Farcaster moves to OP, StarkWare prover open-sourced - The Daily Gwei Refuel #645 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of dailyway refuel where we cup the latest news in ethereum ecosystem I'm your host and it's Asana until the 23rd of August 2023. all right everyone let's get into it so I've been talking about this new whole Sky public test net over the last few weeks and you all know by now that it's going live on September 15th which is obviously the merge anniversary day now I did uh say I think when I was covering this the past few times that I wasn't sure if it was launching with the dencoon upgrade and I'm pretty sure it is not so from my understanding you can see here that it is going to be launching uh basically as as the merge uh so up until a point of the merge and then it will be hard forking 64 minutes after Genesis to uh

shapala so it will be um enabling the chappella upgrade and then there is no kind of like upgrades uh slated jet for uh dencoon on this test net now that may change they may say okay well we'll upgrade to dencoon like I don't know a few days after the Network's running or something like that uh but it will definitely be upgraded to dencoon obviously before it goes live on mainnet there there so and where I'm getting this information from is this GitHub repo which you can go check out I'll link it in the YouTube description below but this is usually how these things go they'll kind of launch and they'll launch at some point uh in time or kind of like some upgrade checkpoint in this case it is London or the merge upgrade and then as I said as I said a chappella will be uh forking 64 minutes or will be

enabled 64 minutes after Genesis but yeah you can go check this out I'll link it in the YouTube description below for you to do so all right I mentioned or I talked about operation solo Staker the other day and today I came across a tweet that they're uh one of their validators has proposed the first ethereum mainnet block using DVT technology with solo stickers running from home the block was proposed using opal and dap node um making it not only successful but easy so kudos for that I think that it's really cool to show that just the power of both operation solo Staker and obviously uh DVT technology as well uh you guys know that I'm currently part of a cluster that's running opal DBT technology and

basically uh it's four of us running it in the cluster and we attest the blocks we propose blocks we're part of sync communities just like any other validator but all of us are running a piece of the validator so to speak I guess uh on I mean it's not technically a piece we're all running the same validator on our on our kind of um I guess like Hardware here uh but uh using that technology I I it gives you more resilience so that just let's say one person goes offline the other three are online the validator still keeps kicking along uh and and extra security and stuff like that as well there so yeah kudos to the operation solo sticker crew here for proposing a block today it is random obviously it's not something you can plan for but uh great to see that that went through smoothly

all right so uh eigenlayer's cap was actually raised yesterday so I may have this TBL cap in place and I remember I mentioned this I think like a week ago when they announced they were raising the cup so they raised the cup to a hundred thousand LST uh tokens um and if if one of the LST tokens was to reach a hundred thousand it would globally pause the entire uh kind of inflow so St reached 100 000 quite quickly actually and if I bring up this dashboard from nevermind that's at restaking.nethermine.io you can actually see how fast the cap was was reached here so you can see that st8 is at a hundred thousand our eighth is at about 20 000 and CBE is about 21.4 000 with normal just uh Beacon chain Heath being

at 13.8 okay here uh now as I said because sta switched 100K there's a global pause so they're not taking any more inflows right now but the funny thing is is that gas actually well the gas fees actually spiked yesterday on ethereum L1 because of eigenlayer restaking young I noticed this because basically I saw on my block native extension and you can see here this is the block native gas extension I saw this number go from like you know the usual 15 or whatever we see to 150 and I'm like oh okay something spiking gas I wonder what that could be and I went to the ultrasound money website uh and I'll show you how I do this actually you can go to the ultrasound money website and you can bring this up uh here and go down and you can actually sort underneath the burn category here uh at

by by time so what I usually do is I go okay what was burning the most eth in the last hour and then up the top here it showed the eigenlayer strategy manager contract which is the contract that everyone deposits to in order to to get into um into into restaking here and it was just wild to me that eigenlayer has so much Demand right now I know that there's a lot of I guess like airdrop farming going on with this where people are essentially just depositing their funds in they're not getting anything for it mind you none of the eigenlayer services are live there's no yield to be had but essentially they're getting in first because they want to farm the airdrop and I don't blame them them for doing this right but their demand is just insane I mean the if you if you go

