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Yuga Labs Co-Founder Spends $1.5 Million of His Own Money on Blue-Chip NFTs

NFT & GameFi

Yuga Labs Co-Founder Spends $1.5 Million of His Own Money on Blue-Chip NFTs

In a prolonged downturn in the NFT market, Wylie Aronow, co-founder of Yuga Labs, recently made a bold move by spending $1.5 million to purchase top-tier NFTs such as CryptoPunks, Meebits, Doodles, and Pudgy Penguins to boost trading volumes. Despite the gloomy market, some dedicated NFT enthusiasts continue to

By Web3 Station 09 Nov 2023
Ubisoft Partners with Immutable to Develop Blockchain Game

NFT & GameFi

Ubisoft Partners with Immutable to Develop Blockchain Game

Ubisoft, the game developer behind famous franchises like Assassin’s Creed, Far Cry, and Tom Clancy's, is advancing its blockchain gaming efforts through a partnership with Immutable—a company specializing in NFT technology, blockchain, and the Immutable X (IMX) protocol. The collaboration between Ubisoft and Immutable aims to

By Web3 Station 09 Nov 2023
LHV Bank Owner Faces Risk of Losing $472 Million in ETH

Big Cap

LHV Bank Owner Faces Risk of Losing $472 Million in ETH

In a national broadcast on Estonian television, Rain Lõhmus confirmed that he currently owns 250,000 Ethereum (ETH), valued at over $478 million USD, but has lost access to the private key. LHV Bank Owner Faces Risk of Losing $472 Million in ETH Rain Lõhmus, founder of LHV Bank from

By Web3 Station 08 Nov 2023
Bloomberg Expert Predicts Time Frame for SEC Approval of Bitcoin ETF in November

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Bloomberg Expert Predicts Time Frame for SEC Approval of Bitcoin ETF in November

Bloomberg ETF experts suggest that the SEC could approve a Bitcoin ETF within the time frame of November 9 to November 17. Bloomberg Expert Predicts Time Frame for SEC Approval of Bitcoin ETF in November. Photo: Bloomberg In their latest analysis published early on November 9, Bloomberg's ETF

By Web3 Station 08 Nov 2023
Bitcoin Transaction Fees Surge Nearly 1,000% Since August Due to Ordinals Comeback

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Bitcoin Transaction Fees Surge Nearly 1,000% Since August Due to Ordinals Comeback

The resurgence of Bitcoin Ordinals and BRC-20 has propelled transaction gas fees to skyrocket, directly benefiting cryptocurrency mining companies. Bitcoin Transaction Fees Surge Nearly 1,000% Since August Due to Ordinals Comeback Bitcoin transaction fees have reached their highest levels since the meme coin frenzy in May 2023, driven by

By Web3 Station 08 Nov 2023
Polygon Labs Launches $90 Million Fund to Develop Ecosystem

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Polygon Labs Launches $90 Million Fund to Develop Ecosystem

Polygon Labs, the developer behind the Polygon network (MATIC), has launched a revitalized initiative, Polygon Village 2.0, with a new funding program worth over 110 million MATIC - approximately $91.3 million at the time of writing - to support ecosystem development projects. In addition to the funding, Polygon

By Web3 Station 08 Nov 2023
Web3 Game Illuvium Set to Launch on Epic Games Store

NFT & GameFi

Web3 Game Illuvium Set to Launch on Epic Games Store

The upcoming release of Illuvium Beta 3: PVP on the leading game distribution platform Epic Games Store is expected to bring a positive signal to the GameFi market. On the evening of November 8, 2023, Illuvium (ILV), a 3D fantasy RPG built using Unreal Engine 5 and running on the

By Web3 Station 08 Nov 2023
Ordinals (ORDI) Price Surges Continuously Following Binance Listing

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Ordinals (ORDI) Price Surges Continuously Following Binance Listing

ORDI has surged nearly 90% in price following its listing on Binance. Image: CCN As reported by Coin68, Binance announced the listing of Ordinals project token under its Seed Tag category, with trading pairs ORDI/BTC, ORDI/USDT, ORDI/TRY launched on the afternoon of November 7. #Binance will list

By Web3 Station 07 Nov 2023
Modular Blockchain Solution Avail Deploys Testnet

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Modular Blockchain Solution Avail Deploys Testnet

Avail, a project spun off from Polygon in early 2023, has developed a modular blockchain model similar to Celestia (TIA). Modular Blockchain Solution Avail Deploys Testnet On the evening of November 7, the modular blockchain project Avail announced the launch of its testnet, featuring rewards for validators and early adopters

By Web3 Station 07 Nov 2023
Arbitrum Proposes Additional 21.4 Million ARB Rewards for STIP Incentive Program

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Arbitrum Proposes Additional 21.4 Million ARB Rewards for STIP Incentive Program

Arbitrum DAO is currently voting on a proposal to deploy an additional 21.4 million ARB tokens for the Short-Term Incentive Program (STIP). Arbitrum Proposes Additional 21.4 Million ARB Rewards for STIP Incentive Program If the Temperature Check phase passes, the proposal will be brought to an on-chain vote.

By Web3 Station 07 Nov 2023
Near Foundation Builds zkWASM with Polygon Labs, Implements Data Availability Solution

Big Cap

Near Foundation Builds zkWASM with Polygon Labs, Implements Data Availability Solution

During the ongoing Nearcon conference from November 7-10, 2023, in Lisbon, Portugal, Near Protocol development organization Near Foundation has unveiled the latest advancements with this blockchain. Firstly, Near Foundation has announced a collaboration with Polygon Labs to develop a new zkWASM mechanism. This partnership aims to bring Near Protocol closer

By Web3 Station 07 Nov 2023
BLUR Surge as Competitor OpenSea Faces Challenges

NFT & GameFi

BLUR Surge as Competitor OpenSea Faces Challenges

Blur’s token has surged by 33% since its NFT marketplace rival OpenSea announced major layoffs. The news of OpenSea’s cutbacks has provided a significant boost to its competitor Blur, as reflected in the token's price movements. Initially, BLUR skyrocketed by 80%, from $0.15 to $0.

By Web3 Station 07 Nov 2023
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