Web3 Hand-copied Newspaper: This week's industry hotspots and explosions that should not be missed

Foresight News gives you a quick look at this week’s trending topics and recommendations:

01 Hot Search List of the Year

“Year-end Inventory|List of 2023 Crypto Industry Hot Search List”

02 Web3 + AI Track Overview

Web3 + AI Track Panorama Inventory: More than 130 Projects, What Are the Undiscovered Treasures?

03 Inscription Layout

"The “Water Seller” Ecology is Gradually Taking Shape, an Overview of the Inscription Infrastructure Territory

04 Solana Wave

“WHICH CATS AND DOGES HAVE BECOME COMMUNITY STARS UNDER THE SOLANA MEME WAVE?”

“Solana Liquidity Staking Landscape: Jito and Marinade Who is King?”

Solana Co-Founder: The Ultimate Architecture for Solana

05 Arweave Fork Storm

“Arweave Gets Caught in the Fork Turmoil, Founder Bombards Storage Solution Irys”

06 Industry Thinking

Where are American Crypto Assets believers congregating?

What is the impact of U.S. OFAC long-arm jurisdiction on the Ethereum network?

Revisiting the Application Layer: The Age of Reflexivity Will End

How Taiko’s BBR Reshapes Ethereum and L2

01 Hot Search List of the Year

“Variable” is the greatest common divisor of the hot words in 2023, and it may cause even greater ripples in 2024 and beyond. We’ve compiled the 2023 Hot Search List based on this year’s Foresight News user search results and combined the capitalization of the same concepts. Recommended Articles:

“Year-end Inventory|List of 2023 Crypto Industry Hot Search List”

This year’s annual hot search list accounted for more than half of the specific project hot words, reaching 14, and “Hong Kong”, “Airdrop”, “RWA”, “Non-fungible Token”, “ETF”, “AI” and other major topics accounted for 6.

Looking at this year’s hot words, there are two most obvious features, one is that many hot words have become long-term topics throughout the year: for example, Hong Kong, AI and ORDI as the representative of the inscription track, and the other is that ETFs, ORDI, etc. have become new variables affecting the industry, which may cause greater ripples in 2024 and even further into the future.

02 Web3 + AI track overview

At the end of November 2022, the release of GPT-3.5 detonated the world, and also made most Crypto practitioners think about the possibility of combining AI and Web3. In the past year, the concept of Web3 + AI has become a trend, and “Blockchain solves the problem of production relations, AI solves the problem of productivity” has become a consensus. Foresight News conducts a panoramic inventory of the Web3 + AI track, recommended articles:

"** Web3 + AI Track Panorama Inventory: More than 130 Projects, What Are the Undiscovered Treasures?******

According to the author’s incomplete statistics, there are currently at least 140 Web3 + AI concept projects in the industry, and a total of 84 projects have been issued, and some will be issued Token next year. The 140 projects cover infrastructure, data, prediction markets, computing and computing power, education, Decentralized Finance & Cross-chain interaction, security, Non-fungible Token & Gaming & Metaverse, search engine, social & creator economy, AI chatbots, DID & messaging, governance, healthcare, trading bots and many other directions. Among them, there are as many as 29 infrastructure projects, 26 Non-fungible Token & Games & Metaverse projects, and more than 10 data, computing, and AI chatbot projects.

It is worth noting that the author found that most of the Web3 + AI concept projects have good fundamentals, and the team is down-to-earth in doing things and operations, and there is no shortage of well-known VC investments, such as a16z Crytpo, Jump Crypto, Hashed, DWF Labs, Foresight Ventures, HashKey Capital, Binance Labs, CoinFund, IOSG Ventures, SNZ, iant, 1kx, Bankless, Hash Global, Animoca Brands, Coinbase Ventures, Galaxy Digital, Sequoia, GSR, Dragonfly, and many more. In CoinFund’s eyes, AI is the fastest-growing area next year, while Messari is strongly bullish on the combination of AI and Crypto Assets.

