Near Protocol's NEAR token reached an all-time high Wednesday on signs the up-and-coming blockchain might be undervalued as it attracts more activity. The token has risen in the current bear market for cryptocurrencies like bitcoin, bucking the trend to increase in price over 18% in the last seven days and doubling over the past month. As of press time the NEAR price was … [Read more...] about NEAR Hits All-Time High as Upstart Blockchains Win With 'FOAN Trade'
At its peak in November, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain, the report found. And while that figure has since retreated, the sidechain is still processing more than up-and-coming networks such as Avalanche and Fantom. Source link … [Read more...] about Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
While all categories of blockchain have been blazing hot in 2021, gaming took the top spot with nearly 13% of all investments.Footprint Analytics: Number of Investment by CategoryWith the seasons seemingly moving from DeFi to NFT and now to GameFi, the second half of the year was overtaken by huge gaming announcements and figures. For example, on August 6th, Axie Infinity … [Read more...] about Will GameFi be a new battlefield for blockchains?
Argo Blockchain’s bitcoin mining revenue increased about 15% to £8.29 million ($11 million) in November from October as it increased mining capacity.The London-based company mined 185 bitcoin “or bitcoin equivalent,” up from 167 in October.Its total production for 2021 is 1,831, the company announced Tuesday.Mining profit also rose about 15%, hitting £7.13 million ($9.63 … [Read more...] about Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
Cross-chain asset transfer has been around for several years. The concept developed almost as soon as multiple blockchains were developed and began to gain adoption. In its initial application, the transfers focused on swaps between the chain’s native assets and tokens, which led later to several decentralized exchanges. While exchange of assets has its utility, pure transfer … [Read more...] about Blockchains need to move toward standards for interoperable asset transfers