to the actual restaking dashboard here and add up uh add all of this up that's a hundred and what 58 so sorry 154 I think if I'm doing my math correctly thousand eighth that has been uh I guess deposited into these contracts that is really doing nothing right now uh that's 140 54 000 I guess like staked eth um but if you were to times that by like the current price I'm just doing that on my other screen here uh it's it's 2.5 I think if I'm doing this correctly it is 254 million dollars yeah 25 or 4 million dollars so a quarter of a billion dollars has been deposited into these contracts uh that is uh earning nothing right now so that's a quarter of a billion dollars that's essentially

trying to farm an airdrop I think uh you know I I don't think it's worth sugar coating this and saying that people are just really excited to to start restaking and everyone's depositing because they want to be first to run this software and anything like that I do think a lot of it is airdrop farming but I think that's okay because um when you think about it like this like okay a lot of it is airdrop farming but what's the what's the kind of I guess uh conclusion here like what is the actual goal here well the goal here for eigenlayer at least is to bootstrap a validator set right it's the bootstrap security for these eigen layer services and of course there'll be a yield for that in some capacity so I just think it's overall pretty cool to see this and and pretty cool to see these inflows

because of that but at the same time I understand for a lot of people they see this and they're like wow okay the demand for restaking is just absolutely massive and uh the tvl caps just get reached so quickly and it kind of begs the question of like just how big this thing is going to be you know is the majority of of these LST tokens is going to be put into restaking you know what where will it cap out at are naturally not not based on a hard cap that the team has put in place but like a natural cup what are the eigenlayer services going to look like what are the slashing ignitions going to be on these Services there's a lot of open questions around this but as I've maintained for quite a while now since I've even first started talking about eigenlayer and and saw

people being concerned about it what I've maintained is that we're not going to get the answer to any of these questions until we see it play out in in a live environment right you can speculate all you want you can theorize all you want but you're not going to get a concrete result unless you actually see it or concrete kind of concrete data unless you actually see it play out on the mainnet live Network which is exactly what we're going to be seeing over the next few years at least and I I do understand people's concerns with restaking generally uh but we're gonna have to just see it play out and it will inform a lot of decisions that I think the core protocols and researchers make uh in terms of kind of hardening the protocol as well I personally don't think that the protocol is at risk from

restaking at this point in time because as I've mentioned before there are in protocol things that ethereum can do in order to protect itself but also there's that withdrawal queue that protects it from any kind of like Mass unstaking event or anything like that uh I do understand that people have concerns around validators potentially going offline but I don't think that would be the case uh at least for the foreseeable future because essentially this restaked eth unless it's being directly withdrawn from the beacon chain the validators have no reason to go offline because the validators aren't getting slashed what's getting slashed is the eth on the eigenlayer network whatever it is whatever service that they're risk taking a part of here and if that results in a validator withdrawal

because it needs to be withdrawn in order to recoup the eth that was kind of slashed then that would go ahead but it's still limited by the withdrawal queue and that validator would unwind uh unwind gracefully because the validators themselves are run by the LST providers right for example rocker pool with all the node operators Lido's not only operators coinbases operators yeah and also just solo stakers generally as well so yeah as I said I'm not too concerned at this stage but I understand people's concerns and at the end of the day we're just going to see this play out in real time over the next few years all right some big news out of the forecaster ecosystem today so flycaster announced well damn Romero one of the uh the the founders of farcasta here

announced that uh forecaster we will be moving to the op mainnet so he says yeah many of our most active users and developers are building on the op stack across op mainnet base and Zora we're also excited about optimism's strong commitment to open source and op mainnet identity initiatives like the EAS or ethereum attestation service which is a a service that I've talked about a lot on the refill before you can go check that them out as well um but what does this look like in practice what does it mean for firecaster to move a 2 op mainnet well then remember I put another tweet out where he basically uh showed us what the forecast that stack looks like uh with optimism so essentially we have the app as as the top of the stack here whether you're interacting with

