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GeFi’s SEPTEMBER Recap

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We are now entering Q4 of 2021. It has been a challenging and memorable journey for GeFi through Q3 of 2021, and they are happy that the number GeFions are growing superbly!

During September 2021 alone, GeFi is thrilled to have the trust and support from all GeFions that help them achieve goals after goals. So here’s the recap of what GeFi has accomplished in September 2021!

They have participated in a total of 5 AMA (Ask-Me-Anything) sessions with Crypto O. Seven, Heaven of Crypto, Decentralized Club, Crypto Fury, and The Grey Crypto Hub. GeFi’s Marketing teams led by Josh and Alton have been working round the clock to spread knowledge related to GeFi to various crypto communities through these sessions. It brings joy to them because they have been receiving tremendous support and positive feedback from all the communities in which GeFi is present! It is essential for us to have more communities that understand GeFi as a 100% community-driven project.

As a movement to reward KOLs in their community, GeFi has organized a KOL campaign to reward KOLs supports in GeFi. Participants have to record a video to showcase GeFi’s highlights and features in their preferred language. All winners are already rewarded with 1 GEG token each.

Onwards to vaults, GeFi protocol has introduced two new pools: AXS-BNB LP and MBOX-BNB LP. Furthermore, to add another good news, GeFi has also introduced a SINGLE ASSET pool at the same time. This allows GEG Hodlers to stake their harvested GEG in the single asset pool to earn MBOX and BNB. Through these updates, GeFions can further optimize their earnings through GeFi finance vault.

For early GeFi supporters, GeFi has introduced and launched an Affiliate Program that rewards community leaders and GeFions that have introduced their peers to GeFi. They have successfully distributed two rounds of affiliate program rewards to eligible GeFions. In addition, GeFi appreciates fellow GeFions that always help them share GeFi projects voluntarily.

To increase their vault security, GeFi has done a Binance Smart Chain (BSC) security integration on Gnosis Safe MultiSig to ensure the funds of GeFions are safer as old pools are now incompatible with the new proxy implementation.

As the marketing team is spreading GeFi knowledge through various AMAs, their non-English communities are also growing. To accommodate GeFions from different countries that use different languages, GeFi has expanded the market to multiple communities with other languages such as Arabic, Japanese, Spanish, and many more. Click on the link below to join the other communities!

Arabic — https://t.me/GeFiCommunityAra

Spanish — https://t.me/GeFi_Spain

Japanese — https://t.me/GeFiJapan

Greek — https://t.me/GeFi_Greece

Indonesian — https://t.me/GeFi_Indon

Chinese — https://t.me/GeFi_Chinese

French — https://t.me/GeFi_France

Effort in September can be seen in the growing number of members in the official community. GeFi has reached a total of 10k real and enthusiastic members in both the Telegram Community and Twitter! “Thanks for noticing and supporting us!” This is the beginning of your journey as the GeFi project has planned and will execute more development in the coming weeks!

Saving the BEST for the last, GeFi is now officially audited and verified by KnownSec on 30 September 2021. With this solid audit report, we believe that this will surely increase the market confidence in GeFi, and this will be another stepping stone that will propel GeFi to a greater height to reach more people!

GeFi’s KnownSec Audit: https://attest.im/attestation/searchResult?qurey=d92c064aa911435ba5d1dd02e14c2b79

So, what should GeFions expect in OCTOBER 2021?

Stay tuned for the launching of the preview site of StoneAge NFT Marketplace that will be launched on 8 October 2021 UTC1200. Also, GES ISO (Initial Stone Offering) will be launched the following week on 15 October 2021 UTC 1200.

The official launch of Stone Age NFT Marketplace is on 22 October 2021 UTC1200.

The real and last exciting part!

GeFi will be listed on BSC Scan, CoinMarketCap, and Coin Gecko soon!

If you are still Hodling GEG, SEE YOU AT THE MOON! GEG Ready To GES! Behold Stone Age!

Find out more about GeFi : https://linktr.ee/gefi

Find out more about StoneAge : https://linktr.ee/stoneagenft

Projects

Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

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The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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Projects

OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

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In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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Projects

NFT marketplace in Solana Magic Eden completes a $130M Series B investment with a $1.6B value

Over 90% of NFT trade volume on Solana is accounted for by Magic Eden.

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On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capital valued the firm at $1.6 billion.

The newly-infused capital will be used to expand the company’s primary and secondary marketplaces, explore multi-chain opportunities, allow new hirings, and for use in research and development. Since its inception in September 2021, the marketplace now receives an average of 22 million unique monthly sessions and sees over 40,000 NFTs traded daily.

Magic Eden’s Launchpad has also onboarded over 250 projects to date. In addition, it offers customization, marketing support, and operational execution to new NFT collections coming onto the primary market. Meanwhile, its secondary market covers over 7,000 listings and sees over 92% of all NFT volume on Solana.

Furthermore, Magic Eden has also launched over 50 games and metaverse projects. In that segment, the firm oversees 90% of all gaming NFTs on Solana traded on its marketplace. Regarding the development, Zhuoxun Yin, chief operating office and co-founder of Magic Eden, commented:

“We’re thrilled to have the continued support of our investors and community and look forward to delivering on Solana and beyond.”

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