DeFi

Solana Labs is developing its own mobile phone titled “Saga,” an Android handset featured with Web3 dApps, integrated “Solana Pay” for QR-code payments, a mobile wallet, and a “seed vault” for private keys. According to Solana backers, the devices will cost around $1,000 and be available in early 2023. At an event in New York,…

MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…

With the emergence of decentralized finance (DeFi), NFTs that broadly represent financial ownership and rights, often dubbed “financial NFTs,” are showcasing exciting use cases of NFTs the space has never seen. Solv Protocol, a DeFi startup, is a platform for creating, managing, and trading financial NFTs, or Vouchers. “The most pressing problem in the emerging…

While the crypto market has lost $2 trillion in value since November 2021, the venture arm of the $22 billion hedge fund run by Steve Cohen, the man who inspired the “Billions” TV show, last week announced it had invested in its fifth crypto company, a decentralized finance firm that provides data and trade execution…

As the crypto economy has dropped lower in value against the US dollar, sliding to $1.2 trillion, the value of decentralized finance (DeFi) protocols and smart contract tokens has suffered a significant decline. Statistics show that the total value locked (TVL) in DeFi has dropped 7.96% since May 18, to roughly $104 billion, and the…

Cronos, the DeFi and Web3 gaming-focused blockchain network by Crypto.com, has launched the Cronos Accelerator Program aiming to help developers and builders accelerate the ecosystem’s growth. The Cronos Accelerator Program is funded by the $100 million Cronos Labs Ecosystem Fund to provide investments and guidance to early-stage blockchain projects. The Cronos Accelerator Program is funded…