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Week Ahead Industry Previews: Second Week of March 2023

Foresight News

Here’s a rundown of the most noteworthy industry events and project developments to look out for in the coming week.

Arweave version 2.6 will be activated at block height 1,132,210, at approximately 10:00 PM on March 6th (Beijing time). Arweave 2.6 will make Arweave mining more energy-efficient, incentivize miners to store more data, and create a more efficient storage market. Arweave Mining utilizes SPoRA (Sparse Random Access) succinct proofs, where miners prove in the competition that they can access random historical data blocks to drive more efficient incentives at greater scale and lower cost. The version introduces a cryptographic speed limit on the number of hashes miners can compute per second, ensuring that the primary competitive advantage for miners is storing more Arweave datasets.

a16z crypto’s twelve-week accelerator program, Crypto Startup School (CSS), will take place from March 6th to May 26th in Los Angeles, California. In addition to education and guidance, participants will receive $500,000 in seed funding to build their companies. The accelerator aims to help developers start new Web3 projects, and since its launch in February 2020, CSS has helped apps like Phantom and Goldfinch raise over $300 million in funding.

Modular blockchain network Celestia is launching an incentive testnet plan called the Blockspace competition, which is divided into five stages and lasts nine weeks, with the first stage starting on March 7th. The competition will select 1,000 participants, including validators, bridging nodes, full storage nodes, and light nodes. In each stage, participants will receive assigned tasks related to their role, competing for points by completing them. Additionally, new features of the testnet include IBC transmission, more efficient synchronization, and an API to improve interaction with Celestia data availability nodes.

The “Web3.0 Demo Day,” co-hosted by Wanxiang Blockchain Lab and HashKey Group, and supported by Cyberport, will take place on April 14-15 as a sub-event of the Hong Kong Web3 Carnival at the Hong Kong Convention and Exhibition Centre. Web3.0 Demo Day will focus on the Web3 application ecosystem, recruiting 50 excellent teams worldwide for project demonstrations. Teams interested in participating can register before 23:59 on March 12th.

March 6th

Project Update:

  • Yuga Labs’ Bitcoin NFT series “TwelveFold” will begin auctioning at 7:00 am Beijing time on March 6th.
  • Iron Bank demands that Alpha Homora repay the loan before 7:00 am Beijing time on March 6th.
  • Security token platform tZERO will cease operations on March 6th. Users are advised to withdraw their funds in advance.
  • The blockchain network Horizen will perform stress tests on the Yuma testnet, which may cause network downtime.
  • The e-Money payment and trading project within the Cosmos ecosystem will support the redemption of its euro-backed stablecoin EEUR before March 6th, 2023.
  • Arweave version 2.6 has been released and will be activated at approximately 10:00 pm Beijing time on March 6th.

Important Event:

Upcoming Activities:

  • a16z crypto’s twelve-week accelerator CSS will be held in Los Angeles, California from March 6th to May 26th.
  • Astar Network and Sony Network Communications will collaborate on the Web3 incubation program. The deadline for registration is March 6th.
  • Doodles CN Giveaways will hold a Twitter Space event titled “Doobro X AEB” at 8:00 pm on March 6th, 2023.
  • Bitizen Web3 Wallet will hold a Twitter Space event titled “Talking about GameFi: Expectations of Capitalists vs. Persistence of Entrepreneurs” at 8:00 pm on March 6th, 2023.
  • TYPE V DAO will hold a Twitter Space event titled “GameFi Night: When will the $100 billion Crypto Game arrive?” at 9:00 pm on March 6th, 2023.

March 7th

Important Event:

  • The court confirmed March 7th as the date for the oral debate of Grayscale’s challenge to the SEC’s decision to reject GBTC’s conversion to a Bitcoin ETF.
  • CoinFLEX requested that Blockchain.com confirm the repayment of FLEX tokens by March 7th and complete the remittance by March 21st.

