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Tag: Solana

DeFi futures and options exchange Zeta raises $8.5m


Zeta Markets (“Zeta” or “the Platform”), a cutting-edge decentralized finance (DeFi) futures and options exchange built on Solana, today announced that it completed a $8.5M strategic funding round led by Jump Capital.

The round, conducted via private token sale, had participation from Race Capital, Electric Capital, DACM, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, QCP Capital, Alameda Research, Solana Capital, MGNR, 3kVC, Orthogonal Trading, LedgerPrime, and SkyVision Capital. This raise comes off the back of…

‘Ugly’ Bitcoin Bubble Warning As Ethereum, Solana, Cardano And XRP Suddenly Rebound

Bitcoin and cryptocurrency prices have rebounded after a sudden sell-off last weekend wiped around $300 billion from the combined crypto market—with some betting the market is heading far higher.
Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’

The bitcoin price is now trading almost 30% down from its all-time high of around $69,000 per bitcoin set last month, settling at just over $50,000 after crashing to under $42,000. Smaller cryptocurrencies ethereum, Binance’s BNB, solana, cardano, and Ripple’s…

SERUM’s Edward Zuo: The Future of DeFi on Solana

Project Serum aspires to become a fully-fledged financial ecosystem that brings unprecedented speed and very low transaction costs to the world of Decentralized Finance (DeFi). At its core sits a decentralized exchange (DEX) which is designed around a fully on-chain central limit order book and matching engine.
Partners of Serum’s ecosystem can compose with this on-chain order book to share liquidity and match orders for both retail and institutional users.
Serum was originally founded by Sam Bankman-Fried (SBF) – CEO at one of the leading centralized crypto exchanges…

This crypto will outperform both Bitcoin and Ethereum in 2022: expert

Image source: Getty Images While Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) still remain the largest and the most popular cryptocurrencies by far, there is one challenger rising worth recognising. According to DeVere Group chief executive Nigel Green, Solana (CRYPTO: SOL) is “likely” to outperform both of its big brothers next year. “I’m confident that a key one to watch in 2022 is Solana, currently the fifth largest crypto by market cap,” he said. “It started off the year trading at around US$2, now it’s changing hands on the deVere Crypto app for about US$200.” If…

Dogs on Solana: Doge Capital Announces Doge NFT Staking Program. Users can Earn $DAWG Daily

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When the world is fixated on Apes, whales and other NFTs, the most famous of all memes, the one that started a whole new revolution within cryptocurrencies, remains largely ignored. Doge Capital’s exclusive NFTs tackle this issue and at the same time, allow for its NFT holders a whole new income stream through its staking program that offers daily $DAWG tokens as a reward.Doge Capital believes in the power of the people and the WoofDAO is built just for that.Doge Capital has made a limited quantity of the NFTs, each is a cute pixel art (24×24 pixel) that belongs to…

Solana’s DeFi Protocol Acumen Integrating Chainlink Price Feeds

Acumen, a Solana-based DeFi protocol aimed to equate the global finance framework will integrate Chainliink Price Feeds. The protocol is using DeFi to democratize capital access by empowering microfinance worldwide.
Chainlink Price Feeds will allow Acumen to boost its borrowing and lending protocol with precise market data. In addition, it will facilitate accurate loan liquidation, collateralization, and determination on the platform.
Acumen’s Stable dApp builds a mutually beneficial framework for every party. By joining traditional and crypto assets, users can enter a stable and…

Solajump, the first play-to-win NFT game on Solana, sets out to revive short gaming

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Solajump, the world’s first play-to-win short game based on Solana blockchain, is thrilled to bring back the fun of classic short games. Developed by Kokeshi Academy Nerd 148 Studios, it uses NFTs to revolutionize the world of short gaming with its play-to-win model.With Solajump, the player’s purpose is not only to achieve the highest score but also to win.Short games are fun, easy to play, and easy to get into. However, game designers who came up with Pong, Tetris, Arkanoid, Pac-Man and other major hits had to make do with the limited power of computers in the…

Up And Coming Projects Accelerate Solana’s Growing Dominance Within The DeFi Ecosystem

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.As Ethereum’s problems continue to rise, its biggest competitor, Solana, is gaining significant traction. Often referred to as the “Ethereum Killer,” Solana has delivered a spectacular upward movement this calendar year.Solana is currently the fifth-largest cryptocurrency by market capitalization, numbering roughly USD 62 billion after increasing manifold in 2021. The project began…

What If When You Bought Clothes Or A Hat, You Got An NFT Too?

