Author: Puskar Pande
A metaverse: What is it? An introduction to virtual worlds
The metaverse is essentially a virtual environment where people may communicate with each other and their surroundings in real-time, akin to a “universe beyond” our actual reality. This idea goes…
An IDO: What Is It? An explanation of the first DEX offer
One reason for the increasing popularity of IDOs in the cryptocurrency world is their efficiency. They enable funders to hold funds prior to a protocol launching its coin or token…
After 5 million downloads, GOQii Releases Rewards for Universal Health Tokens
By completing health-related challenges and consultations, users can receive $UHT awards that can be exchanged for goods, NFTs, and savings on medical supplies and services. Key elements of GOQii’s platform…
MakerDAO introduces redesigned governance tokens and stablecoins
NewStable (NST) and NewGovToken (NGT), respectively, are the improved versions of MakerDAO’s DAI stablecoin and the MKR governance token. The release from August 22 states that switching to the new…
Binance Declares Its Support for The Telegram Ecosystem’s New Dog-Themed Memecoin
Binance has announced that it would be listing Dogs (DOGS), a memecoin, on The Open Network (TON), a layer-1 blockchain. On August 23, Binance will feature DOGS for the first…
Stork Network, a Web3 oracle provider, raises $4 million in startup money
Seed money totaling $4.7 million was raised by Stork Network, a provider of web3 oracles. Wintermute and CMS also participated in this round, which was led by Lightspeed Faction and…
Justin Sun’s USDD stablecoin is no longer supported by Bitcoin
After removing over $750 million worth of bitcoin backing the USDD stablecoin on Wednesday, Tron founder Justin Sun is reassuring users that they shouldn’t be concerned. Launched in 2022 as…
Pre-seed funding totaling $8 million is raised by Bitcoin restaking platform SatLayer
In a pre-seed investment round, $8 million was raised by SatLayer, a Bitcoin restaking platform based on the Bitcoin staking protocol Babylon. According to SatLayer on Thursday, Franklin Templeton, OKX…
Supported by paradigms Conduit gives rollups seeking to boost scalability access to a marketplace
Conduit, a cryptocurrency infrastructure firm, has announced that it would be launching a marketplace platform to assist rollup teams in becoming more scalable. Conduit produces tools that enable developers to…
SEC rebuffs Richard Heart, the founder of Hex, attempts to get the case dismissed
In response to the complaint that was brought against Richard Heart, the founder of Hex, the U.S. Securities and Exchange Commission stated that it was within its rights to prosecute…
YieldNest introduces a new token for liquid trading
According to a statement released on August 21, the decentralized finance (DeFi) system YieldNest is introducing a new liquid staking derivative (LSD) dubbed ynLSDe that is intended to collect restaking…
TRON (TRX) Is Nearing An All-Time High as Memecoin Mania Volume Soars 200%
With all the attention on the TRON ecosystem, it’s possible that TRX, the native coin, may soon reach a new all-time high (ATH). The introduction of SunPump and the subsequent…
Closed beta for Shiba Eternity launches: Web3 Migration, NFT Inventory, and Improved Player Experience
The marketing lead for Shiba Inu, Lucie, recently announced on X that the much awaited collectible card game, Closed Beta, has now officially launched on the Shibarium mainnet. This card…
A Bloomberg analyst believes that approval of the Solana ETF depends on Trump’s victory in 2024
The CBOE website recently removed the 19b-4 files from VanEck and 21Shares, which makes it seem unlikely that the spot Solana ETF would be approved in the US at this…
Together, Aethir and Return Entertainment Will Revolutionize Gaming on Smart TVs
Return Entertainment, a cloud-native gaming firm aiming for the smart TV market, has teamed with Aethir, a GPU-as-a-service provider and decentralized physical infrastructure (DePIN) initiative. Through this partnership, Return Entertainment’s…
China Mobile and Conflux Network to Introduce Ground-Breaking Digital Collectibles
As the first public blockchain in China that complies with regulations, Conflux Network has established a major alliance with China Mobile, the nation’s biggest telecom operator with more than one…
$2 million is secured by Nexus Interactive for the expansion of Web3 gaming
The money will go into creating new games and improving Nexus Interactive’s current environment, which has already generated a lot of income and community involvement. Animoca Brands, Jump Crypto, and…
Story Protocol Puts Up a $80 Million Bid to Restructure Intellectual Property Rights in the AI Age
In order to develop Story Protocol, a layer-1 network for licensing and protecting intellectual property in the digital age, PIP Labs announced $80 million in Series B fundraising on Wednesday….
Investors Pantera Capital Purchases Animoca’s TON-connected GAMEE
The mobile gaming platform that powers the WatBird game, GAMEE, is a division of Animoca Brands, and Pantera Capital has invested in it. WatBird was created as a Telegram Mini…
As the hash price of bitcoin stays low, interest in mining Kaspa and Alephium is growing
Cryptocurrency Miners Go Beyond As of today, in the final four months of 2024, the fourth most profitable way to mine bitcoin is by employing the SHA256 consensus algorithm. The…