It’s a Date: Ethereum Shapella Unstaking Upgrade Set for April 12
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BNB Chain Spotlight: WenAirDrop
July 21, 2022
MINS
WenAirDrop discusses the growing NFT ecosystem on BNB Chain and the progress of his partner project, Main Street News Media.
Presenting WenAirdrop.NFT
BNB Chain is the home of many Non-Fungible Token (NFT) enthusiasts and protocols in the Decentralized Finance (DeFi) space. Users have access to top NFT projects from individuals with a considerable interest in exploring unique designs and impacting the NFT space on the popular chain.
BSC News helps bring these top NFT enthusiasts to users by holding short interview sessions. Previously, we reached out to Binance Rookie of the Year CryptoJones, who shared his thoughts about NFTs.
This time, we interviewed another top NFT enthusiast, Marcus Andrews, known as WenAirdrop.NFT.
WenAirdrop is the Twitter Spaces host and Head of Business Development for NFT protocol Money Monkeys on BNB Chain. Money Monkeys is part of the Main Street News Media ecosystem, which connects real investors with real projects. He is also in partnership with Haddies Bay Club NFT, another promising protocol on BNB Chain.
“I currently host Twitter Spaces and business development for an NFT project called the Money Monkeys. We are currently in the process of building and branding. I am also partnered with Haddie’s Bay Club, and we’ve got a lot of big things coming out there as well,” WenAirdrop told BSC News.
Inspiration for the ‘WenAirDrop’ Name
We asked Andrews about the origin of his screen name, WenAirDrop.
He said the name came from his time surfing on Unstoppable Domains, the number one provider of NFT domains and crypto addresses on the blockchain.
While looking for a domain name during Unstoppable Domain’s Black Friday sales event, he came across numerous comments from users asking “Wen Airdrop?” from the platform because they thought buying a domain would allow them to receive an airdrop.
“I was just literally trying to find names to buy or domains to buy because of the buy one, get one free. And in the group, people were going crazy buying these domains because they thought they were going to get an airdrop as ENS did,” he said. “And so in the group, people kept asking “Wen airdrop? Wen airdrop? Wen airdrop?” There was like an autoresponder message that kept coming on. So I looked it up and saw that WenAirDrop was available.”
WenAirDrop.NFT is a domain with an actual wallet address, as issued by Unstoppable Domains.
Main Street News Media and Money Monkeys NFT
WenAirDrop’s partner project, Main Street News Media, aims to create a trust-based ecosystem to give reasons to invest in crypto and NFTs. It is a community-oriented news/media aggregator covering various blockchain topics and connecting investors to projects.
The platform also has a native NFT collection called Money Monkeys. According to WenAirDrop, Main Street News Media wants to develop into a financial hub incorporating Money Monkeys as an investment fund.
“At Main Street News Media, we do project AMAs, promotion, and marketing. We may look to expand further into incorporating a DEX, which is a big thing. We wanted to become a financial hub that incorporates the NFT as an investment fund. A lot of strategies that we are going to be implementing with the Money Monkeys. So, imagine like a Wall Street, but for degens,” Andrews said.
Money Monkeys NFTs are a generative collection of unique pixel artworks in limited supply. Holders receive passive rewards in the protocol’s native currency, $MAINST. WenAirdrop spoke about the benefits of holding Money Monkeys NFTs, adding that the protocol yield-farms 100% of mint money and gives the profit to holders.
“We put 100% of the mint money into a $BANANA farm. We yield-farm it. We give the profit that is generated each month back to the holders in the form of digital revenue. At some point, when we are done minting, we will use the money to invest in Web3 and generate real, actual profit and returns to our holders,” he said.
Upcoming DAO and NFT Marketplace
WenAirDrop disclosed that holders would also benefit from a DAO and an NFT marketplace after minting is complete. Users would utilize their funds to vote and create proposals for the project’s development.
“We’re waiting until once we mint out, when we’re able to create the DAO and then put the use of funds to the vote and start creating proposals. We are also looking at integrating an NFT marketplace as well,” he said.