firecaster using warpcast or Jam or yup um or or or any other app out there that gets built for it that's the kind of app layer then there are data apis so these are the things that serve the data to you or to serve it to the clients which serves it to you and this is Hubble which is a fast and simple implementation of a far cluster Hub in typescript and rust I'm pretty sure that uh this will be permissionless to run I think this is what I covered the other day usernames are powered by ens you can actually set your username on firecast or your actual uh username not just the handle to your ANS and I have mine currently set to sasol.eth of course which is awesome and then all of the account data and state will be on op mainnet so that's where op comes in this

is what the forecaster stack looks like right now and but what a huge win for for the op stack again guys like I mean they've been killing it lately you know what's funny is that for a long time I think arbitrim had the leg up on optimism if we're talking about um layer twos that have been around for a while and layer 2's that are optimistic Roll-Ups arbitrim had the leg up on on optimism for a while but optimism seems to have caught up pretty nicely lately with their op stack because they have a bunch of different teams but building a layer 2 is building Roll-Ups using the op stack now of course it remains to be seen what this kind of trend looks like going forward what the super chain is actually going to look like what it actually looks like from a decentralization perspective as

well because as you guys know the op stack doesn't have fraud proofs or validity proofs or anything right now so it's still very centralized and not that secure um but I think that that's a temporary thing I think that that's that's definitely going to be solved um in the near future uh and I've been using farcaster uh quite quite regularly as you guys know I've been trying to tweet there uh well I guess I cast there and I've been trying to kind of use that in conjunction with Twitter I'm still more active on Twitter definitely but I think that's a habit thing where I just need to build up the habit for forecaster as well but given that I I personally think that decentralized social media is I mean let me take a step back here I think that the infrastructure is finally ready for decentralized social media to

actually have a shot of taking off and that's exactly what we're seeing here with fire Caster migrating to the op stack they wouldn't be able to migrate to ethereum main that it wouldn't work the gas fees would be way too high right and it would be way too clunky for them because obviously it's slower to do anything on mainnet as well 12 second blocks versus basically instant uh soft confirmations on these layer twos so the ux is a lot better for for users out there but it's not just obviously using a layer 2 using the op stack or using op main that I should say it's using uh the ens kind of service as well for user names and it's using its own implementation called Hubble here where anyone can run that so I really do think that we're finally at the point where the

infrastructure is in place for us to get decentralized social media apps that actually make sense that actually work and it couldn't come at a better time in my mind I think that Twitter honestly I'm kind of scared about Twitter sometimes where I think to myself you know what does the next few years of Twitter look like it is woefully unprofitable right uh I don't think Elon has done a very good job with it at all I think that there's a lot of decisions being made that uh that that basically weaken the platform overall and so okay what is The Logical conclusion of that what is the conclusion of elon's vision of this like this x app that he's now trying to do actually not working does he sell Twitter to someone else right or some other company okay in that instance what happens to Twitter then like what

does that company do do they just Harvest as much user data as they can and slowly wind down Twitter as a platform itself um Does Elon essentially uh let his ego go to his head and just basically let Twitter die because he'd rather let it die than then give it to someone else or sell it to someone else because obviously selling it now would be worth a lot less than what he bought it for I mean he bought it for what 45 billion dollars or something like that I would really struggle to see how Twitter would would be able to command evaluation anywhere close to that uh and I would say that probably at this point in time it's worth 5 10 billion maybe uh something like that I mean that's just numbers that I can think of based on a number of different kind of things that

