Daily Web3 Headlines You Need To Know

09 November #NFT #Developers #DeFi&Trading

🖼 NFT

Bored Apes founders propose new model for NFT creator royalties
The founder of Bored Ape Yacht Club (BAYC) has weighed in on the ongoing non-fungible token (NFT) creator royalties debate and shared a potential path forward that they believe best deals with the issue. A Nov. 8 blog post from BAYC co-founder Wylie Aronow — co-signed by co-founders Greg Solano and Kerem Atalay — shared that they regard creator royalties as “the single most important factor that brought them [creators and artists] into the ecosystem.”…(Read More)

What Happens to FTX’s Gaming and NFT Biz If Binance Deal Goes Through?
Amid today’s industry-shaking news that cryptocurrency exchange Binance has agreed to acquire FTX after the latter exchange encountered a liquidity crisis, questions are flying about what it will mean for FTX’s many broader Web3 initiatives — including around NFTs and gaming…(Read More)

🔗 Developers

This Web3 Infrastructure Platform Serves More Than 2 Trillion Transactions a Year
Chandler Song was a student at UC Berkeley when he was introduced to Bitcoin in 2014. Today, he is the co-founder and CEO of Ankr, a decentralized Web3 infrastructure platform, which services more than 50 proof-of-stake chains with a global node delivery system and RPC aggregator…(Read More)

Leading Global Gaming Company NCSOFT Partners With Mysten Labs
A web3 infrastructure company and developer of the Sui Layer 1 blockchain, today announced that it has entered into a strategic partnership with NCSOFT, a global premier game developer and publisher. Under the terms of the partnership, NCSOFT has invested $15 million in Mysten as part of the Company’s $300 million Series B funding round, which values Mysten at more than $2 billion…(Read More)

📈 DeFi / Trading

Binance to Acquire FTX’s Non-US Assets to Clear Out ‘Liquidity Crunches’
Cryptocurrency exchange, Binance has agreed to fully acquire Sam Bankman-Fried-owned cryptocurrency exchange, FTX, following the latter’s liquidity issues. Binance’s CEO Changpeng Zhao announced on Tuesday that the top cryptocurrency exchange has signed a non-binding letter of intent with the Bahamian cryptocurrency exchange. Zhao said the goal is to “help cover the liquidity crunch”. He added that the exchange will conduct a full due diligence “in the coming days.”…(Read More)

Binance CEO shares ‘two big lessons’ after FTX’s liquidity crunch
Binance CEO Changpeng “CZ” Zhao has shared his take on “two big lessons” to be learned from the FTX saga, saying cryptocurrency firms shouldn’t use their own tokens as collateral and should also keep “large reserves.” In a Nov. 8 tweet, Zhao laid out two learnings after the significant “liquidity crunch” at FTX which has ultimately resulted in a non-binding letter of intent from Binance to acquire the struggling exchange…(Read More)

Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO
During the company’s third-quarter earnings call on Nov. 8, Marathon Digital CEO Fred Thiel revealed the company now holds 11,300 Bitcoin — worth around $205 million — “making Marathon the second largest holder of Bitcoin among publicly traded companies worldwide, ” referring to unnamed third-party data…(Read More)

SBF tumbles off Bloomberg’s billionaire index after trouble at FTX
Crypto billionaire Sam Bankman-Fried may not be able to claim the “billionaire” accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index. Bankman-Fried was once a high rider in Bloomberg’s wealth index with an estimated net worth of $26 billion at his peak. However, the crypto entrepreneur is now no longer appears in the top 500…(Read More)

Japan’s largest mobile operator to establish Web3 consortium
NTT Docomo, Japan’s largest mobile operator with over $40 billion in annual revenue, partnered with multichain smart contract platform Astar Network to accelerate the Web3 implementation in the country. The joint effort will take the form of a consortium, which would give individuals and corporations the ability to utilize tokens for governance…(Read More)

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