Crypto passes 1 trillion global market cap, auditing RAI and Zora, global collaborations...here’s what happened at Quantstamp in January.
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Highlights
- Quantstamp continues to expand our reach—out of the DeFiPulse Top 10, we’ve audited around $11-12B out of $20B in value.
- Since the ETH 2.0 Beacon Chain launched on Dec 1st, the number of validators have continued to rise. There is now over 2.2 million ether staked in the Beacon Chain.
- On January 6, the total cryptocurrency market value hit a record $1 trillion USD.
Notable Audits
RAI by Reflexer Labs
RAI is a non-pegged, ETH backed stable asset built by Reflexer Labs. RAI is designed to be protected from drastic market shock with minimized governance, providing a new way to earn APY while reducing volatility for DeFi users.
Zora
Zora is a marketplace to buy, sell, and trade limited-edition goods. Backed by VTF Capital and Variant Fund, Zora is building tools for creators to issue tokens around their creative practices and transferring power from corporations and platforms back to artists. By tokenizing these goods, prices can be dynamic and fractionally traded.
Cryptex Finance
Cryptex is making waves by giving TCAP token holders real-time price exposure to the entire $1 trillion crypto market. TCAP is a decentralized stablecoin representative of the entire cryptocurrency complex by total market capitalization.
Collaborations
MOBI
For any revolutionary technology to be adopted, standards and specifications are critical in building the infrastructure needed to create products and services that can work together. Through the Mobility Open Blockchain Initiative (MOBI), Quantstamp is collaborating with major names like Ford, Honda, and USAA to develop standards for smart mobility blockchain adoption. Learn more about MOBI and the work being done to facilitate the development of the transportation infrastructure of tomorrow.
World Economic Forum
Quantstamp is contributing to a World Economic Forum working group that aims to help policymakers and central banks understand the critical issues involved with developing a central bank digital currency. This is not the first time that Quantstamp has worked with the World Economic Forum—Quantstamp also collaborated with the WEF in their effort to study blockchain’s ability to reduce corruption in government procurement in Colombia. Read more about Quantstamp’s work with the WEF in our recent blog post.
TRU Group
TRU creates digital products taking advantage of all the benefits of blockchain technology. Quantstamp and TRU recently signed an alliance to bring the benefits that blockchain technology offers to Latin America and the world. This agreement is designed to try to expand Quantstamp services throughout Latin America and TRU services globally, creating bridges for the construction of a more decentralized internet with security as a fundamental goal.
Events
Hello Security Audit
Dr. Sebastian Banescu, Senior Research Engineer at Quantstamp recently presented at Hello Security Audit by Hello Decentralization.
Sebastian presented on Defense in Depth for Blockchain Projects: Adding Multiple Security Layers to Your Dapp 🏗️ 🛡 and you can watch the full presentation on our YouTube channel.
Metapalooza
On Saturday, January 23rd, we participated in MetaPalooza, a virtual festival celebrating metaverse art, music, culture, and—most notably—the launch of B.20, a tokenized NFT bundle by famed crypto artist Beeple. Quantstamp was honored to work with one of the most valuable art projects in the space. We are proud to be a part of the NFT revolution and look forward to future ecosystem milestones as the space continues to grow.
Read more about Metapurse, Beeple, or 3LAU, or learn about some of the other NFT projects we’ve helped secure.
Media
Crypto Unstacked
On the latest episode of Crypto Unstacked, Quantstamp CEO Richard Ma discusses early trends from various DeFi, Layer 1 and NFT audits, economic attacks of 2020, insurance, and more. Listen to the full episode on Spotify.
The DeFi Download
In the latest episode of The DeFi Download by Radix DLT, Piers Ridyard interviews Krishna Sriram, Managing Director at Quantstamp. Listen to the full episode where they discuss the evolution of smart contract complexity, tips for DeFi projects, risk mitigation, insurance, and more.
Media Mentions
CoinTelegraph en Español: Quantstamp y TRU realizan alianza poniendo el foco en Latinoamérica
Keep up with Quantstamp
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Note: This update includes information and forward-looking statements about upcoming events and concepts under continuing development. Schedules, features, and functionality are subject to change or cancellation at any time and you are not to place undue reliance on this information or any forward-looking statements.
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