🦎🚀 The House of Mouse is taking over web3 🐭

Wednesday, November 15, 2023

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Disney Pinnacle

Entertainment giant Disney is set to collaborate with Dapper Labs, the creator of NBA Top Shot, to launch an NFT collectibles platform called Disney Pinnacle.

This platform will feature digital collectibles inspired by the physical pins that Disney sells at its theme parks. These digital pins, based on Disney, Pixar, and Star Wars characters and properties, will be minted as NFTs on the Flow blockchain, the same network used for NBA Top Shot and NFL All Day.

In today's news, we have updates on dYdX, a huge Series E raise, and a roller coaster ride in the realm of memecoins.

Read on!

24h Hot Searches Worldwide 🔥

Celestia (+13.8%)
Moons (+131.7%)
Bonk (+36.1%)
Beldex (+6.4%)
Memecoin (+12.1%)
DeXe (+11.3%)
dYdX (+19.3%)

Top Layer-1 Blockchains

The top 10 L1 blockchains have 9.6 times more TVL than the top 10 L2 blockchains. Even though L1s have seen smaller growth in terms of TVL compared to L2s, the total value locked (TVL) in the top L1s significantly surpasses the TVL of the top L2s.

This underscores that TVL remains predominantly concentrated on L1s and suggests that L2s still have substantial ground to cover in this respect.

WhiteBIT Exchange Birthday Activities Have Begun!

The WhiteBIT crypto exchange celebrates its 5th anniversary, but it is the users who will get presents. During the whole month, the exchange will hold 3 epic activities with a total prize pool of 60,000 USDT. Whether you're a newbie or a seasoned trader, WhiteBIT has activities for everyone. Tap to find out more and join the celebration now!

Learn more

We're always asked to "keep our seed phrase safe"... but how, exactly? Watch this video to find out!

Watch now!

$110M In Funding

Cryptocurrency platform Blockchain.com has disclosed a successful Series E funding round, securing $110 million.

The funding was led by Kingsway Capital, with notable participation from Baillie Gifford, Lakestar, LSVP, and Coinbase Ventures.

Decrypt

dYdX Updates

The standalone Cosmos-based Layer 1 dYdX Chain has transitioned to its beta mainnet stage, allowing active trading to commence after a significant governance vote.

Additionally, dYdX Chain has collaborated with Circle, a stablecoin issuer, and the Cosmos application-specific blockchain Noble. This partnership facilitates the movement of USDC to the dYdX Chain using Circle's Cross Chain Transfer Protocol (CCTP), which is set to launch soon on Noble's mainnet.

The Block

Memecoin Rollercoaster

The Moons crypto token associated with Reddit's r/cryptocurrency community has experienced a significant surge of over 130% after community moderators provided an update about a "plan forward" for the token, including the imposition of a hard cap on the supply.

Meanwhile, the GROK meme coin (not affiliated with Elon Musk's AI chatbot but sharing a name,) plummeted to zero after being linked to a known scammer by blockchain analyst ZachXBT.

CoinDesk

What are Layer 3s and how do they enable scalability?