On October 24, 2023, South Korea’s Upbit announced the inclusion of a trading pair with the Korean won for MINA on its platform. This addition is set to make the buying and selling of MINA more convenient. Considering the buying activity and FOMO among ...

Future Price Trajectory for MINA and PEPE Explored, as VC Spectra Skyrockets 500%

The announcement made on 30 October explicitly stated that it was only the Etherscan-powered explorer service that will be discontinued. The team did not offer a detailed explanation for this move. However, some industry observers have pointed fingers at the service fees associated with Etherscan’s Explorer-as-a-Service (EaaS) toolkit.

Avalanche explorer SnowTrace to halt operations

SnowTrace, a blockchain explorer for Avalanche, will be shutting down its version powered by Etherscan at the end of next month. Users are advised to save backups of important information before the Nov. 30 deadline. The decision to discontinue the service ...

News Explorer — Avalanche Block Explorer SnowTrace Announces Shut Down of Etherscan Version

Snowtrace.io to discontinue Etherscan-powered services amid concerns over high fees and centralized smart contract verification

Snowtrace to Close Etherscan-Powered Explorer Amid Rising EaaS Service Fees

In a recent announcement, Snowtrace.io, a prominent blockchain explorer tool for the Avalanche network, has confirmed that it will be shutting down its website. This decision pertains specifically to the explorer powered by Etherscan’s Explorer-as-a-Service (EaaS) toolkit.

Snowtrace.io Shuts Down Etherscan-Powered Explorer

Snowtrace.io, a prominent blockchain explorer tool for the Avalanche network, has confirmed that it will be shutting down its website.

Snowtrace.io, a popular blockchain explorer tool for Avalanche ( AVAX ), will shut down its website, powered by Etherscan's Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace team clarified that only its explorer powered by Etherscan will be shut down.

AVAX blockchain explorer to shut down as Etherscan fees draw controversy

Crypto project Avalanche made headlines on Monday following a notable announcement to its community. The developments indicate that Avalanche’s blockchain explorer will end its operations on November 30.

Avalanche’s browser Snowtrace ceases operations with a tight deadline

Phishing scams targeting the cryptocurrency community have taken a troubling turn as scammers have begun to clone websites of prominent crypto media outlets like Blockworks and Ethereum blockchain scanner Etherscan.

Scammers clone Blockworks site to drain crypto wallets

Etherscan

etherscan

Etherscan is the Ethereum network blockchain explorer that allows you to search for transactions, blocks, smart contracts, wallet addresses, and other on-chain data. Since Ethereum is a public blockchain, the website is a free blockchain explorer, and it's one of the most popular websites to look through all interactions on the Ethereum blockchain. According to , Smart contracts are computer programs stored on the blockchain that allows us to convert traditional contracts into digital parallels. As a computer program, it entails a collection of code—its function— and data—its state. Smart contracts are entirely rational, following an "if/then" pattern. This means they follow the program precisely and cannot be modified. Ethereum.org After the hard work of writing your smart contract, what is next is to share it with the rest of the world by verifying it on Etherscan. Anybody can view your source code and interact with your smart contract aftermath. Below are the steps to submit your smart contract to Etherscan: STEP 1: Create an API key on your Etherscan account The Ehterscan API key is essential to authenticate that you own the smart contract you're about to publish. So, log in to your Etherscan account or create one if you don't have an account. here Once you've logged in to your account, click on your username in the top right corner and click on the "My Profile" tab. Then click on the "API Keys" tab from the bottom left corner of the page. Another tab will pop up. Click on the blue tab that reads "+ Add" on the top right corner of this tab to add your API key. Next, input your App name in the field required and click on "Create New API Key." ·         Then you have your API Key, as shown below. Copy the API key to your Notepad or clipboard. STEP 2: Deploying the smart contract using Hardhat Install the plugin and run the following command in your hello-world directory to install hardhat-etherscan: hardhat-etherscan npm install –save-dev @nomiclabs/hardhat-etherscan Next is to replace the hardhat.config.js with the hardhat-etherscan information in your file. Ensure you include your etherscan API key where required, as shown below: Next is to verify your smart contract on Etherscan by running the command below in the terminal provided in the hello-world directory. The command is: npx hardhat verify –network goerli DEPLOYED_CONTRACT_ADDRESS "Hello World!" Ensure that the is the same smart contract address you deployed on the goerli test network. In addition, the last argument— —must have the same string value as the one you used in the initial deployment. DEPLOYED_CONTRACT_ADDRESS "Hello World!" If everything goes smoothly, your terminal should display the following message: Congrats! Your smart contract code should be on Etherscan! STEP 3: Go to Etherscan and check out your smart contract. You should be able to view your smart contract code, and ABI published on Etherscan when you click the link supplied in your terminal. Now, anyone can interact with your smart contract.

