NFT Tech Follow Apr 25
· 6 min read
👾NFTs 🟢 KuCoin Ventures and KuCoin backed Windvane NFT marketplace launch $100 million Creators Fund
The fund will help bootstrap early-stage NFT projects.🟢 Coinbase reveals beta version of social NFT marketplace
Coinbase NFT has a similar user experience to Instagram and will make interacting with and purchasing NFTs an easier experience.🟢 Moonbirds shatter OpenSea records with $240M traded within four days of launch
The pfp collection minted at 2.5 ETH.The floor has quickly risen to 20 ETH.The collection accounts for almost 40% of OpenSea volume over the past four days (written on Wednesday).
Each Moonbird unlocks private club membership and additional benefits the longer you hold them.🟢 Louis Vuitton releases new NFTs
The NFTs feature in the luxury fashion giant’s stand-alone mobile app game, “Louis: The Game.” 🟢 Index Coop launches new NFT index fund
The index, called JPG, provides holders with exposure to high-value NFTs, such as CryptoPunks, Bored Ape Yacht Club, Meebits and Fidenza.
JPG can be purchased on UniSwap.🟢 Emirates Airlines is launching an NFT
The company has also announced plans to offer branded experiences in the metaverse.🟢 OpenSea suspends trading of Sand Vegas Casino Club NFTs following regulatory pushback
Gambling Apes NFTs provided a share of profits from casinos in metaverse platforms and Web2.
Stories like this and news that UniSwap are banning certain wallets from its frontend shed light on issues pertaining to centralization in an apparently decentralized space.💰 Macro & Crypto Macro 🟢 Blockchain technology key to combating climate change, report says
Tokenizing carbon credits increases liquidity and transparency.Smart contracts afford enhanced automation, which can streamline business flows.🟢 Australia to list its first Bitcoin ETF next week
If demand for the ETF follows a similar trajectory to Canada’s Purpose Bitcoin ETF, between $550 million to $750 million could flow into the fund within a week.
🟢 Investors poured $2.5B into crypto games in Q1 2022
If the rate of investment sustains throughout 2022, $10B will enter crypto gaming this year.
This is 2.5x more than 2021, indicating that interest in gaming is growing.🟢 New report highlights DeFi growth and institutional interest
The report reveals the total value locked in DeFi has grown from $601 million at the start of 2020 to $239 billion so far in 2022, a 40,000% rise.Large institutional transactions have made up the largest segment of DeFi transactions by volume since Q4 2020.
🟢 Hawkish FOMC statement causes bitcoin outflows
Coinshares report shows $97 million flowed from institutional crypto investment products last week, with $73 million just in Bitcoin.🟢 US Treasury sanctions Russian crypto miners
The Office of Foreign Assets Control added Russia-based cryptocurrency miner BitRiverand 10 of its subsidiaries to its Specially Designated Nationals list.
“By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources,” the Treasury’s announcement said.🟢 Crypto has put pressure on the Bank of England’s budget
The Bank’s regulatory arm needs additional funding to cover the costs of its watchdog responsibilities, the bank says.🟢 Stripe Enables Crypto Payouts in USDC
This is big news for crypto.Stripe is one of the biggest payments companies in the world and was the first major payments provider to support bitcoin payments in 2014.
Stripe will use its payout platform, Connect, and the Polygon blockchain, to deliver the service to people from around 70 countries.Stripe plans to support crypto payouts in over 120 countries by the end of 2022.🟢 Binance to limit services in Russia
The move comes following a fresh round of EU sanctions.🟢 Google data shows retail interest in bitcoin is falling
Global searches for bitcoin have dropped to mid-2020 levels.
This does not mean that the number of searches is falling, but that the number of searches relative to other searches is. 🚀 Crypto & Business
🟢 MetaMask warns users to disable iCloud backups for its app
The warning provides details on how to protect yourself against potential password hacks.🟢 EVMOS to relaunch on Tuesday next week
The long-anticipated EVMOS launch in March was unsuccessful.If the relaunch next week is a success, it will mean EVM-compatibility on Cosmos, allowing for interoperability with Ethereum.🟢 Astroport breaks top five DEXs by share of volume
The Terra AMM has witnessed impressive growth since its launch in December 2021 and has successfully captured the growth of the rest of the Terra ecosystem.🟢 WonderFi announces plans to purchase second crypto exchange in Canada
The deal will see the Canada-based decentralized finance company own two of the six registered cryptocurrency trading platforms in Canada.🟢 Algorithmic stablecoin protocol Beanstalk exploited for $180 million
The hack is the fifth-largest protocol exploit to date.🟢 Ethereum Foundation, AMD, Polkadot announce $7M Zero-Knowledge scaling competition
Zero-Knowledge (ZK) proofs offer a scaling solution for blockchain protocols like Ethereum.
