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“# Okcoin reports altcoins drove institutional interest in crypto for 2021 ” Cryptocurrency exchange Okcoin has reported the number of and trading volume of institutions surged significantly in the last year, driven largely by stablecoins and tokens in decentralized finance. In a report released on Oct. 26, Okcoin said it had seen a 450% increase…
“# Play-to-earn games are ushering in the next generation of platforms ” The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online. It is…
“# Would you like fries with that? Fast-food chains are serving up NFTs ” The past few months have seen an explosive uptake of nonfungible tokens (NFT) as crypto artists, gaming enthusiasts, musicians, celebrities and now fast food chains deploy the technology in various ways. Fast food giants such as McDonald’s, Burger King and Taco…
“# Reddit may be preparing to launch its own NFT platform ” Social media platform Reddit appears to be hiring workers to support the design, build, and maintenance of a nonfungible token platform. According to a Greenhouse job posting, Reddit is looking for a senior backend engineer for a platform responsible for “millions of users…
“# Tokens.com acquire 50% stake in virtual real-estate firm Metaverse Group ” Publicly-listed cryptocurrency and blockchain investment firm Tokens.com has announced a landmark agreement to acquire a 50% stake in metaverse real estate firm Metaverse Group in a deal worth in excess of $1.6 million. Tokens.com is expected to capitalize on the purchase — reportedly…
“# Fasten your seatbelt: Crypto’s impact on marketing has only just begun ” The road to the adoption of blockchain and crypto in the marketing industry is a long and winding road. But make no mistake about it: Transformation is well on its way and the road will soon turn to a highway. As someone…
“# ShapeShift hopes to create ‘rarest and most historical’ NFTs with 80% trading card supply burn ” Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectable “cards” from the blockchain-based mobile game, Spells of Genesis. The team said that the remaining cards in its possession will be placed under the control of its new…
“# DeFi picks up the pace as alternate blockchains and NFTs boom ” As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols…
“# Indian TikTok challenger raises $19M to launch social token on Solana ” Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token. Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced…
“# Compound supply bug mistakenly rewarded users with $70M in tokens ” Decentralized finance (DeFi) interest rate protocol Compound Finance has reported a token distribution bug within its newly implemented Proposal 062, which is over-rewarding suppliers into the tens of millions of dollars. The upgrade was designed to “split COMP rewards distribution and bug fixes”…