LensLinks: Issue 16

A blockchain news roundup, brought to you by Regiment LLC

Author

Len Pacek
October 25, 2022

Today in LensLinks:

  • SBF: Quote of the Day + Replies to Constructive Feedback + $6M to Phishing Attack Victims

  • The Great NFTrees project

  • Will All Metaverses End Up Being Connected?

  • 101: What are governance tokens, and how do they work?

  • Outsmart Yourself: Become a Better Crypto Trader

  • How Crypto Traders are Weathering the Bear Market

  • Can "Anyone Start a Hedge Fund" with On-chain Credit?

  • And Much, Much, More...

QUOTABLE...

“Whelp, that was an interesting few days. Huge thanks to everyone who provided constructive feedback.”

- Sam Bankman-Fried, the CEO of centralized exchange FTX and founder of trading firm Alameda Research

NOTABLE...

SBF Replies to 'Constructive Feedback' on His Regulatory Proposals - The Defiant

Sam Bankman-Fried, the CEO of centralized exchange FTX and founder of trading firm Alameda Research, is trying to regain favor in the DeFi community after coming under fire for his opinions on regulation last week.

https://thedefiant.io/sbf-replies-critics-regulation

On Oct. 19, Bankman-Fried published a document laying out principles he believes should drive digital asset policy in the U.S.

Oversight

Critics took exemption with Bankman-Fried’s prescriptions for regulating DeFi, which call for U.S. persons hosting front-end interfaces for popular DeFi protocols to observe know-your-customer obligations.

“If you host a website aimed at facilitating and encouraging U.S. retail to connect to and trade on a DEX, this may end up falling under something like a broker-dealer/FCM/etc,” Bankman-Fried said. He added that entities marketing DeFi products to U.S. retail investors should also be subject to regulatory oversight.

 Metaverse & Gaming

Q&A: Play-to-earn mechanics 'kill' blockchain games — so what's the answer?

Do play-to-earn mechanics kill blockchain games over time? This project thinks so — and that's why it is focusing on long-term sustainability

https://cointelegraph.com/news/qa-play-to-earn-mechanics-kill-blockchain-games-so-whats-the-answer

The play-to-earn boom has left many blockchain games on the scrapheap because they relied upon unrealistic tokenomics.

Here, Angelic's Founder and CEO Erkan Bayol explains why, despite all of this, NFTs have huge potential in the world of gaming — as long as they're added in the right way.

 Blockchain, Tokens & DeFi

Crypto incubators have a responsibility to maintain fiscal discipline

Incubators provide a foundation for many crypto companies and have a responsibility to ensure they’re taking steps to survive in a bear market.

https://cointelegraph.com/news/crypto-incubators-have-a-responsibility-to-maintain-fiscal-discipline

Contrary to popular belief, a bear market provides ideal conditions for startup founders and developers to work on technological innovations. The absence of market frenzy and speculative investing helps startups to focus on the fundamentals, which are beneficial in the long run. However, bear markets dry up capital sources, and liquidity becomes the proverbial mirage of an oasis in the desert sand. Thus, startups turn toward incubators who become messiahs with their network of angel investors and venture capitalists.

Crypto Trading

This Week on Crypto Twitter: Ripple Wrenches SEC Documents Loose, Mango Markets Hacker Tweets Trading Tips - Decrypt

How exactly does Gary Gensler plan to be the sheriff of cryptoville if he can’t even police truants at the SEC?

https://decrypt.co/112666/this-week-on-crypto-twitter

Notorious hacker Avraham Eisenberg—who claimed he was acting in the interests of Mango Markets depositors last week when he stole over $100 million from the crypto trading platform, returned $67 million of it, and got away with it—tweeted some hot tips for crypto trading on Aave. That is, if you’re a billionaire.

Metaverse & Gaming - A Little More...

How's The Metaverse Doing A Year Later? Can It Still Become A Clean Technology?

About a year ago, I wrote a series of articles exploring the possible benefits and downsides of Facebook's Meta's Metaverse plans. In some ways, referring to it that way isn't fair, because Oculus (which was

https://cleantechnica.com/2022/10/23/hows-the-metaverse-doing-a-year-later-can-it-still-become-a-clean-technology/

Will All Metaverses End Up Being Connected?

https://cryptonews.com/news/will-all-metaverses-end-up-being-connected.htm

Banking on Metaverse

"What is the Matrix?” While Keanu Reeve asking this question in the movie was an act of fiction...

https://www.finextra.com/blogposting/23113/banking-on-metaverse

Blockchain, Tokens & Defi - A Little More...

What are governance tokens, and how do they work?

Governance tokens allow users the opportunity to take on a more active role in managing decentralized projects.

https://cointelegraph.com/news/what-are-governance-tokens-and-how-do-they-work

Anyone Can Start a Hedge Fund: How On-Chain Credit Changes the Crypto Economy

Undercollateralized loans open crypto into new forms of financing, and could spur a wave of trading activity and capital formation.

https://finance.yahoo.com/news/anyone-start-hedge-fund-chain-121319271.html

Crypto Trading - A Little More...

Crypto Exchange FTX To Provide $6 Million After Users Lose Millions To Phishing Attack

FTX traders lost millions worth of cryptocurrencies in an API exploit that allegedly involved crypto trading platform 3Commas.

https://bitcoinist.com/ftx-to-provide-6m-to-phishing-victims/

Outsmart Yourself: Become a Better Crypto Trader by Avoiding the Top Cognitive Biases

The DeFi Edge runs down four of the most mental hang-ups affecting crypto traders.

https://www.coindesk.com/layer2/2022/10/24/crypto-trading-cognitive-bias-examples/

How Crypto Traders Are Weathering the Bear Market

Three full-time crypto traders share their best trades, worst bets and how they are weathering the crypto winter.

https://www.coindesk.com/layer2/2022/10/24/how-crypto-traders-are-weathering-the-bear-market/

ESG (Environment, Social & Governance)

How The Great NFTrees, Metaverse & Digiverse Can Change The Middle-East

I believe the Middle East and Dubai would be a perfect place for an incubator project he’s been developing, which is focused on nature based solution and restoration, as well as fit for what I call the DigiReal Multiverse.

https://www.greenprophet.com/2022/10/great-green-wall-africa-2/

The Great NFTrees project will see users to purchase tree NFTs connected to geo-tagged locations and the actual planting of these trees in Africa’s Great Green Wall and aims to grow one trillion trees across 8,000 km stretch of land in Africa.

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.