General Updates

Neo upgraded the Neo X TestNet to the Gamma version, which is intended to become the long-term supported TestNet network. This update implements a policy-based transaction fee-burning mechanism, replacing the EIP-1559 dynamic base fee model. The Gamma version also includes protocol extensions, enhanced system contract features, native bridge improvements, and documentation updates. Security audit results have led to system contract and dBFT protocol enhancements and stability fixes.

MetaCollabWin, a Web3 metaverse and real-world asset game, is joining the Neo X ecosystem. The 3D world game allows players to build a digital version of Bitcoin City and participate in side quests to earn points to upgrade digital land and characters. Additionally, Neo launched a new Galxe Quest social media campaign in collaboration with MetaCollabWin, offering the equivalent of US $200 in rewards.

TrendX announced plans to integrate Neo X. TrendX describes itself as an industry-leading AI analysis and trend tracking technology to capture investment opportunities in real-time. Neo also launched a Galxe Quest social media campaign in collaboration TrendX. This campaign offers $200 in rewards – $100 in GAS provided by Neo and $100 in USDT (on the BNB Chain) provided by TrendX.

Neobox announced plans for a Telegram app, featuring a reward system in advance of the NEOBOX NEP-17 token generation event. Users will be able to earn rewards for activities such as referring users, connecting to and interacting on Neobox’s other social media accounts, plus more.

Phoenix is hosting a meme campaign, Phoenix GenAI, in collaboration with Meme2Earn. The total prize pool is $500 in TIPS, to be split evenly among the Top 25 meme creators. The campaign is live and concludes on July 31.

COZ is also collaborating with Meme2Earn in the lead-up to the launch of Neon Wallet v3. The top meme creators will share from a rewards pool of up to $200, and the campaign is live through Monday, July 22.

Frank Coin hosted a community quiz on the team’s official Telegram channel. The top three participants each won 70 FLM, and ten random winners each won 60 FRANK tokens. Frank Coin also hosted a quiz on the Neo F1 Discord server with the same prize reward structure.

Flamingo shared statistics on top tokens traded by volume for week 28 of 2024, noting $10.33 million in volume for FLM, $6.67 million for bNEO, and $2.46 million for fUSDT.

Developer Updates

AxLabs released a video tutorial on launching an oracle network within the Neo3-PrivateNet-Docker.

NNT Catch Up

NNT released Episode 68 of The Smart Economy Podcast with Max Hillebrand, CEO of zkSNACKs, a development team dedicated to building and implementing privacy solutions in the Bitcoin ecosystem. Topics of discussion include the importance of privacy in Bitcoin, the cypherpunk ethos, why and how cypherpunks continue to thrive amid regulatory challenges, how Bitcoin is embracing the evolution of open-source innovations, the historical context of money and the need for a stable digital currency, the road ahead for privacy and innovation, and much more.

NNT co-hosted Crypto Coffee and Blockchain Beer Spaces #26 with COZ CEO Tyler Adams on the official The Smart Economy Podcast X account. Topics of discussion included the roadmap for COZ’s Neon Wallet, the positive impact of Stand With Crypto in D.C., a potential negative externality of the ETH ETF, the efficacy of prediction markets in elections, finance industry behemoths lobbying on behalf of crypto, and more.

Events

July 26: NNT editors hosting CC & BB #27 on The Smart Economy Podcast official X account.
July 30: Meme2Earn hosting Community Fireplace on its official Discord server.
July 30: Flamingo hosting Community Lagoon on its official Discord server.

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