W3 Metaverse • DeFi • NFTs

2023-01-11 21:00:09 Jumbo Raises $3.5M to Deliver Its Decentralized Exchange Ecosystem to the NEAR Protocol

Jumbo, a leading decentralized exchange built on the NEAR Protocol, is proud to announce the successful completion of a $3.5 million fundraising round led by Pantera and Huobi Incubator, with additional funding from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital. The funds contributed to developing the user-friendly design and feature offerings that have positioned Jumbo as one of the largest DEXs on NEAR since its establishment in late 2021. Jumbo Exchange also employs HAPI, a novel security system that uses know-your-transaction (KYT) technology to ensure safety and security of users."Thanks to the trust of investors, Jumbo is delivering a user-friendly exchange experience that is rapidly developing, keeping pace with market demands and with the NEAR ecosystem," said Alex Dyatlenko, CEO of Jumbo.
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2023-01-11 14:00:11 In a statement shared by CryptoNovo, his NFT collection is being hacked, and at least three CryptoPunk NFTs have been stolen.

Nike RTFKT COO Nikhil Gopalani also shared that on January 3, he lost all his NFTs to a "clever phisher" who hacked his wallet. The hacker has reportedly stolen his Close X NFTs and other unnamed digital assets in his wallet worth over $170,000.
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2023-01-11 14:00:11 The United States has arrested and charged 24-year-old French citizen Aurelian Michel for defrauding purchasers of the "Mutant Ape Planet" NFT collection (
mutantapeplanetnft) out of $2.9 million.

During the NFT bull run of 2021-2022, there were so many scams and rug-pulls that it was impossible to keep track of.

But it seems like the US government was watching closely.
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2023-01-10 21:00:08 After YouTuber Coffezilla exposed Logan Paul's Cryptozoo project, it gained a tremendous increase of around 1,500%.

Coffeezilla covered a deep dive into the project; the investigation exposed that there was a lack of progress and delay in releasing a finished project similar to many rug pull schemes.

Paul's CryptoZoo blockchain game has sought out, and squandered hundreds of thousands of investor funds, and the game is yet to go live.
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2023-01-10 21:00:07 PancakeSwap Voting to Continue Deployment on Aptos

PancakeSwap is now the dominant DEX on both BNB Chain and Aptos. The community is voting now to continue the $CAKE protocol's multichain deployment. PancakeSwap quickly rose to become the top DEX on Aptos blockchain, and it appears the $CAKE-loving community is overwhelmingly in favor of continuing this multichain endeavor. PancakeSwap, which of course, is the dominant Decentralized Exchange (DEX) on BNB Chain, is currently holding a vote on a proposal to continue and build on the deployment to Aptos.The proposal notes PancakeSwap has 14 farms deployed on Aptos, with APRs consistent with or higher than offerings from other DEXes on Aptos.As for future plans for Aptos, the DEX chefs aim to attract more Aptos-based projects, enhance their own product offerings, and leverage its position on BNB Chain to attract Aptos projects to BNB Chain and vice versa -- with the goal of improving $CAKE burn.
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2023-01-10 14:00:09 Mastercard's plan to bring music to the metaverse

According to Mastercard, the next big stage for the music industry is the metaverse. Mastercard on Friday announced the Mastercard Artist Accelerator, which will connect artists with mentors and other technology experts to learn how to use Web 3.0, the metaverse and related technology.

Financial services firms are still in the early stages of using Web 3.0, which broadly refers to development over decentralized networks; and the metaverse, an immersive internet experience which often makes use of virtual reality. While the Mastercard program is aimed at all demographics, the card brand sees the music business as an opportunity to gain insight into how it can apply the emerging innovation in the real world.
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2023-01-10 14:00:09 Amid the extended crypto winter EmpireDAO, the crypto co-working space founded by Mike Fraietta in Manhattan, has closed its doors and is looking for a new home just months after it opened.

Fraietta said, “We tried every way to get new sponsors, partnerships and even crowdfunding, but we needed more help to sustain.”

This similar situation is the story for many Web3 startups as the crypto winter grows larger, shuttering momentum for many Web3 startups, with new capital hard to come by.
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2023-01-08 21:00:10 SOL has surged about 20% in the last 24 hours. SOL has jumped back above $13 after falling to nearly below $8 after FTX's collapse created selling pressure which had close ties with the ecosystem.

The surge comes with the news from Shiba-Inu themed token (BONK)'s airdrop notice. Solana projects already have integrated bonk tokens for payments for listed NFTs.
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2023-01-08 21:00:09 Despite Upstaging Uniswap’s TVL, Curve May Still Not be Largest DEX

Uniswap may have slipped from its standing as the largest decentralized exchange — depending how you define it. Curve Finance has surpassed Uniswap in terms of total value locked (TVL), according to data compiled by DeFiLama.TVL is calculated by compiling the number of staked assets on a given smart contract. The commonly referenced metric represents funds available to a protocol to exercise daily market function including spending and borrowing. The figure often skews toward volatility and is heavily affected by market conditions. Traders, as such, typically use TVL as one measure of many to evaluate the overall health of a protocol. Other indications include the number of unique active wallets on a protocol and its market capital (the decentralized equivalent of TradFi’s market capitalization). DappRadar data show that over the past 30 days, Uniswap V3 has an estimated 440,000 unique active wallets.
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2023-01-08 14:00:10 NFT project founder DNP3 admits to gambling away user funds

The founder of Goobers NFT, who goes by the name DNP3, blamed a gambling addiction for why he gambled and lost user funds. DNP3 did not respond to The Block’s request to clarify the amount gambled, but the The Block Research estimated the amount to be in the millions.

DNP3 is the founder of the NFT project Goobers, which launched in September 2021 and amassed a 968 ETH total trading volume. At its peak, the project's floor price was 55.25 ETH on Feb. 20, 2022 before falling to 0.02 ETH on Jan 3. DNP3 did not respond to The Block's request to clarify the amount of money used for gambling. However, The Block Research estimated that millions of dollars worth of funds were gambled.
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