Welcome to this week's issue of the The Baking Sheet, your weekly newsletter for all the latest and greatest in the world of Tezos.
This is one of those weeks where the entire ecosystem is buzzing with integrations, tech developments, and new products on Tezos. Let’s dive in —
Dev Update: Tezos Rollup Demo, Plenty V3 Update, and Future Plans
Plenty Labs just published it’s recent progress in the Tezos Ecosystem, including the unveiling of the Plenty Rollup, the progress on the Plenty V3 update, and a preview of future plans.
Live on Ghostnet: the Plenty Rollup
Plenty Labs team is proud to announce the launch of the Plenty Rollup, a significant step forward in the world of Decentralized Finance (DeFi) solutions on the Tezos blockchain. The Rollup demonstrates a quick, efficient transaction system with a unique set of features, which include instant transactions with no gas costs, scalability (around 2000 transactions per second), and a high level of security. Users are invited to experience the speed and efficiency of the Plenty Rollup firsthand.
Plenty V3 Update: Uniswap V3 Developments
Keeping pace with the advancements of Uniswap V3, Plenty Labs team is working to incorporate similar features into their ecosystem. These features include concentrated liquidity, which provides users with greater control over capital allocation to specific price ranges, and multiple fee tiers to offer varying compensation levels for Liquidity Providers based on the risk associated with different assets.
Other updates include the introduction of Plenty V3 SDK, the first Uniswap V3 SDK on Tezos. This SDK will help developers to create their arbitrage and liquidity position management bots, fostering the next generation of DeFi solutions. Furthermore, all SDKs and smart contracts will be open source, encouraging other Tezos builders to develop faster and better solutions.
In addition to these updates, Plenty will introduce V3 analytics for better investment performance understanding, demos and tutorials for education, comprehensive support and documentation for oracles, and a migration portal for the seamless transition from Plenty V2 to V3.
Future Plans: From Mainnet Launch to Rebranding
In the coming future, Plenty Labs is planning the mainnet launch of Plenty V3 and the further development of Rollup technology to offer more efficient transactions. The team is also preparing to support developers who wish to build on top of Plenty V3 with resources such as documentation, an SDK, bot framework, and real-time support. Additionally, the team will maintain its support for Plenty V2 despite the anticipated migration to V3.
Another key plan is to create a unified brand for Plenty, with a notable step being the rebranding of 'naan' to 'Plenty Wallet'. This rebranding aims to create a cohesive and easily recognized brand identity in the web3 ecosystem.
Revolutionizing Live Events: Tezos-Powered Billy Teams Up With Hellfest for Exclusive NFT Experience
XTZ News reports, Billy, a ticketing platform powered by the Tezos blockchain, has partnered with Hellfest, France's largest music festival, to create an exclusive NFT collection named "HellFrames". These NFTs are digital twins of the 4-day passes for Hellfest 2023 and depict the festival's various iconic stages, serving as unique digital souvenirs. The rarest NFTs contain surprises and grant holders access to unique experiences during and beyond the festival.
The initiative aims to bring a modern, artistic, and tech-based experience to festival-goers, facilitated by Tezos' environmentally-friendly "Proof Of Stake" validation method. Billy simplifies the experience by automatically generating a digital wallet for users who connect via email, making blockchain technology and NFTs accessible.
The HellFrames collection includes six unique works associated with the festival's stages. Of these, 600 are Classic, 60 are Special, offering merchandise vouchers and cashless credit, and six are Rare, granting winners VIP upgrades and backstage tours.
HackArtX: Tezos x Ubisoft
Tezos & Ubisoft's HackArtX Hackathon will challenge 6 top artists and their teams to create cutting-edge artworks using Web3 mechanics. Register here
Tezos and Ubisoft Strategic Innovation Lab are launching the first HackArtX Hackathon, focusing on combining digital art and blockchain technologies.
Six international digital artists, Harriet Davey, Johann Baron Lanteigne, Martina Menegon, Lauren Moffatt, Tabitha Swanson, and u2p050, have been invited to inspire participants.
The hackathon will form teams of up to five members, consisting of an artist and up to four teammates with skills in development, blockchain, and gaming.
The 2023 theme is "Living Art in the Era of Web3." Participants are challenged to create evolving and interactive art projects using blockchain technology.
The event is for people with skills in areas such as Unreal Engine, generative AI, artificial intelligence, 2D art concept, game development (Unreal preferred), 3D artistry (Blender), 3D animation, Web3/front-end development, and Unity.
The hackathon is fully on-site and in-person.
It will begin on Friday, June 16th at 1:00pm CEST and end on Sunday, June 18th at 7pm CEST.
Teams will start working on their projects on Friday, after a presentation of the event and the artistic concepts suggested by the artists.
Cash prize of €15K equivalent in XTZ and special prizes from key profiles in the Art and Tech sectors.
Applications are open until June 2nd.
Food and beverages are included, but no accommodation or travel arrangements are made for participants.
Interested individuals can follow the hackathon and Ubisoft's projects on Discord at https://discord.gg/h7zMV88gBP.
This Week in the Tezos Ecosystem
Hyperglade: Navigating Challenges, Securing Draper VC Backing, and Pioneering Web3 Expansion
Despite facing a myriad of challenges in 2022, including political upheaval, an economic crisis, and fuel shortages, Sri Lankan startup Hyperglade has persevered and thrived. The team has secured significant investment from Draper Venture Capital and formed partnerships to unlock brands' Web3 potential. Its growth has continued since being inducted into the Tezos Incubator (TZ APAC).
Embodying Grit and Endeavour
In an era marked by grit, endeavour, and spirit, the tale of Hyperglade's founders, Kalana Muthumuni and Lakshan De Silva, stands out. As TZ APAC notes, Hyperglade's deep understanding of blockchain technology enables the team to customize solutions for their clients, considering individual business processes and customer journeys.
