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Vana has secured $200M in funding led by Paradigm, signalling investor confidence. The newly launched Reddit Data DAO empowers users with data control and rewards. Users vote on data usage, challenging traditional models of data ownership. Vana, a San Francisco-based startup, has introduced a groundbreaking initiative, the Reddit Data DAO, or r/datadao, empowering Reddit users to take charge of their personal data. The launched decentralized autonomous organization (DAO) revolutionizes data ownership on the popular social media platform, offering users rewards for contributing their Reddit data and a say in its utilization. Reddit Data DAO revolutionizes data ownership Vana’s Reddit Data DAO represents a paradigm shift in data ownership dynamics, offering users a direct stake in the control and utilization of their personal information. By integrating their Reddit accounts and data into the DAO, users not only earn rewards but also participate in co...

Fantom (FTM) has caught market-wide attention as its Sonic upgrade will soon go live. Analysts now debate the possible effects on FTM. NuggetRush’s (NUGX) presale performance has given investors a peek at its growth potential. Fantom’s Sonic upgrade will soon go live, bringing major changes designed to boost its network performance. NuggetRush (NUGX) has joined the list of top meme coins in the gaming industry after its stellar presale numbers. The project has also raised over $3.3 million in token sale revenue. Yet, can NUGX become one of the best DeFi projects? Keep reading. Fantom prepares for the official launch of its Sonic upgrade Investors are jubilant over Fantom’s recent price surge as it became one of the best-performing bullish altcoins. Data from CoinMarketCap show that Fantom’s market capitalization has surged by $1.9 billion since the first week of 2024.  Fantom (FTM) had also crossed the $1.00 range in late...

LayerZero announced its LayerZero V2 upgrade three days ago with enhanced cross-chain interoperability with Universal Messaging and Modular Security. Clusters introduces a multichain naming protocol for seamless blockchain address management. Delegate’s expertise in address management ensures security and reliability in the Clusters ecosystem. LayerZero Labs, in collaboration with Delegate, has announced the launch of Clusters, a groundbreaking multichain naming protocol designed to streamline user interaction across various blockchain networks. With this innovative solution, users can maintain a consistent identity and manage their blockchain addresses seamlessly, transcending the limitations of individual chains such as Ethereum, Polygon, Avalanche, and Solana among other EVM chains. Your universal name. For the multichain maxis. Feb 1, 10am ET pic.twitter.com/nCOiAqrjnU — Clusters (@clustersxyz) January 31, 2024 The Clusters Protocol...

1. Memecoins’ weekly summary a. Memecoins are Fueling Uniswap’s User Growth link On May 5, related to the recent activity of Memecoins, Uniswap active users hit a high since May 2021. Ultrasound money data shows that the use of Uniswap-related contracts has burned more than 15,000 ETH in the past 7 days. Since its birth in the past few weeks, PEPE has completed more than 410,000 transactions on Uniswap, burning a total of about 5,300 ETH (about 10 million US dollars) in Gas fees. b. Binance to list FLOKI and PEPE on innovation zone link On May 5, Binance announced that it will list FLOKI (FLOKI) and Pepe (PEPE) on the innovation zone at 00:00 on May 6, and open spot trading pairs of FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD. Binance Futures also will launch the USDⓈ-M 1000PEPE perpetual contract at 2023–05–05 16:30 (UTC), with up to 20X leverage. Binance: Pepe is a meme coin based on a cartoon character “Pepe the Frog”. Please note that the token has no utility and it is created...

The Spring Development Bank is Myanmar’s first financial institution to run entirely on crypto and blockchain. Myanmar’s first entirely crypto - based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity Government (NUG) against the ruling State Administration Council (SAC) — a military junta that seized control of the country in February 2021. The bank’s target demographic isn’t just the 55 million Burmese living in Myanmar, but also the two-million-strong “Burmese diaspora”, who live and work outside of Myanmar and frequently send money back to the country. Constructed on Polygon, the bank’s main goal is to make both domestic and international payments faster and more efficient, as well as offer international access to a broad array of...

Puma launches Black Station, a 3D metaverse experience allowing Puma Pass NFT holders access to exclusive products. In this week’s newsletter, read about footwear giant Puma’s new metaverse experience for Puma Pass nonfungible token (NFT) holders. Check out Meta CEO Mark Zuckerberg’s comments on the new Apple Vision Pro headset, and how NFT platform Enjin has launched a new blockchain. In other news, GameStop terminated the executive responsible for its NFT push, and don’t forget this week’s Nifty News, featuring Kraken’s NFT marketplace and Coinbase’s Stand With Crypto NFTs. Footwear conglomerate Puma launches 3D Web3 experience Footwear company Puma has launch ed a 3D metaverse experience called Black Station. According to its creators, it’s an experiment to provide Puma Pass NFT holders access to various product drops. Despite this, the company highlighted that the experience is open to everybody, but those with special tokens airdropped to Puma Pass holders will have perks like...