Category: Analysis

KnitFinance Is at the Forefront of Transforming the DeFi Market by Getting Trillion Dollar Plus Assets Onto Multiple Blockchains

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It would need a substantial infusion of liquidity from top assets for DeFi to truly achieve mainstream significance and get transformed into a trillion dollar ecosystem. Right now the decentralized finance ecosystem can only access a tiny section of the $2 trillion cryptocurrency market.  KnitFinance aims at enabling Multiple Blockchain networks to conduct DeFi transactions, and reducing entry barriers and asset risk for potential users. For this the platform has achieved a few milestones which will help drive its momentum to achieve its intended objective. For starters, KnitFinance has successfully…

Pera Finance: The First Daily and Decentralized Trading Competition in the DeFi Space 

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Pera Finance is a multi-layered and sustainable trading & yield farming protocol integrated with a fully-decentralized daily trading competition. The Decentralized Finance (DeFi) market which according to CoinGecko is worth over $138 billion [at the time of writing], has become one of the most profitable ways for investors to earn passive income. The advent of these protocols means that anyone can simply stake or lock up a certain amount of digital assets in a liquidity pool and earn rewards each time these funds are borrowed. Currently experiencing a massive boom…

How the NFT Request Platform Creaticles Can Transform the NFT Marketplace

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Unless you’re living under a rock, chances are you’ve already heard of NFTs (non-fungible tokens). They are unique or rare on-chain tokens representing off-chain real and virtual assets like music, art, and videos. Each token has a unique value of its own and cannot be replicated. In other words, NFTs are collectibles or souvenirs of the digital world. This trend of digital collectibles started with the popular blockchain game CryptoKitties and became popular with the recent DeFi boom. Popular digital artists and creators were quick to ride the NFT wave…

Mogul Productions Organizes NFT-based Contest 

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The first-ever decentralized film financing platform, Mogul Productions, is launching a non-fungible token-based competition for the holders of Access Pass. In addition to scoring a role in the upcoming movie, the winner also takes away over $1 million worth of STARS tokens. Mogul Production is a DeFi and NFT platform connecting movie fans, film producers, and creators. The goal is to create the best films and movies by giving voice to everyone involved in the production. The platform leverages blockchain technology and a tokenized system to incentivize engagement and reward…

Real World DeFi Protocol Centrifuge Announces Token Sale on Coinlist

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Registrations for the Centrifuge protocol token sale have started and live up to May 21st. Check the below details on registerations and timelines. The real-world DeFi protocol Centrifuge is all set to bring the multi-trillion dollar real estate market to Decentralized Finance (DeFi). As a result, Centrifuge has announced to conduct its token sale on the Coinlist platform. Centrifuge thus announced that the registrations for its token sale are now open with two different options: Option 1 will run from May 26 2021, 17:00 UTC to May 31 2021, 14:00…

Bringing the NNS to Life

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The highly anticipated Dfinity Mercury Genesis launch is upon us, and the team behind the Internet Computer project are all hands on deck to ensure an adequate understanding of the innovation by members of the public. Based on this, a detailed overview of the core design of the Network Nervous System (NNS), the brainpower for the entire system has been revealed. The announcement for the Dfinity Mercury Genesis launch by May 7 was unveiled back in April, after several milestones in the project’s roadmap had been attained. Prior to this…

Inside Wilder World: The Ultimate Metaverse

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Wilder World is an alluring, layered Metaverse with a wide range of applications that appeal to creators and collectors. We are at the dawn of metaverses with Decentraland, SomniumSpace, and CryptoVoxels all competing with each other within the same realm. Coming in May, a whole new experience in Wilder World will be available, created by a team of Wilders including famous 3D digital artist and NFT creator, Frank Wilder. Known for their subversive takes on immersive 3D art, the Wilders are building an NFT-powered metaverse. Wilder World will be completely…

Citigroup Considers Offering Crypto Services to Clients amid Increased Interest in Digital Assets

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According to the bank executive, Citigroup’s plan to consider crypto services was fueled by a “very rapid” increased interest of clients in digital assets. New York-based investment banking company Citigroup Inc (NYSE: C) is considering the launch of its crypto services. Citigroup plans to launch its crypto trading and custody services as the company sees an increase in clients’ demand for crypto-related services. The development was revealed by the bank’s global head of foreign exchange, Itay Tuchman. Citing Tuchman, Financial Times said that Citigroup is yet to decide whether it will offer crypto…

Ripple Reports ‘Phenomenally Strong’ First Quarter, Doubles Its XRP Sales

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As Ripple has stated, the surge in sales resulted from the increase in its On-Demand Liquidity (ODL) customers. Besides, it expanded XRP integration within several platforms. The first three months of 2021 turned out to be highly fortunate for Ripple, the company behind XRP. In the report released on Thursday, Ripple revealed it increased its XRP sales by 97% in the first quarter of 2021, it reached $150.34 million. In comparison, in Q4 2020, this figure was $76.27 million. Q1 2021 was phenomenally strong for crypto, with the overall market cap…

OpenOcean Completes Loopring Layer 2 DEX Aggregation

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OpenOcean will not collect any extra fees on top of the Loopring Layer 2 aggregation. OpenOcean, a crypto aggregator protocol that focuses on deploying liquidity from different DEXs and CEXs, has completed Loopring Layer 2 DEX aggregation. Notably, Ethereum users can now access cheaper and faster transactions with the same security offered on the Ethereum layer 1. “With the aggregation of Loopring, OpenOcean becomes the first Ethereum Layer 2 aggregator. We will continue to aggregate more Layer 2 to provide users with the best access to liquidity, pricing, and the…