The Coinweb Monthly Spin - Eleventh Edition

Hello Coinwebbers! This month we have had our Alpha Wallet Tester programme in full swing, with lots of bug squashin’ and error hunting that has helped our core developer team make significant improvements on our way to the full release of our Coinweb Wallet. We are getting so close, and can’t wait to ship it for all of our users to try! Also during this month, Coinweb held a national e-sports tournament in Indonesia during Coinfest Week 2023, with 128 teams playing Mobile Legends: Bang Bang to compete for a juicy prize pool and bragging rights for at least a year. You can catch all the action in the events section below!

As for the world of web3, we were treated to yet another rollercoaster ride-of-a-lifetime as the colour of the industry never pales a shade of grey. Coinbase’s BASE Layer 2 rollup rose through the ranks to surpass the likes of Arbitrum and Optimism, as Friend.tech’s overhyped launch netted over $1.7 million (rivaling the Ethereum network itself) in fees earned during its first week of operations. Sam Altman’s WorldCoin launch came with record-breaking enrollment rates in countries around the world, seeking to create a universal basic income (UBI) platform that records Iris biometric data – and not without controversy, as regulatory authorities in countries such as France and Kenya have flagged concerns in data management and security.

Industry leading exchange Binance has faced a wide swath of challenges in jurisdictions around the world, ranging from regulatory enforcement actions to losses of major partnerships such as Mastercard. Headcounts have continued to dwindle throughout the sector as early-stage investing activities have reduced and raising capital has become extremely competitive. However, the SEC has scored a number of losses in court this month including the Greyscale and Ripple cases; and whilst Bitcoin and Ethereum were judicially declared to be commodities, US approval of the spot Bitcoin ETF has been delayed yet again. Meanwhile, institutions piled in to apply for spot Ethereum ETF approvals, and Europe and Hong Kong have taken the lead after approving their respective ETFs and commencing regulated trading in their markets. Lastly, government and international central banks have continued their push and trials for CBDCs despite the outspoken opposition to their use – like, we know you guys can do it already… whether you can force us to use them is separate question altogether.

The Monthly Spin is the newsletter dedicated to our progress as a fast-moving, exponentially-growing project that is committed to being high-touch with our community and providing value in as many ways as we can. So, every month you can find not only our progress, but also general value in the form of blockchain affairs, adoption, education, as well as a thought leadership section for your own personal exploration. You can no longer find The Daily Spin, but now The Weekly Spin, every Monday on our subreddit for curated news and opinions from the world of Blockchain, designed to keep you informed of the most trending, in-the-know, and controversial topics. We strive to keep you informed, connected, curious, inspired, and of course… clinically sane in these crazy yet exciting times that we share today.

Kawin Rungsimuntakul
Editor of The Monthly Spin

Coinweb Community Updates - August

Events:

Coinweb Launches 2nd Phase of the Alpha Wallet Tester Programme with DeconX and LinkMint

The Alpha Wallet Tester programme is in full swing and entered into the second phase, with multiple upgrades to the available version now at 1.0.20. Through our private Discord channel, our elite community members have helped to identify bugs, feature flaws, and contributed to many suggestions that have helped us to improve our wallet towards its full launch!

Coinweb Hosts National E-Sports Competition in Partnership with CREO Engine, Sekuya and Coinfest

The Mobile Legend (MLBB) National Competition saw 128 teams compete to achieve the total prize pool of $9,500! The semifinal and final matches were held on 23rd August 2023 in Bali. A very successful event with great exposure, and a highlight of Coinfest Blockchain Week Indonesia.

Watch the live recording of the gameplay here!

https://www.youtube.com/live/KSv0NEcGfzs?si=_9ZE9Dfpc3C0sdCK

Content Releases:

Videos showcasing the CWEB Wallet and our InChain Architecture technology were released on Twitter (X):

Coinweb General Statistics and Milestones:

Coinweb Protocol has 572K Unique Users

Coinweb has completed over 4.92M transactions

346M CWEB Tokens Staked

$442M Total Transaction Value Volume

5 Project Integrations over 8 Underlying Blockchains

Coinweb Technology Updates - August

Dev-team General Stats:

• Merge requests: 147 created, 113 merged

• Issues: 203 created, 120 closed

Front-end:

• Wallet app is now fully handled by the core team

• Coinweb servers are now fully handled by the core team

• Fixed many bugs in the wallet app reported by Alpha Testers

• Fixed several bugs in Coinweb server reported by Alpha Testers

Back-end:

# Core

• Fixed bugs reported by Alpha Testers

• Created infrastructure for new JS smart contracts model

# Infrastructure

• Invalid price calculations fixed

• Mezmo logging added

On The Radar

Korea Blockchain Week, Sep 4-9 (Seoul)
Nordic Blockchain Conference 2023, Sep 6-7 (Copenhagen)
Near APAC, Sep 8-12 (Ho Chi Minh City)
Ethereum Singapore, Sep 10-12 (Singapore)
DappCON23, Sep 11-13 (Berlin)

TOKEN2049, Sep 13-14 (Singapore)*

Metaverse Summit, Sep 21-22 (Paris)
ETHGlobal New York Hackathon, Sep 22-24 (New York City)
Stellar Meridian 2023, Sep 26-28 (Madrid)
Fintech Festival Asia, Sep 27-28 (Bangkok)*

Blockchain Economy Summit, Oct 4-5 (Dubai)
Zebu Live, Oct 4-5 (London)
ETHGlobal Online Hackathon, Oct 6-25 (Virtual)
WOW Summit 2023, Oct 8-9 (Dubai)
ETH Miami 2023, Oct 27-29 (Miami)
ETH Vietnam, Oct 27-29 (Hanoi)
Solana BreakPoint 2023, Oct 30-Nov 3 (Amsterdam)

Sora Summit, Dec 16 (Taipei)

_{* Anticipated events that Coinweb team will attend}

Crypto-Industry Headlines

Adoption | Regulation

Education

Thought Leadership

This newsletter distributed by Coinweb does not represent its views or endorsements of any products or services found herein. This content is intended for educational and entertainment purposes, and does not constitute financial advice of any kind or nature. When making investments please do your own research and invest responsibly, as doing so may result in the partial or complete loss of funds invested. Beware of scams and fraudulent actions, and always check your sources when making financial decisions or transactions. Coinweb is not a security, and will never ask you for your private information such as your password or seed phrases in all cases. For more information, please refer to our website at http://www.coinweb.io or feel free to contact us through any of our social media channels found in the QR code presented here:

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