Announcements

Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis on July 23 to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems. Simply put, this integration means it will be easy to transfer tokens between the two different blockchain ecosystems. Axelar Network will serve as the bridge infrastructure…

Web3 infrastructure provider Polygon announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is set to become the first Ethereum-compatible scaling solution that uses the so-called “zero-knowledge proofs.” Thus, Polygon zkEVM aims to outpace Visa’s transaction throughput. Polygon first teased zkEVM at EthCC Paris in July 2021 and says it is designed to…

Crypto exchange Crypto.com will allow users can have crypto transactions using the payment integration with Google Pay App. This announcement follows the recent integration of Apple Pay into its mobile app and website. Google Pay users are getting access to the crypto market as the global cryptocurrency wallet and exchange Crypto.com rolls out an in-app…

Solana-based protocol Cardinal has raised $4.4 million in seed funding. The project aims to improve the utility of NFTs via additional use cases like rentals. Cardinal, an infrastructure protocol based on the Solana blockchain, has raised $4.4 million in a seed funding round, aiming to use funds to improve the utility of non-fungible tokens (NFTs)….

Crypto exchange KuCoin has announced its investment from trading firm Susquehanna International Group (SIG) of around $10 million, with plans to collaborate in blockchain startup incubation and KCS & KCC ecosystem building.  According to a press release by KuCoin, it will use the funds to upgrade platform infrastructure and enrich the product lineup, preparing for…

On July 21, SushiSwap launched its crosschain DEX (decentralized exchange) XSwap. The protocol called the new feature the “first-ever” automated market maker (AMM) exchange enabling cross-chain swaps. SushiSwap (SUSHI) is trying to reverse its declining market share by enabling cross-chain swaps across seven major blockchains. According to an official blog post, XSwap allows traders to…