Axie Infinity (AXS) and Smooth Love Potion (SLP) tokens have crawled back in the past few days as the ecosystem started to bounce back. The SLP coin was trading at $0.0035 on Friday, up by 65% from its lowest point this year. Similarly, the Axie Infinity coin was trading at $5.

ENS is like your online phonebook, giving you your own “domain” name that you can use in the world of blockchain. Now, the team behind ENS is taking things up a notch by building a new network called “Namechain.

ENS Labs, the organization behind Ethereum Name Service (ENS), has revealed a Layer-2 solution to boost the scalability of blockchain-based identities.

TL;DR ENS Labs plans to launch its own Layer 2 network called Namechain by the end of 2025. Namechain will focus on interoperability and offering cheaper access to ENS. The project is part of the ENSv2 initiative to expand ENS on Ethereum Layer 2 networks.

Ethereum Name Service (ENS), one of the most established solutions for digital identity on blockchain, is preparing for a major update. ENS Labs, the organization behind ENS, has announced the intention to launch a dedicated Layer-2 network called “Namechain”, based on zero-knowledge rollup (zk-rollups) technology.

ENS Labs, the team behind the Ethereum Name Service (ENS), is moving forward with plans to launch a dedicated layer-2 network called Namechain.

ENS Labs announced plans to launch "Namechain," a layer-2 blockchain using zero-knowledge rollups, scheduled for late 2025 release, aimed at reducing transaction costs while maintaining security for their domain naming service.

ENS Labs has introduced “Namechain,” a new Ethereum layer 2 solution designed to enhance scalability and accessibility for blockchain-based identity. The post ENS Labs Unveils ‘Namechain' Ethereum Layer 2 Solution to Scale Blockchain Identity appeared first on Cryptonews.

Ethereum's ENS work similar to web addresses that simplifies wallet addresses. For instance, Vitalik Buterin uses “Vitalik.eth” instead of a long address.

Namechain is designed to prioritize interoperability and allow users to start ENS from 'any L2 network.'

ENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users.

The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.

The new Ethereum layer 2, Namechain, will make it easier to register names, update records and manage decentralized websites.

Namechain, as the layer-2 blockcain is called, will use a zero-knowledge rollup for scaling and is likely to go live around the end of 2025.

Despite a recent pullback, AXS is set for a strong recovery.

Are NFTs making a comeback? Following the surge in BAYC's ApeCoin after the ApeChain launch, investment is now shifting towards Axie Infinity, The Sandbox, and emerging layer-2 blockchains.

Two popular tokens, Axie Infinity (AXS) and Sandbox (SAND), have seen significant price increases recently. This uptick comes as the entire crypto market experiences a rally, with Bitcoin testing the crucial price level of $69,000.

New interest in crypto gaming has play-to-earn game Axie Infinity (AXS) up as bulls celebrate upside momentum. It's an outlook that's also catalysed interest in Dogizen (DOGIZ). This tap-to-earn game has captured investor attention with the first-ever Telegram ICO.

The crypto market has recorded a jump of ~2% in the past day, resulting in the Bitcoin price retesting its $69,000. Following this, the Metaverse and the gaming industry have regained momentum with many projects retesting their important resistance levels.

Google, the giant of technology, has made an important step forward in the world of cryptocurrencies by integrating the Ethereum Name Service (ENS) into its search engine. This new feature aims to simplify access to information about cryptocurrencies, making it easier for users to search for Ethereum domains and directly view the associated balances.

AXS Unlock date - Oct 14th 2024 Number of tokens unlocked- 12.58 million AXS (4.66% of its circulating supply) Current Circulating Supply - 152.23 million million AXS Token distribution Staking rewards - 2.45M tokens (3.13%) Teams - 5.74M tokens (10.1%) P2E - 2.70M tokens (5%) Ecosystem - 1.69M tokens (7.81%) Source - cryptorank.

Significant token unlock events will take place this week - Arbitrum alone will unlock $51 million worth of tokens.

