On September 26, Vitalik Buterin posted a new blog On Nathan Schneider on Lthe imits of Cryptoeconomics, in which it read: " Nathan Schneider has recently released an article describing his perspectives on cryptoeconomics, and particularly on the limits of cryptoeconomic approaches to governance and what cryptoeconomics could be augmented with to improve its usefulness. This is, of course, a topic that is dear to me, so it is heartening to see someone else take the blockchain space seriously as an intellectual tradition and engage with the issues from a different and unique perspective. "
The fund will fuel the growth of decentralized exchanges, money markets, options markets, synthetic asset applications, and NFT platforms, all running on the best blockchain network for the future of finance.
As the final Polkadot 1.0 release, complete with Parachains draws close, the Cross-Consensus Messaging format, XCM for short, is approaching its first production-ready release. This is an introduction to the format, its goals, how it works and can be used to achieve typical cross-chain tasks. One fun fact to begin with… XCM is the “cross-consensus” messaging format, rather than just “cross-chain”. This difference is a sign of the goals of the format which is designed for communicating the kinds of ideas sent not just between chains, but also smart-contracts and pallets, and over bridges and sharded enclaves like Polkadot’s Spree.
The NFT ecosystem is growing rapidly, and it’s a significant part of the Ethereum chain’s gas consumption. The youth and relative lack of entrenchment of the ecosystem, as well as the greater need to avoid high fees due to the non-financial nature of a large part of the NFT sector, makes it a prime target for moving to layer 2. However, this opens the question of how a move to layer 2 could happen.
The blockchain-powered gaming sector keeps increasing. In August, more than on average 883,000 daily unique wallets interacted with game-related smart contracts. In a month that witnessed record sales volumes in NFTs, Axie Infinity continues its strong run while other gaming dapps have seen their adoption skyrocket. The metaverse and relevant layer-2 solutions keep preparing themselves to welcome a more mature gaming sector.