Today, there are important developments in the Bitcoin and altcoin market. The market is recovering after sharp declines. Bitcoin price is trading at $33,500, up 8%. Ethereum is also trading at $1,870, up 7% in the last 24 hours. We have compiled some of today's best altcoin news for you in our article, let's examine it together…
Here are the altcoin news that marked the day
1 – Theta Network completes the final step in launching Theta Mainnet 3.0
Theta Network , a decentralized video distribution network, announced the release of Theta Edge Node v3.0.6. This is an important step for the release of Theta Mainnet 3.0. According to the statement, Theta Mainnet 3.0 will start operating at block height 10968061 on June 30, 2021; Between 12 pm – 3 pm PT.
Specifically, with the release of Mainnet 3.0, staking Theta Fuel (TFUEL) tokens begins on the Edge Node. The latest version brings essential Mainnet 3.0 features such as:
A new wallet feature that allows users to send TFUEL returns to another Theta wallet.
A simplified Edge Node wallet feature.
It is important to note that Theta Network is a blockchain-powered video distribution network that allows users to earn tokens while watching content.
2 – COTI-backed WolframAlpha supports popular altcoin Cardano (ADA)
Blockchain platform COTI announced during Cardano 360 that WolframAlpha, a COTI-powered response engine, will adopt ADA Pay auctions for NFT. The move is a continuation of the collaboration between the popular altcoin Cardano, Input-Output Global (IOG) and COTI, an optimized platform for creating price-stable cryptocurrencies. It is also part of the Cardano Foundation's initiative to establish its NFT strategy. Christian Pasquel, head of Wolfram Blockchain Labs, said:
It's great to work with COTI and IO Global to bring this project to life. We want to take the NFT experience to another level and reach many communities. We've learned a lot about creating consumer-focused services. What started as a simple idea has grown into a truly amazing and powerful platform by closely examining and working with these two great teams.
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3 – Marvel Entertainment announces plans to launch NFT collectibles
Marvel Entertainment, a famous American entertainment company, announced that it is collaborating with VeVe, an online marketplace, to launch NFTs. This will allow followers to have NFTs representing 3D sculptures, digital comics and other items that can be viewed in a virtual showroom .
Veve currency “gems” will be used to purchase NFT products, they can also be sold on Veve's secondary market. However, more information will be provided in the near future.
4 – Pandemic Multiverse announces switch to popular altcoin Enjin (ENJ)
Pandemic Multiverse has announced that it is migrating to popular blockchain gaming and NFT platform Enjin (ENJ). The gaming network will now be live on JumpNet, Enjin's popular GAS-free and eco-friendly Blockchain. With the Enjin API and the GAS-free JumpNet Blockchain, the Pandemic team was able to complete the migration to the popular altcoin project Enjin in just a few weeks.
Pandemic is also trying to create two games: Pandemic Shooter and Pandemic Space Combat. They plan to create a game where all Pandemic NFTs can be used. Pandemic CEO Andreas Hennersdorf said of the development: “The availability of Enjin's API is enormous. We were able to fully integrate JumpNet before we even had time to reach the team.”
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5 – DAFI Protocol announces Super Staking will be live on June 30, 2021
DAFI Protocol, a blockchain that encourages users to stake tokens without the hyperinflation mechanism, has announced that Super Staking will go live on June 30, 2021. The new initiative will help users maximize dDAFI rewards, which will be available on multiple chains such as Polygon, Binance Smart Chain (BSC), and Ethereum . The official statement includes the following statements on the subject:
Super Staking can be thought of as Staking 2.0 where you get more than simple token rewards. Instead, you get dTokens that grow alongside the network. As a network gets more adoption, your dTokens multiply in reward amount.
A total of 3,000,000 DAFIs are expected to be allocated in the first month and the first dDAFI pool will take place at BSC on June 30, 2021. Super Staking DAFI will then be deployed on both Polygon and Ethereum.
6 – Remodeling the Sentinel network
Sentinel, a network based on powerful altcoin project Cosmos , has announced that its network is starting to monetize. Sentinel users are also starting to pay for bandwidth, while node hosts are gaining rewards in dVPN following the launch of Sentinel dVPN nodes on sentinelhub-2.
In a previous statement, the team stated that it will be a collaboration with innovators like Michael Michelini from the HNS Handshake ecosystem. The development therefore gives users access to websites built on Handshake, while giving users the opportunity to monetize their bandwidth.