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ProtoFi, a AMM and yield farming protocol featuring enhanced asset protection is live. It has a lot on its plate - from a dual token system to dividend payout. Is it worth checking it out? Let’s dive in. In 2020, with the rise of DeFi space, crypto startups promised
According to a report by the Financial Times, Meta (formerly Facebook) is working on a new feature that would allow users to display their NFT collections on Instagram. Citing unnamed sources, the FT reported on Thursday that the feature would allow Meta and Instagram users to mint and sell NFTs,
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Cudos has partnered with ground-based satellite data delivery firm Sfera Technologies in a bid to bring down operational and data processing costs by leveraging its cloud computing services. Cudos will connect with Sfera’s Ephemeris which is a decentralized structure built by the space firm specifically to harness the efficiency
The metaverse race appears to be going beyond a squabble for supremacy by tech giants. Governments are beginning to hop into the frenzy, with South Korea being the latest to embrace the tech. According to an article published by Korea Herald, the Korean government has set a target to nurture
It is definitely a season of capital raises by NFT and metaverse projects. From Burnt Finance’s $8 million Series A round on Monday to Metaplex’s $46 million round, investors are splashing million on crypto startups. Tom Brady’s Autograph NFT platform is one of the latest to receive
As part of its efforts to ramp up its metaverse plans, Microsoft will be acquiring Activision Blizzard for a whopping $69 billion. According to the tech giant’s CEO and chairman Satya Nadella, gaming “will play a key role in the development of metaverse platforms.” According to a Tuesday announcement
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Burnt Finance, a crypto startup that became famous for burning an original Banksy artwork and then selling higher as an NFT, has raised $8 million in a Series A round led by Animoca Brands. Other participants in the capital raise include Alameda Research, DeFiance, Figment, Multicoin Capital, Play Ventures, Spartan
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According to a recent report from Chainalysis, over $2.8 billion was lost to decentralized finance [DeFi] rug pulls in 2021 alone. A colloquial term for “scam”, rug pulls account for 37% of the scam revenue for the aforementioned year, a whopping increase in percentage from its 2020 report of
NFT News
A few days ago, the world's first Solana-powered social NFT mobile app, Artrade, announced its partnership with 2 of the most revered artists in the artistic world: El Motion Lab and Benjamin Spark. These 2 have, over the years, with great dedication and commitment, proven their worth in
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The Metaverse is disrupting the web 2.0 space and expanding its limits to what has now become web 3.0. This expansion is allowing influencers, brands, and audiences to experience the next-level digital economy. Currently, Metafluence is proving to be a groundbreaking project that aims to connect influencers and
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Imge su Cetin, CEO of Defy Trends, breaks the mold of the enigmatic night-owl coder with her strong leadership and outgoing personality. After sitting on her laptop programming or scraping together data from thousands of sources, she likes to unwind by bringing like-minded people together and learning from smart friends.
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Each and every non-fungible token is unique. Each and every company engaged in the blockchain business wants to have its own exclusive image. Company owners do their best creating the most exquisite and peculiar profile. Inimitable style is the key point of the image-building strategy. Let’s pay attention to
Metaplex Foundation, the protocol behind millions of Solana NFTs, has raised $46 million from several investors, including NBA legend Michael Jordan. The strategic funding round was co-led by Multicoin Capital and Jump Crypto, with participation from others like metaverse investment firm Animoca, Solana Ventures, and Alameda Research. In addition to
Following a partnership with Mastercard, Coinbase’s forthcoming NFT marketplace is set to address some of the critical pain points of transacting in the space. The crypto exchange announced the Mastercard partnership on Tuesday, noting that it was working with the payments giant to classify non-fungible tokens (NFTs) as “digital
NFT marketplace OpenSea announced on Tuesday that it had acquired Dharma Labs, a blockchain-based protocol for generic tokenized debt agreements. Meanwhile, Dharma's chief executive officer would become OpenSea's new chief technology officer. The confirmation comes weeks after Axios’s Kia Kokalitcheva disclosed that OpenSea was in
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Decentralized crypto and traditional banking service provider MELD has partnered with blockchain-based cloud computing Cudos network to offer a holistic financial service to users. The two platforms have teamed up to use their expertise to support the others’ functions. Financial Inclusion for All For many, banking and crypto operations may