The DAILY LEO #76 | VC Investments in Crypto Slow, Reddit NFT Avatars on OpenSea, and Threads
Welcome to the third edition of The Daily LEO! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.
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Venture capital investments in crypto slow as bear market continues
In the first half of 2022, venture capitalists invested $14.2 billion in crypto related projects such as decentralized finance applicaitons and NFT projects. We've seen a lull in the entire cryptocurrency space for quite some time now, and it is not looking like we will see upside any time soon. VCs seem to think that NFTs and token offerings will continue to slow...
Crypto degens are trying to take advantage of the Ethereum merge
With the upcoming Ethereum merge that will switch the chain from Proof of Work to Proof of Stake consensus, crypto degens are trying to take advantage. Using DeFi protocols like Aave, people are taking out Ethereum loans to maximize the potential of any airdropped tokens from the merge forks. In a world of unregulated assets and decentralized protocols, it's no surprise people try to maximize...
1inch Exchange users may be eligible for an airdrop
1inch.exchange is a decentralized exchange aggregator that has been around for a pretty long time. Originally, the DEX only supported the Ethereum main net but has since added support for Polygon, BNB Chain, Arbitrum, and many other EVM chains. In an attempt to encourage users to use the layer 2 chains like Optimism, they are doing an airdrop of 300,000 OP tokens...
Reddit recently airdropped tons of users NFT avatars and they're starting to hit the market
Reddit, the front page of the internet, is no stranger to blockchain and cryptocurrency. There have been community points which earn your crypto tokens, and they sold a set of unique avatars as NFTs quite some time ago. Within the past month, Reddit users were met with a pop up to claim their very own unique NFT avatar and the trading volume is surprising...
LeoFinance Threads is going to bring the masses to Hive
Recently, LeoFinance released a brand new feature that brings true micro-blogging to the Hive blockchain, and it's called Threads. Since the launch, we have started to see a shift in the way some users are engaging on the Hive blockchain. We're also seeing more users that did not create long-form content using Threads for micro-blogging instead. This is the start of something much bigger...
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