The Ethereum Name Service (ENS) has proposed an upgrade to ENSv2, which involves migrating to Layer 2 to reduce gas fees and enhance transaction speeds. According to ENS Labs, ENSv2 will entail a thorough overhaul to Layer 2 and a restructuring of ENS to include a hierarchical registry, aiming to improve the management and customization … Read more
MoonPay has intensified its efforts in catering to brands seeking enhanced digital experiences, as announced on May 28. The company is rolling out a dedicated platform aimed at providing Web3 tools for digital engagement. This new platform integrates MoonPay’s existing services with novel tools, encompassing crypto payments, authentication, identity verification, ticketing, tokenization, and NFT minting. … Read more
Polygon Labs, the entity behind the Ethereum-linked blockchain network Polygon, is intensifying its focus on zero-knowledge (ZK) solutions through a significant organizational change. On May 29, Polygon Labs officially announced the appointment of Sandeep Nailwal, its co-founder and executive chairman, to the role of chief business officer (CBO). In this expanded role, Nailwal will concentrate … Read more
LayerZero, a cross-chain interoperability protocol, is preparing for its first token airdrop, sparking debate over its strategy to combat token farmers. The central issue is LayerZero’s “anti-Sybil strategy.” Sybil attacks involve creating multiple wallets to exploit airdrops, inflating the protocol’s apparent popularity without adding long-term value. LayerZero connects isolated blockchains, enabling cross-chain messaging and applications. … Read more
The Anime Foundation is set to debut with key partners such as Animoca Brands, Animoca Brands Japan, MyAnimeList, and San FranTokyo, as revealed in a press release. Creating a Web3 Manga and Anime Community According to the press release, Anime Foundation connects web2 and web3 platforms with a community-driven cultural protocol for manga and anime. … Read more
Proof of Comunity isn’t just an event, it’s a movement. They Are a passionate community platform dedicated to web3 entrepreneurs and enthusiasts, and they are thrilled to invite you to join them at their Vietnam Edition During GM Vietnam. Together, let’s build the web3 future we all envision. Proof of Comunity: A Side Event at … Read more
Lending protocols offer a solution to this challenge by enabling DeFi users to deposit assets like ETH or BTC and borrow stablecoins, which can then be exchanged for other assets such as AI tokens, real-world asset (RWA) tokens, or meme coins. When employed prudently, lending empowers savvy DeFi users to optimize their returns. They can … Read more
Binance, the leading cryptocurrency exchange globally, has introduced the second project on its newly launched Binance MegaDrop platform: Lista (LISTA). MegaDrop offers users early access to select Web3 projects before their tokens are listed on Binance, integrating Binance Simple Earn and the Binance Web3 Wallet for a seamless airdrop experience. Lista functions as a liquid … Read more
DeBank, a cryptocurrency portfolio tracker, has launched a new authentication system called Credit, which is geared towards evaluating the legitimacy, engagement, and wealth of Web3 users across various platforms. In a recent update on X, DeBank revealed that Credit is now integrated directly into their platform. This system enables users to verify their “real user” … Read more
The market capitalization of NEAR is nearing its annual peak, indicating substantial interest and investment in the token. There’s a notable resistance zone hovering around the $9 billion threshold, which has been tested on numerous occasions, indicating robust selling pressure at this level. Analysis of the NEAR Protocol Market Cap The $9 billion major obstacle, … Read more