Industry News & Insights
DeFi 101: What’s DeFi and How Is it Changing the World’s Finances?
DeFi is unarguably one of the essential components of blockchain technology. Before the advent of the use cases popularized by DeFi, cryptocurrencies were seen as digital property owned by a bunch of anonymous users on the network. And almost nothing more. But DeFi changed all that. It made cryptocurrency owners confident of transacting with anyone […]
Ensuring Security of Metaverses: Lossless x Basketballverse
The buzzword that we have entered with the year 2022 — Metaverse. According to Bloomberg, it could be an $800 billion market with tremendous technological opportunities. This reason alone is no surprise why metaverse projects in the DeFi industry are popping up one by one. As we’ve mentioned numerous times, fast-paced growth means the need to shift […]
New Partnership Alert: Lossless x CryptoCart
We have something new to present today. Up until now, our partnerships focused on projects that would integrate our Core Protocol and launchpads, which could lead us to more such projects. Today we have a new type of partnership in the space of crypto e-commerce. Please welcome our newest addition to the Lossless Ecosystem — CryptoCart! CryptoCart’s […]
Engines of Fury x Lossless: Higher Security for GameFi
Play to earn (P2E) is becoming more popular not in days but in minutes. It is expected to reach a value of USD 314.4 billion by 2026. So no wonder we see this immense growth. As in many fast-growing industries, it is evident that security issues are thought about, usually, last which is why our […]
The Case of gotEM: How the Hack Was Prevented
Just a month ago we launched a tool called Vault Protection and it already proved to be successful against hacks. gotEM, a crowdsourcing DeFi platform enabling private investigations, private security, and humanitarianism, applied this tool and did it just in time — our tool prevented a hack on one of their wallets which would have resulted in […]
Most Common Hacks on DeFi to Look Out For
DeFi gave cryptocurrency the needed versatility and added utility to increase its adoption metric. This is clearly seen in the positive correlation between the Total Value Locked in smart contracts of DeFi protocols and the adoption index of crypto. Therefore, it can be inferred that crippling the DeFi space will, in turn, hurt the growing […]