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“# THORSwap hammers home the point: Aligned incentives are a crypto superpower ” THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late…
“# Nervos debuts mainnet beta layer-two blockchain project ” Public blockchain platform Nervos Network has announced the mainnet beta launch of Godwoken. The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment. Built upon the existing Nervos layer-one network, the…
“# 8-word crypto amendment in Infrastructure Bill an ‘affront to the rule of law’ ” Legal experts have warned that a section of the Infrastructure Bill, which is due for a vote today, amends a part of the tax code and makes a failure by businesses and individuals to report digital asset transactions a criminal…
“# Mythical Games announces $150M raise as the company expands into NFTs ” Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion…
“# Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar ” High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction….
“# Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network ” Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra’s Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized insurance mechanism that provides coverage in the event…
“# ‘Privacy-preserving computing is the future,’ says Secret Network’s Guy Zyskind after Quentin Tarantino NFT drop ” On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first…
“# FTX-backed studio explains why Solana is better for game developers ” While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi. Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the…
“# SQUID token up 600% today despite debacle and Binance investigation ” The world’s biggest crypto exchange, Binance, has launched an inquiry into the Squid Game token to trace funds associated with the epic 45,000% pump and dump a few days ago. The Binance Smart Chain-based gaming token SQUID is suspected to be an exit…
“# Monster-battle NFT game Axie Infinity soars in popularity among developing nations ” It’s no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have…