COIN BUREAU NEWSFLASH! – (03/09/22) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (03/09/22)
Here are some of today’s most important headlines:
Cardano’s Vasil Upgrade Confirmed for Sept. 22
Developers at Input Output Hong Kong (IOHK) and the Cardano Foundation have confirmed the date for Cardano’s long-awaited Vasil hard fork. The upgrade is scheduled for Sept 22nd.
The hard fork was originally scheduled to occur in June this year but has since been postponed twice due to various issues. The successful implementation of the hard fork on Sept 22 will increase the Cardano network’s scaling capabilities and reduce transaction costs.
https://www.coindesk.com/tech/2022/09/02/blockchain-cardanos-vasil-upgrade-confirmed-for-sept-22/
FIFA Launches NFT Platform for Digital World Cup Collectibles On Algorand
With the 2022 Qatar World Cup on the horizon, FIFA has announced the launch of a new NFT platform ‘FIFA+Collect’ on the Algorand blockchain for its soccer-themed NFT collectables. The platform will launch later this month and will feature notable moments, art and imagery from the World Cup and Women’s World Cup.
FIFA Chief Business Officer Romy Gai stated,
“This exciting announcement makes FIFA collectables available to any football fan, democratising the ability to own a part of the FIFA World Cup. Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage with their favourite players, moments and more on new platforms.”
https://decrypt.co/108894/fifa-launches-nft-platform-algorand-world-cup
Investing Platform BnkToTheFuture to Acquire Crypto Lender Salt Lending
According to an announcement from crypto lending platform SALT, the firm has received a buyout offer from prominent investing platform BnkToTheFuture (BF). While the specifics of the offer are yet to be disclosed, the acquisition is contingent on both parties signing definitive agreements and requires regulatory approval.
Robert Odell, SALT’s chief product officer, stated,
“This potential union will combine SALT, the world's first crypto lending platform, with BF, the world’s first Bitcoin and crypto securities business. Moving forward with this acquisition provides an opportunity to enhance our suite of products and advance our mission to preserve and grow your crypto wealth.”
https://cointelegraph.com/news/bnk-to-the-future-eyes-acquisition-of-crypto-lender-salt
NFT Market Maker Sudoswap Announces Governance Token and Retroactive Airdrop
NFT marketplace Sudoswap unveiled its governance token ‘SUDO’ and announced a retroactive airdrop of the token in a blog post published on Thursday. The governance token will see the management of the NFT marketplace being placed in the hands of the DAO made of SUDO token holders.
The SUDO token is reported to have an initial supply of 60 million tokens, half of which will be distributed to XMON token holders and the rest to other members of the community and team.
The post read,
“XMON holders will be able to lock their XMON as an indication of their commitment to participate in the governance of the sudoAMM protocol and receive SUDO. XMON tokens will be locked for 3 months, after which they can be withdrawn….. Once the lockdrop starts, XMON holders will have a one-month time window to enter. The SUDO distributed is pro-rata to the amount of XMON locked, at a rate of 10,000 SUDO per 1 XMON locked.”
https://www.theblock.co/post/167366/nft-marketplace-sudoswap-unveils-governance-token-and-retroactive-airdrop
