Axie Infinity Launches Katana DEX
Axie Infinity, the Ethereum-based crypto game built by Sky Mavis, has announced the launch of its own decentralized exchange, Katana.
The launch follows the development of its Ronin sidechain, which now also introduces a new ecosystem token, $RON. Now, Axie Infinity users will be able to swap tokens without connecting to and bridging with the Ethereum blockchain.
IoTeX is going to update to version 2.0 and launch MachineFi
IoTeX is going to update to version 2.0 and launch MachineFi. MachineFi will connect the real world to the metaverse and unleash a new decentralized machine economy.
Highlights of The Week
$SOL Ventures, FTX, and Lightspeed launch $100M Blockchain Gaming Fund.
$XTZ Music NFT Platform, OneOf, announces Grammy Awards partnership.
$ENJ is launching $100M Metaverse Fund.
$IOTX ships Pebble Tracker to CrowdSupply.
Solana Ventures, FTX, and Lightspeed launch $100 million blockchain gaming fund
Solana Ventures, Lightspeed Venture Partners, and FTX announced a $100 million fund to invest in startups focused on building blockchain gaming studios. Startups that were selected to invest include Epic Games, 1047 Games, TripleDot Studios and Faraway Games.
FTX bought and burned 7.9 million USD worth of FTT
FTT announced that they bought and burned 7.9 million USD worth of FTT this week. Specifically, 134.117 FTT have been burnt, equivalent to 7.960.000 US$.
See more details at: https://ftx.com/ftt
wXRP launches on the Ethereum blockchain in December
Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable XRP holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via their native tokens.
SushiSwap is going to launch NFT and Metaverse
SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the art world with the technological innovation of decentralized finance.
Enjin announced the $100M Efinity Metaverse Fund
Enjin announced that they had formed a US$100 million Efinity Metaverse Fund to formalize support for their ecosystem partners, and help make the decentralized Metaverse a reality.
The Efinity Metaverse Fund will collaborate with metaverse projects on Efinity – the blockchain platform developed by Enjin and Polkadot. In addition, the fund will also be willing to sponsor potential NFT, dapp and game ideas.
ETH is now worth more than the market cap of the world’s largest bank
Ethereum’s record-breaking rally saw it reach above $4,600 for the first time in its history, with a market cap approaching $550 billion. This puts it above JPMorgan Chase, the world’s largest bank by market cap.
Binance spends $115M in France to develop European crypto ecosystem
Binance CEO Changpeng Zhao announced the launch of the new initiative, officially named Objective Moon, during a conference in France. According to the announcement, Binance will spend $115M and cooperate with the local financial technology association France FinTech to implement this project.