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⛏ AXS Holders Have $2.5B Staked in Axie Infinity in Two Weeks
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NEWS Axie Infinity has just under $2.5B of its governance token, staked on its Ronin sidechain. That’s more than a quarter of AXS’s total circulating supply.
SO WHAT If Axie’s total value locked were tracked by DefiLlama, it would be the 21st largest protocol on there, as of Thursday afternoon Eastern Time, right behind the lending protocol Liquity and just ahead of the Huobi’s wrapped bitcoin asset, hBTC.
DASHBOARD Holders are earning annual returns of over 130% for staking AXS tokens, according to Axie Infinity’s staking dashboard. Staking rewards come from a portion of the initial supply of AXS that was set aside for this purpose.
OWNERSHIP “This is an important step towards our long term goal of genuine co-ownership of Axie Infinity with community members that contribute meaningfully to our rapidly growing movement,” the Axie team wrote in their newsletter when staking went live on Sept. 30.
NEWS Infinity, a new NFT marketplace is taking aim at OpenSea with 600M tokens ready to give away. People who have made transactions on the biggest marketplace for digital collectibles will get free tokens, but only if they use the new competitor — and soon.
NFT COMMUNITY Infinity called itself the “FTX for NFTs” when it announced its launch on Medium, writing, “Infinity is a community driven, decentralized NFT marketplace built for the future of discovering, developing, and owning NFTs. As an alternative to OpenSea, it aims to better represent, as well as incorporate the needs and wants of the NFT community.”
VOLUME According to a chart the team shared on Dune Analytics, people have been using Infinity, but volume has been dropping each day in its first few days. It saw $1.26M in volume on its first day, Oct. 8, but only $308,914 on October 12, for a total volume so far of $3.8M.
TLDR Maybe it’s time to retire the tulip bubble analogies. Anyone out there who still dismisses NFTs as nothing more than a digital fetish might want to check out the announcement from Sotheby’s today.
LAUNCH It’s launching a dedicated marketplace for non-fungible, tokenized art called Sotheby’s Metaverse, a nod to the virtual world where NFTs are becoming an economic force. Yet there’s nothing virtual about the venerable auction house’s embrace of the hottest application in DeFi.
DISCORD Sotheby’s is all in — it will accept bids for auctioned works in ETH, BTC, or USDC, according to a statement it released this afternoon. The firm has formed its own Discord for artists, collectors, and community members to commiserate, a prerequisite for playing in the NFT space. Bidders will receive an avatar created by Pak, the popular crypto designer and artist. And Sotheby’s Metaverse plans to roll out capabilities to mint generative works just like Art Blocks.
Have you ever found yourself with at least five browser tabs open researching a new token someone shilled you on Twitter? Of course, people can use tools like Bloomberg Terminal to see a 360-degree view of assets and markets in the traditional financial world. But, unfortunately, in the crypto world, you still have to jump between CoinGecko, Etherescan, charting tools, and aggregators to see what’s going on with markets right now and execute your trade.
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Transparency is an essential cornerstone in the movement toward Web3. At any given moment, we can tell what’s going on with on-chain assets.
Unfortunately, this data is nearly incomprehensible and indigestible because of its sheer magnitude. It’s hard to pull data without building custom tools and jumping between dozens of open browser tabs, and nearly impossible to make sense of this data without a CS degree.
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The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter.
OurNetwork contributors and the Dune team are partnering up to bring to fruition Web3's first learn-to-earn data program. We'll spend 30 days teaching a cohort of 30 students how to analyze data in Web3 and communicate their work publicly.
The crypto era began 13 years ago with the publication of Satoshi Nakamoto’s seminal paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.”
As Washington scrambles to form a regulatory strategy for crypto, Uniswap Labs – the developers behind Uniswap, the largest exchange in decentralized finance (DeFi) – has hired a new communications chief who may have some experience in navigating choppy political waters.
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DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives Things aren’t getting easier for those struggling to stay current with the lightning quick DeFi space. Just when you think you’re up to speed with the latest token or protocol along comes something new. Brace yourselves because here comes DeFi 2.0. What that term actually means is still in flux.
Investors to Reap $2M in Rewards as Curve Launches on Harmony Blockchain Curve, the decentralized exchange known for specializing in tokens that should have roughly the same price, has launched on the sharding blockchain Harmony. There are rewards available for those who help it find a footing.
Infinity is Going After OpenSea With 600M Free Tokens Infinity, a new NFT marketplace is taking aim at OpenSea with 600M tokens ready to give away.
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