Ampleforth – the algorithmic stablecoin with elastic supply – has been introduced in Aave’s lending ecosystem. Ampleforth (AMPL) Now Included in Aave While most stablecins have a stable peg, Ampleforth (AMPL) is doing things differently. It’s designed in a way where the algorithm chases a target price and readjusts the overall supply. If the price...Read More
Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a...Read More
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has revealed that it is launching a new NFT-focused arm, dubbed Polygon Studios. Polygon Launches Gaming and NFT Arm In an official press release shared with CryptoPotato, Polygon noted that the new division will be focused on growing the global Blockchain Gaming and NFT industry,...Read More
Spores Network, a new creator-centric NFT and DeFi platform, has announced that it raised about $2.3 million from investors in a just-completed funding round. Cardano’s First Full-Stack DeFi Platform In a press release shared with CryptoPotato, Spores noted that it is stepping up its game to become the first full-stack NFT and DeFi platform to...Read More
Gaming developers employing the services of Community Gaming will be able to take advantage of enhanced scalability through a new collaboration with the popular blockchain-based Layer 2 protocol – Polygon. Community Gaming Partners with Polygon Describing itself as an “all-in-one platform offering esports infrastructure to all key stakeholders in the industry,” Community Gaming is a...Read More
In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities. Alchemy Integrates Polygon The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network. ...Read More
While a slew of DeFi tokens are surging in value, the ‘Dogecoin Killer’ Shiba Inu has topped the Ethereum network in terms of gas usage, suggesting a strong connection between the two. Shiba Swap and the ensuing DeFi Wave Earlier yesterday, SHIB (the official Twitter account for the SHIBA ecosystem) announced that Shiba Swap had...Read More
The Knesset, Israel’s unicameral legislative body, could become the world’s first government entity to employ blockchain technology, and more specifically – NFTs. The incoming President Isaac Herzog will reportedly receive an NFT of the original oath signed by his late father – the nation’s sixth President. Born in 1960, Isaac Herzog is the President-elect of...Read More
IAGON, a Norway-based blockchain startup focused on decentralized cloud computing, has announced the completion of seed funding to the tune of $3.4 million. According to the announcement today, the latest round saw participation from reputable crypto and blockchain firms, led by LedgerLink Labs. Other investors include Blockchain Israel, AU21 Capital, Kirin Fund, Coinsgroup, Alphabit, Launchpool,...Read More
Metis, the blockchain protocol aiming to serve as Layer 2 for the Ethereum network, has launched its second testnet enabling users to preview the platform. Additionally, the project has unveiled a new Ecosystem Development Program with a more robust and accessible DLT. Metis Launches Second Network Testnet Developed as an Optimistic Rollup, Metis advertises itself...Read More
Polygon has announced that it will be partnering with 0x to raise a total of $10.5 million that will be used to attract more users into choosing its platform and the Ethereum blockchain. According to a press release shared with CryptoPotato, the funds will be used to support projects and developers on the Polygon network, thus...Read More
The popular cryptocurrency exchange Bitrue has delegated one million ADA tokens to a public stakepool. The company has done so on the 1LOVE stakepool to contribute to the blockchain project’s development and further enhance decentralization. Bitrue Delegates 1M ADA Tokens For Staking Launched in July 2018, Bitrue advertises itself as “the most secure and advanced...Read More
The Federated Byzantine Agreement-based (FBA) network, Flare, has announced the completion of another funding round in which it raised over $11 million. Kenetic Capital led the investment as some of the notable names that participated included Digital Currency Group, Coinfund, LD Capital, Wave Financial, and Borderless Capital. Flare Raises $11M Built as a scalable, decentralized...Read More
Decentralized service protocol, Automata Network, will be launched on Binance Launchpool and also managed to raise $2.4 million from investors in a just-concluded funding round. According to a press release shared with CryptoPotato, the fresh capital is of $1 million raised during a seed round conducted in March. Binance to Lists Automata (ATA) on June...Read More
