GVC Day calls for a gift ๐
๐ธ vibe-o-matic is OPEN for everyone all weekend โ no wallet, no password.
Drop any image (or any GVC by ID) โ cinematic Vibetown figurine in 40s. ๐ผ๏ธ
๐ช https://t.co/MXkbQUqe2a
Show me your best ones below โคต
Weโve just finished a whitehat operation on an exploit discovered in Flooring Protocol.
Now safely in the custody of Yuga Labs:
29 bored apes
4 mutant apes
1 bakc
2 cryptopunks
1 azuki
2 elementals
26 captains
1 moonbird
2 doodles
@0xQuit, our VP of Blockchain recovered the NFTs. Will leave the details for him to go over in a separate thread.
There was an exploit earlier this morning on the same protocol which had left some collections already raided. Huge shout to @coffeedev who found that by tweaking the same exploit, there was an even larger risk to other Flooring collections like BAYC and Cryptopunks.
I quietly instructed our GrailsOTC trading desk to front the money and NFTs to rescue the at-risk assets from the protocol.
We will work together with the protocol devs to return these assets once a solution is sorted. Could mean contract relaunches and token reassurances within that protocol - or more.
But thanks to this move we were able to save dozens of assets from impacting the market and flooring protocol tokens from being compromised.
bored ape yacht club
I was muddled on hyperliquid:native until the $COIN and $CRCL news broke last month, signaling a real shift from chaotic innovation to thoughtful compliance. Folks like a revenue story, and it often outweighs grey areas that arise from innovation (ie $UBER)
More below ๐
In case you missed it, @AdamWeitsman acquired 805 Meebits from a third party collection in a deal brokered by MeebCo.
Here's a behind-the-scenes look at how that went down:
The GVC Hackathon has officially concluded. Weโre stoked to dig into all the submissions.
Thank you to every builder who created something and added to the world weโre building together.
Everyone who participated will receive an exclusive Vibe-A-Thon badge!
@wizardofsoho Institutional crypto adoption (Ethereum is the biggest institutional playground over the last few years) + monetary premium that further adoption grants it. Less pure monetary value than BTC tho.
The model is down on solana:So11111111111111111111111111111111111111112.
Frankly, itโs because theyโre noticeably behind ethereum:native when it comes to institutional crypto adoption, which is where my bull thesis is routed.
zcash:native is a beta to $BTC with a privacy narrative, but without the monetary premium BTC commands (ie where its value comes from). Once Zecโs core tenant (privacy) was flagged to be a risk, much of its premium erodes, causing these swings.
exploit news was a sell tripwire, ๐ฏ
@mdudas Agree ๐ฏ
Zec is a beta to BTC with a privacy narrative, but without the monetary premium BTC commands. Once its core tenant (privacy) was flagged to be a risk, much of its premium is at risk, causing these swings.
@econoar More specifically, the institutional app layer. Tokenization is the future and the community should push for enterprises to keep exploring Ethereum for those needs.
Updated thesis expectations based off the sell-off this morning, and it only leads to wider gap percentages. This is why a regular DCA strategy works best for conviction vs. trading every momentum move.
(bitcoin:native hyperliquid:native ethereum:native solana:So11111111111111111111111111111111111111112)