Gamified Bitcoin accelerator 10n8 Little Dragon has raised $1.5 million in a fundraising round that lasted 72 hours.
Among the 50 investors and VC firms contributing to the round were Centauri Digital Asset Group, Mirai DAO, New Tribe Capital, 3M Capital, Ivan on Tech, SeedThrift Ventures, Boxmining, Spicy Capital and Satoshi Stacker.
Created with the goal of accelerating APAC projects and introducing them to English-speaking markets, 10n8 Little Dragon enables users to stake, play and earn across different pools and games.
The “viral utility token” project leverages the BRC-20 standard, an Ordinals protocol that lets users mint and transfer tokens via the Bitcoin blockchain. The project aims to “demystify and popularize this technology” and bring it to a wider audience.
10n8 Little Dragon’s ecosystem includes Dragon Pools, which offer staking-based yield in selected BRC-20 projects’ tokens, alongside Gamified Pools, which enable users to stake and receive yield in Bitcoin.
On-chain Inscriptions Is The New Paradigm 🧧🧡
The Ordinals protocol introduced the concept of Bitcoin Inscription, enabling the engraving of content onto satoshis (the smallest units of Bitcoin).
Ordinals are possible on Bitcoin because of two upgrades - SegWit (2017) and… pic.twitter.com/ATAFMXxoQY
Gamification is key to 10n8 Little Dragon’s ecosystem, which is launching with a Mini-Dragon Staking game, while participants in the Dragon Pool also gain access to the Red Envelope Hunter BRC-20 game.
Based on the traditional Chinese New Year custom of giving red envelopes, the Red Envelope Hunter game sees players competing for rewards—including the top prize of a Red Envelope containing Bitcoin.
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Ordinals are taking Bitcoin by storm. Ordinal Inscriptions, similar to NFTs, are digital assets inscribed on a satoshi, the lowest denomination of a Bitcoin (BTC). Inscribing on satoshis, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is possible thanks to the Taproot upgrade launched on the Bitcoin network on November 14, 2021.
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The game’s microtransaction system integrates BRC-20 tokens for native value transfers and reward mechanisms, with tokens including Toshipad (TSHX), Little Dragon (10n8), and others.
The project’s future roadmap includes additional Dragon Pools featuring alternative DeFi mechanisms, along with the development of an in-game Dragon Ordinals collection and a Unity-based metaverse game that will “expand on the original lore” of Little Dragon.
Botanix, a Bitcoin-based layer-2 blockchain, underwent its mainnet debut on Tuesday, Botanix Labs, the network’s creator, said in a press release.
The network is trying to support decentralized finance, or DeFi, applications, by mixing aspects of Ethereum’s design with crypto’s oldest network. Botanix supports trading, lending, borrowing, and staking “all in Bitcoin on Bitcoin,” the firm said in a press release.
Botanix, which was founded in 2023, said that its network is decentralized “from the...
The President Trump-backed crypto project, World Liberty Financial, has a new investor—which just snapped up $100 million worth of WLFI tokens.
In a joint statement with World Liberty Financial issued Thursday, United Arab Emirates-based crypto fund Aqua 1 Foundation said that it bought the large sum of WLFI tokens "to help accelerate the creation of a blockchain-powered financial ecosystem."
It added that the buy was helping merge the worlds of traditional finance and decentralized finance....
A hacker drained $9.6 million from Resupply, a decentralized stablecoin protocol linked to major DeFi players Convex Finance and Yearn Finance. They did it by manipulating token prices to exploit a critical vulnerability in the platform's exchange rate calculations.
The attacker artificially inflated the price of the cvcrvUSD, or Curve Vault for CurveUSD, token through targeted "donations" into an extremely thin market. Then they leveraged this manipulated price to borrow nearly $10 million wort...