How to Submit Your Smart Contracts to Etherscan

In the process of learning blockchain programming, whether it's the most popular on YouTube or the Alchemy's , content related to Hardhat is inevitable. This is not surprising as in the field of Web3 development, Hardhat is undoubtedly one of the most mainstream frameworks. However, I encountered the same pitfall in the process of learning these two courses, that is, after using Hardhat to deploy smart contracts, I could never succeed in the verification. The same error always occurred: video tutorial solidity bootcamp An unexpected error occurred:
ConnectTimeoutError: Connect Timeout Error
...... I searched on Google for a long time but didn't find a complete solution. Then I tried to ask GPT-4 but still failed to solve it. Eventually, I found some insights in this on GitHub. Now, in combination with the actual process of solving this problem myself, I will record the process of analysis and verification, hoping to help those who also encounter this problem. post Firstly, I want to analyze the causes of this problem： I'm using the WSL2 system. The proxy is set in the Windows environment, and the WSL2 system shares the proxy from the Windows environment. Therefore, the solution idea in the aforementioned post did not initially catch my attention. I originally thought that my WSL2 system had set up to share the proxy from the Windows environment, and that I could connect normally using the command, so the inability to use Hardhat's verify function should not be a problem with the proxy settings. curl http://google.com Moreover, my error message and the content in the aforementioned post were quite different, aside from the ConnectTimeoutError. Given that Hardhat itself frequently updates, I thought it was an issue with the Hardhat version or a problem with one of its dependencies. What's more, GPT-4 analyzed the situation in the same way at the time, which somewhat misled my thinking. I tried to upgrade and downgrade and adjust the versions of libraries and dependencies like Hardhat, @nomicfoundation/hardhat-verify, @nomicfoundation/hardhat-toolbox several times, and even tried to apply for multiple API keys on Etherscan, only to find it didn't help. In the end, I realized that although I globally shared the proxy from the Windows environment in WSL2, the verify plugin might not use the global proxy under the WSL2 environment when Hardhat is running due to some reason. Problem Solution and Contract Verification Process Environment configuration: I have a simple here, which deploys an upgradeable contract. You can refer to my package.json file. Many answers online are quite outdated, but my libraries are all up to date. Of particular note is the need to install the Undici library, which will be used to set the proxy for verification. example project Writing the contract and deployment script: This is a standard step and not the focus of this article. But if you are a beginner like me, you can also refer to the simple contract and deployment script in my aforementioned repository. After the writing is done, we can deploy the contract under the Hardhat localhost environment or on the testnet. However, only when deployed on the testnet or mainnet can we use Hardhat's verify plugin. Apply for an API key on the website, which is free. After application, create a new .env file in the root directory of the Hardhat project and paste into it. Then set it in the hardhat.config.js configuration file. You can also refer to the configuration method in this file in my repository. Etherscan ETHERSCAN_KEY=yourApiKey Use the command to view your IP address, assuming it's , then check the "LAN" corresponding HTTP port through the VPN client in your Windows environment, assuming it's yyyyy. Add the following content to your hardhat.config.js file: ip route | grep default | awk '{print $3}' http://xxx.xx.xxx.x const { ProxyAgent, setGlobalDispatcher } = require("undici");
const proxyAgent = new ProxyAgent("http://xxx.xx.xxx.x:yyyyy");
setGlobalDispatcher(proxyAgent); Please note that you should not use the IP address and port in the aforementioned GitHub post, because everyone's VPN client and IP are different. The post also mentioned looking at the DNS server IP using and adding it to the configuration. But if you, like me, share the Windows proxy in the WSL2 environment, then your DNS is likely set by yourself, such as 8.8.8.8. So using the method I mentioned in the fourth point above is the safest. Also, don't forget to turn on options like "Allow LAN connections" in your VPN client. If your client doesn't have this option, you may need to switch to another one. cat /etc/resolv.conf Use the command to verify the contract, or you can write an additional verification function in the deployment script, which will complete the verification immediately after deployment. npx hardhat verify --network yourNetWork CONTRACT_ADDRESS

