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  • The R Roundup: Celestia Announces Airdrop 🪂 - Issue #108

The R Roundup: Celestia Announces Airdrop 🪂 - Issue #108

Issue #108 : Web 3 News Headlines Of The Week

The R Roundup: Celestia Announces Airdrop 🪂 - Issue #108

In the coming weeks, blockchain innovator Celestia is set to release 60 million of its native tokens, tia, through a Genesis Drop, as revealed on X.

This initiative targets 7,579 developers and over half a million onchain addresses across Ethereum rollups, Cosmos Hub, and Osmosis. Celestia, with its modular blockchain framework, aims to challenge stalwarts like Ethereum by decoupling the consensus mechanism from execution.

This strategic move allows developers to deploy decentralized blockchains on Celestia's platform without the hassle of establishing a consensus network anew.

The Genesis Drop participants, upon acquiring tia tokens, will have the privilege to buy blobspace and contribute to network security from the outset. This token drop, constituting six percent of the total supply, is scheduled to conclude on October 17.

Walmarts Pudgy Presence🐧

Walmart, the global retail giant, is gearing up to introduce the NFT collection Pudgy Penguins' toyline across its 2,000 stores in the U.S.

Each Pudgy toy serves as a gateway to Pudgy World, a vibrant digital social arena where users can craft their "Forever Pudgy" avatars, engage in mini-games, and interact with fellow users. This digital domain is built on the Ethereum Layer 2 blockchain network, zkSync Era.

Each Pudgy toy comes with a unique birth certificate, enabling users to unlock special traits for their digital Forever Pudgy character in Pudgy World via a QR code scan. The toys, reflecting traits from NFT collections like Meebits and DeGods, also offer existing NFT holders licensing royalties for each corresponding toy sold at Walmart.

Moreover, a golden ticket hidden in select Pudgy toys sold at Walmart grants access to a rare trait for the digital Forever Pudgy Penguin in Pudgy World.

Members Mirror Launching This Week🪞

For all of our loyal readers subscribed to the members library are aware of the upcoming change which will now give our first ever fully web-3 native reading expereince!

Watch out for a-lot of things launching during London Web 3 Week as we head to some exciting times🇬🇧

Kraken Contemplates Stock Trading📈

Crypto exchange behemoth, Kraken, is reportedly gearing up to extend its trading services to encompass U.S.-listed stocks and exchange-traded funds (ETFs).

The ambitious expansion is slated for a 2024 launch in both the U.S. and U.K. markets, under a newly minted division, Kraken Securities. This venture beyond the crypto realm necessitates regulatory nods from the Financial Industry Regulatory Authority in the U.S. and its U.K. counterparts, approvals which Kraken reportedly has in its pocket.

This strategic move by Kraken underscores a broader trend of crypto exchanges diversifying their offerings, bridging the traditional financial markets with the burgeoning digital asset ecosystem.

Through Kraken Securities, the exchange is poised to offer a more holistic trading platform, melding conventional assets with crypto, thereby potentially attracting a wider investor base.

LSDs Are Ethereums Favourite High💊

Since the turn of the new year, liquid staking derivatives have consistently been touted by market experts as a gold mine especially on the industries darling chain, Ethereum.

As per DeFiLlama, over 12 million $ETH has now been locked in liquid staking derivative projects within the Ethereum ecosystem.

While the market hasn’t had much to party about, hard core crypto natives have been calling LSDs as a comfortable narrative despite the shaky times.

A Week At RR📆 

Check out last weeks content published to stay up to date with the latest research trends & industry talking points👇

RR Files🗂️

Wondering what we are reading this week at RR?

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As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies.

This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.

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