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Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains.
Game7 to Support Blockchain Gaming With $100 Million
Game7, a Web3 gaming-dedicated project which has already supported projects on different chains including Arbitrum, Polygon, Immutable X, and Solana, has announced the launch of a $100 million grants program to support Web3 gaming companies. The chain-agnostic project announced that the objective of this move is to offer support to these initiatives to push the Web3 gaming ecosystem forward even in unfavorable times for the crypto industry.
The organization, which is a DAO supported by Bitdao and Forte, aims to distribute these funds over the next five years to the best projects presenting their initiatives. The grants will be distributed among five different areas, including technology, events, diversity, education, and research.
On the direction of these funds, Game7 contributor Ronen Kirsh declared:

Improving smart contract standards, tooling, interoperable wallets, and scaling solutions will be crucial on the path to global adoption of Web3 games. We have allocated 20% of our committed treasury to fund each of these crucial components so the gaming industry can focus on building sustainable game economies.


Direction and Similar Web3 Programs
The first sector to receive grants will be the tech area, which will focus on supporting teams preparing open-source development in certain key areas, including game development tooling, smart contracts and standards, core infrastructure, and community tooling. Game7 grants support goes beyond just economic assistance, as it includes access to tech support, mentoring, and early access to Game7 initiatives.
Game7 believes in Web3 gaming as a force that can empower gamers and gaming companies alike, allowing them to benefit and grow together. This is according to John Allen, a representative of Bitdao, who stated:

We believe this new model of games within a world where users and developers are aligned, has the potential to grant greater distribution of equity and ownership.

Web3 gaming has been one of the few areas of the cryptocurrency world that have continued to grow even amid the economic woes the industry faces, according to a report issued in September by Dappradar. Companies and VC funds such as Griffin Gaming Partners, Forte, and A16z have launched millionaire funding initiatives for companies involved in these types of projects throughout 2022.
What do you think about Game7’s $100 million Web3 gaming grants program? Tell us in the comments section below


Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming...

news.bitcoin.com

Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development

Justin Sun, crypto mogul and founder of the Tron blockchain, has scored another coup. Sun announced a few hours ago that crypto exchange Huobi Global has teamed up with the Tron DAO and DMC Labs to jointly launch the world’s first national token, the Dominica Coin (DMC).
Remarkably, the DMC token is the world’s first national token under the authorization of a national government, in this case the Commonwealth of Dominica.

@HuobiGlobal partnered with @trondao and DMC Labs to jointly launch the world's first national token, #DMC (Dominica Coin).
#Huobi also supports Dominica Digital ID for KYC verification. https://t.co/UFe6QEzIrr
— H.E. Justin Sun (@justinsuntron) November 29, 2022

According to Huobi’s announcement, the token will also be a gateway to the metaverse. For that, DMC provides a Tron network-based decentralized identifier (DID) that will be introduced “in due course.” This is also a first for a nation.
Subsequently, Huobi will also support the Dominica DID for KYC verification. DMC is slated to go on sale with the upcoming Huobi Prime event.
Tron Is The Designated National Blockchain Of Dominica
The issuance of the Dominica DID as well as the DMC token will initially happen via the Tron Network, with cross-chain interaction with Ethereum, BSC, and other public chains to be added via the BitTorrent chain protocol.
However, the Tron Network is “the designated national blockchain infrastructure of the Commonwealth of Dominica.” DMC will thus be based on the TRC 20 standard and is expected to be expanded to include the ERC 20 and BEP 20 standards.

“Our vision for DMC and Dominica DID is that they will serve as an important certificate for users to access the future Metaverse world,” the announcement continued.
Huobi users should be excited about the announcement, as the exchange will airdrop DMC tokens and enable the Dominica DID application to each registered user.
DMC holders will also have numerous benefits at the island state. Among other things, they will have the ability to obtain passports from the Commonwealth of Dominica under the citizenship by investment program.
In addition, the DID will be able to be used to open bank or financial accounts, apply for loans, KYC verification and business registration in accordance with local laws and regulations.
In a future phase of the Dominica metaverse, DMC will also be used as the base token for building the metaverse.
The Relationship Between Huobi And Justin Sun
The relationship between Justin Sun and Huobi has been puzzling the crypto community lately. The exchange with Chinese roots announced last month that co-founder and major shareholder Leon Li was selling his shares.
Subsequently, rumors surfaced that Sun is the new owner. While the crypto mogul dismissed the speculation, voices thickened that he is.