Solving the ConnectTimeoutError When Verifying Smart Contracts with Hardhat

With the use of blockchain explorer or by retrieving it from the smart contracts that manage them, you may locate the metadata for your NFTs. is data that provides information about other data; in the case of an NFT, it describes that NFT's essential properties, including its name, description, and anything else its creator feels is important. In many cases, an NFT's metadata also contains links to the images and other "primary" digital assets that give an NFT its value. Metadata (opens new window) Individually identifiable digital representations of blockchain-based tangible or intangible objects called are not typically divided into smaller parts. Instead, structured metadata related to actual or virtual things is represented by NFTs. Often, the tokens are not connected to the objects and serve as distinct identifiers, advancing the interoperable commercialization of the physical or digital items, according to their proponents. nonfungible tokens (NFTs) Hashes of files or other data were added to in 2012 or 2013 to demonstrate their existence or legitimacy at a particular moment. This development served as the foundation for creating "Colored Coins," uniquely identified tokens, which are recognized by adding metadata to Bitcoin transactions. the Bitcoin blockchain What is Metadata? So, what is this metadata, and how is it generated? In this article, we will explore these questions and also deep dive into how you can retrieve metadata of the NFT from the contract; how you read NFT files; and how you can view the metadata of any NFT. What exactly is the location of NFTs that are stored off-chain? Is it anything like Amazon Web Services or Google Drive? This is a crucial point that causes confusion surrounding NFT information. Who else is in charge of the NFT metadata storage online? Since NFT marketplaces use metadata to show nonfungible tokens to buyers and sellers, metadata must be in a format that marketplaces can understand. In other words, you're writing computer code—a smart contract—that instructs the blockchain to initialise a table on your behalf. Your NFTs' ownership and metadata are kept in this table. More particular, each table row has the following details: The Token Identifier (or ID) The Owner of the Token The Metadata associated with the token How can you view the metadata of any NFT? When an NFT project is made available for the minting and you buy it, a random number generator will give your NFT a set of characteristics. The metadata contains this information. The blockchain contains an immutable record of the token's info. This record contains information about the token's purpose, present owner, and previous transactional activity. Consequently, how can you create NFT metadata? Viewing an NFT's metadata, confirming its ownership and tracing its transaction history are all possible using an NFT tracking and verification service through which you can verify that the token ID and contract address are connected to the legitimate owner of the content using a marketplace database. If you select a service that complies with NFT's coding standard, one of the many NFT verification tools available can search for you. An Ethereum blockchain explorer called is a well-known tool for locating and confirming NFTs. The platform allows users to verify transaction histories, wallet addresses, metadata, smart contracts and other on-chain data. Similarly, you can access all the NFT metadata you require on the BNB Chain network by using a blockchain explorer like BscScan. Etherscan However, to retrieve the metadata of a nonfungible token from the smart contracts that control it, you'll need to access the NFT's smart contract. The metadata should be accessible for inspection and verification under the contract's "Details" section. If the NFT complies with the current nonfungible token standard, the following details ought to be shown: Here is a JSON metadata file for a sample NFT. ash-nft.json{ "description": "Friendly OpenSea Creature", "image": "https://opensea-prod.appspot.com/puffs/3.png", "name": "Dave Starbelly", "attributes": [ { "trait_type": "Base", "value": "Starfish" }, { "trait_type": "Eyes", "value": "Big" }, { "trait_type": "Mouth","value": "Surprised" }, ] } The second essential component of NFTs that lets them work is NFT metadata. NFTs have the ability to link to data outside of their smart contract, effectively enabling the network to refer to off-chain data. As a result, executing NFTs on a network like expenses than it otherwise would. Ethereum has lower computing The asset itself often resides off-chain, whereas the Non-Fungible Token that defines the provenance of an asset resides on the blockchain. There are a few exceptions; one is the collection OnChain Monkeys, which was totally built on chain in a single transaction. Since the complete collection is hosted on-chain, no file storage solution is required.

