Curve Finance founder Michael Egorov is attempting to offload some of his DeFi positions to alleviate his mountain of debt, but some have highlighted his liquidity sources.On Aug. 1, Nansen research analyst Sandra Leow posted a list of liquidity sources for Egorov’s Curve DAO (CRV) positions.According to Leow, Egorov sold around 50 million CRV tokens over-the-counter to several buyers at a below-market rate of $0.40 per token. The sale incl...
Thirty days after its Series 3 (S3) completely minted out, CryptoDickbutts (CDB) minted out its Series 4 (S4) NFT collection on Tuesday, introducing what they believe to be a pioneering approach to project ownership.
A tweet on July 29 from @CryptoDickbutts revealed a “twist” – the individual or group with the most CryptoDickbutts NFTs 30-days post-mint will be rewarded ownership of:
CDB’s Twitter account (@Crypt...
The landscape of networking and community-building has taken an unprecedented leap towards digitization, driven by emerging blockchain technologies. In Asia, the vanguard of this is ARC Community, a Web3 network that is nurturing a new breed of forward-thinking leaders. ARC’s unique strategy is not simply about what they do but, importantly, who they do it with.
What differentiates ARC from traditional networking models is ...
Yuga Labs accelerates Otherside plansNonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as i looks to bolster its Otherside metaverse.Yuga tweeted the news on July 31, saying the impending acquisition was to “execute our expansive vision” for Otherside.An accompanying release said Roar Studios’ founder and CEO Eric Reid will join Yuga as the general manager of Otherside, charged ...
Just a day after its introduction on crypto exchange giant Coinbase and its recently launched Base network, a new memecoin has already been labeled and considered a “rug pull” after the token’s deployer removed $25.6 million dollars in liquidity from the network.
BALD, which dropped yesterday, pokes fun at Coinbase CEO Brian Armstrong’s lack of hair. And since yesterday’s deployment, which garnered a 3,000% increase...
Computer scientist Adel Khelifi, of the University of Abu Dhabi, and archaeologist Mark Altaweel, from University College London, recently announced the development of a Web3-based verification-as-a-service model for determining and recording the authenticity and provenance of cultural artifacts. Called Salsal, the big idea behind the service is to bridge the world of historical artifacts with an on-chain validation system that can’t be fud...
Yuga Labs announced on July 31 that it would be acquiring the metaverse startup Roar Studios. This move will push the ongoing development of its Otherside metaverse forward and open up new avenues for communities to connect and express themselves.
Building immersive experiences
Roar, the brainchild and flagship product from Roar Studios, is an immersive media experience where artists and fans connect, collabor...
Glitch artist Patrick Amadon recently announced the launch of his “404 August 2023 Art Catalog,” a monthly decentralized chain and agnostic art exhibition to highlight the latest digital art – by artists, for artists. The Catalog will be hosted on the creative platform Joyn.xyz.
For the August issue, Amadon will be acquiring $3,500 worth of submitted art, in addition to collectors such as Art Blocks’ Snowfro, Proof’s...
Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in-game NFTs for real golden eggs.Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based games still hold a 36% dominance in on-chain wallet activity over nonfungible tokens (NFTs), decentralized finance (DeFi) and social networks, according to the latest Q2 report from Da...
Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it began as a social networking platform but quickly became the go-to app for everything in China, from shopping to ...
