πŸš€ It's a double knockout! 🚨

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    πŸš€ It's a double knockout! 🚨

    Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

    Happy Wednesday, Geckos!

     

    Yesterday, Solana's (SOL) mainnet beta had suffered 45 minutes of intermittent disruptions due to a spike in transactions to 400,000 per second, which had caused a denial-of-service and the network to start forking.

     

    Ethereum L2 rollup network Arbitrum One also reported that its sequencer had gone offline for around 45 minutes due to a "bug causing the sequencer to get stuck" after transaction spam.

     

    On the same day, an unknown entity also attempted to attack Ethereum (ETH) but failed, as developer Marius Van Der Wijden noted on Twitter.

     

    In today's news, Google partners with Dapper Labs to support Web3 development, Immutable raises $60M in series B funding round, and Huobi is ready to dive into GameFi.

     

    Read on!

    Axie Infinity has taken the world by storm and is showing no signs of slowing down!


    Are you still unsure about dipping your toes in the water? Our latest how-to video with GirlGoneCrypto breaks down the essential steps you need to know about setting up your wallet, connecting to the game, and buying your first Axie! 😱


    Learn more about it here! πŸ‘ˆ

    24h Hot Searches Worldwide πŸ‘€

    Going With The Flow

     

    Google has partnered with Canadian blockchain studio Dapper Labs to assist in developing new Web3 products, including an NFT marketplace.

     

    According to Forbes, Google Cloud will act as a network operator for Dapper Labs' Flow (FLOW) blockchain, the scalable infrastructure that supports a whole ecosystem of NFTs, games, and applications.

     

    Google has also made it simpler for Flow developers to interface with its software, giving them extra benefits to choose Google Cloud over competitors like Amazon Web Services.

     

    Cointelegraph

    Immutable Locks In $60M 

     

    The Sydney-based blockchain firm Immutable has secured $60 million in a Series B funding round for its platform that utilizes NFTs to monetize games.

     

    The round was co-led by Bitkraft Ventures and King River Capital, with participation from other VC firms, including Sam Bankman-Fried's Alameda Research and Gary Vaynerchuk's VaynerFund.

     

    The funds will be used to expand the engineering and sales team, enhance key partnerships with gaming firms, and accelerate the growth of Immutable's NFT games, Gods Unchained, and Guild of Guardians.

     

    VentureBeat

    Huobi Gets Into The Game

     

    According to a company press release, Huobi Ventures, the investment arm of Huobi Group, is establishing a $10 million fund to invest in early-stage GameFi projects.

     

    Apart from money, Huobi will also provide marketing and PR support, financial and legal advice, and technical support for deployment on the Huobi Eco Chain.

     

    Notably, some projects may be granted a "special channel" to list their tokens on Huobi, providing them with additional user awareness.

     

    CoinDesk


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