PoS Round-Up is our focused biweekly report on the major news in and around the Proof of Stake ecosystem.
The Ethereum Altair upgrade went live on Oct. 27, 2021. Altair is the first update to the Beacon Chain and brings Ethereum one step closer towards the Proof of Stake consensus mechanism. As of Oct. 28, 98.7% of nodes were upgraded, marking a successful start to the move.
Cream Finance, an Ethereum-based lending and borrowing protocol, suffered yet another exploit, this time allowing hackers to steal $130 million from its holdings.
The Sandbox, a gaming platform that allows users to build a virtual world using NFTs, raised $93 million in a recent round of investment led by SoftBank, an investment management firm. The funds will support the platform’s growth, as it expands from gaming into fashion, architecture and virtual concerts.
Cardano Founder, Charles Hoskinson, signs a memorandum of understanding (MOU) with the government of the Republic of Burundi to bring digitization to the state.
Input Output Global (IOG), the blockchain company that supports the development of Cardano, is partnering with the eGovernment Agency of Zanzibar (eGAZ) to create long-term blockchain solutions, in an effort to make Zanzibar Africa’s blockchain hub.
Ardana, a Cardano-based DEX that offers an on-chain asset-backed stablecoin and a decentralized stable-asset, raised $10 million in a latest funding round led by Three Arrows Capital. Ardana plans to become one of the premier DeFi gateways on the Cardano blockchain.
Sushiswap will leverage Moonbeam’s Ethereum compatibility features to access the Polkadot ecosystem. Moonriver, which launched as a parachain in Kusama last August, has already deployed the Sushi token on its network and will be used in an upcoming liquidity mining program.
Moonbeam announced the integration with Etherscan, a block explorer and analytics platform for Ethereum Virtual Mahine (EVM)-compatible chains. This version of Etherescan, called Moonscan, will also provide insights into Moonriver, Moonbeam’s companion network on Kusama.
Zenlink, an underlying cross-chain decentralized exchange (DEX) protocol, announced a collaboration with Moonbeam network for DEX aggregation on Kusama and Polkadot. Zenlink has already launched on Moonriver and will be deployed to Moonbeam in the future.
Blocsport.one, a smart sports contract and blockchain solutions platform, plans to launch sports focused NFTs on Moonriver.
Entropyfi, a crowd wisdom machine built on lossless prediction DeFi markets, launched its public Mainnet on Polygon. Entropyfi offers crypto asset price prediction games and differentiates itself with the lossless function. Lossless means it removes the financial disincentive that penalizes users who make wrong predictions.
Tidal Finance, a DeFi insurance platform and marketplace, collaborates with Polygon to become the first protocol insurance provider for projects on the network. The collaboration will create an incentive program to attract more coverage providers and safeguard the insurance policy.
From Nov. 11 to Dec. 8, 2021, Cosmos will host HackAtom VI, where developers compete to create the best applications on the Cosmos ecosystem, in a variety of categories, for a share of $1 million in prizes paid in ATOM. The event will be both virtual and in-person, including an opening ceremony in Lisbon, Portugal on Nov. 11. Click here to register.
NEARCON, an in-person event showcasing the NEAR Protocol ecosystem, took place in Lisbon, Portugal, Oct. 26–27, 2021. Click here to learn about the event’s highlights.
Nifty Comedians, a comedy-based NFT marketplace, announced the launch of its new NFT platform on NEAR protocol. The platform allows comedians to showcase their work and garner support for their talent and its user base will be able to leverage NEAR’s high throughput, scalability, and security.
Decentralised Information Asset (DIA) oracle infrastructure is now available in the NEAR Protocol ecosystem, allowing developers to build new decentralised applications (Dapps) on its network.
Keyko, a Web3 services organization, has partnered with NEAR protocol to create Chikai, a joint venture that will help solve key challenges in Web3. The partnership is intended to help scale the NEAR blockchain by allowing developers to leverage the platform’s fast transaction speeds and low costs.
Faze, a startup that creates digital collectibles, raised $17 million in a seed round led by Tiger Global and announced its partnership with the International Cricket Council (ICC) to launch a cricket themed NFT marketplace on the Flow blockchain. Faze CEO, Anshum Bhambri, said in a press release he hopes to use the partnership “to build the metaverse for cricket.”
The Band Protocol development team submitted proposal BCIP-5, which would enable BAND holders to transfer their tokens to partner chains with IBC-capability and perform activity on those chains with their tokens. Voting ends Nov. 11, 2021.
The IRIS Hub 1.2 mainnet upgrade proposal has been submitted. The upgrade would allow the network to leverage the new Terse IBC (TIBC) protocol features and become an NFT Hub that serves as the bridge between the world of public blockchains and that of consortium blockchains. Voting ends Nov. 13, 2021.
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