I've seen but the point of what I'm saying here isn't the fud Twitter you guys know I'm a religious Twitter User it's not the fun Elon Musk or anything like that my point is is that I'm so happy that we have Alternatives because I know we have something like threads from Instagram or from meta I guess but that again is centralized right that again is not a crypto native thing it obviously hasn't worked at this stage uh because people can still use Twitter and really those are just the two Alternatives in the centralized or two Platforms in a centralized world you have Twitter and you have threads uh but then we have these decentralized Alternatives not just fire Caster but we also have lens as well I think there's one other thing out there that I've seen floating around that wants to do something similar here so if Twitter was

to go offline tomorrow I would hope that all of the people on crypto Twitter or a lot of them would migrate to something like firecast Star instead of something like threads and I think they would because firecast start is actually pretty much all crypto natives at this point it has been invite only and that's going away I think in hopefully October or November where it'll be open to everyone but generally I would say that if Twitter was to go offline right now I think a lot of people would migrate across the forecaster now whether they could handle the load or not is another question but I'm just so glad we have an alternative that is at least trying to be decentralized and has a goal of being decentralized but he's also a crypto native solution to this problem here so kudos to the flycaster team for this

excited for the future as we um continue to build out this new I guess like decentralized social media stack uh that we're doing right now all right so a big announcement out of the starkware ecosystem today they are open sourcing their powerful Stark approver codenamed Stone here so uh you can see here next week during Stark net Summit they will have intro sessions to the previous code as well uh there is a full uh detailed blog post here for you guys to check out which I'll link in the YouTube description below uh this will be open sourced under the Apache 2.0 license here and the trdr is basically that open sourcing the prover is a major step forward in decentralizing Stark net it will boost collaboration and

Innovation and enable devs to observe optimize and use the previous code preferably for the good of public stock net so this is exciting because as I've said to you guys before in the past I would really love to run these things for the l2s I'd really love to run approver a validator uh you know potentially a sequencer all that stuff on the the hardware that I have right now that's running uh my my solo validators right that is money my rocket pool validators I have so much Hardware that's online right now and I want to put it to use because a lot of it is actually Overkill my solo sticking box is completely overkill for um for solo validators so I'm thinking to myself okay what can I use it for something else and I can I can use it to run L2 validators and sequences and provers now

approvers are pretty Hardware um Hardware Uh Hungry basically they uh they use a lot of a lot of RAM and a lot of um GPU power of course but that's coming down over time as well and it's definitely not something that's going to be heavy to run uh for the you know for too long into the future so I'm just excited to run all these things on my own locally and it will be open to anyone because it'll be open source uh so that's great to see here but yeah if you want more details about this I'll link star quiz blog post in the YouTube description below for you to check out all right so speaking of optimism before uh shut up uh project shutter or the shutter Network which I've highlighted on the review before they're building or

at least trying to build solutions for encrypted mempools uh has actually been building a shielded mempool or encrypted mempool using threshold encryption for the op stack so they've said yeah we're happy to let you know that we've completed the first two deliverables of our optimism op grants and you can read more about that in the blog here so this is basically an update on them building a encrypted Mentor for the op stack which I wasn't aware of before actually I must have missed this when they first announced that but this is awesome because I I remember highlighting to you guys what exactly the concept of a shutterized beacon chain was or the concept of an encrypted mempool was it was basically so that validators or Mev boost relays or anything that kind of builds blocks uh upper process blocks

could um so it builds blocks I guess I I should say can have plausible deniability about the transactions that they're actually including into a block because when you encrypt the transactions in a block it basically means that the transactions are not seen you don't know what those transactions are until they're actually proposed as part of a block now as I said the reason why you would want this is because it allows for even greater censorship resistance because then as I said you could have plausible deniability there is no way for you to know what's going into a block because it's been encrypted right because it's um it's been basically hidden from view until it's actually included in a block which helps with things like the censorship that we've seen because of the phonetic hash sanctions and all that good stuff there so if you want to read more details

about that from the shutter Network team they have a blog post here discussing it in the context of the op stack and what they've achieved to date so I'll link this in the YouTube description below for you to check out all right Jesse the lead Dev at the base project has put out a tweet today just as like a PSA to everyone that you can instantly bridge to and from base in the coinbase a combat coinbase app or on coinbase.com for less than 10 cents this is the cheapest and fastest way to move on and off lots more instant on and off ramps coming soon now this is amazing because 10 cents is so cheap guys and this is going to get cheaper over time like

