NFT News by Thebittimes.Com

As the decentralized finance (DeFi) landscape evolves, the need for secure and reliable identity verification mechanisms becomes increasingly crucial. Traditional centralized identity systems pose several challenges, including privacy concerns, data breaches, and the exclusion of individuals without access to formal identification. De central ized identity verification offers a promising alternative, addressing these issues while enhancing security and inclusivity in DeFi. What is Decentralized Identity? De central ized identity, also known as self-sovereign identity (SSI), allows individuals to control and manage their personal information without relying on a central authority. This concept leverages blockchain technology and cryptographic techniques to enable secure and private verification of identity. Users can share verified credentials with service providers without revealing unnecessary personal details, thus protecting their privacy.  The Role of Decentralized Identity in DeF...

MANTRA is excited to reveal a strategic investment from Laser Digital, the digital asset arm of financial services giant Nomura. This investment builds on MANTRA’s recent funding round and propels them towards becoming the leading Layer 1 blockchain for Real World Assets (RWAs) in the Middle East and Asian markets. This collaboration strengthens MANTRA’s vision of bringing finance on-chain. Laser Digital’s expertise in regulations and commitment to compliance RWA tokenization perfectly aligns with MANTRA’s goals. A Powerful Alliance for Compliant RWAs MANTRA has consistently demonstrated its dedication to providing RWA-focused solutions in the Middle East. Laser Digital’s established presence in the region makes them a perfect partner to support MANTRA’s growth. They already possess licenses for virtual asset brokerage and management/investment services from Dubai’s Virtual Asset Regulatory Authority, along with an In-Principle Approval from Abu...

Avalanche (AVAX) has jumed 10% in the past 24 hours to break above $45.  As cryptocurrencies bounce, AVAX bulls could eye a breakout above $50. Meanwhile, the overalll bullish outlook has Pullix (PLX) attracting investors as its presale surpasses $1 million. Avalanche (AVAX) is looking to bounce above a key price level following Wednesday’s broader market surge . Meanwhile, investors hunting for the next breakout projects are increasingly finding Pullix (PLX) , a new crypto exchange and investment platform highly attractive. Pullix (PLX): the new hybrid exchange for DeFi Pullix ($PLX) is a new project that seeks to bring the benefits of a hybrid exchange to the online trading community.  An innovative “Trade-to-Earn” ecosystem stands out and could revolutionise the trading experience across crypto, particularly the decentralised finance (DeFi) market. The trading platform will incentivise users to provide liquidity, offering a r...

MyContainer partners with Wanchain to provide its users with the best opportunities to participate in the Wanchain ecosystem. Wanchain is a blockchain project that aims to drive blockchain adoption by creating interoperability between different blockchain networks. They achieve this through a cross-chain infrastructure that connects siloed blockchains, empowering developers to build decentralized cross-chain applications for the future of Web3. Additionally, Wanchain’s  native cryptocurrency,  $WAN , operates within its cross-chain infrastructure. It is secured through a proprietary Proof of Stake consensus algorithm called Galaxy Consensus, which builds upon Cardano’s Ouroboros. Validators on the network are required to  stake WAN coins  to participate in transaction validation. MyCointainer Platform & Wallet Integration From now on, community members can take advantage of the Wanchain native token’s  utility on  its platform . Deposits and withdrawals are process...

Glitter and Penguin Finance collaboration has been announced. This partnership will obtain Protocol-Owned Liquidity for Bridged Assets through the Utilization of Bonding. Glitter will be leveraging Penguin Finance’s bond service to further grow liquidity for bridged assets. Furthermore, Glitter Finance is a brand-changing innovator that aims to bring everyday users into the world of cryptocurrency seamlessly. By providing user-friendly and streamlined architecture, Glitter aims to remove technical and psychological barriers that may prevent people from investing and participating in the crypto market. How Does Glitter Finance Work? As an interoperability solution, Glitter serves as a layer-zero for DeFi protocols across multiple blockchain networks. It connects disparate ecosystems and simplifies the usage and investment process across different blockchain networks. Currently, Glitter has successfully bridged the Algorand and Solana blockchain networks bidirectionally with over 99% eff...

BasicSwap website is live! It allows users to navigate to BasicSwapDEX to find a plethora of information on the Particl project’s upcoming privacy-first and cross-chain DEX. This new landing page contains all the essential information one needs to know about the upcoming platform and protocol, in a user-friendly and easy-to-digest format. It is meant as an informative and easy-to-share resource, informing users of all there is to know about BasicSwap. There, you will find the DEX’s primary key points and benefits, as well as a list of all available cryptocurrencies on the platform, answers to the most frequently asked questions links to tutorials, guides, and build instructions. The web page will be continuously updated and expand over time, so as to always contain the most up-to-date information about BasicSwap. Meaning you can safely share it far and wide without fear of it becoming outdated later in the future. BasicSwap Roadmap Also included on the website will be BasicS...

