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Marathon Digital is reportedly planning to acquire two bitcoin mining facilities in Texas and Nebraska from Generate Capital for $178.6 million, a move to boost its bitcoin mining capacity by 390 megawatts. The acquisition will help Marathon Digital double its hash rate in the next few years and eventually reduce bitcoin production costs by about 30% at these locations.
Immutable's newly launched web3 gaming tool, Passport, aims to simplify sign-up processes for gamers by providing a universal profile. Through this profile, players can transfer their identities, achievements, and digital assets across different online games and marketplaces. Initially, the tool will be available to over 500,000 users across five games and marketplaces, including "Gods Unchained" and AtomicHub. The tool is part of Immutable's efforts to create an interconnected gaming environment and boost adoption in the web3 gaming space.
Frame, a new NFT-focused L2, has finalized a funding round led by Electric Capital. Other investors include 9gag founder Ray Chan. Along with the funding news, Frame announced an airdrop of FRAME tokens for active NFT traders. Frame aims to create a community-owned network that enforces royalties, addressing issues with a lack of royalties enforcement in leading NFT marketplaces. Its mainnet launch is slated for next month.
The Lisk blockchain is migrating to become an Ethereum L2 using Optimism’s open-source framework and Gelato’s rollup-as-a-service platform. The transition involves migrating Lisk's LSK tokens to Ethereum to enhance their usability across various dapps and DeFi protocols. There will be a testnet deployment of the new network in Q1 2024 with the mainnet launch expected later. Lisk also plans to incentivize activity on the new chain with an initial LSK token airdrop.
Coinbase's 2024 Crypto Market Outlook predicts a promising year on the horizon, on the back of total crypto market capitalization doubling in 2023. The study highlights Bitcoin's strengthened safe haven status, the likelihood of increased institutional adoption, and the rise of practical trading use cases in 2024. In addition to positive sentiment in the markets, developments in blockchain infrastructure and decentralized applications suggest a shift in trading to web3 applications.
This thread introduces a Solana memecoin dashboard that offers insights into the exploding Solana token market. The user-friendly resource divides tokens into three categories: mid caps, small caps, and micro caps, depending on their trading volumes. The system encourages investors to focus on only one category for simplicity. It also highlights the importance of considering individual investment capacity, potential losses, and personal preferences while using the dynamic tool.
This post lays out some bullish thoughts on the crypto space for the upcoming year. Points include the impact of the 2024 US election, the resolution of security concerns with Biden's administration, the FBI and CIA's involvement with Tether, unutilized speculative funds. low chances of Coinbase default, El Salvador and Microstrategy's financial success with Bitcoin, and more central bank interest in gold. The author believes in a digital scarcity argument for ETH and predicts a $5 trillion cryptocurrency market cap within two years.
The Epic Games Store has updated its policies, now allowing blockchain-based games, with the caveat that they are given an Adults Only rating by the Entertainment Software Rating Board. Previously, games like Gods Unchained and Striker Manager 3 were removed from the platform because of this rating. Despite the change, the Epic Games Store's prohibitions against other types of content remain.
S&P Global Ratings launched its stablecoin stability assessment to evaluate stablecoins' value stability against fiat currency, rating them from strong to weak based on various risks.
After selling out due mostly to a BONK claim arbitrage opportunity, Saga phone owners have now received another airdrop opportunity - $250 in ACS tokens from Access Protocol.
Terra founder Do Kwon's extradition to the US has been delayed due to a court-ordered review in Montenegro following charges of crypto fraud and market manipulation.
Li Jin gave a brief overview of her experience with points systems in a web 2.0 context in a tweet earlier this week. In this piece, she gives a more in-depth explanation of her thoughts on the topic.