NEAR price enters price discovery following the successful completion of a $150 million funding round and exponential ecosystem growth.

FTX launched $2B web3 venture fund led by Lightspeed’s Amy Wu with more plans to wide-range crypto and blockchain that will oversee the FTX gaming business as we are reading more in our latest cryptocurrency news today. FTX launched $2B web3 venture capital fund by Amy Wu who will also run the exchange’s video game […]

One major issue the crypto space has faced for a long time now is the issue of interoperability. This however is beginning to be a non-issue as solutions pop up every day in this fast-moving industry of ours. One of these solutions I’ve been impressed with is that of ChainPort and I’d be talking about them in this article.  ChainPort  ChainPort is a permissionless crypto bridge that lets its users port any crypto token to different blockchains like Polygon, Avalanche, Binance Smart Chain (BSC) and Ethereum. ChainPort plans to support all EVM compatible networks. This is detailed on the Roadmap. This ability to transfer tokens to different blockchains enables anyone to make any token blockchain agnostic by carrying out a few simple clicks.  ChainPort works in three simple steps: You deposit tokens You mint them on your target chain  And then they are ready to use on Decentralized Exchanges (DEXs)  ChainPort Features and Benefits  Permissionless — Users can port their tokens between blockchains and boldly trade across the cryptoverse without intervention or limitations.  Simple UX — ChainPort’s porting interface and experience is as user-friendly and simple as it can get.  Embeddable — ChainPort provides a direct link that is connected to the token pair and blockchain of users. This way, it’s easy to have a bridge to the bridge and it’s easier for the community of the user.  Full Interoperability — ChainPort boasts of a full cross-chain portal. This feature allows tokens to port across multiple chains without reverting to the original token.  Fast — ChainPort has one of the fastest bridge speeds in space. An average port takes only 2.5 minutes to complete.  API Integration — You can add ChainPort bridges directly to your token from your digital property.  Secure Bridge — For ChainPort, security is a top priority. The bridge secures all assets on it with a multi-layer technology that combines the latest breakthroughs in MPC cryptography and hardware isolation. There are also other advanced security features like fund segmentation, multi-sig cold wallet protection for assets, multiple contract audits etc.  Live Human Support — There is a live chat support feature on all of ChainPort’s devices How to Use ChainPort  Listed below are the steps you have to follow to successfully use ChainPort’s bridge to transfer tokens between different blockchains.    Connect your Wallet — On a first-time visit to ChainPort, you will need to connect your wallet to the platform. Wallets that are supported include MetaMask, Wallet Connect, Formatic, and Portis. To use other wallets, you can connect them through Wallet Connect via QR. Select a Token —  After connecting your wallet, you have to select the token you want to port over to a new blockchain.  Deposit the Token — After selecting the token you’re trying to port over to another blockchain, you can then deposit that token into ChainPort so that it can be sent over to the blockchain of choice. Approve the Transaction — Next you have to decide how much gas you want to pay for the transaction. This is the last thing you have to do and your tokens will be on a new blockchain.  Check It Out — When your tokens arrive at your Blockchain of choosing, you can press “Check it Out” and you’ll get redirected to Etherscan/BscScan/PolygonScan to view the transaction.  Verified Token   These are tokens that were ported with the help of the ChainPort Team. These tokens have liquidity on the other side of the bridge for you to trade on. Below is a sheet with all the tokens ChainPort supports https://docs.google.com/spreadsheets/d/1-hKsH-n_jIx7ojusO9Wj4UmmgH-WHJN8VTJ5hlvl2E4/edit#gid=0 Token  CPT is the native utility token of the ChainPort ecosystem. It enables a premium discount for utilising ChainPort services throughout the network. Also, with CPT, a rev-share model is enabled for projects and affiliates of ChainPort. These affiliates/projects will earn a percentage of the fees paid for the tokens they help onramp and/or for transactions they refer to the ChainPort network.  The majority of the payable fees are used to buy CPT, which may then be used for burns or in yield strategies. Affiliates, referrers and projects of ported tokens will get some of the fees from the bridge. Holders of CPT who use the bridge with their CPT will have their CPT staked to perform yield strategies.  Another perk of CPT is that its holders will have VIP access to take advantage of the valuable data network effect the platform boasts of. The CPT Token will bridge the data network effect which is generated by ChainPort into a value network effect for all holders of the CPT token. Tokenomics ChainPort has fair tokenomics that has been conceived to share value with its users and supporters. This simple and effective system is built-in and exclusive to the platform. Users Fee + NFT Per Port 0.3% … Continued

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The South Korean blockchain hopes to fund its interoperability technology to create new cross-chain applications.

On January 14, FTX, a popular Bahamian-based cryptocurrency exchange led by Sam Bankman-Fried, announced a launch of a new venture capital business unit called FTX Ventures.

Since the launch of the foremost digital cryptocurrency, Bitcoin, numerous alternative currencies (altcoins) have come onto the scene, opening an avenue for investors to search [...]

Wu plans wide-ranging crypto and blockchain investments for FTX Ventures, and will also oversee FTX’s gaming business.

