​​ConsenSys-built MetaMask wallet will most likely launch its native token

According to a recent interview with Bill Hughes, senior counsel at Consensys, MetaMask will be owned and operated by the community. He also mentioned that the decentralization mechanism might include token, with no exact details on how and when that would happen. MetaMask's developer Consensys has raised $725M via multiple funding rounds from HSBC, Coinbase Ventures, ParaFi Capital, Microsoft, and others, at a valuation of $7B. MetaMask is currently the most popular Web3 wallet, with more than 30M monthly activity.

👉🏻 coindesk.com/consensus-magazine/2024/04/18/it-can-be-said-with-confidence-the-sec-is-investigating-ethereum-consensys-bill-hughes-talks-crypto-law

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​​MON Protocol (MON) has been launched on the PoolX platform

MON Protocol is now live on PoolX, the Bitget's latest stake-to-mine platform. Users can now stake $BTC to mine $MON for 10 days, up to June 6th, 15:00 UTC. Mon Protocol aims to be a developer and leading publisher of blockchain-native IPs and games.

👉🏻 bitget.com/support/articles/12560603810279

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​​KIP Protocol rolls out the Uprising community campaign platform

KIP Protocol has announced the launch of Uprising, a quest-based system with community tasks. Users can now complete permanent and time-sensitive tasks to earn KIP airdrop points. Moreover, holders of Genesis Pass NFT, KIP100X SBT, or KIP OG Discord Role will be able to boost their points. KIP Protocol is the decentralized base layer that AI models, apps & data owners build on, to safely transact & monetize in Web3, backed by Animoca Brands and Animoca Ventures.

👉🏻 x.com/KIPprotocol/status/1795108478911988141

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

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​​CARV (CARV) will hold its node sale starting with the WL phase on June 3rd

CARV has announced its upcoming Whitelist and Public node sales that will take place on June 3rd and June 5th respectively. Whitelisted users will be able to participate in the sale starting from June 3rd, at 12:00 PM UTC. In turn, the public phase of the sale will start on June 5th, at 12:00 PM UTC, allowing all users to participate.

CARV has allocated 25% of the total token supply to node verifiers, with a release model reducing by 25% every 6 months. The project has previously raised $10M in its Series A funding from OKX Ventures, IOSG Ventures, Fenbushi Capital, Hashkey, and others. CARV Protocol is a modular data layer for gaming and AI.

👉🏻 docs.carv.io/carv-protocol/verifier-node-explained/faq

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​​TOP DeFi Projects by Social Activity

Posts. Posts measures the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

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​​QORPO will kick off the QORPO Power staking campaign on May 29th

QORPO has announced an upcoming launch of its staking campaign, dubbed QORPO Power, that will start tomorrow, on May 29th. Users will be able to stake their $QORPO tokens from the QORPO wallet or directly from a web3 wallet and unlock multiple perks including an APY of 30%, in-game currencies, soft-staking multiplier, and loyalty points. Moreover, the project has recently launched its farming program with 300K $QORPO in rewards. QORPO World, a developer of the Citizen Conflict game, brings accessible Web3 innovations to Web2 gamers and simplifies blockchain for everyday players.

👉🏻 qorpo.world/blog/post/qorpo-power-benefits-holding-qorpo

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​​Top 10 dApps on Solana by Users Activity (30d)

A decentralized application (dApp) is a program built on blockchain that combines a smart contract and a front-end user interface. We present the top dApps on #Solana by users activity in the last 30 days, according to the data from DappRadar.

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​​Polyhedra announces an upcoming launch of its $ZK staking solution

Polyhedra will roll out the $ZK staking feature on June 10th. Through this innovation, $ZK holders will be able to stake their tokens and get token rewards from Polyhedra's ecosystem partners. Moreover, Polyhedra will be launched on HashKey Global Launchpool, with 325K $ZK allocated to rewards. Polyhedra Network is building secure, interoperable, and scalable Web3 infrastructure with advanced zero-knowledge-proof technology.

👉🏻 x.com/PolyhedraZK/status/1795243833988690089

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​​Top RWA Projects by Total Value Locked

Real World Assets (RWAs) became one of the most hyped narratives of current market momentum. Let's explore the leading RWA projects ranged by TVL.

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​​MintLabz (MINT) announces the draft Layer Zero airdrop for its community

MintLabz will conduct the distribution of the Layer Zero $ZRO token airdrop to its community. Among eligible users are LayerZero Cross-Chain ONFT mint participants, OG supporters, community members with min. 5 EVM on-chain platform interaction, and development team. MintLabz is the first cross-chain NFT hub that provides complete cross-chain NFT solutions to B2B customers.

👉🏻 x.com/MintLabz/status/1795109719222165539

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​​Coin of the Day by Market Sentiment - FLOKI (FLOKI)

$FLOKI is the utility token of the community-powered FLOKI ecosystem. that offers a 3D NFT Metaverse, DeFi utilities, a crypto education platform, NFTs, a merchandise store, and more.

