Zilliqa is proud to announce a $10 million Creator Fund to invest into individuals and projects at the very core of the creator economy.

This is launching in Q3🔥🔥

Missed the #ZIL4ALL celebrations?

Fret not because our friends at HouseOfChimera (https://t.me/HouseOfChimera) has done a fantastic job in recapping it on LearnBlockchain.org!

Read the quick 5-min recap here:
https://learnblockchain.org/5125/test/

Didn’t Manage to Catch the #ZIL4ALL Celebrations?

Here’s a quick recap video that captures the key highlights of the 3 hour long event!

A huge thank you to all our partners for joining us and making this a successful event🔥🔥

Watch it Here👇🏻👇🏻:
https://www.youtube.com/watch?v=AzkYvtcnQxs&t=1s&ab_channel=Zilliqa

⭐️ZILLIQA Q2 2021 ECOSYSTEM GROWTH REPORT⭐️

 In the second quarter of 2021, Zilliqa not only persevered in the face of a bear market, but actively enriched its economy and offerings. The proof lies within the Q2 Ecosystem Report. https://docs.zilliqa.com/ecosystem-growth-report-2021-Q2.pdf

We added to our global team. We diversified our revenue streams with the addition of tokenisation and creator economy solutions. We recorded steady growth across community projects, our ZilSwap DEX, seed node staking, new tokens powered by ZIL, social-media, DeFi projects and much more.

In fact, the report highlights were also shared during ZIL-4. If you missed it, check it out at https://www.youtube.com/watch?v=n7a0YtlpxiI&t=1269s

🎆 Great event, we are collaborating with DuckDuck and launching the contest for 39th canvas!

🦆 Draw your best duck on this one and win cool prizes on the #ZILALL Community Discord Server

1️⃣st place – 1 Free NFD + 0.2 $DUCK

2️⃣nd place – 150 $ZWALL

3️⃣rd place – 0.3 $DUCK

🗳 Voting will take place in a special channel on ZILALL Community Discord Server

💜🦆 In order to get access, get the roles of "ZILWALL FOLLOWER" and "DUCKDUCK FOLLOWER"

Hey Zilliqans!

Didn’t manage to catch the #ZIL4ALL celebrations last Friday? This July 2021 Newsletter is for you.

In this edition, we’ve prepared a recap video to highlight the key events that happened in our #ZIL4ALL anniversary celebrations.

Check it out here on our blog:
https://blog.zilliqa.com/zilliqa-monthly-newsletter-july-2021-the-zil4all-edition-8cd6729cb12f

https://twitter.com/ZilSwap/status/1423222642710958091

Mark your calendars #Zilliqans, because it's gonna be one hell of a #ZILOFireRocket

📰 https://bit.ly/zilo2-zilliqaroyale

$BLOX token will facilitate more than just the Minecraft bridge, we will be bringing #zilliqa to the world's most popular game engines as well!

Over 48% of ALL games are build with
unity3d, which will have easy access to the #zilliqa blockchain and item tokenization using $BLOX.

Starting with Unity we'll be developing an open-source asset which can connect ANY Unity game to the Zilliqa blockchain.

All games making use of this asset will by default use the $BLOX token as it's main currency and way of interacting with the modular marketplace.

https://twitter.com/ZilFlip/status/1424639335807262720

Weekly Altcoin Update – Week 32
This week’s altcoin update will focus on the Zilliqa NFT Ecosystem!

DeMons
DeMons is one of the promising projects that is launching on the Zilliqa ecosystem. The project consists out of hand-drawn NFTs, that are part of the DemonVerse. The project consists out of 5 different NFT races, of which two are publicly announced; GodZilliqas and CryptoApes. The project will utilize their native token $DMZ for utility and governance, NFT holders get $DMZ by just holding the NFTs.

XCAD Network
The XCAD Network is ramping up, and Q3 is going to be full of announcements and developments. The upcoming few weeks will be fairly interesting for the project in terms of adoption, integrations, and newly added features of the ecosystem. House of Chimera is looking forward to the upcoming weeks and will keep updating our community on the developments.