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

ONE coin price action breaks above the rounding bottom pattern with a 35% jump in last week and draws extreme buying pressure. Harmony is an open-source blockchain platform that was designed to ease the creation, as well as, use of decentralized apps (DApps). The network is designed to improve the way that decentralized applications operate by making use of random state sharding. This lets you create blocks in a matter of just a few seconds. According to the website of the project, Harmony is expected to launch cross-shard contracts as well as cross-chain technology before the year 2021’s end. Let us move ahead to read about the Harmony technical analysis. Past Performance of ONE ONE coin price shows a growth of more than 35% in the past four days from the curve of the rounding bottom pattern. The rally creates multiple bullish engulfing candlesticks in the daily chart. Thus, the rally brings the long-awaited rounding bottom pattern breakout mentioned in our previous article. ONE/USD Daily Chart ONE Technical Analysis The ONE coin price action rises above the resistance zone at $0.34 with a boom in buying pressure. The depth of the rounding bottom patterns hints at a possible 100% gain in the coin price. The crucial EMAs (50, 100, and 200) maintain a rising trend in the daily chart. These EMAs can act as dynamic support levels and help maintain the uptrend during each bear attack. The RSI indicator at 69% spikes higher to the overbought zone from the central line in the daily chart. Additionally, the 14-day SMA continues to rise higher, proposing a long-coming rally. The MACD indicator shows the MACD and signal lines rising higher after avoiding a bearish crossover in the daily chart. Moreover, the bullish histograms regain their strength, indicating a post-breakout bull run. Therefore, the ONE price action and the technical indicators showcase a high possibility of a breakout-backed bullish rally. That is why even safe traders can find high risk to reward position entries at current prices. Upcoming Trend The increasing buying pressure and the breakout of the rounding bottom pattern strengthen the underlying bullish momentum in the ONE coin. Therefore, Harmony is one of the few layer-1 altcoins showing a bullish upcoming trend despite the dark clouds over the crypto-verse. The price action indicates resistance levels at $0.45 and $0.53 after the primary resistance at $0.40. The support levels are at $0.34 and $0.30, which can halt the reversal from the trendline. In conclusion, the bullish breakout brings an excellent buying opportunity at current prices. And, a bull run above $0.55 is possible if the buying pressure sustains. Hence, traders can enjoy this bullish rally with little to no risk of a bearish downfall except for a retest. Technical Analysis for ONEUSDT by TradingView

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NFT stands for Non-Fungible Token – Non-Fungible meaning unique, and token meaning record of ownership stored on a blockchain. Put together, an NFT is a record of ownership of a unique item that’s stored on a blockchain. While NFTs had their start in generative art, their use cases have expanded to include other digital items like metaverse land, blockchain game characters, and music. Further, a process called tokenization allows the ownership of physical items to be encoded into blockchains, expanding NFT use cases even further to include things like merchandise, real estate, and physical art. Data stored on blockchains is immutable and transparent – immutable meaning tamper-resistant, and transparent meaning visible and verifiable by all. Because NFTs exist on the blockchain, they cannot be deleted, and their existence is publicly verifiable. This makes NFTs ideal for ownership rights management and securely storing important records. Their applications are limited only by the human imagination. The logic behind NFTs – their creation, how they are transferred between people, and their utility – is managed by smart contracts, bits of software that enforce digital agreements and run on decentralized networks like Ethereum. Combined with immutability and transparency, smart contracts make NFTs trustless, making it possible for people to transact directly without risk of fraud. Thanks to trustlessness, networks of anonymous individuals can use and transfer NFTs without centralized authorities or middlemen. This makes NFTs fair for all people, and makes self-management of ownership possible, bolstering the freedoms of those without equal access to opportunities and resources. For example, women in certain regions of the Middle East and Africa are not allowed to hold their own birth certificates and passports, making citizenship verification and travel difficult. NFTs stored on a secure and decentralized blockchain could be used as digital passports, empowering these women to control their own citizenship and travel rights. NFTs can be used for other important documents as well, such as IDs and proof of residency. Without documentation, individuals do not have access to financial services. NFTs fill this need by giving people control over their own documentation. Combined with DeFi platforms, networks through which individuals provide financial services to each other, NFTs could allow anyone with a smart device and internet to control their own finances. One DeFi platform that’s trying to make financial services more accessible is Konstellation Network, an ecosystem of several products that aim to offer all the benefits of traditional fintech and more. Konstellation Network is a blockchain protocol that’s creating a global infrastructure for the future of decentralized capital markets. Here’s a look at their products: DarcMatter is an investment platform that gives investors access to tokenized (NFT) versions of alternative investments, which can include items like art, antiques, commodities, and derivatives. VegaX is a digital asset management firm that gives investors access to crypto index strategies, allowing them to diversify by investing in groups of several cryptocurrencies at once. Taebit is a DeFi platform focused on bringing cryptocurrencies to the Korean market through ease of access and usability, including a DEX for liquidity within the Korean market as well Photon Gateways are cross-chain bridges created to make the transfer of assets between several blockchains seamless to open more investment opportunities. A recent NFT-based addition to the Konstellation ecosystem is Squid Squad OG, a game in which NFT holders compete in high-risk, high-reward Rock Paper Scissors. To be eligible to play, players must purchase lottery tickets — the proceeds of which go to a communal prize pool. Squid Squad OGs then face off, the losers being eliminated. Every time 32 players are eliminated, the games will be put to a vote on whether to continue the games or to discontinue. The form to join the Squid Squad OG whitelist is here. Conclusion Since beginning with generative art, NFT technology has come a long way. Today, NFTs have the potential to bolster freedoms worldwide and make financial services accessible to all. Through NFTs and DeFi protocols, the Konstellation Network enables users to create and stake stablecoins for easy payments and passive income; invest in both traditional and alternative markets, and transfer assets between blockchains.

PRESS RELEASE. United Kingdom — January 13th, 2022 – Kepithor Studios has announced a set of innovative new GameFi mechanics coming to its turn-based NFT battle game, Kingdom Karnage. The game will introduce new play-to-earn opportunities for its players, powered by its upcoming KKT token, which has received investment from Animoca Brands, Kriptomat, ExNetwork, MyMetaverse, […]

Composable Finance, a robust cross-chain and cross-layer infrastructure with intuitive tools for developers, has won the 8th slot in the 7th Polkadot Parachain auctions. (Read More)