Latest

Weekly Report (Aug-15)

All about blockchain, metaverse, hacks and NFTs

First Audit Report

We are delighted to share the results of our first protocol security audit, which was completed in July. BlockSec, an industry leader in securing dApp ecosystems, crypto-hack monitoring, blocking, and smart contract audits, has completed its review and audit of our protocol. Neptune Mutual helps safeguard the Ethereum community from

Weekly Report (Aug-8)

All about blockchain, metaverse, hacks and NFTs

What is DeFi Insurance? | Neptune Mutual

Let’s first examine what attributes make DeFi so attractive so that we can understand why so much capital is invested in this space. Decentralised finance, or DeFi for short, is a growing ecosystem of financial protocols and applications that are built on the Ethereum blockchain. By utilising Ethereum’s

Monthly Review - July 2022

TL;DR * We were delighted to have been invited to participate in a Twitter Space discussion hosted by Polygon DAO. * The winner of the third round of NPM Rising Stars was announced, following which the first trimester of the competition came to an end. * We have completed our first round

Weekly Report (Aug-1)

TL;DR * Nirvana Finance was exploited using a flashloan attack draining $3.49 million. * Hyundai has re-entered the NFT space with its second digital collectible collection. * Coca-Cola held an NFT Airdrop to mark its Metaverse Anniversary. * The MTV VMAs debut category for best Metavserse performance. With the cryptocurrency and blockchain

Understanding Underwriting Capital: Not all pools are alike … know a pool before you jump in

Many liquidity providers express dissatisfaction with “lock-ins” and the inability to exit insurance protocols, particularly when this comes as a surprise, in what we call an opaque pool.

Weekly Report (Jul-25)

TL;DR * Hackers exploited Audius smart contract vulnerabilities robbing them $1.1 million * The Nelson Mandela Foundation launched NFTs for Mandela Day. * FC Barcelona is set to embrace web3 world with an NFT auction. * Cadbury Gems ventures into the realm of NFTs. Crypto scams, hacks, exploits, rug-pulls, and fraudulent activities

Diversified Cover Pools increase the options available to liquidity providers and cover purchasers alike. Is this the route to scaling adoption of digital asset cover protection?

Underwriting capital (liquidity) is the lifeblood of any insurance entity. The same is true for blockchain cover protocols where the ability to source liquidity is one of the principal factors defining a protocol’s ability to scale the amount of protection it is able to offer. The Neptune Mutual community

NPM Rising Star Third Month Winner Announcement

Each month of the three month Rising Stars program, Neptune Mutual chooses someone from the top six users with the highest levels of participation within the community - the rising star. Rising Stars are members of the Neptunite community who have made significant contributions to discussion forums and helped to

Weekly Report (Jul-18)

TL;DR * Playboy is planning to introduce the first MetaMansion in The Sandbox metaverse. * GameStop has released its public beta NFT marketplace. * Yuga Labs has opened Otherside for 'First Trips' in the Bored Ape Metaverse. * Flipkart and Nothing have partnered up for first NFT Drop on FireDrops. NFTs appear to

Report and Earn: How You Can Earn Rewards by Reporting Incidents

Understand the importance of reporting hacks and exploits. Discover the process of how incident reporting works and the rewards that can come with it. Without a doubt, blockchain technology is inherently secure, however, the same cannot be said of the smart contracts built on top of it that offer so

Monthly Review — June 2022

TL;DR * The winners of the second month of NPM Rising Stars have been announced; the third and final month of the series of Season 1 is currently underway. * Major protocol updates include support for diversified cover pools, the addition of POT tokens, and much, much more. * We’ve prepared

Weekly Report (Jul-4)

All about blockchain, metaverse, hacks and NFTs TL;DR * Crema Finance suffered a flash loan attack losing roughly $8.782 million worth of assets; OpenSea reported their email data breach. * Facebook began testing NFTs with select content creators in the US. * KPMG has made its first foray into the metaverse

Weekly Report (Jun-27)

TL;DR * The Horizon bridge on Harmony was hacked; the attacker stole over $100 million. * XCarnival loses approximately $3.8 million dollars from exploited smart contract vulnerabilities. * Cristiano Ronaldo and Binance partner up to release exclusive NFT collections. * Shopify unveiled tokengated commerce for online retailers; eBay acquired UK-based NFT Marketplace.

