Author: NBTC
Echelon has unveiled Bonds, a groundbreaking guild system enabling gasless and permissioned digital asset sharing within its ecosystem. This system is set to undergo Alpha testing in the coming weeks, involving Parallel players and administrators from five Bonds. Bonds allow players to borrow NFT cards and complete decks without any upfront costs, enhancing the free-to-play nature of Parallel by making access to NFTs and PRIME rewards completely free through a sharing system for gameplay winnings. According to the firm’s report, several key components of Bonds operate on-chain, including membership, member management, and rewards distribution. Each Bond is represented by an…
With US spot ether ETFs expected to launch very soon, a missing detail in several of the proposals remains the fee they will charge to investors. Those are likely to be listed on the final registration statements, or S-1s — submitted after the Securities and Exchange Commission says it is ready to allow them to begin trading. This could be as soon as this week, people familiar with the filings have told Blockworks. While price is typically an important fund feature in the competitive ETF arena, being the cheapest is not a guarantee to winning an asset race in any…
The Atlas fund is staffed by alums of high-frequency trading firm Millennium and hedge fund Bridgewater. Hypersphere intends to employ the multimanager approach used at Millennium and Bridgwater to provide investors with niche trading strategies while keeping volatility low. Cryptocurrency investment firm Hypersphere has unveiled a new fund with $130 million in assets under management (AUM) that will employ Wall Street-style strategies to generate returns from crypto assets. The Atlas fund launched in stealth mode in January, funded from Hypersphere’s balance sheet. It is staffed by alums of high-frequency trading firm Millennium and hedge fund Bridgewater, according to an emailed…
Pastel Network, a developer-friendly and decentralized L1 blockchain facilitating Web3 and NFTs, has announced a new partnership. According to the platform, it is joining forces with Nabox, a prominent multi-chain wallet providing extensive support for more than 50 diverse blockchains. The platform disclosed that this partnership denotes a remarkable move for both entities. Partnership Announcement!We’re pleased to announce a partnership between Pastel Network & @naboxwallet a multi-chain wallet supporting 50+ blockchains.
Accessible via Android, iOS, & Chrome extension
Enhanced security
User-friendly interfacehttps://t.co/lnz9OCzRhI — Pastel Network (@PastelNetwork) July 9, 2024 Pastel Network and Nabox Partner to Advance PSL Wallets On its…
Activity on Bitcoin’s Rune protocol has dropped significantly, with data showing it reached its lowest level on May 11. The Runes protocol has been making waves in the crypto space since its launch on April 19, coinciding with the latest Bitcoin (BTC) halving event. The protocol’s debut on April 19, which coincided with the latest Bitcoin halving, was nothing short of a blockbuster. It drove a surge in Bitcoin transaction fees, raking in a record $107 million in a single day and $135 million within the first week. However, the enthusiasm surrounding Runes seems to have cooled off in the…
Venture capital firm Electric Capital has launched a new tool attempting to provide a detailed overview of the complex crypto ecosystem. Dubbed the Crypto Market Map, the tool categorizes projects into six technological layers, ranging from core infrastructure to end-user applications. The map tracks over 1,500 projects, offering a structured visualization of the sector’s framework. The tool could assist stakeholders in navigating the industry’s growing complexities by helping users understand and make more informed decisions, according to the firm. According to Electric Capital, the six tech layers are Core Infrastructure, Scaling, Interoperability, Developer Tools and Services, Protocols, and Applications. Electric…
Ethereum is on the brink of a significant supply shock that could drive its price to new highs. A recent analysis by crypto analyst Lark Davis reveals that the Ethereum supply on exchanges is at an eight-year low, with only 10% of the circulating supply currently held on centralized exchanges (CEXs). This development sets the stage for a substantial increase in Ethereum’s value. A massive Ethereum supply shock is brewing.And it’s going to make the price of $ETH skyrocket.Here’s why:… — Lark Davis (@TheCryptoLark) July 10, 2024 One key factor behind this potential surge is the lack of constant sell…
The world of investments has witnessed a significant shift with the rise of tokenized funds. BlackRock, the largest asset manager in the world, has recently reached an important milestone with its tokenized fund, the BlackRock USD Institutional Digital Liquidity (BUILD). According to data provided by Etherscan, BUILD held approximately 502.8 million dollars in assets under management as of Tuesday, surpassing the 500 million dollar market value threshold. This success has led BUILD to become the largest blockchain-based tokenized fund by market value, surpassing Franklin Templeton’s FOBXX fund. What is a tokenized fund and the success of Blackrock The role of…
InputOutputHK, a leading blockchain infrastructure research and engineering company co-founded by Charles Hoskinson, has recently launched an educational initiative to shed light on its groundbreaking research efforts. This initiative features a series of videos that provide an in-depth look at the work of its research division and the significant papers they have produced. This article explores the implications of these developments and their potential to shape the future of blockchain technology. Unveiling Ouroboros Leios At the heart of InputOutput’s latest revelations is the introduction of Ouroboros Leios, part of the innovative Ouroboros protocol family, known for underpinning the Cardano blockchain.…
Neo has launched the first two Galxe Quest social media campaigns in collaboration with ecosystem partners Phoenix and ZNS Connect. Each campaign offers an equivalent of up to US $200 in rewards – $100 in GAS provided by Neo, and $100 in tokens provided by the campaign partner (PHB from Phoenix and USDT from ZNS Connect). The Phoenix campaign is live and will run through July 16, and the ZNS Connect campaign is also live and will run through July 18. Galxe Quest is a platform for building and engaging with Web3 communities through a turn-key, no-code solution for connecting…