Avalanche Foundation Launches NFT Program
According to a blog post, The Avalanche Foundation has started a program to encourage non-fungible token (NFT) artists. According to Avalanche, the Avaissance endeavor will consist of two phases.About fifty digital artists will receive funding, mentoring, and virtual workshop sessions through the initiative’s first component, the Artist in Residence program (AIR). NFT collections from each […]
Aave suspends stablecoin trading on v3 Avalanche
In response to recent stablecoin price volatility, Aave has stopped trading stablecoins and set the loan-to-value (LTV) ratio to 0. The trading halt, according to Aave’s governance forum, follows a report from decentralized financial risk management firm Gauntlet Network that suggests all v2 and v3 markets should be momentarily halted. One forum user made the […]
TSM, Avalanche To Bring Web3 Features To Gamers
Avalanche revealed a collaboration with esports network Team SoloMid (TSM), the network has also partnered with the gaming app Blitz. The parent company of TSM, Blitz, and Swift wants to use Avalanche to transform the gaming business and improve the gaming experience for players. The latter just declared that Avalanche is now their sole blockchain […]
Platypus Finance Suffers $9M Hack On Avalanche
The DeFi application, Platypus Finance was the target of a $9 million attack according to the blockchain security firm CertiK. According to the report, a hacker took advantage of a feature in one of Platypus’ smart contracts by using flash loans on the Avalanche (AVAX) blockchain. Stablecoins worth $44 million were added to the application […]
AVAX Drops 11% After Speculations of Weaponized Litigation
The CEO of Ava Labs said that the claim was “conspiracy theory nonsense.” On Monday, the price of the AVAX token fell to its lowest level since July 13. This happened after a website that called itself a “whistleblower” said that Ava Labs, the company behind the Avalanche blockchain, paid lawyers to hurt competitors and […]