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Hey Waivly Crew! 🌊 Yesterday, the Ethereum Foundation ran the oldest Proof-of-Work testnet, Ropsten, through The Merge. Crypto exchange WhiteBit has bought this year's Eurovision trophy to raise funds for Ukraine’s armed forces.
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Nike’s RTFKT buys ‘DotSwoosh’ Ethereum Domain Name
RTFKT, the Web3 arm of sportswear giant Nike, has acquired the dotswoosh.eth Ethereum Name Service (ENS) domain for 19.72 ETH, approximately $38,000.
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While it’s unclear what RTFKT and Nike will use the domain for, the 19.72 ETH amount may subtly refer to the year Carolyn Davidson‘s iconic Swoosh logo made its first public appearance on Nike shoes.
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This isn’t the first ENS domain RTFKT has bought, as the company also owns artifacts.eth, rtfkt.eth, skinvial.eth, drmos.eth, mintvial.eth, dreamos.eth, spacedrip.eth, dripcoin.eth, and m2tekno.eth.
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Since acquiring RTFKT last December, Nike has been making big moves in Web3 in partnership with the digital fashion company. Nike recently launched an NFT project called ‘RTFKT x Nike Dunk Genesis CryptoKicks,’ consisting of 20,000 virtual sneakers designed for wearing in the metaverse.
Ethereum Beacon Chain launches on Ropsten testnet
Ethereum’s only Proof-of-Work testnet, Ropsten, launched its Proof-of-Stake beacon chain yesterday. The two are expected to merge on June 8th.
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Core Ethereum developer Tim Beiko announced on Twitter that a new Beacon Chain for Ropsten has successfully launched. This brings Ethereum a step closer to its transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS), a highly-anticipated upgrade referred to as the “Merge.”
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Ropsten, which launched in 2016 with the name of a metro station in Stockholm, is Ethereum’s longest-lived PoW testnet that allows developers to conduct realistic tests before integrating updates on mainnet, the main Ethereum network.
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When Ropsten undergoes its own Merge, it will give the community an idea of what the upcoming upgrade on the Ethereum mainnet will look like. Two more testnets, Goerli and Sepolia, will also transition to PoS before the focus shifts to mainnet.
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The Merge is the most highly anticipated upgrade coming to Ethereum due to the concerns it aims to eliminate. It will transition Ethereum’s PoW consensus algorithm to PoS and, as a result, reduce the network’s network’s energy consumption by around 99%.
The Waves
👏 Tron becomes third largest blockchain in DeFi
📝 Cathie Wood’s ARK Invest tries again for Spot Bitcoin ETF
🧟 Goblintown.wtf takes over the NFT space
👕 Prada to launch Timecapsule NFT collection
Creator Special
Resinaly creates and sells hade products made with resin-like pendants, photo frames, rings, and keyrings. If anyone is interested in buying custom-made jewellery, make sure to DM her on Instagram.
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Yungcasper is a variety streamer on Twitch who loves to chill and play different kinds of games, including Genshin Impact, Call of Duty, and many others.
WhiteBit buys Ukraine's Eurovision trophy in auction for armed forces
WhiteBit, an Estonian crypto exchange, has bought this year’s Eurovision crystal mic trophy for paid 500 ETH ($940,000) to help raise funds for Ukraine’s army.
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The glass, microphone-shaped trophy was one of several items auctioned online by Kalush Orchestra; the Ukrainian band that won Eurovision this year with its song ‘Stefania,’ which fused rap with traditional Ukrainian folk music.
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The auction was hosted by Ukrainian TV presenter Serhiy Prytula. All funds raised are going towards his charity, which has been supplying the Ukrainian army for many years, collecting aids, and responding directly to the needs of all military units.
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“You guys are amazing. We appreciate each and every one of you who donated to this auction and a special thanks to the team Whitebit who purchased the trophy for $900,000 and are now the rightful owners of our trophy.” the band posted on Facebook.
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
Share The Wave
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