Author Archives: theblock.co

After several tumultuous months out of ministerial office, Rishi Sunak’s coronation as the UK’s next prime minister could mean that plans to make the country friendlier to crypto could be back on the cards.  Sunak won the backing of Conservative politicians to lead the party after his rivals dropped out. He will become the UK’s[Read more…]

The price of Aptos (APT) has increased more than 30% over the past 24 hours, according to data from CoinGecko, after significant post-listing price drops occurred across major cryptocurrency exchanges — including Binance, FTX and OKX. The Aptos price surge came after many short-hungry traders were liquidated — commonly known as a “short squeeze.” Funding[Read more…]

Former chancellor Rishi Sunak has taken an early lead in the race to become the UK Conservative Party leader and the country’s next prime minister.  The contest, which comes amid a prolonged period of political uncertainty in the country, could end as soon as Monday. Sunak has already secured the backing of at least 100[Read more…]

Plaid — a company most known for providing open banking APIs — has launched Wallet Onboard its first web3 product and the first of a series of forthcoming products aimed at developers in the crypto space, according to a release Thursday.  “This is the start of Plaid’s journey of bridging web two and web three worlds,”[Read more…]

Solana’s largest NFT marketplace Magic Eden announced last week a switch to an optional royalty model, a move that means those buying or selling NFTs may choose what percentage cut of the sale is returned to the original artist. The reaction was swift and predictable. One NFT artist called it a “sad day for Solana.” Broccoli DAO, a[Read more…]

Arcade2Earn, a play-to-earn gaming platform built on the Solana blockchain, has raised $3.2 million in a seed funding round led by Crypto.com Capital. Other investors included Solana Ventures, Shima Capital, KuCoin Labs and GSR, Arcade announced. The funding was realized via a simple agreement for future tokens (SAFT), Arcade co-founder Jaleel Menifee told The Block. The company’s[Read more…]

At the start of the year, SolChicks was flying high. The crypto-powered, play-to-earn game — which stars a cast of 10,000 cartoon chicks in an array of costumes — was one of the hottest prospects to have been built on the Solana blockchain. Through a sale of its chicks tokens in November 2021, the game’s[Read more…]

Aptos, a new Layer 1 network, has launched its mainnet. Solana developers have been frustrated on its network, and are exploring moving over to Aptos, which is one of the most anticipated Layer 1 launches. The blockchain, founded by former Meta employees, has also attracted the attention of FTX Ventures, which led a $150 million raise for Aptos in[Read more…]

Aptos, a new Layer 1 network, has launched its mainnet. Solana developers have been frustrated on its network, and are exploring moving over to Aptos, which is one of the most anticipated Layer 1 launches. The blockchain, founded by former Meta employees, has also attracted the attention of FTX Ventures, which led a $150 million raise for Aptos in[Read more…]

Magic Eden, the biggest NFT marketplace on Solana, said that users will now be able to decide how much they wish to pay as royalties to creators when purchasing items from the website. “The decision on how much royalties to pay will be passed to the buyer,” the company said on Friday, adding: “By default, ALL collections/listings[Read more…]