DVVVNFT lending protocol NFTfi completed $6 million in Series A1 financing, led by Placeholder VC
NFTfi, a peer-to-peer, decentralized lending protocol collateralized by NFTs, has raised $6 million in a Series A1 round led by Placeholder VC, bringing total funding to $15 million, according to the team: “Notably United Investors include Maven 11, Launch Labs Inc, Kahuna Ventures. Launched in 2020, NFTfi is a pioneer in NFT finance, facilitating significant on-chain lending. Future plans include enhancing dApp functionality, expanding SDK functionality, and creating an open platform for NFT...
DVVVWormhole explains why Mad Lads NFT holders received a much higher number of W token airdrops than ot…
The crypto community is discussing the upcoming W governance token airdrop for cross-chain protocol Wormhole, with eligible wallets spanning Solana, Ethereum, and more. But not everyone is happy with the wallet selection process, nor with the number of tokens allocated to certain users or communities. In an effort to clear up confusion about the airdrop, Wormhole published a series of posts on Monday detailing the airdrop process. The post reads, “Wormhole contributors have begun planning an ...
DVVVGenesis sues DCG for over $600 million in loan repayments
Genesis Global Capital is suing Digital Currency Group (DCG) and Digital Currency Group International (DCGI) for the repayment of multiple loans with principal amounts exceeding $600 million. According to two documents filed with the Bankruptcy Court of the Southern District of New York on Thursday, DCG borrowed up to $500 million from Genesis in 2022 through four loans, while DCGI borrowed 18,697.7 bitcoins in 2019. DCG and Genesis entered into a master loan agreement on November 10 last yea...
DVVVNFT lending protocol NFTfi completed $6 million in Series A1 financing, led by Placeholder VC
NFTfi, a peer-to-peer, decentralized lending protocol collateralized by NFTs, has raised $6 million in a Series A1 round led by Placeholder VC, bringing total funding to $15 million, according to the team: “Notably United Investors include Maven 11, Launch Labs Inc, Kahuna Ventures. Launched in 2020, NFTfi is a pioneer in NFT finance, facilitating significant on-chain lending. Future plans include enhancing dApp functionality, expanding SDK functionality, and creating an open platform for NFT...
DVVVWormhole explains why Mad Lads NFT holders received a much higher number of W token airdrops than ot…
The crypto community is discussing the upcoming W governance token airdrop for cross-chain protocol Wormhole, with eligible wallets spanning Solana, Ethereum, and more. But not everyone is happy with the wallet selection process, nor with the number of tokens allocated to certain users or communities. In an effort to clear up confusion about the airdrop, Wormhole published a series of posts on Monday detailing the airdrop process. The post reads, “Wormhole contributors have begun planning an ...
DVVVGenesis sues DCG for over $600 million in loan repayments
Genesis Global Capital is suing Digital Currency Group (DCG) and Digital Currency Group International (DCGI) for the repayment of multiple loans with principal amounts exceeding $600 million. According to two documents filed with the Bankruptcy Court of the Southern District of New York on Thursday, DCG borrowed up to $500 million from Genesis in 2022 through four loans, while DCGI borrowed 18,697.7 bitcoins in 2019. DCG and Genesis entered into a master loan agreement on November 10 last yea...
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Polymer Labs, a Layer 2 project focusing on IBC protocol interoperability, announced the launch of the Polyverse testnet, aiming to reward developers, infrastructure operators and Builders for enhancing Ethereum scalability, developing cross-chain applications, and developing cross-chain applications through Layer 2 solutions. Contribution to promoting IBC in the Cosmos ecosystem. The Polyverse testnet is divided into three phases. The first phase, Basecamp, is already online and will last until April, allowing developers to develop dApps using Polymer to promote the development and seamless interoperability of innovative dApps and enhance development within the ecosystem. tool. The second phase, scheduled to be released this month, will select a subset of dApps developed in the first phase and develop additional incentives for end users to join the testnet. Phase 3 focuses on developing additional tools to support repeater operations and soliciting feedback on the repeater incentive program.
Polymer Labs, a Layer 2 project focusing on IBC protocol interoperability, announced the launch of the Polyverse testnet, aiming to reward developers, infrastructure operators and Builders for enhancing Ethereum scalability, developing cross-chain applications, and developing cross-chain applications through Layer 2 solutions. Contribution to promoting IBC in the Cosmos ecosystem. The Polyverse testnet is divided into three phases. The first phase, Basecamp, is already online and will last until April, allowing developers to develop dApps using Polymer to promote the development and seamless interoperability of innovative dApps and enhance development within the ecosystem. tool. The second phase, scheduled to be released this month, will select a subset of dApps developed in the first phase and develop additional incentives for end users to join the testnet. Phase 3 focuses on developing additional tools to support repeater operations and soliciting feedback on the repeater incentive program.
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