Bangalore, India, 21st March, 2022, Chainwire NeoFi, a platform that helps retail investors build a diversified long-term portfolio of digital assets in a single click and leverage DeFi to earn hassle-free passive yields, has secured funding of $2.1 Million from notable investors. NeoFi will use this funding to complete the development of its ecosystem and…
The second-largest European bank HSBC has partnered with The Sandbox, a leading metaverse project, to explore the potential of Web3 commerce and reach customers in the rapidly growing metaverse.
Cylum finance is an automated network that provides sustainable investment opportunities for its community of users. The network enables users to gain increasing investment benefits by letting their assets function in an attractive and high-producing investment space. Cylum Finance proves to be the best of DeFi 3.0 projects and the first among its competitors, such as Titano and Libero, to develop a bearable DeFi 3.0 automated staking, burning, and compounding system. The Cylum finance protocol offers users an accumulated fixed Annual Percentage Yield (APY) of 395,677% in a compound interest model.
Following two weeks of stagnation in terms of the end-of-week total crypto market capitalization, it now seems that investors have slowly started to increase their crypto stakes. This week, the total market capitalization has climbed from $1.77 trillion to $1.92 trillion. It is still less than 10%, but who are we to complain? Biggest weekly gainers were Ethereum Classic (ETC), THORChain (RUNE), Aave (AAVE), Mina Protocol (MINA) and Avalanche (AVAX), which all appreciated by more than 20%. The sector’s benchmark, Bitcoin, is also up by almost 7% in the past week. Let’s hope for a continuation of this trend in the Week 12.
Tortola, BVI, 21st March, 2022, Chainwire DeFi protocol Struct Finance announced the closure of a $3.9 million seed round to develop the tools that will allow the ecosystem to customize, compose, and invest in decentralized structured products. A total of twenty-four top name companies have taken part in the funding round for Struct Finance, as…
Both the PoW and PoS consensus are designed to achieve the same purpose; decentralization, immutability and network security. PoW consumes huge amounts of eletricity to secure the network, while the PoS algorithm is less power-intensive. The PoS is therefore better suited for DeFi.
The Play-to-earn gaming is a growing industry. It attracts players in a number of ways. NFTs are crucial for P2E. Even establish brands entered the P2E and NFT industry.
Cryptocurrency exchange Coinbase has launched Coinbase Pay, a new tool designed to streamline the process of onboarding funds to a digital wallet. Previously, users had to login into their exchange account, copy the address and confirm the transaction of funds from their Coinbase account. The multi-step process left a lot of room for error and surely made many newcomers to crypto nervous when transferring funds to their self-custody wallet.
Music streaming giant Spotify is the latest high-profile tech company to venture into the rapidly growing world of non-fungible tokens (NFTs). According to new job listings, Spotify is looking for an experienced backend engineer who could leverage Web3 technologies to “uncover the next growth opportunity” and a senior manager capable of identifying potential moonshot projects.