Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised

Parallel Finance announced winning Polkadot’s fourth parachain slot, with contributions totaling 10,75 million DOT–equating to roughly $300 million. In order to win the auction, contributors and investors vote by staking…

Continue ReadingParallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised

Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

As the market capitalization of Terra’s algorithmic stablecoin that tracks the value of the US dollar topped $8.5 billion–investors speculate what is driving the adoption and how exactly did UST…

Continue ReadingProminent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

Sanctor Capital’s latest mentees double down on NFTs, GameFi, and the metaverse

Sanctor Capital, a blockchain-focused investment firm, announced that eight new projects have completed its Y-Combinator-style program. In a press release shared with CryptoSlate, the company said that the hand-selected Beta…

Continue ReadingSanctor Capital’s latest mentees double down on NFTs, GameFi, and the metaverse