🪙 Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain
Wormhole, the crypto bridge platform, won a community vote on Tuesday to become the official governance bridge for Uniswap – the largest decentralized exchange platform by trading volume – when its version 3 platform arrives on Binance’s BNB Chain. The win grants Wormhole valuable new turf in an ongoing battle between bridge platforms – vital pieces of crypto infrastructure that allow users to pass assets and other data between blockchains. The Wormhole bridge will eventually be used to give Uniswap v3 users on BNB Chain the ability to participate in the Uniswap DAO’s Ethereum-based governance process. The Uniswap DAO, which allows holders of Uniswap’s UNI token to vote on major strategy decisions, voted 62% in favor of Wormhole. LayerZero, a leading Wormhole competitor, came in second with 37%.
Wormhole, the crypto bridge platform, won a community vote on Tuesday to become the official governance bridge for Uniswap – the largest decentralized exchange platform by trading volume – when its version 3 platform arrives on Binance’s BNB Chain. The win grants Wormhole valuable new turf in an ongoing battle between bridge platforms – vital pieces of crypto infrastructure that allow users to pass assets and other data between blockchains. The Wormhole bridge will eventually be used to give Uniswap v3 users on BNB Chain the ability to participate in the Uniswap DAO’s Ethereum-based governance process. The Uniswap DAO, which allows holders of Uniswap’s UNI token to vote on major strategy decisions, voted 62% in favor of Wormhole. LayerZero, a leading Wormhole competitor, came in second with 37%.
⚡️ Meta is shutting down the Metaverse platform it recently bought
Meta is shutting down Crayta on March 3, 2023, after purchasing the DIY gaming platform less than two years ago, and user content will not be archived. Unit 2 Games recently broke the bad news to the Crayta community that the game-building platform will be shutting down next month. With so much time and effort invested, players expressed sadness in response to the Twitter announcement. If you’ve invested time in the platform, you need to make screen recordings of your favorite games and worlds to preserve those memories and share them with others. It’s sad to see creative effort wasted and that is always a risk with world-building games. Meta purchased Unit 2 in 2021 and game development never stopped.
Meta is shutting down Crayta on March 3, 2023, after purchasing the DIY gaming platform less than two years ago, and user content will not be archived. Unit 2 Games recently broke the bad news to the Crayta community that the game-building platform will be shutting down next month. With so much time and effort invested, players expressed sadness in response to the Twitter announcement. If you’ve invested time in the platform, you need to make screen recordings of your favorite games and worlds to preserve those memories and share them with others. It’s sad to see creative effort wasted and that is always a risk with world-building games. Meta purchased Unit 2 in 2021 and game development never stopped.
📣 a16z “Dominates” The Vote To Install Uniswap On BNB Chain With 15 Million UNIs
A Uniswap community poll to validate and select a cross-chain solution for this exchange on BNB Chain initially favored Wormhole. However, the final outcome will be quite uncertain and stated that a16z uses 15 million UNIs to “dominate” the vote. Because a16z was unable to gather enough votes to support LayerZero at the Temperature Check stage, he made a fresh move in the official Uniswap voting. According to statistics from the on-chain voting platform Tally, a16z voted “opposed” to the request to implement Uniswap V3 on BNB Chain. This quantity of votes accounts for 15 million UNI tokens (the most votes currently cast), and the balance swiftly becomes skewed. Invest in the project in line with the decentralized governance criteria of Uniswap.
A Uniswap community poll to validate and select a cross-chain solution for this exchange on BNB Chain initially favored Wormhole. However, the final outcome will be quite uncertain and stated that a16z uses 15 million UNIs to “dominate” the vote. Because a16z was unable to gather enough votes to support LayerZero at the Temperature Check stage, he made a fresh move in the official Uniswap voting. According to statistics from the on-chain voting platform Tally, a16z voted “opposed” to the request to implement Uniswap V3 on BNB Chain. This quantity of votes accounts for 15 million UNI tokens (the most votes currently cast), and the balance swiftly becomes skewed. Invest in the project in line with the decentralized governance criteria of Uniswap.
Logan Paul Faces ‘Rug Pull’ Class-Action Lawsuit Over CryptoZoo NFTs
Famed internet personality Logan Paul and NFT project CryptoZoo have been accused of engaging in a “rug pull” in a new class-action lawsuit. Announced in September 2021, CryptoZoo was marketed as an NFT-based game and billed as “an autonomous ecosystem”.
A filing made in the District Court of the Western District of Texas alleged that the defendants “executed a ‘rug pull’,” promoting CryptoZoo’s products using Paul’s online following “to consumers unfamiliar with digital currency products, leading to tens of thousands of people” purchasing these. NFT line, promising certain benefits to consumers, but then the developers abandon the project and fail to deliver the promised benefits, while fraudulently retaining the buyers’ funds.
Famed internet personality Logan Paul and NFT project CryptoZoo have been accused of engaging in a “rug pull” in a new class-action lawsuit. Announced in September 2021, CryptoZoo was marketed as an NFT-based game and billed as “an autonomous ecosystem”.