Industry-leading play-to-earn and Metaverse platform, Nakamoto Games partners with Web3 Launcher Elixir Games. Escape is a 3D free-running survival game set to revolutionize the play-to-earn sector. Join a pool of players in navigating obstacles in a frantic race to the finish line, all while enjoying slick graphics and intense gameplay. Initially, Escape debuted on our website, but we are excited to bring it to the multitude of play-to-earn fans of Elixir. As part of partnership, Escape will soon appear within Elixir Games’ on-site catalog. Elixir will announce all Escape-related updates and developments as part of a broader cooperative marketing strategy to raise awareness and boost engagement. Current and future NFTs related to the game will also feature on their website. Escape and Elixir Games aim to introduce the gaming world to a new era through fun, high-end, and profitable Web3 games. By emphasizing playability and profitability, we will work together to build both platforms a...

In addition to $JOE Price Protection, Degis will offer game-changing insurance coverage to Trader Joe users by integrating Trader Joe into cross-generational Protocol Protection product. They hope the collaboration can protect Trader Joe users from on -chain risks , and provide them with a safer crypto environment. Trader Joe Integrates Degis – How does Protocol Protection work? Protocol Protection is the next-generation protection product that offers exhaustive protection for all kinds of on -chain risks . Whether it is a smart contract hack, a cross-chain bridge theft, or a series of protocol security events such as rug pull, Degis will provide users with corresponding protection. “Protection Pool + Priority Pool” Design Degis Protocol Protection pools consist of two parts: Protection Pool and Priority Pool. The Protection Pool is the pool that provides protection to all insured protocols on Degis platform. Under Protection Pool, there are specific priority pools for ever...

With A Sustainable Decentralized Earning Protocol. With Auto-BUSD Rewards. powered by a yield generating contract and operating on Binance Smart Chain (BSC), aiming for a Sustainable Earning Protocol. With (Lcash)staking and Ratio 1:1 Borrowing Fixed earning APY. To enhance mass earning experiences on BSC. In addition, Luna Cash Finance has developed a number of Features that are easy to use and look great. Making it possible for everyone, no matter their level of knowledge and expertise, to take part in this profitable ecosystem . The platform is designed to deliver all the advantages of Decentralized Finance you get rewarded in BUSD instead of tokens. The token contract employs a static rewards system. 10% of every transaction is split in 4 3% BUSD redistribute to holders 4% for token brand & sale marketing 2% to fuel the liquidity pool exchange growth 1% to sustain the Lcash Staking Protocol KNOWING FANDORA ECOSYSTEM The Fandora Network is a blockchain design that...

ClearPool CPOOL Staking Launch – Step-by-step guide – Go to https://app.clearpool.finance/native-staking – Connect your wallet. Currently, Clearpool supports MetaMask and WalletConnect – Prepare the amount of CPOOL tokens you would like to stake and ensure adequate gas fee tokens (ETH) in your wallet – Select an Oracle (you can stake to multiple Oracles) – Enter the amount of CPOOL you would like to stake – Approve the amount and execute the transaction in your wallet interface – Staking rewards are calculated and distributed at the end of each epoch (every 2 weeks). You can un-stake at any time but will not earn any rewards from the epoch in which you un-stake. – Rewards can be claimed at any time after being distributed. ClearPool CPOOL Staking Launch, They’ve compiled everything you need to know about Clearpool Oracles and CPOOL staking in this article. Please read Staking and Oracles in docs for more information. Clear...

Orbs pioneers the concept of  L3 infrastructure , by utilizing Orbs’ decentralized network to enhance the capabilities of existing EVM smart contracts. Using Orbs validators as decentralized bidders. The project is introducing a new decentralized TWAP (Time Weighted Average Price) protocol for DEX/AMMs. It allows advanced time-spread trades to be executed on these platforms in a decentralized manner. Intro to TWAP & Use-cases TWAP (Time-Weighted Average Price) is common algorithmic trading. Executing strategy in CeFi that seeks to minimize a large order’s impact on the market. Dividing it into a number of smaller trades. Executing these trades at regular intervals over a specified period of time. There are two primary benefits of utilizing TWAP trading strategies. 1. Price Impact Reduction TWAP strategies reduce the impact of an order on the general market price. One scenario where price impact causes significant losses to traders is with large orders. Nonetheless, even sm...