Top Crypto News: 09/09

Today, there has been several interesting developments in the crypto space. Bitcoin price has dropped by 1% and is trading at $46,489. Ethereum is also down by 3.1% over the last 24 hours and is trading at $3,461.

We’ll go through some of the top crypto news for today.

1 – Decentral Games Collaborates With Polygon to Improve Metaverse P2E Economy

Decentral Games, a community-owned metaverse casino ecosystem, revealed its collaboration with Polygon (formerly MATIC) to improve play-to-earn (P2E) games in the metaverse.

The partnership will solve challenges involving the scalability of the metaverse by eradicating lengthy maintenance duration and outages. As well as ensuring faster in-game transactions at lesser costs that are also carbon-neutral. Not to mention the partnership will enhance interoperability among Ethereum-based projects which will ensure improved movement of cross-chain assets and improved liquidity.

The gaming platform also plans to leverage its recent $5 million funding to “accelerate the course in developing the metaverse and play-to-earn economies.”

In addition, Polygon will stake and invest $DG tokens in Decentral Games. Due to joining Polygon Studios, the NFT and gaming arm of Polygon, Decentral Games looks to attain a higher level of scaling by integrating the proof-of-stake blockchain of Polygon.

2 – Fantom (FTM) Reaches New All-Time High (ATH)

Earlier today, Fantom (FTM) attained a new all-time (ATH) high of $1.92. It’s also expected that more buying pressure would lead to a higher price.

Analysis shows that Fantom (FTM) ricocheted off the $1.15 support level. This was after the token dropped by 38%. The bullish stimulus was enough to move $FTM to a new all-time high (ATH) of $1.92.

It’s important to note that Fantom (FTM) is reportedly a new DAG-based smart contract system focused on eliminating the scalability challenges of public distributed ledger technologies. The FTM token has a 24-hour trading volume of $1,56,863,496, as well as a circulating supply of 2.5 billion FTM coins and a total supply of 3.175 billion.

3 – ParaState Enters Partnership With ICON Foundation

ParaState, a substrate-centered development team, announced its latest partnership is with the ICON Foundation. The agreement allows ICON to attain Ethereum Virtual Machine (EVM) and Ethereum-flavored WebAssembly (eWASM) compatibility via a “…customized and novel Substrate-based side-chain.” The new blockchain is called ICE, which will serve as the ICON ecosystem’s new application hub.

Besides, ICON plans to utilize Substrate SDK in improving the “feature-set of an existing layer one blockchain protocol.” In addition to facilitating EVM compatibility, there are also plans to merget the ICON developer base with the Substrate community.

“We believe that the potential to grow this network is an exciting opportunity for ICONists, adding significant value to the overall ecosystem,” the post added.

The new project will also bring a change in the direction of ICON by differentiating product targeting, functionality, and the goals of the respective networks.

4 – DeFi Warrior Suggests Joint Liquidity Mining With Kyber Network

DeFi Warrior, a DeFi aand NFT P2E blockchain game, revealed that they’re suggesting combined liquidity mining with Kyber Network. The goal is to enhance liquidity for the $FIWA token on Binance Smart Chain (BSC) via the KyberDMM protocol.

“During the campaign period, liquidity providers who add liquidity (deposit tokens) on the eligible FIWA-USDT pool will receive LP tokens that can be staked on the Yield page for additional FIWA and KNC token rewards,” the post revealed.

There are also plans to give the first 500 FIWA product users the opportunity to get a fixed KNC reward on KyberDMM after they bring liquidity.

5 – AIOZ Network Announces Partnership With United Nations Development Program (UNDP)

AIOZ Network has partnered with the United Nations Development Programme (UNDP), the United Nation’s global development network.

AIOZ Network saw tremendous success as the best AI solution at the just concluded Vietnam “HACK CO VY 2021” Hackathon. The event was organized by the UNDP in Vietnam, the Hanoi Youth Union, and AngelHack. AIOZ won the competition with the BettleBot initiative.

The Beetlebot project is a robot that helps medical professionals who are in quarantine. The robot delivers “medicine, medical supplies, and food as well as spraying disinfectant.” Additionally, it also can be used to monitor social distancing as well as detect those not wearing a mask.

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