Hey DEFI TIMES community,

The chart says it all. NFTs are already mainstream. As someone, who has been in the crypto space for about five years, I have to admit that I didn't see it coming that fast.

The weekly NFT transaction volume last week almost exceeded $200 million - unbelievable!

More and more celebrities join the NFT space - Gary V, Lindsay Lohan, Mezut Özil, Logan Paul, and Grimes are just a few examples.

NFTs got into the mainstream so quickly that even I completely missed out on them, and I pretty much spend all my time researching new crypto opportunities!

I am sure most of you feel the same way. At this point, there is no denying that NFTs are the future; however, is it still a good idea to invest your precious time and money into it right now?

Well, probably - if you are willing to put the work in. There are two types of people who will make loads of money in this NFT hype: Collectors and artists.

If you have always produced fantastic art, or maybe you are incredibly talented in collecting stuff in the real world, NFTs might be for you!

On the other hand, if you have neither done either of these, you should probably stay away! There's one universal rule in investing: Only invest in the things you understand!

If you are someone like me, who has absolutely no sense for collectibles or art - don't FOMO in right now!

Stay calm and observe the mania from the sidelines. 

You don't have to participate in every crypto hype cycle!

Subscribe to our newsletter to level up your crypto game!

DeFi Chain Dakota Upgrade

DeFiChain @defichain

Dakota Upgrade: Further decentralization of DeFiChain

defichain.ghost.ioDakota Upgrade: Further Decentralization of DeFiChainIn this 4 minute reading article, you’ll learn about: * The upcoming ‘Dakota Upgrade’ (hard fork) * Several other performance upgrades and bug fixes DeFiChain is about to undergo a mandatory update by implementing a hard fork. This necessary upgrade, which goes by the name of ‘Dakota Upgrade’, w…

3:00 PM ∙ Feb 24, 2021

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75Likes23Retweets

DeFi Chain has implemented the following upgrades after the recent "Dakota Upgrade:"

- Masternode collateral requirement down from 1 Million DFI to 20,000 DFI

- Refactoring the anchoring system

- other bug fixes and performance upgrades

Sushi goes cross-chain

Joseph Delong @josephdelong

Sushi is going multichain 🍣⛓ We have deployed the Sushi contracts to these networks 1. @FantomFDN 2. @0xPolygon 3. @xdaichain 4. @binance 5. @MoonbeamNetwork You can access our a̵͚̙̭̟͓͛͑l̶̢̨͈̳̻̀̚p̸͕̭̰̜̐ͅh̶̪̰͚͕́̓̀́̄a̸̩̹̳̳͇̅̀ ̵͈̤̲͒͆̌ release staging.sushi.com

Fantom Foundation @FantomFDN

1/ @SushiSwap has been deployed on Fantom mainnet at https://t.co/1avaVCv6kq. You can now add liquidity and trade any ERC20 token supported on mainnet using SushiSwap. Learn how to use Sushi on Fantom here: https://t.co/Pd5jO45Zsy https://t.co/4p7UEHgop6

9:34 PM ∙ Mar 3, 2021

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1,255Likes337Retweets

Sushi has announced that they will deploy their contracts on several other chains, including Ethereum sidechains and other sovereign blockchains:

- Binance Chain

- xDai

- Polygon

- Fantom

- MoonBeam

Yearn's ETH vaults back live

dudesahn @dudesahn

Yearn's brand new✨ v2 ETH vault is now live! Lots of other improvements on the site as well, including fee and APY breakdowns, and improvements to how we display Total Assets. Check it all out on yearn.finance

6:58 PM ∙ Mar 1, 2021

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292Likes56Retweets

Yearn's ETH vaults are back live. You can earn yield again on your idle ETH!

wETH10

wETH10 is a new version of wETH, giving wETH more power while reducing tx fees for applications.

Compound Gateway

Compound Labs @compoundfinance

Today, we're proud to announce a prototype based on the Compound Chain whitepaper: Gateway is a cross-chain interest rate market that allows you to borrow assets native to one chain (e.g. ETH), with collateral from another chain (e.g. CELO).

medium.comIntroducing GatewayGateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. While many bridge solutions rely on wrapping (porting) assets, a cross-chain interest rate market would allow you to borrow assets native to one chain (e.g. ETH), with collateral from another chain (e.g. DOT).

5:44 PM ∙ Mar 1, 2021

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622Likes153Retweets

Compound has revealed its new Substrate based money market chain allowing validators to earn interest.

The new chain is called "Gateway."

Furucombo exploited

FURUCOMBO @furucombo

UPDATE: The Furucombo proxy was compromised and US$15m was affected. The Furucombo platform and user funds are now safe. We are working on a mitigation plan that we will share with the community as soon as possible.

11:28 PM ∙ Feb 27, 2021

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88Likes30Retweets

Furucombo, a popular DEX, has been exploited for $15 million. Another day, another DeFi hack.

1inch on BSC

1inch.exchange @1inchExchange

🦄 Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal. No one knows what secrets it holds, but the intense heat from molten #shitcoins surging right from the #blockchain depths forced #1inch unicorn to make a step towards the unknown..

4:09 PM ∙ Feb 25, 2021

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3,920Likes994Retweets

1inch is now live on BSC. The DEX aggregator will leverage both chains to provide the best rates for its users. The Binance Smart Chain is growing!

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All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.

Some recent tweets

DEFI TIMES @defitimes

🔥 NEW EPISODE DROPPING IN 45 MINUTES 🔥 Discussions: 🤔 USDT drama 🚀 @nacion_crypto's big bets! 😱 Binance Chain hype? ✅ What happens to Privacy Coins? 📈 And much more Don't forget to subscribe to @Cryptocito's channel! youtube.com/watch?v=CglTs1…

youtube.comIs Chainlink Overrated and Monero Underrated? What about the Cardano Hardfork?!Subscribe to Nación Crypto: https://www.youtube.com/channel/UC2Mu6ehrA6cuMgPGDe0BoBQDeFi Times Podcast: https://open.spotify.com/show/2uxUQMYIxpJ3NfvmTxiOnVT...

2:19 PM ∙ Mar 3, 2021

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6Likes1Retweet

DEFI TIMES @defitimes

We went from fear to greed in less than 24 hours! Crypto bull markets...🤣

3:32 PM ∙ Mar 2, 2021

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11Likes2Retweets

DEFI TIMES @defitimes

We were wrong... DeFi isn't the "ICO boom" of 2021. NFTs are...! 🚀

8:10 AM ∙ Mar 2, 2021