Easy Way to Find Your NFT’s Metadata

Most people are familiar with the first two iterations of the internet: Web1 and Web2. These were incredible times that enabled us to exchange information like never before. Although Web2 made it easier for us to access the internet, most of us will agree that we are still at the whim of centralized entities such as Facebook and Google. This brings me to the last iteration of the commercial internet: web3. I've listed all the tools you'll need if you want to learn web3. Decentralized Applications(Dapps) Decentralizing applications is something that has been happening for a while now, but you might not have heard of it. There’s a reason for that — the technology is still new and the community around it is small, so you may be confused about what Dapps even are. It’s about time that changes, though. The advantages of decentralization are numerous and game-changing. Defi ( Decentralized Finance) Financial systems all over the world revolve around networks of organizations (banks and financial institutions) that are responsible for safeguarding assets, facilitating payments and providing various financial services. These organizations work together in order to let consumers exchange money and hold assets across countries. Uniswap ↗️ Uniswap Protocol is a way to trade different types of cryptocurrency without having to go through a bank. The Uniswap protocol allows you to trade cryptocurrencies with the click of a button. It is a decentralized crypto trading protocol that relies on liquidity pools vs. order books making Uniswap’s automatic market makers (AMMs) resilient to front-running and impervious to flash loan attacks AAVE ↗️ Aave is an open source and non-custodial protocol for money market creation. It enables users to lend and borrow assets from a shared pool of liquidity providers. Aave Protocol is unique in that it tokenizes deposits as soon as they are made, meaning that users retain access to their funds at all times. This makes Aave Protocol a first-of-its-kind decentralized money market protocol. Sushiswap ↗️ Do you know that you can turn your money into a money machine? Sushi is a decentralized community-driven finance platform built on top of the Ethereum network that allows users to trade and use assets in unique ways. Borrow assets with no interest, leverage your assets, and participate in the decentralization of finance. All products are available through web and mobile apps. Identity & Auth ENS ↗️ Ethereum Name Service (ENS) allows users to own a unique and decentralised name that they can use across websites and services, as well as wallets. By registering an ENS name, you can have your own username that you can use to access services, view your profile data, and launch a decentralized website. Users do not need to register separately on each website they use, as they can use their ENS name across all internet requests. MetaMask ↗️ It is trusted by over 21 million users worldwide and offers a simple, secure way to connect to blockchain-based applications. Its user interface looks like a checkbook or an excel spreadsheet and is super easy for beginners to understand. Play games, buy goods and access the world of decentralized applications in just one click. Argent ↗️ Argent is a secure, easy-to-use, and inexpensive way to store your Ethereum. If you’re looking for an easier way to trade and exchange tokens with low fees and high speeds, then you’ve come to the right place. Argent allows users to trade Ethereum and other tokens at nearly instant speeds and it takes a fraction of the cost of other Ethereum wallets. NFTs Non-fungible tokens (NFTs), sometimes called unique tokens, are non-interchangeable units of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units are associated with physical or digital assets. For instance, you might purchase an NFT that represents a specific car by linking the asset to your blockchain wallet. OpenSea ↗️ OpenSea is the largest marketplace for user-owned digital goods, including in-game items, crypto collectibles, gaming accounts, domain names, and more. Buy and sell your favorite cryptos through an in-app wallet on a peer-to-peer exchange for Ethereum. Nifty Gateway ↗️ Nifty Gateway makes it easy to purchase digital art, collectibles and blockchain-based cards. Discover the rarest and most coveted artworks in the NFT community with the Nifty Gateway app. Rarible ↗️ Rarible is a marketplace and distributed network built on Ethereum that empowers creators to monetize their digital work. Rarible allows artists and creators to issue custom digital tokens (non-fungible digital assets or NFTs) that represent ownership in their work. These assets can be traded on the Rarible marketplace without fees, censorship, or centralized data storage by relying on the decentralized Ethereum network. Data Nansen ↗️ Nansen is a new way to track and analyze where money is going. Users can trace investments and chart liquidity in order to find hidden opportunities and monitor risks before investing in a new project. The idea of Nansen was born from an interest in seeing how top-performing funds invest, how their strategy changes with market conditions, and how they outperform other professional investors. Chainlink ↗️ Chainlink is the most trusted and widely used decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. By providing smart contracts secure access to these critical resources, Chain Link allows them to mimic real world actions that include everything from paying insurance claims and distributing loyalty rewards to selling products on e-commerce sites. The Graph ↗️ It is a protocol for building decentralized applications (dApps), running on top of networks like Ethereum, IPFS, PoA, and many more. The project consists of three main components: A graphQL API called subgraphs that are published by indexer operators and made available via a global graphQL API or hosted gateway. This new system for developers enables them to build powerful which can aggregate, search and retrieve data from a multitude of sources in different ways with great flexibility and speed. dApps Presentation Web3 Native Libraries Ethers.js ↗️ Ethers.js is a JavaScript library for interacting with the Ethereum blockchain and ecosystem. It is designed to be small, fast, easy to use and extensible. It enables secure cryptographic operations to be written in a convenient manner, which are verified by the Solidity compiler, while also providing facilities to easily interact with Ethereum's json-rpc api using a Promise-based interface. Ethers is being maintained by ethers.io and actively developed on GitHub. Web3.js ↗️ Alchemy Web3 ↗️ Alchemy is a blockchain service that makes it easy for developers to build applications on the blockchain. Alchemy's suite of products gives developers all the tools they need to build, monitor, and support Ethereum applications. Developer Environment Hardhat ↗️ Hardhat is a professional Ethereum development environment for professionals to build and test decdancent apps and smart contracts. You can develop your own video games or dapps, as well as integrate your local/remote node with Hardhat's world class developer tools such as the Hardhat debugger, or with the rest of your development toolchain. Hardhat also supports Windows, MacOS, FreeBSD, and Linux. Truffle ↗️ It provides an easy-to-use development environment with a comprehensive testing framework, and includes a package management system for managing contracts and files. Whether you're just getting started with Ethereum or looking to learn more about smart contracts, Truffle is the best way to get started. File Storage IPFS ↗️ IPFS enables the creation of completely distributed applications. It aims to make the web faster, safer, and more open.Ipfs is a way to store files on the internet so that they are always available, for anyone who wants access. It is also possible to connect