Ethereum Proposal To Bring Revenue Back To Devs
According to the latest reports, there is an Ethereum Improvement Proposal, dubbed EIP-6969, is looking to implement Contract-Secured Revenue (CSR) on Ethereum L2s. Check out the latest details about all this. ETH new pr...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to the latest reports, there is an Ethereum Improvement Proposal, dubbed EIP-6969, is looking to implement Contract-Secured Revenue (CSR) on Ethereum L2s. Check out the latest details about all this.
ETH new proposal addressedCSR refers to a series of smart contracts that enable developers to earn revenue. This would happen whenever others interact with the code they have deployed on-chain.
Kevin Owocki, which is one of the co-authors of EIP-6969, told Blockworks that his firsthand experience as a builder in the Web3 space made him aware of the difficulties that are involved in monetizing the products he had actively helped create.
“There are really not that many opportunities to monetize in a way that’s sustainable and not very speculative,” Owocki said.
EIP-6969 presents a generalized protocol which networks can reference in order to implement Canto’s Contract Secured Revenue (CSR) on any EVM L2.
Contract Secured Revenue = developers get revenue when ppl use their contracts .https://t.co/nxdgypdgDw
— Owocki.Ξth (,) (@owocki) May 8, 2023
Ethereum in the newsAn Ethereum-based (ETH) gaming altcoin managed to shine in the crypto markets after being listed on tech giant Apple’s app store.
In a new announcement, the important gaming metaverse Axie Infinity (AXS) says it’s expanding its global reach by joining forces with Apple to bring over its strategy-based card game to iPhone users in Latin America and East Asia.
“We’re thrilled to announce that Axie Infinity: Origins is now available on iOS in select countries across [Latin America] and Asia!”
The announcement continued and said the following:
“This is [an] important step towards a world where anyone, anywhere can experience the magic of Axie on their preferred device. If you live in Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia, or Vietnam, you can now download Origins for iOS from the AppStore.”
Check out our previous piece on the matter to learn more.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Bit Digital misses Q3 revenue estimates as Ethereum gains lift profit
Bit Digital's shift from Bitcoin mining to Ethereum and AI infrastructure may reshape its growth trajectory and investor appeal. T...
Ethereum Dancing on Two Fronts as Quantum Upgrade Advances and Treasury Leverage Bites
Ethereum developers want to upgrade the network to be quantum-ready by 2027, potentially accelerating one of its biggest security...
Ethlabs Calls for Ethereum Quantum Protection in 2027 as Upgrade Priorities Shift
TL;DR: Ethlabs proposes quantum readiness in 2027 and plans to withdraw its quick-slots work from Hegotá. Developers still need to...
Aave Proposal Targets $3.5M in Added Annual Revenue Through Reserve-Factor Changes
TL;DR: TokenLogic proposes changes to Aave's reserve factors across 54 reserves. Its model estimates $3.5 million in additional an...
Ethereum and Layer 1s Explained
Ethereum 101 explains how Ethereum made blockchains programmable. It covers smart contracts, accounts and the EVM, ETH and gas fee...
How Buterin Complicates Ethereum’s Wall Street Pitch by Aiming at Bitcoin
Vitalik Buterin’s latest pivot in how Ethereum should be valued might make traditional Wall Street investors dizzy. The narrative...