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A critical distinction between Taro and other stablecoins, like UST on Terra, is that Taro is only the infrastructure to enable the movement of assets over Lightning, be they stablecoins or some other asset. Taro is not a stablecoin, collateralized, algorithmic or otherwise, it is simply infrastructure to enable the
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COO Frank Mong said the firm wanted to make a clear distinction between the parent company and the network itself. Source
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Malkhi was an integral executive at the now-shuttered stablecoin project. Original Source
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The Council’s initial members are: Aquanow, Axiom Zen, Chainsafe Systems, NBA Top Shot maker Dapper Labs, Ether Capital, ETHGlobal, Figment, Cosmos developer Informal Systems, Ledn, Wealthsimple and WonderFi Technologies. Additional members are actively being sought, according to the statement. Source
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Mitch Liu, co-founder and CEO of Theta Labs — a decentralized video streaming platform powered
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekNFT creator Yuga Labs raises $450M, bringing
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Krafton, the company behind the development of the blockbuster videogame PUBG, has announced a partnership with Solana Labs with the objective of building its blockchain game offering. The new business plan of the company includes the creation of token economies to power play-to-earn (P2E) experiences to build its own Web3
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The U.S. Securities and Exchange Commision (SEC) has been granted an extension to submit a discovery schedule relating to individual defendants Brad Garlinghouse (CEO) and Chris Larsen (co-founder) as part of the case against Ripple Labs. The bitter legal dispute has been going since late December 2020, after the SEC
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“Krafton will continuously see ways to work closely with blockchain companies like Solana Labs as we work toward establishing our Web 3 ecosystem,” Hyungchul Park, lead of Krafton’s Web 3 division, said in a statement. “Solana represents the best of the Web 3.0 ecosystem and its technologies. Through this cooperation,
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The Bored Ape Yacht Club creator will use the funds to build out its NFT-based metaverse. Source
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