Daily Web3 Headlines You Need To Know

21 October #NFT #Developers #Metaverse #GameFi #DeFi&Trading #Policy&Law

🖼 NFT

Aptos NFTs Are Coming — And May Put Network Scalability Claims to the Test
The newest crypto on the block, Aptos, launched its mainnet this week to considerable buzz around its token airdrop to early users, but also questions about whether the network — which has raised $350 million in VC funding — can live up to the hype about its tech. The blockchain’s first real test may come soon, however, as a rush of NFT projects prepare to launch on the network…(Read More)

Rarible NFT marketplace adds Web3 aggregation with new version
Rarible, an Ethereum-based nonfungible token (NFT) marketplace, announced its platform upgrade to Rarible 2 on Oct. 20. The NFT marketplace says it is introducing new aggregation tools to showcase NFTs from across the Web3 space. This means users can browse and purchase Ethereum-based digital assets from Rarible, OpenSea, LooksRare, X2Y2 and Sudoswap…(Read More)

Warner Bros.’ Lord of the Rings NFT ‘experience’ is just The Fellowship in 4K
For reasons that only Warner Bros. Discovery can truly know, the multimedia entertainment giant has partnered with Web3 firm Eluvio to release The Lord of the Rings: The Fellowship of the Ring in its entirety as a set of NFTs meant to kick off the “WB Movieverse,” an endeavor that makes less sense the more you hear about it…(Read More)

🔗 Developers

Web3 Dev Company, Cryptolic, Disrupts DeFi with their new Token
With over 10,000 coins and tokens in the crypto space as of 2022, the market is continuously bombarded with new entrants. Out of these thousands of crypto projects, only a tiny fraction are backed by real utility, giving them the potential to make it big. Cryptolic (CPTLC) is among the handful of organizations with an explosive growth potential due to its external revenue support. The token has already seen phenomenal success setting to rival that of Shiba Inu, Safemoon, BabyDoge, EverGrow, Solana and Polygon…(Read More)

Solana’s web3 phone is an ‘opportunity’ against Google and Apple, co-founder says
It’s been almost four months since the layer-1 blockchain Solana announced its web3-focused smartphone Saga and as the phone is approaching its official release date, the plan has shifted…This is a tool to attract developers, Yakovenko added. “This is a developer play.”…(Read More)

🌖 Metaverse

Metaverse trading volume plummeted 80% but hype hasn’t decreased
Third-quarter trading volume for the top 10 metaverse projects may have fallen 80% compared to the second quarter, but analytics firm DappRadar suggests that interest in virtual worlds still remains. The metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, such as Decentraland and Meta — reports which they have refuted…(Read More)

👾 Game-Fi

The AAA GameFi MMORPG Bless Global’s Pre-Registrations Surpassed 1 Million, and a New Era of GameFi 3.0 will Soon Arrive
The latest news has shown that Tigon Mobile, a subsidiary of South Korean listed company Longtu Korea, revealed on Oct 18 that pre-registrations for its AAA GameFi MMORPG Bless Global had surpassed 1 million people. A good reputation and high expectations from users together contributed to its exponential growth, which has drawn massive attention and heated discussion among various communities…(Read More)

📈 DeFi / Trading

Binance Gains Crypto License in Cyprus
Crypto exchange Binance has further strengthened its regulatory position with a new license from Cyprus Securities and Exchange Commission (CySEC). The Class 3 registration as a Crypto Asset Services Provider (CASP) was granted to the locally formed Binance Cyprus Limited on October 20…(Read More)

Neobank N26 Launches Crypto Trading Product
N26, the German neobank headquartered in Berlin, announced on Thursday the launch of a new cryptocurrency trading product dubbed N26 Crypto. Austrian customers will be the first to test new functionalities via the N26 App, while other markets will be gradually added in the upcoming months. N26 Crypto offers access to almost 200 cryptocurrencies, including the biggest names in the crypto industry. Company officials have confirmed that the newest release addresses strong local demand; 40%…(Read More)

How long will the bear market last? Signs to watch for a crypto market reversal
During this period, many regulatory authorities threatened to introduce stringent laws governing cryptocurrencies. This created fear and uncertainty in the market. For example, the United States Securities and Exchange Commission (SEC) issued a lawsuit against Ripple. In addition, China banned Bitcoin mining, resulting in most of its BTC miners having to relocate to other countries…(Read More)

⚖️ Policy & Law

FTX US Deal with Voyager Offers 72% Funds Recovery
According to court documents from this week, clients of the bankrupt crypto lender, Voyager Digital might have a chance to recover some of their funds. Under a preliminary deal with FTX US, a cryptocurrency exchange regulated in the United States, customers may be able to obtain over 70% of their accounts’ initial value…(Read More)

Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
Remittance payments, fiat fears and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest crypto market in the world saw the value of cryptocurrencies received by individuals rocket 40% between July 2021 to June 2022, reaching $562 billion, according to an Oct. 20 report from Chainalysis…(Read More)

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