UFFS Sports
UFFS Sports is lately welcoming quite a few new athletes to their ecosystem. The project is actively partnering up with new partners, thus creating value for the project. The upcoming fantasy sale on Sept 10-12 is going to be a massive event for UFFS Sports, and hopefully, it will be as massive as the last fantasy sale event.

Zilliqa x PolyNetwork
The upcoming Zilliqa <-> ETH bridge utilizes the PolyNetwork tech, however, PolyNetwork has been a victim of a 600 million USD hack today. The Zilliqa team is actively monitoring the situation and is waiting for the story to unravel. We have asked Amrit about his stance on the current situation.

[“As the details around the exploit are still unclear at this stage, we are actively monitoring the situation. Until more info is released, it is difficult at this stage to comment on whether or not this will impact the upcoming bridge.]”

🗣 Socials
- Telegram discussion
- Follow us on Twitter
- Join our Discord

Weekend Spotlight: XCAD Network

The XCAD Network ecosystem is rapidly evolving in an innovative social platform, where content creators and their fans can interact with each other. It opens up a new untapped revenue stream for content creators, while it allows fans to be more engaged with their favorite content creator!

The upcoming few weeks are packed with announcements, until the end of Q3. House of Chimera is interested to analyze the current adoption of XCAD Network to determine the growth of the ecosystem.

Bandwagon effect
The design of the XCAD Network ecosystem has a strong emphasis on the adoption of content creators. They play a major role within the ecosystem, therefore the platform must have a steady increase in adoption by content creators. The value of the XCAD Network token depends on the adoption of content creators, and it’s fans. The token is being used as means of payment for the content creator tokens on the XCAD DEX, therefore creating organic demand. The psychological ‘Bandwagon’ effect could occur when XCAD Network is attracting big content creators to their platform. The bandwagon effect is a cognitive bias that causes people to think or act a certain way if they believe that others are doing the same. Essentially, you could simplify this down to the ‘follow the crowd effect’ whereby people tend to follow influential people.

Adoption by content creators
The current adoption of XCAD Network by content creators is considerable, and this will only grow whenever the platform goes live. As stated above, it is expected that many small- and medium-sized content creators will follow their favorite content creators to adopt the XCAD Network into their business model. The current reach of the content creators of XCAD Network is ~135 million, which equals to 10 countries in Europe, as highlighted in the figure below.

Sidenote: House of Chimera didn't include the alt channels of the content creators, if these were included the total subscriber amount will be above 150+ million.

🗣 Socials
- Telegram discussion
- Follow us on Twitter
- Join our Discord

Got any 🔥Burning Questions🔥 to ask Amrit?

Ask away with the #ZilliqaXLayah on Twitter or reply to the linked tweet below!

Catch Amrit live in his AMA with Layah Heilpern tomorrow 18 Aug 4PM UK Time!

See you there 😊

https://twitter.com/zilliqa/status/1427228218113748999

Dear Zilliqa Community,

There is an issue with the mainnet currently. We’ve noticed that shard nodes have dropped off and are checking. The network is progressing and we are currently monitoring it very closely.

Transactions are blocked from the current block 13366008 till 1366100 (around the next 30 minutes) so that the network can resume with more shards.
We will keep you posted when it resumes again.

The Zilliqa Team

Dear Zilliqa Community

Transactions have resumed as of block 1366100.

Thank you once again for the support and patience.

The Zilliqa Team

📖 Sunday Read from Amrit Kumar

NFT and social token thesis for the $ZIL ecosystem: Celebrities and influencers carry as much value as any goods, product or services. In the blockchain world, it has started to give rise to the rebirth of NFTs which has naturally extended to social and fan tokens.

We are witnessing the early signs of a decentralised creator economy which enables influencers, artists and in fact anyone to monetise themselves. Their ‘virtual’ value becoming tradable on a “humanised stock market” that enables trading of ownership or belonging to a community.

