Good morning.
I’m Mitsui, a web3 researcher.
Today we’ll be looking back at the articles updated over the past week.
📗This Week’s Articles
【Saturn】Issuing a yield-generating stablecoin backed by MicroStrategy’s STRC
Saturn is a Bitcoin credit-backed stablecoin protocol that offers the USDat stablecoin, backed by US Treasury securities, and the sUSDat stablecoin, which generates yields backed by Bitcoin Credit (MicroStrategy’s STRC).
BTC → MicroStrategy (BTC treasury company) → Preferred stock STRC → sUSDat This chain of trust enables the on-chain tokenization of Bitcoin’s value as “digital credit,” which is its defining feature.
Initially launched with USDat = 100% U.S. Treasury bond collateral and sUSDat = 100% Bitcoin Credit collateral, USDat itself will increase its Bitcoin Credit ratio in the future, aiming to become a reserve currency providing a sustainable yield of 10% or more.
【City Protocol】Providing full-stack infrastructure that tokenizes IP and enables IPCM
City Protocol is a decentralized protocol that provides IPCM infrastructure on Solana, tokenizing IP to bring it onto on-chain markets, thereby providing liquidity and scalability.
IPCM is the IP version of ICM (Internet Capital Market), a concept aiming to create a capital market where IP rights and value are tokenized, enabling 24/7 trading year-round beyond geographical constraints.
City Protocol provides full-stack support from IP creation to monetization and financialization, encompassing Cooking City (Issuance) → City Quests/ID/Viral City (Diffusion, Trust, Growth) → Totem Toy City (Commercialization) → RWA City (Tokenization), along with verification layers, IP Strategy, and its native token $CP.
【Konnex】RoboFi platform enabling autonomous execution of robotic physical tasks—from contracting and verification to settlement—via smart contracts
Konnex is a RoboFi platform that enables autonomous execution of physical tasks performed by robots—from contracting and verification to settlement—via smart contracts.
Using the Universal Task Language (UTL) and Proof of Physical Work (PoPW), different robots and AI can reliably collaborate without human intervention.
A design that separates practical settlements using stablecoins from verification and governance using KNX tokens, aiming to scale real-world labor.
【Alpaca】Provides trading, accounts, clearing, and data via API as a brokerage infrastructure
Alpaca is a fintech company designed for embedded finance, serving as an API-first brokerage infrastructure that provides trading, accounts, clearing, and data via APIs.
It handles stocks, ETFs, options, and cryptocurrencies at low cost, serving a wide range of users from individual algorithmic traders to fintech companies and financial institutions.
Stripe’s financial infrastructure, akin to a securities version, enables embedded services to focus on UX and customer acquisition while monetizing through markups on fees.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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🇯🇵🇺🇸🇰🇷🇨🇳🇪🇸 The English version of the web3 newsletter, which is available in 5 languages. Based on the concept of ``Learn more about web3 in 5 minutes a day,'' we deliver research articles five times a week, including explanations of popular web3 trends, project explanations, and introductions to the latest news.
Author
mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
Contact
The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
Telegram：@mitsui0x
*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.