Bitcoin is rushing back to 58k, while Ethereum is trading around $4,400. Though the Fear & Greed Index is signaling Fear in the crypto market.
Here is your top crypto news for the day.
1) Harmony to Set Foot in Africa
Harmony approves funding for Harmony’s Africa DAO. It aims to strengthen the Harmony ecosystem in Africa.
The true value of blockchain is often compared to the speculative nature of crypto. But blockchain technology can play a major role in Digital Identity, Transparent Governance, and better Data Management. In other words, Harmony DAO aims to bring the blockchain into the mainstream.
It tries to achieve this mandate by means of:
- Improving technical understanding of Harmony among African developers
- Technical and non-technical training
2 Public influence
and above all,
3 Tech for good
- Remittances across borders
- NFT campaign for biodiversity conservation
The Harmony Africa DAO has been approved 💙@harmonyprotocol will be funding the ambitious & talented team leading @OneAfricaDao whose mission includes educating, public influence, tech wellness & conferences!
— Harmony 💙 (@harmonyprotocol) November 24, 2021
2) Kava Protocol Welcomes Formation Fi
Formation Fi partners with the Kava ecosystem. It aims to expand into the world’s largest financial applications.
Formation Fi is a yield farming platform on the Ethereum blockchain.
It is integrating the risk parity strategy into De-Fi space. Basically distributing the risk across uncorrelated crypto assets. In addition, Formation Fi is also chain-agnostic and community-oriented.
— Formation.Fi 🐎 (@FormationFi) November 25, 2021
The protocol can speed up its development thanks to the $185 million Ignition Fund of Kava.
A quick thread about the launch of the $185M Kava Ecosystem Ignition Fund 🧵 pic.twitter.com/D2bBylOM6y
— The Kava Platform (@kava_platform) October 4, 2021
Ignition Fund supports the growth of secure and scalable DeFi projects. Also, the fund also has a special focus on user experience.
3) Unbound NFT Airdrop
Unbound Finance and Coinmarketcap are launching NFT airdrops. You can complete some tasks in the campaign to win exclusive Unbound Super Hero NFTs.
Unbound is the first-ever, debt-free Liquidity Provisioning System. And it has a dual token economy. Where $UND is the stable coin and $UNB is the governance token.
Our Unbound SuperHero NFT Airdrop Campaign on @CoinMarketCap is LIVE. Participate in this campaign to win exclusive Unbound SuperHero NFTs!
We are thrilled to observe that 4 MILLION Users have added us to the watchlist👀!
We hear you! Stay tuned!!!https://t.co/avKAbTWAo8
— Unbound (@unboundfinance) November 25, 2021
Unbound partnered with Avalanche last month. Since then, Unbound is gaining lots of attention from the crypto community. Also, around 4 million Coinmarketcap users have added Unbound to their watchlists.
4) Acknoledger Will Index SolChicks Metaverse
Acknoledger is collaborating with Sol Chicks. Acknoledger will map and index NFTs in SolChicks’ ecosystem. This will help SolChicks users to easily identify and trade in-game NFTs.
🤝 We are glad to announce our collaboration with @SolChicksNFT
🔥 This collaboration is to map and index #NFTs in Solchicks Ecosystem to simplify complex NFT search for providing seamless experience to Solchicks users.#GatewayToMetaverse #Metaverse #Collaboration pic.twitter.com/8ajtEKVLvQ
— AcknoLedger (@acknoledger) November 25, 2021
SolChicks is a play-to-earn fantasy game on the Solana blockchain.
It has many gaming features like breeding, farming etc. Above all, SolChicks also has an in-game marketplace. And it allows for team formation known as SolChicks Gangs.
In addition, SolChicks has a metaverse and NFTs are the ticket to participate in gameplay. While there are only 10,000 SolChicks NFTs.
Solana gaming is picking up. Additionally, the gameplay resembles that of Axie Infinity.
SolChicks is also launching on 25+ launchpads and has more than 130K followers on Twitter.
In conclusion, the IDO will happen on November 26. And the native token $CHICKS has a total supply of 10 billion.
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Above all, For more crypto news, check out the Altcoin Buzz YouTube channel.