A filing made in the District Court of the Western District of Texas alleged that the defendants “executed a ‘rug pull’,” promoting CryptoZoo’s products using Paul’s online following “to consumers unfamiliar with digital currency products, leading to tens of thousands of people” purchasing these. NFT line, promising certain benefits to consumers, but then the developers abandon the project and fail to deliver the promised benefits, while fraudulently retaining the buyers’ funds.
🪙 Li.Fi calls on Uniswap not to deploy on BNB Chain with only one bridge
Li.Fi has urged the Uniswap community not to go forward with the current vote to finalize the deployment of Uniswap v3 on the BNB Chain with Wormhole as the only bridge provider, the project stated via a governance post filed on Feb. 6. The team argued in favor of a bridge-agnostic deployment. Li.Fi urged Uniswap to prioritize the creation of a framework for assessing cross-chain bridges. This framework would see future Uniswap deployments on other chains happen with several bridge providers in the mix. AMB stands for arbitrary messaging bridges. These are a subset of crypto bridges that allow the transfer of data between EVM-compatible networks. Cross-chain bridges in general enable users to transfer crypto tokens across different networks.
Li.Fi has urged the Uniswap community not to go forward with the current vote to finalize the deployment of Uniswap v3 on the BNB Chain with Wormhole as the only bridge provider, the project stated via a governance post filed on Feb. 6. The team argued in favor of a bridge-agnostic deployment. Li.Fi urged Uniswap to prioritize the creation of a framework for assessing cross-chain bridges. This framework would see future Uniswap deployments on other chains happen with several bridge providers in the mix. AMB stands for arbitrary messaging bridges. These are a subset of crypto bridges that allow the transfer of data between EVM-compatible networks. Cross-chain bridges in general enable users to transfer crypto tokens across different networks.
🪙 Uniswap founder denies swindling Balance.io co-founder
Uniswap founder Hayden Adams said he was “sad and disappointed” with recent comments by Balance co-founder Ric Burton. Burton said he was owed money from supporting Adams get Uniswap off the ground. However, Adams fired back, saying that two deals were turned down. On Feb. 2, Burton posted a tweet thread detailing his account of developing the Ethereum (ETH) ecosystem during its infancy and the friendship the pair had struck up. The thread mentioned supporting Adams in getting Uniswap off the ground. This involved giving unrestricted studio access, mentorship, and money. Burton said that Adams had verbally agreed to repay him from Uniswap’s investment funding. Burton was going through a rough patch, leading to him being asked to leave Balance. He said this was also when his relationship with Adams became distant.
Uniswap founder Hayden Adams said he was “sad and disappointed” with recent comments by Balance co-founder Ric Burton. Burton said he was owed money from supporting Adams get Uniswap off the ground. However, Adams fired back, saying that two deals were turned down. On Feb. 2, Burton posted a tweet thread detailing his account of developing the Ethereum (ETH) ecosystem during its infancy and the friendship the pair had struck up. The thread mentioned supporting Adams in getting Uniswap off the ground. This involved giving unrestricted studio access, mentorship, and money. Burton said that Adams had verbally agreed to repay him from Uniswap’s investment funding. Burton was going through a rough patch, leading to him being asked to leave Balance. He said this was also when his relationship with Adams became distant.
Last year's Super Bowl was so overrun with crypto ads that it became known as the "Crypto Bowl."
After the spectacular collapses of FTX and others, there will be "no representation" of crypto this year.
According to Mark Evans, executive vice president of ad sales for Fox Sports, crypto companies had commercials "booked and done" and two others were "on the 1-yard line," before falling apart.
After the spectacular collapses of FTX and others, there will be "no representation" of crypto this year.
According to Mark Evans, executive vice president of ad sales for Fox Sports, crypto companies had commercials "booked and done" and two others were "on the 1-yard line," before falling apart.
🆘 Hackers Steal $166,000 from Decentralized Exchange CoW Swap
Decentralized cryptocurrency exchange Cow Swap has just announced that $166,000 in crypto have been unauthorizedly withdrawn from the platform as a result of an exploit. According to the developers of the project, the target of the attack was a settlement contract. These have assured that users' funds are safe. Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world PeckShield has reported that the stolen amount amounts up to $180,000: $123,000 in DAI, $50,000 in BNB and $7,400 in ETH, which have been divided between two wallets. An attacker modified ten days ago the GPvå2Settlement smart contract to obtain SwapGuard's permission to spend DAI.
Decentralized cryptocurrency exchange Cow Swap has just announced that $166,000 in crypto have been unauthorizedly withdrawn from the platform as a result of an exploit. According to the developers of the project, the target of the attack was a settlement contract. These have assured that users' funds are safe. Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world PeckShield has reported that the stolen amount amounts up to $180,000: $123,000 in DAI, $50,000 in BNB and $7,400 in ETH, which have been divided between two wallets. An attacker modified ten days ago the GPvå2Settlement smart contract to obtain SwapGuard's permission to spend DAI.
