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"For the First Time, You Can Buy a Piece of the Art, and a Piece of the Gallery:" MetaKovan
Podcast

"For the First Time, You Can Buy a Piece of the Art, and a Piece of the Gallery:" MetaKovan

In this week’s podcast episode we interview MetaKovan, the pseudonymous investor who holds the largest known NFT collection in his Metapruse fund, which he leads with his (also pseudonymous partner) Twobadour. MetaKovan made waves in the surging NFT space after buying all 20 pieces of the Beeple collection at auction for $2.5M. In this interview, we dive into how exactly…
Yearn Loses $11M in 2021’s First DeFi Hack
DeFi

Yearn Loses $11M in 2021’s First DeFi Hack

Yearn Finance, the yield aggregation protocol founded by Andre Cronje, has been hacked. One of the platform’s so-called vaults lost $11M, and the attacker got away with $2.8M.   It’s the first DeFi hack of the year, after $100M worth of attacks in the sector last year, according to a report by Ciphertrace. About half of…
DeFIRE: How to Retire Using Only DeFi With Passive Income (Mirror Protocol, Anchor Protocol, Terra)
DeFi

DeFIRE: How to Retire Using Only DeFi With Passive Income (Mirror Protocol, Anchor Protocol, Terra)

It’s sometime in the near future. We’re on the moon, in a Lambo. Yes, we made it. But now what? Are we going to cash out into fiat or cling onto another bear market? Or maybe there’s another way, something more sensible…
Foundation Upgrades With Massive NFT Auction
NFTs & Web3

Foundation Upgrades With Massive NFT Auction

Foundation added 100 new NFTs to auction as its V2 upgrade went live yesterday afternoon. The launch featured 1/1 drops running as 24 hours auctions, most starting at 1 ETH reserves with first edition items like Robbie Tilton’s Fire Sword leading the way at 5 ETH at the time of writing. “Foundation is bringing digital…
Rarible Raises $1.75M to Become the “Uniswap for NFTs”
NFTs & Web3

Rarible Raises $1.75M to Become the “Uniswap for NFTs”

Rarible, the community-owned non-fungible-token (NFT) marketplace, announced a $1.75M seed round from investors including 1kx, ParaFi Capital, Coinbase Ventures, and Coinfund. Rarible token RARI jumped 60% to $8 on the news yesterday. Rarible intends to use the funds to develop a decentralized autonomous organization (DAO) structure which facilitates NFT trading. Central to the structure will…
DeFi Prices Ride the Elevator; Users Take the Stairs
DeFi

DeFi Prices Ride the Elevator; Users Take the Stairs

It’s buy everything season in DeFi land. But while everything blows up, actual users are climbing at a slower pace. Ethereum is at an all-time high of over $1,630, as is the DeFi Pulse Index, which tracks major DeFi token prices. Total value locked (TVL) in DeFi just climbed above $30B, also a record. DEX…
LINK Re-Enters Price Discovery Mode Above $25
DeFi

LINK Re-Enters Price Discovery Mode Above $25

The LINK marines are pushing all time highs again as whales hoard token supply and LINK balances on exchanges keep dwindling. Per data from Glassnode, the top 1% of LINK addresses have continued to accumulate the token all throughout 2020 and into 2021. At the time of publishing, the top 1% of addresses have acquired…
Battle of the DeFi Lending Giants: Aave Closing in on Compound
DeFi

Battle of the DeFi Lending Giants: Aave Closing in on Compound

Compound has reigned supreme as DeFi’s most popular lending protocol since its inception in 2018, but according to recent data trends, Aave has a fighting chance to take its crown.  Price-wise, AAVE has massively outperformed COMP since the beginning of 2021. COMP started the year around $145 while AAVE was around $88. As of Feb.…
Ren Project Joins Forces With Alameda Research
DeFi

Ren Project Joins Forces With Alameda Research

Ren Project, an open protocol that facilitates value transfer between blockchains, has joined forces with quantitative trading firm Alameda Research.  Ren Project said in a Medium post that it will be prioritizing support for the Solana blockchain as part of its new partnership with Alameda.  They plan to bridge assets between Solana and Ren’s multi-chain…
Mark Cuban is DeFi’s First Billionaire Advocate
DeFi

Mark Cuban is DeFi’s First Billionaire Advocate

Mark Cuban, the billionaire entrepreneur and investor who stars on Shark Tank and owns the Dallas Mavericks, thinks that blockchain is the future of mainstream finance. After vocally supporting Reddit’s WallStreetBets during their GME stock rally aimed against Wall Street hedge funds, Cuban made himself available to WSB community members for an AMA (Ask Me…