Valhalla price low rises after Armory token falls | Daily News Byte

Valhalla price low rises after Armory token falls

 | Daily News Byte

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🌅 Welcome!

A former US president initiates the collection of NFTs and a committee is formed to represent creditors in the event of FTKS bankruptcy.

Today we take a look at Valhalla as our research team provides insight into prominent topics in web3 infrastructure.

This is Delphi Daily. Let’s dive in.


🚨 In case you missed it

  • Former US President Donald Trump launches NFT collection.
  • In the case of FTKS bankruptcy, a commission for the representation of creditors is formed.
  • New York’s financial regulator issues crypto guidelines for banks.
  • SBF is in “good spirits” after spending his first night in prison in the Bahamas.
  • FTKS CEO Ryan Salame notified regulators of FTKS’ negligence.

📊 Valhalla rock bottom price rises after Armory token crash

Valhalla price low rises after Armory token falls

 | Daily News Byte

  • Valhalla is an NFT collection focused on gaming and web3 culture, created by a Los Angeles startup called Stacked. On Dec. 7 announced token release for NFT holders.
  • Owners will receive 5 tokens per NFT for two weeks. The first token was thrown into the air on the day of its release. Since then, the minimum price has increased by 267% from an average of 0.7 ETH on December 7th to an average of 1.87 ETH yesterday.
  • Called Armory Tokens, owners can use them to re-roll certain Avatar traits. Reboot refers to updating the metadata on the user’s NFT avatar chain. This action requires the user to burn the corresponding Armory Token as well.
  • Although these tokens do not expire, they can only be used during certain periods, with the first re-roll period running from December 14th to December 28th. When the trait is rerolled, the change cannot be undone.
  • Valhalla has also introduced an event-only feature called the “Monarch’s Saw”, which will only be available for the next two weeks before being retired. The perceived scarcity has made this a highly sought after trait.

⚡ The upcoming year for infrastructure

  • When evaluating bridge design, it is tempting to see the safety model and implementation as unrelated factors. However, moving forward, we would argue that a healthier (and perhaps more realistic) approach is to consider them together.
  • At a high level, bridge design can be categorized into three segments: third-party, light-client, and rollup bridges. Third-party bridges are externally verified, while thin clients and rollup-based bridges are natively verified.

  • Most of the bridges in the last two years were externally verified bridges. These bridges are often developed and maintained by arbitrary teams, each building their own design. There is little or no cooperation between them regarding code control.
  • Furthermore, since they are competing for market share, they tend to increase TVL by giving away prizes during the first few days of launch. This leads to the perfect environment for black hats.
  • Therefore, we no longer think it is a good idea to consider bridge design in isolation from how it is likely to be implemented. By now we know that the threat model is the black hats at the nation-state level.
  • While we can never be sure that vulnerabilities do not exist, the winning solutions are likely to be those that encourage maximum collaboration and code control. This brings us to natively verified bridges.
  • The antidote to bridge hacking is standardization. Natively verified bridges (light client and rollup based) have significant features that make them more likely to be developed into standards than externally verified bridges.
  • Natively verified bridges not only function as general messaging protocols, but also serve other basic needs and primitives such as mobile wallets, fast synchronization, reducing reliance on centralized RPC services, etc.
  • Because they are ecosystem-oriented, natively verified bridges are relied upon and scrutinized by more teams and developers in their communities. Their roadmaps revolve around the development of ecosystem-wide standards taking into account the maximum mutual benefit of ecosystem participants.
  • Without a doubt, the most successful example of this is IBC. IBC is not immune to implementation errors, but its development benefits greatly from the mind-sharing and attention it receives from a large number of diverse Cosmos teams.
  • Considering how the critical incident was recently marked and patched, we can count this as an important factor for its survival.
  • For more on prominent topics in web3 infrastructure, Delphi members can read our Delphi Pro report here.

🐣 Significant tweets

Crypto UKS

Nouns Trezor



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