Confessions of a Scammer: How to Avoid Crypto Scams and Exploits

When bumping into the topic of hackers and scammers, we tend to picture the stereotypical masked figure in a black hoodie hiding in the shadows, facing a red or green screen with thousands of lines of code, and hands typing faster than light. Surely, you’ve seen those characters in

Weekly Report (Jun-20)

TL;DR * Inverse Finance suffered from a flash loan attack and lost $1.26 million. * Tag Heuer rolled out NFT-enabled smartwatch models. * Wimbledon releases the NFT Project honouring the centennial of Centre Court. * Nickelodeon teamed up with Recur to release an NFT drop featuring their most popular characters to the

NPM Rising Star Second Month Winner Announcement

We have compiled a wide range of activities and initiatives for the members of our community to do and we both recognise and reward the contribution of members. One such program is the NPM Rising Star, a marketing initiative, where community members can win up to $1000. The Rising Stars

Bootstrapping Cover Pool Liquidity: How Do We Encourage Our Community to Fund Our Cover Pool?

Incidents in the DeFi space happen, and when they do, they can cause serious financial damage. Neptune Mutual’s marketplace allows DeFi, CeFi and metaverse projects to create cover pools with parametric cover policies that protect digital assets and are designed to meet the needs of their own project and

Weekly Report (Jun-13)

TL;DR * Wintermule suffered a $20 million loss via multi-signature address transfer vulnerability. * Osmosis endures from Liquidity Pool Vulnerability; Gym Network hacked due to a function vulnerability losing $2.1 million in asset value. * The English Premier League filed for Metaverse and NFT trademarks. * Budweiser teams up with Zed Run

Be Aware of the Bear! Crypto Crash Heightens Awareness of Risks & Hacks, But Is This Enough to Drive Mainstream Adoption of Digital Asset Protection?

One of the principal reasons for widespread adoption of Amazon’s marketplace is convenience: fast search and comparison of products, fast purchase (one-click), fast delivery (same-day in many countries), and reliable service (Amazon’s A-to-Z guarantee). Uber, AirBnB and many other success stories have utilised a similar mix of ingredients

Weekly Report (Jun-6)

TL;DR * Bored Ape Yacht Club and Otherside Discord servers gets compromised with over 145 ETH worth of assets stolen; 2 MAYC and 8 Cool Cats NFTs were lost in another phishing scam. * Mirror Protocol gets exploited by an oracle manipulation bug draining more than $2 million in digital assets.

Monthly Review — May 2022

TL;DR * We raised $5.3 million in a private funding round following our testnet launch. * We collaborated with our Discord community and a few other partners to host a series of AMAs. * Two lucky users unlocked the gold vaults and silver box as a part of the Testnet Winner

Weekly Report (May-30)

TL;DR * Beeple’s Twitter account gets hacked in a targeted phishing scam. * eBay launches its first non-crypto mainstream NFT collection. * GameStop releases a beta version of their own cryptocurrency and NFT self-custodial wallet. * Oracle Red Bull Racing releases NFTs on the Tezos blockchain. * Gucci builds a permanent presence on

Neptune Mutual x AVStar AMA Recap

AMA Info Date: May 25, 2022, 9:30PM HKT Place: AVStar Telegram https://t.me/AvstarCapital We’d like to thank everyone who participated in the AMA Session. We appreciate all of your assistance. In case you missed it, here’s a recap of the entire session! Part 1. Introduction

Capital Requirement: How to Measure It and Why It Matters A Lot

Let’s start at the end with why capital requirement matters: What happens when more capital is required than there is capital? Avid Neptune Mutual blog readers will have read one of our recent articles, Don’t Be a Salmon in a Bear Market, and recall a line that reminds

Weekly Report (May-23)

TL;DR * Seth Green, Family Guy voice actor, fell victim to a phishing attack, losing multiple popular NFT collections. * Robinhood prepares to release an NFT-compatible cryptocurrency wallet. * Spotify reportedly testing NFT galleries on musician profiles. * OpenSea releases The Seaport marketplace protocol to enable NFT bartering. * Comic-Con India joined the Metaverse

