πŸš€ Many entered ... only 32 survived. πŸ”°

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    πŸš€ Many entered ... only 32 survived. πŸ”°

    Happy Wednesday, Geckos!

     

    Goodbye China!

     

    According to a report from The Block, Huobi Group is liquidating its Chinese corporation, Beijing Huobi Tianxia Network Technology Limited.

     

    Furthermore, OK Group, the crypto firm behind OKCoin, is also dissolving Beijing Lekuda, its Chinese subsidiary.

     

    These dissolutions occur at a time when China is clamping down on the crypto sector as a whole.

     

    However, neither exchange's crypto trading services would be impacted by these dissolutions because both exchanges have transferred their operations out of China a few years ago.

     

    In today's news, Stoner Cats jams up Ethereum, YGG's IDO sold out within seconds, and Fireblocks raised $310 million.


    Read on!

    24h Hot Searches Worldwide πŸ‘€


    Why do you think NFTs are valuable? 

    Ronald Ong is a firm believer that NFTs are unique because they manifest concepts of value, ownership, and a networked community; and we're proud to announce that we are collaborating with him for our NFT Spotlight! As a visual artist, Ronald creates surreal artworks in Photoshop, mainly composed of nature and animals which transport you to a new whimsical world

    For our collaboration, he has created two beautiful pieces that depict the Gecko in new and imaginative ways. Introducing the common art, Intergalactic Gecko, which transports the Gecko to a whole new world with a gentle glow that will last forever in the vast Universe. 

    Looking for something even more unique? Meet your neighborhood-friendly 'Cucumgecko', it's a gentle reminder for you to look around and enjoy funny little things in life. Don't miss out on the 24-hour auction which will begin at 10 PM EST on 28th July.


    Find out more here.

    Recently, the crypto space has seen a surge of interest in Play-to-Earn (P2E) games which help players to earn an income while having fun! Paving the way of this newfound interest is Axie Infinity with its adorable NFT characters.


    Learn more about this virtual-pets battle simulator with this article from our analyst, Ben.

    Kitties Clog Ethereum


    NFT cats have caused havoc on the Ethereum (ETH) network once again after Stoner Cats' NFTs were sold out in 35 minutes.


    During the drop, collectors had squeezed the site to purchase the NFTs, which had a cap of 10,420 NFTs for 0.35 ETH each, which caused gas prices to soar.


    Stoner Cats was initially delayed by a day due to a glitch discovered by the team. However, the second attempt was successful.


    Another 3,000 new NFTs will be released throughout the first season, according to the project's website.


    Cointelegraph

    32 Whales Gulped YGG On Launch


    On Tuesday, Yield Guild Games (YGG) completed their initial DEX offering (IDO) on SushiSwap's Miso platform.


    Within seconds of the IDO going live, the entire offering of 25 million tokens was bought by only 32 different addresses for a combined value of $12.5 million.


    The YGG coin launch was intended to decentralize guild ownership to stakeholders and participants. However, many devoted community members have been shut out of the IDO involvement as a result of the event.


    Cointelegraph

    Fireblocks is on Fire

     

    Fireblocks, a blockchain infrastructure provider and cryptocurrency custodian, has raised another $310 million in strategic funding, increasing its total valuation to $2 billion and marking yet another significant milestone for the firm.

     

    According to Fireblocks' CEO, the funds will be used to increase internal capacity, including research and development and support teams.

     

    The investment round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X.

     

    Cointelegraph


    Nervos is making some big waves for developers this quarter! We are inviting devs to participate in beta testing some of our newly launched layer two solutions; Polyjuice, Godwoken, and the Force Bridge. We also have a Gitcoin Bounties campaign where devs can earn $CKB for completing tasks with these tools. Finally, the big news is that Nervos is about to launch a DEX on the platform called Yokai Swap and that too is open for beta testing through Autumn.

    Join Nervos Network Next Phase of Development With #AutumnIsForBuilding

    Algorithm

     
    Algorithm is a set of rules to follow to solve a problem or conduct a task. In computer or programming, an algorithm is needed for a computer to do its task accordingly. It is not a computer code and it needs to be converted to the language where the computer can understand.

     

    Learn about other Crypto terms here

    NFT of the Day πŸ–ΌοΈ


    Untamed Elephant #746


    Gallery: Untamed Elephants
     

    7,500 Untamed Elephants Roaming Around On The Ethereum Blockchain Waiting To Be Saved.


    Check out other NFTs on CoinGecko

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    Submit your favorite NFTs here for a chance to be featured as our NFT of the Day!

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