#Arbitrum

Controversy Swirls Around $237 Million Arbitrum Gaming Proposal

Leave a Comment / Gaming / Cairo Arévalo

The Arbitrum ecosystem, a prominent layer 2 blockchain network, is currently embroiled in a contentious debate over a substantial $237 million program aimed at catalyzing the gaming industry. This initiative, approved through an onchain proposal, would allocate 225 million ARB tokens to attract builders and players, intending to expand adoption within the gaming sector. Despite […]

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Farcaster’s $150 Million Funding Boost for Web3 Expansion

Leave a Comment / Web3 / bennysteele

Farcaster, a burgeoning force in the web3 social media landscape, has successfully secured a whopping $150 million in funding, spearheaded by Paradigm. This substantial financial injection was supported by a consortium of influential tech investors including A16z crypto, Haun Ventures, USV, Variant, and Standard Crypto among others. Dan Romero, co-founder of Farcaster, expressed his enthusiasm

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Arbitrum Aids Optimism in Security Boost

Leave a Comment / Web3 / bennysteele

In the ever-evolving landscape of blockchain technology, collaboration can sometimes emerge from competition. This was recently exemplified when Offchain Labs, developers behind the Ethereum layer-2 scaling solution Arbitrum, played a crucial role in identifying and resolving security vulnerabilities within another layer-2 network, Optimism. Offchain Labs stumbled upon several security issues in a testnet version of

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Xai Foundation Launches New Staking Pools

Leave a Comment / Web3 / Anshul

The Xai Foundation, renowned for fostering the Xai layer-3 gaming network which utilizes Arbitrum’s scaling solutions on Ethereum, has unveiled an innovative staking pool system aimed at enhancing user engagement within its ecosystem. This development introduces esXAI, a new token that represents an escrowed version of the original XAI token, designed to facilitate the staking

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BattlePlan’s New Home: The Xai Network

Leave a Comment / Gaming / Anshul

Reboot, the innovative gaming protocol behind Pixel Vault‘s acclaimed game BattlePlan, has unveiled a strategic partnership with The Xai Foundation. This collaboration aims to migrate BattlePlan, a game that redefines player engagement and blockchain gaming’s potential, onto the Xai gaming network on Ethereum, leveraging its advanced Arbitrum-based layer-3 technology. The decision to transition BattlePlan from

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Ethereum L2s Pump in Anticipation of Dencun Upgrade

Leave a Comment / Web3 / Anshul

The Ethereum blockchain is on the cusp of a significant upgrade, and the excitement is real. Just hours before the Dencun hard fork goes live, tokens associated with Ethereum Layer 2 (L2) scaling solutions are surging in anticipation. These L2 projects, designed to alleviate Ethereum’s scalability woes, are poised to benefit immensely from the upgrade.

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From Banished to Builder: Hytopia Emerges as Minecraft’s NFT-Powered Rival

Leave a Comment / Gaming / bennysteele

The world of Minecraft NFTs took a hit in 2022 when Mojang Studios announced a ban. However, one project, NFT Worlds (now Hytopia), refused to fold. Instead, they pivoted and are now building their own blockchain game, aiming to become a Minecraft and Roblox hybrid with a focus on user-generated content and ownership. NFT Worlds

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$6 Million Seneca Exploit: A Stark Reminder of DeFi Security Vulnerabilities

Leave a Comment / Web3 / bennysteele

The world of decentralized finance (DeFi) witnessed another security breach as the stablecoin protocol Seneca fell victim to a $6 million exploit on the Ethereum and Arbitrum network. The incident highlights the ongoing challenges and vulnerabilities associated with smart contracts, the building blocks of the ever-evolving DeFi space. The exploit unfolded when an unknown attacker,

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