gm Bankless Nation, Coldlink just launched, offering a new way to verify wallet ownership without approvals or signatures. Ready to link all your accounts without putting your assets at risk?
🎨 Jupiter Acquires DRiP Haus. Solana’s top DeFi exchange acquired NFT platform DRiP Haus to power its first foray into digital collectibles. Half the DRiP team will now build out NFT features for Jupiter, which is aiming to become a “Solana super app.”
🐶 Dogwifhat Sphere Plans Canceled. Organizers have abandoned their year-long campaign to display Dogwifhat on the Las Vegas Sphere and will refund the $700K raised. The team blamed failed partnerships and community backlash for the collapse.
📉 Bybit Ends NFT Marketplace. The crypto exchange is shutting down its NFT and Inscription platforms on April 8th amid post-hack fallout, joining a wave of firms retreating from NFTs as trading volumes have slumped.
Coldlink lets you verify blockchain ownership securely, with no smart contract approvals or blind signing needed. Let's catch you up on its basics and how you can try it for yourself.
What is Coldlink?
Launched by DFZ Labs, the creators of the Deadfellaz ecosystem, Coldlink is a new universal verification tool.
In other words, it allows you to link a blockchain address to any other identifier, like another wallet, a social media handle, an NFC chip, etc., and without putting your assets at risk.
Unlike Delegate, which is built on smart contracts, Coldlink works offchain through a simple transaction verification system. Instead of onchain programmability, Coldlink offers ease and versatility.
How it works
The mechanics of Coldlink are straightforward.
You link your wallet by sending a tiny confirmation transaction to the address provided by Coldlink. The platform then verifies the transaction and creates a connection in its offchain database.
At this point, developers and apps can check this database via API to confirm your ownership. Keep in mind, too, that connections expire automatically after the chosen duration, i.e. 1 day to 1 year.
Why does this sort of system matter?
Firstly, it offers fast and cheap delegation (e.g. connect a hot wallet to a cold wallet to claim an airdrop safely) or verification (e.g. this is my Instagram account). Connections cost ~$1 and take less than a minute to set up.
Secondly, it has no direct onchain attack vectors. You initiate your connection deposits from your wallet; Coldlink itself doesn't trigger transactions or ask you for any signatures.
Lastly, it can be a great bridge between the onchain world and web2 platforms. There are a lot of use cases possible around being able to link all your offchain accounts to your wallets of choice.
How to create a Coldlink
Right now, it's possible to use Coldlink to link Ethereum or Solana addresses with other Ethereum or Solana addresses, with more options coming soon. Here’s how you can dive in here:
Visit coldlink.xyz — Then click the “Create a Coldlink” button
Select your blockchain — Choose between Ethereum or Solana for now
Enter your address — This is the address you want to protect
Choose the link duration — 1 day, 1 week, 1 month, 1 year, etc.
Pick a destination — Select the chain of the address you want to link to, input your desired connection address, then press “Submit”
Confirm by sending a tiny ETH/SOL transaction — Pay the small deposit to the address provided by Coldlink, e.g. coldlinkxyz.eth, to complete the connection
After your deposit is confirmed, that's it! Your Coldlink is now live.
It's important to keep in mind that the platform just launched, so look for more apps to start supporting Coldlink and for the team to add support for more chains and connection types over time.
All that said, Coldlink can be a great complement to resources like Delegate in your personal crypto security stack, particularly with its upcoming support for connecting your offchain and onchain accounts. Giving it a try now will prepare you for all the possibilities to come here!
Experience the next generation of onchain finance with Mantle—where blockchain meets everyday banking. Powered by a $4B treasury, Mantle Network, and mETH Protocol, Mantle is launching three innovation pillars:
Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
