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ZkSync rejects accusations of minting NFTs

TokenTalk Staff

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Matter Laboratories News: Zk Synchronizationthe scaling platform for Ethereum, recently rejected accusations of “internal minting” of NFTs.

In response to the rumors circulating, Matter Labs, the company behind ZkSync, clarified that its employees were not eligible to participate in the ZK airdrop and denied any distribution of NFTs to friends or insiders.

Furthermore, they confirmed that some minters participated in the minting events, but without any favoritism or insider involvement. Let’s see all the details below.

Matter Labs Clarifies Position on NFT Minting Events: ZkSync Position

As expected, on June 26th, Matter LaboratoriesEthereum layer 2 network developer zkSync has denied allegations of “internal mining” of NFTs.

The company stated that all non-fungible token (NFT) miners Libertas Omnibus were eligible according to official criteria.

Matter Labs’ statement comes in response to a June 17 post by blockchain researcher soEasy. He accused the team of distributing the NFT Libertas Omnibus for ineligible persons, including friends of the team.

SoEasy also claimed that these “internal minting houses” allowed some to mint ZK tokens without meeting the airdrop criteria.

In a statement, a Matter Labs representative reiterated that there were no invalid mintings. He explained that there were multiple ways to mint the Libertas Omnibus NFT.

Some of these users were eligible because they interacted with the first 100 zkSync NFTs, while others participated in events where they scanned a unique QR code to mint the NFT.

Matter Labs denied that owning a Libertas Omnibus NFT could make a user eligible for the ZK airdrop.

In particular, noting that the allocations were based on election criteria, funds held in zkSync Era and bonus multipliers. Additionally, development team employees were not eligible for the airdrop.

Libertas Omnibus Open Mint

Matter Labs launched the Libertas Omnibus NFT mint as a “test” in July 2023, announcing a future mint open to those who interacted with at least one of the first More than 100 collections of zkSync NFT. The open mint was completed in January 2024.

On June 17th, zkSync launched an airdrop for its ZK Tokenbased on eligibility points, time-weighted average balance and multipliers.

SoEasy stated that it discovered corruption in the airdrop, accusing multiple wallet addresses of minting the Libertas Omnibus NFT without meeting the stated criteria.

The zkSync team denied these allegations, claiming that all addresses acquired their Libertas Omnibus tokens. legitimately.

Despite soEasy’s accusations, Matter Labs reiterated that the minting of Libertas Omnibus NFTs occurred regularly and that owning the NFTs did not guarantee eligibility for the ZK airdrop.

Blockchain transactions examined show that administrators used centralized functions to mint NFTs, but the data does not confirm whether this was done for legitimate purposes or to favor insiders.

Matter Labs remains firm in its stance, defending the legitimacy of its operations.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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NFTs

NFT Market Flourishes With 11.62% Surge This Week; Largest Ordinary Registration Hits Record 8 BTC – Bitcoin Markets and Prices News

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NFT market flourishes with an increase of 11.62% this week;  Largest Ordinal Enrollment Gets Record 8 BTC – Markets and Prices Bitcoin News

https://news.google.com/./articles/CBMifWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9uZnQtbWFya2V0LWZsb3VyaXNoZXMtd2l0aC1hbi0xMS02Mi1yaXNlLXRoaXMtd2Vlay1sYXJnZXN0LW9yZGluYWwtaW5zY3JpcHRpb24tZmV0Y2hlcy1yZWNvcmQtOC1idGMv0gEA?hl=pt-BR&gl=BR&ceid=BR%3Aen

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Bitcoin.com Announces Launch of Verse Voyager NFTs with Exclusive Airdrop — Public Sale Begins April 24 – Press Release Bitcoin News

TokenTalk Staff

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Bitcoin.com Announces Launch of Verse Voyager NFTs with Exclusive Airdrop – Public Sale Starting April 24 – Bitcoin News Press Release

https://news.google.com/./articles/CBMigQFodHRwczovL25ld3MuYml0Y29pbi5jb20vYml0Y29pbi1jb20tYW5ub3VuY2VzLWxhdW5jaC1vZi12ZXJzZS12b3lhZ2VyLW5mdHMtd2l0aC1leGNsdXNpdmUtYWlyZHJvcC1wdWJsaWMtc2FsZS10by1zdGFydC1hcHJpbC0yNC_SAQA?hl=pt-BR&gl=BR&ceid=BR%3Aen

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Exploring NFT Royalties: New Mechanisms and Challenges

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Exploring NFT Royalties: New Mechanisms and Challenges



Timothy MoranoJune 27, 2024 11:30 AM

Learn about the innovative mechanisms and challenges of NFT royalties, including staking and claim rights, as proposed by a16z crypto.




