Uniswap will be deployed on Polygon
Uniswap will deploy its smart contracts on Polygon, the Ethereum scaling solution, Proof-of-Stake (PoS) chain.
The announcement was made via Twitter by the official handle of Uniswap Labs after the completion of a community vote. The motion was passed with 72 million votes in favor and 503,009 against which suggests the proposal has wide acceptance within UNI holders.
SBI Group launches crypto-asset fund for Japanese investors
Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot.
Shopify collaborates with GigLabs to integrate NFTs with e-Commerce
The partnership will see the GigLabs NFT App getting integrated into the Shopify App Store, enabling eligible Shopify Plus merchants to create and sell NFTs on their Shopify storefront.
Merchants can create an NFT in a matter of minutes of setting preferences, without requiring any prior experience in app development or blockchain.
Ethereum alternative Avalanche climbs Top 10 coins as price rises 11%
AVAX, the native token of Ethereum challenger, Avalanche, priced between $10 and $11 less than six month ago, is now worth $110.
Thanks to a 31% price rise this week and 11% rise over the last 24 hours, it’s become the ninth-largest cryptocurrency by market capitalization.
Highlight of the week
$INJ protocol welcomes Terra ecosystem markets
$BAT releases Brave Mobile Wallet Beta
$ZEN develops Blaze SDK to increase blockchain adoption
$SOL selected for Michael Jordan’s launch of fan engagement platform
$AVAX integrates native USDC and Gnosis Safe Multisig Wallets
1inch launches v2 edition for limit orders
The common decentralized exchange 1inch just announced that the platform’s v2 edition which provides the limit order feature is now available.
With the creation and launch of v2, 1inch claims to have been operating on reducing the value of gasoline, optimizing trading features, and enhancing user experience.
YFI price gains 46% in just 4 days
Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100.
The gains surfaced primarily as Yearn Finance revealed that it has been buying back YFI en masse since November to improve the YFI token’s economics. The decentralized asset management platform purchased 282.40 YFI at an average price of $26,651 per token — a total of over $7.50 million.
ConsenSys collaborates with Mastercard on new Ethereum scaling system
Ethereum software firm ConsenSys has launched “ConsenSys Rollups” with the help of Mastercard to enable expansion on both the Ethereum mainnet and for private use.
ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications focused on providing scalability and privacy capabilities that can be connected to any Ethereum Virtual Machine (EVM) compatible blockchain.
Polygon and Reddit co-founder’s VC launch $200 million Web3 fund
Ethereum scaling project Polygon and Seven Seven Six have jointly launched a $200 million fund to invest in Web3 social media and gaming projects.
The fund is denominated in dollars and not in Polygon’s MATIC tokens. It will invest in startups building on Polygon’s technology and back their equity as well as token rounds.
VR World adds support for SHIBA INU using BitPay
VR World, the largest virtual reality experience center in America, will partner with the payment processor BitPay to add supports for SHIBA INU, the 13th largest cryptocurrency by market cap and the most popular meme currency at the moment.