Anybodies is a digital fashion brand that is styling the metaverse. As an Anybodies NFT holder, … [+] built on Solana, any digital NFT merch you buy — you get a physical version as well.
Anybodies.io
A big concern for NFT (Non Fungible Token) critics is that there is no real world value when purchasing or minting an NFT. As NFTs continue to expand and change how people on the internet exchange value and express themselves, the real world element of how digital value transfers to the non-digital world is something that will separate new projects from competitors. A new SOLANA…

xHashtag — Solana’s first community accelerator DAO

Decentralized autonomous organization (DAO) service provider xHashtag has announced its community accelerator program for Web 3.0 projects on the Solana network. An upsurge in activity within the crypto ecosystem has led to a rise in Web 3.0 projects. Many of these projects are useful and have great potential. However, market visibility and sustenance are major challenges. This often dwarfs the growth potential of the projects.It is this exact problem that xHashtag seeks to solve. Using its community bootstrapping tool that accelerates project growth, xHashtag offers Web 3.0 projects a…

SolChicks IDO Breaking Cryptocurrency World Records

Disclaimer: The text below is a press release that was not written by Cryptonews.com.Hong Kong, 26 November 2021,SolChicks, the most anticipated play-to-earn game on the Solana blockchain, has announced today several records in the leadup to its IDO launch on the 26th November.Some major accomplishments and records broken in the last week:Over 50,000 players completed the SolChicks game demo in its first week of releaseRanked #1 on CoinMarketCap, #1 P2E game on Solana P2E, and #1 hottest NFT collection on Solanart.Explosive…

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November –…

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs.
Ethereum-Based Investment Product Trade Volumes Increase
Every month Cryptocompare publishes a research report that covers the cryptocurrency investment product landscape. The investment products are ETPs tethered to today’s top…

Battle Of Guardians: The First Real-Time Multiplayer NFT Platform Partnered With Cryptominati…

 
Battle of Guardians is the new big deal in the world of NFT gaming and the metaverse. Multiple players can simultaneously play this real-time NFT-based combat game to earn rewards. Additionally, the developers used the Unreal Engine and Solana Network to build the game.
The Vision Behind the Game
Battle of Guardians is not just some whimsical game launched by amateurs. Instead, it…

Advanced cross-chain bridge Glitter Finance seeks to connect Algorand to Solana

London, UK – Tech-based firm Glitter Finance is working to integrate the Algorand Defi ecosystem with a highly sophisticated decentralized finance  (DeFi) ecosystem — Solana — for improved interoperability in the DeFi blockchain space. The integration will ensure that traders using Glitter Finance can transfer their digital currencies from Algorand to other layer one blockchains.Solana is a leading brand in the Defi space and already has a huge fund of about $8 billion locked, making it a force to be reckoned with in terms of capital finance and high-end Defi mechanisms. Algorand, a…

Piers Ridyard from Radix on how to scale blockchains and the future of DeFi

Layer-1 blockchains are having somewhat of their own internal war in crypto circles these days, with the likes (and communities) of Ethereum, Solana, Cardano, Elrond, NEAR, and several others going at it on Twitter and Discord daily.A bit away from the action—and with its own fan following—is Radix, another layer-1 blockchain in development since 2018. During tests in that year, Radix demonstrated 1.4 million transactions per second (TPS), making it one of the fastest and most scalable blockchains to do so.Today, joining Cryptonites host Alex Fazel on his podcast is Radix CEO Piers…

Play-To-Earn Game DeFi Land Successfully Closes IDO, Prepares for Listing on FTX and Raydium

November 24, 2021 – Tortola, British Virgin Islands

DeFi Land, the play-to-earn game that teaches the mechanism behind the DeFi world, has officially closed its IDO on Raydium, Gate.io and Solanium, with its DFL token scheduled for listing and trading on November 24, 2021, at 4 PM UTC.

