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Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise

Web3 Data Platform Dune Analytics Propels to Unicorn Status After .4 Million FundraiseThe Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been propelled to unicorn status with a post-money […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few Days

Uniswap Community Votes to Deploy v3 on Polygon, Contract Support Coming in a Few DaysOne of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain. Uniswap to Support Polygon PoS Blockchain In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

While the Value Locked in Defi Soars, Dozens of Dapps Leverage Cross-Chain Support

While the Value Locked in Defi Soars, Dozens of Dapps Leverage Cross-Chain SupportDecentralized finance (defi) protocols continue to shine as the total value locked in defi is over $260 billion. While Ethereum started the defi trend and holds the lion’s share of TVL in defi, a great number of decentralized applications (dapps) are supporting a slew of alternative blockchains. Today’s Most Popular Dapps Support More Than One […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Hop Protocol launches USDC bridge between Ethereum, Polygon, and xDai

Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks.

Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched its Hop bridge for the first time. 

A July 12 blog post notes the bridge has been launched with limited functionality, currently supporting “instant” USD Coin (USDC) transfers between the Ethereum mainnet, Polygon, and xDai Chain.

Hop plans to expand the number and assets it supports over “the next couple of weeks,” including crypto assets Ether, Matic, and Wrapped Bitcoin, stablecoins Dai and Tether, and forthcoming layer-two networks Optimism and Arbitrum.

The bridge locks up tokens that a user wishes to transfer between networks, issuing its own “hTokens” that can be quickly and cheaply transferred between layer-twos. The hTokens are destroyed on redemption. 

Hop will also launch a StableSwap automated market maker on each supported network to facilitate exchange between hTokens and their underlying assets, with Hop offering liquidity providers a 0.04% cut of all fees earned on transactions.

The StableSwap deployment on Polygon will also offer a liquidity mining program for USDC liquidity providers with more than $180,000 worth of MATIC slated for distribution.

While layer-two networks have emerged as the dominant scaling solution for Ethereum, the ecosystem has lacked the infrastructure facilitating the fast movement of assets between respective layer-twos.

Related: EY publishes an Ethereum scaling solution to the public domain

In March, Ethereum co-founder Vitalik Buterin revealed that sharding had been pushed behind the chain merge in the Eth2 roadmap amid the success of layer-twos, predicting that rollups will scale Ethereum by a factor of 100.

However, while Buterin had then predicted rollups would be launched within a few weeks, the Ethereum ecosystem still has not seen major rollups solutions launch to mainnet, with Optimism currently targeting July 26 for launch and Arbitrum yet to open up its guarded launch.

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Community members integrate play-to-earn features into Dark Forest game

Players can now earn xDAI by broadcasting planet locations in the space strategy game.

Players of the decentralized real-time strategy game, Dark Forest, have introduced new and innovative ways of earning cryptocurrency within the virtual ecosystem.

The play-to-earn plugin “Broadcast Market” was integrated into the game on May 31, according to a tweet by programmer Blaine Bublitz. The developer noted that Broadcast Market is the first plug-in featuring its own smart contract that directly communicates to Dark Forest.

Bublitz added that he and collaborator Jacob Rosental, "Project Sophon," intend to develop additional plug-ins for the game in future, thanking Dark Forest for supporting their work.

Dark Forest praised the plug-in as showcasing the possibilities enabled by decentralization, emphasizing that players and not just Dark Forest’s official developers can expand the DApp’s gameplay and functionality:

“Thanks to interoperability, *new game features* in a decentralized game can be added by anyone, not just the original devs — this is literally not possible in traditional games.”

Dark Forest is a real-time strategy space-conquest game where players discover and capture planets in an infinite, procedurally-generated, cryptographic universe.

It has been built on Ethereum using zkSNARKs to provide zero-knowledge proofs. The cryptography secures the hashes that are created to represent planet locations in the smart contract.

Broadcast Market has been developed by Project Sophon allowing gamers to reveal the location of any planet in the Dark Forest universe once every 24 hours. Competitive players need more than a single planet broadcasted so users can now earn xDAI just by broadcasting a planet for another player, the website explained.

xDAI is a derivative of the MakerDAO stablecoin DAI hosted on an Ethereum layer-two sidechain of the same name offering high-speed and low-cost transactions. Project Sophon stated that they would take a 20% listing fee, paid by the creators of Broadcast Requests, for posting on the Broadcast Market.

The MMO, or massively multiplayer online game, was launched in August 2020, recently upgrading to version 0.6 on May 21.

Other blockchain gaming platforms encouraging play-to-earn mechanics include Axie Infinity — a play-to-earn virtual world populated by collectible fantasy creatures that are represented as nonfungible tokens (NFTs).

On May 3, Cointelegraph reported that the pseudonymous digital landowner and crypto whale, Flying Falcon, had sponsored 50 Axie Infinity players based in emerging economies.

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

Rare Crypto Faucet and DeFi Apps Launch on xDai Chain

Rare Crypto Faucet and DeFi Apps Launch on xDai ChainPRESS RELEASE. Toronto, Ontario, Canada, March 19th 2021 – Affinity Design – Rarify Apps just launched a new deFi application only possible on layer 2 tech. After only a week since the claiming app debut, the price of Rare Coin soared well over 1000 USD on the Honeyswap DEX after the app garnered over 3 […]

Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge