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Yuga Labs, known for its popular NFT collections, is stepping up its efforts in the NFT DApp space with the announcement of a new internal team called The Workshop. CEO Greg Solano revealed on August 31, 2024, that this team will focus on rapidly developing NFT DApps and other blockchain
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Shiba Inu (SHIB), the 13th-largest cryptocurrency by market capitalization, has revealed plans to launch a decentralized autonomous organization (DAO). This move aims to give SHIB token holders a voice in the project's future direction and initiatives. On August 25, Shiba Inu's pseudonymous marketing lead, known as
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Holonym Foundation, an organization focused on developing next-generation digital identity security for the decentralized web, has successfully raised $5.5 million in seed funding. The funding round was led by Finality Capital and Paper Ventures, with significant contributions from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and
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Bitcoin, the world's leading cryptocurrency, has long been known for its extreme price volatility. However, recent analysis from Forbes suggests that this trend may be changing, with Bitcoin's volatility showing signs of stabilization in 2024. This shift could have significant implications for Bitcoin's role
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The market has still not fully recovered from the massive FUD of many Tier-1 projects disappointing their users with their airdrop distribution, not to mention the flood of various clickers and mini apps. Amid all this, the EYWA project hit the radar when it announced the completion of the first
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OnchainLabs, a Swiss-based Web3 technology company, has successfully closed a seed funding round, raising 5 million Swiss francs (CHF) from prominent German investors. The funding comes shortly after the company's announcement in early July 2024 of its non-custodial Onchain Gateway Wallet (OG Wallet). This investment marks a significant
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Andrena, a developer of decentralized physical infrastructure network (DePIN) protocols, has successfully raised $18 million in a Series A extension funding round. The investment, led by Dragonfly, will support the development of DAWN (decentralized autonomous wireless network), a Solana-based protocol designed to offer decentralized internet services. The funding round, which
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Blockchain, the foundational technology behind Bitcoin, has expanded far beyond its initial inception. Featuring a chain of blocks that store encrypted data linked together, blockchain ensures transparency and optimal security. This technology is not confined to finance alone but has proven potent across various sectors including healthcare, real estate, education,
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Australian gemstone company NYBlue Pty Ltd has announced a significant acquisition of blue zircon, reporting holdings of over one million carats of this rare gemstone. The company, based in Brisbane, Australia, has outlined a strategy to potentially influence the global gemstone market by controlling a substantial portion of the world&
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The dYdX community has recently approved several significant measures through a series of governance votes. One of the key decisions is the distribution of $5 million in $DYDX tokens to traders as part of Season 6 of the Chaos Labs Launch Incentives Program. This program is designed to reward active
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The Republic of the Philippines has entered into a groundbreaking agreement with Venom Foundation to digitize billions of accountable forms using blockchain technology. This initiative, announced on August 1, 2024, represents a significant milestone in the adoption of blockchain technology at a national level. The project aims to digitize approximately
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Compound Finance, a major decentralized lending protocol, recently faced a significant challenge when a group of money grabbers known as the Golden Boys successfully executed a "governance attack" on July 28. Compound Finance got DAO REKT because they just don't seem to care. Here’s how