Turkey’s electronic vehicle (EV) manufacturer Togg has announced a strategic partnership with Ava Labs to design and build smart contract-based services aimed at improving autonomous mobility. Togg’s collaboration with Ava Labs, a team dedicated to supporting and developing the Avalanche public blockchain, was revealed at the CES 2022 event in Las Vegas. As Cointelegraph Turkey … [Read more...] about Ava Labs and EV maker Togg to build smart contract-based mobility services
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Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain
Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform's users are investing in large quantities into the protocol to receive staking … [Read more...] about Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain
BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Burning BNB, which involves sending tokens to an inaccessible wallet, effectively removes them from circulation forever. It was initially introduced as a mechanism to accrue value and grow Binance. But as the broader crypto market grew and Binance Smart Chain was launched, BNB found uses beyond simply being an exchange token. It is the third-largest coin by market value, … [Read more...] about BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Terra Becomes Second-Largest DeFi Protocol Surpassing Binance Smart Chain
Metaverse and gaming applications have made their mark on Terra as well. The recently launched StarTerra, which calls itself a gamified launchpad that supports NFT integration, locks up $21 million in value, while LoTerra, a decentralized lottery, holds over $311,000 in value. Source link … [Read more...] about Terra Becomes Second-Largest DeFi Protocol Surpassing Binance Smart Chain
Binance smart chain and Animoca brands set up a $200M program to sponsor GameFi projects
Global cryptocurrency exchange Binance has reportedly set up a $200 million fund that will directly invest the company’s stake in the emerging crypto gaming and metaverse sector of the digital space.As per the official blog post, Binance will be collaborating with Hong Kong-based Animoca brands through Binance smart chain $1B growth program.Binance and Animoca Brands to invest … [Read more...] about Binance smart chain and Animoca brands set up a $200M program to sponsor GameFi projects