Aptos blockchain takes a step towards smoother user onboarding in the decentralized world (Web3) with the launch of Aptos Connect. This web-hosted keyless wallet leverages zero-knowledge proofs (ZK-proofs) for user verification, offering a simpler alternative to traditional methods. Aptos Connect removes the hurdle of managing private keys and seed phrases by allowing users to connect … Read more
DWF Labs, a prominent Web3 investment firm and market maker, has announced the launch of a $20 million initiative called the Cloudbreak Fund. This fund aims to empower and accelerate the growth of promising Web3 projects specifically in Chinese-speaking regions. The Cloudbreak Fund will target various sectors within the Web3 landscape, including: GameFi: This combines … Read more
In a recent development that has caught the attention of the crypto community, the Web3 Foundation and Parity Technologies, both instrumental in the Polkadot ecosystem, have sought to allay concerns surrounding the depletion of the Polkadot treasury. The issue came to the forefront following reports that questioned the blockchain’s financial health due to perceived excessive … Read more
Leading Bitcoin mining company, Bitfarms, has announced a significant increase in its Bitcoin production for June, following a comprehensive upgrade to its mining infrastructure. The company’s monthly production report revealed a 21% month-on-month rise in Bitcoin production, reaching 189 BTC in June, up from 156 BTC in May. This boost in production comes despite temporary … Read more
Animoca Brands, a leader in Web3 gaming and the metaverse, is making a big bet on the Telegram-linked TON (The Open Network) blockchain. Their partnership aims to bring over 100 million new users to the world of Web3, according to a recent statement. This ambitious target stems from TON’s integration with Telegram, a messaging app … Read more
Pudgy Penguins, the popular NFT project known for its adorable penguin characters, is making a strategic move to expand its ecosystem. Igloo, the parent company of Pudgy Penguins, has recently acquired Frame, a blockchain development studio, with the aim of creating a dedicated Layer 2 solution for the project. Frame Joins Forces with Igloo Frame, … Read more
Zeta Markets, a Solana-based decentralized perpetuals exchange, has officially launched its native ZEX token and kicked off a significant airdrop initiative. The airdrop, comprising 100 million ZEX tokens (10% of the total supply), aims to reward early users and foster long-term engagement with the protocol. The airdrop is structured in two phases: Phase 1: 8% … Read more
In a fervent appeal to the Pi Core Team, prominent Pi Network community member, M. Rad, has reiterated his request for the official launch of the Pi Network mainnet on June 28th, 2024. Notably, this is not the first time M. Rad has voiced this request, having made similar appeals in the past. This latest … Read more
Hong Kong is setting its sights on emerging technologies like decentralized finance (DeFi) and the metaverse to solidify its position as a global fintech leader. A recent push by the Hong Kong Institute for Monetary and Financial Research (HKIMR) highlights the potential of these areas. The HKIMR, the research arm of the Hong Kong Academy … Read more
Aave, a prominent decentralized finance (DeFi) lending protocol, has shown signs of life after dipping to its lowest point this month. The token’s price surge is likely fueled by a renewed interest in DeFi products, as investors seek lucrative returns in a volatile traditional market. DeFi’s Allure in Uncertain Times The cryptocurrency market, along with traditional … Read more