DeFi Land’s public sale of 100,000,000 tokens – one percent of DFL total supply – has been concluded with 0.7-percent sold on Raydium, 0.1-percent on Gate.io and 0.2-percent on Solanium.
The Solana-backed crypto game’s governance token, DFL, is now going to be listed on FTX, Gate.io,…

Railgun brings privacy to Solana transactions, offers airdrop incentives

“Imagine a world where paying for your morning coffee tells the coffee shop, its barista, and its customers how much you have in your bank account, how much you get paid, and where else you have been spending your money. If you use most cryptocurrencies today, this is exactly the situation you are likely to end up in.”  –  Railgun Whitepaper, July 2021.
DeFi has a problem
DeFi protocols are faster, cheaper, more agile, and efficient than traditional finance. They succeed in unlocking liquidity, cratering costs, and limiting bad actors. However, the strength of Ethereum’s…

Blockchain gaming guild Avocado raises $18 million

Avocado Guild, a blockchain gaming startup similar to a16z-backed Yield Guild Games, has raised $18 million in a Series A funding round.
Animoca Brands and QCP Soteria Node (QSN) co-led the round, with Solana Ventures, Three Arrows Capital, Polygon Studios, and others participating. The round brings just the six-month-old Avocado Guild’s valuation to $200 million.
This is the startup’s first fundraise, and it is an equity round, its founder and CEO Brendan Wong told The Block. But the investors will also get some AVG tokens, he said. AVG is Avocado Guild’s native token that is yet to be…

Avocado Guild raises USD 18 million to transform into decentralized autonomous organization

Avocado Guild, a play-to-earn (P2E) blockchain gaming guild raised USD 18 million in a Series A funding round, bringing the company’s valuation to USD 200 million, the firm said on Wednesday. This investment was led by Animoca Brands and QCP Soteria Node, with participation from Three Arrows Capital, Solana Ventures, Polygon Studios, Binance Smart Chain, and the executives of GoldenTree Asset Management.
The company will use the fresh capital to scale its tech capabilities and transition to become AvocadoDAO, a decentralized autonomous organization. “Avocado Guild emerged from an…

How Solana and Cardano are paving new avenues for NFT growth

The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial increase from Q2’s $1.2 billion.NFTs are unique digital assets that represent ownership. As proof of ownership, NFTs extend from things like art and digital collectibles to real estate and other physical assets. This is causing a tectonic shift in a wide range of…

Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0

California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord.The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to connect their Audius accounts with Phantom wallet, a crypto wallet centered around the Solana ecosystem. Aiming to increase the discoverability of Solana NFTs, the company stated:“NFT holders can embed their collectibles…

Neon Labs integrates Aleph.im to access cross-chain DeFi data

Neon labs is integrating Aleph.im – a cross-chain computing network and decentralised index provider – to enable access to the vast swathes of cross-chain DeFi data available on the protocol.
By using Aleph.im, Neon – an ‘Ethereum virtual machine’ (EVM) that enables dApps on Ethereum to build and run on Solana – can oversee transaction speed metrics, operator node stats and in-depth insights into smart contracts operating on Neon.
According to Neon, the integration brings “increased transparency and usability” to the platform as developers building an EVM can use the data…

After pushing DOGE out of the top 10 club, can AVAX rally like Solana?

Avalanche after rising 120% in the month of November has finally entered the top ten coins by market cap with a total market capitalization of above $29 billion. Oscillating at $135.38 at the time of writing, the tenth-ranked asset pushed Dogecoin out of the top ten club charting over 35% weekly gains. 
Riding against the tide
With Bitcoin trading at $57,502, as most of the market consolidated alongside the top assets only a few seemed to be riding the bullish wave. Notably, among the top twenty assets, AVAX noted the highest weekly gains followed by Crypto.com Coin. 
AVAX’s trade…