After recording one of the biggest crashes and printing a daily low of $30,006, Bitcoin is trading at $39,852. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,803.
Let’s find out some interesting crypto news for today.
1 – TomoChain Lab | Realio Network Partnership to Uplift DeFi liquidity Pools & Blockchain Operability
TomoChain Lab partnered with Realio Network to enhance DeFi liquidity pools and blockchain operability. With this coalition, Realio’s wallet and its ecosystem will integrate $TOMO. This would help TomoChain’s private equity or real estate projects to raise funds while getting listed on Realio. Users can further utilize the P2P option to buy and sell assets instantly, with little or no cost. Besides this, the TomoChain team will provide the necessary documentation and technical support to Realio. The team also has plans to list $RIO on TomoChain’s multi-chain liquidity protocol, LuaSwap, in the near future. Additionally, both teams will work together on interoperability and to fix Ethereum’s congestion and gas fee issues.
Crypto.com announced the listing of Cartesi (CTSI) on its application. With this listing, the Crypto.com app users can purchase CTSI with USD, EUR, GBP, and 20+ fiat currencies. Users can also utilize CTSI to spend at over 60 million merchants globally with their Crypto.com Visa Card. Cartesi offers a Layer 2 blockchain infrastructure that aims to bring mainstream software to smart contracts. Its optimistic roll-ups solve the scalability and high fees issues of smart contracts. In addition, to celebrate this listing, Crypto.com launched a CTSI exclusive campaign. Under this campaign, users can earn a lucrative share of the $100,000 prize pool for trading CTSI till 3rd June. As stated, the prize pool is awarded to 500 participants with the highest number of CTSI trade points until the end of this campaign period. Users can also win rewards by depositing CTSI and making a first purchase of CTSI.
Litentry collaborated with Tidal Finance to safeguard DeFi through insurance coverage for assets across chains. Tidal Finance is a platform that offers insurance of assets and blockchains against hacking and other unethical issues. While Litentry is a cross-chain identity aggregation protocol that connects identity computation across multiple networks. With this integration, Litentry would utilize the decentralized insurance model of Tidal Finance on its entire ecosystem. Further, this will safeguard users’ funds while adding another layer of security for the DeFi space. In turn, Tidal would utilize Litentry’s DID aggregation API and computational model to observe the on-chain behavior of insurance buyers and their risk profile. Impressively, this will prevent false submission attacks and streamline the reconciliation process.
Injective Protocol joins forces with Dvision to launch NFT futures contracts in the Metaverse. Division Network offers a real-time, streaming, 3D virtual reality platform. On this platform, users can design innovative NFT items without any expertise. Injective Protocol is a Layer 2 decentralized exchange protocol that offers a complete solution of decentralized derivatives and borderless DeFi without any restrictions. Nowadays, NFTs are booming and their demand is increasing rapidly. Besides this, users can take part in NFT prediction markets without holding them. Additionally, the team also has plans to launch a series of NFT index products and to create new derivatives.
In the last bit of crypto news for today, we have Wilder World partnering with 888 to receive investment for its NFT platform. 888 is a premier collector of exclusive and the world’s rarest NFTs. His collections include rare NFTs from global top artists such as Beeple Everydays, Bears by WhIsbBe, and more. Wilder World is an immersive 3D universe where each NFT art is a tradeable digital asset. This partnership helps to enhance Wilder World’s virtual reality space. Further, this will help creators and collectors worldwide to design game-ready NFT art with AR/VR applications. Additionally, artists can enjoy new innovative tools, which will entice more NFT users.
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by TomoChain and Cartesi. Copyright Altcoin Buzz Pte Ltd.