BlackRock Ethereum Holdings Surpass 1.2 Million ETH Amidst Strong Institutional Adoption – Details

Decentraland has announced the “Builder Talent Trail” to celebrate the creativity of its builder community. The event, taking place on February 11, invites builders to submit their unique creations deployed on LAND in Genesis City for consideration. Six selected builds will become part of a guided tour and will be eligible for the “Community Choice Award” on Friday, February 14. The top build will receive 1,000 USD in MANA, while two runners-up will be awarded 250 USD each.

The submission deadline is January 31, at 10 PM UTC. Eligible builds must comply with Decentraland’s Terms of Use, Code of Ethics, and Content Policy. Community voting for the award will occur on Discord from February 11 to February 14, with winners announced shortly thereafter.

Refer to the official tweet by MANA:

MANA Info

Decentraland is a blockchain platform that combines elements of virtual reality and digital assets. It is a digital space where users interact and participate in content creation.

The mechanism of Decentraland is based on the use of non-fungible tokens (NFTs) — unique assets that represent virtual land parcels called LAND. Each LAND parcel is unique and owned by only one owner, and it can be occupied by various virtual buildings or objects. All decisions regarding the development and management of Decentraland are made through voting by token holders within a decentralized autonomous organization (DAO).

MANA is the native token in the Decentraland ecosystem. The token serves as a means of participating in DAO voting. Therefore, owning MANA tokens provides the opportunity to participate in platform governance and determine its future development. LAND is a non-fungible token representing land parcels owned by community players. Like MANA, it is part of the Decentraland governance protocol and grants voting rights.

STEPN has partnered with Ready Player Me, the leading metaverse platform connecting digital identities to games, apps, and virtual worlds. From January 27th to January 31st, participants can join the Raffle Mint event and gain access to exclusive wearable NFTs designed to enhance their metaverse experience.

Key details:

Prizes:

3,000 STEPN Digital Shoes, designed for your Ready Player Me avatars, perfect for virtual adventures.

300 MORCHI Wearables, adding unique flair to your avatar.

Location: MOOAR Marketplace.

Entry Fee: 1,000 GMT per ticket (fully refundable if you don’t win).

Boost Your Odds: Holders of selected NFTs receive rate-ups for better chances.

GMT Info

STEPN is a blockchain-based project that aims to promote healthy living by rewarding users for their physical activity. The project leverages blockchain technology to build a connection between the real world and the virtual world, encouraging people to engage in more physical activity through gamification.

At the core of the STEPN ecosystem is the STEPN app, which tracks users' daily steps and rewards them with the native GMT token. The number of tokens rewarded is determined by an algorithm that takes into account various factors, including the number of steps taken, the intensity of the steps, and the user’s contribution to the STEPN community.

The STEPN platform offers a marketplace where users can spend their earned GMT tokens on various virtual and physical goods. Moreover, the platform also features leaderboards and challenges to enhance the competitive spirit and foster a sense of community among users.

Bitbank will list TRON (TRX) on January 27th.

TRX Info

Tron (TRX) is a blockchain project designed to enable the creation of decentralized applications (dApps). Originally built on the Ethereum blockchain in 2017, Tron later migrated to its own network protocol. The Tron network offers high throughput and scalability, making it suitable for applications with a high volume of transactions, such as gaming and social media platforms.

One of the unique features of Tron is its three-layer architecture, consisting of the storage layer, the core protocol layer, and the application layer. This architecture provides great flexibility for developers and allows the creation of complex and functional applications.

The TRX token serves as the primary asset within the Tron network and is used to manage network resources, participate in voting, pay fees, and earn rewards through staking.

APEcoin will unlock 15,600,000 APE tokens on February 17th, constituting approximately 2.16% of the currently circulating supply.

APE Info

ApeCoin (APE) is an ERC-20 governance and utility token underpinning the APE ecosystem, a decentralized protocol layer propelling community building in Web 3.0. Yuga Labs, creators of the prominent Bored Ape Yacht Club (BAYC) NFT collections and rights holders to CryptoPunks and Meebits, has integrated APE as the chief token for its new products and services.

The ApeCoin DAO, a decentralized autonomous organization, facilitates APE token holders in executing governance decisions, from fund allocations to establishing partnerships. Upon DAO members' voting, the APE Foundation, the DAO’s legal caretaker, actualizes these governance decisions.

Serving as the participatory key to the ApeCoin DAO, the APE token enables access to unique APE ecosystem features such as exclusive games, merchandise, and events. Moreover, third-party developers can integrate the APE token into their platforms as incentives.

Immutable X will unlock 24,520,000 IMX tokens on February 21st, constituting approximately 1.43% of the currently circulating supply.

IMX Info

Immutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability and zero gas fees for minting and trading, all without compromising user or asset security.

Immutable X utilizes Zero-Knowledge Rollups technology to process transactions off the main Ethereum network, increasing throughput and reducing gas costs. This technology enables the creation, trading, and transaction of NFTs on a much larger scale than is possible on Layer 1 Ethereum.

The IMX token is the native ERC20 utility token of the Immutable X protocol, which users can earn by conducting pro-network activities such as trading, and which can be used to pay fees, perform governance or stake on the protocol.

PancakeSwap has announced the opening of applications for its ambassador program, available from January 24 to February 2.

Refer to the official tweet by CAKE:

CAKE Info

PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It uses an automated market maker (AMM) model, which allows users to trade directly with a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. Users can also earn rewards by providing liquidity or staking LP tokens. The native utility token of PancakeSwap is CAKE, which can be used for staking to earn rewards, participating in lotteries, and voting in governance decisions.