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Circle is set to launch its U.S. Dollar-pegged stablecoin , USDC, on the Celo blockchain network . Initially a standalone blockchain network , Celo is transitioning to become a part of the Ethereum network as a Layer 2 scaling solution, aiming to improve its performance and capacity. 1/ Native $USDC is coming to @Celo! Celo is a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. Explore what native USDC on Celo means for the ecosystem. https://t.co/ctUn9yWLDb — Circle (@circle) January 30, 2024 “Circle is proud to join the mission-driven Celo ecosystem as a blockchain that’s known for providing fast, low-cost payments worldwide,” Shamus Noonan, Senior Manager of Business Development at Circle, said in a statement. “This partnership will help broaden access for USDC and leverage Celo’s mobile-first user-base in regions where blockchain adoption is highest....

In a significant move to bolster the development of its network, the Hedera Council is allocating an additional 4.86 billion in its native HBAR token. The council, which oversees the running of the Hedera network, announced the decision, which underscores Hedera’s increased commitment to ecosystem development, in a Jan. 12 blog post. The Hedera Council has today announced that it has voted to give the board approval to allocate 4.86 billion HBARs of additional funds toward further development of the Hedera network and enabling its decentralized governance. The vast majority of that allocation – 4.248 billion … — Hedera (@hedera) January 12, 2024 According to the post, the lion’s share of this allocation, 4.248 billion HBARs, is set to be distributed amongst existing initiatives, including the HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation. The disbursement of these funds is planned for the first quarter of 2024 to the HBAR Foundation an...

Layer 2 blockchain Manta Pacific has chosen to integrate Celestia’s modular data availability solution to reduce user transaction fees. The partnership aims to empower Manta with Celestia’s data availability sampling, enabling light nodes to verify data availability without downloading the entire block. Celestia underneath Manta Pacific becomes the first L2 to migrate to Celestia modular DA https://t.co/BkDE8EJh7b — Celestia (@CelestiaOrg) December 18, 2023 Kenny Li, co-founder and core contributor at Manta Network, expressed enthusiasm about the collaboration, stating, “We’re leveling up Manta Pacific by taking it to Celestia to benefit our users with a more cost-effective and secure network environment.” You might also like: Coinbase, others raise $78m for pro-crypto super PAC This decision mirrors a broader trend within the blockchain ecosystem, as other rollup projects, such as Polygon Labs and Arbitrum, also opt to integrate C...

SocialFi is the new crypto trend of 2023 The expansion of SocialFi into the DeFi (Decentralized Finance) and Web3 social media markets represents a significant convergence of digital finance and social interaction. SocialFi is bridging the gap between traditional financial systems and the emerging Web3 landscape, enabling users to seamlessly integrate their social media presence with decentralized financial services. This expansion empowers users to leverage their social capital and online interactions to access financial opportunities within the DeFi space. By integrating social data and reputation into the DeFi ecosystem, SocialFi introduces innovative ways for individuals to tokenize their web2 profiles like Twitter accounts to make them valuable assets.   Sociogram – the rising star of SocialFi Here comes Sociogram – the first ERC20-based SocialFi social media. What are the main advantages and how did the team behind Sociogram reinvent SocialFi after the Frie...