Time flies in the cryptocurrency market, and altcoin projects are constantly renewing and improving themselves to keep up. We have compiled important last-minute developments for the projects for our readers.
Hot developments for altcoin projects…
Avalanche will get 50 million more users
Avalanche, a Tier-1 smart contract blockchain, announced in a recent tweet that India’s largest esports streaming platform Loco launched LegendsByLoco, an NFT marketplace for esports fans worldwide. announced that it will include its user in Avalanche. The Indian streaming industry pioneer will increase Avalanche’s rapidly expanding presence in Asia by launching a subnet and participating in the Avalanche multiverse incentive program.
Loco, the LARGEST eSports streaming platform in India, brings its 50+ million users to #Avalanche with the launch of @LegendsByLoco, an NFT marketplace for esports fans worldwide.
Loco Legends aims to revolutionize fantasy games on Subnets. @GetLocoNow #ChoseAvalanche pic.twitter.com/Q8i74Kh8jR
— Avalanche 🔺 (@avalancheavax) February 21, 2023
Vega Protocol completes first main-net simulation
Vega Protocol, a decentralized network designed to create derivatives markets for various crypto-assets, has just completed its first main-net simulation. This is an important milestone for Vega, which aims to put control of markets, products and fees into the hands of its community.
Open Network launches Ton.Vote governance platform
Open Network, a decentralized Layer-1 Blockchain, recently made its governance platform Ton.Vote public. The platform enables token holders to participate in decision-making processes across the entire network using the native token TON.
Sequoia leads $6 million in funding for TipLink
TipLink, a crypto payment platform built on Solana Blockchain, has raised $6 million in a seed funding round. TipLink said on Tuesday that Sequoia Capital and Multicoin Capital are co-directing the round with participation from Solana Ventures, Circle Ventures, Paxos and others. Angel investors also supported, including Vinny Lingham and Sarah Guo.
Filecoin explodes 70% with groundbreaking update news
As a reminder of the protocol’s plans, independent journalist Colin Wu, known on Twitter as Wu Blockchain, reiterated the planned launch of the Filecoin Virtual Machine (FVM) at the end of March this year. According to Wu, the number of miners adopting Filecoin is increasing every second. The altcoin price continues to be among the best performing altcoin projects last week, with an increase of 78.29% to $8.54.
Filecoin announced that it will launch smart contracts in Mar'23, making it a fully-fledged L1. FIL rose by 23% in 24 hours. There are currently 3,785 active miners on the Filecoin network, storing 18.767 EiB of information, and staking 134,023,969 FIL.
— Wu Blockchain (@WuBlockchain) February 17, 2023
Ankr’s node hosting app is now available on Azure
The new application of Web3 infrastructure provider Ankr (ANKR) was made available on the Azure Marketplace on February 21 in collaboration with technology giant Microsoft. The app is a node hosting solution that integrates technologies from both companies. Ankr’s implementation uses Azure’s routing solutions to route Remote Procedure Calls (RPC) to the most suitable node, thus increasing scalability and optimization.
Decentraland completes biggest transaction ever
Market intelligence platform Santiment experienced one of the largest transactions of all time yesterday on its Decentraland (MANA) network. Santiment reported that approximately 256.31 million MANA were moved from a known whale address. The move is estimated to be worth about $190.2 million.
Cardano’s major upgrade is approaching
Cardano is set to deploy a new cryptographic primitive that will improve blockchain interoperability. The upcoming upgrade will make it easier for developers to build cross-chain apps in a safer ecosystem.
Whale activity rises in Cardano, Hex, Paxos and Sandbox
Santiment’s crypto analysts, famously known as ‘BrianQ’, have identified four altcoins currently experiencing significant whale activity. Analysts believe altcoin projects are potential targets for traders looking to make profits in the crypto market in March 2023. The four altcoins in BrianQ’s latest analysis include Cardano (ADA), Hex (HEX), Paxos Standard (USDP) and Sandbox (SAND).
VeChain launches crypto wallet
Blockchain platform VeChain, which focuses on enterprise solutions, recently launched its VeWorld wallet, and its native token VET is up more than 10%. VeChain has made significant progress in the blockchain and crypto space, especially in terms of developing real-world use cases for its technology. The launch of the VeWorld wallet is the latest example of this progress.
Shiba Inu-themed Welly opens new store in Sannazzaro
cryptocoin.com As we reported, Welly’s, a Shiba Inu-themed fast-food burger joint, plans to open a new store in Sannazzaro, a commune in the Italian province of Benevento. A team member on the official Discord channel recently highlighted the development.
IOVLabs releases RIF migration protocol
IOVLabs, an organization focused on bringing Bitcoin (BTC) to the programmable finance ecosystem, shares an important update on its technical design. The new development RIF Flyover advances Bitcoin (BTC) transfers and makes them even more suitable for DeFi operations.
Superchain Network raises $4 million in funding
Superchain Network raised $4 million in a combined seed and pre-seed fundraising round to create a decentralized Blockchain data protocol. Venture capital firm Blockchain Capital led the seed round, and participants in the pre-seed round included Maven 11, KR1, Tokonomy, and Fansara.
