⚖️ Gemini and Genesis Global Capital are petitioning a U.S. court to dismiss an SEC lawsuit that alleges the sale of unregistered securities through Gemini's Earn program.
🌐 The Fantom blockchain will offer a 15% rebate on gas fees to certain projects in an effort to stimulate demand for block space under the recently approved “dApp Gas Monetization Program.”
🔻 Following the failure of its FTX investment, Singaporean sovereign wealth fund Temasek reduced the salaries of the staff involved, despite no misconduct found in an internal review.
📈🇹🇭 Gulf Binance, a partnership between Binance and Gulf Innova, secured a Thai digital asset operator license, paving the way for a regulated crypto exchange anticipated by year's end.
🔓 Ahead of a $130 million unlock, Avalanche's native AVAX token remains steady, with over 9.3 million tokens set for distribution.
💤 An Ethereum wallet holding 8,000 ETH (about $15 million) purchased during the 2015 ICO became active after eight years of dormancy.
🔍 Despite ongoing uncertainty and no update about the project team's whereabouts, the token price of the cross-chain protocol Multichain experienced a 35% surge in the past 24 hours.
Today in Crypto Adoption...
🏙️ Beijing's authorities published a web3-focused white paper, aimed at promoting the development and innovation of the web3 industry.
🏁 Platinum Group, the official F1 ticket issuer, launched NFT race tickets with added perks, starting with the Monaco Grand Prix.
The $$$ Corner…
🧠 Orbofi AI, a leading web3 generative AI engine, secured $2.8 million in funding, aiming to empower user content creation and monetization.
Rebase tokens are smart contract-powered cryptocurrencies that use an algorithmic mechanism that automatically adjusts the token supply in accordance to changes in demand.
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Pretty interesting conclusions around roadmaps for NFT projects. Agree it's becoming an outdated narrative.
Maybe the broader conclusion is that NFTs are becoming more like a channel rather than a finite project.