How CryptoMondays Went Worldwide

cryptomondaysIn need of a guide through the world of Crypto? Brooklyn is a place to start. CryptoMondays once started with just a few people and now has over 20,000 community members across the country. The goal is to teach and engage people in the community about DeFi, Web3, and NFTs through live events.

Being a long-time investor in the crypto world, Lou Kerner started his own meetups on January 8, 2018 at Bagatelle in the meat packing district. Having 300 people at the first event and 350 at the following event, CryptoMondays began to flourish.

“So, the idea of mine is, I just wanted to hang out with other people who were as passionate about crypto as I was,” said Kerner.

CryptoMondays has had events in 77 cities around the world and are currently active in New York, Miami, San Francisco, London, Paris and more.

“It started off more as like a niche of people who are specifically interested in blockchain, but the tendon is expanded to institutional investments,” said Rifka Buls, Director of Business Development at the Williamsburg Hotel who also hosts CryptoMondays there. “The attendance has gone from people who are specifically connected to the blockchain crypto industry, to people from a wide variety of industries that want to also include crypto and blockchain and NFTs.”

She added, “Web3 and crypto have a fantastic community. I’ve worked in several different industries and I find the community to be extremely growth oriented and creative. They generally look for what talents another person has, like, how is that talent unique and special? And it’s just a really fantastic group of people,” said Buls.

CryptoMondays being all over the country has had success in attracting a diversity of people from many different regions, like Jonathan Alviras from the San Francisco Bay Area.

“I appreciated the CryptoMondays over in Brooklyn after being at a couple of events in Manhattan for NFT NYC, just because it was it was a bit more focused. I think people were there to engage with the speakers and actually listen to the fireside chat,” said Alviras.

Each week CryptoMondays feature different topics, different speakers, and different ideas for an engaging crypto community.

Coinbase Introduces New Features

coinbaseCoinbase is adding new features to its wallet app. With the overall goal to cross into Web3, the product will focus on API-first, DeFi-first, and self-custody first, according to Chief Product Officer Surojit Chatterjee.

To streamline participating in self-custody and Defi, Coinbase is integrating its Pay software development kit (SDK) within its wallet. Consensys’ Metamask, the leading browser-based Web3 wallet will also be adopting Pay, said Chatterjee. Users will be able to purchase cryptoassets with fiat and transfer them to the self-custody wallet of their choice through Pay. A guest checkout option will become available for non-Coinbase users.

As long wallet addresses can become complex for identification purposes, “To reduce complexity, the Coinbase Wallet will allow a user to claim an Ethereum Name Service (ENS) address for free. ENS is just one of several services Coinbase plans to integrate,” a spokesperson told Blockworks.

Coinbase will also be releasing a self-custodial dApp wallet, made possible by multi-party computation (MPC), a cryptographic technique for secure private key management. Users will be able to buy NFTs on marketplaces like Coinbase NFT and OpenSea, trade on Decentralized Exchanges such as Uniswap and Sushiswap, and borrow, lend, or swap through DeFi platforms like Compound and Curve.

Users can access dapps without a recovery phrase. The wallet allows the ‘key’ to be split between the user and Coinbase. This adds a layer of security, if access to your device is lost, the key to your dapp wallet remains safe and Coinbase can assist in recovery through their live support. These assets will first be available to a selective amount of US Android users, with a plan to eventually expand to all users and platforms.

The wallet hopes to also support blockchains that are compatible with the Ethereum Virtual Machine (EVM) as well as a few particular others, including Solana.

What is the CoinbaseResolver Smart Contract?

coinbaseresolverA contract deployed on the ethereum blockchain this week is going to have a major impact on the ENS ecosystem, according to CroissantEth on twitter. Contract 0x0465719485dB64e24d73d1619E03950830E4A5b3, purportedly created by Coinbase Devs, will allow dApps to issue ENS subdomains off-chain but still have them be accessible through L1.

Croissant writes that this is different than just setting up an ENS subdomain because the entire process can be done without L1 transaction fees but still be recognized on the L1 network. This opens up the possibility of setting up unlimited subdomains on L2.

“A gateway can call to a resolver on an L2 network, & get the address corresponding to the ENS domain,” he wrote.

Such a feature will be further enhanced by a new subdomain registrar contract where owners of ENS domains will be able to delegate out subdomains they can’t control while at the same time retaining control of the top line ENS domain. Though he did not state a specific example, one could imagine that readers of our site could own bob.decashed.eth and sally.decashed.eth with no L1 transaction costs while at the same time we, as decashed.eth proper, could not control those subdomains nor would we lose control of our own top level domain.

A major implication of this is onboarding. With no L1 costs, it would make ENS subdomains, recognized at the L1 level, available to everyone that couldn’t previously afford an L1 ENS domain. And since it would actually sit at the L2 level, developers could then customize users “wallets” to be more user-friendly.

It remains to be seen if the speculation behind CoinbaseResolver actually comes to fruition.