Nike Sprints Into Web3 With New .SWOOSH Platform

The footwear giant’s latest Web3 move will allow community members to create and trade their own digital collectibles.

.SWOOSH is geared towards building a community around its digital wearables. This platform will serve as a resource for Web3 education which includes buying and trading digital Nike collectibles.

These items can be worn in video games and other immersive experiences. Royalties can also be earned by Nike customers when they create personal collections on the platform.

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves

Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to boost users’ confidence in the exchange as well as to improve transparency.

Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads

Genesis Global Trading announced last Nov 16, that is it pausing new loan originations and redemptions following the reports of BlockFi, allegedly filing for bankruptcy. The cryptocurrency lender had already halted withdrawals of customer deposits and admitted that it has “significant exposure” to the now-bankrupt crypto exchange FTX and its sister trading house, Alameda Research.

Esports Giant TSM Suspends $210M Partnership with FTX

TSM announced last November 16, that it has ended its ties with FTX following its recent collapse. TSM stated that after monitoring the situation and deliberation,  the $210 million partnership is suspended indefinitely effective immediately.

Starkware launches token on Ethereum, but it’s not yet tradable

Starkware deployed its native token STRK on the Ethereum network.

The STRK token is currently in a “no-trade status” and it “will remain in place until further notice by the StarkNet Foundation,”. A date for when trading will start has not been released.

Starkware, an Ethereum scaling protocol that obtained an $8 billion valuation earlier this year, confirmed in July it would release its own token.

The locked tokens from team members and investors can be used for staking while they are locked, which would yield locked token holders tradable, unlocked STRK tokens.

Aptos and Google Cloud partner to support Web3 builders

 Google Cloud and Aptos Labs are expanding their partnership again, revealing that Google Cloud is running a validator on Aptos.

Google Cloud will serve as the infrastructure provider of choice for the Aptos ecosystem which aims to support Web3 startups and builders on Aptos and developer hackathon building on Aptos.

“Google Cloud has been working with Aptos since its inception, and we continue to be impressed by their innovation, from developing mainnet so quickly to their laser-focus on improving user experience. We’re looking forward to continuing to help Aptos build out its vision and capabilities,” shared Richard Widmann, head of Strategy, Digital Assets, Google Cloud.