Metaplex launches governance token MPLX for Solana NFT creators

    Metaplex, creator of the NFT protocol on Solana, is launching an MPLX governance token and will conduct an airdrop for NFT creators. Metaplex said it took a snapshot of eligible creators who created NFTs via Metaplex by August 24 and has removed of the airdrop hundreds of wallets “believed to belong to bad actors.” Metaplex…

    How crypto developers faked Solana’s DeFi ecosystem

    The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk. Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…

    Thousands of Solana wallets are targeted by the multi-million dollar hack

    The Solana ecosystem suffered the multimillion-dollar hack, with users reporting that their funds have been drained silently from major internet-connected “hot” wallets, including Phantom, Slope, and TrustWallet. So far, at least 8,000 wallets have been affected, with about $8 million lost, but the source of the attack remains unknown. On August 3 night, an unknown…

    Solana-based NFT protocol Cardinal raises $4.4 million funds in seed round

    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)….

    OpenSea unveils Solana NFT launchpad

    OpenSea, the most popular NFT marketplace, announced rolling out the Solana launchpad to allow creators to host a new mint from beginning to end on the NFT marketplace. The launch is part of OpenSea’s plans for a “multi-chain future” to enable access to NFTs across different blockchains. According to its blog post, OpenSea will guide…

    Polygon partners with Nothing, making a bet on Web3 phones

    Ethereum scaling solution Polygon has partnered with phone maker Nothing to bring Web3 tech to mobile users. The upcoming Nothing Phone (1) will integrate Polygon’s tech for easier mobile access to dApps, games, payments, and more. While Solana recently announced its Solana Mobile Stack (SMS) software initiative and Saga phone, Polygon revealed Wednesday its own…