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After making a daily low of $49,869, Bitcoin took a massive move and is now trading at $54,755. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $3,536.
Let’s find out some interesting crypto news stories for the day.
1 – Cronos Chain | Duelist King Partnership to Scale DeFi System
The Cronos chain, powered by Crypto.com, has partnered with Duelist King to boost their games. As per the tweet, Duelist King would be the first project launched on Cronos chain. Cronos is an EVM chain running in parallel to the Crypto.org Chain. It intends to scale the DeFi ecosystem while ensuring the portability of applications from Ethereum and EVM-compatible chains.
Duelist King has created the first-ever democratic NFT card game where users can play, participate, and earn through its top-notch gameplay. This unfolds the play-to-earn model by attracting gamers with enjoyable gameplay rather than just earning potential. This partnership helps to scale the Duelist King game through Cronos EVM-compatible chains.
Awesome to see projects coming to @cronos_chain 🚀 https://t.co/e5b94xQ4i7
— Kris | Crypto.com (@Kris_HK) October 6, 2021
2 – GNK Dinamo Taps Socios.com to Launch Its Fan Token on Chiliz Blockchain
GNK Dinamo Club has announced the launch of its first blockchain-based fan token. This was accomplished by GNK Dinamo partnering with Socios.com to launch its DZG fan token on the Chiliz blockchain. Moreover, GNK Dinamo is a professional football club from Croatia.
As per the announcement, the DZG token will empower fans with unique digital and exclusive club-related content. In addition, the token holders can enjoy rewards and get access to different club events. Notably, the DZG token got listed on the Socios App at 13:00 CET today. Recently, AC Milan and Barcelona also launched their fan tokens. Hence, GNK Dinamo now becomes the latest sports club to use fan tokens to attract new fans and offer rewards.
🇭🇷 $DZG LISTING DAY 🇭🇷
The official Fan Token of @gnkdinamo will be listed & available again on the Socios App from 13:00 CET today.
⚡️ $CHZ pic.twitter.com/rbNtVKpYUO
— Socios.com (@socios) October 6, 2021
3 – Yield Guild Invests $1 Million to Purchase Star Atlas NFT Gaming Assets
Yield Guild Games has partnered with Star Atlas to purchase $1 million worth of its NFT gaming assets. Above all, Star Atlas aims to be the first blockchain game to deliver a cinematic-quality visual experience through space exploration, political domination, and more.
Collaboratively, both teams create financial opportunities for gamers through the economic expansion of the metaverse. Another feature is a toolset for players to manage treasury and develop political strategies. Moreover, Star Atlas will be integrated with Solana to offer fast-speed gameplay as well as the secured storage and transaction of game items. Additionally, this would empower businesses and guilds to manage operations in a virtual environment in the metaverse.
A space themed MMM(Massive Multiplayer Metaverse) that is set to exceed expectations; We can’t wait to see how this partnership unfolds! 💯🤝
To the galaxy and beyond! 🚀@staratlas https://t.co/qkoxEtqKEw
— Yield Guild Games (@YieldGuild) October 4, 2021
4 – Xend Finance | Tidal Finance to Launch Guarantor Pool With Lucrative APR
In the last bit of top crypto news for today, we have Xend Finance launching its Guarantor Pool on Tidal Finance. Moreover, Xend Finance is a project which aids individuals and cooperatives to earn higher interest levels on their savings by staking.
According to the announcement, Xend Finance’s 5% weekly premium is rewarded to this pool along with $100 worth of $TIDAL tokens. Currently, 1,905 $XEND tokens are earning over 479.38% APR in TIDAL and 498.71% APR in USDC. Users can earn up to 6% APR as rewards for USD 100k worth of $XEND. Notably, the withdrawal will be available in the coming week. If the guaranteed protocol does not have any valid claims, then the withdrawal amount will be returned back to the guarantor’s wallet.
1/2#XendFinance guarantor pool launches on @tidaldefi, $XEND Holders Can Deposit and Earn!
5% of Xend Finance’s weekly premium is rewarded to this pool as well as $100 USD $TIDAL token. https://t.co/660l6BgQol
— Xend Finance (@xendfinance) October 5, 2021
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