Huge Fan of NFTs
As a solid Twitter Spaces host who discusses Money Monkeys NFT, WenAirDrop strongly supports digital collectibles. He believes that NFTs are the future of entertainment.
“I believe they’re the only assets you can ‘own’ on the blockchain besides Bitcoin, especially the ones with utility in relation to their topic,” Andrews said about NFTs. “The power of NFTs is the future of entertainment, I think, is the future. That’s why I’ve tried to invest everywhere possible, like anything that seems interesting.”
Partnership With Haddies Bay Club
As stated earlier, WenAirDrop is part of the Haddies Bay Club team. Although Haddies’ minting has been slow, he stated that the protocol plans to launch something exciting for holders. Haddies Bay Club will launch a “Save The Reefs Box” containing lobster products and market it to the public.
Interestingly, some percentage of the profit made from the Box will go to Haddies’ holders and be used for reef conservation:
“Ten percent of that box is actually going to be donated to a conservation trust that has to do with saving the reefs, which is why it's being branded the ‘Save The Reefs Box.’ But as an additional benefit, just because 15% of the Save the Reefs Box revenue is going into a pool, owners are going to be able to claim rewards. It’s going to be evenly distributed amongst Haddies’ holders, and that is pretty much the main utility of Haddies,” WenAirDrop told BSC News.
With the Save The Reefs Box initiative, Haddies looks to create Web2 properties that generate revenue for its holders.
NFT Expoverse Plus Giveaway
Main Street will be at the NFT Expoverse in Los Angeles at the end of July. The blockchain event brings together entrepreneurs, creators, and enthusiasts to unveil their projects related to Web3, DeFi, Decentralized Applications (dApp), metaverse, and more.
The event will take place at the Los Angeles Convention Center from July 29-31, featuring numerous speakers in the blockchain space, including WenAirDrop. On July 29, Andrews will represent Main Street and speak on “Using NFTs to Create Your Unique Digital Identity in the Metaverse.”
While speaking to BSC News, WenAirDrop disclosed that the main objective for Main Street’s appearance in the NFT Expoverse is to create awareness for its Gleam giveaway. The protocol plans to award free NFTs to participants and is working on integrating many top projects on BNB Chain.
“The main objective when we come out here, we’re going to do this Gleam giveaway. Hopefully, we’re setting up our booth to try to attract people to it. We are going to put out a sign with ‘Free NFTs on it,’” Andrews said. “And we’re handing everybody a flyer that links to this Gleam that’s going to have as many partner projects as we can get on it. We’ve got quite a few already.”
He also disclosed that the Main Street team would try to persuade users to mint a BNB Chain NFT and participate in the Gleam contest to win a free one. Further, the grand prize will be a top Money Monkeys NFT.
Some of the NFT partners include BitPunks, The Bull Society (TBS), PixelSweeper, Baked Potatoes, Haddies Bay Club, etc. The Gleam event will be launched during the NFT Expoverse.
BSC News will update you as the event in LA unfolds.
Final Words
WenAirDrop is an active supporter of the NFT ecosystem on BNB Chain. He strongly advocates for growing NFT protocols, like Money Monkeys and Haddies Bay Club. His appearance during the NFT Expoverse is one to look out for, and BSC News expects it to be a success for WenAirDrop and Main Street News Media.
Learn more about the Main Street News Media platform through the following links:
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Related News
Radiant Capital Expands From Arbitrum to BNB Chain
March 28, 2023
Radiant’s expansion from Arbitrum to BNB Chain is the first-step in its omnichain DeFi aspirations.
DeFi on Arbitrum, BNB Chain
Aspiring omnichain money market Radiant Capital is now live on BNB Chain.
The expansion by the Arbitrum-native lending platform is another link in the cross-chain Decentralized Finance (DeFi) ecosystem that is emerging on the two Ethereum Virtual Machine (EVM)-compatible networks.
As BSC News reported previously, Radiant recently launched its v2 product on Arbitrum. Built on Layer Zero, Radiant intends to allow users to deposit assets from any major blockchain, borrow assets across multiple chains, and withdraw funds to any major blockchain.
