Fiat Onramping on Jumper | opBNB Testnet | Polygon 2.0 zkEVM Validium | Arbitrum Orbit Chains & More!
Last Week In The Multi-Chain Ecosystem (19 - 25 June '23)
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Bridge Updates
1) Fiat Onramp Aggregation is Live on Jumper ♥️
Jumper announced an integration with Onramper, a leading fiat onramp aggregator, to enable users to purchase over 1,000 crypto assets directly from fiat, all within Jumper’s interface.
With the Jumper and Onramper collaboration, users can seamlessly transition from fiat to crypto across more than 17 chains, including Ethereum, Binance Smart Chain, Arbitrum, Polygon, Optimism, Avalanche, and more, in just a few minutes.
2) Magpie Bridge Built on Wormhole is Now Live 💪
Magpie, a non-custodial cross-chain swap, is now live. Magpie uses Wormhole cross-chain messaging capabilities to communicate asset swap messages between blockchains. It currently supports seven chains.
3) Solana to EVM Messaging on Testnet via Hyperlane 🔥
In anticipation of Hyperlane’s launch on Solana, the team executed their first-ever Solana to EVM Hyperlane message on Testnet. Once live, Hyperlane will enable anyone to access interop between Solana and any other Hyperlane-supported chain.
4) Bridge Bug Tracker 🧐
@bytes032, a smart contract auditor, released a community-maintained collection of bugs, vulnerabilities, and exploits in cross chain bridges. These resources can be used as a reference for developers, auditors, and security tool makers.
5) DLT Pay Integrates LI.FI’s Widget 🤝
DLT Pay, a Web3 & stablecoin payments app for businesses, has integrated LI.FI's Widget to power cross-chain swaps inside their dApp. With the integration, DLT Pay users can now bridge and swap their assets across 15+ EVM-compatible chains & Layer-2 networks in just a few clicks.
Multi-Chain Ecosystem Updates
1) opBNB Testnet Live 🔥
BNB Chain introduced opBNB testnet, an EVM-compatible high-performance and low-cost L2 based on Optimism's OP Stack. opBNB testnet is expected to reach speeds of 4,000 tx per second at a targeted cost of 0.005 U.S. cents per transaction. Learn more about opBNB.
2) Polygon 2.0 Proposal: From PoS to zkEVM Validium 💜
As part of the Polygon 2.0 plan, Polygon Labs proposed a plan to upgrade the Polygon PoS chain to a zkEVM Validium. As a zkEVM validium, Polygon PoS would inherit Ethereum's unmatched security while preserving low fees & high scalability.
3) Introducing Stages — A Framework to Evaluate Rollups Maturity 🫡
L2Beat introduced Stages, a comprehensive framework to track the evolution and rank the maturity of L2 projects.
4) Zora Launches its Own L2: Zora Network 💪
Zora, an NFT marketplace, announced the launch of Zora Network, a new layer 2 blockchain secured by Ethereum and built on Optimism’s OP stack. Zora Network is live and integrated directly into all existing ZORA create tools.
5) Offchain Labs Releases Arbitrum Orbit Chains 👀
Offchain Labs released tooling and a guide for building your own Arbitrum Orbit chain. Arbitrum Orbit is a new product offering that lets you create your own self-managed Arbitrum Rollup and AnyTrust chains. These Orbit chains settle to one of Arbitrum's Layer 2 (L2) chains: Arbitrum One, Arbitrum Nova, or Arbitrum Goerli.
6) Optimism is now OP Mainnet 🔴
Optimism announced that it changed its name to OP Mainnet in line with its "Superchain" vision. According to the team, “this distinction makes clear the delineation between the OP Mainnet blockchain and the Collective, vibe, and ethos that “Optimism” encompasses.”
What’s Popping?
The Managers NFT ft. First-Ever Cross-Chain Mint!
“The Managers" is an innovative project that pushes the boundaries of innovation by harnessing the power of the groundbreaking ERC6551 standard, also known as the Token Bound Account (TBA).
Just last week, the project unveiled its highly anticipated mint, but this was no ordinary mint. What made it truly exceptional was the integration of LI.FI's widget and the NFT Checkout Flow — users could now mint a Managers NFT using any token from any chain.
In this article, we will explore how the Managers innovates with ERC6551 and how the NFT Checkout Flow can make paying for NFTs easier.
Let’s dive in!
Understanding the Power of ERC6551
The ERC6551 standard is open-source, permissionless, and decentralized, allowing teams to develop on top of it without any barriers.
