Solana DEX Drift Plans 100 Million Token Airdrop
Explore Drift's 100 million token airdrop, Adidas's Solana NFT sneakers debut, and OKX's new Ethereum L2 launch for crypto advancements.
Welcome to today’s edition of Datawallet Daily. Here are the key stories that are shaping the crypto landscape over the last 24 hours:
- Solana DEX Drift Plans 100 Million Token Airdrop
- OKX Introduces Ethereum L2 for Reduced Fees & Interoperability
- Bored Ape NFT Floor Price Hits 2.5-Year Low
- Adidas Launches $2,500 Solana NFT Sneakers in Stepn Game
Solana DEX Drift Plans 100 Million Token Airdrop
Drift, a decentralized exchange protocol on Solana specializing in crypto perpetual futures, is poised to airdrop 100 million DRIFT tokens to its users. This token launch, constituting 10% of the total one billion DRIFT supply, aims to enhance governance participation among its 180,000 active users.
Co-founder Cindy Leow indicated that the token generation and claim dates will be announced soon, with the launch expected in the upcoming weeks. Post-launch, Drift plans to transition into a multi-branch DAO to bolster protocol development and security. Since its inception in 2021, Drift has achieved over $20 billion in trading volume.
Introducing $DRIFT — the Drift Governance Token.
— Drift Foundation (@DriftFDN) April 16, 2024
DRIFT is the governance token of Drift Protocol, the largest open-sourced perpetual futures exchange built on Solana. pic.twitter.com/BGTBANpThH
OKX Introduces Ethereum L2 for Reduced Fees & Interoperability
Cryptocurrency exchange OKX recently launched X Layer, an Ethereum-based layer-2 network. Utilizing zero-knowledge proofs and Polygon’s chain development kit, X Layer enables faster, cheaper transactions and facilitates seamless connectivity with other Ethereum-based networks. With an EVM-compatible structure, developers can easily deploy or migrate DApps to X Layer without rewriting code.
X Layer’s integration with OKX’s ecosystem offers users access to multiple DApps, token swaps, and smart contract functionalities. OKX’s native token, OKB, plays a pivotal role within the X Layer ecosystem, serving as the primary currency for transaction fees.
Hiya creators, builders, founders 👩💻👨💻
— X Layer (@XLayerOfficial) April 16, 2024
🚨 We're opening X Layer Mainnet to the Public 🚨
With +200 dApps building, X Layer is now accessible to everyone, not just developers.
Experience the power & security of our zkEVM L2 network firsthand.
Start building:… pic.twitter.com/K59dg0sJrG
Bored Ape NFT Floor Price Hits 2.5-Year Low
The Bored Ape Yacht Club (BAYC) NFT collection has seen a significant drop in its floor price to 11.1 Ether (ETH), marking a 90% decrease from its peak of 128 ETH in May 2022 and reaching its lowest since August 2021. This decline reflects a broader downturn in the NFT market, with BAYC’s floor price now close to its initial levels four months post-launch in 2021. Despite this, select NFTs like BAYC #830 still command high prices, such as a recent sale at 504.3 ETH ($1.92 million). Meanwhile, CryptoPunks, the largest NFT collection by market cap, has experienced a less severe drop of 64%.
#BAYC NFT floor price hits lowest point in over two and a half years 🧵👇 pic.twitter.com/85IJJpFtUL
— Cointelegraph (@Cointelegraph) April 16, 2024
Adidas Launches $2,500 Solana NFT Sneakers in Stepn Game
Adidas has teamed up with the move-to-earn game Stepn to launch a collection of virtual running sneakers as Solana NFTs. The first release from the Stepn x Adidas Genesis Sneakers collection will feature 200 NFTs priced at approximately $2,500 each, using Stepn’s native token, GMT. The sneakers will be available on MOOAR, Stepn’s NFT marketplace, with subsequent drops through a public raffle.
This partnership, blending physical and digital elements, marks a new direction in lifestyle rewards, merging real-world activity with digital incentives. This collaboration also includes plans for further NFT releases and physical products over a year-long partnership.
STEPN x adidas: Step into the Future.
— STEPN | Public Beta Phase VI (@Stepnofficial) April 15, 2024
We are proud to announce that we are teaming up with @adidas and @altsbyadidas for a long-term collaboration, to revolutionise the lifestyle app ecosystem, and bring global adoption to @fslweb3.
This groundbreaking partnership will contain… pic.twitter.com/qN2xTNcbD6
Other breaking news
- Norway Aims to Regulate Crypto Mining via Data Center
- Bitcoin Runes Launch at Halving: All You Need to Know
- Vitalik Buterin Endorses Railgun, North Korea’s Preferred Coin Mixer
- Puffer Raises $18M Led by Brevan Howard, Electric Capital
- Grayscale’s GBTC Halves Bitcoin Holdings Since Spot ETF Launch
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