Welcome back to Altcoins at Glance. While we are waiting for Bitcoin to get past the $40,000 psychological resistance level, let us look at the other side of the crypto space. BTC might be king, but altcoins are also a major part of the digital assets industry. We also know that reading hundreds of news is tiring, so we have curated the most interesting topics for you.
Let us dive in.
Shiba Inu’s Shibarium Paves the Way for Altcoins to Empower Community
- Shiba Inu’s Shibarium introduces the “donate” feature that enables stakeholders to financially support non-profit validators.
- Users can donate directly and bypass third parties.
- Validators are important to a blockchain’s ecosystem since they contribute to the network’s security and efficiency. They earn rewards proportional to their stake.
- Shibarium has 12 validators. The top 5 are ShibArmy America, Unification, ShibArmy Europe, Ryoshi Labs, and ShibArmy Asia. The minimum amount staked is 10,000 BONE tokens, a Shibarium native token.
- More than 21 million BONES are currently staked, worth around $13 million.
- This new feature is expected to help further secure the network.
Nike x RTFKT
- Athletic apparel company Nike and digital luxury brand label RTFKT collaborated to release the RTFKT x Nike Dunk Genesis sneakers NFT in 2022.
- It has been announced that the real-life version is now available for pre-order. (According to the RTFKT site, the online release has ended).
- The Nike x RTFKT Dunk Genesis collection is a new way of offering apparel with futuristic design and NFT integration
- Enthusiasts can get the Ghost and VOID editions even without RTFKT NFTs.
Pro-XRP Lawyer Hogan Challenges Hoskinson to Prove Cardano is Not a Security
- Jeremy Hogan is a legal expert and popular defender of XRP. He is known for his commentaries on social media.
- Charles Hoskinson is the founder of Cardano (ADA).
- In the recent SEC crackdown against exchanges and labeling Altcoins like Cardano as securities, Hogan urged Hoskinson to participate in the legal battle and prove that ADA is wrongfully labeled as an unregistered security.
- Charles Hoskinson has refrained from addressing XRP-related topics because of a bad history with the XRP community.
Circle Introduces Bridged USDC Standard
- Circle introduces the Bridged USDC Standard, to streamline the process of deploying its stablecoin on a new network.
- This new standard makes it easier for users to use USDC on any blockchain.
- The new standard allows anyone to create a new version of USDC on a new blockchain without waiting for Circle to approve it. This works by locking the corresponding USDC on one blockchain and creating an equal amount on the new network. A smart contract enforces the rules and security.
- Bridged USDC is not issued or redeemable by Circle, but it serves as a proxy to USDC that’s extensible to any ecosystem where bridging is possible.
- Circle’s new USDC bridge standard helps save time and transaction fees by eliminating swaps when transferring to a new network. This could make USDC a universal digital currency.
Aptos Labs Partners with READYgg
- READYgg partners with Aptos Labs to attract millions of web2 gamers to web3.
- Aptos labs behind the Aptos layer 1 blockchain that supports web3 games.
- READYgg is a web3 gaming company with more than 2000 games in its library and more than 200 million monthly active users. It also supports web2 game developers to migrate to web3 by providing tools.
- Developers and publishers can receive funding through the READYgg $RDYX gaming token.
- Web3 game titles include Runestone Keeper, Minijuegos, and ToroFun. Each game will have its own NFTs.
Thank you for reading. See you next week.
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