The Defiant

The Defiant

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Ethereum Layer 2 network @Optimism is set to hold a governance vote on implementing $OP buybacks using 50% of its revenue beginning in February. @Squiffs_ reports:

Optimism Foundation Proposes Using 50% of Revenue for Buybacks

The vote will begin on Jan 22, and OP buybacks will begin in February if the measure passes.

Decentralized prediction market @Polymarket has added trading fees to its short-duration crypto price markets. @Squiffs_ reports:

Polymarket Begins Rolling Out Fees in US App and Crypto Markets

Polymarket has also become the exclusive prediction market partner of the Wall Street Journal and Dow Jones.

Four years after acquiring @RTFKT, Nike has sold the NFT studio, sending its flagship Clone-X collection soaring 200%. @Squiffs_ reports:

Clone-X NFTs Soar 200% as Nike Sells RTFKT

The sports apparel giant’s NFT experiment has come full circle.

The State of Wyoming has launched its dollar-backed stablecoin $FRNT, becoming the first U.S. state to issue its own digital token. @Jonajeth reports:

Wyoming Launches First U.S. State-Issued Stablecoin

The FRNT dollar-backed token is managed by Franklin Templeton and marks a rare move by a state government into digital money.

Web3 wallet and tool suite @infinex has made drastic changes to its ICO structure after the original format was met with little demand. @Squiffs_ reports:

Infinex Changes ICO Terms Following Low Demand

The team has removed contribution caps and changed the allocation distribution process.

Ethereum Layer 2 network @inkonchain has crossed $500 million in TVL, marking a sharp acceleration in on-chain activity. @Jonajeth reports:

Kraken’s Ink Layer 2 Surpasses $500 Million in TVL

Liquidity has surged since October, but daily active users have fallen by more than half from their peak.

Crypto markets were mixed on Tuesday as investors remained cautious ahead of key macroeconomic data. BTC dipped to $92K while ETH and SOL were flat. @Jonajeth reports:

Crypto Markets Trade Mixed as Bitcoin Pulls Back

BTC hovers around $92,000 as ETH extends weekly gains.

.@Polymarket has launched housing price prediction markets in collaboration with @Parcl @Squiffs_ reports:

Polymarket and Parcl Launch Real Estate Prediction Markets

The leading decentralized prediction market is working with Parcl, an onchain real estate market, to enable users to bet on US home prices.

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