imagine you have a few hundred dollars and you want to bridge it into base and you don't want to have to go through ethereum L1 to do that I'm going to bridge it into l2s you don't have to go through ethereum L1 going to ethereum R1 would cost you a lot right but first you'd have to withdraw it to ethereum L1 and exchanges May charge you for that and then you would have to send it from L1 to L2 which would cost you probably a couple of dollars or something like that and then you would have to wait as well for that bridging to happen which doesn't really take too long it can take like 10 minutes or something like that it's not too long but with direct bridging from the coinbase applecoinbase.com it's near instant I think or very very quick and it costs

less than 10 cents and I'm pretty sure that's going to be down to less than one cent post Erp 4844 and that's just overall a much better user experience for everyone not just for people who can afford the gas fees on layer one I mean why would you even if you can't afford the layer one gas phase and even if your size is size and the gas is on layer one doesn't bother you why would you go that row route if you could just go from instantly from the coinbase app or coinbase.com to base it costs you nothing and it's it's much faster than going the L1 route everyone would pick that I think uh 99 of the time maybe the one percent of the time you won't pick that is when you want to basically have the maximum security possible but honestly if you're going from coinbase

already into base uh there's no point going to L1 first and then to base because essentially you're still go it's still ending up at the same place right so yeah I just wanted to highlight that for you guys for any of you coinbase users out there that it is extremely cheap to bridge into base so if you haven't done so yet uh you can do it using coinbase.com or the coinbase app all right so an exciting announcement out of risk zero today which I think confused a bunch of people and I am not going to say that I totally understand exactly what they've released today but the reason it's exciting is because it's more ZK tech for us to play around with so what do they introduce well they introduced something called zeth which is a fully open source type zero ZK evm so they say here built on the risk zero

ZK VM and Bonsai uh a ZK VM not evm as death is a performance upgradable and scalable way for developers to ZK approve any ethereum Block ushering in the next generation of ZK and evm so you can read the thread for full break a full breakdown on what this actually means but from my understanding the reason why they're calling this a type zero ZK evm is because essentially the types that we have right now are built in the L2 context so what risk zero is saying here is that zeth is actually a ZK evm based on ethereum L1 so it's essentially one to one with ethereum R1 and you could build an L1 ZK AVM that is basically a a clone of ethereum using

zeth or you can use zeth to build a clone of ethereum as an L2 a ZK VM on uh on L2 right as a roll up and you can use their technology to kind of do that here so I think from my understanding that's what they're doing here and essentially that's why they're calling this a type zero even though some there was some drama around the naming here um but yeah as I said you can read the the full thread here for for a breakdown on exactly what this um what this entails here uh and also as I said I'm not completely up to speed with this I'm not I'm not completely in uh into the point to the point where I can explain this like I'm five but the explanation I just gave is is definitely the what I've kind of um uh I guess I gauged from

talking to different people in the ecosystem uh and and kind of reading through the posts myself so you can go check this all out I'll link it in the YouTube description below for you to do so all right so a bit of a maybe I don't know if this was controversial take on Twitter today um but I put out a tweet where I said out of all the l1s I think that BSC binance smart chain and tron make the most sense to become an ethereum L2 they keep their existing ecosystems while no longer having to deal with all the overhead that comes with maintaining an L1 such as consensus overhead extra costs lack of scalability and more so for those of you who don't know both BSC and Tron uh literally just Forks of ethereum forks of Geth BSE uh and has a lot of usage Tron has a lot of usage but

for different reasons BSC is extremely popular in Asia it has a lot of Asian users because it was uh basically pumped by binance and binance had a lot of Asian users so they onboarded people onto BSC uh Tron on the other hand is very popular in South America or the global South they do a lot of stablecoin volumes and actually based on a variety of metrics Tron is the second most used blockchain after ethereum because it is used so frequent frequently for stable coin payments and you may ask okay well why is it used so frequently for stable coin payments because it's much cheaper it is I mean let's not sugarcard here both BSC and Tron are centralized right but it's very cheap it's evm it's uh got uh wide acceptance across a variety of different exchanges right uh it is one

