Daily Digest - 24 February 2023

Headlines

▌Coinbase Ethereum L2 "Base" Releases 2023 Decentralization Roadmap

Coinbase Ethereum L2 "Base" released the 2023 decentralization roadmap, including: 1. Start at least one failure prover for OP Stack, use a set of validators to identify and resolve failures, and then protect Base and Optimism masters; 2. Realize the decentralized upgrade of Base and Optimism mainnet smart contracts, and it is expected to launch a security committee in which the decentralized quorum is not controlled by any single entity. 3. Start the initial version of Superchain, which can sort the transactions of Base, Optimism mainnet and any OP Stack Rollup, ensuring anyone’s right to participate in the Base ecosystem. Base said that it will advance Base and Optimism mainnet to Stage 2 rollups in 2024, making Base's degree of decentralization and security comparable to that of Ethereum. In addition, Base stated that it will not use other tokens, but will continue to use ETH as the native gas token.

Policies

▌Colombia became the first country in the world to hold court hearings in the Metaverse

Jinse Finance reported that Colombia became one of the first countries in the world to hold a court hearing in the Meta universe last week. The South American country held a two-hour court hearing in Horizon Workrooms and broadcast it live on YouTube. According to those who participated in the virtual meeting, the Metaverse hearing was a success, with Judge María Victoria Quiñones Triana of the Court of Magdalena saying that the use of Metaverse technology expedited the judicial process.

Cryptocurrency

▌SBF charged with conspiracy to make illegal political donations and defraud FEC

Watcher.Guru tweeted that SBF was accused of conspiring to make illegal political donations and deceiving the U.S. Federal Election Commission. The indictment alleges he made more than 300 illegal political donations worth more than $10 million. Additionally, FTX founder Sam Bankman-Fried faces other charges, including bank fraud charges, according to the new indictment. In the new 12-count indictment, U.S. federal officials charged SBF with bank fraud and operating an unlicensed money transmitter business, in addition to eight charges he faces.

▌NFT developer Dapper Labs lays off another 20%

NFT developer Dapper Labs will lay off another 20% of its staff, less than four months after the last layoff. In an email to investors on Wednesday, Dapper Labs CEO Roham Gharegozlou announced a "corporate restructuring" and layoffs. "As part of our restructuring, we have made the difficult decision to cut our workforce by 20 percent," he said. He also said the company is in a "good cash position with no outstanding debt." Last November, Dapper Labs laid off 22% of its staff. However, many employees had already been let go and several senior executives had left, months before the layoffs were officially announced.

▌Sushi plans to trade derivatives on the Sei blockchain in the second quarter

SushiSwap developer Sushi plans to release a decentralized derivatives exchange called Vortex on the Sei blockchain of the Cosmos ecosystem. The release is scheduled for the second quarter of 2023, which coincides with Sei’s expected mainnet launch and Sushi’s recent acquisition of Vortex. Vortex is expected to be one of the first applications on Sei, a layer 1 blockchain designed for on-chain transactions in the Cosmos ecosystem. The exchange will support peer-to-peer order matching and the use of cross-collateralization, done entirely on-chain.