The funds are earmarked for DeFi, NFT, tokenization and metaverse projects that are building on the Oasis Network. Developer group Oasis Foundation has launched a $160 million ecosystem fund to bootstrap promising projects building on top of Oasis Network, a privacy-enabled blockchain with a focus on decentralized finance (DeFi) and the so-called data economy. The…
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Total value locked across all decentralized finance projects topped $247 billion on Monday. Near and other smart contract platforms are looking to capitalize. Smart contract ecosystem Near Protocol has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities, offering the latest evidence that the highly lucrative DeFi market is still…
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The white hat hacker speculated that the bug might have been created from “using someone else’s code and not having a 100% understanding of what it does.” White hat hacker Gerhard Wagner has earned $2 million after reporting a solution to a potentially costly “double-spend” bug on the Polygon network. In an Oct. 21 blog…
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The ecosystem is gaining momentum as demand for nonfungible tokens and blockchain-based social communities continue to grow. Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators. The grants program will be distributed through RLY tokens, the…
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Chinese blockchain project BSN comes to Turkey and Uzbekistan after launching the BSN Hong Kong and Macau portal. The Chinese government-backed blockchain project, the Blockchain-based Service Network (BSN), continues expanding its global presence by setting up two new portals in Turkey and Uzbekistan. Red Date Technology, the architect behind the BSN project, has signed an…
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Blockchain projects with a focus on DeFi, NFTs, gaming and others will be eligible to receive up to $100,000 in funding. Switzerland-based technology company Velas has allocated $100 million to startups building on top of the Velas blockchain, marking a sizable increase from its initial pledge of $5 million earlier this year. The grants program…
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Efforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption. Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency. Internet Computer will utilize its so-called chain…
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The search engine giant becomes the latest company to support blockchain development in the emerging areas of NFTs and gaming. Search engine giant Google is joining forces with Canadian blockchain studio Dapper Labs to help support the development of new Web 3 products and services, including the wildly popular nonfungible token, or NFT, marketplace. As…
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ONE price gained more than 100% after announcing plans to launch a $300 million ecosystem development fund. Protocol and community development initiatives have become the latest trend in the cryptocurrency market after a number of projects have launched multi-million dollar funds aimed at enticing builders and investors to make the cross-chain migration into the layer-2…
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The theme of the sixth annual Entrepreneurs Lab is “blockchain and positive entertainment.” Aleph.im, a blockchain-based storage and computing startup, has been selected to participate in the sixth season of Ubisoft’s Entrepreneurs Lab, offering further exposure to the emerging blockchain industry. The French video game developer has been running Entrepreneurs Lab for the past six…
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