Week 7 Report: Facebook Metaverse, Optics V2, Covid
November 24th, 2022

Archived from Dec 3, 2021 commonwealth.im

How will Facebook's Metaverse affect Crypto?

Facebook metaverse accelerate the adoption and acceptance of metaverse, boost to crypto coins especially P2E and gamefi related to metaverse [311.50]

The metaverse increase the need for digital native currencies like crypto. Meta has cryptocurrency projects underway like Diem and Novi wallet [227.54]

Blockchain Privacy Concerns, Mark Zuckerberg affirmed Metaverse supporting crypto and NFT projects, new forms of governance DAO [226.39]

metaverse will support non-fungible tokens (NFT). This will make it easier for people to sell Limited Edition digital objects like NFTs, [165.79]

metaverse tokens such as Decentraland (MANA) and Sandbox (SAND), enjoyed extensive rallies on the Meta news. [165.67]

Individual creators and artists will have enormous opportunities in the metaverse, [154.00]

Time magazine invests in ETH to support metaverse [151.96]

NFTs based on a blockchain has been digital art become fabric of the metaverse, guarantees the virtual stuff own in digital life isn't stolen. [147.17]

open metaverses like Decentraland (MANA), Sandbox (SAND) and Cryptovoxels, Cryptocurrency and the metaverse are more correlated to each other [142.88]

the metaverse (and, likely for the related crypto project) until much later this decade. [123.33]

Google's cryptocurrency ad policy has modified, indicating a minor improvement in favorability for crypto platforms advertising on Gg channels [105.05]

Following fb' announcement, the price of various cryptocurrencies moving in the direction of Metaverse has risen dramatically in recent weeks. [91.67]

Attract more investment from brands outside of crypto, such as Nike which just opened a land called Nikeland in the Roblox platform [88.13]

Anyone can sell NFTs, display them in their digital space, and even safely resell them to others using the new Meta Platform. [44.91]

a shared virtual world where people can hang out, interact, do business, building a financial framework, users purchase and store digital assets [44.58]

easier for people to sell Limited Edition digital objects like NFTs, display them in their digital spaces and even resell non fungible tokens [29.07]

, high-quality promotion channel for crypto projects with a large number of users via FB. [26.10]

resulting in the closure of many big Chinese crypto news websites. BTC also took a knock, "breaking" the support level of $60,000 to $57,000. [23.70]

and substantially damage the crypto market, particularly in China. [5.01]

How will Optics V1 to V2 upgrade affect Celo DeFi TVL?

Optics V2 bridging from Avalanche C-Chain will attract more users to bridge over and participate in Celo DeFi and increasing protocols TVL. [283.83]

Bridge gas refund is being discussed and if passed, it would attract TVL in Celo Defi as automatically refund gas when sending funds to Celo


Optics V2 will increase Celo Defi TVL in the long term [263.29]

Optics V2 allow the migration plan that will allow users to move their fund safely from the current Optics V1 [244.52]

Optics V1 bridge was still working but with someone having full control over Optics assets and a takeover can happen anytime. [238.85]

Optics v2 will be deployed on the Avalanche C-Chain as well as Ethereum, Celo and Polygon which can attract users from Avalance


Optics V2 proposed bridge gas refund, faster and more security with community run Watcher Agents, faster bridging time from 3 hours to 30 mins. [179.69]

V2 also invlove in creating additional pool would help allow user trade legacy assets directly which will help to increase the Celo Defi TVL. [177.59]

Optics V2 will come with a migration page which is user friendly UI and may attract TVL.


There are a few additional planned improvement as well in order to protect the Celo Defi TVL. [153.77]

In Optics V2, window periods have decreased from 3 hours to 30 minutes; faster bridging will attract more users.


Users can keep their asset in Celo swapping to V2 without having tot bridge back to ETH. [117.09]

An issue with Optics V1 beta was reported by cLabs – someone activated Optics recovery mode on the Ethereum GovernanceRouter contract. [115.01]

The Optics Bridge process estimated take of 4 hours to complete the token bridged to and from Celo, Polygon and Ethereum. [111.54]

Compared to other ecosystems such as ethereum, Celo has lower gas fee and higher farm yield, users may transfer assets to Celo via optics. [96.86]

DeFi protocols’ TVL could be increased through cross-chain bridged token liquidity pools (LP), yield farming, lending and borrowing. [92.55]

Faster bridging time will increase efficiency of arbitrage and funds migration between EVM chains, thereby providing seamless DeFi experience. [92.50]

Risk like asset cannot being bridged back to ETH or trade below 1 : 1 can be avoided in Optics V2 [71.88]

Watcher agents which are run by the community will be deployed in V2 to further increase the security of the bridge.


AMA was held by cLabs to clarify and discuss the issue with Optics V1 beta with the community and developers. [53.61]

faster bridging will attract more users as the window periods have decreased from 3 hours to 30 minutes


The current Celo Defi apps include Moola, Mobius, Ubeswap, Dahlia, Sushiswap, Symmetric and Celodex.


Users might not move back to Celo due to the recent optics recovery mode incident.


In optics v2 recovery manager activates recovery mode will take 2 weeks before it is enabled, this gives users time to manage their funds.


In the migration plan from V1 to V2, large assets are advised to move back to ethereum. [13.63]

What're the benefits of COVID-19 injection? Why should one get it?

COVID-19 vaccines can't cause one to become sick with COVID-19 or shed any vaccine components. [150.42]

The COVID-19 vaccines are safe for most people 18 years and older, including those with pre-existing conditions of any kind, including auto-immu [159.57]

more people get vaccinated, harder for COVID to spread, stronger herd immunity, prevent virus from spreading and replicating [135.80]

There is no evidence that COVID-19 vaccines cause fertility problems. [105.58]

COVID-19 has caused very serious illness and death for a lot of people. [95.44]

no side effect from COVID-19 vaccine, affect their ability to do daily activities, but they should go away within few days. no fertility problem [84.07]

Immunity after COVID-19 vaccination


This is particularly important to protect people at increased risk for severe illness from COVID-19, such as healthcare providers, older or elde [76.94]

The vaccine helped us ditch the mask. The vaccine will help you reconnect with friends and family.


Many people have reported side effects that may affect their ability to do daily activities, but they should go away within a few days. [33.06]

many business can be reopen, people start to earn money and able to sustain life again. allow to go outdoor. reduce suicide rate. [24.53]

Subscribe to KnoxDAO
Receive new entries directly to your inbox.
Mint this entry as an NFT to add it your wallet and Mirror collection.
This entry has been permanently stored on-chain and signed by its creator.