Search Results for: decentralized apps

Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater

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During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22…

Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized

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On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a…

Crypto Custody Firm Fireblocks Launches Web3 Services Suite

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Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of Web3 services. This suite will allow customers to leverage liquidity from different exchanges, and mint NFTs. The service, which has already onboarded several…

Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed

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Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon…

LABEL Foundation Announces the Strategic Partnership With Polygon Studios to Launch Their Dapp on Polygon Mainnet

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PRESS RELEASE. In this industry, it is crucial to establish key strategic partnerships in order to ensure both longevity and prosperity. As such, LABEL Foundation has officially announced a partnership with Polygon Studios, with the further intention to chase their multichain…

Jack Dorsey Claims if ‘You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure’

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The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk…

Layerzero Labs Secures $135 Million to Bolster Cross-Chain Interoperability

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Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation…

African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates

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An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build…

Circle Launches USDC on Flow Blockchain

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Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low…