Top Crypto News: 8/17

Today, the crypto space reached a major milestone with Uniswap generating $1 billion worth of platform fees while Step Hero collaborates with GameFi to boost its NFT marketplace.

After making a daily high of $46,970.34, Bitcoin underwent a correction and is now trading at $44,889. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $3,047.

Let’s find out some interesting crypto news stories for the day.

1 – AIOZ Network Enters NVIDIA’s Inception Accelerator

AIOZ Network has announced it is entering NVIDIA’s Inception accelerator to expand the capabilities of its content delivery network. NVIDIA’s Inception is a startup acceleration platform that provides firms with market support, expertise, and the technology of the world’s leading GPU distributors.

With this participation, AIOZ will get a chance to expand its network by interacting with other participants at exclusive events. Further, AIOZ would get access to NVIDIA’s unique GPU infrastructure and its channels to receive co-marketing support. In addition, NVIDIA’s unique GPU applications and hardware will scale the AIOZ Network. Consequently, this will help AIOZ Network to consume fewer resources with higher efficiency through GPU cores.

2 – Step Hero | GameFi Collaboration to Boost NFT Marketplace

Step Hero has collaborated with GameFi to boost its NFT marketplace. GameFi is a hub of game finance that features a launchpad, aggregator, marketplace, accelerator, and more. While Step Hero is the first NFT fantasy-themed RPG (role-playing game) on the Polygon network. It combines NFT gaming with DeFi which allows users to enjoy playing, investing, and earning money simultaneously.

With this coalition, users can purchase, sell, and trade $HERO tokens and HERO collectibles through GameFi’s cross-chain marketplace. Further, Step Hero players and investors will get the staking and other yield guilds option in GameFi’s ecosystem. Collaboratively, both the teams will enhance and integrate GameFi features into games, such as NFT-rental in the Step Hero RPG. Additionally, GameFi will utilize Step Hero’s community to promote its platform’s attributes on Step Hero RPG.

3 – Uniswap Becomes the First Decentralized Finance (DeFi) Protocol to Generate $1 Billion Worth of Platform Fees

The leading decentralized exchange, Uniswap, has recorded the highest platform fees for liquidity providers. As per the tweet, combined fees generated by Uniswap v3, along with older versions, are roughly $1.02 billion.

Notably, Uniswap has become the first decentralized finance (DeFi) protocol to generate more than $1 billion worth of platform fees for liquidity providers. Impressively, Uniswap also surpassed the Bitcoin daily transaction fees earlier this year. Currently, Uniswap represents $3.9 million in daily platform fees.

4 – Cardano Developers Introduced World’s First NFTs of Appreciation (NFTAs)

In the last bit of crypto news for today, we have the Cardano Foundation declaring the minting of the world’s first non-fungible tokens of appreciation (NFTAs). Moreover, NFTAs are appreciation NFTs (just like certificates of appreciation) which were awarded to 10 Cardano (ADA) developers who contributed to the development of the blockchain.

In addition, the team has rewarded the community members with Bronze Tokens of Appreciation. These Bronze Tokens are a way to give the NFTAs extra utility over their collectability. Further, the project has chosen CIP 721 Metadata Standard to mint new tokens, which is an NFT-focused Cardano Improvement Proposal. Interestingly, this enables users to attach metadata with Cardano’s token to store the information on the blockchain.

Published By : Altcoinbuzz

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