⛏ AXS Holders Have $2.5B Staked in Axie Infinity in Two Weeks

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DeFi Staking

AXS Holders Have $2.5B Staked in Axie Infinity in Two Weeks

NEWS Axie Infinity has just under $2.5B of its governance token, staked on its Ronin sidechain. That’s more than a quarter of AXS’s total circulating supply.

SO WHAT If Axie’s total value locked were tracked by DefiLlama, it would be the 21st largest protocol on there, as of Thursday afternoon Eastern Time, right behind the lending protocol Liquity and just ahead of the Huobi’s wrapped bitcoin asset, hBTC.  

DASHBOARD Holders are earning annual returns of over 130% for staking AXS tokens, according to Axie Infinity’s staking dashboard. Staking rewards come from a portion of the initial supply of AXS that was set aside for this purpose. 

OWNERSHIP “This is an important step towards our long term goal of genuine co-ownership of Axie Infinity with community members that contribute meaningfully to our rapidly growing movement,” the Axie team wrote in their newsletter when staking went live on Sept. 30.

👉READ THE FULL STORY IN THE DEFIANT.IO 👈


NFT Marketplaces

👏🏼 Infinity is Going After OpenSea With 600M Free Tokens

NEWS Infinity, a new NFT marketplace is taking aim at OpenSea with 600M tokens ready to give away. People who have made transactions on the biggest marketplace for digital collectibles will get free tokens, but only if they use the new competitor — and soon.

NFT COMMUNITY Infinity called itself the “FTX for NFTs” when it announced its launch on Medium, writing, “Infinity is a community driven, decentralized NFT marketplace built for the future of discovering, developing, and owning NFTs. As an alternative to OpenSea, it aims to better represent, as well as incorporate the needs and wants of the NFT community.”

VOLUME According to a chart the team shared on Dune Analytics, people have been using Infinity, but volume has been dropping each day in its first few days. It saw $1.26M in volume on its first day, Oct. 8, but only $308,914 on October 12, for a total volume so far of $3.8M.

👉READ THE FULL STORY IN THE DEFIANT.IO 👈


NFT Auctions

🖼 Sotheby’s Ups NFT Game with Launch of Metaverse Auction Platform

TLDR Maybe it’s time to retire the tulip bubble analogies. Anyone out there who still dismisses NFTs as nothing more than a digital fetish might want to check out the announcement from Sotheby’s today. 

LAUNCH It’s launching a dedicated marketplace for non-fungible, tokenized art called Sotheby’s Metaverse, a nod to the virtual world where NFTs are becoming an economic force. Yet there’s nothing virtual about the venerable auction house’s embrace of the hottest application in DeFi. 

DISCORD Sotheby’s is all in — it will accept bids for auctioned works in ETH, BTC, or USDC, according to a statement it released this afternoon. The firm has formed its own Discord for artists, collectors, and community members to commiserate, a prerequisite for playing in the NFT space. Bidders will receive an avatar created by Pak, the popular crypto designer and artist. And Sotheby’s Metaverse plans to roll out capabilities to mint generative works just like Art Blocks.

👉READ THE FULL STORY IN THE DEFIANT.IO 👈


Sponsored Post

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Video

Weekly: You’re Not Ready for the Bear

Jam Session #8: DEXs


Links

🔗 SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms: Bloomberg

The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter.

🔗 OurNetwork Learn: Web3’s Learn-to-Earn Data Cohort Program: OurNetwork

OurNetwork contributors and the Dune team are partnering up to bring to fruition Web3's first learn-to-earn data program. We'll spend 30 days teaching a cohort of 30 students how to analyze data in Web3 and communicate their work publicly.

🔗 Coinbase CEO: We Need a New Approach to Regulating Crypto: The Wall Street Journal

The crypto era began 13 years ago with the publication of Satoshi Nakamoto’s seminal paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.”

🔗 Uniswap Labs Hires Former Obama Spokesman as DC’s DeFi Scrutiny Ramps Up: CoinDesk

As Washington scrambles to form a regulatory strategy for crypto, Uniswap Labs – the developers behind Uniswap, the largest exchange in decentralized finance (DeFi) – has hired a new communications chief who may have some experience in navigating choppy political waters.

Twitter avatar for @openseaOpenSea @opensea
The @real_alethea auctions are live! For all the details, check out the guest post on the OpenSea blog. Read:
opensea.io/blog/guest-pos… Bid: opensea.io/collection/rev…

Alethea AI - Bringing NFTs to Life (We're hiring) @real_alethea

Our auction is live on the front page of @opensea ! The Revenants. These 20 iNFTs will be on sale for 24 hours. Visit Noah's Ark on https://t.co/XgBTffsqHw - they're waiting to meet you. https://t.co/xn1IrPNTYx

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🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Bailey Reutzel, DeFiDad and yyctrader, and edited by Edward Robinson, Bailey Reutzel, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.


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