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Avalanche Submits Subnet Proposal for ApeCoin DAO’s Metaverse Migration

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Avalanche (AVAX) developers have asked the ApeCoin (APE) community to consider building out the Bored Ape Yacht Club (BAYC) metaverse as an Avalanche subnet. The BAYC metaverse, could benefit from Avalanche’s low-fee and high-speed network. Avalanche, a rival to the Ethereum blockchain, would additionally provide access to a $290 million incentive program to support development costs, the proposal added, as well as technical expertise and marketing support. The move represents the continuation of the trend covered by CoinDesk last week: Various base layers, or layer 1s, are actively courting one of the hottest projects in the non-fungible token (NFT) space following a painful metaverse launch on Ethereum in which investors reportedly lost more than $100 million in transaction fees. Yuga Labs, which created the BAYC and is and one of the teams behind Otherside, expressed its dismay at the time and encouraged ApeCoin holders to consider a new chain for the project. Subnets a... S...

What Is Beefy Finance (BIFI)? Everything You Should Know Before Investing In $BIFI

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Beefy Finance is a decentralized and multi-chain financial platform that is not confined to the blockchain network. It allows users to earn compound interest on their crypto holdings. Learn more about it right here! What Is Beefy Finance? Beefy Finance is a Decentralized, Multichain Yield Optimizer that is not confined to the blockchain network, allows users to earn compound interest on their token holdings. Beefy Finance helps maximize the users rewards from various Liquidity Pools, AMMs, etc... through a set of investment strategies enforced by Smart Contracts. For more detailed, Beefy Finance has committed to providing the greatest annual percentage yield (APYs) in an efficient and safe way. It automatically boosts user rewards from a variety of DeFi-based liquidity pools (LP) and automated market maker (AMM) applications. Most notable about Beefy Finance is its multichain integration, which has already partnered with ten different chains, including Binance Smart Chain... S...

How Platypus NFT Minting Work?

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Find out how Platypus’ minting process embodies their values where the number one priority is you. Welcome to the world of Platypus Heroes, where minting is transparent, fair, and safe for all users. Platypus Heroes are NFTs that upgrade users’ liquidity mining performance in Platypus Finance. How are they minted? How are their rarities distributed? We’re gonna walk you through the details of the novel NFT minting design that gives birth to our Heroes. Random On-Chain Generation of NFTs Random on-chain generation is not something you see every day. In fact, it’s pretty rare. Before we dive into the process and what it means to you, we’d like to lay the foundation that all Heroes are a combination of one skill and six randomly generated attributes: Accessories, Eyes, Mouth, Body, Skin, and Tail.  The generation is completely done on-chain to determine the appearance and score of a particular Hero. The strength of skill they’re born with is determined by the total score ... Sourc...

How To Get To CrystalVale On DeFi Kingdoms?

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If you are a DeFi Kingdoms player, one of the biggest questions you probably have is "How do I get Crystalvale? Actually, this place is for you. Let’s go through all steps with Avaxholic. What Is DeFi Kingdoms? DeFi Kingdoms is a world that lives on the Harmony and DFK Chain blockchains. This game features DEXs, liquidity pool opportunity, market of rare, utility-driven NFTs, and much more. JEWEL acts as the main token of value in this metaverse game, giving it utility above and beyond that of a regular coin. Read more to futher details: What Is DeFi Kingdoms (JEWEL)? Everything You Should Know Before Investing In $JEWEL What Is $CRYSTAL? With the expansion of DeFi Kingdoms, Crystalvale onto the DFK Chain, a new token to power that realm was needed. CRYSTAL fills the same roles that JEWEL does, but within Crystalvale. Click here for more information about Crystalvale. Here are its common utilities: Purchase and mint Hero NFTs.Swapped on the in-game DEX.Sta... Source :...

South Korean Police Request Exchanges Freeze LFG Related Funds

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Police in South Korea contacted the country’s leading exchanges to freeze any LFG related funds linked to the embattled Luna Foundation Guard. Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard.  On Monday, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds from being withdrawn. Specifically, the Seoul Metropolitan Police Agency asked to prohibit the Luna Foundation Guard from taking any action. The police claim that clues have been found that may link the organization to embezzlement. The Luna/Terra algorithmic stablecoin crash, which reduced the value of the coin by over 99%, crushed investor portfolios overnight earlier this month. However, this request is not a demand and is not enforceable by law. Each exchange can choose how they would like to respond, but it is not yet known how they will react. Several promine... Sour...

What Is ApeCoin (APE)? Everything You Should Know Before Investing In $APE

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You probably heard about Bored Ape Yacht Club (BAYC), one of the biggest NFTs. It attracted massive attention leading to investment, including Snoop Dog, Justin Bieber and Neymar Junior. The creators of those NFTs had an innovative idea for the owners of their collections, and BAYC investors receive free APE tokens. Let's find out the famous APE with Avaxholic. What Is ApeCoin (APE)? ApeCoin is a new coin in the metaverse, served as the governance and utility token of the BAYC - an NFT project of Yuga Labs. The Ape Token is an ERC-20 token, made cryptocurrency on the Ethereum blockchain. ApeCoin’s official token (APE) will act as the utility token for the APE ecosystem, focusing on strengthening the BAYC community. A utility token can be interpreted as a token that enables users to perform actions or initiatives on a certain network. Effectively, APE gives its participants a currency that can be used without any centralized intermediaries.  What Are ApeCoin’s Feat... Source...

What Is DeFi Kingdoms (JEWEL)? Everything You Should Know Before Investing In $JEWEL

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If you love the pixel-art style, you will probably love Defi Kingdoms. DeFi Kingdoms is a world that lives on the Harmony and DFK Chain blockchains. This game features DEXs, liquidity pool opportunity, market of rare utility-driven NFTs, and much more... Let's go through every creative feature of this project. What Is DeFi Kingdoms? DeFi Kingdoms, play-to-earn MMORPG built on a strong DeFi protocol. The game features DEXs, liquidity pool opportunities, and a market of rare, utility-driven NFTs, which all together create a beautiful, immersive online world in the incredibly nostalgic form of fantasy pixel art. DeFi Kingdoms lives on the Harmony and DFK Chain blockchains, and also a cross-chain game. Defi Kingdoms, one of the largest DeFi/GameFi projects in the cryptocurrency market, has just launched its Crystalvale expansion on its own Avalanche's subnet, the DFK chain. The launch was a great success and could indicate the growing importance of AVAX as a network. ... S...