This week, a number of altcoin projects giants from Shiba Inu to Cardano announced their partnerships, integrations and historic networking events. Let’s take a look at the most critical developments that can shape the days ahead.
WiCrypt is published on Xend launchpad
Blockchain-based mobile internet and WiFi sharing and monetization platform WiCrypt is now live on the popular launchpad Xend. WiCrypt is the first African project launched on Xend. WiCrypt also has an NFT collection known as “The Outliers”. This NFT collection is built on WiCrypt devices and will help provide internet access to different people and domains.
ClayStack announces Malawi testnet
Claystack, a liquidity staking protocol, is announcing the details of its Malawi testnet. The testnet launched on December 20 and follows closely the recently completed Onega testnet.
- ClayStack’s Malawi testnet will open to waitlisted participants. However, it is necessary to play a special DeFi game to be eligible to participate. You can find more information about the ClayStack DeFi game below.
KingSpeed opens staking system with 80% return
Blockchain-based racing game KingSpeed is launching a staking system. It offers participants interest rates of up to 80%, depending on their package. The staking system also has a flexible staking period ranging from 7 days to 180 days. Additionally, stakers will also be able to access bonuses such as loot boxes and NFT cars at no extra cost.
LuaStarter’s LunaRush IDO is near!
The popular RPG play-to-win (P2E) game LunaRush IDO will be released on the multi-chain IDO launchpad panel. IDO is scheduled to go live on December 30, 2021 at 9:00 am (UTC).
Metaverse-focused altcoin project Render Network raises $30 million
Render Network, a crypto startup that provides processing tools to Metaverse projects, has raised $30 million in funding in a round led by Multicoin Capital. This is Render Network’s first investment since its founding in 2017. A Render marketplace will also be set up on Solana, providing “one-click, hassle-free purchasing for NFTs, 3D assets and services created with the Render Network,” Render Network founder Jules Urbach said.
Flare announces partnership with Fan Controlled Football (FCF)
Flare, a blockchain set to power non-programmable networks with smart contracts, has announced its partnership with Fan Controlled Football (FCF), a leading sports league controlled by fans. As part of this partnership, Flare will support the FCF’s NFTs Season v1.0 release to commemorate the highlights of the FCF’s final season. Additionally, Flare will help create a DAO to allow FCF fans to have P2P control over the league.
Altcoin coin burn news: 176 million SHIB will be burned on December 26
Steven Cooper, owner of Bigger Entertainment crypto record label, tweeted that his team plans to burn 176 million SHIB at its “burning party” later this month just after Christmas, but that amount could still be larger. According to Cooper, the ongoing “burning party” will take place on December 26. Earlier this month, he invited the SHIB community to buy tickets to the burning party for $5, saying it was the equivalent of the SHIB won. Earned cash will be burned on December 26.
Dogami raises $6 million from giant co-founders
One of the first NFT-based games, Dogami received $6 million in funding from Ubisoft, Animoca Brands, and co-founders of The Sandbox. The funding will help the Tezos-powered blockchain game launch a new pet game platform release.
Moralis announces metaverse development kit
Moralis, the backend development platform for blockchain applications and solutions, announced that it has released its own software development kit (SDK) designed to simplify the development process of Web3 games and metaverses. The SDK has Unity, a leading game development environment built in, that allows developers to easily implement Web 3.0 in their applications. The company says the main goal is to build a platform where developers can focus on building dApps without spending too much time on infrastructure development.
SAFLE token is listed on QuickSwap in USDT and MATIC pairs
Safle, the multi-blockchain solution focused on improving both the developer and user experience of modern decentralized protocols, is listed on Polygon-based QuickSwap. According to the official announcement shared by the Safle team, native token SAFLE will initially be listed in pairs Tether (USDT) and Polygon (MATIC).
AdaSwap DEX Builder partners with Cardano’s first stablecoin Djed
AdaSwap (ASW), an ecosystem focused on DeFi development in Cardano (ADA), has partnered with Djed, COTI Network’s algorithmically supported stablecoin. This integration will significantly upgrade the trading experience of AdaSwap users and make their investment strategies more flexible and balanced. AdaSwap CEO Lennon Qualmann highlights that this collaboration is a crucial milestone for the COTI Network and the entire ecosystem of Cardano-based protocols:
As a Cardano believer, I like to see COTI’s strong involvement in the Cardano space, demonstrating the potential created for the Cardano ecosystem through innovative engagement.
Leading altcoin reaches $5 billion for the second time
While Ethereum has remained relatively calm compared to periods of high congestion, it still manages to burn more than $25 million in Ethereum per day, according to data from WatchTheBurn. Currently, the value of ETH burned is $4.95 billion, which means that even a small price increase for Ethereum will push the number over $5 billion.
Whales carried 334.5 million XRP as the price of altcoin project Ripple soared
According to Whale Alert data, whales transferred a staggering 334.5 million XRP. Participants include the Ripple tech giant, the leading Korean exchange Bithumb, and other platforms. Overall, the fiat equivalent of 334.5 million cryptocurrencies transferred is $319,423,308.
Altcoin MATIC climbs to ATH level!
According to CoinMarketCap data, MATIC price is up 14% in the last 24 hours and 64.0% since the start of December at the current price of $2.63. MATIC seems to benefit from getting into NFTs and starting the combustion mechanism.
- On December 14, Polygon implemented Ethereum’s EIP-1599 update on the Mumbai testnet, burning MATIC to provide better transaction fee visibility.
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