Let’s not ignore the partnership, listing and integration efforts of altcoin projects, despite the declines that surround the market and exceed 10%. In this article, let’s take a look at the week’s developments for the 18 altcoins and the events planned for the coming days.
Here is the week’s altcoin news
After Moonbeam became the first project to secure one of the Polkadot parachain auction slots in early November, it became the first fully functioning parachain on the network. This allows the deployment of more than 80 projects currently built on Moonbeam. In recent news, Moonbeam (GLMR) announced that it will continue EVM interoperability to Polkadot. The launch began on December 17 and took three weeks to gradually roll out functionality and EVM activation and balance transfers. GLMR holders can now add the network to their MetaMask wallet and transfer assets between the Moonbeam ecosystem or other EVM compatible networks.
Blockchain NFT strategy card game LOCGame, with play-to-win and metaverse features, announced its strategic partnership with RPG platform The Unfettered. The partnership ushers in the new era in which the play-to-win and metaverse market can be built. The following statements were included in the official tweet:
This collaboration was established by their parent company, RBL Labs, due to a recent investment in the project’s private seed round.
In another significant development, after the community pressured McDonald’s to accept payments with Dogecoin, on Wednesday, a FLOKI fan asked McDonald’s when they would accept FLOKI as a form of payment. McDonald’s responded to the tweet and said they are constantly reviewing it based on customers’ needs.
Multichain users lost more than $3 million during the week due to a security vulnerability. Earlier this week, news emerged that there was a Multichain-related vulnerability related to WETH, PERI, OMT, WBNB, MATIC, and AVAX tokens, and $1.43 million was stolen. Multichain announced on January 17 that the critical vulnerability was “reported and fixed”. A white-hat hacker returned 322 ETH, but more than 527 ETH is still missing.
Worldwide Asset eXchange (WAX) will celebrate key milestones with a record-breaking 10 million NFT airdrop to WAX Blockchain accounts. With more than 15 to 20 million transactions per day, WAX has established itself as the world’s top blockchain by transaction volume in a highly competitive environment, recently surpassing a total of 11 million wallet accounts on the platform. According to DappRadar, Wax as measured by the number of transactions outstrips its competitors, including giants like Ethereum, Solana, Polygon, BSC, NEAR, Avalanche, to name a few.
Digital Entertainment Asset Pte. Ltd. (DEA), the blockchain-based entertainment company that creates in-game economies, has successfully raised $12 million. The Singapore-based company is among the claiming projects in the play-win field. Their model combines both GameFi and play-to-win in a thriving economy for platforms, while incentivizing users simply to participate rather than earn.
Let’s continue with a report on Dogecoin. According to the report published on January 10, it was shared that the USA is the most pro-Dogecoin country in the world, with 31.6% of crypto holders in the USA owning meme coin as of December 2021. In particular, Australia is second with 29% Dogecoin ownership, followed by Norway with 27.4%. Interestingly, Japan has the lowest DOGE ownership of the 27 countries surveyed, according to the study. Overall, the average amount of Dogecoins per country stands at 18.5%.
Did you know that popular football player Neymar Jr is in the NFT market? Neymar owns two Bored Apes as well as NFTs. Spent over $1M on NFTs and ENS addresses. In recent news, successful PSG player, goal scorer for Brazil national football team and NFT enthusiast Neymar Jr is the newest member of the exclusive Bored Ape Yacht Club. Neymar shared the news with his followers on Twitter, posting a photo of his new tamarin wearing flashy futuristic glasses with the hashtag #BoredApeYC.
Investors of Altcoin Terra (LUNA) focused on a multi-piece announcement to be announced, and this week the first piece of the puzzle came to life. This week, Terra announced the creation of the Luna Foundation Guard (LFG), a new nonprofit dedicated to “supporting the advancement of open source technology, facilitating the growth of the Terra ecosystem, and improving sustainability. Do Kwon, founder and CEO of Terraform Labs, posted a recent series of tweets highlighting the main catalysts behind LFG:
Next, let’s take a look at the collaboration with Atari, the GAU Token game company produced for the Gamer Arena, where the domestic crypto exchange ICRYPEX brings together 300 thousand competitive players. GAU Token, which was offered to the public in cooperation with ICRYPEX and Gamer Arena, announced its first global agreement. ODI was completed in 3 minutes. Thus, GAU Token, which has joined forces with Atari, SA, will support projects in the MENA region, especially in Turkey.
Let’s continue with the Cardano network. Charles Hoskinson recently shared a tweet about the new GitHub release that adds compatibility to Cardano node v1.33.0. The altcoin project continues to add node improvements to handle transaction traffic in DeFi projects launching in the coming weeks.
Robinhood chief product officer Aparna Chennapragada said in a recent interview with Bloomberg TV that the company “really appreciates” the Shiba Inu community and does not underestimate its energy. He did not comment on whether the exchange intends to list the meme token. Last week, Robinhood chief financial officer Jason Warnick said the company would keep its listing options open:
It’s not a loss for us that our customers and others want to see us add more cryptocurrencies.
In another development, Yield App, the official crypto management partner of major league soccer club West Ham United, received huge support from its community during the rollout of Version 2 (V2) of its platform, and YLD price gained upward momentum. The newly launched Version 2 of the Yield App platform, which brings a host of new features, has been a huge hit with its community, and the YLD price has followed the following route.
cryptocoin.com Let’s end the altcoin news we’ve compiled with Terra. In recent news, Terraform Labs has announced the non-profit organization Luna Foundation Guard (LFG) to promote the growth of the Terra ecosystem. Terra financed the project with 50 million LUNA tokens, which equates to around $4 billion. Terraform Labs co-founder and CEO Do Kwon gave the following statements about LFG:
A decentralized economy needs decentralized money, and LFG provides a link to achieve that goal.
listing news
Verasity (VRA) is traded on the Huobi Global stock market today, January 21 at 08:00. Deposits are active and can be made in spot transactions when sufficient volume is reached. However, VRAs will be able to be moved from the Huobi Global stock exchange to another location from January 22 at 16:00 CET.
API3 (API3) is listed on the Binance exchange. Transactions were opened on January 21, 2022 at 13:30 Turkish time. API3 had an upside reaction to the listing by 22%.
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