Migration from Neo Legacy to the Neo N3 MainNet officially began on Monday, Aug. 9, 2021. Users that initially migrated assets were able to start participating in Neo N3’s governance mechanism immediately. Users were recommended to vote for candidates that will best represent their values in Neo’s governance. 10 community-operated nodes comprised the initial council composition in addition to 4 NGD nodes and 7 NF nodes.
Neo paused the migration of tokens from Neo Legacy to Neo N3 following an attack on the Poly Network cross-chain protocol that led to the theft of over US $600 million in assets. Poly Network is the cross-chain bridge that facilitated the migration of tokens from Neo Legacy to Neo N3. NGD noted that all NEO, GAS, NEP-5, and wrapped assets on Neo were safe from the attacker.
NNT Catch Up
Neo News Today hosted Humswap founders, Mario Lopez and Jason Tezanos, on episode 59 of the NNT podcast. Humswap is a DeFi and NFT platform, and Excellence award winner from the Neo Frontier Launchpad. Discussion topics included Jason and Mario’s backgrounds in blockchain and PayPal, the inspiration behind Humswap, their experience building on Neo N3, and much more.
In the episode, the duo discussed how they want to give NFTs utility and purpose on their forthcoming Neo N3-based DeFi platform. Humswap will offer liquidity pools for various tokens, a marketplace for NFTs, and token swapping. It will also provide an opportunity for users to play games and win prizes. The founders plan to integrate unique uses for rare NFTs, such as incentivizing liquidity providers with NFTs that multiply LP rewards or offering bonuses within games. Ultimately, the duo seeks to integrate new utility into NFTs that will encourage more users to engage with the Humswap platform.
GhostMarket launched the second version of its cross-chain NFT marketplace and explorer, which implemented new features and UX improvements. The new version of GhostMarket features an all-new brand and design, with an emphasis on filters and ease of navigation. Among the most prominent updates were improvements to GhostMarket’s buy/sell cart. The cart now allows users to buy or sell any amount of NFTs in bulk from various wallets.
COZ released Neon wallet v2.7.4, which introduced support for the Neo N3 MainNet and TestNet for the first time. The update included a few design improvements and a new toggle on the login screen, which can switch between wallets for Neo Legacy and Neo N3 networks.
Aug. 9, TranslateMe announced it was included in the Machine Translation section of the Nimdzi Language Technology Atlas, designed to help companies in the language industry navigate more than 700 language technology solutions.
Aug. 10, O3 Labs added support for O3 Swap on the desktop version of the O3 Wallet.
Aug. 10, Poly Network suffered an attack that resulted in the loss of approximately US $611 million in assets across the Ethereum, Binance Smart Chain, and Polygon blockchains.
Aug. 10, SlowMist released a report entitled ‘The Root Cause of Poly Network Being Hacked,’ which noted an exploit between contracts as a potential source of the hack.
Aug. 11, TranslateMe added support for the Japanese language to its API.
Aug. 11, Poly Network announced that approximately $342 million of its stolen funds had been returned, mainly on the Binance Smart Chain and Polygon blockchain networks. The team noted that the remaining $268 million in stolen funds remained on the Ethereum blockchain.
Aug. 11, Switcheo proposed a TIP that will upgrade its nodes to v1.19, which included chain improvements, API node changes, and bug fixes.
Aug. 12, Demex integrated new UI updates on the non-custodial exchange, which included exchange history, incoming deposit notifications, wallet balance fixes, and more.
Aug. 12, Poly Network announced the attacker had returned all of the stolen funds, except for approximately $33 million USDT that Tether froze.
Aug. 12, GhostMarket announced the NFT marketplace and explorer platform was fully translated into Dutch, French, Spanish, Portuguese, and Italian, with several more languages on its road map.
Aug. 13, TranslateMe announced a beta testing partnership with New View, which formed its first such collaboration. New View’s translation bot operates in the Discord messaging application and has more than 400,000 active users.
Aug. 14, Poly Network released a roadmap that detailed the next steps for interoperability protocol, which included patching vulnerabilities, upgrading the MainNet, asset recovery, and resuming services.
Aug. 14, Ghost Market announced it has taken the steps necessary to become a candidate for the Neo Council.