The Web 3 game Axie Infinity saw an increase of 11.34% of its staked AXS in one year. From October 1st 2023 till October 2024, the amount of staked AXS has gained 5,956,719 AXS.

The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.

Ethereum Name Service searches now display the main wallet tied to an ENS identity. ENS names are still created, adding the newest meme themes.

The move is part of Google's blockchain support strategy, following initiatives like ETH wallet tracking and blockchain event celebrations.

Contrary to the anticipated “Uptober” rally, the cryptocurrency market has experienced a significant downturn, largely driven by geopolitical tensions in the Middle East. Major assets have seen their values decline, with some retesting multi-week lows.

Arianee partners with ENS to enhance on-chain verified identity management for brands, setting a new standard in digital security and authenticity.

The Ethereum Name Service is an open and flexible naming system based on the Ethereum chain. With a primary goal of converting the human-readable address to machine-readable codes for major exchange wallets like Metamask.

The new integration could bring Web2 and Web3 users together, which could be the key to unlocking true mainstream crypto payment adoption.

TL;DR The SEC expands its lawsuit against Binance, now classifying tokens such as Axie Infinity (AXS), Filecoin (FIL), and Cosmos (ATOM) as unregistered securities. Binance and its subsidiary BAM Trading are accused of promoting these tokens as investments without complying with the necessary regulations.

The SEC's latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.

ENS domains now replace complex wallet addresses on PayPal and Venmo, making crypto transfers easier. The integration is intended to increase crypto adoption by making digital transactions more user-friendly.

Two prominent payment platforms are offering their support for Ethereum Name Service (ENS) domains. In a new thread on the social media platform X, payment giants PayPal and Venmo are now supporting the ENS domain naming service, which allows users to forgo having to use complicated crypto wallet addresses and instead adopt a representative username.

Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address.

ENS Labs secures key integrations with PayPal and Venmo.

Ethereum Name Service (ENS) has integrated with PayPal and Venmo, enabling users to transfer cryptocurrency using ENS names and simplifying the transaction process for over 270 million U.S. users.

PayPal and its subsidiary, Venmo, have integrated Ethereum Name Service (ENS) into their online payment services, making cryptocurrency transfers easier.

Users will be able to use their ENS names when sending crypto through traditional payment giants.

PayPal and Venmo integrate Ethereum Name Service (ENS) into their payment platforms. The new feature on PayPal and Venmo is expected to enhance crypto adoption by mainstream users.

This new feature, available to users in the USA, simplifies and secures crypto transfers. It integrates Ethereum Name Service (ENS) domains directly into these popular payment platforms.

The integration of ENS by PayPal and Venmo could significantly enhance crypto adoption by simplifying transactions and improving user security. The post ENS token surges after PayPal, Venmo adopt Ethereum Name Service appeared first on Crypto Briefing.

PayPal and Venmo have integrated Ethereum Name Service (ENS) into their platforms, allowing users to send and receive crypto using human-readable usernames instead of complicated wallet addresses, improving transaction accuracy and ease. PayPal and Venmo Integrate ENS for Crypto Transactions A press release from ENS Labs states that the new capability makes managing wallet addresses easier and less prone to errors.

Venmo and PayPal integrated Ethereum Name Service (ENS) names on September 10, allowing over 270 million U.S. users to transfer cryptocurrency using simplified blockchain addresses.

Venmo and PayPal users can now transfer cryptocurrency using Ethereum Name Service (ENS) names, following an integration announced by ENS Labs.

US payment processors PayPal and Venmo have integrated support for Ethereum Name Service, allowing users to send cryptocurrency payments to ENS usernames. According to ENS Labs press release, the new feature streamlines the management of wallet addresses and minimizes the potential for mistakes, as stated by the companies.

The integration allows Venmo and PayPal users to transfer cryptocurrency using simple ENS names, replacing long wallet addresses.

Also, former Alameda Research CEO Caroline Ellison is set to face sentencing on Sept. 24 following fraud charges connected to FTX's collapse.