Last but not least, rumors also surfaced that Poloniex, the exchange Sun acquired from Circle in 2019, could merge with Huobi, sources familiar with the matter disclosed.
However, Sun dismissed those rumors as well, stressing that both companies are independent. However, when asked if a merger could happen in the future, he said it is “possible.”
Whether true or not, the HT token in particular experienced a rally recently. While the TRX price is seeing a modest gain of about 3% within the last 24 hours, the Huobi token (HT) is showing a stunning performance.
HT is up 10% over the last 24 hours, and up 46% with the last seven days.
HT is profiting from recent rumors and news. Source: TradingView


Justin Sun, crypto mogul and founder of the Tron blockchain, has scored another coup. Sun announced a few hours ago that crypto exchange Huobi Global has teamed up with the Tron DAO and DMC Labs to jointly launch the world&#8217;s first national token, the Dominica Coin (DMC). Remarkably, the DMC...

bitcoinist.com

Huobi Partners With Tron To Launch First National Token Dominica Coin (DMC)


The Curve DAO Token (CRV) price has decreased by 58% over the past three days. The reason for this could be several large, short bets causing heavy selling pressure.  



There seems to be a coordinated attack against CRV going on right now. The attack is happening on the Aave protocol. Well-known trader @Avi_eisen allegedly has an $8 million short bet on CRV. 



On the other hand, the Curve Finance founder Michael Egorov has $48 million of CRV supplied on Aave, which has a liquidation price of $0.259. While this is still a long way from the current price, it is worth keeping an eye on if CRV continues to fall. 



CRV Faces Liquidation Cascade



Triggering the liquidation level could cause a further cascade of the price decrease.  Additionally, a whale address borrowed 30 million CRV from Aave protocol today, possibly with the intention of shorting it and then afterward profiting if the CRV price continues to fall. 



Finally, another CRV shorter borrowed $20 million worth of CRV tokens from Aave and is currently dumping it in the OKX exchange. All in all, there seems to be a selling pressure of $58 million in the Aave protocol from just three traders. 



CRV/USDT Chart By TradingView



With these in mind, let’s take a look at the price movement and try to determine if the CRV price will trigger this liquidation level. 



While doing so, it reached a minimum price of $0.42 on Nov. 22. While this seemingly caused a breakdown from the channel, the CRV price has not reached a close below the channel since. Hence, the breakdown is not confirmed. 



However, CRV also broke down from the $0.58 horizontal support area, which is now expected to provide resistance. There are no close price levels that can act as support.



Finally, the daily RSI is falling and yet to generate any bullish divergence. As a result, the CRV price prediction is bearish. 



CRV/USDT Chart By TradingView



A drop below it would take the price to a new all-time low. Then, the 1.27 external Fib of the most recent drop is at $0.25, which would trigger the liquidation level. So, liquidation seems likely if a breakdown from the final support area at $0.35 occurs. 



This is also supported by the weekly RSI, which is below 50 and is decreasing. A significant bounce at the $0.35 area would invalidate this bearish CRV price prediction. 



For BeInCrypto’s latest crypto market analysis, click here.



Disclaimer: BeInCrypto strives to provide accurate and up-to-date news and information, but it will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
The post Multimillion-Dollar Short Bet on Curve DAO (CRV) Spells Trouble for Traders appeared first on BeInCrypto.


The Curve DAO Token (CRV) price has decreased by 58% over the past three days. The reason for this could be several large, short bets causing heavy selling pressure.  
The post Multimillion-Dollar Short Bet on Curve DAO (CRV) Spells Trouble for Traders appeared first on BeInCrypto.


beincrypto.com

Multimillion-Dollar Short Bet on Curve DAO (CRV) Spells Trouble for Traders

[PR – Geneva, Switzerland, 14th November, 2022, Chainwire]
The TRON Grand Hackathon 2022 Season 3 submission period came to a close on Monday, November 14, with more than 1000 registered to participate.
TRON DAO and BitTorrent Chain (BTTC) have an exciting lineup of 50+ partners and judges for Season 3. This innovation event draws together crypto’s most prestigious institutions to offer their expert opinions on which project will most accelerate the growth of the TRON ecosystem. The Judging period will be between November 29 to December 12. Five winners will be selected from each track. The winners of Season 3 will be revealed on Friday, December 16.
Season 3 #HackaTRON has a total of six tracks: DeFi, GameFi, NFT, Web3, Ecosystem, and Academy with an aggregate prize pool of $1.2 million.
The recently introduced Ecosystem track was created to attract Ethereum projects seeking to increase their impact. The focus of this season will be on cutting-edge, cross-chain solutions, and the widespread usage of blockchain technology. Due to its compatibility with the Ethereum Virtual Machine (EVM), TRON has always enabled cross-chain capabilities. Developers now have more choices for deploying and interacting with other L1 blockchain ecosystems via the BTTC bridge.
The new Academy track was carried out via an in-person event that welcomed more than 200 university students from seven top-tier schools consisting of Harvard, MIT, Yale, UPenn, Princeton, Northeastern, and Boston University. The “Hacker House” was on the Harvard campus and hosted up-and-coming blockchain developers with various projects over the past weekend. Teams competed for a share of the $74,000 prize pool, which was allocated specifically for this track. A new initiative called the TRON Academy Program, which looks to establish blockchain partnerships on college campuses across the globe, officially launched with the Hacker House event.
The TRON Grand Hackathon, a.k.a. HackaTRON, provides developers with the tools they need to create and implement DeFi, GameFi, NFT, and Web3 decentralized applications (dApps). TRON hopes to build a sizable, worldwide blockchain community and is actively seeking developer teams who wish to build in the TRON and BTTC ecosystems.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2022, it has over 120 million total user accounts on the blockchain, more than 4.2 billion total transactions, and over $11.8 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
The post TRON Grand Hackathon 2022 Season 3 Welcomes More than 1000 Participants appeared first on CryptoPotato.