According to DefiLlama, Radiant has the second-largest Total Value Locked (TVL) on Arbitrum, with nearly $334 million. That puts it above Uniswap and only behind GMX.
Radiant’s Arbitrum TVL would put it in fourth place on BNB Chain, behind PancakeSwap, Venus and Alpaca Finance.
On launch, Radiant has just over $28 million in TVL on BNB Chain, according to DefiLlama.
In a Twitter thread accompanying the announcement of its expansion, Radiant cited BNB Chain’s growth and overall size in terms of users and TVL.
“In short: @BNBCHAIN is dominating DeFi onboarding[.] And Radiant v2's BNB integration means it's one step closer to the ultimate vision: Become DeFi's premiere, cross-chain lending market,” Radiant tweeted.
Radiant’s announcement comes one day after stableswap Wombat Exchange announced it would be expanding from BNB Chain to Arbitrum on April 5, bringing with it the WOM Wars competition among yield-boosting protocols Wombex Finance, Magpie XYZ and Quoll Finance.
Other DeFi protocols that are live on both BNB Chain and Arbitrum include Uniswap, Trader Joe, ApeSwap, ApolloX and Dopex.
What is Radiant Capital:
Radiant intends to be the first omnichain money market, allowing users to deposit any major asset on any major chain and borrow a variety of supported assets across multiple chains.
Lenders who provide Radiant with liquidity will earn a passive income from their deposit assets. Borrowers can withdraw against collateralized funds to obtain liquidity (working capital) without selling assets or closing positions.
Radiant's cross-chain interoperability is built on Layer Zero, taking advantage of Stargate's stable router interface. Lenders who want to reclaim their collateral can specify which chain to withdraw funds from and what percentage to send to each chain.
Learn more about Radiant Capital:
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Chingari Announces Integration with Wormhole for Cross-Chain Expansion to Aptos
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March 29, 2023
The integration will also enable Gari Network with an easy and efficient way to migrate assets from Solana to Aptos, paving the way for a smooth bridging operation.
Chingari Goes Crosschain
Chingari, the on-chain social app, announced its integration with Wormhole to enable cross-chain expansion to the Aptos network.
“This partnership seeks to enable Gari Network with an easy and efficient way to migrate assets from Solana to Aptos, paving way for a smooth bridging operation,” The Gari Network team stated.
Last month, Gari Network announced its plans to go multi-chain, enabling the Chingari app to launch on the Aptos blockchain in the second quarter. But what the recent integration will bring for Gari Network:
Benefits of Wormhole Integration
According to Gari Network, users can access different blockchain networks from a single wallet with the recent integration. By integrating cross-chain interoperability, Chingari looks to expand its user base to the Aptos community and offer more innovative features.
Further, core contributors to Gari Network can use Wormhole to transfer emissions to Aptos' Gari wallet when it becomes available. With the Chingari app, new users can use the Aptos-backed Gari wallet seamlessly without needing to migrate.
Furthermore, the protocol believes that the integration can significantly improve performance by offloading some transactional load to other networks.
Having over 5 million daily active users and 2.2 million GARI wallet holders, Chingari has become an increasingly popular platform for entertainment and social interaction.
Gari Network (GARI) is trading at $0.05153, up 1.07% in 24 hours.
What is Chingari:
Chingari is a video-sharing mobile app. In these videos, users can add visual effects, lip-sync, dance, or voice-over movie scenes and comic dialogues. The Company’s vision is to be the best of its short video-sharing platform for its users. A hot new stage for flaming talent to show the world who you are by capturing flawless videos and sharing them in seconds. Express yourself, Create amazing videos, and connect with the content you love! We are a growing family that values diversity by doing the right thing with precision, pace, and passion for reaching the Fast Moving Needs of Modern Bharat.
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It’s a Date: Ethereum Shapella Unstaking Upgrade Set for April 12
March 29, 2023
The Shanghai + Capella (Shapella) update to the Ethereum mainnet is the biggest on-chain event of the year, as it allows for the withdrawal of staked $ETH.
Ready for ETH Unstaking?