Polygon, the Ethereum layer-2 solution formerly known as Matic Network, has released the first version of its network enabling developers to deploy ETH-compatible chains using the Ethereum Virtual Machine. Dubbed Polygon SDK, it marks the start of Ethereum’s transition into a multi-chain ecosystem. Polygon SDK Arrives Ever since the protocol’s rebranding from Matic Network to...Read More
Justin Sun’s TRON has partnered with BSCPad to develop and release the first IDO launchpad build on its blockchain. Dubbed TRONPAD, it will take place exclusively on BSCPad and aims to mimic the latter’s recent success. TRONPAD Coming From TRON and BSCPad Advertised as the “fastest-growing launchpad in the DeFi space,” BSCPad saw the light...Read More
Fox Broadcasting Company partnered up with Dan Harmon – co-creator of Rick and Morty – to develop animated series based on blockchain technology. The comedy series, dubbed ‘Krapopolis,’ will introduce the sale of non-fungible tokens illustrating the characters and artwork featured in the show. Fox Enters The Crypto Community The American commercial broadcast TV network...Read More
Blockchain-based project Revuto has entered into a strategic partnership with Cardano and will launch its decentralized application on top of the latter’s blockchain. Both parties aim to enhance recurring DLT-based payments for various subscriptions, including movies, music, cosmetics, food, and more. Revuto Goes on Cardano By utilizing blockchain technology, Revuto enables its users to “save...Read More
Huobi Group, the holding company of the leading cryptocurrency exchange, Huobi Global, has recently launched a new subsidiary geared towards decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and mergers and acquisitions. Huobi Devotes $100M to DeFi In a Thursday press release shared with CryptoPotato, the company noted that it has already deployed $100 million to...Read More
deFIRE is a decentralized smart order routing engine being built for the Cardano ecosystem incubated and supported by Occam and powered by the industry leader in cross-chain liquidity provision, Changelly. It offers execution services across decentralized exchanges (DEX) such as token swaps, order routing services across DEXs, and providing intermediary services between order flow originators...Read More
E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform. According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips,...Read More
The automatic market maker (AMM) running on top of Ethereum, Balancer, announced that Version 2 of its platform is already live. It promises lower gas costs, a redesigned interface, and an enhanced user experience. Balancer V2 Arrives Built on Ethereum, Balancer is a DeFi protocol enabling users to trade ether and ERC-20 tokens in a...Read More
QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem. QAN Successfully Closes a Funding Round of $2.1 Million The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer...Read More
DeFi protocol Rari Capital plans to reimburse its affected users after a hacker managed to exploit its liquidity pool, draining 10 million worth of Ethereum (ETH) – around 60% of users’ funds. Jai Bhavnani, Rari Capital CEO, said the protocols’ core contributors have agreed to return 2 million of their $RGT —which was initially allocated...Read More
The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks. ORAO to Launch Products on TRON Described as a “blockchain agnostic oracle platform...Read More
Ethereum layer-two protocol, Metis, announced that they’ve successfully closed $4 million in a brand new funding round. $4 Million of Funding for ETH Layer Two Solution Metis Metis is an Ethereum layer-two protocol. According to a press release shared with CryptoPotato, the company managed to raise another $4 million in a growth round that was...Read More
Reef Finance, the cross-chain DeFi operating system, has launched its platform for initial DEX offerings (IDOs) called ReefStarter. The new product will focus on projects from the decentralized finance space, allowing them to swap tokens cheaply and rapidly. ReefStarter Going Live Describing itself as the “first cross-chain DeFi operating network,” Reef Finance enables traders to...Read More
The mania of non-fungible tokens has intertwined with another massively popular trend for the past nearly half a century – Star Wars. Fans of the iconic space franchise will be able to interact with over 800 collectibles built as NFTs called StarColls. May The Force Be With NFTs QANPlatform – a hybrid DLT platform enabling...Read More
Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal...Read More
Jigstack, a DeFi project aiming to govern high-quality revenue-generating network solutions on Ethereum, has successfully raised $3 million in private and public funding rounds. The protocol plans to utilize the funds to build the DAO of the decentralized finance sphere. Jigstack Raises $3M in Funding Rounds Describing itself as the “missing piece of DeFi,” Jigstack...Read More