of the biggest networks out there so it is it is de facto accepted by pretty much every exchange and it has a network effect of liquidity there for usdt or tether for example so okay well what what does what good does it make uh for them to become an L2 well I mean really they can still exist exactly the same as they are now they just get rid of all the garbage that comes with an L1 as I said consensus overhead is a huge one right um coming to consensus on on blocks is very heavy and obviously it being a fork of Geth all that these networks have done is basically just cranked up the gas limit and BSC has actually had a lot of problem with State Management a lot

of problems with State Management generally so I I think that that pretty much all goes away if you become an L2 right and then your your costs go down because of that you can scale more obviously because a layer 2 allows you to scale a lot more than a layer one does especially if your layer one is just based on you know ethereum uh itself right so taking all that into account I do think we'll see one of if not both of these ecosystems become a layer two I think maybe it's more likely that BSC becomes a layer two because they've been experimenting with it already I know there's OPB and B which is like a fork of the op mainnet on BSC didn't really make much sense to me why they would do that um but I think that might be a testing

ground for them to eventually convert BSC into a layer 2 on ethereum uh Tron I don't know I mean I think Justin sun doesn't actually understand much of what he's doing when it comes to this stuff I think that he is more of a follower than a leader definitely a follower than a leader he's just he loves to copy everyone right so I would would assume that if BSC became a layer 2 Tron would probably follow but at the same time I think there's already a trend or a lot of these l1s becoming l2s that Tron could become an L2 just to follow that Trend especially if it leads to a sustained pump in the tokens of those networks that transition to an L2 because Justin's son from my experience likes to do these things um to pump the the TRX token of course now in saying all of this I have been

extremely critical of Tron specifically in the past I I have said in the past that I thought it was a grift and and a borderline scam a lot of misleading marketing all that stuff there and it is but I'm not going to uh basically not acknowledge the fact that people are still using it and getting value out of it right and I would much rather these networks be an L2 on ethereum because it's actually easy for them to decentralize as an L2 on ethereum and have provable decentralization uh because they can just decentralize the bridge on on the L1 essentially and have an escape hatch in case the 2 goes offline or anything like that and then essentially they become just like any other uh kind of L2 out there something like an arbitrine one right which has

fraud proofs and stuff like that so yeah we'll see how that goes we'll see if that actually happens uh but just a bit of background on that tweet that I put out today because I know it was a little bit controversial all right so this basically came out just as I was basically going into bed last night so about an hour after I recorded the refuel uh but balancer unfortunately had uh received a critical vulnerability report affecting a number of V2 balancer pools here but fortunately emergency mitigation procedures were executed because it was a white hat that reported this vulnerability and a majority of the tvl was secured with only uh some funds remaining at risk so if you want to learn more about if you were affected by

this as an LP and which funds were at risk you can check out the blog post that balancer published uh or I guess I go to the site here the balancer are put together which is a recovery exit site uh and uh you can check if you're affected there but I do want to applaud balancer for the way they handled this exploit they received the white hat um I guess tip they they implemented emergency mitigation procedures in order to secure as much TBR as possible and then they did a responsible disclosure all at once for the The Wider ecosystem in order to to help the wider ecosystem and the affected LPS recover from this and they also built a tool to do that here this proportional exit uh tool which I I don't know if it existed before but uh yeah there's this tool

here for to make it easy for people to check if they're affected and then exit from the affected pool CR uh which is which is awesome it's just amazing I mean yeah actually you can see here this tool was created to facilitate user exits from pools at risk to the vulnerability described uh in this uh Twitter thread here I guess like tweet and blog post here uh which I'll link in the YouTube description below so just a massive kudos to balance off of how they handled this one of the best I think handlings of a vulnerability that I have seen ever in this industry to be honest so just wanted to give some praise there to the balancer team all right so I came across this new Twitter account today I don't know if they're new or they've been around for a while but they're new to me called

