Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games
Community-driven gaming firm, Planetarium Labs, has raised $32 million in Series A funding, backed by Animoca Brands, Samsung Next and WeMade.
The funds will be used to build a blockchain-based gaming ecosystem based on Libplanet blockchain technology, allowing gamers to join the game network while also providing users a voice in open-source content development.
Reddit to launch NFT avatars built on Polygon
In the coming weeks, Reddit will be launching a new Collectibles Avatar marketplace leveraging non-fungible tokens (NFTs) hosted on Polygon’s blockchain.
Home to countless forums and online communities, the website will partner with independent artists to create unique avatars that Reddit users can buy for a fixed price and customize with gear, yielding creators a slice of the sales.
Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed
According to a recent survey conducted by Appinio and despite the collapse in crypto prices and the start of the bear market, “55% of crypto investors held their investments in response to the recent crypto-asset market sell-off with just 8% selling their investments.”
The study also found that “33% of American investors are invested in crypto-assets,” and “40% of investors believe Bitcoin presents the best investment opportunity over the next three months.”
US Treasury issues framework addressing engagement on crypto with foreign regulators
The U.S. Treasury said it had reported on a regulatory framework for cryptocurrencies in consultation for International Development and other government agencies as required by President Biden’s executive order on digital assets issued in March.
According to the Treasury Department, the framework aimed to encourage the development of digital assets while respecting “America’s core democratic values” and ensuring the stability and safety of the global financial system and international monetary system.
DeFi giant Aave wants to launch its own stablecoin
Aave founder Stani Kulechov announced that they have created an Aave request for comments for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO.
This means Aave’s proposal for a new stablecoin is now in the hands of its DAO—its community of AAVE token holders that vote on decisions that affect the protocol’s future.
Immutable X allowing Ether-to-Dollar withdrawals
Ethereum scaling system Immutable X is allowing users to receive U.S. dollars in their bank accounts on ether (ETH) withdrawals. The fiat transactions are processed via crypto payments firm MoonPay.
The ability to convert from ether to dollars is available to any developer building on Immutable. Developers can enable their users to sell layer 2-based ether and have the proceeds deposited directly into their bank accounts.
Demand for crypto cold wallets in Russia increased 8 times
Cryptocurrency users in Russia sought to buy hardware wallets eight times more between March and April 2022, according to a representative of wallet developer Tangem.
According to Tangem, the increase in demand for its devices since the beginning of the year is partly due to the launching of more affordable products. Ozon also acknowledges that a greater variety of products has contributed to the spike in demand.
Top 10 Daily Gainers
Following Bitcoin’s growth, most altcoins are witnessing a significant recovery. PRQ, the native token of the PARSIQ ecosystem, is currently leading the Top Gainers on ONUS with a growth of 101.45% and a trading volume of $507.93k. Following behind are NBS (up 71.79%), KEY (up 42.05%), VIDT (up 39.93%),…
Dogecoin, XRP can now be accepted as payment by Canadian Food Tech WeCook
Dogecoin, XRP and other cryptocurrencies are now accepted as payment methods by Canadian food tech company WeCook, as Nuvei announces its partnership with the ready-to-eat meal delivery platform.
WeCook will be utilizing Nuvei’s payment technology and support to run both its business-to-business and direct-to-consumer payment processing needs.
SHIBA INU plans to launch stablecoin
A lead developer behind popular meme cryptocurrency SHIB Shytoshi Kusama said that “independent developers” are crafting a decentralized stablecoin called SHI, which is expected to launch later in 2022.
The team is separately building a metaverse project with 100,000 land plots as virtual real estate. The Shiba Inu Collectible Card game, which is in the development phase, will live in SHIBA’s metaverse, according to the blog post.