03 Inscription Layout

With the continuous fire of the Bitcoin inscription track, manual participation in new inscription projects on the chain was quickly rolled into a sea of red. Recommended Articles:

"** “Water Seller” Ecology Gradually Takes Shape, an Overview of the Inscription Infrastructure Territory******

Inscription infrastructure-related projects cover Wallet, Cross-Chain Interaction, trading markets, casting tools, data & query and other tracks, this article counts nearly 30 projects (incomplete statistics), and shares with you to find the next star projects such as MetaMask, Uniswap, and LayerZero that may be hidden in the inscription infrastructure.

04 Solana Wave

The meme craze of the Solana ecosystem is sweeping the entire crypto market, and Silly Dragon, the meme “silly dragon” recommended by Solana co-founder toly at the Breakpoint summit, has soared 6 times in the past two days. In addition to Silly Dragon, what other popular meme projects are on Solana?Recommended Articles:

"UNDER THE WAVE OF SOLANA MEME, WHICH CATS AND DOGS HAVE BECOME COMMUNITY STARS?****

dogwifhat (WIF): According to the official website, "dogwifhat is not just a dog with a hat, but also a symbol of progress and a bellwether for those who dare to think ahead. 」

Leia the Cat (LEIA): Named after Leia, the cat of Solana co-founder Raj Gokal. LEIA has a total of 10 billion LEIAs, and 1% of the tax is automatically destroyed when bought or sold, enabling a deflation model.

Pop Cat (POPCAT): These are those videos that will make your eyes shine, using a picture of a cat named Oatmeal and photoshopping the cat’s mouth into a big “O” shape, which is simply cute.

KnobCoin (KNOB): It is actually spelled backwards in BONK, there is no pre-seed, there is no pre-start, and the Liquidity Provider Token is permanently burned.

Melon (MELON): A dog with a watermelon hat with only 282 Twitter followers, but 2,199 holders.

FLIPPUR: It’s an explosively cool dolphin with a cigarette in its mouth and a cool aura.

Chonky (CHONKY): is a fat cat with drool.

Peepo (PEEP): There is no pre-sale, the team does not accept any Token allocations, and 80% of the supply is Airdrop to the active Solana Wallet and community.

The Jito Airdrop on December 7 ignited the Solana Decentralized Finance ecosystem. This article will revisit Solana’s liquidity staking theory and compare Jito’s data with Marinade’s. Recommended Articles:

Solana Liquidity Staking Landscape: Jito and Marinade Who is the King?****

Some estimates suggest that more than 10,000 people have earned $10-$200,000 through Jito Airdrop. While some have pointed to a bubble in valuations, this is an incredible feat of wealth creation, and we don’t think this has been discussed enough: Crypto Assets reward early adopters more than any industry in history.

Not to mention, we’re excited to see a strong competitor enter Solana’s liquid staking space. We believe this game is good for both teams. Competition is good for innovation, but also for the health, security, and decentralization of the Solana network.

That being said, now it’s our job to figure out why the market is pricing Jito 7.7 times more than Marinade.

Solana co-founder and CEO Anatoly Yakovenko explained Solana’s architecture in detail, which was translated by Foresight News. Recommended Articles:

Solana Co-Founder: The Ultimate Architecture for Solana

The main trade-off is the lack of an acknowledgment signature on the Full Node servicing the user’s status to confirm that its provisioning status is exactly the same as the rest of the approval. The sole authoritative explanation of the state should remain the same, even if each transaction is replayed sequentially in the ledger. Any performance optimizations should not alter the results. So, once the fork is finalized, only the correct state is left to calculate, as long as the runtime implementation is error-free.

Node designed to reliably provide state should run multiple machines and clients, and if there is a discrepancy in state execution, they should stop operating. This is essentially what operators should be doing today, because relying solely on the rest of the network introduces most assumptions of integrity.

