This Week in Cosmos with WhisperNode

Welcome to This Week in Cosmos, brought to you by WhisperNode, your go-to roundup of the most compelling developments in the Cosmos ecosystem.

What did we cover this week?

• Cosmos ecosystem highlights: Injective, Sei, and more

• New earning opportunities

• Galxe of opportunities: Career openings, Bounties for devs, Hackathons, and more

• Missed last’s week highlights? Read Here
  
  
  

What's New in Cosmos, Interchain and IBC

• Injective Joins Tokenized Asset Coalition
  Injective has joined the Tokenized Asset Coalition, a group focused on accelerating the growth of Real-World Assets (RWAs) and institutional Decentralized Finance (DeFi). The Tokenized Asset Coalition seeks to unite traditional and crypto financial systems with the shared belief that many assets will eventually move onchain.
  
  

  

  
  
  This coalition includes major players like Coinbase, RWA.xyz, and Circle. The group's goal is to advance RWA adoption in the blockchain and cryptocurrency space. Injective's inclusion in this exclusive cohort positions it alongside established industry leaders, potentially boosting its influence in the RWA and DeFi sectors.

• Berachain introduces Boyco
  Berachain introduces Boyco, a pre-launch liquidity acquisition marketplace powered by Royco, designed to address common issues in DeFi application growth. Boyco aims to solve the cold start problem, privileged liquidity provision, and points program challenges by enabling transparent negotiations between applications and liquidity providers.
  
  

  

  
  The platform allows dApps to secure Day One liquidity directly into their smart contracts, eliminating the need for double incentivization and reducing competition for the same liquidity.
  
  Boyco improves transparency by providing clear information on lock periods and return profiles, lowers trust assumptions through smart contract enforcement, and enhances accessibility by supporting deposits from multiple chains.

• The Celestia Foundation has secured $100 million in funding
  The Celestia Foundation has secured $100 million in funding, led by Bain Capital Crypto, bringing its total raised to $155 million. Celestia, which launched its Mainnet Beta in October 2023, offers the first specialized modular consensus and data network in the industry.
  
  

  

  
  
  
  Celestia enables developers to deploy high-throughput applications with customizable full-stack solutions, moving beyond traditional monolithic L1 scaling constraints. Since its launch, Celestia has seen the deployment of 20 rollup chains and significant growth in data blob usage.

• Introducing Union's Roadmap to Mainnet
  Union is preparing for its mainnet launch through a structured roadmap. First, it will conduct a Trusted Setup Ceremony involving the crypto community to secure its ZK circuit. Next, essential Component Upgrades will enhance interoperability and optimize gas usage.
  
  

  

  
  
  
  Following that, Voyager v2 will be introduced, featuring modular upgrades and support for third-party intents in bridging. Union will then move to Testnet 9, which brings significant functionality improvements and broader chain support. Finally, a Pre-Launch phase will include rigorous testing and a bug bounty program. Mainnet will launch once all phases are complete.
  

• Sei being Sei
  Sei has achieved a new all-time high with over 200 million TVL, thanks to community support. The deadlines for the Sei Creator Fund Rounds 3 and 4 have been extended to October 3rd. In ecosystem news, XION integrates with Sei to enhance blockchain adoption.
  

  

  
  
  Greedy Goblin has reached 500,000 active users. Infinity Games is migrating exclusively to Sei, further expanding its ecosystem and a lot more.

• The first Jackal Outpost has been deployed on Archway
  The first Jackal Outpost has launched on Archway, providing developers, DAOs, and dApps with decentralized storage solutions. Users can access Jackal’s storage just like any traditional data provider.
  
  

  

  
  
  As Archway dApps integrate this outpost, they will benefit from enhanced security, privacy, and control over their data. Documentation will be available soon, and for immediate assistance.

