CryptoPunk Holders Offered Physical NFT Versions

Hi NoRamp Community,

Daily News:

LayerZero Introduces Omni-Chain Token

New House Speaker Sparks Hope for Advancing Digital Asset Legislation

CryptoPunk Holders Offered Physical NFT Versions

LayerZero Introduces Omni-Chain Token:

• LayerZero has introduced interoperability for the wstETH token from Lido Finance, enabling its movement across Ethereum, Avalanche, BNB Chain, and Scroll networks. This integration enhances cross-chain interactions and potential DeFi engagements beyond Ethereum.

• The wstETH token has been incorporated into LayerZero’s Omnichain Fungible Token (OFT) standard, designed to reduce risks associated with wrapped assets during cross-chain native token transfers. OFT facilitates token movement through a decentralized communication protocol, avoiding the need to mint and burn wrapped tokens.

• LayerZero's integration aims to expand DeFi opportunities across various blockchains, with notable support from key figures like Luigi D’Onorio DeMeo of Ava Labs, emphasizing the growth potential in Avalanche's LSD ecosystem. Lido, the protocol behind wstETH, continues to lead in Total Value Locked (TVL) among liquid staking protocols, boasting $15.85 billion locked in as of Oct. 25.

House Speaker Sparks Hope for Advancing Digital Asset Legislation:

• U.S. Representative Mike Johnson has been elected as the 56th Speaker of the US House of Representatives, succeeding Kevin McCarthy, following a period of instability and leadership changes. Johnson secured the position with 220 votes, demonstrating significant support from both mainstream and ultra-conservative Republican factions.

• Johnson's election marks the end of a tumultuous period for the House GOP, which included the removal of the former Speaker, multiple nominee changes, and escalated internal tensions. His victory also signifies a potential shift in the House's stance on cryptocurrencies, as his views on the matter remain largely undisclosed.

• The election results allow key figures such as Patrick McHenry to refocus on cryptocurrency-related legislation within the financial services sector. However, immediate priorities like federal funding may delay substantial legislative progress on crypto-related regulatory discussions. Representative Tom Emmer, a known crypto advocate, will continue to serve in a prominent leadership position.

CryptoPunk Holders Offered Physical NFT Versions:

• CryptoPunk NFT holders have a limited-time opportunity, until October 28, 11:00 a.m. EST, to acquire physical prints of their digital art through a collaboration between Avante Art and Yuga Labs. The offer includes two distinct collections: "Punk-On-Chain," exclusive to digital punk owners, and "10,000 On-Chain," available to all.

• To purchase a "Punk-On-Chain" print, CryptoPunk owners must verify their digital ownership, ensuring exclusivity. This collection features UV pigment prints with distinct characteristics and includes a QR code linked to a digital Certificate of Authenticity (CoA).

• The "10,000 On-Chain" collection, open for purchase by anyone, consists of Archival pigment prints with a silkscreen varnish seal. While these prints come with a physical CoA containing a QR code for the digital CoA, the QR code is not directly on the print, differentiating it from the "Punk-On-Chain" collection. Both versions include a Yuga Labs holographic sticker for authenticity verification.

NoRamp:

NoRamp is building Web2’s favorite Web3 apps on our lightning-fast payment infra. Join our discord, dive into our our docs, or check out our website to learn more.

Proof of Work Podcast:

NoRamp chats with c-suite executives across different industries. Check it out here.

If you’ve read this far and haven’t yet subscribed, you probably should here.