News
Weekly Newsletter: What happened on the Cosmos ecosystem this week? December 11th–17th, 2023
ICF allocates $26.4M for Interchain Stack, $3.5M for Hub. 42.7M $NTRN to @cosmos. New burn mechanism on $EVMOS. @badkidsart NFTs available http://badkids.shop
Author
Imperator
Date
Dec 17, 2023
ICF Funding Program
The ICF unveiled its 2024 funding program. It has earmarked $26.4 million of funding to foster development and adoption of the Interchain Stack. As promised, the ICF allocated $3.5 million to the engineering teams in charge of the Hub development.
![](https://framerusercontent.com/images/ggyhg5DN5OVjcJ8zTM3lx5RLI.png)
2. Neutron and Cosmos alignment
Following the prop #24 on @Neutron_org, 42.7 million $NTRN have been transferred to the @cosmos Hub community pool. At current prices, these unclaimed tokens from the $NTRN airdrop are worth $42.7 million.
https://governance.neutron.org/proposals/24
3. Burn mechanism on $EVMOS
Following the last @evmosorg proposal, a new burn mechanism is to be adopted on the $EVMOS chain. This includes : Burn ~132.3 million EVMOS tokens from the incentives pool account, burn all Cosmos transaction fees following the Cosmos transaction format deprecation and more
![](https://framerusercontent.com/images/L0hlmDJvlayaHKwhbc4WdAtC8OM.png)
4. Bad Kids everywhere
It has never been so easy to grab a @badkidsart NFT.
@leap_cosmos released http://badkids.shop. Instantly swap $ETH to $STARS and become a Bad Kid in one click! 👿
![](https://framerusercontent.com/images/8UNMi1V9MAefGNUqO6QKTTUN0.png)
5. Noble USDC on the raise
Since its inception in march 2023, @noble_xyz issued +$50 million USDC. They just flipped Optimism. At this pace, the $100 million milestone doesn’t seem so far (+$12 million versus last week)
Checkout this figures here:
![](https://framerusercontent.com/images/fv2uWWxXxQRRdHwuW2lFJnRZg.png)