W3 Metaverse • DeFi • NFTs

2022-11-08 18:02:02 Blockchain developer Dapper Labs has laid off around 22% of its employees in a rush to reorganize its business as NFT trading volumes decline, BetaKit has learned.

In an internal letter to staff, Dapper Labs Founder and CEO, Roham Gharegozlou, said that the changes have been made given the current "macroeconomic environment." He continued:

"These reductions are the last thing we want to do, but they are necessary for the long-term health of our business and communities."

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2022-11-08 10:01:44 Decentralized Exchange Rubic Loses $1,000,000 in Exploit Involving Private Keys

Multi-Chain swaps protocol and decentralized exchange (DEX) Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator's wallet. During morning hours in Asia, the project developers revealed that one of their admin’s wallet addresses that managed the RBC/BRBC bridge and staking rewards was compromised. "We suspect it was malicious software that was used to get access to the admin wallet's private keys," they added. RBC is the native token of Rubic and BRBC is a wrapped version of the token. BTBC was created to allow users to trade in the BSC network, providing decreased overall fees and increasing the opportunity for more users to use Rubic’s token.

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2022-11-07 17:01:50 OpenSea has announced it will start freezing sales for NFTs that it suspects have been stolen in an attempt to stop scammers and hackers from flipping ill-gotten tokens.

In a blog post on Wednesday, the company said it’s “beginning to test a new system” that will mark NFTs caught up in suspicious transactions as “under review,” blocking people from buying them using the platform.

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2022-11-07 09:59:41 dYdX introduces proposal for autonomous subDAO-based infrastructure

The decentralized autonomous organization attached to the dYdX derivatives protocol could see the formation of a number of autonomous subDAOs with infrastructure changes, the foundation proposed in an announcement. To advance the suggested initiative, dYdX community members must vote to form the subDAO and decide on resource allocation to accommodate the associated costs. The prospective roadmap comes in anticipation of the launch of dYdX V4, slated for the third quarter of 2023, and builds on the organization’s previous steps toward fully decentralizing the protocol, the foundation said

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2022-11-06 18:59:02 Visa, the official payment technology partner of soccer’s governing body, FIFA, has announced the launch of a series of unique digital collectibles representing iconic goals from five legendary footballers. The Visa Masters of Movement NFTs are now available on Crypto.com, which is FIFA’s official crypto trading platform sponsor.

The auction comes ahead of the 2022 World Cup, which will be held between Nov. 20 and Dec. 18 this year. The experience will come to life later this month on an interactive pitch at the FIFA Fan Festival in Doha, where fans will be also offered an opportunity to create digital art inspired by their signature movements and mint it into their own NFT, a press release detailed.

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2022-11-06 12:59:02 Satoshi Island: Citizenship NFTs are Being Flipped on Secondary NFT Markets

Satoshi Island could soon be a functioning community, thanks to NFTs currently being minted. NFT citizenships are already being bought and sold on secondary NFT marketplaces. And they definitely have some interesting benefits. Property developer Anthony Welch and his partner, Theresa, have lived on a 300-hectare island home for the past ten years.

Currently called Lataro Island, it is being transformed into Satoshi Island. While it is mostly virgin rainforest, the plan is to make it into a sustainable smart city, with apartments and offices. Welch told international media that they are trying to build a genuine community. “We’re not trying to develop and make a profit.”.Welch said that his business partners saw his island advertised for sale. He then withdrew it from the market to collaborate with his new partners.

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2022-11-05 18:30:08 Find Satoshi Lab, the parent company of the move-to-earn application STEPN, is releasing MOOAR, a membership-based, multi-chain NFT marketplace.

The addition of a marketplace helps the company to develop its self-sustaining ecosystem alongside the existing Stepn fitness app and DOOAR, a Solana-based decentralized exchange (DEX).

Creators intending to sell on MOOAR can set royalty fees between 0.5% and 10%, with a default rate of 2%.

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2022-11-05 11:29:51 Polkadex has released the Polkadex Orderbook decentralized exchange

Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based decentralized exchange (DEX) is set to be a game-changer for digital asset trading and DeFi. DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the automated market maker (AMM) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, frontrunning, low interoperability, and limited functionality. While it may be riskier due to potential hacks and data breaches, many crypto traders still prefer to use the advanced trading features of centralized exchanges (CEXs), which are cheaper to use and offer high levels of functionality and interoperability.

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2022-11-04 17:08:02 Award-winning Metaverse pax world steps up economic development with launch of utility Token Paxw.

The award-winning metaverse pax.world announces the launch of its token $PAXW – a native token used to expand its rapidly developing ecosystem. Pax.world is a 3D world offering immersive, life-like experiences, including highly detailed business centres where real-life organisations can hold events, meetings, and AMAs.

The metaverse will also feature inspired designs from world-class architecture firms such as Grimshaw, which Pax.world commissioned to create one of four ‘metaserais’ – central gathering places for its citizens of pax.world. The $PAXW token, which runs on the carbon-neutral Polygon (MATIC) blockchain, will power the experience of pax.world citizens – rewarding them for in-world achievements.

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2022-11-04 11:08:02 Over 95% of tokens launched on Uniswap are scams – Research

About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .”. The study undertaken by  Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its lack of regulation makes it easy for scammers to list non-valuable tokens on the platform. The study examined 27,588 tokens, of which 631 were deemed non-malicious, and 26,957 were deemed malicious. A total of 24,870 of the malicious are fast rug pulls, while 2,087 are not LP Burns.

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