Don’t Be a Salmon in a Bear Market

With prices dropping double-digits every day, the crypto market is not an easy place to be right now; particularly if you are swimming with the crowd in the mainstream crypto space. The risk of being bitten by the bear is real, and the consequence is unpleasant, as social media posts

Terra Luna — Crisis Explained

On May 7, Terra’s ecosystem was targeted in what appeared to be a coordinated attack, resulting in one of the biggest drops in cryptocurrency prices since the financial crisis of 2008, wiping out billions of dollars in long positions on major exchanges. For most of the week, the Terra-backed

Neptune Mutual First Community AMA Recap

AMA Info Date: May 13, 2022, 9:30PM HKT Place: Neptune Mutual Discord https://discord.com/invite/2qMGTtJtnW We’d like to thank everyone who participated in the AMA Session. We appreciate all of your assistance. In case you missed it, here’s a recap of the entire session! Part

NPM Rising Star First Month Winner Announcement

The NPM Rising Star is a part of our marketing initiative, where community members could possibly win up to $1000. The Rising Stars are members of our community who have contributed to our community discussion channels and helped to shape our future in a meaningful way. The first round of

Weekly Report (May-16)

TL;DR * Instagram is set to support NFTs on multiple chains * Mr. Bean digital collectibles are being launched on the Ethereum network * Madonna partnered up with Beeple to launch an exclusive NFT collection * NASA has partnered with Epic Games to launch a Martian Metaverse simulation * Nexus Mutual and Liquity protocols

Neptune Mutual Protocol raises 5.3M$ in a private funding round after successful testnet launch

Neptune Mutual, the parametric cover protocol, has successfully closed a private round of $5.3M. Investors include: exchange venture funds from XT.com, Gate io, Bitmart; venture funds that have a portfolio of DeFi/metaverse projects, such as LD Capital, Mapleblock Capital, Pulsar Global, The DuckDao, Dweb3, Redline DAO, and

测试网获奖者结果公布

Neptune Mutual 测试网自2022年3月10日上线以来，社区小伙伴们踊跃参与测试，不断刷新排行榜上的排名，至今仍令我们记忆犹新。 在测试期间，用户有机会和我们的协议进行互动，开展创建保障池，购买保单，提交bug报告，以及质押测试用NPM代币取得额外奖励等一系列的活动。 我们非常感谢所有小伙伴们的积极参与。接下来我们会推出更多的比赛及赏金计划，敬请期待。 现在我们将公布获奖者名单及奖品。基于大家在测试期间的参与度，我们挑选了其中活跃度最高，完成项目最多的两位用户，他们将获得本次测试网竞赛的特别大奖。我们同时挑选了另外100名活跃用户，感谢他们在测试期间对项目的大力支持及提供宝贵的反馈意见。 我们衷心祝贺所有的获奖者。在奖品发出之前，还请所有获奖者继续保持在我们的discord，telegram和其他社交媒体平台的活跃度。 激动人心的时刻到了！Neptune Mutual测试网“开启金库”竞赛的获奖者及奖品如下： baikaishui#8868 获得”开启金库”大奖 baikaishui#8868将获得价值$1000美金的NPM代币 （基于公开发行时的价格）以及

Announcing the Testnet Winners

The Neptune Mutual protocol testnet, which went live on March 10, 2022, is still fresh in our minds. Using our testnet protocol, you and other members of the community amassed points and moved up the scoreboard. During the testing period, testnet users had the opportunity to interact with the protocol,

Neptune Mutual x ICO Pantera AMA Recap (한국어 번역)

AMA Info Date: May 09, 2022, 8PM KST Place: ICO Pantera Official Telegram Channel (https://t.me/panteragroup) We’d like to thank everyone who participated in the AMA Session. We appreciate all of your assistance. In case you missed it, here’s a recap of the entire session: Part

Weekly Report (May-9)

TL;DR * OpenSea discord server falls victim to a phishing attack. * Kraken joins the ranks of centralized exchanges with an NFT marketplace. * Mercedes partners with FTX to release an F1 NFT collection. * Pepsi launches a new set of digital collectibles focusing on female artists. * Nexus Mutual joins the list of