Users can also sign transactions that assert a BankHash or trigger a suspension. The rest of the network will execute these transactions only if the exact BankHash calculated is exactly the same as the BankHash provided to the user by the RPC provider.

05 Arweave Fork Turmoil

Perpetual storage protocol Arweave is in turmoil, and its storage solution Irys (formerly known as Bundlr Network) is considering forking Arweave, no longer maintaining ecological datasets, and will reset the Token supply. Sam Williams, the founder of Arweave, accused Irys of being greedy for the “sociopathic fork”. Recommended Articles:

“Arweave Caught in a Bifurcation Storm, Founder Bombards Storage Solution Irys”

Out of greed, Irys is considering abandoning the dataset and resetting the Token supply in order to fork Arweave.

There is an established mechanism in the > network called protocol evolution that accomplishes secure forks and network upgrades, but Irys seems to have ignored this

has a brand new, 100% free, 100% Irys-compatible bundle on the website. Just replace the current Irys Node URL to use, which completely solves the problem for Arweave users.

In light of this situation, ar.io network has decided to remove the Irys bundler from the trusted assemblies that Arweave Mainnet shut down. This will result in a significant delay before user data is available.

06 Industry Thinking

"Where are American Crypto Assets believers gathered?****

Based on circumstantial evidence, if your neighborhood appears on a Crypto Assets heatmap, you’re probably surrounded by young, wealthy, or taxpayers working in software development.

It’s no surprise that California leads the way in terms of the number of Bitcoin or other areas with a high concentration of Crypto Assets owners. But in the ranking of states, Washington surpasses California.

It’s worth noting: Digital speculation is relatively unpopular in the U.S. Midwest. Among high-income taxpayers, there is a 13-fold difference in the acceptance of Crypto Assets between Washington and West Virginia.

The revelations are the result of a decade-long government campaign to crack down on cryptoasset hoaxes. The IRS is convinced that Token owners have failed to report capital gains, so it requires exchanges like Coinbase and Kraken to disclose their customer information. The U.S. Department of Justice fined Binance $4 billion for Money Laundering violations. The federal government has repeatedly infiltrated seemingly anonymous Blockchain transaction trails to recover stolen Tokens or obtain evidence of other crimes, such as drug dealing.

What is the impact of U.S. OFAC long-arm jurisdiction on the Ethereum network?****

Coinbase, the largest Crypto Assets exchange in the United States, is openly processing Ethereum transactions involving Tornado Cash, a Blockchain infrastructure that was sanctioned by the U.S. government last year for providing Coin Mixing to North Korea. According to Tornado alerts, Coinbase has verified 686 Tornado-related transactions in the past two weeks.

**Revisiting the Application Layer: The Age of Reflexivity Will End

Today, Blockchain are highly reflexive. There is a wall between the crypto economy and the real world, and it is difficult for Crypto Assets to appeal to the real world other than speculation. Past Bull Market, such as the Decentralized Finance boom of 2020-2021, have been fueled by speculation. The explosion of new crypto-native Tokens and protocols has triggered a reflexive rally: speculation drives activity, which in turn drives more speculation.

On December 13, 2023, Ethereum founder Vitalik Buterin participated in the “Multi-proofs for rollups” Twitter Space event hosted by Taiko, and discussed topics such as rollup design and multi-proofs with OP Labs researcher proto.eth and Taiko co-creator and CTO Brecht Devos. Among them, Vitalik and other guests specifically mentioned Taiko’s new rollup design solution “Based Booster Rollup” (BBR) launched a few months ago, and had an depth discussion on the new solutions and visions it provides. Recommended Articles:

"A new solution for the Rollup scaling scheme, how does Taiko’s BBR reshape Ethereum and L2?****

BBR also has the potential to solve all of the fragmentation problems that current rollups face (and generate) without losing L1 ordering and all the benefits that come with it. By adding atomic cross-rollup transactions between all L2s in the boosted network, it can provide all the necessary functionality to scale Ethereum “in one place” as originally envisioned.