Author Archives: theblock.co

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…]

Move-to-earn fitness app Stepn has denied reports that it has laid off staff. Earlier this week, reports from South China Morning Post and Wu Blockchain suggested the company laid off over 100 contract workers including community moderators and ambassadors. On Tuesday a spokesperson for the company told news outlet Decrypt that the claims were baseless and factually[Read more…]

Neel Somani, a former Terra developer, raised $15 million for his Solana-based cross-chain modular rollup startup, Eclipse, becoming one of the few to come out of the sunken TerraUSD stablecoin ecosystem with funding.  Somani formerly worked on Terranova, an Ethereum Virtual Machine (EVM) project designed to connect the TerraUSD stablecoin ecosystem to Ethereum. However, when the[Read more…]

A series of hacks has put October in the lead for the most crypto funds stolen in a month, according to new data from Chainalysis. This year is on pace to be the biggest for hacks so far, and now October is leading the charge for the top month, the blockchain analytics firm said. Chainalysis reports[Read more…]

OpenSea has added support for Avalanche, bringing the total number of supported blockchains on OpenSea to seven. Users can now display, list and trade their Avalanche-based NFTs on OpenSea, the platform tweeted. New collections to join the marketplace include Chikn, TapTapKaboom, The Stoics, Castle Crush and Open Blox, with more collections expected to be onboarded soon. [Read more…]

Popular Solana NFT project DeGods has switched to a 0% royalty model, meaning it will no longer earn royalties on the sales of its NFTs. DeGods said that while it still believed that royalties are an “incredible use case” for NFTs and that it will support creators that want to find solutions to enforce them,[Read more…]

UK investment firm Abrdn is taking another major leap into the digital asset space by partnering with enterprise network Hedera.  The asset manager, which oversees $579 billion in assets, will join the likes of Google, FIS, Standard Bank and Nomura on the Hedera Governing Council.  “We’re really long-term investors,” said Duncan Moir, senior investment manager[Read more…]

Solana is back online following an outage on Friday night caused by a misconfigured node that stopped the blockchain from processing transactions. A validator appeared to be running a duplicate validator instance, meaning that instead of the validator producing a single block, each instance produced one each. “Not an issue in itself and something the[Read more…]

Solana’s NFT space saw a surge in minting this month despite NFT market volumes  showing little improvement following the crash earlier this year. SudoAMM has conducted $50 million in trading since its launch, proving there’s a market for royalty-free NFT trading despite the controversy they generate. The most popular web3 game of September saw almost[Read more…]

Web3 firewall provider Blowfish emerged from stealth having announced the closure of an $11.8 million funding round led by Paradigm.  Other investors included Dragonfly Capital, Uniswap Lab Ventures, Hypersphere and 0xLabs, according to a company blog post.  Founded by a team of engineers from companies such as Meta, 0xLabs and MakerDAO, Blowfish provides firewall technology to[Read more…]