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The Ethereum Foundation has announced its inaugural ZK Grants Round, securing $900,000 in funding. Injective's Total Value Locked (TVL) has reached an all-time high of $110 million.
Meanwhile, investor interest in NuggetRush's virtual mining game continues to grow. Its crypto ICO is currently one of the most talked about in the crypto space.
NuggetRush (NUGX) is creating a blockchain-enabled play-to-earn gaming platform and NFT marketplace that emphasizes entertainment and community engagement. The platform encourages players to collaborate in managing virtual mining operations.
This concept has garnered high investor interest in the past months, making it one of the best DeFi projects in the market. Apart from the mining game, NuggetRush will also feature an NFT marketplace designed for trading digital collectibles tied to the game.
Among the trending NFTs are RUSHGEMS, virtual tokenized gems that players can discover in-game. RUSHGEMS can be exchanged for actual gold, establishing a tangible link between the digital and physical realms.
NuggetRush is in the final round of its blockchain ICO for the NUGX token. The initial price started at $0.01 and has increased to $0.018 in round 5, marking an 80% increase for early investors. With over 190 million tokens already sold, NuggetRush has become one of the best cryptos to invest in.
The Ethereum Foundation has partnered with Polygon, Scroll, Taiko, Aztec, and zkSync to launch the first ZK Grants Round. This aims to foster innovation in Zero-Knowledge proofs and set standards for ZK Layer 2 solutions. Each participating organization has contributed $150K to create a prize pool of $900,000.
This grants program is looking for submissions across topics like developing zkDSL transpilers, creating more inclusive tools for ZK, and validity-proof-based Layer 2s, etc.
The application window begins on February 21st and ends on March 18th, 2024. In other news, Ethereum's native token, ETH, has seen a massive price pump in the past week.
The token soared from a weekly low of $2,738.86 to a peak of $3,024.88 as FOMO continued to build on the possibility of an Ethereum spot ETF. Analysts like Michael van de Poppe have predicted that the launch of an Ethereum spot ETF could push the price of Ethereum to $4,500.
Injective (INJ) has gained a huge market share in the Decentralised Finance (DeFi) industry. Data from DeFi Llama reveals that its total value locked (TVL) has reached an ATH of over $110 million.
This surge in value is massive, as Injective's TVL was below $15 million just in November. Projects topping the Injective's ecosystem include Hydro Protocol, Dojoswap, and Helix. They have TVLs of $55 million, $26 million, and $15.6 million, respectively.
While Injective's TVL is increasing, the price of its native token, INJ, has dropped 3.7% on the weekly price chart. Injective coin plunged from a 7-day high of $39.60 to a low of $33.46 as bearish pressure took over.
Nevertheless, the altcoin price is still bullish on higher timeframes. Its price chart shows gains of 3.8% and 768.3% on the monthly and yearly timeframes.
NuggetRush's upcoming crypto mining game and NFT marketplace have captured the attention of retail and whale investors. These features make its native token, NUGX, a worthy contender to top crypto coins like Injective and Ethereum.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
