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” Finance Redefined: Number of DAOs surge, Solana launches $100M DeFi fund “ This past week, the decentralized finance (DeFi) ecosystem was ruled by decentralized autonomous organizations and new fund launches for the growth of the Web3 ecosystem. The total number of DAOs surged by eight times while Solana launched a $100 million DeFi fund….
” Number of DAOs increases 8X along with spike in votes and proposals “ The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months. Data compiled by Snapshot Labs, shared by Electric Capital…
” Chainlink brings Keepers and VRF to the Avalanche blockchain “ Blockchain oracle platform Chainlink (LINK) launched two of its services, Chainlink Keepers and Chainlink Verifiable Random Function (VRF) and integrated them into the Avalanche Primary Network, a special subnet within the Avalanche (AVAX) platform. In the announcement sent to Cointelegraph on Thursday, the Chainlink…
” Legal troubles mount for Terraform Labs as Seoul police investigative “ Terraform Labs, the parent company behind the collapsed Terra ecosystem, is currently under multiple investigations from the South Korean authorities. The latest investigation revolves around the alleged embezzlement of Bitcoin (BTC) from the company’s treasury. According to a report published in a local…
” Attackers loot $5M from Osmosis in LP exploit, $2M returned soon after “ Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP) bug to the tune of roughly $5 million. The bug was first identified in a Reddit post…
” Optimism loses 20M tokens after L1 and L2 confusion exploited “ The honeymoon period for the Optimism layer-2 scaling solution has been cut short as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens. The exploit took place May 26 but has only just been reported…
” Digital assets still make a lot of sense, says Codex co-founder “ Co-founder and chief evangelist officer for Codex, Alex Gordon-Brander, spoke to Cointelegraph about his Bitcoin story, the real-world use cases for crypto, and the economic downturn during a World Economic Forum interview in Davos, Switzerland. Standing curbside in front of Davos’ “Crypto…
” Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea “ Solana Ventures and the Solana Foundation have formed a $100 million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea. In addition to supporting projects built on Solana (SOL),…
” Metaverse tokens up 400% year on year despite altcoin bloodbath “ Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to…
” $72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees “ Open-world blockchain game Illuvium managed to keep the average transaction fee for its nonfungible token (NFT) Land at about $20 by holding the Dutch auction on the Illuvium X Layer-2 scaling solution. The price to mint the NFTs was a fraction…