According to a16z cryptoThe evolution of NFT royalties is a critical area of ​​focus as the NFT ecosystem continues to expand. The article delves into the pros and cons of existing royalty designs and presents two innovative approaches that leverage incentive mechanisms to encourage royalty payments.

Current Challenges in NFT Royalties

Creators are grappling with the complexities of enforcing royalties in the NFT space, often relying on blocklists and whitelists. These methods can stifle innovation and composability, leading to the need for more flexible and effective solutions.

Introducing staking mechanisms

One proposed mechanism involves integrating staking with the whitelisting model. Traditionally, creators manually add marketplaces or apps to their whitelists, which can be time-consuming and delay adoption. By introducing a staking model, new apps can add themselves to the whitelist by staking money or resources as a commitment to enforce royalties. If an app misbehaves, the creator can cut the stake and remove it from the whitelist.

This mechanism aims to simplify the process, making it more open and encouraging permissionless innovation on top of NFTs. However, it raises questions about slashing arbitrage, stake size, and how to aggregate stakes across multiple NFTs.

The Mechanism of the Right to Complaint

The second approach, known as “claiming rights,” introduces a new ownership model where each NFT has an asset owner and a title owner. If these two owners are different, the title owner can claim the NFT at any time. To avoid this risk, the asset owner can pay a title transfer fee to the creator, becoming the new title owner.

This mechanism incentivizes royalty payments without restricting composability. It also differentiates between sales and non-sales transfers, ensuring that royalties are paid during actual sales transactions.

Impact on markets

Marketplaces may need to adapt to these new models to ensure a positive user experience. For example, they could bundle the payment of the title transfer fee with the sale transaction, transferring ownership of the title to the buyer and ensuring that royalty payments are made.

Both mechanisms aim to balance the need for royalty enforcement with the desire for open, permissionless innovation in the NFT space. They offer new ways to ensure creators receive fair compensation without compromising the flexibility and composability that make NFTs so appealing.

Future considerations

Claims rights and staking mechanisms are not without challenges. For example, involving NFTs to circumvent royalties remains an issue. However, these models provide a framework to address such challenges and expand the design space for NFT royalties.

As the NFT ecosystem continues to grow, the industry must work collectively to develop and refine these royalty mechanisms. The goal is to preserve composability, maintain digital property rights, and ensure creators are fairly compensated for their work.

In conclusion, a16z crypto’s exploration of new NFT royalty mechanisms highlights ongoing efforts to innovate and address challenges faced by creators. As more use cases for NFTs emerge, these mechanisms could play a crucial role in shaping the future of digital ownership and compensation.

Image source: Shutterstock

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Gala Games Introduces NFT Tradability, Empowering Gamers Through Web3

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Gala Games Introduces Tradability of NFTs, Empowering Players Through Web3



Rebecca MoenJune 28, 2024 1:59 PM

Gala Games leverages Web3 to empower players with tradable NFTs, increasing player freedom and control through platforms like OpenSea.




Gala Games is revolutionizing the gaming industry by leveraging Web3 technology to empower players with true ownership of their in-game items. This innovative approach enables the tradability of in-game assets on secondary marketplaces like OpenSea, increasing player freedom and control.

Limited-time primary sales and secondary market dynamics

Gala Games’ primary item sales are often limited in supply and time, creating a sense of urgency and exclusivity. However, these items don’t disappear once the primary sales are complete. Thanks to secondary markets, players can continue to buy and sell these coveted assets. Platforms like OpenSea make this easier by allowing players to list and purchase Gala Games NFTs, providing access to items that are no longer available through primary sales.

GalaChain Bridge to Ethereum

Gala Games’ NFTs are initially minted on GalaChain for use in their game titles. These NFTs are designed for seamless interoperability and can be easily bridged to Ethereum, making them tradable on OpenSea and transferable via Ethereum wallets. This flexibility ensures that players can maximize the utility and value of their assets across different platforms and applications.

When players are ready to use a secondary market item in a game, they can bridge the Ethereum item to GalaChain via their Gala account using their connected Ethereum wallet. More details on how to connect an Ethereum wallet can be found here here.

A new era of player freedom and control

The traditional gaming model often locks players into a single title, especially when significant time and money has been invested in acquiring in-game assets. With Web3 ownership, this is no longer the case. Players now have the freedom to explore new games without losing their accumulated assets, even if they decide to leave a game behind entirely. This paradigm shift promotes player freedom and control, breaking the cycle of being entrenched in a single game and encouraging exploration within the gaming ecosystem.

Unlock Web3 Ownership

Gala Games is committed to transforming the gaming industry through the power of Web3. The tradability of in-game items is a cornerstone of this transformation, providing players with unprecedented freedom and control over their digital assets. By leveraging platforms like OpenSea and the interoperability of GalaChain and Ethereum, Gala Games is creating a vibrant and dynamic marketplace that empowers players like never before.

For more details, visit the official source.

Image source: Shutterstock

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