Aug 16The power of blockchain lies in communityGreetings! As one of the key ecosystem players, we are pleased to support the TON Believers Fund community initiative. In essence, TON Believers Fund’s goal is to revitalize TON tokenomics, making the ecosystem more appealing for users, investors, and builders. …The Open Network2 min readThe Open Network2 min read
Aug 7GameFi and User MonetizationCurrent monetization features Play-to-Earn (P2E) model: Gamers can earn rewards by participating in games and completing missions or tasks. These rewards can be traded or sold on various marketplaces. In-game purchases: Gamers can buy virtual items, weapons, armor, and other assets using in-game tokens or cryptocurrencies. …Cryptocurrency6 min readCryptocurrency6 min read
Jul 26The State of TON DeFi Q2 2023This public article is the result of an internal report conducted by First Stage Labs. Accelerating Blockchain Startups to Escape Velocity. https://fslabs.io TLDR: TON Foundation’s Liquidity Mining Campaign caused a surge in TVL with a substantial increase of 30.4% compared to the previous quarter. …The Open Network11 min readThe Open Network11 min read
Jul 13Oracles: Revenue and TokenomicsKey takeaways: The typical revenue model involves validators setting a fee for a data request to cover their gas and maintenance costs, while users pay for each request. Validators use the platform’s token as collateral, and the protocol selects the validator with the most staked tokens to fulfill the request. As a…The Open Network17 min readThe Open Network17 min read
Jul 6Synthetic Assets: The Promising Frontier of On-Chain Financial EngineeringTLDR: Perpetual futures on popular cryptocurrencies like ETH, BTC, BNB, MATIC, and SOL, along with highly liquid TradFi assets such as forex pairs, gold, and S&P E-mini, demonstrate strong potential drivers for adoption. …Cryptocurrency14 min readCryptocurrency14 min read
Jul 4Crypto Market Research: Malaysia, Indonesia, BrazilNote from First Stage Labs: This public article is the result of an internal report conducted between May 2023 and June 2023. How We Collected the Data This report provides insights from market research conducted in Malaysia, Indonesia, and Brazil. The findings are derived from in-depth interviews with crypto investors and traders. …Cryptocurrency7 min readCryptocurrency7 min read
Jun 7Stablecoins: Collateralized vs AlgorithmicStablecoins are growing in importance as they account for an increasing proportion of the total crypto market cap, currently exceeding more than 10% (source). They provide a means of transferring value in a decentralized and trustless manner. They offer a way for traders to hedge against market volatility, facilitate the…The Open Network20 min readThe Open Network20 min read
May 29The State of TON GameFiHistory of GameFi In 2022, the GameFi industry experienced substantial growth and innovation. The aggregated market capitalization of all GameFi tokens reached a significant milestone of $25B on April 1, 2022. While this figure did not surpass the industry’s all-time high of $36B from November 2021, the resilience of the sector is evident…The Open Network8 min readThe Open Network8 min read
May 25MENA Region: Web3 EcosystemThe Middle East/North Africa (MENA) region has become a hub for Web3 technology due to several factors, including a large and youth-heavy population, widespread mobile and internet usage, rapid digital transformation, growing interest in cryptocurrencies and blockchain, and a strong entrepreneurial culture. These factors combined have created favorable conditions for…Cryptocurrency14 min readCryptocurrency14 min read
Apr 20The State of TON DeFi Q1 2023The first quarter of 2023 has been an exciting period for the decentralized finance (DeFi) ecosystem of TON. We have seen the launch of new projects and increased TVL performance when compared to peer blockchains. …Cryptocurrency10 min readCryptocurrency10 min read