Quantstamp Community Update - March 2021

What’s Trending

NFT Index Funds: While NFTs continue to dominate the headlines, their non-fungible nature means they are quite illiquid, and NFT owners cannot earn an ROI without selling—until now. In our latest post, we explain how NFT index funds are unlocking liquidity, accessibility, and sustainable options for NFT owners. 💧 ✨

Public Companies Buying ETH: Software firm Meitu made waves as the first publicly-traded company to make a large purchase of ETH this month. The company stated that this $22M crypto purchase helps diversify its holdings away from cash and demonstrates the company’s willingness to embrace technological evolution. Expecting other companies to follow suit, CoinGecko has created an ongoing list of public companies adding ETH to their treasury. 🏦 Ξ

Visa Settling Transactions on Ethereum: An industry first took place on March 29, where Visa announced they will support transaction settlement in USDC over Ethereum. Initially, the company will work with Crypto.com as part of a pilot program. While this move may be a “small step” for their settlement platform, it is a major move towards integrating digital assets, and a huge milestone for the industry. 💸 💳

Notable Audits

🛡️ Flow: Flow is designed to optimize the user experience for entertainment, social, and gaming applications, and is best known for powering NBA Top Shots. We recently conducted several security engagements, involving both core smart contracts and those involved in transporting funds between Ethereum and BloctoSwap, a DEX running on Flow. Learn more about our work with the Flow ecosystem.

🏎️ Fuse: We recently audited Fuse, the latest product from Rari Capital, a non-custodial DeFi robo-advisor that earns yield autonomously. The idea behind Fuse is superfluid collateral: anything that has value can be borrowed against. With Fuse, users can create pools of assets that are their own distinct money markets. 

🏢 GYEN: As outlined in a recent post, Quantstamp has audited GYEN, the first regulated Japanese yen (JPY) stablecoin. The stablecoin is issued by GMO Trust, a subsidiary of financial and IT conglomerate GMO Internet Group, a market leader in Japan for internet infrastructure and many online businesses. 

🕹️ Illuvium: Coming in the third quarter of 2021, Illuvium is an open-world RPG adventure game built on Ethereum. Quantstamp recently secured the ERC20 and access control contracts, and is proud to be part of this industry milestone—Illuvium will be the first AAA gaming title built on blockchain.

🏆 MakerDAO: Quantstamp was pleased to audit Liquidations 2.0 (MIP 45), a proposed upgrade, and the Dai Peg Stability Module for the Maker ecosystem. Liquidations 2.0 enables flash loan liquidations and allows keepers to leverage all available liquidity with single block composability. MakerDAO has played a foundational role in DeFi and continues to demonstrate itself as a leader. Learn more about these audits and our work with Maker in our recent post.

Octaloop (Unblock 2021)

On March 9, Communications Manager Jaye Harrill presented What is a Digital Nation? - From Open Values Networks to Web 3. If you missed it, check out this video from ETHDenver where Jaye covers the evolution of DAOs, the rise of the “digital nation,” and some of the innovative projects Quantstamp has recently secured within the art, music, and gaming space.

How to sell art online in 2021: a beginner's guide to blockchain NFTs and rare digital goods

With NFTs exploding in popularity, some people are wondering how they can get started. We created this beginner-level tutorial to show you how to use a crypto wallet and sell your art online. Find the full post on our blog. 

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Media Mentions 

📰 CoinTelegraph: Crypto industry’s first AAA quality game, Illuvium, closes $5M fundraiser

📰 CoinTelegraph: Mimo DeFi protocol: The world’s first decentralized euro stablecoin

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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.