Hello world!
Welcome to the third edition of The Weekly Scroll, a newsletter from the ScribeDAO community.
Here we "roll up" summaries from the previous week and share updates from our community of scribes.
Community Updates
🗳 Attention ScribeDAO members: be sure to participate in our latest community survey. Following up on the previous Vision and Strategy session where we defined the main Roles and Personas involved in ScribeDAO, we are now soliciting your input into what types of things those Roles and Personas could do in ScribeDAO. Visit the survey website for more information.
🤝 ScribeDAO and Polkaswap are teaming up to bring bite-sized education to the Polkaswap community!
🏕 Congratulations to our newest Knowledge Seeker, @AnnRavinther! Knowledge Seekers assist ScribeDAO by surfacing the most important content in the crypto ecosystem and adding it to our backlog. Active community members can achieve this role by summarizing three articles from our backlog.
👋 ScribeDAO is just getting started and there is much scribing to be done! Join the ScribeDAO Discord to become a Scribe today!
Latest Summaries
General
"Miners are the Optimal Buyers: The Data Behind Bitcoin-Led Decarbonization in Texas" - summarized by Joe Pettibone
U.S. Senator Ted Cruz wants to use bitcoin mining to strengthen the Texas power grid. At what cost to the environment? Zero. Might be carbon negative.
Thread on Accounts in SORA - by decentbass.eth
Accounts are one of the most important entities in the SORA network, as they allow you to make transactions. It's free, has no KYC, has no min balance limitation & you can have as many accounts as you want
Thread on Sora Tokenomics - by tinotenda.eth
The SORA network has two tokens. XOR used for transaction fees and VAL used to reward validators on the network.
"Why we need wide adoption of social recovery wallets" - summarized by Shrimpy
Wallet security has been a great challenge for the crypto community, with new solutions constantly being developed.
"A Beginner's Guide to Ethereum Scaling Solutions" summarized by Shrimpy
Ethereum L2 solutions promise scalability for the oft-congested blockchain, but how do they work?
Podcasts
"Ep 1: Introducing Probably Nothing" - podcast summarized by Ideas in a Jiffy
Are #NFTs just a fad? How did Twitter become a zoo w apes & cats? Would you be bullish on a 5 month old start-up that has 690m in GMV, 100m rev and clocked 80m rev a day? What is Web3? “Probably Nothing” is a new podcast hosted by Alexis Ohanian and Tiffany Zhong.
"Roya Mahboob: Bitcoin and Freedom in Afghanistan" - podcast summarized by AhmedEYusuf
The incredible story of an entrepreneur defeating the odds and creating lasting impact by improving female tech literacy across Central and South Asia.
"blocmates podcast 001 with Squirrel Crypto" - podcast summarized by Shrimpy
blocmates sat down with @squirrelcrypto from Popsicle Finance and Abracadabra.money for a podcast about $SPELL $MIM $ICE and $TIME!
DAOs & Communities
"Meet the New Owners of the Wu-Tang Clan’s One-of-a-Kind Album" summarized by 0xshub.eth
The government sold “Once Upon a Time in Shaolin” to satisfy a judgment against its first owner, Martin Shkreli. It ended up with a collective called PleasrDAO that paid an intermediary $4 million.
“The Next Big Unlock for DAOs” summarized by gummy_0x
DAOs space is still new and capital flows need to be decentralised for communities to benefit
"Deep Dive: State of DAO Tooling on Solana" - summarized by fishbiscuit
Solana's got most of the tools needed! Bounty administration, reward distribution, decision making and fund management.
"What I Wish I Knew Before Talking to Lawyers about DAOs" - summarized by fishbiscuit
You need an entity. Choose wisely! Most set up a Foundation + Development Agency. This is not legal or tax advice!
DeFi
"Introducing Polkaswap" - summarized by AhmedEYusuf
Polkaswap is resolving the issues with Ethereum-based DEXs by offering faster and cheaper transactions, and bridges to other networks.
“Dive Into Polkaswap’s Rewards” - summarized by Yoshi
Polkaswap is an innovative multi-chain DEX built on the #SORA Network with improved tokenomics. By interacting with the DEX you can earn PSWAP Rewards in 3 ways!
Thread on 01 Protocol - by goolag.eth
01 is bringing a unique financial primitives to the Solana ecosystem: Everlasting Options. 01 is tackling unmet demand in DeFi in the form of more sophisticated options, and if they can execute/adapt they could be an ecosystem mainstay
"The Future of Bank Accounts" summarized by Kelvin Man
Blockchain is creating horizontals of financial services that eliminate geographical advantages.
"Crypto Exchanges are Evolving, Are You?" - summarized by mustard seed
The most common way to engage crypto is through a centralized exchange (CEX), but decentralized exchanges (DEX's) are growing in popularity. Some things to consider when choosing a DEX.
Metaverse
"Re-Organizing the World’s Information: Why we need more Boutique Search Engines" - summarized by mataverse.eth
The internet needs better curation. Google and vertical search engines can't give us reliable answers to questions that require judgement and context. Boutique search engines are human-curated and designed to feel more like advice from friends
“Web3’s Great Gambit: Incentives for the Almost Impossible” summarized by AnnRavinther
Can Web3 live up to its promises and expectations? Is centralisation really that dangerous? @darkstardao gives a realistic lay of the decentralised-land in this article.
NFTs
"Buyers shell out $7M for unseen NFT collection" summarized by 0xshub.eth
In a Dutch auction, Nonfungible token (NFT) investors have piled $7 million, that sold 50 tokens conferring ownership over digital artworks that will not be minted until December.
"15 NFT Use Cases That Could Go Mainstream" summarized by mustard seed
List of 15 different use cases for Non-Fungible Tokens ranging from gaming to healthcare to virtual land.
“Building the Future of Music Ownership On-Chain” - summarized by decentbass.eth
Ever heard your fav song at the club, knowing YOU were earning $ from it? Yeah me neither. Here's how 3LAU & @join_royal are making that a reality w/ a royalty-sharing NFT for his latest banger.
Want more? Join the Scribe DAO community!
Let us know what content you’d like to see synthesized this week. Tag content with @ScribeDAO on Twitter so we can add the best articles and podcasts into our backlog!
We are always looking for more scribes! Come join us in the ScribeDAO Discord.