Monthly Review— April 2022

Partnerships We are thrilled to have SupraOracles join us on our mission to provide parametric cover pools based on stablecoins for proper risk management. SupraOracles’s mission is to enable traditional capital markets with the web3 environment in order to solve the oracle conundrum, and eventually power the future of

Weekly Report (May-2)

TL;DR * BAYC Instagram exploited, hacker steals $2.7 million worth of NFTs. * Deus Finance got hacked with over $13 million worth of digital assets stolen. * OneFootball enters the metaverse with recent funding from Animoca Brands. * Meta prepares to launch a retail store for the Metaverse. * French fashion house Dior

Privacy Coins Aren’t Made to Protect Digital Assets

In its infancy, around a fourth of DeFi users took advantage of blockchain technology to hide illicit transactions. Back then, cryptocurrency exchanges didn’t usually enforce a KYC process, and from this, the use of crypto in money laundering and cybercrime slowly became common. Consequently, this made it incredibly difficult

Weekly Report (Apr-25)

TL;DR * Coinbase launched a beta version of its NFT marketplace. * Hyundai becomes the first car manufacturer to release community NFTs. * 9GAG took memes to the next level with the release of its NFT collection. * Decentraland is set to host the first-ever marathon in the Metaverse. * ORIGYN and the UEFA

Is Your Web 3 Project Protecting its Community?

Successful attacks on blockchain platforms and protocols have become increasingly common in recent times, raising questions about how stakeholders can better improve the security and integrity of their communities. People and capital are flooding into the blockchain space like never before. So much so that governments all over the world

Neptune Mutual Testnet Review — Coded Better than Ever

Looking back, we couldn’t have anticipated such a large and active participation in the rollout of our application on the testnet. We really appreciate this input from our community. Many thanks to everyone who joined us in trying out our protocol and for all those great comments shared on

Announcing NPM Rising Stars

Why Should You Join the NPM Rising Stars Contest? Because it enables you to make a positive difference in our community building exercise. Neptune Mutual project safeguards the Ethereum community from cyber threats to contemporary financial products. Our investor network, partners, and community have all been formed on the principle

Weekly Report (Apr-18)

TL;DR * Beanstalk Farms weathered through a $182 million loss from a governance flaw. * Line launched its own NFT marketplace as Line NFT. * Punk6529 unveiled OM, an open Metaverse museum district. * Emirates is preparing to fly into the NFT space. * Sega intends to release NFTs for Sonic the Hedgehog and

Protocol Parametric Protection: Covering the Basics

The crypto market is often volatile. This means delays that get compensated for losses can be highly problematic. A challenge traditional insurance models are struggling to surpass. Protocol parametric protection offers a simpler alternative with defined terms and wider coverage. More importantly, it is versatile and flexible enough to accommodate

Weekly Report (Apr-11)

TL;DR * The UK government expected to embrace the Web3 initiative by releasing its own NFT. * Mastercard filed for multiple Metaverse trademarks. * VeVe partners with Coca-Cola to create a limited NFT series; ESPN released its Tom Brady NFT Collection. * Cyber Yachts unveiled the world’s most expensive NFT, priced at

Cyber Criminal Whales: The Rise of Crypto Syndicates

Crypto crime is undoubtedly an ever-present risk to both huge projects and your everyday retail investor. Syphoning billions in digital assets, several illicit transactions find their way to a few crypto wallets⁠ — owned by cybercriminal whales. Early this year, authorities seized over $3.6 billion worth of $BTC in what

How Bonds Work on Neptune Mutual

With Neptune Mutual, users can supply liquidity into a decentralised exchange (DEX) by adding a DAI-NPM pair. In return, users get a proof of deposit (POD) token they can use either to reclaim the DAI/NPM liquidity they supplied, or to exchange it for discounted NPM tokens in the Neptune

Weekly Report (Apr-4)

TL;DR * In one of the largest crypto hacks of all time, the Ronin Network lost over $600 million in stolen digital assets. * Inverse Finance suffered a $15 million loss in a manipulation bug exploit. * OpenSea announced its upcoming integration with the Solana blockchain. * Liverpool Football Club launched LFC Heroes

