💥 Platform developer LGND.io is developing Web3 music platform LGND Music, in a multi-year partnership with blockchain network developer @0xPolygon and global entertainment company @warnermusic 💥
1/ The platform, set to debut in January 2023, will support "digital collectibles from any blockchain in a proprietary player", enabling users to play their digital collectibles on the go.
/2 Select Warner Music Group artists will be able to introduce digital collectibles on both the app and desktop platforms.
3/ The platform will offer lower gas costs and quicker transactions, built on Polygon. It will also be simple to use, even for users unfamiliar with cryptocurrencies or digital collectibles, the company claims.
4/ The launch of LGND Music represents the potential of the Web3 ecosystem to integrate with the music industry. Developing a Web3-based music platform has the potential to upend the entire music business and open new avenues for creators and artists to monetize their work.
🚀 The launch of @chainlink staking is a resounding success, with over 11 million $LINK staked so far! The long-awaited #Chainlink upgrade, introducing Staking v0.1 on the Ethereum mainnet, was completed a few hours ago.
A thread 🧵👇
1/ Chainlink staking is designed to make the ecosystem more stable. The native LINK token can be staked for rewards by users to encourage trustworthy behavior and increase network security.
2/ This functionality is fundamental to the operation of Chainlink Economics 2.0. The incentive system was designed to give nodes a reason to improve the oracle's data quality and performance over time.
Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.
@Panoptic_xyz, a Uniswap-based decentralized finance (#DeFi) protocol, has just raised $4.5 million in a funding round led by Gumi Cryptos Capital. Other investors included @cbventures, @UniswapLabsVC, the @BlizzardFund, and more.
Let's dive in 🧵
1/ #Panoptic aims to revolutionize the decentralized options trading market, just as @Uniswap offers decentralized cryptocurrency spot trading.
According to COO and co-founder Jesper Kristensen, the company obtained the funding through an equity plus token warrant arrangement.
2/ Kristensen also stated that they plan to use Uniswap's automated market maker (AMM) as the foundation for Panoptic's initial release.
🚨 @cryptocom has partnered with @CocaCola to launch a collection of non-fungible tokens (NFTs) called "Piece of Magic" NFTs. Approximately 10,000 NFTs will be hosted on @cryptocom's blockchain 🚨
1/ The NFTs are themed around the 2022 FIFA World Cup and were created using player heatmaps from the tournament. @CocaCola and digital artist @gmunk worked together to produce the NFTs.
2/ To be eligible to win one of the NFTs, potential buyers must register for an account on @cryptocom's NFT platform and sign up on the Coca-Cola fan zone website.
On December 30, @TokenUnlock's calendar shows that over $111.5m worth of #1INCH network tokens will become vested, representing nearly 15% of the total supply.
A thread 🧵
/1 In December 2020, 1INCH released 6% of its token supply into circulation. The total supply of 1INCH is capped at 1.5 billion, with tokens becoming available through vesting every six months from January 2020 to December 2024.
/2 As of December 30, the second and final vesting for the year 2022 will take place. CoinMarketCap and Coingecko estimate that there are currently about 668,975,312 1INCH tokens in circulation.