Tag Archives: DeFi News

DeFi trading platform Injective Protocol is launching its mainnet after rolling out a $120 million incentive program for traders, market makers, and DeFi projects, the protocol announced this Tuesday. First DeFi Cross-Chain Derivatives Markets As per the press release, Injective Protocol is set to launch the world’s first DeFi derivatives markets using the IBC Oracle, the popular Cosmos-based third-party service that will provide access to external, off-chain data. For now,...

ING – the Dutch multinational banking corporation – has begun collaborating with the Netherlands’ financial authority on utilizing decentralized finance. The Bank’s Defi Project Annerie Vreugdenhil – ING’s Chief Innovation Officer – said as much at the Singapore Fintech Festival earlier today. Speaking in a panel discussion, the CIO complimented Singapore’s welcoming regulatory environment. As reported last week, the Monetary Authority of Singapore has no plans on banning...

SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the best from both worlds and the initial v0 campaign will go on for ten weeks. Shoyu Comes to Life The press release shared with CryptoPotato informed that the name of the new initiative is Shoyu and the official launch date is November 3rd. This comes just five months after the...

Minima, a scalable and decentralized blockchain network for value and information transfer, has recently bagged $6.5 million from notable investors in a Series A funding round. Accelerating Mainnet Launch According to a press release shared with CryptoPotato, the funds acquired from the just-concluded funding round will be used to facilitate the launch of Minima’s Mainnet in 2022.  Minima’s system is designed to seamlessly fit on a mobile or IoT device, allowing every user to...

South Korea-based blockchain-focused investment firm Hashed has announced the launch of its new startup studio to support and research new use cases of blockchain technology in the rapidly growing NFT space. Exploring the Full Potential of Blockchain In a press release today, Hashed noted that the studio, named UNOPND, will foster various creative projects with the primary goal of exploring and experimenting with new ways to apply blockchain technology to the online gaming...

In today’s DeFi and NFT daily bits, we take a look at some of the interesting developments in the industry over the past couple of days. PolkaStarter Unveils Startup Incubator: Names Maiden Project PolkaStarter, the decentralized launchpad platform, has announced the very first project to be incubated by its newest investment arm – Polkastarter Labs. The project in question is called WonerHero – a play-to-earn mobile RPG game. It will receive pre-IDO and post-IDO support, as...

Raiinmaker, a blockchain-based fan engagement platform, has recently partnered with the multimedia firm Cosmic Wire to roll out six special non-fungible tokens (NFTs) to support several climate charities. According to a press release shared with CryptoPotato today, both firms will be launching the NFT collection based on the artwork of the mysterious legendary street artist Banksy. Supporting Climate Charities The digital arts will represent the iconic remnants of Banksy’s...

The Quantum-resistant blockchain platform – QAN – will launch its cloud deployment service, via which developers can reach platforms like Amazon AWS and Microsoft Azure. The new option will be available from the end of 2021. QANplatform Vows to Cut The Deployment Time Through a new cloud deployment feature on its network, users of the Estonian-based blockchain platform – QANplatform – would be able to extend the QAN private DLT to cloud platforms such as Amazon AWS, Google...

Layer 2 scaling solution, Celer Network, has recorded an impressive milestone, as trading volume on its recently-launched cBridge has surpassed the $200 million mark, a week after reaching $100 million. Celer’s cBridge Volume Hits $217M According to data on the Celer’s analytics webpage, the cBridge currently has a total trade volume of more than $217 million and a transaction count of 33,143. Over the last 24 hours, nearly 2,000 transactions were made on the bridge worth...

American professional basketball team Philadelphia 76ers has announced a partnership with the leading cryptocurrency exchange CryptoCom. The initiative will see the popular NBA club launch its non-fungible token (NFT) on the digital asset trading platform. Philadelphia 76ers Partners CryptoCom Announcing the partnership in a press release today, 76ers noted that fans interested in obtaining the digital collectibles can log on to the CryptoCom NFT platform to get access. The...