Welcome to The Protocol, CoinDesk’s weekly wrap-up of vital developments in cryptocurrency technology. In this issue:
- Launch of Story Protocol to help individuals register and profit from their intellectual property.
- Ethereum developers unveil a new framework aimed at simplifying cross-chain token transfers.
- Collaboration between Monad and Orderly Network to enhance the decentralized finance landscape.
- An exploration into Donald Trump’s rising status as a significant figure in the crypto sphere.
Network News
STORY PROTOCOL GOES LIVE: Story Protocol recently launched its blockchain, dedicated to managing intellectual property. Their $IP token facilitates transaction fees and governance within the platform. Recently, PIP Labs raised $80 million in funding for this initiative, totaling $140 million in investments.
ETHEREUM DEVELOPERS RELEASE NEW OPEN INTENTS FRAMEWORK: Leading Ethereum developers introduced the Open Intents Framework aimed at streamlining cross-chain transactions, supported by 25 projects and loosely connected to known standards within the industry.
MONAD AND ORDERLY JOIN FORCES: These two platforms are working together to attract attention in anticipation of a renewed interest in DeFi, with the forthcoming Monad testnet aimed at enhancing user experience.
TRUMP - CRYPTO’S MOST INFLUENTIAL INVESTOR? Rushi Manche remarks that cryptocurrency shares similarities with politics, highlighting Trump’s capacity to attract attention and influence the crypto market, a fact that crypto founders are looking to leverage. His venture into crypto has raised concerns among some political circles regarding potential conflicts of interest.
In Other News
- Libra Token’s co-creator claimed he paid Argentinian President Milei’s sister.
- The potential impact of President Milei’s issues on the memecoin trend.
- eToro secures a MiCA license from Cyprus.
