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🚀 Layer 2 + Layer 2 = Layer 4?

How was your weekend, Geckos?   Cool Cats, one of the most popular NFT projects right now, is collaborating with TIME magazine to host a meme competition in which contestants may win limited edition NFT collectibles.   The Cool Cats x TIME collaboration series will feature 400 NFTs across four distinct designs, each with a "cool cat" reading TIME magazine.   The eight winning meme creators will each receive one of the new NFT pictures as a prize, while the remaining 392 NFTs will be raffled off to participants who possess a Cool Cats NFT.   In today's news, Intel invests in Coinbase stocks, Walmart seeking to hire a crypto lead, and Polygon acquires Hermez.   Read on!

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Our cute Analyst, Erina, wrote an article on decentralized crypto domains, featuring four naming protocols (ENS, UD, HNS and YAT). She believes these naming protocols will serve as the gateway to web3 and internet identity will be big. Read more here. Or you can check out her summary here!   #COINGECKONFTSPOTLIGHT - Reva x CoinGecko Drop Looking for something astounding? Introducing this one of a kind by Reva, the GemGecko Legendary. The Gecko spins and splashes rainbows, acting as a reminder to focus on the positives around us. Don't miss out on the opportunity to own GemGecko Legendary by Reva by placing your bids here. The 24-hour auction will begin at 8AM EST on 19th August. Intel Invests in Coinbase   According to Barron's report, chip giant Intel appears to have just purchased 3,014 shares in Coinbase Global, valued at approximately $800,000 based on a recent trading price of $261.25.   This had led to the conjecture of Intel entering the cryptocurrency market secretly before Coinbase was even publicly traded, as regulatory filings are not required for Intel's holding of less than 5%.   However, according to the article, Intel was required to report the transaction to the SEC afterwards since it has more than $100 million in total investments as a public corporation.   Cointelegraph Walmart Wants You    According to a job ad posted to LinkedIn yesterday, Walmart is looking for a "visionary leader" to fill the role of digital currency and cryptocurrency product lead.   The new hire is expected to "develop the Digital Currency strategy and product roadmap" and "drive the vision for the product and capabilities roadmap."   The job ad came weeks after reports circulated that Walmart rival Amazon planned to enter the crypto industry.   TheBlockCrypto Polygon X Hermez Polygon, an Ethereum (ETH) scaling project, has acquired Hermez Network, a ZK-Rollups-based Ethereum scaling solution, for $250 million. The two blockchain projects are also merging their native currencies, MATIC and HEZ, with a ratio of 3.5 MATIC to 1 HEZ. As part of the deal, Hermez's services will be integrated into Polygon under the new moniker "Polygon Hermez," and their 26 employees will join Polygon's team of 80. TheBlockCrypto

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