Ubisoft, the video game company behind major franchises like Assassin’s Creed and Far Cry,  has entered the NFT arena with its newest mobile game, One Shot League. This marks the first time that a major gaming studio has developed a video game revolving around NFTs.  One Shot League is a collaboration between Ubisoft and Sorare,…

Compound Finance has introduced a prototype blockchain which allows users to borrow on one chain against collateral on another chain. When the blockchain, called Gateway, is live, users will be able to, for example, deposit Polkadot’s native DOT token, and borrow Ether against that collateral, freely using that ETH in the Ethereum ecosystem. This contrasts…

Deposits in Yearn Finance’s DAI vault are rising after synthetic assets protocol Alchemix started using Yearn for its backend last week.  Alchemix deposits quintupled to almost $130M from less than $25M on Feb. 27, when the protocol launched. The surge pushed Yearn to raise its Dai vault limit to 300M from 100M. The move shows…

An unknown developer has deployed a smart contract called “Tinenanmen_Square”  (mis-spelling Tiananmen Square), a censored topic in China, on Binance Smart Chain (BSC), with the implied intention of testing just how decentralized the chain really is.  The smart contract is a game where users can mint TANK tokens starting at 1,000 TANKs, and going down…

As high-profile NFT sales gain unprecedented mainstream visibility, the crypto space seems to be primed for an influx of newcomers. Just two days into March, and it’s clear this is going to be another record-setting month with major NFT auctions already making waves.  Beeple The first is Beeple’s “Everydays: The First 5000 Days” NFT which…

3LAU smashed the single NFT auction record on Saturday night after selling $11.6M of NFTs by tokenizing his debut album Ultraviolet in partnership with Origin Protocol. The bespoke auction portal – nft.3lau.com – allowed the top 33 bidders to earn exclusive Ultraviolet album NFTs of varying rarities. These tiers ranged from “Platinum” for the top…

The SushiSwap community is now voting on a proposal to build SushiSwap on the Solana blockchain using the Solana-based Raydium DEX as a bridge. Raydium proposes “acting as a bridge and partner for SushiSwap’s expansion onto Solana,”  allowing SushiSwap to access additional liquidity from Serum and leverage the chain to increase transaction fees and lower…

Brave, the company behind the open source Brave web browser that allows users to tip publishers and content creators with its first-party Basic Attention Token (BAT), is setting their sights on a lofty new project: a Brave DEX aggregator. The Brave DEX aggregator is intended to have multi-chain support featuring many assets across different blockchains,…

1INCH is expanding into Binance Smart Chain (BSC), one of the first major Ethereum-based DeFi projects to make the jump.  “Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal,” the project tweeted today. BSC users will get access to all the same 1Inch functionalities that are already available on…

Having been some of the highest-performing assets in 2021, DeFi tokens experienced a sharp correction this week. The aggregate market crap in DeFi governance tokens managed to drop approximately 30% from $41 billion to $28 billion within three days.  As of February 25, 2021 using IntoTheBlock’s DeFi Insights Although the market has recovered significantly over…