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Select this week | Facebook changed its name Meta; AnubisDAO $60 million stolen; 19 NFT items will be released soon

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This week (Oct.25-Oct.31) important news, project dynamics and wonderful literature summary.

In order to facilitate readers to read the article, track the latest developments of the project, understand the market situation and study and discussion. BlockBeats will provide readers with regular summaries of quality content via the website. If you have any suggestions and comments, contributions and discussion, please feel free to contact us at the end of this article.

Project dynamic

1.An investigation is continuing into the theft of $60 million in AnubisDAO by a suspected Chinese

The community is investigating the Incident of AnubisDAO running away on October 29. Due to the huge loss of users' assets, about 13,256 ETH (usd 57,226,000), many users have tried to recover their funds on Twitter and Weibo, two major social media platforms at home and abroad.

Twelve hours after the theft of nearly $60 million from AnubisDAO, the community was still trying to contact the fraudster. CNBC contacted one of the victims, who lost $470,000 in the incident, and he said the project did not investigate the background of the project. In the current market, the strong wealth effect and sentiment made many investors choose to participate in the research before the occurrence of AnubisDAO. Rhythm reminds investors, please be careful to participate in the project.

2.Week 1 of November 2021 NFT Launch Summary: 19 NFT projects are coming soon

Billed as the "Oscars" of the NFT world, the NFT.NYC event will be held from November 1-4, 2021 in New York City, Major NFT projects such as BAYC, RTFKT, 0N1Force, Pudgy Penguins, Animetas, etc. have also started to gather in New York, which may affect many community activities.

Meanwhile, a number of NFT projects that were supposed to be released in the first week of November have been pushed back, and BlockBeats will update you as soon as the dates are confirmed.

3.Looking for dyDX's optimal fee consumption strategy, how can we achieve the highest mining revenue?

This paper mainly studies the mathematical model of the decentralized derivative trading platform DYDX in the field of cryptocurrency, trying to find the best fee consumption strategy. Through the calculation and analysis of the best returns of three accounts with four kinds of DYDX prices, it is found that when the ratio of the mining cost of a single DYDX token to the price of DyDX is equal to 70%, Mining is the most profitable.

Market Information and Industry Thinking & NBSP;

1.A16z-invested FWB DAO: Entry into the digital world

什么是FWB？FWB的门槛高吗? Friends With Benefits，直译为「有好处的朋友们」。 9 月获得了来自 a16z 等几家顶级投资机构一千万美元的投资（估值一亿美金）。

2.Facebook changed its name to Meta, the ultimate combination of virtual and real

On October 29, Facebook co-founder and CEO Mark Zuckerberg officially announced the company's name change to "Meta" at the Facebook Connect developer conference on Wednesday, It also announced that the company's ticker symbol would change from "FB" to "MVRS" effective December 1.

Meta is the prefix of Metaverse, and represents Facebook's metasverse ambitions. Facebook has been in use since Facebook was founded in 2004. The social networking platform has over 2 billion users worldwide. Seventeen years later, the All In Metaverse.

3.Bitcoin's Taproot is wider than you think

Bitcoin's Taproot soft fork upgrade will be activated at Bitcoin block height 709632 (expected on November 15, 2021). This update contains a lot of important and wonderful content, but not enough attention in the Chinese-speaking world. This article will briefly introduce Taproot's upgrade from a technical point of view, and reflect the development direction of Bitcoin.

The common claim is that Taproot improves bitcoin's privacy, smart contract functionality, homogeneity, and so on. But to understand the Taproot upgrade's content and imagination, we need to know something about Bitcoin.

4.Mable, partner, Multicoin Capital: Web3 labor market through on-chain reputation system

梳理自 Multicoin Capital 合伙人 Mable Jiang 在个人社交媒体平台上的观点，「Web3 劳动力市场」到底是什么意思？如果市面上有一千或一万种以上的 DAO，那人们该如何找到他们想要做的事情？如果人们不能在短时间内过滤找到他们感兴趣的项目或计划，那么需求的产生也会变得很弱。

Today's Web3 labor market is composed of credit credential layer, labor supply and demand organization layer and cross-organization coordination layer. Of course, the Web3 world is still constantly updated and evolving.

Do Our Own Research

1.DeFi Liquidation Research: Incentives, Risk, and Instability

Financial speculators tend to increase their potential returns by seeking increased leverage. Debt is a popular form of leverage. Meanwhile, the DeFi lending market is booming and its total lock-up value (TVL) has surpassed $39.8 billion. However, the emergence of debt will bring a new risk, namely liquidation risk. In this process, the pledge user will sell the debt pledge to the liquidator at a discount.

At present, there is little quantitative insight on clearing mechanisms in the market. This article explores the breadth of the Ethereum lending market, starting with Aave, Compound, MakerDAO, and dYdX, which account for 85% of the ethereum lending market.

2.A world swallowed by apps, the rise of decentralized cities

Software breaks down all kinds of restrictions and changes the way people live and think. As value generation moves from offline to online, "finding the next Silicon Valley" seems less important.

In the past, silicon Valley had a high concentration of talent due to its proximity to top universities, so high-tech companies chose to base their headquarters there. This also attracted more talent, creating a network effect. Now, when people can do whatever they want with software, all we need is an offline gathering point, and high-concentration areas around the world can become Silicon Valley.

3.The gig economy: When the office day is a thing of the past

The uneven matching of resources due to inefficient information transmission has branded the gig market as unreliable, uncertain and hungry. However, the "996" and "007" system ensures People's Daily basic income and reduces the cost of recruitment, training and negotiation, but the lack of freedom and inflexible working environment makes "groping" a norm.

The "opportunity cost" of this locked up resource is getting higher and higher, and as technology advances, this value will gradually be released by the new economy. The gig economy is one of them.