• $AKT, was featured in Grayscale's Top-20 list.
  Grayscale Research announced its Top 20 list featuring assets that, in their view, have high potential* for Q4 based on upcoming catalysts, trending market themes, and token-specific fundamentals featuring Akash $AKT.
  
  
  

  

  
  
  Akash - Sovereign infrastructure that scales • The first Supercloud to provide permissionless access to cloud resources.

  
  
  
  

• Initia is excited to announce our $14M Series A fundraise
  Initia has completed three rounds of fundraising over two years while maintaining a 15% investor allocation. Initia emphasizes on community ownership and acknowledges early supporters including Binance Labs, Nascent, Figment Capital, Big Brain VC, and a_capital.
  
  

  

  
  
  Initia welcomes a new group of angel investors, featuring notable figures in the crypto space such as PrimordialAA, gametheorizimg, and nosleepjon. A TechCrunch article by Rita Liao explores Initia's Series A funding, the company's vision, and Theory Ventures' involvement. Tomasz Tunguz's Theory Ventures has invested $12 million in Initia, which is described as the "iOS for Web3.
  

• Initia's $2.5M Community Round
  Initia raised $2.5 million in under two hours on Cobie's Echo platform, following a $14 million Series A round. The Echo fundraise was conducted through a token purchase agreement at a $250 million valuation, 28.57% lower than the Series A valuation.
  
  

  

  
  
  
  Echo, launched in April, allows projects to raise funds from a broader audience, aiming to prevent concentrated venture capital ownership. Initia's co-founder Zon emphasized the importance of community engagement and low insider supply, with only 15% sold to early contributors.
  
  The raise attracted around 800 participants, with a $5,000 investment cap per person, marking Echo's largest single group allocation to date. Initia is developing a Layer 1 blockchain and a platform for interwoven optimistic rollups.
  

• Nomic Brings Decentralized Bitcoin Natively to Berachain
  Nomic has launched nBTC on Berachain, following its Ethereum upgrade, making Bitcoin natively available as an ERC-20 token. This integration supports Berachain’s Proof of Liquidity model, utilizing Bitcoin’s significant market presence.
  
  

  

  
  
  The bArtio testnet hosts a growing ecosystem where developers can utilize Interchain Deposits to create Bitcoin deposit addresses, simplifying the process of transferring Bitcoin to Berachain. Additionally, Nomic’s decentralized custody allows projects on Berachain to develop BTC-backed assets, effectively introducing Bitcoin DeFi to the platform.

• SEDA Bi-Monthly Engineering Update
  SEDA's latest engineering update showcases progress towards mainnet v1.0. Highlights include public demos of rapid oracle feed deployment, step-by-step tutorials, SDK upgrades, and explorer UI improvements.
  
  

  

  
  
  The release of devnet v0.3 enables data providers to deploy proxy nodes for self-managed integrations. SEDA is participating in the Chain Abstraction Hackathon, offering bounties for creative omnioracle feeds. The update also mentions ongoing efforts to onboard private data providers and improve the explorer's functionality.
  

Earning Opportunities! Galxe quest, Giveaway and NFTs

• Sei <> Jumper
  Jumper, in collaboration with Sei Network, is launching "Super Seiyan Week," a three-week DeFi initiative offering 1.1 million $SEI in incentives. Following their successful SuperFest event, this program aims to reward users for completing missions on their Jumper profile.
  

  

  
  Participants can earn yields by engaging with partner protocols including DragonSwap, Jlyvrs, Silo, Yei Finance, and Filament Finance. Each completed mission also grants 3 XP points. This initiative combines yield farming opportunities with gamification elements, encouraging users to explore various DeFi protocols within the Sei ecosystem.

A Galaxy of Opportunities

• Creator Fund Parallel Rounds 3 & 4
  Sei Foundation has launched Rounds 3 and 4 of its $10 million Creator Fund, offering $500K in total funding. Round 3 allocates $250K for developer ecosystem projects, including educational content, developer tools, smart contract development, and community support resources. Round 4 provides $250K for Web3 gaming content creators, focusing on content series, gaming campaigns, and community collaborations.
  