with other people who are using Ipfs so that you can share files with them. FileBase ↗️ Filebase provides secure, modern, and easy to manage object storage for businesses and individuals. Filebase is encrypted and geo-redundant, meaning your data is always safe. Arweave ↗️ Arweave permanently archives data on a distributed network of computers, allowing it to be stored in perpetuity. Users make a one-time token payment which goes towards sustaining the network and this means users can store documents, applications and websites forever. This makes broken links and lost content a thing of the past. All data is timestamped, meaning its authenticity can be proven at any time and previous versions of files can always be recovered. The Arweave network is community-owned and operated by a large group of users who are able to make money by providing storage capacity, bandwidth and processing power for hosting applications on the network. Blockchain Interaction Layer Data Access ( Alchemy ) Supernode ↗️ Alchemy, the most widely-used Web3 API, enables billions of transactions per month on the Ethereum and Binance blockchains. Featuring low request latency, real-time data correctness, maximal uptime, disaster recovery protocols, and comprehensive security mechanisms, Alchemy powers DeFi applications for 8 of the top 10 projects in the world. Build ↗️ With Alchemy Build you can make changes to front-end code, executable code (Python, Node, or shell scripts), and database structures. When you change your backend code, the updates are reflected in the front-end browser immediately after you save your changes. You don't need to restart the server or reload any pages. Monitor ↗️ Alchemy Monitor lets you see app performance, health, and user behavior all in one place. It provides at a glance insight about what's happening in your app and helps you quickly evaluate data. Alchemy Monitor can be analyzed across teams to help you improve the way your organization builds apps. Notify ↗️ Alchemy Notify is a push notification service for developers and businesses. It allows you to send real-time push notifications from your web or mobile application to users across iOS, Android, and the web. Notify specializes in transactional and conversational notifications that help improve engagement with customers and build positive relationships. APIs ↗️ At the center of your digital currency infrastructure, our APIs help you control the exchanges in your app. Our growing suite of REST APIs make integration easier, enabling you to assemble information from multiple sources like transactions, token information, and debugging data in a few simple requests. NFT API ↗️ It enables you to seamlessly integrate NFTs into your app or product. It supports various functions including listing all available metadata associated with a given address of an NFT; querying a digital item on secondary market platforms (e.g., OpenSea, Rarible) and displaying in-depth technical details (such as display-only addresses). Block Explorers SnowTrace ↗️ Thanks to SnowTrace.com, you can now explore the Avalanche C-Chain blockchain explorer. This site allows you to see all of the latest transactions and blocks. There is also a verified contracts section where you can view ERC20 and ERC721 tokens as well as a resources section that includes charts, stats, and API info for developers. EtherScan ↗️ PolygonScan ↗️ Polygon is a blockchain explorer for the Polygon network. You can view blocks, transactions and contracts in detail on Polygon. There is a detailed graph of the transactions made over the last 14 days on Polygon. Network Layer EVM Blockchains Ethereum ↗️ It is a booming digital economy that is open to everyone in the world. Ethereum offers resources for those who are looking to enter its digital economy and build new applications. Developers can find all the information they need to start creating dapps with Ethereum and users can learn everything they need to know about Ether. Polygon ↗️ Polygon makes it easy for developers to build applications that scale on Ethereum, and they provide a full set of dev tools to help with scaling. Their variety of products include Polygon POS sidechain, Polygon AVAIL blockchain, Polygon SDK, Plasma framework and many more. The fact that it's EVM-compatible and uses a permissionless set of PoS validators means that Polygon is scalable, fast and secure. Another plus is the fact that their solutions are optimized for secure token transfers while being low-cost and usable at the same time. Arbitrum ↗️ Arbitrum solves some of the most challenging problems in blockchain, delivering lightning-fast transactions without sacrificing security or privacy. Arbitrum is a Layer 2 scaling solution for Ethereum that enables fast, private transactions using your favorite tools. Just install an npm module, write smart contracts the same way you do today, and deploy on Arbitrum. Users can perform Off-Chain Transactions while being confident they are secure and private Avalanche ↗️ The platform was created for the application layer of Avalanche which allows the development of fast and secure smart contract apps on top of it. Avalanche blockchain inherits its high performance from a network that supports multiple consensus mechanisms and cross-chain bridges. This makes it completely unique. Starknet ↗️ More than just a layer 2 scaling solution. StarkNet goes beyond Layer 2 by enabling dApps to scale off-chain, achieving the convenience and affordability for all use cases. Optimism ↗️ Ethereum has seen massive adoption since its release in 2015, but high transaction fees and slow processing times pose challenges to mass adoption. Optimism is a low-cost and lightning-fast Ethereum L2 blockchain that builds on the security, accessibility, and decentralization of Ethereum. zk Sync ↗️ Mass adoption of public blockchains requires solutions that can support transactions of billions of users at a time — but currently, this type of scalability is simply not achievable. There are two kinds of scaling approaches: layer one and layer two. zkSync uses zkRollup to scale transactions on the second layer. Using zkRollup is like having a separate blockchain for each currency in our system, which allows us to achieve near-instant transaction times and significantly reduce gas costs by a whopping 96%. Non-EVM Blockchains Near ↗️ People can use them to make new inventions with technology that is simple, secure, and scalable. For example, you can create virtual items using NFTs or build communities using DAOs. NEAR makes it easy for anyone to create and use decentralized applications. It's also one of the most scalable blockchains in the world. That means crypto assets are easier than ever to build and use. Flow ↗️ From NBA Top Shot’s digital collectibles to UFC's upcoming NFT marketplace, Flow powers the world’s most popular consumer applications. With proven technical foundations like unique resource management and strict determinism, Flow features innovations never seen before in blockchains such as parallel execution, developer-friendly tooling, human readable addresses, and a cryptography-based random beacon. Solana ↗️ Solana is a global blockchain network that powers decentralized applications without compromising on scale or user experience. With Solana, users can make transactions in less than one-tenth of a cent and developers can build apps that run at the speed of the internet. Terra ↗️ Terra is a protocol for a relatively new type of money. Live on the Ethereum blockchain, Terra is a stablecoin that links directly to the value of fiat money. Each Terra can be traded for a set amount of fiat currency. A DeFi protocol for constant value and even more security, Terra allows you to create new products and services on top of this stable infrastructure. Cover image generated by https://doodleipsum.com/ And all beautiful screenshots built with https://screenshot.rocks/