[PR &#8211; Geneva, Switzerland, 14th November, 2022, Chainwire] The TRON Grand Hackathon 2022 Season 3 submission period came to a close on Monday, November 14, with more than 1000 registered to participate. TRON DAO and BitTorrent Chain (BTTC) have an exciting lineup of 50+ partners and judges ...

cryptopotato.com

TRON Grand Hackathon 2022 Season 3 Welcomes More than 1000 Participants


November 14, 2022 – Geneva, Switzerland


The TRON Grand Hackathon 2022 season three submission period came to a close on Monday, November 14, 2022, with more than 1,000 registered to participate.

TRON DAO and BitTorrent Chain (BTTC) have an exciting lineup of over 50 partners and judges for season three. This innovation event draws together crypto’s most prestigious institutions to offer their expert opinions on which project will most accelerate the growth of the TRON ecosystem.
The judging period will be between November 29 to December 12, 2022. Five winners will be selected from each track. The winners of season three will be revealed on Friday, December 16, 2022.
Season three #HackaTRON has a total of six tracks – DeFi, GameFi, NFT, Web 3.0, ecosystem and academy – with an aggregate prize pool of $1.2 million.
The recently introduced ecosystem track was created to attract Ethereum projects seeking to increase their impact. The focus of this season will be on cutting-edge, cross-chain solutions, and the widespread usage of blockchain technology.
Due to its compatibility with the Ethereum Virtual Machine (EVM), TRON has always enabled cross-chain capabilities. Developers now have more choices for deploying and interacting with other layer one blockchain ecosystems via the BTTC bridge.
The new academy track was carried out via an in-person event that welcomed more than 200 university students from seven top-tier schools consisting of Harvard, MIT, Yale, UPenn, Princeton, Northeastern and Boston University.
The ‘hacker house’ was on the Harvard campus and hosted up-and-coming blockchain developers with various projects over the past weekend. Teams competed for a share of the $74,000 prize pool, which was allocated specifically for this track.
A new initiative called the TRON Academy Program, which looks to establish blockchain partnerships on college campuses across the globe, officially launched with the hacker house event.
The TRON Grand Hackathon a.k.a. HackaTRON provides developers with the tools they need to create and implement DeFi, GameFi, NFT and Web 3.0 DApps (decentralized applications). TRON hopes to build a sizable, worldwide blockchain community and is actively seeking developer teams who wish to build in the TRON and BTTC ecosystems.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and DApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since mainnet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web 3.0 services boasting over 100 million monthly active users.
The TRON network has gained incredible traction in recent years. As of November 2022, it has over 120 million total user accounts on the blockchain, more than 4.2 billion total transactions and over $11.8 billion in TVL, as reported on TRONSCAN.
In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.
In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve – marking TRON’s official entry into decentralized stablecoins.
Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure.
On top of the government’s endorsement to issue Dominica Coin (DMC), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT and TUSD – have been granted statutory status as authorized digital currency and medium of exchange in the country.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Contact
Hayward Wong, TRON
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The post TRON Grand Hackathon 2022 Season Three Welcomes More Than 1,000 Participants appeared first on The Daily Hodl.


November 14, 2022 – Geneva, Switzerland The TRON Grand Hackathon 2022 season three submission period came to a close on Monday, November 14, 2022, with more than 1,000 registered to participate. TRON DAO and BitTorrent Chain (BTTC) have an exciting lineup of over 50 partners and judges for season...

Curve DAO price	$0.670415
Low - High 24H	$0.666328 - $0.690568
Market cap	$436.35M
Volume 24H	$45.27M
All time high	$15.37 -95.64% August 14th 2020
All time low	$0.331577 102.35% November 5th 2020
Genesis date	N/A

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