The biggest on-chain event of the year finally has a firm date. The Shanghai + Capella (Shapella) upgrade to the Ethereum mainnet will take place around 10:30 p.m. UTC on Wed., April 12.
Ethereum core developer Tim Beiko said in a Twitter thread that Shapella bug bounties are being doubled until April 5. Additionally he included a link to the Shapella Watch Party on YouTube.
According to an announcement from the Ethereum Foundation Blog, the update’s March rollout to the Goerli testnet has gone smoothly, and developers quickly reached a consensus on the timing of the mainnet upgrade.
“This upgrade follows The Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. It also introduces new functionality to both the execution and consensus layer,” according to the blog.
The immediate knock-on effect of the anticipated Shapella upgrade has been to create new demand for Ether liquid staking projects. The thinking is that the new ability to unstake $ETH will attract more users to stake their $ETH – and, instead of just staking directly, to use a liquid staking protocol that enables them, effectively, to “double-dip” in yield farms and Decentralized Finance (DeFi) platforms.
What is Ethereum:
Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts - that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).
Find more about Ethereum here:
Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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SafeMoon’s Liquidity ‘Compromised’ for $9M, SFM Token Plummets
March 29, 2023
PeckShield said a “public burn bug” was introduced during an update by the official SafeMoon deployer.
More Trouble for SafeMoon
There’s been another incident with the SafeMoon project, which announced that its SFM/BNB Liquidity Pool had been “compromised.” On-chain data indicates the amount drained approached $9 million.
SafeMoon CEO John Karony tweeted that only the SFM/BNB LP was affected, and the project’s exchange platform is “safe” along with the wallet.
This isn’t the first time SafeMoon has been in the negative spotlight. In April 2022, YouTuber Coffeezilla published two videos looking into the project’s troubles, some of which predated Karony’s tenure.
In regard to the current incident, blockchain security firm PeckShield tweeted that the code that was exploited – a “public burn bug” – was introduced by the official SafeMoon deployer.
“The upgrade, with the exploited public burn bug, was initiated by the official SafeMoon: Deployer. (Admin key leak?),” PeckShield said.
Data from BscScan indicates that the exploiter’s wallet transferred the funds to a second wallet, which sent a message to the SafeMoon deployer, saying “Hey relax, we are accidently frontrun an attack against you, we would like to return the fund, setup secure communication channel , lets talk”.
Upon news breaking about the incident, the SFM token’s value dropped by about 30%, according to CoinGecko, though it has since regained some of that loss.
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Pi Network Introduces Ambassador Program to Onboard Local Businesses to the Pi Ecosystem
March 29, 2023
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Pi Network created the local business ambassador program to onboard Pioneers who can convince users to integrate Pi payments into their businesses.
Become a Local Business Ambassador on Pi Network
Becoming a local business ambassador is the second ecosystem program unveiled by Pi Network on Pi Day 2023. Like the ecosystem ambassador program, Pioneers can contribute to the network’s development.
The local business ambassador program is for stores, shops, and small businesses that accept Pi payments. Already, numerous stores have started receiving Pi payments for goods and services, and Pi Network has recognized its importance in contributing to a solid infrastructure in the Decentralized Finance (DeFi) space.
“Local businesses are an important component to the Pi ecosystem and will make great contributions to building substance and utilities for the network,” Pi Network’s announcement read. “Local businesses are also where the grassroots power of the Pi community can be unleashed to have great potential and impact—something rarely seen in other networks.”
Pi Network created the program to onboard Pioneers, contributing to Pi’s development by bringing local businesses into the Pi ecosystem through Pi payment integration. However, while it promotes the network’s awareness, there may be some challenges.
To solve these challenges, such as location, accountability, and many more, Pi Network opened community proposals for Pioneers to submit their ideas on encouraging users to integrate Pi payments into their local businesses.
“If you are knowledgeable about local businesses or enthusiastic about this direction of ecosystem building, submit your ideas via the Pi support portal. Stay tuned for more updates on this program,” Pi Network wrote.
Open the Pi Day announcement HERE to submit your ideas about the initiative.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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