Learn Web3, Build the Internet of the Future

Many crypto users think the space is completely run by smart contracts powered by hamsters on a wheel in some warehouse. Others think it’s all mysteriously run by a shadowy organization bent on world domination. The reality is that behind that curtain are market makers. While they have nothing to do with a protocol’s contracts, they do their part to keep markets liquid and prices stable. The decentralized universe of Web3 presents opportunities and challenges for market makers. Kairon Labs, a major player in the space, agreed to contribute to this article to demystify some things and separate fact from fiction. Technical Metrics for Evaluating Web3 Asset Liquidity Market makers focus on specific metrics to gauge liquidity: Trading Volume: Indicates market activity and potential liquidity.
Order Book Depth: Helps understand the availability of buy and sell orders at different prices.
Bid-Ask Spread: Measures the difference between buying and selling prices.
Price Volatility: Reflects the extent of price fluctuations.
Slippage: Represents the difference between expected and actual trade prices. These metrics are essential for assessing trade execution ease and ensuring sufficient liquidity. Decentralization's Impact on Market Making Web3's decentralized nature reshapes the environment in which market makers live. They now operate across both centralized and decentralized exchanges. While traditional roles focus on liquidity and price stability, Web3 introduces automated market-making and on-chain liquidity pools. Navigating these environments requires innovative strategies. “While the core role of market makers remains centered on providing liquidity and reducing price volatility, the decentralized nature of Web3 introduces additional layers of complexity. The decentralized aspects of Web3, such as automated market-making and on-chain liquidity pools, require market makers to integrate new strategies and tools. Still, these remain supplementary to the primary focus on centralized exchanges,” said Kairon Labs CEO Mathias Beke. Pivoting on the Fly Blockchain technology advancements profoundly impact market makers' decision-making. For instance, breakthroughs in decentralized finance protocols, gaming, and NFTs can signal potential market volume increases. Market makers leverage these advancements to enhance trading strategies. Challenges of Operating in These Ecosystems Market makers face challenges in the fast-paced Web3 environment. Keeping up with evolving technologies demands constant vigilance. Deciding which innovations to integrate requires careful consideration. Protocol risks, such as vulnerabilities in smart contracts, can jeopardize funds. Balancing innovation with security is crucial. The rep from Kairon Labs stated, “There is always a protocol risk, where badly developed technologies could result in loss of funds. It could be hacks, exploits, or some kind of bad code.” These teams must fully understand the smart contracts they interact with to mitigate those risks. Developing proprietary smart contracts can optimize on-chain operations, liquidity provision, and trading strategies. “UniswapV4's custom Hooks exemplify the increasing importance of smart contract expertise. Any time these teams upgrade to a newer, and hopefully better, version, there’s more risk and more complexity,” added Beke. On Using Data Analytics Tools and Automated Trading Systems Tracking token movements and on-chain analytics provides valuable insights. Tools like Etherscan and Chainalysis help predict market trends and avoid skewed inventories. These insights enhance decision-making and strategy formulation. Automated trading systems are a must-have for any market maker. They enable rapid trade execution, real-time market reaction, and liquidity maintenance across multiple venues. Beke added, “All of these systems and tools are crucial in the Web3 space. They help market makers manage complex trading strategies and reduce manual intervention.” Market Making Is the Epitome of Technical Trading Market makers are the backbone of liquidity and price stability in the rapidly evolving Web3 landscape. Their reliance on technical analysis and a range of key metrics is essential for navigating the complexities introduced by decentralized environments. As they pivot between traditional and innovative strategies, these teams must remain vigilant in adapting to new technologies while balancing security and protocol risks. Advanced data analytics tools and automated trading systems streamline their operations and enhance their ability to respond swiftly to market movements. Ultimately, the successful adaptation to these challenges will determine the continued relevance and effectiveness of market makers in the dynamic crypto realm. Thanks to the Kairon Labs team for their participation. Many crypto users think the space is completely run by smart contracts powered by hamsters on a wheel in some warehouse. Others think it’s all mysteriously run by a shadowy organization bent on world domination. Many crypto users think the space is completely run by smart contracts powered by hamsters on a wheel in some warehouse. Others think it’s all mysteriously run by a shadowy organization bent on world domination. The reality is