Aave Labs Unveils Plans to Upgrade its Protocol to Version 4 đčThe new upgrade includes flash loan feature, customizable risk management, and more granular control. đčAave protocol has plans of integration with major developers to make DeFi accessible to all. đčThe new protocol will have the ability to create and manage several markets within the same ecosystem. đčAave has a feature that protects against sharp price drops by allowing users to choose their level of risk. đčThe proposed improvement aims to reduce the barrier to entry for DeFi and makes finance accessible to the masses. đčThe upgrade is well-received by the community, signaling positivity by the market. đčAave's innovation will potentially transform the DeFi sector and sets a new standard for other protocols.
Coinbase Announces Support for Neon EVM (NEON) on Solana Network đžNeon EVM is the first-ever solution allowing Ethereum-based applications to run directly on Solana. đžThis integration will significantly reduce transaction costs and increase speed for Ethereum apps. đžThe move aims to bring more developers and users to the Solana ecosystem. đžThe decision follows Solana's recent growth; its native token SOL has become one of the top ten cryptocurrencies by market cap in 2024. đžNeon Labs, the team behind Neon EVM, expressed excitement about this development and potential future collaborations with Coinbase. đžThis announcement marks another significant step in bridging the gap between Ethereum and other blockchain networks.
Payments Giant Stripe Expands Crypto Return With Avalanche Integration đžStripe now supports Avalanche (AVAX), encouraging its adoption as a payment method. đžThe reintroduction of crypto was spurred by increasing demand from Stripe's users. đžThis move marks a change in the crypto stance of Stripe, which stopped Bitcoin support in 2018. đžMore businesses are anticipated to start accepting AVAX as payment. đžAvalanche's fast transaction and low fees are highlighted as reasons for Stripe's choice. đžThis partnership supports overall growing trends of wider cryptocurrency adoption. $AVAX $AVAX
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Bitcoin Payments App Strike Launches for European Customers đčStrike uses Bitcoin's Lightning Network to enable cheap and instant cross-border transactions. đčThe company is in collaboration with BCB Group for regulatory compliance. đčStrike's CEO, Jack Mallers, aims to make Bitcoin a global medium of exchange. đčThe app has recently gained popularity due to El Salvador making Bitcoin legal tender. đčStrike has seen tremendous success in the U.S and is expanding operations to meet global demand. #STRK $STRK #Strike
Liquid Restaking Protocol Puffer Raises $18M, Led by Brevan Howard, Electric Capital đžThe round was led by hedge fund Brevan Howard and venture capital firm Electric Capital. đžPuffer, a liquid re-staking protocol, has successfully concluded an $18M funding round. đžThe protocol aims to streamline staking in decentralized finance (DeFi), boosting returns for investors. đžPuffer will allow users to compound their earnings in a liquid way, creating a more efficient process. đžThe protocol plans to launch in the second quarter of this year. đžBrevan Howard, an active DeFi investor, recently backed other crypto projects like Twin Finance and Solana. $ID #ID
VeChain Teams Up with UFC to Tokenize Fighter Gloves, Community Reacts đžFans can now own digital tokens representing their favorite fighters' gloves. đžThe initiative aims to enhance the fans' experience and bring them closer to the sport. đžThe partnership has generated mixed reactions, but the majority are positive. đžThis is the first-time UFC is venturing into tokenization, marking a significant step in sports and blockchain industry.
Illuvium raises $12 million ahead of its ecosystem launch đžThe game blends elements of role-playing, auto battler, and open-world exploration, a unique combination in the gaming industry. đžIlluvium's primary appeal lies in its NFT integration - players can collect and trade in-game assets as NFTs, translating in-game success into real-world value. đžThe funds will be used to augment game development and marketing efforts, demonstrating confidence in its future success. đžIlluvium is an example of the continued growth and potential of blockchain technology within the gaming industry. đžThe upcoming game shows the growing trend of NFT application in the gaming world. đžInvestors' interest in backing Illuvium illustrates a positive outlook for blockchain-based gaming. đžThe merging of NFTs with gaming could potentially redefine the economics of gaming. đžThe increasing number of blockchain-based games signals the future of the gaming industry.
FetchAI, SingularityNet and Ocean Protocol Propose Merger to Build Largest Decentralized AI Ecosystem đžThe three decentralized networks have come together to build a platform aiming to make AI more accessible. đžTheir objective is to tackle the control of AI by big tech companies. đžThe Collective will operate as a decentralized autonomous organization (DAO). đžThe merger will enable access to extensive AI and machine learning (ML) services. đžThis collaboration motivates community input in AI development. đžThe novel AI cooperation plans to entirely crowdsource AI tools. đžIt expects the integration of three blockchain platforms to solve AI's governance problems. đžThe access to millions of dollars of compute power via Ocean's datatokens is a key feature of this merger. đžThis enables anyone anywhere to contribute data or become an AI service provider.
