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🚀 Sam to the rescue 🏥
| Happy Friday, Geckos!
Poly Network, the DeFi cross-chain system that was hacked earlier this month for a whopping $610M, has successfully recovered all the lost assets.
The recovery was completed on August 25 following the project's close communication with Tether (USDT) to release the 33,431,200 USDT which was locked up shortly after the breach.
The project has expressed gratitude to users who have "patiently awaited the recovery of their assets," adding that it is now ready to resume functionality and return all assets ASAP.
In today's news, Liquid receives a $120M loan from FTX, 3LAU launches blockchain music investment platform, and NFT sales record $900M.
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The Play-to-Earn (P2E) movement led by Axie Infinity has blossomed as the number of scholarships grew exponentially, allowing players to earn money just by playing the game.
This leads us to an interesting question; will a similar structure work for other P2E games, and more importantly, will they be able to capture the level of hype and attention that has been achieved by Axie thus far.
Our analyst, Win Win, dives in and explores other games such as Cryptoblades (SKILL)and Cometh (MUST) to see whether a scholarship program would also make sense.
Read it here! | | 24h Hot Searches Worldwide 👀 | |
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| | Join us, as we count down to the NFT conference of the year!
GeckoCon - NFTs Gone Wild will cover a kaleidoscope of themes ranging from art, music, collectibles, gaming, sports, the metaverse, monetization, utilities and more!
Our line-up of industry leaders is growing by the day, as we are eager to bring you the best minds and voices of the NFT space to enlighten you on the now and future of all things NFT.
With the likes of AsyncArt, Hashmask, Showtime, and World of Women in the field of Art alone, we are working with other top industry names to empower your NFT knowledge.
For a limited time only, you can still get your hands on our Early Bird Tickets at 70% Off! Don't wait, grab your tickets here! | | FTX to the Rescue
Liquid Global, the Japanese crypto exchange that was exploited for over $90M last week, will receive a loan of $120M from FTX Trading, the operator of FTX.com.
Liquid stated that the additional funds would "strengthen its capital position, thereby accelerating new capital generation projects and providing critical liquidity."
The exchange also stated that the financing would help enhance its key regulatory metrics for licensing opportunities in the major jurisdictions of Japan and Singapore.
Decrypt | | Music for Royals
Electronic dance music producer and DJ Justin Blau, also known as 3LAU, has formally announced the launch of Royal, a blockchain-based music investment platform.
Royal's launch follows a $16M preliminary fundraising round headed by crypto-focused investment firm Paradigm and Peter Thiel's Founders Fund.
The project aims to democratize access to music ownership for music fans by allowing them to invest and hold rights to their favorite songs and albums via the blockchain network.
Cointelegraph | | NFT Craze Continues
According to Nonfungible's data, $896M has been spent on NFTs in the last 30 days, and it is likely to reach $900M by the end of the month.
The figure is more than triple the previous best-performing month for NFT sales in May, when $255 million was sold, owing primarily to CryptoPunks and Axie Infinity (AXS).
According to Cryptoslam, CryptoPunk sales totaled $397M this month, with an average selling price of $214,000.
Cointelegraph |
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| | | IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result, raise capital from public investors. In the context of the crypto world, IPOs are often done in the form of Initial Coin Offering (ICO), Initial Exchange Offering (IEO), or Security Token Offering (STO).
Learn about other Crypto terms here | | | | Here are the top trending coins for this week! 🔥 | | | | |
The Break Up
Artist: Dylan Gill Gallery: OpenSea
That moment when it's over.
Minted 1/20
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