At its core, ERC6551 introduces a remarkable concept—a smart contract wallet embedded within each token. This empowers every NFT, whether pre-existing or freshly minted, to possess tokens and seamlessly interact with dApps throughout the Ethereum ecosystem.
With ERC6551, NFTs become more than just collectibles. They become powerful instruments that can facilitate the transfer of multiple assets in a single transaction. Additionally, ERC6551 enables seamless integration of NFTs in diverse domains, such as gaming, decentralized autonomous organizations (DAOs), digital identity, and beyond.
Let's explore some of the use cases the ERC6551 standard opens up:
1. Streamlined Transfer of Multiple Assets
With ERC6551, you can consolidate all these NFTs into a single token, allowing you to sell the entire collection in a single transaction. This saves time, reduces fees, and simplifies the process of managing and transferring multiple assets.
2. Enhancing the Gaming Experience
By transferring all in-game assets into a single ERC6551 NFT, players can enjoy smoother interfaces and developers can create a more user-friendly environment. This integration eliminates the need for separate tokens for each in-game asset, streamlining the gaming experience for both players and developers.
3. DAOs, Voting, and Governance
With ERC6551, each member of a DAO can hold a unique NFT that represents their identity within the organization. This membership NFT becomes more than just a symbol; it becomes a gateway to a world of possibilities.
Members can now collect various proofs of achievements within their membership NFT, including POAPs, Soulbound tokens, and badges. This personal ID showcases their accomplishments within the DAO community, establishing a transparent hierarchy of trust and recognition among members.
4. Baskets and Token Indexes
ERC6551 NFTs enable the creation of baskets or indexes of niche tokens. For example, you can consolidate a collection of Liquid Staking Derivatives (LSD) tokens into a single NFT.
Within a single token, you can have multiple baskets or indexes, allowing for diverse trading and competition among collectors. This feature opens up exciting possibilities for traders and enthusiasts to explore various combinations and optimize their portfolios.
5. Ethereum Address Secondary Market
With ERC6551, it becomes easy to build a reputation score for an Ethereum address and trade it on the open market. This secondary market presents a unique opportunity for individuals and investors to capitalize on the value associated with specific addresses.
These are just a few examples of the countless applications of ERC6551 in various industries. The integration of ERC6551 into marketplaces and the continuous development of new features by teams promise an exciting future for NFTs.
One of the projects innovating with ERC6551 that we’re particularly excited about is the Managers, let’s find out more about it!
The Managers: Pioneering ERC6551 Adoption
The Managers collection features 10,000 generative art NFTs, each with unique traits and visual elements. These elements reflect various aspects of crypto and internet culture, including Twitter checkmarks, Trump hairstyles, sunglasses, and even Steve Jobs' iconic turtleneck. The collection also pays homage to different communities and tokens, further fostering a sense of connection and shared identity among collectors.
To fully experience the ERC6551 protocol, all Manager NFTs receive additional airdrops, including two additional NFTs and ERC20 meme tokens. This starter pack equips users with the necessary tools to explore and engage with ERC6551-powered features and functionalities.
Apart from the project’s exciting roadmap, there’s one more thing special about it.
The Managers NFT has embedded LI.FI’s widget and NFT checkout flow directly in their website. This integration allows anyone to mint a Managers NFT effortlessly, using any token and from any blockchain, with just a few clicks!
Imagine the possibilities: I personally used $ETH on Arbitrum to pay for my Managers NFT mint on Ethereum. Previously, achieving this feat would have entailed multiple steps:
Previously, accomplishing this would involve several steps:
1. Users would need to find a DEX to swap their tokens.
2. They would then have to find a bridge to transfer their funds across different chains.
3. Finally, they would have to visit the NFT's website to mint their desired NFT.
Now users can skip all these extra steps and do everything mentioned above in a single, user-friendly platform.
Join The Managers Community
The partnership between LI.FI and The Managers marks a significant milestone—the first-ever cross-chain mint! This pioneering collaboration exemplifies a shared vision of pushing the boundaries of technology and embracing the future of NFTs.
You can mint your own Manager NFT at themanagers.wtf/lifi.
Be part of the revolution that is shaping the future of NFTs!
Interesting Reads
1) Interoperability For Modular Blockchains: The Lagrange Thesis
2) Vitalik: Deeper dive on cross-L2 reading for wallets and other use cases
3) Deep-dive into Atomic vs CeFi-DeFi arbitrage
5) An Alternative Path, Part 1: Fully L1-Aligned Protocols
6) Visa: Exploring the monolithic and modular designs
Get Started With LI.FI Today
For more information about the LI.FI protocol,
Head to our link portal at link3.to/lifi
Read our SDK’ quick start’ at docs.li.fi
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