Weekly Project Updates: World Network Launches Chat Feature, Zora Set to Introduce Its Native Token, and Trump Announces Strategic Reserve Initiative for XRP, SOL, and ADA, etc

Mar 08, 2025

1. World Network Introduces World Chat Feature link

Sam Altman’s blockchain project, World Network, has launched World Chat, a “mini-app” integrated into the World App wallet. Holders of the World ID verified through iris scanning can enjoy unique features, such as blue chat bubbles and exclusive identifiers. World Chat is designed to distinguish between humans and robots in the AI era. For non-verified users, gray chat bubbles will be displayed. Moreover, World Network has announced a collaboration with Alchemy, Bain Crypto Capital, Blockchain Capital, and Variant Fund to introduce the World Build incubator. It plans to host hackathons, build camps, and Demo Days.

2. Sui Announces Strategic Partnership with Trump Family’s Crypto Project WLFI link

The L1 blockchain Sui, which uses the Move language, has announced a strategic cooperation with the Trump family’s crypto project World Liberty Financial (WLFI). Under the agreement, WLFI will include SUI assets in its “Macro Strategy” strategic token reserve, and the two sides have started to explore product development opportunities.

3. Avalanche Unveils 2025 Roadmap, Featuring Etna Network Upgrade and Subnet Renaming link

Avalanche recently unveiled its 2025 roadmap during an AMA in Indonesia. The main updates include the Etna network upgrade, the global adoption initiative Avalanche9000 Campaign, and the renaming of subnets to Avalanche L1 to enhance flexibility.

4. HashKey Chain Officially Launches Its Staking Functionality link

HashKey Chain announced that its Staking function officially went live at 20:00 (UTC+8) on March 3. It supports staking periods of 30 days, 90 days, 180 days, and 365 days. The expected annualized rate of return can reach up to 12%, and additional rewards are provided. Users can now stake HSK on the platform and enjoy the corresponding on-chain yields.

5. Elixir Rolls Out Airdrop Eligibility Check and Reveals Tokenomics link

Elixir has opened the airdrop query function, allowing users, community members, and some core DeFi users to check the distribution of $ELX. In addition, the official side has simultaneously released the token economics. Among them, 41% of the total supply will be allocated to the community (8% for the first-season airdrop, 21% for future airdrops/LP rewards, and 12% for public network security rewards), 22% will be allocated to the DAO foundation, 15% will be allocated to investors, 19% will be allocated to core contributors, and 3% will be used for liquidity.

6. RedStone Allocates Additional 2% of RED Token Supply to Compensate Overlooked Community Members link

RedStone has announced that it is making immediate adjustments to the selection process and distribution plan for the RED token airdrop. RedStone will allocate an additional 2% of the total supply of RED tokens from the “ecosystem and data providers” to recognize the contributions of community members who were overlooked in the initial airdrop distribution. This additional airdrop will be available for claiming at 23:00 UTC+8 on March 6, 2025. Additionally, another 4.5% of the tokens from the “community and genesis” will be distributed 6 months after the Token Generation Event (TGE) on March 6, 2025, and the specific arrangements will be announced separately.

7. NFT Marketplace Zora Plans to Launch ZORA Token link

The NFT marketplace and on-chain social platform Zora plans to launch the token ZORA based on the Ethereum Layer 2 network Base. Zora stated that this token is “for entertainment only” and does not confer governance rights to its holders. The total supply of ZORA is 10 billion tokens, and the distribution plan includes 26.1% allocated to contributors, 20% for incentives, 20% to the treasury, 18.9% distributed to the team, 10% for origin airdrops, and 5% for liquidity maintenance. Previously, in May 2022, Zora completed a financing of $50 million led by Haun Ventures, with a valuation reaching $600 million.

According to the data panel of @sealaunch_, the Zora Network has a total of more than 548,000 addresses that have completed 83.738 million transactions. Among them, NFTs (ERC-721+ERC-1155) are the main types of transactions. A total of 6,420 ETH has been bridged to Zora, and Zora has cumulatively generated a profit of 526.7 ETH.

8. Aave Proposes Updated Aavenomics Plan, Including Token Buyback Initiative link

The Aave community has officially proposed an updated Aavenomics plan, introducing the “Anti-GHO” mechanism. This is a non-transferable ERC20 token linearly generated by AAVE and StkBPT stakers, which can offset GHO debt on a 1:1 basis or be converted into StkGHO. The proposal intends to establish the Aave Finance Committee (AFC) to be responsible for asset management, set the Umbrella liquidity target, and initiate the AAVE token buyback. Initially, $1 million worth of AAVE tokens will be repurchased weekly and allocated to the ecosystem reserve. Also, the LEND migration contract will be closed, and the remaining 320,000 AAVE tokens (approximately $65 million) will be transferred to the ecosystem reserve. The proposal also suggests using 50% of the GHO revenue for generating Anti-GHO, with 80% of the generated Anti-GHO allocated to StkAAVE holders and 20% to StkBPT holders. It is expected that 6 million Anti-GHO tokens will be generated each year.

9. Jito DAO Community Initiates Discussion on Token Economic Model link

The Jito DAO community has initiated a discussion on the token economic model. A community member has published a research report exploring whether and how the DAO should utilize its fees. The discussion focuses on two approaches: value rewards (including fee distribution and buybacks) and ecosystem reinvestment (such as the protocol’s own liquidity, incentive subsidies, and funding).

10. Trump Directs Presidential Task Force to Advance Crypto Strategic Reserve Including XRP, SOL, and ADA link

US President Donald Trump stated that his executive order on digital assets has instructed the Presidential Working Group to advance a cryptocurrency strategic reserve, which includes XRP, SOL, and ADA, in order to support the development of the cryptocurrency industry and ensure the United States’ leading position in this field.

Alex Xu, a research partner at Mint Ventures, analyzed that since Trump took office, SOL, XRP, and ADA have frequently visited Mar-a-Lago. They have also provided Trump with a significant amount of overt sponsorships, such as donations to the inauguration ceremony fund and so on. It is highly likely that there are even more circuitous forms of interest transfers behind the scenes. This time, Trump reciprocated the favor by offering an overt return, arranging a “advertising slot” within the scope of his presidential authority.

However, in the long run, promoting projects like ADA and XRP as reserve assets is an absurd practice that will only undermine the solemnity of the BTC strategic reserve itself, further reducing the possibility of the BTC reserve bill being passed at the federal level. It is one thing to let the working group move forward with the work, and quite another to achieve success at the legislative level. The Republican Party’s advantage in the House of Representatives is extremely slender, and it is simply impossible for them to have the ability to pass legislation to include SOL, ADA, and XRP in the national reserve.

The only possibility is that Trump establishes a national sovereign fund directly under the supervision of the Treasury Department through the administrative agencies, which would allow for the direct purchase of the above assets without going through federal legislation. But how likely is this to happen? How much benefit would SOL, XRP, and ADA have to transfer to the Trump family for the president to issue an explicit order to use taxpayers’ money to buy these assets? Trump’s style is to prefer taking small risks for big gains, using low-cost and small means to create big news. He will not put his heart into things that require great effort, break through significant resistance, offer no substantial rewards, and only carry high risks.

It should be noted that as of July 2024, there is no factual basis for the content described here about Trump’s relevant executive order on digital assets. It is important to verify information from reliable sources to avoid spreading unfounded rumors.

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