Social trading platform Enso Finance has announced a month-long “vampire attack” on six decentralized finance (DeFi) index projects in a bid to siphon their combined liquidity of nearly $1 billion.“Liquidity is the fuel that powers DeFi and it is the essence of Enso’s platform,” noted Enso co-founder Connor Howe. “We want to show the community just how innovative we are, and … [Read more...] about ‘Vampiric’ Enso Finance aims to leech $1 billion from competing DeFi platforms
Platforms
What Facebook’s rebranding tells us about Big Tech’s ‘Game of Platforms’
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.Sometimes a project’s name tells you all you need to know about it, no matter how niche. Take Kryptomon, for example, the NFT game that … [Read more...] about What Facebook’s rebranding tells us about Big Tech’s ‘Game of Platforms’
Thirst Traps Explode on NFT Platforms, With Predictably Controversial Results
“While, of course, my pictures were posted publicly on my Twitter, to have them taken from my page and then attempt to be sold with promises of ‘writing a person’s name on my boobs,’ etc., is a bit unsettling,” Ashtoshi said in an interview. “It’s unfortunate because I did ask to be verified on Rarible the same day I posted my art – but it never happened.” Source link … [Read more...] about Thirst Traps Explode on NFT Platforms, With Predictably Controversial Results
DAO Backed by Deadmau5 to Launch on Multiple Platforms
“I see the Web 3 ecosystem growing alongside streaming services, and eventually becoming more significant to the artists,” Deadmau5 told CoinDesk in a statement. “This new [MODA DAO] world is creating new ways for artists to take ownership of their music, but it will take a while to scare the Spotify and Apple Musics of the world.” Source link … [Read more...] about DAO Backed by Deadmau5 to Launch on Multiple Platforms
Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar
High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It's kind of absurd.” Fast forward to November 2021 and the simple act of approving a token so that it can be … [Read more...] about Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar