PoolTogether raises 471 ETH with NFTs to fund legal defense
The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends. Go to Source Powered by WPeMatico
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Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, … Read more
The key technologies that power the Metaverse
Multiple metaverses use various technologies to build immersive worlds. Read about the key technologies that power the Metaverse. Go to Source Powered by WPeMatico
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities
A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields in … Read more
Injective partners with Wormhole to bring 10 new blockchains to the platform
“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated. Go to Source Powered by WPeMatico
The ‘Lunatic’ Movement: A Look at Terra LUNA’s Inception and the People That Helped Do Kwon Rise
After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder of a payment firm called CHAI. After Shin left … Read more
So-Called ‘Pharma Bro’ Martin Shkreli Turns ‘Crypto Bro’ — ‘I Started Using Uniswap in Prison’
Following his release from prison, the former hedge fund manager and convicted felon, Martin Shkreli, discussed cryptocurrencies and using the decentralized exchange (dex) platform Uniswap from a federal penitentiary. The so-called ‘Pharma Bro’ further explained that eventually, a crypto entity could dethrone some of the largest banking giants. Martin Shkreli Talks Defi and Cryptocurrencies Martin … Read more
What is total value locked (TVL) in crypto and why does it matter?
DeFi participants must be aware of the total value locked (TVL) indicator.Find out here what it is, how it is calculated and why it matters in DeFi. Go to Source Powered by WPeMatico
Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins
Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second to Ethereum in terms of total value locked. Today, the remaining … Read more
Crypto Custody Firm Fireblocks Launches Web3 Services Suite
Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several names in the industry, also includes gaming asset management for blockchain games on Ethereum … Read more