At the time of press, Bitcoin is trading at $58,512. As BTC is struggling to break the resistance of $60,000, top altcoins are moving to new all-time highs and showing bullish momentum. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,817.
Let’s find out some interesting crypto news in detail.
DAO Maker | Fantom Partnership To Expand Cross-Chain Swaps & SHO Projects
DAO Maker has partnered with Fantom to expand its accessibility among different blockchains. This partnership will empower $DAO to expand their assets to Fantom Opera and Binance Smart Chain via Multichain.xyz. Fantom is a fast, secure, and scalable, Layer 1 platform, which makes it ideal for DeFi applications and real-world uses. In addition, the teams building on Fantom can raise funds through DAO Makers Strong Holder Offering. Moreover, Strong Holder Offering is a fundraising service that uses chain analysis, exclusive data sets, and evaluation parameters to identify which applicants are the best fit for a project. Additionally, the DAO Maker community would also get access to SHO projects that will launch on Fantom.
Fuse Network | Unstoppable Domains Collaboration for Decentralization of Fuse Website
Fuse Network collaborated with Unstoppable Domains to decentralize the Fuse platform website. Unstoppable Domains is a platform that connects a human-readable domain to a blockchain address or a piece of content on the Interplanetary File System (IPFS). With this coalition, users can access the Unstoppable extension on their Chrome browser to browse the Fuse website on IPFS. Further, this will allow Fuse to operate the IPFS version of the official website utilizing the Unstoppable Domains registry on Ethereum. Additionally, the team also has plans to reinforce the adoption of payments on Fuse among non-crypto-savvy users by integrating Fuse wallet with these domains.
Travala Taps Expedia To Become First Blockchain-Based OTA To Provide Travel Packages Globally
Travala joined forces with Expedia to expand its blockchain-based travel products worldwide. With this alliance, Travala.com becomes the first blockchain-based online travel agency (OTA) to offer travel packages (flights, stays, and activities) booking through its native cryptocurrency, AVA. Further, users get access to exclusive deals, seasonal offers, and promotions. This crypto-friendly website provides an elegant experience to users by their advanced room images and provides lucrative deals with discounted rooms up to 70% in some cases. Moreover, users can utilize AVA and other crypto-assets for payments, receive loyalty rewards, discounts, and more. This will benefit users with a world-class experience in travel and accommodation booking.
DAFI Protocol Joins Hands With API3 To Empower Smart Contracts in Dafi’s Ecosystem
DAFI Protocol partnered with API3 to create secure synthetic dTokens. Moreover, DAFI enables blockchain, cryptocurrency, or applications to create their own version of dTokens and to reward their early users. With this amalgamation, the synthetic dToken built on DAFI will operate in a reliable and efficient manner. Further, the team will implement API3’s decentralized oracle and API services to obtain external price feeds for supported tokens. Additionally, API3 would provide trustless, robust, and secure real-world data-feeds to smart contracts in Dafi’s ecosystem.
Band Protocol Teams up With Polygon To Boost DeFi, NFT, and Gaming dApps
In the last bit of crypto news for today, we have Band Protocol partnering with Polygon (previously Matic) to integrate decentralized oracles for DeFi, NFT, and gaming dApps. Band Protocol joins real-world data and APIs with smart contracts through its cross-chain data oracle platform. This integration empowers security, usability, and access to any external data needs. Further, Polygon developers can utilize Band’s high-performance oracles to safeguard their decentralized applications. Effectively, developers can connect any external data source on the open internet to design custom decentralized oracles. Additionally, this will provide access of over 150 price feeds covering crypto-assets, commodities, and foreign exchanges into the dApps.
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I hadn’t heard anything about Travala and Expedia partnering up, so this is a very intruiguing development. I’ll definitely be be keeping updated on this @travalacom.