Meta applies for 8 digital assets and Web 3 trademark from the US patent office
As companies continue to adopt web3 technologies, Meta (formerly Facebook) has filed 8 digital assets and web3 trademark applications from the United States Patent and Trademark Office. The United States Patent and Trademark Office, or USPTO, has received eight trademark applications from Meta, previously Facebook, relating to blockchain technology and its projected metaverse. The following […]
Video game developer Krafton partners with Solana Labs
The partnership between Krafton and Solana Labs is aimed at developing games based on blockchain technology. On Wednesday, video game developer Krafton announced a collaboration with Solana Labs that might add non-fungible tokens (NFTs) to PlayerUnknown’s Battlegrounds (PUBG), a popular battle royale game. According to a news report, Krafton’s objectives for the Solana Labs alliance […]
Former Polychain partner Tekin Salimi launches $125M crypto venture fund
Tekin Salimi, a former general partner at Polychain Capital, has formed a new blockchain-focused investment fund that will be converted into a founder-owned decentralized autonomous organization (DAO). The fund will invest in blockchain projects, DeFi, gaming, and NFTs. The $125 million fund, dubbed “dao5”, will invest in pre-seed and seed-stage blockchain and cryptocurrency startups . […]
Terra (LUNA) Founder Prepares $10 Billion Bitcoin Reserve for the UST
Terra founder Do Kwon revealed plans to expand UST’s bitcoin holdings to $10 billion in a tweet on Tuesday. The Luna Foundation Guard has already raised $2.2 billion and plans to raise the $3 billion short-term target. With a long-term goal of $10 billion. Do Kwon feels that the sovereignty of the UST stablecoin is the […]
Cashio crashes to zero after multi million dollar hack
Attackers exploited an “unlimited mint bug” to rob Cashio, a Solana-based stablecoin project, off millions of dollars. After an “unlimited mint flaw” allowed attackers to manufacture tokens without providing collateral, the price of Cashio’s dollar-pegged stablecoin CASH dropped drastically from $1 to $0.00005. oxGhostChain, a Cashio developer, took to Twitter to offer a warning “”We […]