Popular move-to-earn project STEPN integrates Apple Pay. Mangrove Polygon, a decentralized exchange, started on test-net. Strike integrates Tether’s USDT for payments. And the hot news from altcoin projects continues to come.
Last minute developments for altcoin projects…
Namada makes grant agreement with Osmosis
The founders of privacy-focused Blockchain Namada are trying to forge closer ties with the Osmosis protocol by co-financing software “public goods” and airdropping the planned NAM token to OSMO investors. Namada co-founder Christopher Goes said the planned grant program will support Cosmos-based Osmosis and a number of privacy-centric research and development projects that benefit Namada, which has yet to be released. Namada will fund this effort, but noted that he is “hopeful” that Goes Osmosis will also contribute.
Interesting exit at EOS Foundation CEO
On the other hand, according to the founder of the EOS Network Foundation, EOS Network participants should consider taking legal action against major investor Block.one (B1) for “broken promises” about his investment in the ecosystem. Yves La Rose says legal action is one of two possible ways to hold B1 accountable for failing to make the $1 billion investment promised during the network’s initial token offering (ICO) in January 2018. The other option is a hard fork that would exclude the EOS tokens that B1 was holding in order to completely cut off its relationship with its former backer.
STEPN integrates Apple Pay
As Kriptokoin.com reported, Web3 move-to-earn game STEPN integrates payment service Apple Pay. With this integration, it will be possible to use fiat currency for in-app purchases. With this move, the altcoin project aims to make its app more widely accessible. The integration will allow users to link their credit cards to Apple Pay. Thus, it will allow them to purchase the NFT sneakers required for the game. With Apple Pay as a fiat payment method, users will no longer have to connect a crypto wallet to purchase in-game assets. This is a step that will increase the participation of new players in the ecosystem.
DEX Mangrove Polygon started on test-net
Mangrove, a decentralized exchange (DEX), went live on Polygon’s test-net with a programmable order book, the firm said on Monday. Paris-based Mangrove has raised nearly $10 million so far. It also enjoys support from trading and market-making powerhouses such as Wintermute and Cumberland. Meanwhile, the company noted that a main-net launch will take place at the beginning of next month.
Strike integrates Tether’s USDT for payments
Digital payments platform Strike has integrated USDT of the dollar-pegged stablecoin Tether into its platform. Accordingly, the integration aims to provide fast, secure and efficient payments for Strike users and further increase the use and adoption of USDT, according to a May 22 press release. Tether’s CTO, Paolo Ardoino, said this move shows stablecoins are increasingly accepted as a reliable digital payment solution.
Ripple cooperates with Fubon Bank
Ripple has been selected by the Hong Kong Monetary Authority (HKMA) to demonstrate a real estate asset tokenization solution as part of the inaugural e-HKD Pilot Program. The HKMA has taken a three-rail approach in its efforts to prepare for the potential rollout of e-HKD. Ripple, Fubon Financial Holding Co. Ltd. together with its partner Fubon Bank, a subsidiary of the company, will showcase use cases focusing on real estate asset tokenization and equity release using e-HKD.
Ontology joins forces with Alchemy Pay
Meanwhile, the famous blockchain network called Ontology has announced an exclusive collaboration with Alchemy Pay. Alchemy Pay is a payment solution company. Ontology provides decentralized data and identity related solutions. Thus, it focuses on providing security privacy and trust in the Web3 industry. With the current partnership, Ontology is trying to integrate the payment solution provider’s off and on-ramp solution.
Bloktopia, token burning voting ends
Metaverse coin Bloktopia has voted on how much of its total supply of tokens should be burned. The 40% token burn bid from the vote won by a wide margin. The altcoin project will share all the details about the burn and TXID later. This news caused a jump in altcoin price. The BLOCK price is up about 18% on a daily basis at press time.
https://twitter.com/bloktopia/status/1660616978690715648
Mina Protocol launches incentive test-net
Meanwhile, Mina Protocol, a Layer 1 Blockchain protocol focused on improving efficiency for running decentralized applications (dApps), recently announced the launch of Incentive Testnet known as Testworld Mission 2.0. This initiative provides validators with a valuable opportunity to test the Mina Blockchain. This will be a preparation for zkApp developers and users for the upcoming Hard Fork.
https://twitter.com/MinaProtocol/status/1659596504628183047
TON Foundation launches $25 million accelerator program
The Open Network (TON) announced that it has launched a $25 million fund for projects in its ecosystem. TON is the native token of the layer-1 Blockchain created by Telegram. Dubbed the “TON Accelerator Program,” the initiative will invest between $50,000 and $250,000 per project. It will also be accompanied by partnerships and mentorship from TON’s staff.
https://twitter.com/ton_blockchain/status/1660652193123389443
Gala Games to launch Web3 poker platform with PokerGO
GameFi project Gala Games announced that it has partnered with Las Vegas poker streaming platform PokerGO. Accordingly, the altcoin project will launch a new Web3 social poker game as part of the partnership. The name of the game will be PokerGO Play. In the game, users will have the opportunity to use real world rewards. In addition, he will have the opportunity to develop and upgrade his players. PokerGO is scheduled to start beta testing in June and the full version will be available later this year.
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