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Additionally, Blur founder Tieshun Roquerre raised $40 million to contribute to the Blur ecosystem. Tieshun Roquerre, the founder of NFT marketplace Blur (also known as “Pacman”), is launching a new layer-2 network where users can reduce transaction costs for digital collectibles. In a thread posted to X on Nov. 21, Roquerre addressed high network fees, saying “hundreds of millions have been spent on gas trading NFTs.” Two of the biggest opportunities we see for NFTs are reducing transaction costs and institutional-grade NFT perps. Hundreds of millions have been spent on gas trading NFTs, and perp volume is 6x bigger than spot. These opportunities require an L2. — Pacman | Blur.io (@PacmanBlur) November 21, 2023 Moreover, Roquerre says “almost every” decentralized application, or DApp, on a blockchain has an issue when users lock up their funds in pools, which do not generate yield for them. “This means that Blur users are losin...

Join Our Telegram channel to stay up to date on breaking news coverage THORChain, one of the crypto industry’s cross-chain liquidity protocols, recently had to halt its network once again. This time, the network was paused as a precautionary measure as new claims of potential vulnerabilities emerged. In order to address the reports and assess the dangers, the developers paused the network rather than allow it to continue and risk someone misusing the vulnerabilities . THORChain network comes to a stop due to a vulnerability investigation THORChain announced that it halted all trading earlier today, March 28th, in a Twitter announcement. “There are claims of a potential vulnerability with a THORChain dependency that may affect THORChain. Out of an abundance of caution, trading has been paused while an investigation is undertaken. The validity of the claim is currently being assessed and verified. All funds can be verified at https://viewblock.io/thorchain/vaults...