The Baking Sheet - Issue #88

February 25, 2022

Hearts go out to Ukraine ❤️

Welcome to this week’s issue of The Baking Sheet!

Before going any further, we would like to send our prayers and thoughts to Ukraine. We have made many friends from Ukraine in the Tezos community and we hope you all are safe and sound.

Reach out to us if you need anything 🙏

Back to this week's updates -- The digital dogs have taken over the Tezos network this week. In this week’s issue, we’re going to highlight network metrics, mooncakes and Dogami’s success.

Let’s get into it.

Ecosystem Insights

In case you weren’t aware, we recently added a new writer to the Tezos Commons team - Stu Elmes. You’ve probably heard from him on our weekly TezTalks series, but he shared an article this week on Tezos governance.

I think it’s pretty important to understand how this works especially in light of all the new entrants coming into the Tezos ecosystem for NFTs, so be sure to read it if you haven’t yet. To be succinct, there’s more than just JPEG’s on Tezos and detracting against that knowledge gap is beneficial for everyone.

It also ties into understanding the macro trends within the ecosystem from a metric standpoint. Both of which have been rising month by month with no signs of slowing down.

The above chart shows the impact of cheaper fees, environmentally friendly, and an already established reputation with large names using Tezos-based NFT platforms. Last month, a new ATH was made for contract calls with the total around 50M on mainnet.

Since September 2021, that’s an increase in total contract calls of roughly 120%. In other words, protocol upgrades amalgamated with organic NFT and DeFi interest have encompassed for the vast majority of contract calls on Tezos to date… just since March of last year.

On the NFT front, it’s no secret that Dogami has been the talk of the town for the past week. With over 150k tez in secondary trading volume on just the first day, Dogami has set a new precedent towards a growing belief that more users are needed to support these drops of Dogami’s size. It can be supported today.

Equally as important, the Kukai team recently launched their Mooncakes project. Mooncakes are a fun and great way of exploring the world of Tezos NFTs. Apart from claiming their free Mooncake, users can earn free Mooncake NFTs just simply by being active on Tezos and completing various challenges.

With the growth we’ve seen in terms of network metrics, it will be very exciting to see what the future holds for the Tezos ecosystem. With Tenderbake on the horizon in the latest Tezos upgrade that’s undergoing voting, we’ll keep marching along and never stop evolving.

Mooncakes - Claim your NFT!

8 DAYS LEFT 🌝🥮😋

Have you heard of Mooncakes, delicious collectible NFTs on Tezos? Over 10,000 Tezos accounts have claimed one so far.

Don’t miss out! There's only 8 days left to tackle the mooncakes challenges and join the fun.

Start claiming these NFTs at https://mooncakes.fun

Vote for Tezos!

This Week in the Tezos Ecosystem

AirGap's latest release adds support for Tezos Sapling on Mainnet. You can now shield your tez and send them to other people in the shielded pool anonymously

NFT collector who goes by the name of ‘Cozomo de’ Medici’ has recently announced a huge Twitter art fund for emerging artists

Please note that this is the first synthetic non-crypto asset on the youves platform. As such the underlying XAU/USD market is “traditional finance” and behaves like a foreign exchange market. As a…

OneOf has announced an exclusive partnership with iHeartRadio’s influential, top-rated Hip-Hop/R&B morning show The Breakfast Club. iHeartMedia, Inc. is the leading audio media company in the US, reaching over 90% of Americans every month.

Spend any amount of time investigating blockchain technology and cryptocurrency, and it won’t take long before you come across the word “governance”. There’s a good reason for this: governance, you…

This Week in Tezos Development

Many of our participants told us that due to the events in eastern Ukraine it is difficult for them to remain calm and concentrate on the hackathon. Tezos Ukraine is a Ukrainian non-profit organisation and we share their concerns and worries.

A successful transition to the Tenderbake consensus mechanism relies

on the Tezos ecosystem making sure the infrastructure is prepared for

the changes. Here is a checklist of the necessary steps.

Request for comments for the TZIP draft: Testnet admin key. In this TZIP, we propose a protocol amendment where, for any chain other than Tezos mainnet, a chosen “dictator key” may force a protocol upgrade.

Version 12.0 of Octez has just been released.

Compared to 12.0~rc2, version 12.0 fixes a bug in the Octez Ithaca2 baker implementation, and improves RPC support for the Ithaca2 protocol (e.g., to enable compatibility wi…

Now Streaming

Trending on Tezos Agora

I/O graph comparison of the Octez v11 context storage (upper) and the TezEdge v1.15 context storage (lower).

Dear Tezos Community, We’re happy to open the floor to new questions for the Tezos Foundation! Feel free to share your question here, and we’ll do our best to answer it shortly.

VerticalCrypto Auction House on Tezos

ART&NFT: The Digital Roots