😮 Aptos Ruffles Feathers As It Enters Crowded Layer 1 Race

Hello Defiers! Here’s what we’re covering today:

News

• Aptos Ruffles Feathers As It Enters Crowded Layer 1 Race
• Fidelity’s Embrace of Ethereum Augurs More Institutional Adoption
• Paradigm Argues Feds’ Move on DAOs ‘Makes No Sense’
• Polygon Builds Web3 Mojo With LatAm Fintech Deal

Devcon Journal

• Outside Devcon Colombians Search For Pragmatic Ways to Use Crypto

Podcast

Video

• Quick Take: Vitalik Accidentally Created “THE” Protocol

Elsewhere

• Sam Bankman-Fried Pitches ‘Sanctions, Allowlists and Blacklists’ in Crypto: Decrypt
• Neobank N26 launches cryptocurrency trading with more than 100 tokens: The Block
• Introducing Solana Core — the first buildspace program designed to turn ANYONE into a Solana legend: Solana

Trending in The Defiant

• Shortage of Goerli Testnet Ether Puts the Squeeze on Devs
• Anthony Hopkins’ Metaverse Debut Sells Out in Seven Minutes
• Lido Co-Founder’s Comments Spark Debate Over Decentralization of Ethereum

The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

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Layer 1s

😮 Aptos Ruffles Feathers As It Enters Crowded Layer 1 Race

Announces $140M Airdrop For Testnet Participants

By:Owen Fernau

HYPED Aptos, a much-hyped Layer 1 blockchain, went live yesterday to a chorus of doubt. Despite a 47% drop on the first day of trading, Aptos’ APT token already stands at a $971M market cap, according to CoinGecko.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Devcon Journal

🔎 Outside Devcon Colombians Search For Pragmatic Ways to Use Crypto

Colombians’ Experience Shows the Promise and Challenge of Ethereum’s Adoption

By Aleksandar Gilbert

STUDENTS One evening last week, three students from the Universidad Sergio Arboleda arrived at a cultural center in Bogota’s chic Chapinero district to learn about cryptocurrencies. 

SWAP TOKENS They were there to attend an event called “Integracíon,” and it promised to teach them the basics: how to create a wallet, bridge and swap tokens, claim NFTs, and register ENS usernames. 

FRIENDS John Diego, 20, and Luis Carlos Cabrera, 18, were pursuing degrees in finance; John David, 18, in computer science. Asked how many of their friends and family were familiar with cryptocurrencies, Cabrera pointed to himself, then to his two friends. “One, two and three,” he said with a laugh.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

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Mainstream Adoption

🏦 Fidelity’s Embrace of Ethereum Augurs More Institutional Adoption

Investment Giant Sees Post-Merge Ethereum Through ‘New Lens’

By Samuel Haig

TRADING Fidelity Investments, the TradFi asset management goliath, plans to launch Ethereum trading and custody services for institutional clients beginning Oct. 28, according to a memo Fidelity sent to its customers.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Crypto Regulation

🏛 Paradigm Argues Feds’ Move on DAOs ‘Makes No Sense’

Venture Capital Firm Files Brief in CFTC Case Against Ooki DAO

By Tarang Khaitan

TOOLS U.S. regulators cannot sue DAOs because they are “technological tools” and not traditional companies. That was the main message in a filing Paradigm, the web3 venture capital firm, filed on behalf of Ooki DAO, a project that was the subject of an enforcement action by the Commodity Futures Trading Commission (CFTC) last month. 

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Deals

🤝 Polygon Builds Web3 Mojo With LatAm Fintech Deal

Brazil’s Nubank Plans to Launch a Chain and Token on Layer 2

By Samuel Haig

NEW CHAIN In a move that accelerates Polygon’s momentum, the Layer 2 network announced that Nubank, Latin America’s leading fintech, plans to launch its own chain and token with Polygon’s technology.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Defiant Video

📺 Quick Take: Vitalik Accidentally Created “THE” Protocol

Shoutout

Anthony Hopkins The Eternal NFT Collection

Orange Comet is proud to announce its distinguished partnership with Sir Anthony Hopkins and the launch of his first NFT series, The Eternal Collection

The NFT series will feature an exclusive once-in-a-lifetime IRL event for collectors, giving them access to engage with one of Hollywood’s greatest icons.

Defiant Podcast Video

📺 🎙 Friends with Benefits – the community that uses crypto, not a crypto community

Elsewhere

🔗 Sam Bankman-Fried Pitches ‘Sanctions, Allowlists and Blacklists’ in Crypto: Decrypt

FTX boss Sam-Bankman Fried thoroughly broke down his ideal regulatory framework for the crypto industry on Wednesday.

🔗 Neobank N26 launches cryptocurrency trading with more than 100 tokens: The Block

N26, the German neobank valued at $9 billion, has launched cryptocurrency trading tools via a partnership with investment platform Bitpanda. 

Introducing Solana Core (🦀,🏄) — the first buildspace program designed to turn ANYONE into a Solana legend.

Here's how you'll go from chewing glass to surfing on it (all for free) 👇🧵 pic.twitter.com/lyK8Ad1Qco

— buildspace (@_buildspace) October 19, 2022

Trending in The Defiant

• Shortage of Goerli Testnet Ether Puts the Squeeze on Devs Developers are hoarding Goerli testnet Ether, resulting in a widespread shortage of the coin, according to data from websites that distribute tokens. 
• Anthony Hopkins’ Metaverse Debut Sells Out in Seven Minutes Oscar-winning actor Anthony Hopkins made his first foray into NFTs on Thursday, and collectors snapped up the 1,000 NFTs on sale within a matter of minutes.
• Lido Co-Founder’s Comments Spark Debate Over Decentralization of Ethereum Liquid staking giant Lido has come under fire after co-founder and chief technology officer Vasiliy Shapovalov said the hardware used to secure Ethereum should be professionally managed, infuriating an army of enthusiasts who operate such hardware at home, as well as several prominent Ethereum influencers.

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Alp Gasimov. Podcast was led by Camila, edited by Alp.

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