Tezos News and Development Report

Tezos has been making waves in the crypto space, and we're excited to share the latest news and developments with you. The Tezos network has been growing steadily, with a current total of over 1 billion tez (XTZ) in circulation.

The Tezos Foundation has been actively involved in the project's development, providing support and resources to the Tezos community. They've been working on various initiatives, including the development of new tools and services for the Tezos ecosystem.

One of the most significant updates in recent times is the launch of the Tezos protocol version 2.0, which has improved the network's scalability and usability. This update has enabled faster and more efficient transactions, making Tezos an even more attractive option for users.

With the growth of the Tezos network and the development of new tools and services, it's an exciting time to be a part of the Tezos community. Whether you're a seasoned investor or a newcomer to the space, there's never been a better time to get involved with Tezos.

Tezos has seen significant upgrades in recent times, with the blockchain successfully upgraded twice in the period covered by this report. The Delphi upgrade improved the performance of the Michelson interpreter and lowered gas fees significantly.

The Edo upgrade, adopted a few months later, added continuous performance improvements and introduced the Sapling tool, which enables new types of applications, such as voting and asset transactions with selective disclosures.

The Tezos upgrade process has reached a seamless regular cadence, with upgrades like Florence approaching on the horizon.

In September 2022, the Tezos ecosystem continued to grow and scale to meet demand. The Tezos protocol upgrades featured transactional rollups, which allowed for more efficient and cost-effective transactions.

The Tezos Foundation made a commitment to developer tooling and onboarding, which is a significant step towards supporting the growth of developers in the ecosystem. This commitment is a key factor in the continued growth and adoption of Tezos.

The last few months have seen increased efforts from the Tezos Foundation to support developer growth. This includes providing key events, tooling, and best-in-class resources to help developers succeed.

In March 2021, the Tezos blockchain underwent a significant upgrade called Delphi, which improved the performance of the Michelson interpreter and lowered gas fees.

The Tezos community has been growing rapidly, and this upgrade was a major milestone in their efforts to make the blockchain more efficient.

Delphi was followed by another upgrade, Edo, which added continuous performance improvements and a powerful tool called Sapling.

Sapling enables new types of applications, such as voting and asset transactions with selective disclosures, opening up new possibilities for the Tezos ecosystem.

The Tezos upgrade process has reached a seamless regular cadence, with upgrades like Delphi and Edo becoming the new normal.

This regular cadence of improvement is not seen in other blockchain ecosystems, making Tezos a leader in innovation and development.

Florence, the next upgrade on the horizon, is expected to bring even more exciting changes to the Tezos blockchain.

Fxhash, a generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round.

The round was led by 1kx, an early-stage crypto-focused venture capital firm known for its strategic ecosystem growth investments.

1kx spearheaded this investment initiative, marking a significant milestone for Fxhash.

Fxhash was founded in 2021 and has emerged as a groundbreaking platform in the generative art space.

The platform's innovative approach has garnered attention and investment from key players in the crypto industry.

The Tezos community has shown remarkable resilience and compassion in the face of crisis, with TezQuakeAid mobilizing a unified humanitarian response to support those affected by disasters.

TezQuakeAid has successfully mobilized donations for recent earthquake and flood disasters in Morocco and Libya, leveraging their expertise to make a tangible impact.

The team has worked tirelessly to launch fundraising initiatives, which have already raised a total of 9,300 Tezos to support relief efforts in these regions.

This outpouring of support is a testament to the power of community-driven initiatives and the importance of coming together in times of need.

The Tezos ecosystem is still growing strong despite some challenges. In September 2022, the Tezos protocol upgraded with transactional rollups, showing its ability to scale and meet demand.

The Tezos Foundation has been actively supporting developer growth, with increased efforts in the last few months. This commitment to developer tooling and onboarding is a key factor in the ecosystem's continued growth.

The Tezos governance process has proven itself to be effective, with the Babylon and Carthage upgrades demonstrating the ability to upgrade the protocol automatically without a hard fork. This regular cadence of improvement sets Tezos apart from other blockchain ecosystems.

The development of the Tezos project continues to move forward, with a large amount of activity on the Github repository over the past few weeks.

The Tezos Foundation made some significant moves in 2019, selling as many as 8,000 bitcoins worth approximately $53 million today.

The foundation held around 39,700 bitcoins in July 2019, but by January 2020, this number had dropped to 31,800 bitcoins. This means they sold off a substantial portion of their bitcoin holdings.

The value of the foundation's portfolio fell from $652 million to $625 million between July 31 and January 31, 2019-2020. This decrease is largely due to the sale of bitcoins.

The Tezos Foundation's asset-management strategy is designed to focus on long-term objectives, rather than short-term market fluctuations. This approach helped them avoid being overly exposed to the volatility of the cryptocurrency market.

The foundation invested the value of the sold bitcoins into other asset classes, including bonds, equities, and fiat currencies. These investments served as risk management instruments to mitigate the impact of crypto market volatility.

The Tezos Foundation also increased its exposure to tezos (XTZ) tokens, raising the share from 15 percent to 23 percent. As a result, the value of their XTZ holdings increased by approximately $48.2 million.