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Byte Trading, a crypto market maker specialized in derivatives, has raised $7 million in a seed funding round.

The post Crypto market maker Byte Trading raises $7 million in seed funding appeared first on The Block.

NFT marketplace OpenSea has confirmed its acquisition of Dharma Labs.

The post OpenSea confirms acquisition of Dharma, sets sights on fiat onramps appeared first on The Block.

Quick Take

• In the “Web3 Building Blocks” (W3BB) series, we dive into the mechanics and developments behind major areas of Web3 as part of a larger effort toward a general categorization system of Web3
• Here, we look at three interrelated concepts about digital identity: self-sovereign identities (SSIs), decentralized identifiers (DIDs) and verifiable credentials (VCs)
• We also discuss their relationships with organizations and governance in web3, connecting this piece to the one prior

The market capitalization of OHM, the native token of the decentralized finance (DeFi) project OlympusDAO, is down nearly 80 percent from its April 2021 all-time high.

The post OlympusDAO’s slide continues: OHM’s market cap is down nearly 80% from all-time high appeared first on The Block.

Polygon has successfully implemented the Ethereum EIP-1559 upgrade, and MATIC tokens have officially started burning. EIP-1559 replaces the first-price auction fee structure with a base fee that gets included in the next block. It also includes a priority fee to speed up processing. The base fee is burnt thereafter. 0.27% of all MATIC is estimated […]

The post Polygon Activates EIP-1559 Upgrade, MATIC Starts Burning appeared first on Coin Bureau.

The TVL of Ethereum Layer 2 projects increased 600% from Q3 to Q4 of 2021, surpassing a peak of $7.17 billion on Nov 25th, 2021.

The post Concepts, scaling solutions and representative projects of Layer 2 ecosystem appeared first on CryptoSlate.

The post Metaverse Avenue – World’s First NFT Based Advertising Metaverse appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Metaverse avenue – the world’s first NFT based advertising metaverse is all set to release its presale which is scheduled to go live on 26th January, 2022.Whitelisted participants can enjoy 50% discount. Unlike regular NFT collections, they sell advertising space in the NFT format. Metaverse avenue consists of interactive billboards located in the metaverse. A project that …

In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That […]

An Indonesian man has become an overnight star after his selfie non-fungible token (NFT) collection took off on Ethereum-powered NFT marketplace OpenSea.  According to a report by The Block, Ghozali Ghozalu, 22, launched a selfie NFT collection dubbed “Ghozali Everyday“. The collection consisted of selfies taken by Ghozalu every day from age 18 to 22, […]

There's a new multi-billion fund in the crypto market: FTX Ventures. The exchange operator has set aside $2 billion for the new fund

The post FTX launches $2 billion venture fund, hires Lightspeed exec to lead appeared first on The Block.