The Block
Quick Take Pirate Nation, a web3 game created by the developer Proof of Play, announced it is adding a second chain after the first apparently reached maximum capacity. Last year, Proof of Play, which was co-founded by FarmVille co-creator Amitt Mahajan, raised $33 million in a seed round which included the participation of investors like a16z crypto, Greenoaks and Naval Ravikant.
Quick Take Mezo, the yield-bearing Bitcoin Layer 2 being developed by venture studio Thesis, is launching a liquid-staked bitcoin token. The new cryptocurrency, dubbed stBTC, will enable users to earn returns while maintaining exposure to their bitcoin.
Quick Take A wallet connected to the Ethereum network’s Genesis block appears to have launched a memecoin, according to blockchain data sites DEX Screener and Etherscan. The token has already soared to a market capitalization of over $100 million since its launch around 8:15 a.m. ET.
Telegram-based game Hamster Kombat announced its token airdrop will occur next month on Sept. 26. The game’s team recently said in a whitepaper that 60% of its token airdrop will be dedicated to players.
Quick Take OpenSea CEO Devin Finzer said the NFT marketplace has received a Wells Notice from the SEC.
Quick Take WazirX has filed an application with the High Court of Singapore for a moratorium under section 64 of the Insolvency, Restructuring and Dissolution Act. If approved, the moratorium will provide “breathing space” for the crypto exchange’s holding company to restructure its liabilities in the latest step following a $230 million exploit.
Quick Take Lemniscap has raised $70 million for a new fund anchored by Accolade Partners. This is Lemniscap’s third and largest fund to date, founder and managing partner Roderik van der Graaf told The Block.
Quick Take BNB Chain has launched the BNB Chain Bridge in collaboration with Celer, deBridge and Stargate. The bridge aims to boost cross-chain interoperability, liquidity and user experience on BNB Chain.
Around two or three months before the last three U.S. presidential elections, bitcoin’s price has posted a significant drop.However, historical patterns also show that the digital asset consistently rallied in the months after the elections.
Quick Take Crypto airdrops have often handed out huge sums of money to past users but they have been criticized over various weaknesses. Ethereum co-founder Vitalik Buterin reckons crypto identity solutions could help fix these issues.