Creators in this economy get adequately recognised and rewarded for their skills, authenticity, ability to engage a large fan base and general know-how by having a direct access to their fans. Fans on the other hand can extract value for their contribution to creators' success.

To execute on this thesis, the community and the core team have to come together. Execution will be in phases that could very well overlap. In fact, we can already see some of the implementation within the ecosystem, some started by the core team and more by the dev community.

Let me elaborate a bit on how I see these phases come together:

Phase 1 (aka Build the Basics Phase): In this phase, we focus on building the basic tools to make sure that the ecosystem and the community has the needed infrastructure, tools and other resources available.

I firmly believe that the success of the rest of the initiatives will heavily depend on the UI and UX of the tools and infra we build in this phase. There are a few key infrastructures that will be must:

1️⃣ NFT marketplaces
2️⃣ NFT wallets
3️⃣ Contract standards
4️⃣ Indexing tools

Let's take NFT marketplaces for example. An ideal NFT marketplace must support:

1️⃣ Easy access to NFT wallets
2️⃣ Easy exploration of NFTs in all wallets
3️⃣ Blind and public auctions
4️⃣ Limited edition NFT drops
5️⃣ Bonding curve NFT distribution
6️⃣ Payment in Fiat and Crypto
7️⃣ Royalty fees for secondary NFT sales
8️⃣ Allow businesses to create a whitelabeled solution if needed with similar backend/smart contracts. This will be handy to build curated marketplaces that are less open.

On a similar note, an ideal NFT wallet must have the following characteristics:

1️⃣ Mobile first
2️⃣ Magic, Zeeves, ZILPay and Moonlet login integrations
3️⃣ Ability to view and manage NFTs easily
4️⃣ Connect the wallet with the NFT marketplace

Phase 2 (aka Growth Hacking Phase): In this phase, we ought to focus on building a community that supports the idea of NFTs and fan tokens. Without a supporting community that has a critical size, it is impossible to go any further. As any further building will not see traction.

he idea will be to build a community of collectors, fans, curators, artists and enthusiasts from all walks of lives. But, we won't be able to build a community without the right products and growth incentives to drive the demand for those products within that community.

To this end, the core team and the community should come together and take initiatives like:

1️⃣ Build products to drive NFT volume on marketplaces.
2️⃣ Set up a Creator’s Fund run as a DAO, the ownership of which can be tokenised and be tradable on ZILSwap.
3️⃣ Create incentives for people to engage with NFTs and social tokens.
4️⃣ Create a market for NFT creators which encourages creators to create more assets knowing that there will be a market for their assets.

Phase 3 (aka Advanced Building): This is the phase to go crazy. For example:

1️⃣ New NFT application directions
2️⃣ Decentralised Patreon for everything
3️⃣ Decentralised social media
4️⃣ Use DeFi to solve NFT liquidity
5️⃣ Collectible games

We're seeing great work in all phases. Marketplaces like Mintable, Okimoto. Wallets like Sparda. NFT products like Elons, DeMons, ZilDuck , ZILStarts, and social tokens like UFF Sports, Xcademy Official. And a lot many are also being supported by ZILHive.

Let's keep building and bring more users to each of these products and to those which will come in the near future.

Cheers!

Amrit Kumar

🧬 ZilWall On-chain Social Platform – Stage 1. Profiles

😎 Create your unique profile, use add-ons for the name, add an avatar, like and follow to your favorite artists

💯 100% on-chain #PoweredByZil smart-contracts

–––

1️⃣. Profiles

🆔 Create your unique profile. Apply additional username utilities, add a photo, description and links to social networks. All information is stored on the Zilliqa blockchain.

* $ZWALL deposit only. You can always withdraw it, but then your profile will be cleared

–––

2️⃣. Followers

⛓️ Follow the updates of your favorite artist, participate in his boards*, view his arts*.

* Will be available with further updates

–––

3️⃣. Rating

🔝 Like artist's profiles, this increases rating in the list of users.

