OpenSea acquires DeFi onramp wallet Dharma Labs

OpenSea, the leading NFT marketplace, is acquiring Dharma Labs, developers of a smart contract wallet that, for U.S. citizens, doubles as a mobile fiat onramp to decentralized finance, DeFi services through integrations with traditional bank accounts. According to an OpenSea blog post announcing the acquisition, OpenSea’s interest in Dharma Labs comes from Dharma’s “experiences for … Read more

Bank of America calls Solana “Visa of the digital asset ecosystem”

A leading financial institution, the Bank of America, has predicted that Solana could become the “Visa of the digital asset ecosystem,” which would enable it to steal more of the market share of Ethereum’s blockchain. Solana would eat into Ethereum’s market share According to Alkesh Shah, an analyst at the Bank of America, Solana’s simplicity, … Read more

BoA: Solana is primed to beat Ethereum and be the ‘Visa of digital asset ecosystem’

The Solana network’s shot in the spotlight might just be far from over as yet, especially now that the Bank of America has expressed future optimism for the top smart contract platform, even analogizing it as the “Visa of the digital asset ecosystem” after it managed to facilitate a large number of transactions over the … Read more

IB Token Distribution

C.R.E.A.M. ·Just now Dear C.R.E.A.M. community, partners & friends, thank you for all your support and commitment. As mentioned in the Iron Bank announcement, CREAM token holders will be eligible to receive IB token distribution in the form of 4-year locked veIB on Fantom Opera. veIB distribution will be available for claim by CREAM token … Read more

Strong conviction among Ethereum long-term holders, DeFi TVL up

The market value of ether (ETH), the second-largest digital asset by market cap, has taken a big toll of late. The price of ETH is at the moment of writing hovering around $3,100, down about 36 percent since its all-time-high on the 10th of November. Ether hasn’t seen this low valuation since the beginning of … Read more

Introducing Jonathan Han as Formation Fi Strategic Advisor

Formation.Fi Just now·2 min read When it comes to advising world class financial enterprises, Jonathan Han checks all of the boxes. He’s educated, experienced, and accomplished. Jonathan majored in economics and studied chemical engineering at the University of Pennsylvania. Following this, he worked at Bridgewater Associates, a premier asset management firm. At Bridgewater Associates, Jonathan … Read more

New report reveals over 34,000 new developers entered crypto space in 2021

So much of crypto is focused on traders and investors that there’s sometimes a tendency to forget about those who make the many transactions possible – the developers. To that end, Maria Shen of Electric Capital released a report on developer activity in the past year, and the numbers are formidable. Coming on the Unchained podcast, … Read more

Here is why Ethereum’s dominance in DeFi is falling

Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of … Read more

Vitalik Buterin foresaw stablecoin and defi growth, omits NFT

In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry. However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is … Read more

Here’s how ‘yielding additional 20%’ spells bullish for Ethereum, post merge

Soaring gas fees on the Ethereum network was a major highlight throughout crypto’s journey last year. This was undeniably a turn-off for many. Yet, it also underlined a growth in userbase, while also giving space to the ecosystem to expand, through the rise of several promising new layer-1 blockchain networks like Solana and Avalanche. Regardless … Read more