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” Report: DApp daily users surge to 2.4M in Q1 2022 despite headwinds “ According to a new industry report published by DappRadar, the number of users engaging in decentralized applications, or DApps, every day surged 396% year-over-year to 2.4 million. This is only 5.8% below the same user activity level witnessed in Q4 2021….
” Axie Infinity creator raises $150M led by Binance to reimburse stolen funds “ Sky Mavis, the creator of the popular play-to-earn nonfungible token game Axie Infinity has raised $150 million in a new funding round led by Binance. The fundraiser is aimed at reimbursing lost funds from the recent exploit on Axie Infinity’s Ronin…
” Yearn.finance advocates for the adoption of ERC-4626 tokenized vault standard “ Following the successful deployment of 25 previous Ethereum Request for Comments (ERC) standards — including the industry recognized ERC-20 for fungible tokens, ERC-721 for nonfungible tokens (NFTs), and the single smart contract multi-token ERC-1155 — the newly passed ERC-4626 is gaining traction within…
” Ecosystem expansion and $45M funding round boost Boba Network (BOBA) price by 30% “ The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return. The Boba…
” Crypto and culture intersecting: Could ApeCoin be the go-to token of the Metaverse? “ What is it with these sly, funny, but boring-looking apes that continue to make headlines? Many collectors argue that it’s less about the image, itself, and more about the culture, social capital and wealth the community of owners has gained…
” Opulous (OPUL) price soars after DeFi staking announcement, S-NFT sale and CEX listings “ Non-profile picture (PFP) NFTs had been cooling down over the past few months but now that Bitcoin and Ethereum have turned bullish again, altcoins and NFT-focused tokens are beginning to follow. Music NFTs are one sector of the ecosystem that…
” Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity “ Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In a blog post drafted while he was in India, Coinbase CEO…
” Celebrity tokens: Signs of rising crypto adoption in Indonesia “ Cryptocurrency investments in Indonesia have seen considerable growth between 2020-2022, with 4% of the country’s population having invested in crypto. In 2021, crypto transaction volumes surpassed $34 billion, according to Indonesia’s Commodity Futures Trading Regulatory Agency. This growth has formed a new mindset toward…
” What the media is missing about decentralized autonomous organizations “ The New York Times: “Reality Intrudes on a Utopian Crypto Vision.” Bloomberg: “The Next Crypto Bust May Be Spelled D-A-O.” The Guardian: “Are blockchain-based DAOs really a utopian revolution in the making?” Seemingly every week, another old-guard media outlet echoes the talking points of…
” Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and more “ The last week of March saw the decentralized finance (DeFi) market surge to new highs as institutional investors returned to the market. Amid the rising popularity of DeFi products, Axie Inifity’s Ronin bridge faced the worst hack in…