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Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%

As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range…

Continue ReadingValue Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%

Animoca Brands, Yuga Labs Tease Bored Ape Secret Project ‘Powered by Apecoin’  

Since the token was launched roughly three days ago, the digital currency apecoin (APE) has been a topical conversation within the cryptocurrency community on forums and social media. So far,…

Continue ReadingAnimoca Brands, Yuga Labs Tease Bored Ape Secret Project ‘Powered by Apecoin’  

Universal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum

On Friday, Universal Music Group’s Web3 label dubbed 10:22PM revealed it purchased the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) #5537 for more than $360,000. 10:22PM says that BAYC…

Continue ReadingUniversal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum

Bored Ape Yacht Club’s Apecoin DAO Airdrops Millions of Apecoins to NFT Owners

During the last 24 hours, the cryptocurrency community has been discussing the launch of a new token called apecoin (APE), released by the newly-formed Apecoin DAO. At launch, the token…

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Instagram Is Working on Bringing NFTs to the Platform in the ‘Near Term,’ Says Meta CEO Mark Zuckerberg

In December 2021, the CEO of Instagram, Adam Mosseri, discussed how the firm was looking into non-fungible token (NFT) technology during an ask-me-anything (AMA) session. Three months later, at the…

Continue ReadingInstagram Is Working on Bringing NFTs to the Platform in the ‘Near Term,’ Says Meta CEO Mark Zuckerberg

British Investment Bank HSBC Joins Metaverse via Sandbox, Animoca Brands Partnership

The British multinational investment bank and financial services holding company, HSBC, has revealed it has partnered with the blockchain virtual gaming platform The Sandbox. According to the platform’s parent company,…

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