#token

PlayDapp, the cryptocurrency gaming platform, is reeling from a massive $290 million token loss following two hacking incidents in just one week. The initial breach was on February 9, where a hacker managed to mint 200 million PLA tokens, valued at $36.5 million, presumably by cracking into the developers' private key.

The number of daily active users on the decentralized social protocol Farcaster has quadrupled following an upgrade that introduced frame support. This feature allows users to use key functionalities (like NFT creation, token claims, and responding to inquiries) without the necessity for transaction signing or navigating to external links.

Just a week following the debut of ERC-404, the NFT world welcomes DN404, a new hybrid standard. This innovation, announced by developer cygaar, promises a more seamless integration of fungible and non-fungible token functionalities.

Cross-chain protocol Wormhole has announced the release of its token with the ticker W and introduced its tokenomics. The project intends to allocate 17% of the total token supply as an airdrop to its users.

On January 23, OKX's token, OKB, saw an unexpected market shakeup. Its price dramatically fell by 50%, dropping from $52 to nearly $25, before recovering to $46.