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Month: March 2022
Timechain Joins The Fireblocks Network To Push Institutional Adoption of DeFi And Crypto Higher
Timechain continues to push the boundaries of institutional cryptocurrency adoption through a strategic partnership with the Fireblocks network. Institutional interest in cryptocurrencies has risen strongly throughout 2021 and early 2022. That growing demand for exposure creates opportunities for digital asset management and DeFi service providers like TimeChain. The Canadian firm provides various robust trading and financial tools for institutional clients to explore. Moreover, its offerings are of a higher level than other Canadian crypto service providers, giving Timechain a solid competitive edge. Another benefit of the Timechain ecosystem is its…
LimeWire and the Zombie Brands Pivot to Crypto
What’s not clear is how the new LimeWire will distinguish itself from existing music NFT platforms. Sound.xyz, which launched in December, is explicitly focused on communal listening and monetization. Royal, led by the producer Justin Blau, offers song royalties via crypto. Catalog is a marketplace for one-of-one audio NFTs. And communities like Water & Music, Tiny Mix Tapes, Poolsuite and Sone are experimenting with the social side of music NFTs. Source
ConsenSys raises $450M in Series D funding, doubles valuation in four months
On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in November 2021. Proceeds from the round will, in part, be converted to Ether (ETH) to rebalance the ratio of ETH to United States dollar equivalents…
Solana Metaverse Project Dragon War Reveals IDO Plans
Dragon War, a turn-based strategy game built on the Solana blockchain, has revealed details about its highly-anticipated public sale. Between March 20 and 23, the project will list its native $DRAW token via three separate launchpads – Solanium, Red Kite and Starpunk. The sale will give investors the opportunity to purchase an asset (sale price: $0.012) that can be used in Dragon War’s gaming ecosystem to purchase NFTs such as heroes and dragons, as well as for staking and governance purposes. The IDO Whitelist Open Schedule is as follows: Starpunk:…
Decentralized Identifiers To Disrupt The Monopoly Of Centralized Institutions Across The Internet
The world wide web was originally designed to be transparent, inclusive, and open to all. However, as technology progressed, the original vision was largely abandoned, leading to an overly centralized online ecosystem. Web 2.0, the version of the internet that we are currently living and most familiar with, has several drawbacks that we rarely discuss. Most of these problems stem from the fact that most Web 2.0 relies on digital identifiers. But what are these “digital identifiers,” and why do they matter? In the simplest terms, digital identifiers are used…
GARI Emerges As Second-Biggest Project On The Solana Blockchain
Just six months after its launch, the GARI cryptocurrency launched by Chingari has staked its claim as the second-most popular token on the Solana blockchain with more than a quarter of a million holders. That’s according to data from GenX Analytics, which shows there are now 238,000 individual GARI token holders, putting it behind only the KIN token – which has 2.9 million holders – in the overall Solana popularity stakes. It’s well ahead of the chasing pack too, with SOLCHICKS, the third-most widely held token on Solana, counting just…
Bitcoin risks final ‘bear market capitulation’ as rich investors continue BTC selloff — analyst
Bitcoin (BTC) could undergo one last bear market capitulation if “whales” — addresses that hold more than $1 million worth of Bitcoin — ramp up their selling pressure, according to on-chain analyst Willy Woo. Room for another Bitcoin drop? Woo assessed the average price at which short-term investors entered the Bitcoin market across history and charted the daily change in the value. That resulted in a cost basis, a metric that signals when “inexperienced” traders sell BTC to “experienced” traders during a BTC free fall, which typically coincides with the market bottom.…
McLaren to Mint NFTs of Luxury Supercars in InfiniteWorld Partnership
CryptoX – Cryptocurrency Analysis and News Portal McLaren Automotive plans to create and mint non-fungible tokens (NFTs) of its luxury supercars in a partnership with metaverse infrastructure platform InfiniteWorld. Original Source The post McLaren to Mint NFTs of Luxury Supercars in InfiniteWorld Partnership appeared first on CryptoX. CryptoX Portal
Amex trademark filings suggest possible entry to the metaverse
Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse. According to applications submitted to the U.S. Patent and Trademark Office on Wednesday, American Express may be readying to provide “virtual concierge services” related to credit card transactions “in the metaverse and other virtual worlds.” The applications included trademarks on the use of some of its logos and branding with virtual payment cards, conducting banking services in the metaverse and using its cards at a nonfungible token,…