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Cryptocurrency News Articles

Aptos Expands to the Middle East as Bullish Sentiment Rises

Dec 13, 2024 at 04:00 pm

Aptos (APT) is expanding its ecosystem to Abu Dhabi in a move that could establish Aptos as the go-to network for launching layer 2 chains in the region.

Aptos Expands to the Middle East as Bullish Sentiment Rises

Aptos (APT) is expanding its presence in the Middle East by setting up shop in Abu Dhabi. This move is part of a larger strategy to establish Aptos as the preferred network for launching layer 2 (L2) chains in the region.

The Aptos Foundation has identified the United Arab Emirates (UAE) as a global hub for blockchain development. As a result, it will be forging new partnerships in line with the region's high-growth environment.

Recently, Aptos has been making waves with its rapid expansion and new initiatives. These developments have contributed to an 8% uptick in APT over the past 30 days. As Aptos continues to attract L2 networks to its ecosystem, we can expect to see further bullish momentum building up around the altcoin.

Polygon (POL) is emerging as the epitome of layer 2 (L2) networks following Polygon Labs' tireless efforts to advance the project's development after its transition from MATIC to POL.

Currently trading at $0.6459, POL has seen a remarkable 64% uptick in the last 30 days. Moreover, Polygon's parent company is advancing the development of L2 blockchains with an ADGM collaboration to develop international disclosure standards. This partnership will also strengthen Polygon's footprint in Abu Dhabi and other parts of the world.

One of Ethereum's leading layer 2 projects is making waves in the online casino market with a 240% surge since the start of its presale. As altcoin season kicks in, keep an eye on this project.

The online gambling market is booming, with projected estimates valuing the market at more than $740 billion by 2028. Despite this growth, the sector is riddled with a lack of transparency.

Rollblock is bridging the gap between decentralized finance (DeFi) and online gambling by using its GambleFi protocol to onboard casino players into the growing world of cryptocurrencies. In a first-of-its-kind move, Rollblock is establishing a community-backed crypto casino on Ethereum's L2 network.

With Rollblock's crypto casino, all games are provably fair since transactions are registered on the blockchain. Casino players get to enjoy a unique revenue share model, where a portion of the casino's weekly profits are distributed via a token burn event.

Interested parties can participate in the presale and stand to gain from RBLK's potential price appreciation at launch. To learn more about Rollblock (RBLK), visit the presale website or follow them on social media.

*This article was paid for. Cryptonomist did not write the article or test the platform.

News source:en.cryptonomist.ch

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Other articles published on Dec 14, 2024