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EOS Network Foundation reveals plans to pursue a $4.1B lawsuit against Block.one
In a new chapter of the EOS community versus creators saga, the EOS Network Foundation’s (ENF) founder and “community-elected CEO” Yves La Rose revealed that they are preparing for a legal “war” against EOS creators Block.one. According to La Rose, they are reviewing any potential legal action “to seek $4.1B in damages.” Currently, the EOS leader mentioned that a Canadian law firm is working with them to explore what legal action they can take against the original developers of EOS. As Founder of @EosNFoundation I share your frustrations! We are taking further steps to hold @B1 accountable for its past actions and broken promises against #EOS. Review of ALL possible legal recourse to seek $4.1B in damages underway. Let’s do this together! #4BillionDAO coming — Yves La Rose (@BigBeard...
Terra partners up with Washington Nationals in a five-year $40 million sponsorship deal
Terraform Labs CEO Do Kwon proposed the sponsorship at the start of the month, and the vote saw wide approval Terra will gain branding rights in the home team’s ballpark On February 1, Terraform Labs CEO Do Kwon submitted a proposal to sponsor a “household name” team in one of the four major American professional sports leagues. Yesterday, it was revealed that the tabled $40 million deal would be with The Washington Nationals baseball team in a five yearlong partnership. As details about the team to be included in this partnership had not been provided initially, the announcement brought to a halt a week-long period of speculation. “After much anticipation, we’re excited to announce that the [REDACTED] American professional sports partner of the Terra Community Trust (TCT) is the Washingto...
FarmVille developer Zynga set to release first NFT game this year
San Francisco-based game developer Zynga, best known for the FarmVille and CSR Racing series, has announced plans to release its first blockchain and NFT-based games this year. The billion-dollar game studio first made waves in the crypto world last year after appointing 30-year gaming industry veteran Matt Wolf as Vice President of Blockchain Gaming to lead the company’s charge into the burgeoning industry. Zynga has also announced plans to increase the current blockchain gaming team from 15 employees to anywhere up to 100 by the end of this year. The company may also soon fall under the umbrella of video-game colossus Take-Two Interactive, publisher of Grand Theft Auto which publicly announced a $12.7 billion dollar acquisition move set to close in the first quarter of 2023. Speaking on ...
Nifty News: Land grab in the Shiberse, floor prices fall, NFT house sale and more…
The team behind one of the top memecoin projects Shiba Inu (SHIB) is rolling out tokenized real estate dubbed “Shiba Lands” as part of its upcoming metaverse project. Shiba’s upcoming metaverse is yet to receive a name, with the team referring to it as the “Shiberse,” and stating that the official title will be revealed later this month. The launch date for the tokenized land sales and auctions is also set to be announced soon and hodlers of the LEASH token (which is available via Shiba Swap) will be granted first access to the land sale events. After the first round of sales, access will then be opened up to the public. New Blog: A METAVERSE Story that begins… with an update! Introducing Lands, a queue system, and more!$LEASH holders will be the first to gain access to Shiba Inu Met...
Terra sponsors Washington Nationals, Bitstamp backs Immortals esports
Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationals MLB team and crypto exchange Bitstamp is now partnered with esports organization Immortals. Terra (LUNA) is the 10th largest cryptocurrency by market cap and the blockchain that produces the UST stablecoin. The project is governed by a decentralized autonomous organization (DAO), which is now an official partner of the Washington Nationals. The Terra community committed $38.2 million in UST over the next five years to secure the deal. The partnership was proposed by Terra founder Do Kwon on Feb. 1 through the community’s governance platform. As part of the partnership, there are plans to allow fans at games to make purchases with UST at the team’s home stadium, N...
UN approves NFT standards initiative led by Tencent
Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs) . The project, dubbed a “technical framework for DLT-based digital collection services” will be the world’s first U.N.-approved standards initiative for NFTs, according to state-owned local media. The U.N. agency for information and communication technologies, The International Telecommunication Union (ITU) approved the project, which is expected to complete an initial draft by the end of 2022, according to a report from the South China Morning Post. Currently, any recommendations advised by the ITU only become mandatory and enforceable when nations adopt them as law. “The international stan...