snowball tools um and what they're building is basically uh the future of crypto mobile as I've described it here so they're building something that enables no more passwords no more seed phrases no more extensions and no more bouncing between apps uh you can try them out at uh iglowtools.xyz and they say here all you need to do is create a pass key mint and Igloo nft on girly or sepolia and they'll sponsor the gas so you can see here I've I've got this loaded up in front of my screen create you can click create a new Pass key uh name your pass key I'm just going to name this TTG uh create Pass key it's registering um it's it's asking me here you can go Windows hello or external security key I'm probably not going to do that live on stream because I haven't done this uh

yet but I just wanted to to show you guys what it actually does right it creates a pass key in the browser using security um from whatever you're running I'm running uh Windows obviously here and then it will create the pass key for you and then you you can just mint an nft here in order to yeah and get the gas sponsored now maybe I'll do it on my other screen just because I don't know what's going to pop up so I don't want anything that's gonna that's gonna dox me or anything popping up here so I'm going to uh click here and I'm going to put in this here uh and then I'm going to see if this creates it yeah I'm just running through the registering of the pass key again on my other screen here uh and following the the prompts in

order to do that so yeah well it created Okay cool so I can bring the tab back over here for you guys I can click uh log in uh to start you'll need to authenticate okay it's asking me to authenticate again okay this doesn't pop up for you guys on screen which is nice I can just put in the authentication a method here and then yeah I think that uh once that kind of runs through it it's going a little bit slow so far I guess that's to be expected given this is on test net and very early version I'm just waiting here I don't know how long this is going to take by the way guys but yeah I mean you can read the thread here for a full breakdown of exactly what they're doing here and how they're actually enabling them this with

their software uh it's it's quite a lengthy thread as well they're using things like account obstruction they're using things uh similar to I guess like what was used by friend Tech like different different things here uh and different kind of um different wallet providers and you can see the sdks that they support and everything there uh yeah okay cool I've got my each smart wallet here and you can view this on etherscan this is my public key uh and this is an erc4337 wallet so basically mint a free iglo nft okay I'll click mint nft and see what see what this does right now so it's mincing it yeah if you stay out with us on this page as your igloo nft is being minted on chain okay I'm gonna stay with them on this page and see how long this takes maybe I'll give it a give it a few seconds here

because I'm over way over time on on the refill today so yeah I don't want to bore you guys with details CR um but yeah you can go check this out I'll link it in the YouTube description below uh for you to do so and while this nft is minting actually I'm going to talk about the last thing I wanted to talk about and just briefly touch on I put a tweet out today where I said there are currently two types of people left in crypto right now there are those that are quietly stacking their favorite assets and enjoying the tech Innovation side of the industry you know your casual daily gray refuel enjoyer and then there are those coping and seething in the replies to everyone's tweets about how prices are stagnant the second type is simply not going to make it honestly I hate that second type so much

there are so many of those that reply to my tweets and I've gone to the point now where I basically just insta block them most of the time because it is so tiring reading the same old garbage you know I made a tweet today about how the the um the burn is bullish for eth because of such and such reason you probably saw the tweet and then someone replied and basically said yeah but it's done nothing for the price I'm so sick of those comments because one they're wrong two I mean the the short-sightedness of these people just really annoys me um and three it really just shows that these people don't actually understand what they're talking about and and really aren't in it for the tech or innovation side of this industry so they're not my people so to speak right so yeah just wanted to to hide that

tweet there and give a little bit of extra context but you you guys are going to make it because you're in it for the tech and Innovation and you're stacking for the long term which is obviously something that I've preached for a long time now uh so yeah anyway I just want to check in on my nft there we go I'm into the nft on girly as you saw all I have to do is click a button right I didn't actually have to confirm anything there was no pop-up pop-up that came up for me I didn't have to spend any any gas obviously because it's on on testnet but um it all happened in the background and now I can view the nft on open C if I want if I click open CTR yeah there it is that's really cool guys the future of

the ux UI of crypto is being built right before our eyes don't sleep on it I'll link the iglow stuff in the um in the YouTube description below for you to check out but as I said gone over time so that's going to be it for today's episode so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Discord Channel and I'll catch you all tomorrow thanks everyone