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Daily Hot Token — Flare (FLR)
Despite the highly expected 25 basis point rate hike by the U.S. Federal Reserve on Wednesday, U.S. stock markets still took a tumble following the announcement. Meanwhile, the broader cryptocurrency market seems to be following suit, with Bitcoin and Ether down by 2.88% and 3.44% respectively in the past 24 hours as of the time of writing. The hot token for today is FLR, which has gained 2.46% in the past 24 hours.
FLR is the native token of Flare — an EVM-based Layer 1 blockchain. Flare is designed to empower an open, decentralized, and secure interoperable system that interconnects various blockchains. Flare boasts two main protocols, State Connector and Flare Time Series Oracle (FTSO), that aim to enable developers to explore and build a brand new world of decentralized and interoperable applications. Just last week, the chain released the first of 36 monthly FlareDrops, all of which would add up to a hefty 24.2 billion FLR that can be claimed by active Flare community members.
Check Out the Latest Prices, Charts, and Data of FLR/USDT!
Immutable and Polygon Labs have joined forces to build a dedicated gaming blockchain using innovative zero-knowledge technology. With this exciting partnership, decentralized game development will be accelerated, and we can likely look forward to a wider adoption of Web3. The launch of Immutable zkEVM, an EVM-compatible ZK-rollup powered by Polygon, is anticipated in the coming months. However, game developers can already begin accessing early documentation to start integrating with Immutable zkEVM. By utilizing the Immutable Platform and building on Immutable zkEVM, game studios of all sizes and independent developers can develop Web3-enabled games faster, easier, and with less risk.
Check Out the Latest Prices, Charts, and Data of MATIC/USDT and IMX/USDT!
Check out what else is buzzing in the crypto scene today:
Crypto Exchange Coinbase Suspends Algorand Staking Rewards (Link)
Telegram Users Can Now Transfer USDT Through Chats (Link)
Gaming Project Aavegotchi to Release Own Blockchain with Polygon Supernets (Link)