Innovations in ZK technology are one of the industry’s most exciting developments in 2022 due to the scalability promises the technology offers for layer 2 on Ethereum.
The competitor that creates the best ZK algorithm must open-source their code.🟢 UniSwap faces lawsuit from trader who lost money trading on the platform
The lawsuit pertains to a lack of investor protections and was brought by Nessa Risley, who lost money investing in EthereumMax, Matrix Samurai, Rocket Bunny, Alphawolf Finance, Bezoge Earth and BoomBaby tokens.The case is interesting because UniSwap is a decentralized protocol.UniSwap Labs only controls the front-end, but anyone can create a liquidity pool and list their tokens.
A court may end up deciding whether Risley should have taken greater care with her investments.But if Risley wins, it would set an interesting precedent.🟢 Framework Ventures announces $400 million fund
Half of the capital in the fund will be deployed in the web3 gaming space.🟢 Cardano added 400 new projects and 100,000 new wallets over the last month
Despite the increases, the number of working dApps on Cardano is limited.However, Cardano founder Charles Hoskinson has suggested that the upcoming Vasil hard fork could lead to substantial improvements for the platform.🟢 Blockchain.com planning 2022 IPO
The exchange and block explorer will be the second crypto exchange to go public in the US if it can complete the IPO before Binance.US.🟢 MakerDAO adds StarkNet bridge
The DAI stablecoin issuer’s bridge is the first step towards a multichain MakerDAO.🟢 Aave TVL on the rise
The rise in TVL for the DeFi heavyweight can be attributed to the launch of Aave v3 on Avalanche and the protocols liquidity mining program.
🟢 Goldman Sachs reportedly eyes FTX alliance
Goldman Sachs is reportedly offering regulatory and public listing assistance to FTX.The TradFi heavyweight has come a long way since its days of bitcoin bashing .🟢 Tron to launch decentralized stablecoin, USDD
To attract capital, the Tron DAO Reserve will set the interest rate at 30% APR.Like UST, USDD will use $10 billion in reserves.
TRON’s relationship with USDD will be similar to that of LUNA’s with UST.🟢 NEAR launches $USN stablecoin on testnet
There is currently no information about the stablecoins mainnet launch date.🟢 UST overtakes BUSD to become the third biggest stablecoin in crypto
What a week it has been for stablecoins.UST and the Terra ecosystem have outperformed the wider market over the last few months.
Terra also became the largest buyer of CVX over the past 30 days.This gives UST a leg-up in the ongoing Curve wars , increasing UST’s liquidity and ability to maintain its peg.🟢 a16z Crypto launching web3 research lab
The academic lab will focus on tackling research problems facing the industry.🟢 Flare gas-powered Bitcoin miner Crusoe Energy Systems raises $505 million
The miners use excess natural gas, in theory reducing methane emissions while generating a profit.
🟢 CoinDCX raises over $135M
The new funding brings the Indian crypto exchange’s valuation to over $2 billion.🟢 Valkyrie Launches Multi-coin Trust
The move comes following increased demand for multi-asset exposure from family offices and high net worth individuals.🟢 Fidelity launches metaverse experience and new ETFs
Fidelity Investments has launched a financial education experience in Decentraland in an effort to attract a new generation of customers.
Fidelity is not the first TradFi giant to enter Decentraland, with JPMorgan unveiling their own virtual lounge in Decentraland in February.🟢 MetaMask temporarily down due to Infura outage
Infura is MetaMask’s default remote procedure call (RPC) provider.
RPC providers act as an interface for dApps like MetaMask, allowing them to interact with the blockchain.🟢 Uniswap Labs now blocks certain crypto wallets from its app’s frontend
Wallets participating in illegal behavior will now be unable to use the protocol.🐦 Follow us on Twitter for more news and updates!.