🦊 ConsenSys Founder Joe Lubin Teases MetaMask Token $MASK

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Token Buzz

🦊 ConsenSys Founder Joe Lubin Teases MetaMask Token $MASK

SPECULATION One of web3’s most essential tools may be getting a token. Joseph Lubin, founder of Ethereum incubator ConsenSys, set off speculation a token for the non-custodial wallet MetaMask is imminent after tweeting, “Wen $MASK? Stay tuned.”

TWEET MetaMask, which has 10M monthly active users and is developed by ConsenSys, is one of the main ways users interact with web3 and DeFi. Lubin tweeted in response to speculation ConsenSys may not want tokens on its balance sheet because JPMorgan has a stake in the company.

EXCITEMENT “ConsenSys has thousands of tokens on our balance sheet,” Lubin wrote. Lubin’s tweet has been liked hundreds of times in the two hours since it was posted, indicating the excitement a MetaMask token inspires, with many MetaMask users already expecting an airdrop

👉READ THE FULL STORY IN THE DEFIANT.IO👈


EXCLUSIVE: NFT Fundraising

💰 New NFT Discovery Platform Raises $2M From Spartan and Sequoia

NEWS NFTs are crypto’s most visual offering, but exploring them is still largely driven by text searches. A project coming out of stealth this week aims to change that.

FUNDING ROUND A new platform called Pulsr is meant to enhance the visual and aesthetic exploration of the NFT space and is slated to launch on Nov. 11. On Monday, Pulsr announced a $2M funding round from Spartan Group, Sequoia and others.

AUGMENTED REALITY Pulsr is a social platform for NFTs that prioritizes visual exploration and price discovery. Pulsr will use the funding to build artificial intelligence powered search, an augmented reality wallet and to prepare its token, which will be used for NFT curation.

👉READ THE FULL STORY IN THE DEFIANT.IO👈


Breakout AMMs

🚀 Axie Infinity’s Katana Breaks $1B in TVL After Launch of Governance Token

TVL Katana, the new automated market maker for Axie Infinity’s side chain Ronin, has attracted more than $1.2B in total value locked since launching on Nov. 4, as users load in liquidity in order to farm the sidechain’s new governance token, RON.

REWARDS The market has three pools, but 99% of the value is in two of them, AXS-WETH and SLP-WETH, because those token pairs are getting daily rewards of the new RON token. 

STANDOUT PROJECT Play-to-earn gaming has been one of the most dynamic features of the crypto economy in 2021, with Axie Infinity being the standout project. The game has brought in $185M in revenue over the last 30 days, according to TokenTerminal

👉READ THE FULL STORY IN THE DEFIANT.IO👈


Parachains

🔴 DOT Holders Have Pledged $800M Ahead Of First Polkadot Parachain Auction

AUCTION Polkadot, the eighth largest cryptocurrency with a market capitalization of $55B, kicks off its first parachain auction on Nov. 11, and investors are lining up.

CROSS-CHAIN Nearly $800M in DOT tokens has been contributed via crowdloans, with Acala Network and Moonbeam leading the pack. Interestingly, both are Ethereum-compatible smart contract platforms focused on cross-chain DeFi.

RECORD HIGH Polkadot’s native DOT token is up 60% in the last 30 days and hit a record high of $54.98 on Nov. 4. The Polkadot blockchain does things a little differently from familiar Layer 1s like Ethereum, in which applications and the security/consensus mechanism operate on a single chain.

👉READ THE FULL STORY IN THE DEFIANT.IO👈


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The Tube

📺 Quick Take: Rugged by the government? NFTs are now cash!?

📺 The Defiant Weekly: The US Treasury is Terrified of Stablecoins


Links

🔗 Raoul Pal: Expect the ‘path of most pain’ around December: CoinTelegraph

Former Goldman Sachs hedge fund manager and Real Vision founder Raoul Pal believes that the social media pundits are wrong and that the crypto market cycle won’t end this year.

🔗 Coinbase’s Q3 Crypto Trading Volumes to Be Key for Investors, Analysts Say: CoinDesk

Coinbase Global Inc.’s (COIN) trading volumes and revenue will likely be the focus of investor attention as the cryptocurrency exchange gets set to report third quarter financial results Tuesday after the market close.

🔗 The Rise of Bitcoin Influencers: Evangelizing and Moving Markets: Decrypt

Anyone scrolling through social media will be able to discern the work of influencers—people who monetize their online fame with paid shout-outs to brands, like carefully-framed engagement photos or a motorbike accident with a conveniently-placed product in shot.

🔗 Jet Announces $6.8 Million Follow-on Round with Paradigm, Reciprocal Ventures, Solana Ventures and more: Medium

Earlier this year we were lucky enough to have an amazing cast of VC’s and angels join our seed round, which helped us spend much needed time and resources hiring world-class talent to build the Jet Protocol that you see now on mainnet today.

🔗 Brave partners with Solana to integrate it into the browser and make it the default for DApp support: Brave

Announcing the news today in Lisbon at Solana’s Breakpoint conference, the companies will work together to bring best-in-class wallet features for the Solana blockchain into Brave’s Web3 desktop and mobile browsers in the first half of 2022. 


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🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, 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.


The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr).