Despite the bear market, Web3 startups are building solutions and infrastructure that will welcome users and institutions in the coming years.
The crypto bear market may be lasting longer than expected, but some Web3 startups see it as the perfect opportunity to build solutions and infrastructure that will welcome users and institutions when the next wave of adoption arrives.
Roughly six months after starting to build the platform, the protocol is now participating in the Axelar Ecosystem Startup Funding Program, a $60 million startup funding program dedicated to accelerating Web3 protocols,“We started working on cross-chain yield aggregation because it seems like the natural evolution of bridges/general message passing protocols, etc.,” Nick Avramov, co-founder of the crypto startup, told Cointelegraph.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% YieldAfter defaults and a major overhaul, crypto lending protocol Maple Finance moves away from uncollateralized lending toward bringing yield-generating real-world assets to crypto investors. sndr_krisztian reports
Read more »
Conservative news network Newsmax on the verge of being dropped by DirecTVDirecTV is resisting Newsmax's demand for compensation in exchange for carriage on its pay TV platforms.
Read more »
San Diego police: Operation takes down criminal network with ties to White supremacist groupsSan Diego police Chief David Nisleit said Operation Red Rider began with complaints and tips about drug trafficking at a house in North Clairemont
Read more »
House GOP tries to pressure DirecTV to carry disinformation networkGOP lawmakers are up in arms that DirecTV might pull the plug on a major source of right-wing disinformation, and they’re trying to throw their weight around to stop it. (via The ReidOut Blog)
Read more »
MakerDAO community backs plan to deposit $100 million into Yearn FinanceMakerDAO community has supported a decision to deposit $100 million of USDC stablecoin into a Yearn Finance vault.
Read more »
Blockstream raises $125M to finance expanded Bitcoin mining operationsDigital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin mining co-location services, underscoring heightened demand for its institutional hosting services amid the bear market.
Read more »