This Week In DeFi – May 13

To the DeFi community, This week, TerraUSD took center stage for unfortunate reasons, as the third-largest stablecoin lost its peg – sending Terra’s native LUNA token into a “death spiral”. Kick-started by an apparent attack on the system, a significant de-pegging of UST to the dollar resulted in a rush to the exits by token … Read more

UK Government on the verge of floating NFT project

As more countries realize the potential of NFTs, the metaverse, and Web3 as a tool for nation-building and wealth creation, there has been an uptick in governmental adoption of NFTs. The Sun never sets on NFTs The UK has had a tumultuous relationship with NFTs, and since the country began its journey to understand better … Read more