🌊 In the past two weeks, the cryptocurrency market has stabilized, and the focus went back to builders. Lens announced the release of their own blockchain Lens Network. NTU Singapore is about to launch the Ideating and Building in Web3 MOOC, and Mask is proudly sponsoring it. The U.S. presidential election is courting crypto enthusiasts, and a decisive date for the ETH ETF is approaching. Everything is steadily progressing in a positive direction.
💰Web3 content publishing platform Mirror announced its acquisition by Paragraph. The Mirror team will continue to operate independently and will focus on developing Kiosk, a Web3 social application based on Farcaster. Mirror's parent company, Reflective Technologies Inc., revealed it had raised $10 million from Electric Capital, with additional support from a16z crypto, Union Square Ventures, and Variant. Farcaster has become a social giant in the ETH ecosystem, and competition at the application level has slowly begun to unfold.
🌲Let's also take a look at Lens, another leader in SocialFi. Led by Aave founder Stani Kulechov, the team behind Web3 social platform Lens Protocol announced that they are developing their own blockchain network, Lens Network, which will be built on Matter Labs' ZK Stack and supported by zkSync on Ethereum. This is a landmark move, as the social media-specific public chain adopts a modular solution.
https://x.com/LensProtocol/status/1790458242855751950
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🐰 Frientech completed its token distribution last week, and its v2 version will launch with new features such as Money Club, a new points program, and customizable curves. FT continues to deepen its exploration in the financial direction.
💎 A meme coin $Not emerged on the TON chain, which is deeply integrated with Telegram. Through the simple and understandable “Tap to Earn” method, it has attracted a large number of users to the TON ecosystem and has gradually been listed on major exchanges. Currently, using quickly rising ecosystem memes has become a way for public chains to attract traffic and break into new circles. TON is still in its early stages, and $Not has indeed drawn a lot of attention to the TON ecosystem.
🔝GME brought a wave of MEME resurgence: rise, short squeeze, volatility, everything is so intense!