Optimism allocates $3 billion in OP tokens to its blockchain developers and projects đžThe funding round was led by Andreessen Horowitz, a renowned venture capital firm. đžOptimism has successfully raised $70 million in Series B funding round in 2024.Notable participants included Paradigm, Three Arrows Capital, and Polychain Capital. đžFunds will be used to expand Optimismâs team and develop its Ethereum Layer 2 scaling solution. đžOptimism aims to reduce Ethereum's high transaction costs and improve its scalability. đžThe company plans to launch its mainnet this year after a successful testnet phase. đžThe Layer 2 solution could help Ethereum compete with other fast-growing blockchain networks. đžThe funding signifies growing investor interest in blockchain scalability solutions.
Layer-1 Blockchain WAX Signs Deal With Amazon Web Services đčWAX will leverage AWS's advanced technology to enhance the scalability and robustness of its platform. đčWAX is also planning to develop decentralized finance and non-fungible token (NFT) features using AWS. đčThis partnership denotes a significant move from Amazon in the Blockchain industry. đčThe collaboration will likely bring a new scale of speed, reliability, and security to the WAX Blockchain. đčThe deal marks the expansion of AWS into the gamified NFT space, a rapidly growing sector of the blockchain industry. $WAXP #WAXP
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Floki unveils roadmap with SWIFT, SEPA integration đčThe integration will enable direct buying of Floki tokens without the need for other cryptocurrencies. đčThe roadmap includes a move towards becoming a utility token and creating an ecosystem around it. đčFloki's price has increased by 10,000% since its launch in June 2023. đčThere are plans for a FlokiSwap exchange and a NFT marketplace named Valhalla. đčThe team also aims to create educational content about cryptocurrency through 'Floki University'. đčFloki Inu is named after Elon Musk's Shiba Inu dog, demonstrating the influence of high-profile figures on crypto trends.
Google adding Ethereum Name Service data into search results through Etherscan đčThis enables users to access the full ENS data history visibly on Google. đčThe data is collected from the Ethereum Name Service, which assigns names to Ethereum addresses. đčThis move makes blockchain data more accessible to the general public. đčOn the technical side, Google BigQuery handled the data pipeline from Etherscan. đčBy making Ethereum data easily searchable, Google aims to promote transparency and accountability of blockchain. đčIt's the first time Google Search has taken a step towards integrating blockchain data. đčThis move marks significant mainstream tech recognition for blockchain technology and Ethereum specifically.
Pantera Capital eyes $250 million SOL purchase from FTX estate đčThe deal, significant due to its size, has the potential to further bolster Solana's market position. đčSolana blockchain is gaining popularity for its scalability and speed, processing 65,000 transactions per second. đčThis purchase, made at a time when Solana is experiencing a surge in developer activity and application launches, underscores Pantera Capital's confidence in the platform's future. đčLast year, Pantera Capital raised a $600 million crypto fund intending to invest more in Solana and other blockchain projects. đčThe deal also signifies the increasing trust and investment by major financial institutions in blockchain technology and cryptocurrency markets.
Crypto Wallet SafePal Ventures into Banking with New USDC Visa Card đčThe card allows users to spend their USDC stablecoin at any merchant accepting Visa. đčUsers can also withdraw cash from ATMs worldwide using the card. đčThe move aims to bridge traditional finance and the crypto world, bringing cryptocurrency into everyday use. đč SafePal has partnered with Circle, issuer of USDC, for this initiative. đč The card will initially be available in over 30 countries including the UK, Canada, Germany, and France.
#SFP $SFP more impactful news: discord.gg/8XjpNJxyVT
Spanish telecom giant Telefonica taps Chainlink to secure API connections on Polygon
One of Spainâs largest telecommunication companies, Telefonica, has selected Chainlink to connect its systems to Polygon. Spanish telecom giant TelefĂłnica has announced a partnership agreement with Chainlink Labs to leverage Chainlink Functions to establish secure connections.
Maker of Oreo and Cadbury Chocolates Joins Hedera Council to Accelerate Blockchain Adoption
On February 14 the company behind Oreo and Cadbury Chocolate, MondelÄz International, announced that itâs joining the Hedera Council, the entity that governs the Hedera Network, âa sustainable public ledger for the decentralized economy.â
Avalanche App Battle.tech Brings SocialFi to Gaming With 'Player Passes'
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Can a gaming focus help Battle.tech outlast the typical SocialFi hype cycle? A look at the new âKickstarter for esportsâ Avalanche app. #AVAX $AVAX