The arrival of new parachains and the implementation of new functionalities on the Polkadot network are driving the value of DOT in the markets. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Polkadot (DOT) price surges 15% to hit new all-time high. DOT, the native cryptocurrency of the Polkadot network, has just marked a new all-time high above $50 per unit. The price of DOT has grown 15% in the last few hours, reaching a new high of $50,87Part of Polkadot's bullish momentum in the markets is related to the arrival of new parachain auctions on the Kusama network, the implementation of new functionalities within the blockchain network and the governance rights of its holders to vote on the future of the Polkadot brand, which wants to evolve in a decentralized way like its technology and infrastructure.
Polkadot is currently the seventh largest cryptocurrency in the industry, with a market cap of $51.300 billion.
Bitcoin and Blockchain Adoption
📍Ethereum-based protocol Ethereum Name Service (ENS) will launch a DAO to decentralize its governance. The developers of ENS, an open-source protocol based on Ethereum, reported in a release that just as the core components of ENS are decentralized and self-executing, the governance of the project must also be in the hands of the community.
“We believe that both ENS and the DAO space have matured enough to transition ENS governance to the community”. ENS will create a DAO (Decentralized Autonomous Organization) and will launch its own governance token called ENS. From the DAO, the community will have full control over the ENS treasury, as well as its future funds and the .ETH registry contract that is in charge of the pricing and registry mechanism for .ETH names.
📍Amazon Web Services is looking for a Digital Asset Specialist. Amazon's cloud computing service is looking for a digital asset specialist to lead its global financial services team. According to the job postingAmazon Web Services is seeking a person with experience in this area to help drive adoption of its services within the global digital asset community and identify new development and growth opportunities.
Amazon noted that the digital asset specialist will work directly with some of its most strategic customers, such as global financial institutions and innovative fintechs, to help them drive change and transformation as they adapt to new ways of transacting digital assets, such as cryptocurrencies, CBDC, stablecoins, securities and asset-backed tokens, NFTs, and more.
NFT and DeFi Markets
📍The web portal for creators and artists Patreon is considering integrating support for NFTs. Patreon, one of the most used web portals by musicians, artists and creators to monetize content, is considering the possibility of integrating support for non-fungible tokens or NFT, in order to help its clients monetize their content in innovative ways, while ensuring ownership of their creations and works.
Website executives reported about this possibility during the Creator Economy Summit 2021. Julian Gutman, Patreon's chief product officer, said that there is a huge amount of innovation happening within the NFT sector and that these digital assets have many properties to protect and monetize the content of creators and artists.
Cybersecurity
📍The value of the SQUID token plummets after warnings from Twitter. The mini-blogging social network Twitter warned about possible risks from the official accounts of the Squid Game project, which caused the price of its SQUID token to collapse by more than 90% in a few hours. Apparently, Squid Game may be a scam, so the social network framework the official account of the project and the accounts associated with it as suspicious.
Development and Technology
📍Avalanche Foundation launches $200 million fund to boost its development. The Avalanche Foundation, responsible for the development of the Avalanche blockchain, announced the launch of a new investment fund to finance the development of its blockchain. The new fund, which raises a total of 200 million dollars, aims to attract new talent to boost the construction of new protocols within the blockchain and optimize its infrastructure.
Through these resources, the Avalanche Foundation and the other organizations that participated in the creation of the new fund, such as Ava Labs, Three Arrows Capital, Dragonfly Capital, among others, will finance developers of DeFi protocols, NFT projects and much more.
Continue reading: DeFi investors lose $60 million in apparent AnubisDAO scam