Neptune Mutual Monthly Report — March 2022

Partnerships Attracting investment from industry leaders is a vote of confidence in our team’s expertise and the project’s potential for growth. We have continued to add high-profile investors to our cap table and we are excited that during the month of March, XT.COM has joined our list

Neptune Mutual Bond Pool Feature Unlocked

This Thursday, March 31, 2022, at 12 PM HKT, we’ll be releasing our newest protocol feature yet — Bonds. Designed to further incentivize supplying liquidity on the platform, our Bond feature will give liquidity providers access to NPM tokens at a much lower price. Check out this step-by-step guide on

Weekly Report (Mar-28)

TL;DR * Cashio suffered a flash loan exploit resulting in a loss of assets worth $48 million. * VeVe suffered an exploit; Arthur Cheong lost $1.7 million in an NFT phishing scam. * Meta has filed for multiple digital asset and Web3 trademark applications. * Line announced their plans for an NFT

NPM Testnet Features Unlocked: Staking and POD Staking

Besides being user-centric, Neptune Mutual is also a community-centred protocol. We believe that blockchain projects thrive and achieve greater goals because of their communities. It is our mission to bring together user communities and gather support for their favourite protocols by becoming liquidity providers. That’s why we’re so

Weekly Report (Mar-21)

TL;DR * Agave DAO and Hundred Finance lost $11.7 million in a reported flash loan attack. * Mark Zuckerberg announced Instagram’s plan to integrate NFTs. * Spotify is planning to integrate NFTs and cryptocurrency into its platform. * Coinbase has revealed plans to launch an NFT marketplace. * American Express has filed

Cover Creators: How Cover Protocols Help Build Confident Investor Communities

A cover creator prioritises digital asset security and risk mitigation. They create cover pools to offer their user base and investor community a choice in the way they manage their exposure to risks associated with their platform. Cybercrime, hacking, and exploits have been a common practice, resulting in large losses

Neptune Mutual Launching on the Polygon Testnet

Our protocol testnet launch just got a whole lot better! First of all, we’re transferring Neptune Mutual on the Polygon Testnet this Thursday, March 17, 2022, at 12 MN UTC. New features will be unlocked at the same time as well. Yes, we heard you! Being a faster and

Weekly Report (Mar-14)

TL;DR * The Sandbox announced its partnership with World of Women to launch WoW Foundation. * The Bored Ape Yacht Club shared its interest in the first NFT focused dating application. * Behance has added support for Solana-based NFTs. * LimeWire announced its plans to resurrect as an NFT marketplace. * Crypto.com released

Partnership Announcement between XT.COM and Neptune Mutual

Founded in 2018, XT.COM is the world’s first social-infused exchange. It has more than 3 million registered users, 300,000+ active users every month, and over 30 million users in its ecosystem. At the time of writing, XT.COM ranks no.33 on both CoinMarketCap and CoinGecko amongst

Neptune Mutual Testnet is LIVE

After all the time, effort, and brainpower put in towards the launching of our testnet protocol, our team can’t be more excited and proud to present to you Neptune Mutual’s public testnet. The amount of passion and dedication invested in this testnet comes alive with how smooth and

Unlock the Gold Vault — Neptune Mutual Testnet Launch

Since day one, our users and the blockchain community have always been at the core of our project’s mission. As a user-centric platform, we want to include you, our users, in the process to create a platform that’s designed by you. So, coming this Thursday, March 10, 2022,

Weekly Report (Mar-7)

TL;DR * Treasure DAO hacked with $1.4 million worth of NFTs. * The South Korean ministry pledged $187 million to develop a national metaverse initiative. * FC Barcelona revealed plans to develop their native cryptocurrency, metaverse, and NFT collection. * CVS Health filed for NFT-related trademarks in the Metaverse. * Billie Eilish has

Monthly Report — February 2022

Community Engagement We were able to substantially increase the size of our social media communities thanks to an incredible effort by the marketing team and the support of a number of our investment partners who helped promote our activity over the course of February. These actions helped us grow the

Weekly Report (Feb-28)

