Cryptoday 11.22 | Elrond announces the official launch of its decentralized exchange Maiar and a $1.29 billion liquidity incentive program
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Cryptoday 11.22 | Elrond announces the official launch of its decentralized exchange Maiar and a $1.29 billion liquidity incentive program
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Funding Updates:
Quidd, a subsidiary of Animoca Brands, raises $5 million
Digital collectibles marketplace Quidd has raised $5 million through private pre-sales and an initial DEX offering (IDO). Investors include Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Mind Fund Group Ltd, Sanctor Capital, OneFootball, and other angel investors. Quidd is a subsidiary of Animoca Brands. QUIDD is an ERC-20 utility token designed for collectors, creators, and developers within the QUIDD community.
Polemos raises $2 million in funding led by Delphi Digital
On November 22, P2E gaming guild Polemos announced it has raised $2 million in funding, co-led by Delphi Digital and Framework Ventures, with participation from founders of DeFi projects including Sushi, Aave, and 1inch Exchange. Polemos, focused on NFT-based play-to-earn (P2E) gaming, is developing a GameFi learning management system, a decentralized guild asset exchange, and a player analytics platform for education, tracking, analysis, and player management.
KAKA NFT WORLD raises $2.5 million in private sale with DaoMaker participation
On November 20, KAKA NFT World, an esports ecosystem platform in the metaverse blockchain gaming sector, announced completion of a $2.5 million private fundraising round. Participating investors include DaoMaker, AU21 Capital, Capital Vendetta, Raptor Capital, ReBlock Agency, HalvingsC, TokenHunter, Damo Labs, Waterdrip Fund, and others. KAKA is a metaverse esports platform composed of multiple brand IPs, offering open game template services that allow development teams to quickly create and launch their own on-chain games via the KAKA platform.
Pocket Arena completes $2.14 million private funding round with LD Capital participation
On November 22, Pocket Arena, a Play-to-Earn NFT gaming portal and platform, announced the completion of a $2.14 million private funding round. Participants include Signum Capital, Unanimous Capital, LD Capital, Legion Ventures, Ethereal Capital, Calamari Ventures, Brotherhood Ventures, Halvings Capital, Exnetwork, Master Ventures, Standard Merchant, and Minted Lab. The POC tokens sold in this private round represent 3.3% of the total supply and are subject to a 3-month lock-up period followed by a 12-month vesting schedule.
DeFi
Decentralized exchange Pangolin launches USDT.e-TUSD liquidity mining program
Decentralized exchange Pangolin will launch a USDT.e-TUSD liquidity mining program at 21:00 on November 22. Users providing liquidity to the USDT.e-TUSD pool will receive PNG rewards proportionally. This marks the first such initiative since the launch of Pangolin v2. TrueUSD (TUSD), the first independently verified, on-chain real-time audited USD-pegged digital asset, is now listed on over 100 exchanges including Binance, Huobi, and Poloniex, and deployed across multiple blockchains such as TRON, Avalanche, BSC, and HECO, actively participating in various DeFi ecosystems. TUSD undergoes real-time auditing by Armanino, one of the largest accounting firms in the U.S., ensuring a 1:1 reserve ratio and full backing. Users can access public audit results anytime via the official website.
Elrond announces the official launch of its decentralized exchange Maiar with a $1.29 billion liquidity incentive plan
On November 22, blockchain platform Elrond announced the official launch of MaiarExchange, its AMM-based decentralized exchange, along with a $1.29 billion liquidity incentive program. During the first month, the Elrond Network will distribute $28 million worth of MEX tokens—the governance token of Maiar Exchange—to users who provide liquidity for EGLD, MEX, and USDC on MaiarExchange. Following the first month, the network plans to roll out additional liquidity incentives on Uniswap, PancakeSwap, and SushiSwap. Elrond is a public blockchain utilizing PoS consensus and adaptive sharding technology, capable of achieving a theoretical throughput of up to 10,000 TPS.
NFT
adidas Originals enters the metaverse and issues POAP NFTs
On November 22, adidas Originals, a brand under Adidas, announced its entry into the metaverse and the issuance of POAP NFTs, totaling 3,176 unique tokens. POAP stands for Proof of Attendance Protocol—an open-source, ERC-721-based protocol built by the Ethereum developer community to issue unique NFT badges to participants of virtual and real-world events.
Others
Mysterium Network, a decentralized VPN, goes live on mainnet on November 22
On November 22, Mysterium Network, a decentralized VPN, launched its mainnet and released version 1.0 of its client. A VPN enables a secure connection between networks, typically used to access restricted websites and content, mask browsing activity on public Wi-Fi, and offer anonymity by hiding user locations. However, centralized VPNs can still collect user data, whereas decentralized VPNs do not log user activities, offering greater privacy and resistance to censorship.
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