Airdrop
Story Protocol announces launch of public mainnet
Published
1 month agoon
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admin
Story Protocol has officially launched its public mainnet following a six month long testnet.
Story Protocol, a layer-1 blockchain, has announced the launched its public mainnet, marking the first-ever global, programmable market for IP. The platform aims to transform the $61 trillion IP asset class by giving IP holders and AI-driven products the tools to manage, trade, and monetize creative assets.
Story Protocol’s launch follows a six-month testnet phase that began with the “Iliad” testnet on August 27, 2024. Now live, its mainnet provides a decentralized platform where IP owners can set up licensing rules and transact without any middlemen.
The network will be secured by the IP token. IP is used for transactions, governance, and creator rewards. IP owners can register and tokenize their work on the blockchain, setting rules for how it can be used, modified, or monetized. Developers can build apps on the network, creating new AI tools, licensing platforms, and IP marketplaces.
IP has debuted with an initial supply of 1 billion tokens. A 30-day rewards portal has been set up to allow testnet participants to claim IP tokens. Staking IP is an option for those who wish to promote network security. The staking phase for the IP, called “Singularity,” kicked off on Feb.1, but rewards will be distributed starting March 2.

Notably, tokens allocated to early backers and core contributors will be locked for one year. Major exchanges like Coinbase, OKX, KuCoin, Bybit, Bitget, and Bithumb have already announced the listing of IP.
Story Protocol raised $140 million from investors such as Samsung Next and a16z. Several IP-focused projects are already building on the network. Aria, one such project, raised $7 million to purchase the rights to Justin Bieber’s song “Peaches” and divide the proceeds among the IP asset’s fractional owners.
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Airdrop
NFT Marketplace OpenSea Confirms Upcoming SEA Token Airdrop, Expands to Crypto Trading
Published
1 month agoon
February 13, 2025By
admin

Popular non-fungible token (NFT) marketplace OpenSea said Thursday that it is expanding its platform to crypto trading and confirmed it is planning to distribute SEA tokens to users.
The trading platform called OS2 has launched today, and aggregates marketplaces, allows cross-chain purchasing and offers lower fees in the beginning, according to the protocol’s press release.
“This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets,” said Devin Finzer, Co-founder and CEO of OpenSea. “We think tokens and NFTs belong together in a single, powerful, delightful experience.”
OpenSea Foundation, the Cayman Islands-based development organization behind the protocol, will also distribute SEA tokens offering utility on the OS2 platform.
While details and date of the airdrop remain undisclosed, OpenSea has confirmed that SEA will recognize both active users and those who have been part of the platform since its early days. US users will be included in the airdrop.
OpenSea has said that SEA’s utility will be focused on long-term engagement rather than short-term speculation.
The platform’s monthly trading volume is down significantly from a $5 billion peak in early 2021, having facilitated trading of $190 million worth of NFTs last month. The platform’s annualized revenue stands at $33 million, according to Dune Analytics data.
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Airdrop
Jupiter Decentralized Exchange to Issue $612M JUP Tokens in Wednesday Airdrop
Published
2 months agoon
January 22, 2025By
admin

Jupiter, a Solana-based decentralized exchange, will airdrop 700 million JUP tokens to its community on Wednesday in what it is calling the “largest airdrop in history.”
The airdrop is a part of the project’s annual “Jupuary” event, which was voted into existence alongside another event in 2026 in a governance vote in December. It is scheduled to start at 15:30 UTC.
Initial concerns were raised about the sustainability of supply increase, prompting the proposal to be amended to include a token audit and burn schedule over the next month.
At the time of writing JUP is trading at $0.87 after sliding by 2% over the past 24 hours. The total value of the airdrop is set to be $612 million.
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Solana’s Phantom Wallet Sets Record Straight on Airdrop Rumors
Published
2 months agoon
January 4, 2025By
admin
The Solana Phantom Wallet has dazzled members of its community with a new revelation regarding its much talked about native token. Prior to this time, different influencers on crypto X have been publicizing how the non-custodial wallet had plans to launch a token with a planned airdrop for users. In the new update on X, Phantom Wallet said it has no plans to launch a token.
Phantom Wallet Squash Airdrop Plans
The non-custodial wallet said the it is thrilled with the enthusiasm of its users regarding the token’s prospects. However, the protocol said rather than focus on its own token, it is rather working to simplify how users share and discover new assets on its platform.
It directly addressed the PHNT asset speculation, saying “we do not have any plans to launch a token.” The wallet said it is working on social discovery with a special mission to help many discover and love the crypto industry.
We’re thrilled by the enthusiasm for following users on Phantom!
It’s a huge step for us toward making crypto more personal and user-friendly. By simplifying how you share and discover with friends, we aim to dramatically improve how users find new tokens and apps.
We’ve seen…
— Phantom (@phantom) January 3, 2025
This news update has triggered a mixed emotion among users. While some considered the update disappointing, others noted how important the update is to safeguard users from scammers. The update comes shortly after a Trust Wallet and BNB Chain’s crypto wallet security update.
Meanwhile, the Solana’s Phantom Wallet did not mention any specific effort regarding its social incentive for the community.
Impact on the Solana Ecosystem
The broader Solana ecosystem might suffer the brunts of this latest update as a Phantom Wallet. With a new token on Solana, the demand for SOL as liquidity asset and fas fee will soar, setting the coin up for growth.
This is even more needed with the ongoing Pump Fun SOL selloff on exchanges like kraken. The memecoin launchpad has continued to sell its generated SOL revenue as the most used memecoin launchpad in the broader industry.
Amid these updates and negative ecosystem shifts, the price of SOL has jumped 5.05% in 24 hours to $216.75. This shows the Phantom wallet update has fueled no negative impact for the coin.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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