After making an all-time high of $67,276, Bitcoin underwent a correction and is now trading at $63,904. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $4120.
Let’s explore some of today’s interesting crypto news.
Binance NFT is set to launch its first Initial Game Offering (IGO) with DeRace. DeRace is an NFT horse racing ecosystem. Users can earn lucrative rewards while creating their own NFT hippodrome. They can breed various NFT horses with unique characteristics.
This DeRace IGO will launch on the 26th of October. Users can join in this exclusive IGO by acquiring an NFT ticket to DeRace stables. Further, the user will get the option to exchange it with the DeRace NFT horse. For more information on this NFT IGO, follow the link below.
As we build a stronger #NFTGaming metaverse, we are thrilled to share our IGO launches feat. exclusive NFT assets from top gaming projects.
Stay tuned! More deets coming soon 👀 pic.twitter.com/yEI9s3i06z
— Binance NFT (@TheBinanceNFT) October 21, 2021
Bondly in collaboration with IO Global is creating a cross-chain bridge to connect the Cardano and Ethereum networks. Bondly Finance strives to be a leader of the NFT space by offering NFTs of leading artists, brands, and influencers.
With this bridge, NFT creators can swiftly move their NFTs from Ethereum blockchain to Cardano. NFT creators will enjoy an eco-friendly solution for their NFTs to combat Ethereum chain energy inefficiency.
Cardano offers predictable prices and stable transaction costs. This allows creators to mint or transfer NFTs at low transaction costs. Additionally, Bondly will design a special series of eco-friendly NFTs to celebrate the smart contracts launch on Cardano.
— Input Output Media (@IOHKMedia) October 21, 2021
Harmony has reached a major milestone by processing over 190 Million total transactions in volume. Harmony is a sharding platform designed to facilitate the creation and use of decentralized applications (dApps) and has a two-second finality.
The total value locked (TVL) on Harmony reached an all-time high of roughly $297 Million surpassing Bitcoin’s TVL. Notably, this rise in TVL is mostly due to the launch and growth of Harmony cross-chain bridges. After this news, Harmony also hit a new all-time high of $0.2625 which is over a 95% rise in the past 30 days.
.@harmonyprotocol GOAL ($297M+ TVL) is coming into fruition to drive UP TVL via bridge👏 Road to $1 BILLION is COMING 🚀 Harmony $BTC bridge going LIVE on 🎃 to bridge 70M+ #Bitcoin WALLETS across @CurveFinance ($18.18B TVL) + @AaveAave ($19.43B TVL) + @SushiSwap ($5.6B TVL) $ONE pic.twitter.com/4KVZbkOxbP
— kratos.crazy.one 💙 (@kratos_harmony) October 21, 2021
In the last bit of crypto news for today, we have AcknoLedger Initial Game Offering (IGO) launching its lottery on Anypad. AcknoLedger wants to be a global consortium to monetize and distribute Web 3.0 digital assets across all the metaverses and gaming NFTs.
According to the announcement, the initial IGO price of $ACK is $0.10 per token. The team has allocated $5000 worth of Acknoledger tokens. In order to participate in this lottery, users should hold a minimum of at least 1,000 $APAD. A group of 50 Anypad token holders will receive $100 worth of $ACK each. In addition, 33.33% of tokens unlock at TGE, the remaining 33.33% will unlock each month in the coming two months. Users can join this competition through this link.
HERE WE GO AGAIN … 🔥🔥🔥
Acknoledger is giving $100 in Initial Gaming Offering to 50 users with minimum 1k $APAD Token holdings
📣Join the competition here: https://t.co/FCUq0x4qpB
Stay Connected! 🤝 pic.twitter.com/n51RFvwDTL
— AcknoLedger (@acknoledger) October 21, 2021
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