This Week Noteworthy Events(April 8, 2024 - April 14, 2024)

Anticipated Network Delays or Outages on April 8th Due to dYdX Chain v4.0 Software Upgrade

The dYdX Ops SubDAO announced that due to the deployment of the dYdX Chain v4.0 software upgrade, network delays and potential outages are expected between 16:00 - 17:00 on April 8th (time subject to change).

Additionally, they reminded that dYdX Chain validators using tmkms or Horcrux need to update to the latest versions of these tools before the upgrade block height.

Previously, the dYdX community voted in favor of a proposal to upgrade the dYdX Chain protocol software to version v4.0. It is reported that this version upgrade will affect the protocol and network in various ways, including: adding the x/authz module, IBC withdrawal restrictions, conditional order improvements, and upgrading to Cosmos SDK v0.5.

Mina to Conduct Devnet Upgrade on April 9th

The lightweight blockchain protocol, Mina, announced on the X platform that it plans to conduct a Devnet upgrade on April 9th. They state that this upgrade serves as the final milestone before the significant Berkeley upgrade and will introduce easier ZK programmability and other key features to the mainnet. The complete schedule is as follows:

• April 2nd: The release of the archive node migration tool, allowing archive node operators to initiate the initial archive node migration.

• April 3rd: The release of a Build with detailed instructions, marking the beginning of the node upgrade.

• April 9th: Devnet upgrade, operators should prepare to transition their nodes to the Berkeley version.

Masa Network: Mainnet Launch and MASA Token Release on April 11th

Decentralized AI data network, Masa Network, announced that it will launch its mainnet and officially introduce its native token, MASA, on April 11th at 20:00. The token will be launched simultaneously on Ethereum, BNB Chain, and Masa Network (its dedicated Avalanche subnet).

In previous news, Masa Network revealed the completion of a $5.4 million seed funding round. The round was led by venture capital firm Anagram, co-founded by LilyLiu from the Solana Foundation and Joe Eagan, formerly of Polychain. Other participants in the funding round include Avalanche Blizzard Fund, Digital Money Group, and Golden Tree.

PlayDapp to Launch Mainnet on April 11th with Decentralized Governance and NFT Interoperability Services

The PlayDapp team announced plans to launch their mainnet via the Avalanche subnet on April 11th to expand their Web3 business. PlayDapp will no longer support existing public chains and will instead operate an independent chain with self-verifying nodes as their mainnet. This mainnet launch marks the official start of their decentralized governance system and NFT interoperability services. Users will be able to participate in staking, voting, and NFT trading on the mainnet, making it a decentralized and community-driven platform.

The PDA token, issued as an ERC-20 token on the Ethereum chain, will be bridged and exchanged for the PlayDapp mainnet token (PDA) as the native token. This will facilitate various services and serve as the transaction fee processing on the mainnet. Users will no longer need to pay Ethereum or Polygon gas fees for PlayDapp services. Instead, PDA will function as the native token in PlayDapp tournaments, markets, and Play-to-Earn (P2E) gaming services.

The PlayDapp mainnet will integrate a DAO voting system. PDA token holders will have the opportunity to directly participate in key decisions regarding mainnet service operations and project development. Additionally, PlayDapp plans to launch a DAO game as part of activating the DAO.

Arbitrum Council Member Elections to Commence on April 12th

The official Arbitrum account announced that the nomination selection phase for the Arbitrum Council elections ended on March 29th. A total of 22 candidates received sufficient staked votes (at least 0.2% of all votable tokens). Once they pass the compliance check, these individuals will be nominated as nominees for the member election phase. The Arbitrum Council elections will commence on April 12th.

Solana Repair Team Anza: Expected to Roll Out Fixes Starting This Week

Last week, in response to a significant increase in network transaction failure rates, Solana co-founder Anatoly Yakovenko stated that a patch would be released soon and he was actively urging core developer trent.sol to address the issue.

Anza, the development team responsible for handling network congestion on Solana (formerly part of Solana Labs but later spun off and now operated by core developer trent.sol), has announced the latest progress on fixing the congestion issue in the Agave client.

Anza indicated that significant progress has been made on the fixes, and they expect to start releasing patches this week. The team has collaborated with other core contributors to analyze the root causes of the congestion and evaluated several potential solutions.

Additionally, the Anza team will release a test patch to address the current network congestion issue. If this patch operates smoothly, a broader rollout will be conducted.

gm.ai Reveals Tokenomics Overview; Mainnet Expected to Launch This Month

The founder of Whales Market launched an AI project called gm.ai and posted on social media detailing the tokenomics plan of the foundation. The current plan for the GM token is as follows: a total supply of 1 billion tokens; 55% allocated to the community (with an unlocking period of over 8 years); 20% allocated to presale (unlocked at TGE); 10% allocated to the foundation (with an unlocking period of over 6 years); and 15% reserved for adding liquidity and airdrops. A detailed tokenomics model will be released next week.

Additionally, the beta version of gm.ai is expected to be open as early as next week, and the mainnet is set to launch in the third week of April. After the launch, GM will be introduced immediately with decentralization, and ecosystem applications are planned to be rolled out throughout the remainder of the year.

Tensor: To Announce TNSR Tokenomics and Governance Documents This Week

The Solana ecosystem NFT marketplace, Tensor Foundation, announced that Season 3 has concluded. Participants will receive treasure chests based on their usage of the Tensor protocol. All treasure chests (including those from Seasons 1, 2, and 3) will be viewable and accessible on April 8th, with an official announcement to be made on the same day. These chests contain Tensor governance tokens, TNSR. Tokenomics and governance documents will be provided during the claiming period this week. Meanwhile, Season 4 has commenced, and similar activities like bidding, listing, liquidity provision, and price locking on Tensor will be rewarded.