Arcade says it currently has more than $15 million locked up in blue chip NFTs and $6 million in loan volume, with average loans being around $350,000, a representative told CoinDesk. (Blue chip NFTs are considered to be those among the highest valued in the market, like Bored Ape Yacht Club, CryptoPunks or Doodles.) Source
The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the release of a new whitepaper. According to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX, called Sonic, launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP/WICP (wrapped ICP), ICP/XTC (Cycles Token), and WICP/XTC. Users can also earn rewards for providing liquidity. Sonic, the first DEX…
“It’s important that Ronin has shared ownership by the community that builds and uses it. In the first month of Ronin, Axie experienced a 300% increase in monthly NFT trading volume and a 131% increase in daily active battlers,” said Jeff Zirlin, Sky Mavis growth lead and co-founder. Source
“There was a lot of excitement for crypto in Brazil,” Reinsberg said. “But, specifically in the Celo community, we have seen a lot of teams built on Celo, integrated with Celo, using cUSD. From the outset, Brazil was obviously one of the strongest markets in terms of adoption.” Source link
The growing popularity of the decentralized gaming market is driving demand for new infrastructures capable of supporting the deployment of new gaming formats. The DCD Protocol has announced that it is launching a tailored solution that would allow game developers to release their projects using a broad range of convenient and flexible instruments. The DCD Ecosystem development team has announced that it will be deploying a solution that will make blockchain technologies accessible to a wider range of developers. The Protocol was developed as part of an ongoing initiative by…
To make cross-border securities transactions more secure and efficient in Asia and the Pacific region, the Asian Development Bank (ADB) is going a notch higher by deploying a blockchain-powered project to connect securities depositories and central banks. Per the announcement: “Working with leading blockchain companies, ADB will seek to develop ways to directly connect central banks and securities depositories in the ASEAN+3 region within a Blockchain network.” Therefore, the project will cover South Korea, China, Japan, and the Association of Southeast Asian Nations (ASEAN). The time constraint is…
The former Head of Product for “Marcus by Goldman Sachs” has launched a crypto investing app, “Domain Ventures,” raising $33 million from investors on Jan 25. Adam Dell, brother of Dell computers tycoon Michael, assembled a team of 25 former staff members from Goldman Sachs. Other staffers are leaving their roles at Bridgewater Associates, Morgan Stanley, Coinbase Global Inc. and BlockFi. Former Goldman Sachs CTO Elisha Wiesel, and Christopher Giancarlo, thformer Chairman of the Commodities Futures Trading Commission have also been tapped to join the project. The app is targeted…
Spinning up a cryptocurrency-fueled investment community in the form of a decentralized autonomous organization (DAO) should be as easy as creating a group chat. That’s according to Syndicate Protocol, a decentralized investment platform tapping into the power of social networks, which announced on Tuesday the beta launch of its first crypto-native investing tool: Web3 Investment Clubs. The startup, which raised $20 million in the summer of last year, has taken the concept of traditional investment clubs, where groups of people are invited to meet up in town halls, restaurants and…
Non-fungible tokens (NFT) marketplace OpenSea launched a new listing manager, among other measures, to mitigate a user interface flaw that saw over $1 million worth of NFTs sold at prices far below their market value. On Monday, three attackers were able to take advantage of the bug and buy popular NFTs at older, lower prices, and sell them for a massive profit. An OpenSea spokesperson told CoinDesk via email that “this is not an exploit or a bug” but rather “an issue that arises because of the nature of the…
The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready, Google’s president of commerce, stated on January 19 they were paying a lot of attention to the area. Google Goes Blockchain Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group. The…