that behind that curtain are market makers. While they have nothing to do with a protocol’s contracts, they do their part to keep markets liquid and prices stable. The decentralized universe of Web3 presents opportunities and challenges for market makers. Kairon Labs, a major player in the space, agreed to contribute to this article to demystify some things and separate fact from fiction. Technical Metrics for Evaluating Web3 Asset Liquidity Market makers focus on specific metrics to gauge liquidity: Trading Volume: Indicates market activity and potential liquidity. Order Book Depth: Helps understand the availability of buy and sell orders at different prices. Bid-Ask Spread: Measures the difference between buying and selling prices. Price Volatility: Reflects the extent of price fluctuations. Slippage: Represents the difference between expected and actual trade prices. Trading Volume: Indicates market activity and potential liquidity. Order Book Depth: Helps understand the availability of buy and sell orders at different prices. Bid-Ask Spread: Measures the difference between buying and selling prices. Price Volatility: Reflects the extent of price fluctuations. Slippage: Represents the difference between expected and actual trade prices. These metrics are essential for assessing trade execution ease and ensuring sufficient liquidity. Decentralization's Impact on Market Making Web3's decentralized nature reshapes the environment in which market makers live. They now operate across both centralized and decentralized exchanges . While traditional roles focus on liquidity and price stability, Web3 introduces automated market-making and on-chain liquidity pools. Navigating these environments requires innovative strategies. decentralized exchanges decentralized exchanges “While the core role of market makers remains centered on providing liquidity and reducing price volatility, the decentralized nature of Web3 introduces additional layers of complexity. The decentralized aspects of Web3, such as automated market-making and on-chain liquidity pools, require market makers to integrate new strategies and tools. Still, these remain supplementary to the primary focus on centralized exchanges,” said Kairon Labs CEO Mathias Beke. Pivoting on the Fly Blockchain technology advancements profoundly impact market makers' decision-making. For instance, breakthroughs in decentralized finance protocols, gaming, and NFTs can signal potential market volume increases. Market makers leverage these advancements to enhance trading strategies. Challenges of Operating in These Ecosystems Market makers face challenges in the fast-paced Web3 environment. Keeping up with evolving technologies demands constant vigilance. Deciding which innovations to integrate requires careful consideration. Protocol risks, such as vulnerabilities in smart contracts , can jeopardize funds. Balancing innovation with security is crucial. such as vulnerabilities in smart contracts such as vulnerabilities in smart contracts The rep from Kairon Labs stated, “There is always a protocol risk, where badly developed technologies could result in loss of funds. It could be hacks, exploits, or some kind of bad code.” These teams must fully understand the smart contracts they interact with to mitigate those risks. Developing proprietary smart contracts can optimize on-chain operations, liquidity provision, and trading strategies. “UniswapV4's custom Hooks exemplify the increasing importance of smart contract expertise. Any time these teams upgrade to a newer, and hopefully better, version, there’s more risk and more complexity,” added Beke. “UniswapV4's custom Hooks exemplify the increasing importance of smart contract expertise. Any time these teams upgrade to a newer, and hopefully better, version, there’s more risk and more complexity,” On Using Data Analytics Tools and Automated Trading Systems Tracking token movements and on-chain analytics provides valuable insights. Tools like Etherscan and Chainalysis help predict market trends and avoid skewed inventories. These insights enhance decision-making and strategy formulation. Automated trading systems are a must-have for any market maker. They enable rapid trade execution, real-time market reaction, and liquidity maintenance across multiple venues. Beke added, “All of these systems and tools are crucial in the Web3 space. They help market makers manage complex trading strategies and reduce manual intervention.” Market Making Is the Epitome of Technical Trading Market makers are the backbone of liquidity and price stability in the rapidly evolving Web3 landscape. Their reliance on technical analysis and a range of key metrics is essential for navigating the complexities introduced by decentralized environments. As they pivot between traditional and innovative strategies, these teams must remain vigilant in adapting to new technologies while balancing security and protocol risks. Advanced data analytics tools and automated trading systems streamline their operations and enhance their ability to respond swiftly to market movements. Ultimately, the successful adaptation to these challenges will determine the continued relevance and effectiveness of market makers in the dynamic crypto realm. Thanks to the Kairon Labs team for their participation.

