After undergoing a sharp correction, bulls managed to hold Bitcoin price above $50,000, and it is trading at $55,902. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,705.
Let’s find out some interesting crypto news in detail.
Bondly Finance partnered with Polygon (previously Matic) to unite fast and environment-friendly NFTs. Polygon is an easy-to-use platform for Ethereum scaling and infrastructure development with low gas fees. With this coalition, Bondly will get access to the Ethereum mainchain combined with the low-fee environment of Layer 2 technologies. Further, this will help to buy and sell NFTs with minimal transaction fees and near-instant confirmations. In addition, this integration would attract non-crypto native users with its low-cost NFT minting, swapping, and selling of digital collectibles. Besides this, Polygon holders can also farm exclusive NFTs on the SuperFarm platform. Both platforms will set up a fund to offset the carbon footprint of the NFT minting process.
Oddz Protocol collaborated with MahaDAO to simplify futures and options trading. MahaDAO is a community-oriented decentralized organization that aims to shield the purchasing power of users through its value coin, ARTH. As per the tweet, Oddz Protocol would facilitate futures and options trading for MAHA and ARTH users. Further, to secure adequate liquidity of the MahaDAO tokens, its users can utilize Oddz’s AMM liquidity pool. In addition, ODDZ users will gain access to MahaDAO’s ecosystem while Oddz Protocol would execute a platform for MahaDAO users to maximize the returns.
Litentry partnered with Bondly Finance to verify Ethereum accounts with Twitter accounts. Moreover, Litentry is a cross-chain identity aggregation protocol that provides a secure medium to maintain identities and dApps. The Litentry team has plans to launch a new crypto identity and social network product named My Crypto Profile. This will allow users to connect their Ethereum accounts with Twitter and get verified in an automatic and transparent way. Hence, with this integration, owners of NFTs can link their digital assets and claim ownership over these NFTs on Twitter. Along with this, it will also help safeguard them from malicious users. Additionally, this platform will integrate with the Litentry blockchain in the near future to implement a complete decentralized verification service.
Mettalex Joins Orion Network As Broker to Empower Decentralized Commodity Derivatives & Exotics Trading
In the last bit of crypto news for today, we have Mettalex announcing it is becoming a broker on the Orion Network. Moreover, Mettalex is a decentralized exchange centered with commodity derivatives, crypto spreads, real-world indices, Forex, and other unique DeFi markets. Hence, this integration as a broker will enhance the Orion ecosystem with improved cross-chain liquidity for commodity derivatives and exotics. Collaboratively, the team would facilitate an extra secure, flexible, and user-friendly experience for the growing DeFi space. This will attract a larger user base and gives them exposure to novel DeFi markets direct from the Orion Terminal. In addition, the native token of Mettalex, named MTLX, will be available on Orion Terminal for trading. Furthermore, to expedite user growth and accessibility of Mettalex, Orion Protocol will contribute extra revenue through transaction fees.
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