TL;DR * Animoca Brands has partnered with Cube Entertainment to create the music metaverse, AniCube. * Binance has partnered with SM Brand Marketing to establish a Play-to-Create (P2C) NFT ecosystem; FTX introduced an “NFT as a Service” for mainstream gaming studios. * Rakuten has announced the launch of its NFT marketplace in

DeFi Moving Forward: Digital Asset Security

It is without a doubt DeFi and cryptocurrencies are a thousand times more relevant topic than it was 10 years ago. Today, you can find news about the crypto market in almost all media channels, from TV to newspapers. Bitcoin’s market growth rate can now even be seen alongside

Parametric Cover: Covering the Basics

How parameter-based covers work Some losses are difficult to quantify. While it’s easy to quantify loss or damage to a car or the contents of a home, it’s not as straightforward when it comes to quantifying loss caused by agricultural and environmental disasters. Hence why parametric covers exist.

DeFi Crime Data Review and Tips on Digital Asset Security

Chainalysis, the blockchain data platform, shared their latest Crypto Crime Report for 2022, revealing surprising information about the state of crime in the digital finance industry. As a DeFi protocol that values digital asset security and protection, we wanted to share our insights on bad actors in the DeFi space,

Neptune Mutual — Weekly Report (Feb-21)

TL;DR * OpenSea reportedly suffered a $1.7 million exploit from stolen NFTs. * Animoca Brands has opened a subsidiary in Japan, with hopes to extend their market into NFTs and the Metaverse. * JPMorgan became the first major bank to move into Metaverse. * NYSE and Victoria’s Secret have filed multiple

Are Stablecoins Decentralised?

Majority of cryptocurrencies are super volatile assets. Many times cryptocurrencies have proven they can be more volatile than securities and other popular investment assets. Some have even gone up ten times in value in a matter of days. This makes them an interesting investment for many high-risk retail and institutional

Financial‌ ‌Protection‌ ‌of‌ ‌Digital‌ ‌Assets:‌ ‌Covering‌ ‌the‌ ‌Basics‌

As blockchain-based digital assets grow in popularity and global adoption, so do theft and other malicious criminal activities. With trillions of dollars on the line, users can benefit from financial safety nets that give users peace of mind and increased confidence in current and emerging digital assets. Overview of the

Creating Value Out of Collaterals: How Do Stablecoins Remain Stable?

Stablecoins stand out in the DeFi space for being unlike its other more popular cryptocurrency counterparts. They’re secure, fast, and cost-effective. But most of all, they’re known for their ability to maintain prices amidst being in a super volatile market. Stablecoins are somewhat digital reserve assets in which

Weekly Report (Feb-14)

TL;DR * The United Nations has approved an NFT standard initiative led by Tencent. * McDonald's and Panera Bread have filed multiple trademarks for NFTs, and virtual restaurants. * Aave has launched Lens Protocol, the web3 social media platform. * Legia Warsaw became the first European club to partner with an NFT agency;

How DeFi Fits in with Everything Crypto

Newly baked and barely out of the innovation oven, DeFi already takes up a huge slice of the crypto pie. Making it important for us to understand how it fits in with the present and future of the blockchain industry. Both new and seasoned investors set their sights on DeFi’

DeFi-ning DeFi: A Beginner’s Intro to Decentralised Finance

Fast-growing. Controversial. Revolutionary. DeFi or decentralised finance is the latest emerging tech that’s turning heads in the crypto market. Coined in August 2018 by a bunch of Ethereum devs and entrepreneurs in a Telegram chat, the similarity between the term DeFi and ‘defy’ isn’t coincidental. It truly was

Weekly Report (Feb-6)

TL;DR * Wormhole hacked, losing 120,000 wETH worth $323 million. * Gamestop and Immutable X announced its $100 million joint NFT venture. * NFL set to offer souvenir NFTs to every Super Bowl attendee. * John Legend launched his new music and art NFT platform. * Marvel Mightys adds Spiderman collectibles on the

A Future with Stablecoins: How to Use Stablecoins to Grow in the Crypto Market

What makes stablecoins — stable? Think of stablecoins as a sort of anchor. Useful given the extremely volatile nature of the cryptocurrency market. Stablecoins are digital reserve assets in which the value remains virtually unchanged no matter how big the waves of crypto volatility move the market. It is a form

