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Cryptocurrency News Articles
IOTA Expands Its Grants Program With New DeFi, SocialFi, and Tooling Grantees
Jul 01, 2024 at 02:27 pm
IOTA's Grants Program is now in its third phase. So far, it has already rolled out a total of $2.894 million in funding to 26 applicants.
The IOTA Foundation has announced the third phase of its Grants Program, which has already allocated a total of $2.894 million in funding to 26 promising applicants. Among the fastest-growing grantees is MagicSea, a trading platform powered by IOTA technology, which now boasts a total value locked (TVL) of approximately $2 million, according to Defi Llama.
This phase of the IOTA Grants Program has seen a diverse range of new recipients, particularly in the realm of decentralized finance (DeFi) platforms. These grantees span a wide spectrum, from lending and NFT (non-fungible token) marketplaces to SocialFi platforms and tooling.
ioLend is a platform that aims to optimize lending and liquidity by aggregating various yield opportunities across networks. The platform provides users with a comprehensive view of the available strategies to maximize their returns. It also boasts advanced risk management and yield-bearing collateral features.
Another grantee, Eco Forge Chronicles, is a trade-to-earn marketplace that seeks to enhance Web3 engagement through its Eco-Bound Tokens (EBTs) and redeemable NFTs. One unique aspect of this platform is its focus on sustainability, aiming to create a thriving ecosystem for Web3 projects without depleting resources. Eco Forge Chronicles also enables the redemption of NFTs for digital goods and provides a customizable marketplace template for projects and developers.
Peppy, a platform that currently offers perpetual trading of Bitcoin (BTC), Ethereum (ETH), and Shimmer (SMR) with up to 100x leverage directly from the user's wallet, is set to receive IOTA funding to bolster its SYMMIO-integrated frontend, a trustless clearing house for derivatives. Unlike the majority of SYMMIO frontends, which cater to professional traders, Peppy's "degen-themed" platform is designed to engage retail users within the iGaming and online gaming space.
Protico, a DePIN-based social and data network in the SocialFi space, is building the "universal 'community' layer on any website & app," according to its website. IOTA's grant will enable Protico to refine its "Web3 Lobby," a decentralized stage for connecting community spaces and Web3 identities. The platform also integrates solutions that adhere to General Data Protection Regulation (GDPR) standards to ensure the integrity of its infrastructure.
Finally, TokenLabs.Tools Audit is a no-code Web3 platform that empowers users to create and manage ERC-20 (Ethereum Request for Comment 20) tokens "without advanced technical knowledge," according to its tagline. The platform is currently constructing its website, but its X account has been active since April this year, with a majority of its posts centered on IOTA and updates on its project. Its system reportedly offers a "secure, transparent, and user-friendly ecosystem for creating, managing, and auditing tokens." Notably, IOTA also approved a grant to TokenLabs.Network, the developer behind TokenLabs.Tools Audit, during the initial phase of the Grants Program.
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- Dogecoin (DOGE) Rallies Sharply, Drawing Bullish Forecasts From Analysts
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- The world’s biggest memecoin by market capitalization Dogecoin DOGE/USD rallied sharply Thursday, drawing bullish forecasts from influential cryptocurrency analysts.
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- The Philippines Is Moving Toward Blockchain-Enabled Tech in Education
- Sep 27, 2024 at 02:25 pm
- The Philippine Science High School (PSHS), in collaboration with the Department of Science and Technology (DOST), has launched a cutting-edge project: “Portable Digital Credentials for the Philippine Science High School System Using Blockchain” (Digi Cert).
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- Hamster Kombat Airdrop: Binance Captures the Largest Token Inflow, Price Drops 29.50%
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- Bitcoin Bucks Seasonal Jinx With One of Its Biggest September Gains
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- The token is up over 10% this month, contrasting with an average 5.9% decline in September during the past decade, data compiled by Bloomberg show.
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- PT Pos Indonesia Officially Launches the First Prangko NFT in Indonesia
- Sep 27, 2024 at 02:25 pm
- Following the massive technological development, PT Pos Indonesia officially launched the first Prangko NFT (Non-Fungible Token) in Indonesia
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- NodeMonkes Emerges as the Top NFT Collection by Weekly Sales Volume, Guild of Guardians Follows Closely
- Sep 27, 2024 at 02:25 pm
- The latest data on top NFT collections by weekly sales volume reveals significant shifts in the market, with notable increases across various projects.
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- Rollblock (RBLK): The Crypto Rocket Set to Eclipse ATOM and LTC in 2024!
- Sep 27, 2024 at 02:25 pm
- Rollblock is looking set to do better than both Cosmos (ATOM) and Litecoin (LTC) in 2024, because of its new ideas and strong tokenomics.
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- Worldcoin [WLD] Bulls Attempt to Break $2 Resistance Amid Bearish Market Conditions
- Sep 27, 2024 at 02:25 pm
- Worldcoin [WLD] has broken free from nearly two months of bearish consolidation. It retested the key $2 rejection level with an impressive 11% surge
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- Raboo Dominates Crypto Market News With Its Innovative Post-to-Earn Platform and a 90% Presale Price Jump
- Sep 27, 2024 at 02:25 pm
- While Kaspa's tech and Pepe's steady rise are impressive, Raboo's ($RABT) AI-powered meme creation and community-driven approach are set to disrupt the game.