nCore co-founder Vishal Gondal is however optimistic that Web 3 products can make inroads through additional incentives on offer. “Currently when you’re playing a game, the maximum upside for you was to become part of some community. Now while you’re playing the game, you also have the chance to own the value of the game,” he said to Tech Crunch. Source
Pocket Network usage, as measured by the number of API calls processed by the protocol, has more than doubled on a monthly basis since last July. Weekly relays have increased from tens of thousands at the start of 2021 to over 2 billion in a single week in December, Pocket Network said in the press release. Source
LinksDAO says buying the NFTs would provide their holders exclusive perks, such as the right to purchase a membership at the first physical club LinksDAO acquires, discounts on golf tee times and access to members-only Discord channels, including guest appearances by golf, business and celebrity luminaries. Source
The BadgerDAO decentralized finance protocol appears to have suffered from a cyber attack leading to the loss of a reported $10 million at the time of writing. The attack, which was made public at about 2 a.m. UTC on Dec. 2, targeted the protocol on the Ethereum network at contract address 0x1fcdb04d0c5364fbd92c73ca8af9baa72c269107. FYI, nasty frontend attack on Badger, looks like ~10m taken out of people’s wallets using rug approval. If you’ve interacted with anything badger related in last few weeks, check and revoke asap https://t.co/vJPMmBZ3af — Spreek (@spreekaway) December 2,…
A decentralized finance (DeFi) mainstay is the latest to fall victim to a hack, with $10 million in various cryptocurrencies being stolen from the BadgerDAO yield vault protocol. Users first reported possible problems in the protocol’s Discord at 9 pm EST Wednesday night. Current speculation in community channels is that the hack is the result of an exploit in the Badger.com user interface, and not in the core protocol contracts. Many affected users report that while claiming yield farming rewards and interacting with Badger vaults, they noticed their wallet providers…
Cryptocurrency payments continue to gain traction in the world of luxury goods, with a 170-foot yacht being the latest example. The owners of Italian-built Vianne said in a statement Monday that prospective buyers will be able to buy the vessel with bitcoin (BTC), ether (ETH), dogecoin (DOGE) as well as SOL, FTM, BNB or “top tier” non-fungible tokens (NFT) from the CryptoPunk or Bored Ape Yacht Club collections. That said, a 10% fiat deposit is required. Vianne is listed for $10 million and can be chartered this winter for $196,000…
On Tuesday, pSTAKE, a liquid staking protocol from decentralized finance (DeFi) platform Persistence, announced in a statement provided to Cointelegraph that it had closed a $10 million strategic funding round from venture capital firms. Tendermint, the core developer behind the Cosmos network, powers Persistence blockchain with its consensus engine. Liquid staking is the practice of users “double-dipping” with their crypto assets — i.e., allowing them to stake their crypto in one pool and use their staked assets to farm yields in a liquidity provider pool, or vice versa. The process…
PStake, the liquid staking protocol from Indian trade finance company Persistence, has closed a $10 million strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and Defiance Capital. Other investors in the round included Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital, Spartan Group and a number of angel investors. Source
Crypto exchanges Luno and Bitso, who are Notabene customers, also took part alongside Blockfi, Gemini Frontier Fund, Illuminate Financial, CMT Digital, Fenbushi Capital and ComplyAdvantage CEO Charlie Delingpole. Existing investors Castle Island Ventures and Green Visor Capital also participated. Source
Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets. Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal: “As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides users with convenient access to liquidity, an ever-present concern in the hyper-competitive DeFi world. We are also able to leverage Cardano’s speed, scalability and security to offer a decentralized financial solution that works for everyone,…