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The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra's collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and technical assistance.After its spiral collapse, Terra co-founder Do Kown
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Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks.In a move that is expected to benefit both the Polygon
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Government-issued electronic currency seems to be an idea whose time has come. “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May — something that would have been unthinkable only a
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“We want the NFT to do more than just sit in your wallet, in a thoughtful way that makes it a utility and not a security,” Tara Fung, CEO of Co:Create, told CoinDesk in an interview. “I think we need more guidance from the SEC and other regulatory bodies. I'm
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The project’s floor price has dropped dramatically following the news. Original Source
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Use data to determine the health and potential of new gaming projects.While the popularity of GameFi continues to grow, there are still relatively few genuinely fun games among the 1,322 in total.In many cases, it’s not enough to assess the potential of a project just by looking at screenshots or
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Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for upcoming artists. While Web2 brought many positive changes, the industry still has a long way. Because of this, projects are trying to utilize blockchain technology to provide new solutions
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The effect of the metaverse may be clearly seen in the physical world, and it extends to all sectors. As a result of the rise, lives will transform and a truly digital era will take over. In a nutshell, the Metaverse’s possibilities are almost limitless. Cardalonia is one of the most
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It was recently announced that 15 leading GameFi projects on Binance Smart Chain (BSC) will host a coordinated airdrop with over $30,000 for participants. The participants include PlanetSandbox, Deathroad, MechMaster, AMAKUNI, MetaStrike, Rise of Defenders, Kingspeed, Ancient Kingdom, My Master War, Metaxiz, Heroes & Empires, Etermon, Hydraverse and Animverse. In total,
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India’s 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry. As predicted, within just a couple of weeks of the new crypto tax law coming into effect, trading volume across major
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