Project Update:

  • Optimism’s second retrospective public goods fundraising round will vote on nominated projects from February 21st to March 7th.
  • The FTX crypto derivatives platform will hold an auction on March 7th.
  • GANAZ will announce its financial results for the fourth quarter and full year of 2022 on March 7th.
  • Illuvium will launch Illuvium:Beyond on March 7th.
  • Celestia will launch an incentive testnet program, Blockspace Competition, beginning March 7th.

March 8th

Project Update

  • WEMIX, a blockchain gaming platform under the Korean gaming company Wemade, has ended its repurchase and destruction program on March 8th, 2023.

Important Events

  • The official committee of Celsius creditors proposed to sue Celsius co-founder Alex Mashinsky and other executives. The proposed hearing will be held on March 8th, 2023.

Proposal Voting

  • The deadline for voting on the proposal to upgrade Lido to version 2 is March 8th.

Token Unlocking

  • 175,000 TORN tokens (approximately $1.37 million), which account for 1.75% of the total supply, will be unlocked on March 8th at 11:29:50.
  • 78,400,000 CERE tokens (approximately $570,000), which account for 0.784% of the total supply, will be unlocked on March 8th at 20:00:00.
  • 122,350,000 PRIMAL tokens (approximately $1.14 million), which account for 2.447% of the total supply, will also be unlocked on March 8th at 20:00:00.

Upcoming Events

  • Avalanche will host a Twitter Space event titled “Dynamic NFTs with the OOPA Team” on March 8th at 06:00.
  • TYPE V DAO will host a Twitter Space event titled “VC Talk: Analysis Framework for Web3 Projects” on March 8th at 21:00.

March 9th

Important Events

  • The Digital Assets Subcommittee of the US House Financial Services Committee will hold its first hearing on March 9th.

Token Unlocking

  • 192,307.69 GAL tokens (approximately $320,000), which account for 0.096% of the total supply, will be unlocked on March 9th at 20:00:00.

Upcoming Events

  • The deadline for submissions for the Fantom Foundation’s Q1 2023 hackathon is March 9th at 06:00.
  • SushiSwap will launch the DeFi Kitchen virtual event and hackathon on March 9th.

NFT Minting

  • Web3 shooter game Lowlife Forms plans to release its first batch of playable character NFTs on Magic Eden on March 9th.

March 10th

Project Update:

  • Bybit has temporarily suspended USD deposits via bank transfer and is urging users to withdraw USD before March 10th.
  • The deadline for Mt. Gox creditor registration has been extended from January 10th to March 10th (Japan time).

Upcoming Events:

  • ETHGlobal will host the Scaling Ethereum hackathon from March 10th to March 29th.
  • The Fantom Foundation’s Q1 2023 hackathon judging period will be from March 10th 23:00 to March 20th 06:00 Beijing time.

March 11th

Token Unlocking:

  • Moonbeam’s GLMR token will be unlocked on March 11th at 08:00:00, with 9,682,879.74 tokens (approximately $4 million) released, accounting for 0.968% of the total supply.

NFT Minting:

  • Project Name: OS Crias by RIO-X, Total Issuance: 5,500, Minting Price: 0.055
  • Project Name: WinniesNFT, Total Issuance: 3,333, Minting Price: 0.01 ETH
  • Project Name: JOKERS PARTY, Total Issuance: 7,777, Minting Price: 0.07 ETH

March 12th

Upcoming Events:

  • The registration deadline for the Singapore stop of the HAPathon 2023 Web3 global startup contest, jointly hosted by PlatON, Alibaba Cloud, and HashKey, is March 12th.
  • The “Web3.0 Application Showcase” will be held on April 14-15 in Hong Kong. Teams interested in participating can register before March 12th, 23:59.

Token Unlocking:

  • Aptos’ APT token will be unlocked on March 12th at 08:00:00, with 4,543,477.94 tokens (approximately $50.7 million) released, accounting for 0.454% of the total supply.

NFT Minting:

  • Project Name: Nightwalkers, Total Issuance: 2,222, Minting Price: 0.05
  • Project Name: Fitness Fiends, Total Issuance: 6,666, Minting Price: 0.06

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