Decentralized exchange (DEX) aggregator 1inch Network has entered the hardware wallet industry. Mask Network received a strategic investment of 5 million from DwfLabs. Stargate Finance will work with Ethereum layer-2 platform Metis. And there is important news for more altcoin projects.
Hot important news from altcoin projects
1inch launches proprietary hardware wallet
Decentralized exchange (DEX) aggregator 1inch Network has become the latest cryptocurrency platform to enter the hardware wallet industry amid the rise of self-surveillance. On January 19th, 1inch officially introduced the 1inch Hardware Wallet, a proprietary hardware wallet developed by an independent team working within the 1inch Network. 1inch Networks’ upcoming hardware wallet does not have a direct connection to the internet and does not require any wired connections.
Mask Network receives $5 million investment from DWF Labs
Mask Network announced that it has received a strategic investment of 5 million from DwfLabs. According to the project’s description, the investment will be used to support the continued construction of a decentralized social network and Mask Network ecosystem to make Web3 more accessible. Mask Network, meanwhile, announced that it, in conjunction with DWF Labs, has prepared an NFT collection that will be distributed to its followers around the same time tomorrow to celebrate this news and the upcoming Lunar New Year. NFTs will be sent via Mask’s Lucky Drop feature.
Stargate partners with Metis
Cross-chain bridge protocol Stargate Finance will work with Ethereum layer 2 platform Metis to provide more flexible and secure cross-chain applications for users. The partnership is offered as a way to allow Stargate, a protocol created by LayerZero Labs, to give projects greater flexibility when building decentralized finance (DeFi) applications on different blockchains. The move will be the first expansion beyond LayerZero technology for Stargate.
Cardano hosts the world’s first automotive project
Cardano is growing the influence of its network with the launch of the world’s first automotive project built on any Blockchain protocol. The project, called eTukTuk, will allow drivers, passengers and other participants in the network to earn rewards. They can also benefit from increased use and expansion of eTukTuk’s charging infrastructure. eTukTuk was created primarily to bring electric two- and three-wheeled vehicles to help countries adopt clean and sustainable transportation models. The start-up is also working to expand its charging stations. Thus, emerging economies will also benefit from the increasing transition towards electric vehicles.
Polkadot unveils major release, here’s what’s new
Web3 interoperability platform Polkadot has released new versions since the beginning of the week. Polkadot creator Gavin Wood says in a Twitter announcement that Polkadot XCM version 3 came out exactly 15 months after development. This enables bridges, cross-chain locking, exchanges, NFTs, conditional statements, and context monitoring. It also aims to improve interoperability between blockchains, smart contracts and NFTs.
Likewise, Polkadot version 0.9.37 is now available, which includes changes from v0.9.36 to v0.9.37. Released Ink 4.0.0-beta to create contracts using ink.
SSV DAO launches $50M fund for Ethereum
SSV DAO, the decentralized autonomous organization behind decentralized staking protocol SSV Network, is launching a $50 million ecosystem fund to help mature Distributed Verifier Technology (DVT) infrastructure. DVT refers to developing a technology that will allow an Ethereum Proof-of-Stake (PoS) validator to run on multiple nodes simultaneously. The technology is a key component in Vitalik Buterin’s Ethereum roadmap for decentralization. The ecosystem fund follows SSV’s $10 million grant pool announcement last year to help teams develop staking projects on Ethereum.
Kava is now listed on Coinbase
cryptocoin.com As Cosmos, we reported that Kava (KAVA), a Tier 1 Blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum, will be listed on the Coinbase exchange. Today this happened and KAVA has been added to the Coinbase list. It is expected that the listing will open it to a huge embrace and adoption for a whole new group of users in the US. So this move is important for the native token of the protocol.
The listing had a positive impact on the altcoin price, which rose 8.26% to $1.03 in the last 24 hours. According to data from CoinMarketCap, the development has positioned KAVA among the few top 100 altcoins still in the green at the time of this writing, up 43.28% weekly.
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