DeFi

Blockchain firm Enjin announced the launch of Efinity, the first parachain on the Polkadot network dedicated to non-fungible tokens (NFTs) and gaming. In the works since last summer, the Efinity parachain is courting games on existing smart-contract blockchains. Efinity’s ecosystem is set to be home to over 100 blockchain-based games and applications, the first of…

Aleo, the first decentralized, open-source platform to enable fully private and programmable applications, provides users access to a world of truly personalized web services without giving up control of their private data. As a blockchain that is private-by-default, open-source, and built for the web, Aleo is uniquely positioned to address the shortcomings of blockchain adoption….

Web3 needs to reframe around participation in terms of technology, architecture, design, and talent to achieve a decentralized internet, Nitin Gaur shares his opinion on Cointelegraph. Web3 is hailed as a technology paradigm that is fueled by the creator economy and is in the future, or rather, the next evolution of the internet. As we…

The Avalanche Foundation has launched a $290 million incentive program called Multiverse to promote its new “Subnet” functionality. The Subnets’ intended utility is to encourage the development of a vibrant ecosystem of “scalable app-specific blockchains.” The foundation wants Web3 builders to develop subnetworks using its technology. The Avalanche Foundation has established a $290 million fund…

Terra, the fast-growing DeFi tool kit built on Cosmos, is now officially the second-largest ecosystem in decentralized finance after the latest rise in the price of LUNA, Terra’s native token. According to DeFi Llama, Terra currently boasts total value locked (TVL) of over $23 billion, marking an all-time high in US dollar terms. This is…

Prominent developer Andre Cronje has quit the DeFi sector, according to an announcement today by his colleague Anton Nell, a senior solutions architect at the Fantom Foundation, who’s joining him in that decision without citing a reason. The price of YFI and other tokens where Cronje was involved plunged after reports of him leaving the…