Ontology Weekly Report (November 8–14, 2022)
Published in
3 min readNov 16, 2022
Highlights
Ontology published the Tech Viewpoint “In Web3, the Way of Describing Identity will be Completely Reconstructed!”, sharing how DID will influence the use of identity and reputation in a Web3 world.
Latest Developments
Development Progress
- We are 100% done with the Rollup VM design. The White Paper will be published soon.
- We are 99% done with the Rollup RISCV EVM actuator.
- We are 94% done with the Rollup L1<->L2 cross-layer communication.
- We are 94% done with the Rollup L1<->L2 Token Bridge.
- We are 99% done with the L1 data synchronization server.
- We are 97% done with the L2 Rollup Node.
- We are 80% done with the L2 blockchain browser.
Product Development
- ONTO has published the October monthly report, summarizing a series of functional optimizations, such as adding support for Aptos MainNet upgrade and PlatON Chain, Arbitrum Nova Chain, adding support for Go+ Security reports.
- ONTO hosted online giveaway and AMA activities with the privacy-preserving AI network PlatON, 10 participants with the best Questions can share $500 $LAT rewards. Follow the @ONTO Wallet Official Announcement on Telegram for more details.
On-Chain Activity
- 160 total dApps on MainNet as of November 14th, 2022.
- 7,199,349 total dApp-related transactions on MainNet, an increase of 4,765 from last week.
- 18,072,473 total transactions on MainNet, an increase of 24,692 from last week.
Community Growth
- We held our Weekly Community Call, focusing on “Potential use cases for ONT ID solutions”. As DAOs are gradually being accepted by enterprises and governments, community members discussed the potential use cases of ONT ID and its reputation scheme in DAOs, including assisting in more efficient recruiting, management and more.
- We held our Telegram weekly Community Discussion led by Ontology Loyal Members, talking about ”The New Era of Web3 Requires Talents”. For Web3, one of the biggest challenges is to digest and understand a large amount of information in a short period of time, so the willingness to learn quickly is particularly important.
- As always, we’re active on Twitter and Telegram, where you can keep up with our latest developments and community updates.
Global News
- Ontology Head of Community Humpty Calderon hosted the OWN Insights Twitter Spaces, inviting Feems of BanklessDAO and Nathan of Snapshot to discuss DAOs and governance, recent industry hot topics and Web3 future trends together.
Ontology in the Media
Cointelegraph -The Web3 Foundation taps edX for free courses on blockchain and Polkadot
“In a recent survey, the online educational platform Study.com found that 64% of the parents and 67% of the college graduates surveyed believed that cryptocurrencies should be part of mandatory education.”
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