W3 Metaverse • DeFi • NFTs

2022-11-10 19:17:02 As more and more companies lean towards the world of NFTs and the metaverse, Rolex has now jumped on the bandwagon and has filed trademark applications related to cryptocurrencies, metaverse, and NFTs.

The application suggests plans to introduce NFTs, NFT-backed media, NFT marketplace, crypto keys, transactions, virtual goods auctions, as well as a virtual cryptocurrency exchange.

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2022-11-10 09:17:02 dYdX Foundation Announces Former ConsenSys Senior Exec Charles d’Haussy as CEO

The dYdX Foundation, an independent non-profit foundation of decentralised exchange dYdX, headquartered in Switzerland, announced on Monday the appointment of Charles d’Haussy as its new CEO. Charles d’Haussy joins dYdX Foundation from ConsenSys, where he set up the Hong Kong office and led the decentralized software protocols company’s APAC growth efforts and global business development. Prior to ConsenSys, d’Haussy co-wrote a book about Hong Kong’s blockchain entrepreneurs. He also has experience as a Fintech startup executive, and the Head of Fintech with the Hong Kong government, where he served 450 international FinTech companies and steered the growth of the HK FinTech Week, reaching over 10,000 global attendees.

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2022-11-09 17:02:02 One of the largest crypto exchanges Kraken has announced that its much anticipated NFT marketplace is going live in beta. The new market would be made available to customers who joined the market’s waitlist in May.

The new marketplace is expected to host about 70 Ethereum and Solana-based NFT collections. Also, users would bear no extra cost to store their NFTs on the exchange.

Kraken would face huge competition from OpenSea, the largest NFT marketplace by trading volume. LooksRare is another heavyweight in the industry after recording some interesting growth in the past week. Kraken is expected to differentiate itself from the other marketplaces by integrating tools to enable newbies to evaluate the worth of their NFTs.

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2022-11-09 10:02:15 DeFi Industry Facing Serious Problem Tied to Uniswap and Network in General

The decline of the DeFi industry is not a secret to anyone as the industry has been going down since the end of 2021, with the demand for risk and decentralized assets in general going down since the beginning of the rate hike cycle. According to an on-chain researcher, the amount of capital on chain looking for yield is extremely high, which results in almost every opportunity yielding negative risk premiums that Uniswap's pools cannot withstand.As market data shows, there are over $70 billion worth of stablecoins on the Ethereum network that need productive use cases. Unfortunately, DeFi in its state today cannot offer investors what they actually need.

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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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