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I fell down a rabbit hole last week, and it led to unexpected results. Now would like to take you through that whole fall with me, so you too can learn everything I did as a result. The Original Trigger It all started when KnownOrigin announced it was going to shut down soon. I had minted 2 NFTs there, so I was trying to understand what would happen once the platform was gone. So, KO is shutting down….What does it actually mean for KO artists and collectors though… The art is on the blockchain and is gonna exist forever, whether or not KnownOrigin is still around, right? In the past week, while we were building something, Rick walked me through what was actually happening behind the scenes. So, let me try to explain it to you now. Behind the Curtains When you mint your art on KO, its smart contract creates a token (KODA) on the blockchain and sends it to your wallet. That is the ONLY thing that is on the chain. Everything else beyond this point is not… So, for example, if you wanna check my KO unsold art KODA token on Etherscan, this is all you see. Looking at it makes my soul cry for help. Where is the art name? The artist’s name? The image FFS… They are in your art files, which are stored on IPFS. And the Koda token links to it. Basically, it points to where you can see what it represents. Ok… So now, we need to figure out where it points to, and we’ll see what it is… Probably just a link to click and go and check those out yeah?... Nope At this point - honestly, I didn’t even wanna know… In short, it’s not straightforward - and to a non-techie brain, it makes no sense at all… But once we could get there what would those art files be? Your Art (image, video, gif, music - whatever it is that you created and “minted”)
Metadata File (title, your name, description, etc.)
Cover Image/gif (if applicable) IPFS??? Now, we need to understand what IPFS is and how it works. Basically, it’s a distributed file storage, and it’s kind of cool (old enough to remember Napster?) Guess what? It’s decentralized and distributed across a network of nodes. Fine… so although the art is not on the blockchain, it will still live forever, but on IPFS, right? Hmmmmm kind of. Files to remain accessible must be "pinned" by one or more of these nodes. Pinning is the process of keeping a copy of the file available on the network. So, what happens if a file is not pinned by anyone? If no one pins the file and it is not frequently accessed, it could eventually disappear from the network. For NFTs, if the files associated with the tokens are not pinned, the NFT will lose its associated art and metadata. This could lead to broken links or missing content in wallets and marketplaces. The Future… So imagine - no more pinning, no more art… and the only thing everyone sees is a KODA token with its unique number and a blockchain registry that x number of days ago it was minted. Collectors scratching their heads…. Which Koda token was which art… Artists panicking cause they feel like they lost their “immutable record on the blockchain”… Damn! Good news: there are many pinning services and by using them you yourself can pin those files and not worry about when KO goes away or for how much longer they would be pinning those files for you. Announcement!? All this was a long story to give you more context before making a “launch announcement” I guess… And yes I know it feels so counterintuitive to mention it only at the end - and many marketers might not approve… But hey I don’t care… Welcome SoulKeeper! What the hell is SoulKeeper? Well, it’s a tool Rick and I built for all KO artists and collectors. For it, you don’t have to know any of the tech stuff - all you have to know is your KO wallet address (you don’t even have to connect it to the tool), and it’s very easy to use. What it basically does is it finds all KnownOrigin art files that your KODA token links to and either you can download those and go and use any pinning service you prefer - or SoulKeeper will help you pin them through Pinata (the one we’re using for my Knownorigin NFTs at the moment). All that wouldn’t take you more than 10-15 minutes. SoulKeeper is free to use. We genuinely wanted to help artists and collectors to make sure their art stays alive! Try it out, and let us know what you think. If you know artists and collectors who might need it - please feel free to share it with them too. I fell down a rabbit hole last week, and it led to unexpected results. Now would like to take you through that whole fall with me, so you too can learn everything I did as a result. The Original Trigger It all started when KnownOrigin announced it was going to shut down soon. KnownOrigin announced it was going to shut down soon . KnownOrigin KnownOrigin shut down soon I had minted 2 NFTs there, so I was trying to understand what would happen once the platform was gone. So, KO is shutting down….What does it actually mean for KO artists and collectors though… The art is on the blockchain and is gonna exist forever, whether or not KnownOrigin is still around, right? In the past week, while we were building something, Rick walked me through what was actually happening behind the scenes. So, let me try to explain it to you now. Rick Behind the Curtains When you mint your art on KO, its smart contract creates a token (KODA) on the blockchain and sends it to your wallet. That is the ONLY thing that is on the chain. Everything else beyond this point is not… So, for example, if you wanna check my KO unsold art KODA token on Etherscan, this is all you see. Looking at it makes my soul cry for help. Where is the art name? The artist’s name? The image FFS… They are in your art files, which are stored on IPFS. And the Koda token links to it. Basically, it points to where you can see what it represents. Ok… So now, we need to figure out where it points to, and we’ll see what it is… Probably just a link to click and go and check those out yeah?... Nope At this point - honestly, I didn’t even wanna know… In short, it’s not straightforward - and to a non-techie brain, it makes no sense at all… But once we could get there what would those art files be? Your Art (image, video, gif, music - whatever it is that you created and “minted”) Metadata File (title, your name, description, etc.) Cover Image/gif (if applicable) Your Art (image, video, gif, music - whatever it is that you created and “minted”) Metadata File (title, your name, description, etc.) Cover Image/gif (if applicable) IPFS??? Now, we need to understand what IPFS is and how it works. Basically, it’s a distributed file storage, and it’s kind of cool (old enough to remember Napster?) Guess what? It’s decentralized and distributed across a network of nodes. Fine… so although the art is not on the blockchain, it will still live forever, but on IPFS, right? Hmmmmm kind of. Files to remain accessible must be "pinned" by one or more of these nodes. Pinning is the process of keeping a copy of the file available on the network. So, what happens if a file is not pinned by anyone? If no one pins the file and it is not frequently accessed, it could eventually disappear from the network. For NFTs, if the files associated with the tokens are not pinned, the NFT will lose its associated art and metadata. This could lead to broken links or missing content in wallets and marketplaces. The Future… So imagine - no more pinning, no more art… and the only thing everyone sees is a KODA token with its unique number and a blockchain registry that x number of days ago it was minted. Collectors scratching their heads…. Which Koda token was which art… Artists panicking cause they feel like they lost their “immutable record on the blockchain”… Damn! Good news: there are many pinning services and by using them you yourself can pin those files and not worry about when KO goes away or for how much longer they would be pinning those files for you. Announcement!? All this was a long story to give you more context before making a “launch announcement” I guess… And yes I know it feels so counterintuitive to mention it only at the end - and many marketers might not approve… But hey I don’t care… Welcome SoulKeeper! What the hell is SoulKeeper ? SoulKeeper Well, it’s a tool Rick and I built for all KO artists and collectors. For it, you don’t have to know any of the tech stuff - all you have to know is your KO wallet address (you don’t even have to connect it to the tool), and it’s very easy to use. What it basically does is it finds all KnownOrigin art files that your KODA token links to and either you can download those and go and use any pinning service you prefer - or SoulKeeper will help you pin them through Pinata (the one we’re using for my Knownorigin NFTs at the moment). All that wouldn’t take you more than 10-15 minutes. SoulKeeper is free to use. We genuinely wanted to help artists and collectors to make sure their art stays alive! Try it out, and let us know what you think. If you know artists and collectors who might need it - please feel free to share it with them too.

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