🔥 Burn $ZPAINT to perform social activity.

–––

4️⃣. Search

🔎 Search for an artist's profile by name or wallet address in the list of users.

https://twitter.com/ZilSwap/status/1432316377298182153

Mark your calendars for 6 September 🗓
Because the DeMons ZILO will be LIVE!
Be a part of the token launch offering for the first yield-generating, dynamic NFT in the Zilliqa ecosystem. GameFi and NFT fans, you're going to love this project.

For more details on the ZILO and the project check out the link below:
https://docs.zilswap.io/zilo/launches/03-demons

Dear Zilliqa Community

Following the latest v8.1.0 upgrade, we’ve noticed some issues that require fixes. Transactions on mainnet are temporarily paused.
We appreciate your patience and understanding. Thank you.

The Zilliqa Team

Post-mortem Report for Mainnet Upgrade v8.1.0



Background: The Zilliqa protocol underwent a mainnet upgrade on Aug 30, 2021. This upgrade introduced important features to enable ZilBridge such as:

- Merkle Patricia tree data structure for contract storage
- Contract proof API needed for PolyNet relayers

It also included several stability, maintenance and bug fixes such as:

- Several memory clean up improvements
- Improve network stability for JSON RPC API service
- Improve PoW submission handling
- Node syncing improvement

The upgrade took a few hours and once the upgrade was completed, miners had started to join the network and started processing transactions, some exchanges like Binance had also opened up deposit and withdrawals.

Issue reported: At this point, one of the community devs from the Duck team reached out with an observation with their NFT token minting contract. They noticed that there were two transactions, one with TXID starting with 0xef and another starting with 0x02 which had minted the same token_id 1351. The first transaction was done before the upgrade had started, while the second one after the upgrade.

For some reasons, the transaction and therefore the state change that happened before the upgrade was ignored and the network after the upgrade wasn’t aware that the token_id 1351 had already been sold and hence after the upgrade, it was resold to a new buyer.

Early investigation and first action taken: As soon as we were informed about this, we started to look into the code of the Duck NFT minting contract. The contract code looked correct. After investigating a bit more, we suspected that the mainnet post-upgrade had started with a wrong global state and as a result the transaction before the upgrade even though it did happen, was considered to be non-existent from the network’s perspective. Since the global state that the nodes started with post-upgrade was somehow corrupted, we suspected the impact to be beyond the Duck NFT contract.

This took us a few hours and by that time 4,478 transactions had been processed by the network post-upgrade. Many of these transactions had been processed with the corrupt initial global state. In order to reduce the impact of the corrupted global state, we decided to disable RPC endpoints that allow users to send transactions. By doing so, we limited any future transaction to be processed under a wrong global state.

Investigating the root cause: After making sure that we had restricted the impact by disabling transactions, we started to investigate a bit deeper into what had gone wrong. We found that when the network was upgraded to v8.1.0 at block number 1,394,088, the final global state after the upgrade was not the same as the global state before the upgrade had started. In other words, the global state after block 1,394,088 was not the same as the state before block 1,394,089.

The main reason behind this was that the state changes for the last 88 blocks (i.e., for all the blocks processed in the last epoch, each epoch is characterised by 100 blocks) were not fully taken into account for the global state post-upgrade. The state changes for these 88 blocks are stored in what’s called a state delta as these 88 blocks had not formed a full 100-blocks epoch. Consider state delta as a temporary change in the global state to be effectuated at the end of the epoch. Nodes keep these state deltas separately until the epoch is fully complete. At the end of the epoch (i.e., every 100 blocks), the state delta is then merged with the global state.

To summarize, the issue was that while all the merged state deltas were considered part of the global state (i.e., all transactions until block 1,394,000), transactions made in the last 88 blocks such as the DUCK NFT minting transaction were ignored. As a result, even though those transactions were processed by the network, the state after the upgrade did not consider the state change that they created. It was as if those transactions never occurred.