The cryptocurrency market has been busy protecting its recent gains over the past week. Meanwhile, Ethereum’s significant rise is approaching and hot listings, partnerships, airdrops, etc. from MATIC and these 18 altcoins are coming. there is news.
Here are the hot developments of the day from MATIC and 18 altcoins
alchemy
Blockchain development platform Alchemy has announced the release of a toolkit called “Create Web3 Dapp (CW3D)” that will enable developers to create decentralized applications (dApps) more easily. The toolkit is designed for Web3 developers and is compatible with multiple multi-chains, including Ethereum, Polygon (MATIC), Optimism, and Arbitrum. It is also available for free.
LayerZero
LayerZero’s cross-chain project, Testnet Bridge, sparked controversy in the Ethereum community after testnet Goerli’s token, gETH, rose in value due to speculation. LayerZero is a bridge that connects Goerli to Ethereum’s mainnet, with a token token symbolizing ETH for testing purposes.
Some investors speculated on the token, pushing the price of gETH to $1.6, which is 16 times higher than LayerZero’s original swap price.
Left (LEFT)
Coinbase has released a report on Solana (SOL) assessing its potential to re-establish its position as a competitor to Ethereum. The report cites the impact Solana suffered from the collapse of FTX and related investment firm Alameda Research last November. cryptocoin.com We have included the details of the report in this article.
BitDAO
BitDAO has offered the $200 million Mantle EcoFund to support early-stage Web3 startups. Mantle is a high-performance Ethereum layer-2 network built with modular architecture aligned with BitDAO strategic interests through BIT.
The proposal was presented on BitDAO’s management forum and was co-written by the Mantle Core Team and Mirana Ventures. The main purpose of the fund is to increase the adoption of the Mantle network among developers and dApps, as well as to ensure the sustainability of the Mantle EcoFund through fund performance and returns.
Lido Finance
Liquid staking protocol Lido Finance recorded the highest daily staking entry on Saturday with over 150,000 Ethereum (ETH) staked on the platform.
According to Web3 data analytics platform Lookonchain, one of the biggest investors, Tron founder Justin Sun, has staked 150,100 ETH worth $240 million on Lido. On-chain data shows that Sun invested assets in four separate transactions.
Nervos Network (CKB)
Binance has announced that it has launched USDT transactions with up to 20x leverage for an open-source Blockchain Nervos Network (CKB). The CKB token gained over 25% at one point after the news.
Shiba Inu (SHIB)
According to data provided by Shibburn, the SHIB burn rate has increased by over 1,700% in the past 24 hours. Approximately 85 million SHIB tokens were burned during this time period.
Cryptocurrency exchange Bitget announced the listing of Doge Killer (LEASH) and PawSwap (PAW) tokens. Tokens will initially be listed in the innovation zone containing trending projects. LEASH and PAW trades are open to trades on spot trading. Withdrawals open tomorrow.
Trezor
Crypto hardware wallet Trezor has assumed control over silicon chip production for its flagship Model T product, facilitating the production of its core component, the chip wrapper. According to the statement made on Monday, the production of the Model T device will be optimized by eliminating supply chain dependency.
Chia (XCH)
Chia Network CEO Gene Hoffman argued that the native token XCH is not a security, but the company is working to register with the SEC. We have included the details in this article.
Function X
First-tier Blockchain infrastructure developer Function X announced that it will launch the easiest-to-use hardware wallet card at the Mobile World Congress (MWC) in Turkey. The event will take place from February 27 to March 2 in Barcelona, Spain.
5MC coins
Cryptocurrency exchange XT.com has announced that 5MC is listed on its platform in the innovation zone. The 5MC /USDT pair is open and will be open for trading from February 27. Withdrawals begin on February 28.
NFT news
- Lotte Group, one of South Korea’s largest conglomerates, has announced plans to expand its NFT projects to the global market through a partnership with Polygon (MATIC). According to Lotte’s marketing and NFT headquarters, Daehong Communications, the partnership will begin with the rebranding of BellyGom NFTs, a digital collection centered on a pink bear character on the Klaytn network.
- The US regulator SEC has canceled a $75 million metaverse real estate fund called Republic Realm, which was launched by Republic in March 2021. NFT games such as Sandbox, Axie Infinity and Decentraland were among the platforms from which the fund primarily purchased real estate.
- Moonbirds will be released as a Bitcoin NFT collection. Users will now have the chance to enter the promising Birds NFT collection in Bitcoin via the recently introduced Ordinals protocol. You can check out the details about the Ordinals NFT protocol here.
- Binance announced that it has completed the 17th round of the APENFT (NFT) airdrop distributed to investors of TRON (TRX), BitTorrent OLD (BTTOLD), BitTorrent (BTTC), JUST (JST), and WINkLink (WIN). Users can confirm these tokens via the Distribution page under Transaction History.
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