting in May, said Rep. Patrick McHenry (Rā€“N.C.), chair of the House Financial Services Committee.

"Several jurisdictions are ahead of us," Lummis said, mentioning MiCA and other efforts. "We are falling way behind. These countries are telling us to catch up."

Regulators in Japan and the United Arab Emirates have also moved toward regulating the space while Hong Kong and the UK are revisiting how they approach crypto.

Source: CoinDesk

NFT 2.0: the Era of Programmable Assets

The essence of dynamic NFTs can be defined as follows: these are NFTs whose metadata can change depending on external (or occasionally internal) conditions.

The most interesting vector appears to be at Chainlink: verifiable data change is crucial for industries such as weather forecasting or insurance, and even more so if they are combined.

Source: Hackernoon

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