Ethereum layer 2 solution Optimism has finally launched its OP token The token was airdropped to 2,49,000 registered Ethereum wallets. Optimism, which is a layer two scaling solution of Ethereum, has finally airdropped its widely anticipated OP governance token to its registered users. The details concerning the token airdrop event...
The current AIP-41 voting poll suggests that the majority of Apecoin holders do not want the token to migrate to another chain. At press time, the AIP-41 proposal has attracted nearly 66% that are in favor of Apecoin sticking with the Ethereum blockchain. It seems that the majority of ApeCoin...
Web3 infrastructure provider Ankr has joined forces with Optimism protocol to deliver fast RPC services Ankr’s partnership with Optimism will help the network to bolster its blockchain activities Ankr, one of the leading Web3 infrastructure providers has entered into a strategic partnership with the Ethereum layer 2 scaling protocol Optimism...
Summary: Napster plans to launch the $NAPSTER token focusing on the music industry. Napster will also venture into NFTs as it expands into Web3. The $NAPSTER token will have utility such as payment for subscriptions and goods and services. Napster is following in the footsteps of Limewire, which announced similar...
Summary: Blockchain.com’s CEO has revealed that the company faces a $270 million loss on loans to the Three Arrows Capital hedge fund. However, he states that the company remains liquid and solvent, and its customer will not be affected by the loss. Blockchain.com CEO, Peter Smith, has revealed that the...
Summary: Sandbox has announced a partnership with the skateboarding legend Tony Hawk to build the biggest skatepark in the Metaverse. Autograph NFTs will provide additional access to Tony Hawk’s LANDs on Sandbox. Sandbox has bagged significant Metaverse-based partnerships this month with Playboy, Sout Korea’s KEB Hana Bank, and the Bushidos...
Summary: Gemini exchange has allegedly laid off 7% of its staff, with potentially more on the way. The crypto exchange is laying off staff due to ‘extreme cost-cutting.’ This marks the second round of lay-offs after Gemini reduced its workforce by 10% in early June. The Gemini crypto exchange founded...
Summary: Algorand’s CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos will stay on at Algorand as a senior advisor until mid-2023. Algorand’s current COO, Sean Ford, will serve as interim CEO effective today, July 27th. Algorand’s (ALGO) CEO, Steven Kokinos, has left the blockchain...
Summary: The Harmony Protocol team has proposed a reimbursement plan that involves hard-forking the chain. The plan involves two options: minting 4.97 billion ONE for full reimbursement or 2.48 billion ONE for 50% reimbursement. The minted ONE will then be distributed within three years. The team at Harmony protocol has...