FLOKI price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/floki

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Shadow War has announced its partnership with Seedify Gaming

Shadow War teams up with Seedify Gaming, a gaming and content creators community previously known as SeedHub. Under this collaboration, Seedify Gaming's community will get access to private playtests and ShadowNet access. Earlier this month, Shadow War raised $5M in funding led by Momentum 6. Shadow War is a hybrid action title for fans of strategic pulse-pounding combat and stylish action gameplay.

👉🏻 x.com/PlayShadowWar/status/1795142256011116919

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Mocaverse (MOCA) rolls out the Realm Network infrastructure layer

Mocaverse has introduced Realm Network, an interoperable stack with Account, Identity, Reputation, and Points to maximize the network effect amongst consumers and applications. The project has also partnered with Cyber and Web3Auth to co-develop Realm SDK. The $MOCA token will be used as the core currency for transaction fees and payments for Realm Network.

Earlier this month, the firm teased its upcoming $MOCA airdrop of 31% of the total token supply. Mocaverse is a gamified metaverse product of Animoca Brands, backed by Polygon Ventures, OKX Ventures, Foresight Ventures, and others.

👉🏻 x.com/MocaverseNFT/status/1795273843868926376

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​​NodeOps has closed its $5M seed funding round led by L1 Digital

NodeOps, node operating, and developing infrastructure provider, raises $5M in the seed investment that was led by L1 Digital. Additional round participants included Momentum 6, Blockchain Founders Fund, Finality Capital, Double Peak, Bitscale Capital, and Oak Grove Ventures. With fresh funding in hands, NodeOps will enter the next phase of creating a permissionless Node Orchestration Layer Enabling Value Capture Engine for the on-chain ecosystem and expand operations.

👉🏻 x.com/NodeOps_App/status/1795199362970104048

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​​Switchboard has announced the closure of its $7.5M Series A round

Switchboard raised $7.5M in a Series A funding round co-led by Tribe Capital and RockawayX, with participation from Solana Foundation, Aptos, StarkWare, Mysten Labs, Ascensive Assets, Lemniscap, Bixin Ventures, and others. The project has rocketed to ~$1.75B in total value secured. Switchboard is a permissionless oracle network that seamlessly connects dapps to real-world data.

👉🏻 x.com/switchboardxyz/status/1795441142240063564

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​​An AI infrastructure project GaiaNet has closed a $10M seed funding round

GaiaNet closes a $10M seed round to support the development of decentralized networks for generative AI tools. The funding included participation from EVM Capital, Mirana Ventures, Mantle EcoFund, Generative Ventures’ Lex Sokolin, and Republic Capital’s Brian Johnson. The funds will support GaiaNet’s development of AI-powered chatbot “teaching assistants” designed for university students.

👉🏻 theblock.co/post/297035/decentralized-ai-project-gaianet-raises-10-million-in-funding-round

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Starknet has announced the launch of a $25M token incentive for top projects

Starknet Foundation allocates 20M $STRK (approximately $25M) to the 21 best-performing projects in the ecosystem. The program will be divided into two categories separating advanced-stage projects from emerging projects and will aim to incentivize blockchain development on the network. The first five qualified projects include Ekubo, AVNU, Influence, Realms, and Nostra. Starknet is a permissionless decentralized ZK-Rollup that operates as an L2 network over Ethereum, backed by Sequoia Capital, Paradigm, Pantera Capital, and others.

👉🏻 cointelegraph.com/news/starknet-reward-best-performing-projects-25-million

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​​OpenSocial announces the closure of its $5M seed investment round

OpenSocial has raised $5M in a seed round led by Portal Ventures and SNZ Holding. Other investors in the round included Animoca Brands, OKX Ventures, Arche Fund, Moonrock Capital, PANONY, Orange DAO, and more. OpenSocial Protocol is a multichain infrastructure layer that enables the seamless development of social dApps, big or small, on top of it.

👉🏻 x.com/OpenSocialLabs/status/1795439964127473723

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AutoLayer (LAY3R) has introduced a new version of its protocol

AutoLayer announces the launch of its new version with enhanced volume, liquidity, and a wider variety of protocols to choose from. As of now, AutoLayer supports LRTs from Ethеr.fі, Puffer Finance, Swell Network, PrimeStaked, ClayStak, Renzo, and Kelp DAO. Moreover, the project launched the AutoLayer Airdrop Tracker, a portal that will keep users updated on airdrops from the LRTs, points associated with LRTs, and the airdrops stages. AutoLayer is the LRTfi hub on Arbitrum, which offers one-click liquid restaking and staking along with other DeFi strategies and incentives, backed by Morningstar Ventures, Poolz Ventures, and more.

👉🏻 x.com/AutoLayer/status/1795428799347081401

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

CryptoDep | Community Chat | Twitter | Telegram