Addressing the Cost of Web3 Integration
The integration of Web3 into businesses brings along substantial costs, especially in developing systems supporting multi-chain smart contracts and existing Web2 APIs. But Hyperglade, showcasing innovation and resilience, has tackled this challenge head-on.
Innovations and Partnerships
The Sri Lankan startup has been instrumental in transforming the country's Web3 space. Hyperglade made headlines by hosting the region's first Non-Fungible Token (NFT) auction and pioneering fiat payments for NFTs. This trailblazing move drew the attention of global payment technology giant Mastercard, resulting in a significant partnership.
Leveraging Tezos Blockchain
Hyperglade leverages the Tezos blockchain in its solutions, benefiting from its speed, scalability, and stability - key attributes required for enterprise-level solutions. The self-amending nature of the Tezos blockchain allows for seamless upgrades without causing disruption to the systems.
Resilience in the Face of Crisis
Co-CEO of Hyperglade, Kalana Muthumuni, reflected on the company's journey through the tumultuous landscape. "We kept going through a global crypto collapse, combined with Sri Lanka's fuel shortages, lack of electricity and a crippling financial crisis. It was our greatest test, but not once did we think about backing down."
Osiris — The first decentralized EVM optimistic rollup
Ferdinand, developer from Nomadic Labs tweeted he will be building the first decentralized EVM optimistic rollup.
The series of tweets is an introduction to Osiris, here's a breakdown of the tweets:
Optimistic rollups and Zk rollups are the two primary scalability solutions for blockchains. Osiris brings additional value to the former.
A rollup (also known as Layer 2 or L2) is a processing unit that receives, retrieves, and interprets input messages to update its local state and to produce output messages for Layer 1. The term "optimistic" indicates that when a participant publishes a claim about the state of L2 on L1, this claim is assumed to be true, even though it might be false.
Tezos, through its new update named Mumbai, introduces smart rollups. These are a permissionless scaling solution that allows anyone to originate and operate one or more rollups. The Tezos rollup infrastructure currently supports WebAssembly (WASM), allowing a WASM rollup to run a kernel (the core of a computer's operating system) expressed in WASM. This kernel processes input messages, updates a state, and outputs messages targeting Layer 1, following a user-defined logic.
Osiris uses this technology to develop an EVM kernel, which creates an EVM rollup similar to Arbitrum or Optimism. However, Osiris is more decentralized and open to everyone with a refutation game, which allows false claims about the state of the network to be challenged and corrected.
Unlike smart contracts, which are processed automatically by network validators, Osiris rollup requires a dedicated rollup node to function. This signifies that Osiris operates in a decentralized manner as a software component, contributing to the ethos of decentralization in the blockchain ecosystem.
The Youves DAO has officially launched on the frontend, marking an exciting milestone in the evolution of the platform enabling users to experience decentralised governance and participate in shaping the future of youves.
This Week in Tezos Development
Announcing Blockwatch TzIndex v16 | Blockwatch Data
Blockwatch has announced the open-source release v16 of TzIndex, its all-in-one zero-conf Tezos indexer. This update is fully compatible with the Tezos Mumbai protocol and includes several significant features and improvements:
Mumbai and Smart Rollup Support: The Mumbai protocol has accelerated the Tezos network's speed and scalability. It introduces Smart Rollups, allowing anyone to create and deploy interoperable Layer 2 solutions on Tezos.
Blockwatch TzIndex v16: The latest version supports tz4 and sr1 addresses (used in rollups) and their operations. It also continues to support Transaction Rollups (TORU) even though they've been deprecated. Users can add support for Smart Rollups and upcoming zkRollups at their convenience.
Performance Improvements: With the expectation of Tezos' significant growth due to new NFT projects, games, and rollup use cases, Blockwatch has improved the indexing performance and reduced overall indexer maintenance costs.
New Additions: Numerous additions have been included, such as the wrapping of Mumbai operations into rollup origination and rollup transaction, the addition of block model NTickets, chain model TotalTicketTransfers, and more.
Fixes and Improvements: Numerous bug fixes and improvements have been added to improve the robustness and performance of the system.
The new version of TzIndex is available under an open-source MIT license, and a PRO license, which includes professional support and scheduled updates.
OxtezBot: a New Baker Monitoring Tool for Tezos | Oxhead Alpha
Oxhead Alpha has introduced OxtezBot, a free Telegram notifier bot based on Pyrometer. This tool, when added to Telegram chats, can provide notifications for a configured list of bakers, which can be particularly useful for bakers to monitor their infrastructure and for delegators to ensure their baker's performance.
OxtezBot sends alerts only when problems occur, such as multiple missed endorsements that trigger a "Baker unhealthy" alert. To use the bot, users can add up to four bakers' tz addresses, which the bot will monitor. The bot provides statistics for each baker and allows users to watch their performance.
Users can customize alerts for rare events like "Double" (double endorsement, pre-endorsement, bake), "Health" (unhealthy baker or recovered baker), and "Deactivation" (risk of deactivation or actual deactivation). They can also set alerts for more frequent, by-default-muted events such as the creation of a block or a missed bake or endorsement.
However, the notification settings are universal and apply to all bakers on a user's list, and can't be customized individually for each baker. The bot also provides detailed configuration, block level ranges, and icons for each event, and encourages users to provide feedback and suggestions.
Join us for our next TezTalks LIVE featuring MailChain!
Join us as we discuss the recent Tezos integration of Mailchain with CEO and Co-Founder Tim Boeckmann.
Mailchain is a communication layer for web3 communities, enabling users to communicate to different crypto wallet addresses off-chain.
🎬 Stream: YouTube