Serj🎩🐶🟧
@aurum
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⚡Lens Closes $31 Million Strategic Raise.
🌿Lens, the high-performance blockchain L2 network empowering decentralized consumer experiences, closed a $31 million strategic round led by Lightspeed Faction.
💲Additional participants in the round include Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Superscript, Re7, and Wintermute Ventures, as well as angel investors Rune Christensen, Aleksander Larsen, Anurag Arjun, Alex Gluchowski, Anton Bukov, Spencer Noon, Duncan Robinson and Illia Polosukhin.
This investment accelerates the expansion of Lens Network’s scaling infrastructure, supporting the emergence of a new paradigm: SocialFi. With Lens, developers can build any onchain use case, while its integrated Social Features make it uniquely suited for SocialFi applications.🚀 0 reply
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🖼️Pudgy Penguins Hit All-Time High Price as NFTs Rebound With Bitcoin Above $100K.
Prominent Ethereum NFT collection Pudgy Penguins has seen a more than 40%📈 price pump this week, notching a new all-time high of more than $62,000 amid a crypto rally that pushed Bitcoin above $100,000 for the first time late Wednesday.
🐧The collection, which consists of 8,888 penguin NFT profile pictures (PFPs), previously held an all-time high floor price of just more than $57,000 that it set in February 2024, according to data from NFT Price Floor. The floor price of a collection refers to the lowest asset price listed for sale on a secondary marketplace.
The swift flight higher for Penguins comes alongside a notable increase in floor prices for other top collections, sending prices higher for major collections like Bored Ape Yacht Club and CryptoPunks, which have risen 69% and 31% respectively. 0 reply
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✔️Nike-owned NFT wearables startup RTFKT is winding down.
RTFKT, the NFT project most known for its attempt at making “digital shoes” a thing, is shutting down, according to a statement on Monday. The project, acquired by athletic wear juggernaut Nike in 2021 for an undisclosed sum, plans to fully unwind by the end of January, though its Ethereum-based tokens will remain accessible.
⛔“Today, we're announcing the plan to wind down RTFKT operations,” RTFKT (pronounced “artifact”) said in a statement on X.
“To honor and preserve this pioneering legacy, we will be launching an updated website that showcases the groundbreaking work that defined the RTFKT journey.”
Launched in 2020 amid the beginnings of the mania around NFTs and the metaverse, RTFKT quickly garnered a reputation as a fast-moving startup. It spun up “drops” with brands, including Nike, and collaborated with the likes of sneaker designer Jeff Staple and Japanese artist Takashi Murakami.
It was a period of time when… 0 reply
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🖼️CryptoPunks lead November NFT rally with 47% floor price increase.
The floor price of CryptoPunks reached 37.68 ETH📈 on Monday, Nov. 25, its highest level since May. This marks a dramatic 47% increase from the 25.35 ETH floor recorded at the start of the month.
The NFT market has seen a notable recovery in November, but CryptoPunks has been the standout performer. While the broader NFT market has been on an upswing, CryptoPunks’ performance far outshines other popular collections.
By comparison, BAYC, Milady Maker and Pudgy Penguins have gone up by 7%, 34% and 28%, respectively, in the same period. On average, these competing collections have seen their floor prices rise 34.5%, notably lagging behind CryptoPunks’ 47% surge. 0 reply
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💎TON Foundation launches Society DAO to drive decentralized governance and ecosystem growth.
The Open Network (TON) Foundation has launched a new governance model, Society DAO, aimed at fostering a more decentralized ecosystem.
Society DAO wants community members to take an active role in decision-making, resource allocation, and project management, with a goal to enhance autonomy and growth within the TON ecosystem, according to the TON Foundation blog.
The goal is to create a more decentralized governance model instead of having a centralized foundation that can create a single point of failure.
"TON Foundation is advancing a community model that redistributes resource allocation power back to the community.
Under this approach, respected and proven community members are empowered to coordinate vision, goals, and strategies, collectively determining resource allocation in alignment with TON's overall growth," said President of the TON Foundation Steve Yun and Ton Society co-founder Jack Booth in a… 0 reply
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⚡Kraken plans 'Ink' Ethereum Layer 2 launch in 2025 built using the OP Stack.
Kraken is planning to launch its own Ethereum Layer 2 blockchain called Ink early next year in partnership with Optimism, following the lead of rival crypto exchange Coinbase.
Confirming initial reports from November 2023, Ink is expected to debut its testnet later this year, with a full mainnet launch anticipated in the first quarter of 2025.
It is designed to offer permissionless access to DeFi applications, including trading, lending and borrowing services, according to a statement on Thursday.
Ink will join the broader Ethereum ecosystem as part of the Superchain—a network of interoperable Layer 2 blockchains built using Optimism's OP Stack, which enables seamless communication and scalability across networks.
Projects including OP Mainnet itself, Base, Zora and Worldcoin have already deployed Layer 2s on the Superchain, with the decentralized exchange Uniswap unveiling its own Unichain optimistic rollup plans earl… 0 reply
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💰'Network State' project Praxis secures $525 million to build crypto-friendly city.
Praxis, the ambitious project that bills itself as the world’s first "Network State," announced on Tuesday it secured $525 million to finance the building of a tech-forward city that will support the development of crypto, artificial intelligence, energy and biotech.
"With this capital, Praxis can execute its vision of building the next great city," the project said in a statement. "The city will be designed to attract entrepreneurs and foster breakthroughs in AI, crypto, biotech, energy, and advanced manufacturing ... The culture of the city will promote the traditional values of Western Civilization."
Praxis, helmed by 28-year-old cofounder Dryden Brown, provided a long list of new investors, including Arch Lending, GEM Digital, Manifold Trading, and angels like Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern. The project has previously raised money from Paradigm, Alameda Research and Three Arrow… 0 reply
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🔵Base becomes largest Ethereum rollup by total value locked, surpassing Arbitrum.
Base, a Layer 2 Ethereum network developed by Coinbase, has now become the largest rollup in terms of total value locked.
Base has a TVL of $2.49 billion distributed across 366 protocols, slightly surpassing Arbitrum’s TVL of $2.39 billion, data from DeFiLlama shows. A large portion of Base’s TVL comes from the decentralized exchange Aerodrome, which accounts for over $1.3 billion in deposits.
Moreover, Base now ranks among the top five blockchain networks in terms of TVL, positioned just behind Layer 1 chains such as Ethereum, Tron, Solana, and BNB Chain.
Base functions as an optimistic rollup utilizing the OP Stack. This Layer 2 solution processes transactions off the main Ethereum blockchain and periodically commits data back to it. 0 reply
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💎TON-based projects Notcoin and Dogs to collectively burn $4 million in tokens.
Telegram-based gaming pioneer Notcoin and the memecoin project Dogs Community announced that they collectively will burn $4 million worth of tokens.
"Following a community vote, $DOGS and $NOT will burn tokens for a value of approximately $4 million," according to a statement.
🔥"This burn will permanently reduce the overall supply of tokens for both projects, while a sizable portion of the unclaimed $DOGS tokens will be donated to charitable causes, as decided by the community."
Notcoin's native NOT token, which has a market cap of over $800 million, was changing hands at $0.0078 as of 9:29 a.m. ET, according to The Block Price Page. The DOGS token has a market cap of roughly $370 million, according to CoinGecko.
🐶After a vote, the Dogs Community decided to "burn 4.8 billion tokens while donating about six billion unclaimed tokens to charitable causes selected by the community." That would mean at current prices,… 0 reply
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