Social Media Competition #3 Winner Announcement

Congratulations to the 5 lucky winners of our 3rd social media competition! Way to go, sumomonlee! You won our 150 BUSD 1st prize. Congrats to yukselfa2, forealkei, drteknikanaliz, and Thuseven as well for winning 50 BUSD each. Our team at Neptune Mutual will send your prizes to the respective wallets

Weekly Report (Jan-31)

TL;DR * OpenSea exploited draining 332 ETH, worth $800K. * Qubit Finance exploited for over $80M. * Youtube is planning an NFT Integration for content creators. * Kevin Hart and Justin Bieber purchase BAYC’s NFT worth 79.5 ETH and 500 ETH. * India’s first 10K NFT Project, CryptoSauga Star Club has

DeFi vs CeFi: What’s the Difference?

Centralized Finance (CeFi) CeFi or Centralized Finance is a system of cryptocurrency trading managed by central exchanges. It’s run by fund managers and professionals that work on the development and operational processes of these exchanges. When you trade on a centralized exchange you are bound by the rules imposed

How will DeFi change the financial game in the long run?

What is DeFi? DeFi is an abbreviation used to describe decentralized finance that runs on blockchain technology. To put it in simple terms, a financial system that operates on automated processes built on the blockchain without the management of a central exchange. Let’s understand how it works As of

Weekly Report (Jan-24)

TL;DR * Crypto.com hacked losing over $34 million, 483 users affected * Coinbase, Bithumb, and Walmart rolled out development plans in the NFT sector, ByBit officially launched their dedicated NFT marketplace * Animoca Brands raised $358 million to grow the metaverse space * Twitter released a paid subscription based NFT feature * Nirvana

Weekly Report (Jan-17)

TL;DR * Lex exploited losing $7.94 million worth of assets. * Ghozalo, an Indonesian student becomes a millionaire by selling his selfies as NFTs. * Cardano launched its NFT metaverse based gaming project Pavia on its DEX. * Valhalla Vacation Club plans to bring a collection of 9,999 unique Viking NFTs.

Nought to Neptune in 5 months

Neptune Mutual is the brainchild of Binod Nirvan. The journey from nought-to-Neptune started with the notion that there was a disconnect between one of the underlying attributes of blockchain, security, and one of the most important developments in blockchain, namely smart contracts, that brings the power of programming to crypto

Neptune Mutual Raises Strategic Round, Led by Animoca Brands, to Build Cover Protocol for Metaverse Assets

Neptune Mutual, a multi-chain decentralized cover protocol, announced that it has raised a $3M strategic round led by Animoca Brands; other investors included Pacific Century Group, Genesis Block Ventures, Fundamental Labs, GSR, Cambium Grove Capital, and a number of other funds. Unlike discretionary mutuals, Neptune Mutual’s parametric cover products

Identity theft in the Metaverse. What if cybercriminals hack your avatar?

I don’t have a VR headset and I still haven’t bought my NFT avatar yet so why should I care? Well, as someone who raises funds for my own startups (ave-chimera.com), leads fund-raising activity for fellow entrepreneurs (Qameleon.fr), and manages investments for my own family office

Neptune Mutual Raises Seed Round Led by Fenbushi Capital to Build Decentralized Cover Protocol

Neptune Mutual, a multi-chain decentralized cover protocol, announced that they have raised a $1.75M seed round led by Fenbushi Capital. The backers also included Coinbase Ventures, Huobi Ventures, OK Blockdream Ventures, GravityX, Hex Trust, Baboon VC, NVC Partners, and Alphabit Digital Currency Fund. Binod N, the founder of Neptune

June 2021 Development Updates

For us, June has been one of the most productive months so far. Here is a quick summary of what happened during that month. DAO Smart Contracts Development https://github.com/neptune-mutual/protocol We’ve made significant progress on the DAO Smart Contract development. Without diving too deep into the

Best Binance Smart Chain Projects 2021

There has been an increasing demand and growing adoption of Binance Smart Chain since publishing their whitepaper in April 2020, testnet launch in May 2020, and mainnet launch on August 31, 2020. According to Binance, the primary goal of Binance Smart Chain is to allow fast and cheap transactions without