🦎🚀 NFTs lay down the law! ⚖️

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Subject: 🦎🚀 NFTs lay down the law! ⚖️

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Hope you’re prepped for the weekend, Geckos!

Imagine having to show a restraining order … through OpenSea!

Lawyers of LCX, a cryptocurrency exchange based in Liechtenstein, have issued a “Service NFT” to an anonymous attacker who stole $8 million in January.

The NFT, which acts as a temporary restraining order, was issued on Ethereum (ETH) and sent to the attacker’s address which currently holds the stolen funds.

Additionally, the Centre Consortium has frozen around $1.3 million worth of the stolen USDC following a court order from the New York Supreme Court.

In today’s news, the UFC teams up with VeChain, the Bored Apes are choosing to stay on Mother ETH, and the party continues for PartyDAO.

Read on!

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🎙️Talking to Uddhav Marwaha, CEO and founder of Friktion Labs on:

• Different portfolio strategies
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You can also read our other articles for the week:

Here's a preview of our latest Gecko Ramblings! 🦎

Discovering Atlendis

Atlendis, previously JellyFi, is a new undercollateralized lending platform that recently went live. Some "BB" ratings pools are already live and users can deposit USDC on the Polygon network to earn yields up to 4.8% APY.

Since Atlendis does not have a protocol token yet, there are rumors (unsubstantiated) that they too will conduct an airdrop like what Goldfinch (GFI) did. Atlendis also boasts some impressive backings, including Lemniscap, Defiance Capital, and ParaFi Capital just to name a few.

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Disclaimer: The information presented is not financial advice from CoinGecko. The information shown here may carry risks of smart contract failure and impermanent loss. Always DYOR and only invest what you are willing to lose.

We all love our sports teams, and with that comes fan tokens! Fan token brings sports fans closer to their favorite clubs by granting its fans perks like voting, rewards, merchandise, and more!

Watch this video to learn how to be your team's no.1 fan! ⚽

VeChain Doubles Up With the UFC

The Ultimate Fighting Championship (UFC) has announced a multi-year marketing partnership with blockchain company VeChain (VET), valued at close to $100 million.

Through this collaboration, VeChain’s logo will be prominently displayed across various UFC events, in the Octagon, on the fighters’ apparel, and on social media.

VeChain will be the fourth blockchain company to ink a deal with the UFC, after Crypto.com, Socios, and Dapper Labs.

Decrypt

Tether to Tezos

Tether (USDT) has announced the launch of its stablecoin on the Tezos blockchain!

It will become the 12th network to support the currency, among other popular blockchains such as Solana (SOL) and Polkadot (DOT).

Despite previous concerns regarding the stability of USDT after the collapse of Terra (LUNA), Tether has successfully maintained its peg to the US dollar as of the time of writing.

Cointelegraph

Putting the ‘16’ in a16z

The party continues for PartyDAO after they have successfully raised $16.4 million from a list of prominent firms including Andressen Horowitz, better known as a16z.

PartyDAO is the decentralized entity behind PartyBid, a platform for groups of users to bid on rare NFTs by pooling their funds together.

Other investors include Uniswap Ventures, Dragonfly Capital, and the creator of Loot and Blitmap, Dom Hofmann.

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⚙️Protocol of the Day

Chainlink
Chainlink (LINK) is a decentralized oracle network platform that provides decentralized services such as price feeds and verifiable randomness. It aims to ensure that the external information and off-chain computations that are fed to on-chain smart contracts are reliable and tamper-proof.