Report indicates BlackRock plans to bring crypto trading support
The New York-based investment management company will allow its clients to trade crypto assets via its Aladdin platform Some of the moves the firm has made in recent days have been an indication of its interest in the cryptocurrency sector BlackRock, the world’s largest asset management firm, is looking to provide crypto trading services based on a report from CoinDesk that cited three unnamed parties in the know. One source, as CoinDesk detailed, said that the asset manager would leverage its Aladdin investment platform to support the same. The proprietary platform’s name is a contraction of Asset, Liability, Debt and Derivative Investment Network. The firm, which had $10 trillion worth of assets under management as of last month, will also debut a credit facility alongside th...
Aave launches Web3 social media platform, Lens Protocol
Aave (AAVE), the decentralized finance lending platform, launched the Lens Protocol ecosystem on the Polygon (MATIC) blockchain as their way to challenge centralized social media platforms like Twitter or Facebook. What started with an open letter to garner support around the idea that content creators should own and control their digital identities, led to developing a Web3-native social network powered by nonfungible tokens (NFTs). In a Twitter Spaces conversation the company hosted this week, Stani Kulechov, CEO and founder of Aave, described the mission behind Lens Protocol. “We wanted to build a social media protocol, or essentially a social graph, and make those profiles on-chain, following the relationships on-chain and creating a permissionless way to di...
The team behind the world’s first hardware wallet says it’s still thriving after 8 years
Like all things, Trezor, a household name in the crypto community with over 1 million units sold, came from humble beginnings. The idea all started out in 2011 after a Bitcoin (BTC) conference in Prague, Czechia — which, by the way, was just voted the most beautiful city in the world in a Time Out magazine survey. Two crypto enthusiasts, Pavol “Stick” Rusnák and Marek “Slush” Palatinus, envisioned a small, single-purpose computer that would securely store users’ Bitcoin private keys. In 2013, the two founded SatoshiLabs. The following year, the first-ever Trezor wallet — Trezor One — launched. Then came the Trezor Model T, which added a touchscreen to the device. Both are still found on the market worldwide, with their firmware patched each month or so. With t...
Alchemy Pay gains 77% after exchange listings and cross-chain integrations
The cryptocurrency ecosystem has come a long way since the launch of Bitcoin (BTC) and in the last few years smart contracts have revolutionized the industry. With that said, there is still plenty of progress to be made when it comes to integrating blockchain technology to peer-to-peer, business to business and business to consumer payment systems. Alchemy Pay aims to further the adoption of cryptocurrencies through its hybrid payments system and in the last week its ACH token gained 77% to trade at $0.0625 on Feb. 9. ACH/USDT 4-hour chart. Source: TradingView Three reasons for the uptick in ACH price include the cross-chain launch of ACH on the Binance Smart Chain (BSC), multiple new exchange listings that have helped expand access to the token and the integration of Alchemy Pay wit...
Tennessee lawmaker introduces bill which would allow state to invest in crypto
Jason Powell, a member of the Tennessee House of Representatives, has introduced a bill proposing counties, municipalities, and the state to invest in cryptocurrencies and nonfungible tokens, or NFTs. According to Tennessee House Bill 2644 introduced on Feb. 2, Powell proposed amending the current state code to add crypto, blockchain, and NFTs to the list of authorized investments for the counties, state, and municipalities to make with idle funds. Lawmakers assigned the bill to the House Finance, Ways, and Means Subcommittee on Feb. 8 for further consideration. The legislation was the second related to crypto and blockchain introduced by Powell. The same day, he asked Tennessee lawmakers to consider forming a study committee aimed at making the state “the most forward thinking and p...
ETH addresses with large balances are paring down their holdings, analyst observes
IntoTheBlock analyst Juan Pellicer has reviewed the distribution of Ethereum between long-term and short-term holders in his latest piece for CoinMarketCap, the analyst also assessed the impact of the distribution in the market In an analysis post centred around ‘Who has been buying the last dump,’ research analyst Juan Pellicer noted that the long-term holders have chiefly taken the accretion path even as distribution from fat-cat holders continues. Analysis based on the ‘Balance by Time Held‘ metric As per the data presented by the analyst, Ether hodlers collectively have 52.39 million ETH in their wallets thus far. This group (investors who have held ETH for over 12 months) has the biggest Ethereum balance and accounts for 44.51% of Ethereum holders. It...
