Some news from around the ICON Republic to start your week.
Karma DAO Approved
ICON’s P-Reps have voted to approve funding for KarmaDAO, a DeFi 2.0 project led by development team protokol7.
KarmaDAO aims to “help enable protocols to establish their own protocol owned liquidity while still providing benefits for the network participants – users.”
DigitalDave provided a very helpful Twitter thread introducing readers to the project and the concept of DeFi 2.0, i.e., Protocol Owned Liquidity, as pioneered by OlympusDAO.
With the project approved, this should give the ICON Network another major DeFi platform.
ICON Foundation Joins Efficient Frontier Funding Round
Earlier in the month, the ICON Foundation joined Animoca Brands, Kyber Ventures, Starkware, Alameda Research and Collider Ventures to invest in an eight-figure funding round in Israel-based algorithmic market maker Efficient Frontier.
Efficient Frontier plans to use the money “to build the world’s most powerful autonomous trading system for digital assets,” according to its post on Medium.
Roei Levav, Efficient Frontier’s CEO, said:
“We felt it was the right moment to ask meaningful partners to take part in our journey, believing in our shared path and ability to make the world of crypto more liquid, and thus more connected.”
The ICON Foundation’s Min Kim said:
“We are very excited by what is being built at EF. We are confident that this team will continue to lead the way for digital asset trading in both CeFi and DeFi markets for ICON and many top blockchain projects.”
Daeki Lee on NFTs
Reimagine v11.0 talked with a number of experts about how NFTs are disrupting different industries.
Anyway, ICON’s head of ecosystem, Daeki Lee, gave his opinion on whether NFTs can be applied to physical space, for example, with the fractionalization of real estate (see 13:51 of the video).
To make a short story even shorter, he thinks it makes sense, but the technology might not be completely there yet. And this is why digitally native NFTs are seeing more traction.
“I think those physical items being tokenized into NFTs makes sense. I think real estate is a great example. Or ticketing is another great example,” he said. “I think the tough part, though, is the link between the physical world and the on-chain world, and how you make sure these two are both true in a trustless manner. And I think that part still hasn’t been fixed.”
Vaccination Info App Video
ICONLOOP has released a video introducing its newly released COVID-19 vaccination certification service.
The new service uses the MyID platform ZZEUNG, and also works with ZZEUNG-based Jeju Safety Code.
With this service, you can safely save and manage your vaccination status — verified by the Korea Disease Control and Prevention Agency (KDCA), Korea’s equivalent of the CDC — on your mobile device.
