👋 DeGods and y00ts are bridging off Solana

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Hey Waivly Crew! 🌊 We're super excited to share that we're refreshing our specials from today. The new schedule is now Monday as our Creator Special, Tuesday as our Venture Special, Wednesday as our Web3 Special, Thursday as our Crypto Special, and Friday as our NFT special.

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The Creator Special will highlight incredible founders and creators throughout future-led spaces, the Venture Special will feature amazing startups and businesses similarly throughout future-led spaces, and the Web3, Crypto, and NFT Special’s will spotlight the hottest topics in each of the spaces. As always, these specials run alongside our usual content and are solely spotlighted sections of Waivly editions.

Degods and y00ts are bridging off Solana

NFT firm Dust Labs is migrating its two leading Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. 

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According to the announcement, in Q1 of 2023, DeGods will bridge over to Ethereum, while its sister project, y00ts, will move to Polygon with a grant from the layer 2's partnership fund.

The move will also see $DUST — the native token of the DeGods ecosystem — be bridged to both Ethereum and Polygon.

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“There’s an argument to be made that [DeGods] has capped out on Solana,” said Dust Labs co-founder Frank in a Monday Twitter Spaces. “It’s hard to accept, but it’s been tough to grow at the rate we want to grow. If Ethereum is where we have to go to keep growing, it’s what we have to do.”

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Details of the migration will be announced at a later date.

Octopus Network lays off 40% of team

Octopus Network, a decentralized app chain network built on NEAR Protocol, has announced that it will be "refactoring" to adapt to current market conditions.

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As part of the process, Octopus Network will let go roughly 40% of its core team, which accounts for 12 out of 30 members. The remaining staff will accept a 20% salary cut, while its team token incentive will be suspended indefinitely.

While announcing the core team refactoring, Louis Liu, the founder of Octopus Network, said while he has experienced two previous crypto winters, this one “is very different from the others.”

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Liu said that he expects this current “crypto winter will last at least another year, perhaps much longer,” adding that “most Web3 startups will not survive.”

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In addition to layoffs and pay cuts, Oculus Network plans to "condense operations and focus on building in the next year.”

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This will include connecting various appchains, including those built on Substrate or Cosmos SDK, to Inter-Blockchain Communication Protocol (IBC) enabled blockchains.

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Octopus Network is not the first Web3 firm to cut staff amid the current crypto winter. Earlier this month, crypto exchanges Kraken and Bybit both laid off 30% of their workforces.

The Waves

👀 Mark Cuban doubles down on Bitcoin while dissing gold

🤖 Reddit users have minted more than 5 million NFT avatars

📚 Messari releases the Crypto Theses for 2023

🚀 Bankless: Bull Case for Ethereum IV

Venture Special

Heatbit

Looking for a new way to stay warm this winter? Heatbit is the first-ever Bitcoin-mining heater. It’s a plug & play device that warms up to 500 square feet, works under <42 dBA, and generates around $1/day with no additional energy consumption.

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Detangle AI

Detangle was started in 2022 by Josh Pigford after spending the past 20 years reading thousands of pages of legal documents throughout his entrepreneurial journey.

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Contracts are how lawyers communicate with one another. But most of us are not lawyers, and large paragraphs being written to say simple things is unnecessary for understanding a contract. With advances in AI, it's now possible for the layman to actually understand what a contract's intent is. And that's what Detangle exists to do!

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Doshi

Doshi is a crypto wallet made for teens and young adults. It's educational, safe, and legal at its core. With Doshi, anyone, regardless of their age, can create a wallet, mint NFTs, and have fun while learning about the space.

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