Labs xG Studios Successfully Validates Move2Earn Proof of Concept at Hackney London Marathon
xG Studios Excites At The Hackney Half Marathon
Launchpool is pleased to announce that its incubated project xG Studios has successfully tested and validated their proof of concept for their lifestyle platform, which rewards in-real-life sports achievements with NFTs.
This is part of the company's Move2Earn roadmap, which includes rewarding a series of sports activities, with NFTs and social tokens: starting with grass roots football and marathon runners communities.
As part of this groundbreaking partnership, xG Studios was present at this year's Hackney Half marathon event to provide podium finishers and a select group of LimeLight Sports Club members with the first-ever half-marathon NFT.
The xG x Hackney marathon NFTs will be available on the Flow Blockchain, and listed on an open marketplace. The team is considering Rarrible for listing with more news on this to follow.
xG Studios has developed xG as a web3 platform that rewards sporting activities with personalised NFT rewards, in a gamified collecting experience. The achievement is the first of many such collaborations and Launchpool is proud to have xG Studios as a part of the Launchpool Labs Incubator Program.
Learn More About The Labs Incubator Program
Launchpool Community AMA - Twitter Spaces
Launchpool Community First Twitter Space AMA
On Wednesday 8th June, the Launchpool team was pleased to join the Launchpool Community for the first ever Twitter Spaces AMA. This AMA event was hosted to provide a recap of recent project developments, a few updates on what the Community can expect to see in the near future, and also to answer some of your questions.
Joining in live from the Launchpool team was Richard Simpson - CEO of Launchpool, Roxana Nasoi - Managing Director of Launchpool Labs, Sam Harvey - Marketing Director, and Jean-Marc Griffith - Director of Community.
Also in attendance were the Founders/CEOs of a few Launchpool Labs Incubator projects: Guv Kang of BrickTrade, Jim Harrison of xG Studios, Vadim of Boss Fighters, and Jeff Donnelly of MegaFans; who provided attendees with a brief project overview, as well as some of their most recent updates.
If you missed this AMA, you can listen to the full recap below.
Launchpool Community AMA Recap
🗞️ In other Crypto news….. 📰
Optimism Attacker Returns, Jamaica Creates CBDC History, and USDT Launches On Tezos
🤯 Optimism Attacker Returns 🤯
In a turn of events, the attacker who stole 20 million Optimism (OP) tokens decided to restore 17 million of them. Over the course of 17 transactions, the funds were returned to an address belonging to Optimism, the Ethereum rollup provider.
Optimism is a layer 2 rollup chain for Ethereum that helps scale the network with its quick transactions and low fees. It launched the OP governance token last month in a bid to shift towards greater community control.
The attacker who initially sold 1 million of the OP tokens for $ETH, and later transferred another 1 million tokens to Vitalik, still has 1 million of the stolen tokens sitting in their wallet, leaving many to speculate as to what happens next.
🏛️ Jamaica Creates CBDC History 🏛️
The Jamaican Senate has approved the central bank’s CBDC, known as the Jamaica Digital Exchange, or Jam-Dex. According to Bank of Jamaica Governor Richard Byles, the Jam-Dex will be available for domestic usage later this month.
This latest development, comes on the heels of an 8-month long pilot project and places the island country of Jamaica on the global crypto stage, as being one of only a few countries to adopt a CBDC as legal tender.
💰 USDT Launches On Tezos 💰
Tether, one of the leading stable-coins, has announced that it is launching its $USDT stablecoin on the Tezos blockchain, just days after it expanded to Polygon. Tether has been enlarging its network reach amid heavy redemptions of USDT in recent weeks. Over the past month, USDT's supply has declined by 6 billion.
Click to share your favourite stable coin with us!
🤖 Join us on Discord 🤖
We’re transitioning! Help us grow on Discord and be among the first to learn more!!
👉 Join Our Discord Community!! 👈
That’s all for this week! Watch your inbox for next week’s Pop Up Press!
For more news about the projects we are launching on Launchpool, keep an eye on our Twitter, Telegram, Reddit, and of course come visit us at our Website and App.
For Launchpool Labs, keep in touch with developments and meet the first Cohort in our Discord channel.