Google has showed off the latest version of Google Maps – featuring immersive view that combines billions of street view and aerial images, allowing users to scope out neighborhoods in great detail.
⚡️ Decentralized Exchange Dexalot Starts a Hybrid DeFi Subnet
Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer 1 protocol Avalanche as a subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX. Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release. The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” the company said. This may reduce slippage in trade execution and will allow traders to have confidence without giving up custody of their assets, the company added. Slippage in this context refers to the difference between a trade’s expected price and the price at which the trade is executed. Slippage tends to happen when markets are volatile.
Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer 1 protocol Avalanche as a subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX. Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release. The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” the company said. This may reduce slippage in trade execution and will allow traders to have confidence without giving up custody of their assets, the company added. Slippage in this context refers to the difference between a trade’s expected price and the price at which the trade is executed. Slippage tends to happen when markets are volatile.
🪙 Uniswap DAO completes vote for proposed BNB deployment
Uniswap DAO has concluded the final vote that will be used to execute the proposed deployment of Uniswap v3 on the BNB Chain. The vote ended on Friday with 66% of DAO delegates in favor of the move, according to Tally voting page. Delegates with major voting power including Ethereum software company ConsenSys and Compound Finance founder Robert Leshner voted in favor of the proposal. Meanwhile, venture capital giant Andreessen Horowitz voted against the proposal, deploying 15 million votes in the process.
Uniswap DAO has concluded the final vote that will be used to execute the proposed deployment of Uniswap v3 on the BNB Chain. The vote ended on Friday with 66% of DAO delegates in favor of the move, according to Tally voting page. Delegates with major voting power including Ethereum software company ConsenSys and Compound Finance founder Robert Leshner voted in favor of the proposal. Meanwhile, venture capital giant Andreessen Horowitz voted against the proposal, deploying 15 million votes in the process.
Linkin Park has dropped a music video for Lost, featuring AI generated footage.
The video, directed by @pplpleasr and @maciejkuciara, uses an AI model that was trained on White Rabbit content to assist in giving footage of the band an anime feel.
The videos features their Web3 anime White Rabbit and an anime version of the late Chester Bennington.
The video, directed by @pplpleasr and @maciejkuciara, uses an AI model that was trained on White Rabbit content to assist in giving footage of the band an anime feel.
The videos features their Web3 anime White Rabbit and an anime version of the late Chester Bennington.
💰 SushiSwap Acquires Derivatives Trading Platform Vortex Protocol With Plan To Launch In Q2
SushiSwap reported that it had acquired Vortex Protocol for an undisclosed sum. The on-chain exchange will be a new product under the SushiSwap brand and be built on Sei Network, a blockchain employing Cosmos’ infrastructure, according to the Decrypt report. Unreleased decentralized derivatives exchange Vortex Protocol will provide customers with 10x margin trading on a range of assets. In Q2 2023, Sei Network, a brand-new Layer 1 blockchain that focuses exclusively on decentralized trading apps, and Sushi’s recently purchased Vortex Protocol will both go live on the mainnet. This is also part of SushiSwap’s plan announced in January, although it’s not the foundation that Sushi built in the first place. The on-chain trading platform will be a new product that will fall under the DEX brand.
SushiSwap reported that it had acquired Vortex Protocol for an undisclosed sum. The on-chain exchange will be a new product under the SushiSwap brand and be built on Sei Network, a blockchain employing Cosmos’ infrastructure, according to the Decrypt report. Unreleased decentralized derivatives exchange Vortex Protocol will provide customers with 10x margin trading on a range of assets. In Q2 2023, Sei Network, a brand-new Layer 1 blockchain that focuses exclusively on decentralized trading apps, and Sushi’s recently purchased Vortex Protocol will both go live on the mainnet. This is also part of SushiSwap’s plan announced in January, although it’s not the foundation that Sushi built in the first place. The on-chain trading platform will be a new product that will fall under the DEX brand.
🆘 550 BNB lost in contract exploit by decentralized exchange
Recently, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating away from the CoW Swap exchange. In a Twitter thread, the maximum extractable value (MEV) searcher sent a warning to the DEX and the users of the exchange about the vulnerability. A wallet address was reportedly added as a "solver" of CoW Swap by using a multisig, as stated by the company BlockSec, which audits smart contracts.
Recently, the decentralized exchange (DEX) system known as CoW Swap came under assault, resulting in the loss of at least 550 BNB (BNB) due to a contract hack that permitted money transfers away from the platform. The occurrence was spotted by the blockchain surveyor MevRefund, which also noticed that the cash seemed to be migrating away from the CoW Swap exchange. In a Twitter thread, the maximum extractable value (MEV) searcher sent a warning to the DEX and the users of the exchange about the vulnerability. A wallet address was reportedly added as a "solver" of CoW Swap by using a multisig, as stated by the company BlockSec, which audits smart contracts.