  

  

  
  
  The Sei GG: The Legendary Gauntlet gaming competition runs alongside Round 4, offering $50K in prizes. Applications are managed through separate Gitcoin platforms for each round, utilizing a quadratic funding model. An Application Committee will review projects before community voting begins. The Sei Community Grants Telegram Group offers support channels for pitch scheduling and collaboration requests. Applications close on October 3rd at 12 PM EST, with a 3,000 $SEI referral bonus for top 10 placements.
  

  
  

  
  

• HACKSECRET IV
  HackSecret 4, hosted by Secret Network, is starting on September 16th and will run until October 16th. This hackathon focuses on Decentralized Confidential Computing (DeCC) and offers a $12,000 prize pool.
  
  

  

  
  Participants can choose between two tracks: Native dApps and Cross-chain dApps. There will be weekly workshops and office hours to assist developers throughout the event. To join, interested individuals can register on the DoraHacks platform.
  
  
  
  
  

• Sei Foundation Launches $50 Million Japan Ecosystem Fund to boost Gaming, Social, and Entertainment Sectors

  
  The Sei Foundation launched the $50M Japan Ecosystem Fund to support early-stage and scaling startups in Web3 gaming, social, and entertainment on Sei Network.
  
  Announced at "Sei Web3 Day for Japan" in Tokyo, the fund aims to enhance Japan’s crypto space and remains open to innovative blockchain projects beyond these sectors. Apply here
  
  

  

A Universe of Airdrops

The cosmos is alive with airdrop excitement.

• SOAR Chain announced its migration to Solana, maintaining the planned airdrop for ATOM, TIA, AKT stakers, and milkTIA holders. The token generation event is set for November 8th, with the eligibility snapshot taken on January 5th, 2024. Minimum staking requirements are 40 ATOM, 40 TIA, 50 AKT, or 20 milkTIA.

Everything Testnet

• 3D Playground testnet is live!
  Dymension has launched the 3D Playground, a significant upgrade aimed at creating an Internet of RollApps. This testnet will unfold in three phases, with Phase 1 focusing on deploying RollApps as easily as tokens. Access to the Playground is currently limited to community members who stake 5 DYM on mainnet.
  
  

  

  
  
  The upgrade introduces a new method for deploying permissionless RollApps, designed to be seamless and fast. RollApp creators can be non-technical, with an operator’s market available for those seeking assistance.

  
  

• Tabi Testnet-V2 "Yoake" is now live

  Join the Testnet V2 Carnival by adding Testnet V2 Yoake to your Metamask. Complete missions across various projects like Ninjiax DEX, Wanderer and Wizzwoods games, and TabiZoo Miniapp to earn Carnival Lottery Tickets.
  
  

  

  
  
  Each task rewards you with a ticket, increasing your chances to win a Tabi Mininode. The faucet allows users to claim $TABI once daily, with a total daily cap of $600,000. Complete all six initial missions for additional rewards. Upcoming missions include Nowhere3, Sali NFT Marketplace, and Beanco Launchpad. Get involved for exclusive rewards and enjoy the journey!
  
  
  
  

Cosmos IBC Analysis

Over the last 7 days, IBC value transfers peaked at $26.6 million on Osmosiszone, followed by $13.2 million on Cosmoshub, $12.2 million on Axelarcore, $4.9 million on Akashnet, and $4.2 million on SecretNetwork.

Shout out Cosmsolytics

Key Governance Votes on IBC-Chains  

• VOTING IN PROGRESS: Akash 2024 Q4 Community Support Proposal

• VOTING IN PROGRESS: Funding Proposal: Support Development of Apello (Corrected Proposal)

• VOTING IN PROGRESS: Osmosis proposal summary

  And remember, for an optimal staking experience, choose WhisperNode as your validator