COMMUNITY

Month at a Glance | August 2023

A breakdown of the latest happenings and significant milestones taking place within the Tezos ecosystem for the month of August 2023.

By William McKenzie

TEZOS COMMONS

1,450 words, 8 minute read

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Welcome to our latest issue of Month at a Glance where we give a quick breakdown of the latest happenings and significant milestones taking place within the Tezos ecosystem on a monthly cadence.

August 2023 was yet again a big month for technical development and adoption with new technical features that were introduced and coming soon to the Tezos ecosystem such as adaptive issuance, a new staking mechanism, and Tezos Ecosystem DAO updates.

Let’s break it all down.

Ecosystem Insights #

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The Oxford Protocol has Arrived #

The Tezos blockchain ecosystem stands at the precipice of a large transition with the forthcoming “adaptive issuance” feature, which is an integral part of the 15th protocol upgrade known as “Oxford”. Cryptonio did an amazing job highlighting the complex nature of adaptive issuance in his recent article.

The concept of adaptive issuance marks a deviation from Tezos’ existing model of issuing new tez. It connects tez issuance with security measures and encourages active participation. Upon the implementation of the Oxford upgrade, adaptive issuance has the potential to fundamentally transform Tezos’ economic framework.

Tezos Ecosystem DAO Updates #

The Tezos Ecosystem DAO has reached a noteworthy milestone by joining The PASS, an aggregator of DAOs that provides valuable information about numerous DAOs on different blockchains. This acknowledgment highlights the important position that the DAO holds within the Tezos ecosystem.

As the DAO is still in its early stages, it welcomes input to fuel its development. This may involve considering alternative approaches such as grants or funding through inflation mechanisms.

To that end, Tezos Commons has also recently secured a significant grant of aproximately 72,000 tez from the Tezos Foundation to further support the DAO’s initiatives. The grant, exclusively intended for the Tezos Ecosystem DAO, has been deposited into the DAO treasury, bolstering its potential for ecosystem grants.

The Tezos Ecosystem DAO is actively inviting participation from the Tezos community, including artists, developers, builders, gamers, and more, to propose ideas for funding. Those with innovative concepts, projects, or suggestions deserving of funding are encouraged to share their proposals on Tezos Agora.

If you have a good idea for something to help grow the Tezos ecosystem, make sure to apply for funding!

News from the Tezos Ecosystem: Quick Bits #

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Blockwatch Data announces TzGo SDK v1.17

Introducing Blockwatch TzGo SDK v1.17, supporting Tezos v17 Nairobi protocol. This new version features the addition of a transaction simulation RPC endpoint which performs estimations on how much gas, storage, and fees a transaction must pay to not fail. Also with the update, a preview of the TzGen code generator which simplifies Tezos contract interactions in Golang by generating interface bindings.

fx(hash) raises $5M in a seed raise

Fxhash, a platform for generative art, has successfully concluded a $5 million seed fundraising round led by 1kx and featuring investors like Fabric Ventures and Union Square Ventures. Fxhash intends to use the funding to expand its offerings to Ethereum and launch “Fxhash 2.0,” allowing users to choose between Tezos and Ethereum for minting artworks.

Tezos Spotlight is coming back!

Our weekly content here at Tezos Commons will now be featured not only on Medium but on the Tezos Spotlight platform as well. In case you aren’t familiar with Tezos Spotlight, be sure to head over to the Tezos content hub!

Tezos is now featured in Binance Feed

A new feature released for users of the Binance platform: Binance Feed shares insights across different crypto asset ecosystems supported on the exchange’s platform. Since tez is a supported asset, all Tezos-related content and updates will now be relayed to Binance users!

Randi Zuckerberg embarks on the Tezos NFT ecosystem

In case you’re unfamiliar, Randi Zuckerberg is Facebook CEO Mark Zuckerberg’s sister. She’s recently highlighted how she’s discovered the Tezos NFT scene and is adamant about collecting pieces and getting involved. Welcome Randi! We’re sure you’re going to love the art scene on Tezos.

Protocol Oxford is here

Tezos protocol proposal “Oxford” has been announced as the 15th on-chain upgrade. Key changes include the introduction of “Adaptive Issuance,” adjusting tez issuance based on the ratio of staked tez to the total supply, and a new staking mechanism with the addition of the “staker” role. Other improvements encompass refinements to proof-of-stake penalties and rewards, the re-enabling of timelocks to mitigate MEV exploitation, enhancements to Smart Rollups, and a signaling vote for AI activation, requiring 80% consensus.

The Tezos Ecosystem DAO is now listed on The Pass

The Tezos Ecosystem DAO has been added to The PASS, a DAO aggregator showcasing thousands of DAOs. This DAO, operating on Tezos mainnet through Homebase, enables community members to propose funding ideas on Tezos Agora and involves entities like Trilitech, Tezos Foundation, and more for voting and funding decisions.

The Teia DAO token distribution period has started

The Teia Ecosystem DAO is distributing its first batch of Governance Tokens ($TEIA) between August 20th and November 20th, 2023. These tokens grant voting rights within the DAO and can be claimed by community members who meet certain eligibility criteria through the official token claim page teia.art/claim.

Youves releases a gold tracker for Tezos

The uXAU engine is now live on the Tezos mainnet, introducing the first gold tracker and synthetic asset on Tezos. It enables users to mint uXAU tokens by locking up USDT as collateral, offering a unique opportunity to participate in this innovative asset.

The Tezos Ecosystem DAO secures new funding

Tezos Commons secures a grant of ~72,000 tez from the Tezos Foundation to kickstart funding for ecosystem projects through the Tezos Ecosystem DAO. The DAO invites Tezos community members to submit proposals for funding, aiming to support various initiatives such as development tools, Dapps, games, events, and more.

Events #

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Community Rewards Program #

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The Community Rewards Program (CRP) is a Tezos Commons Foundation initiative aimed at fostering adoption and supporting the Tezos ecosystem. Every month up to 5,000 tez are rewarded to those that stand out in merit and act in the interest of the Tezos ecosystem as a whole.

In an endeavor to make it easier for community members to nominate their favorite contributors to the ecosystem, the nomination form has been drastically streamlined. Now containing only three questions, it takes less than 30 seconds to submit a nomination.

Don’t have 30 seconds? You can tag any discord message or tweet with #TezosCRP; we will collect them as well!

The categories and nomination standards have remained the same. For more information head over to the refreshed landing page here. We’ve also announced July 2023 winners, so be sure to check out the recap on that here.

Additionally, there are some exciting updates coming to the program soon, so be sure to stay tuned for those!

About Tezos Commons Foundation #

Tezos Commons is a non-profit organization with an emphasis on building communities on Tezos and supporting the Tezos ecosystem and its members. Through organizing several community-focused events, hosting infrastructure, and funding small projects, Tezos Commons has been actively contributing towards building communities on Tezos.

Learn more about Tezos Commons.

Stay in the Conversation, Stay in the Know #

Tezos Commons hosts a variety of community-oriented events and content. You can keep up to date below!

You can also contact or reach out to us on Twitter or via email at social@tezoscommons.org.