Singapore’s FinTech crypto platform Cake DeFi has announced a partnership with FACEIT, the UK’s platform for online gaming, which will earn millions of dollars, TechNode Global reported on Friday (May 6).
This will allow users to get cash flow from crypto, according to the report. The collaboration will be facilitated by Pivot Agency and will see Cake DeFi gain access to greater brand exposure through a series of “bespoke and multifaceted” gaming experiences, allowing people to win crypto.
With a partnership with FACEIT, the company will be able to move into the gaming and eSports space.
Meanwhile, Bankless said Sunday (May 8) already prohibited from YouTube without “warning or justification,” CoinDesk wrote.
Bankless has 150,000 subscribers to its Ethereum-focused newsletter and podcast channel on YouTube, which features “more than 10,000 hours” of content and a variety of interviews. Bankless merged with other Web3 crypto accounts like Gabriel Haines.eth and Optimism Collective, which have also closed.
There has been no confirmation from YouTube as to why the channel was removed, but the social media site has shut down other channels in the past and reinstated them later without explanation.
In other news, CoinDesk wrote on Saturday (May 7) that non-fungible tokens (NFT) from various popular blockchain networks will be coming to Instagram, with a pilot program to come.
Instagram plans to offer NFT integration for Etheruem, Polygon, Solana and Flow, according to the report. The network hosts many trades on NFT, and Ethereum in particular has the largest share, due to its popular NFT Bored Ape distribution.
The pilot will reportedly feature a small group of NFT fans from the U.S. The report notes that Instagram eventually wants to support a widely used crypto wallet like MetaMask, allowing users to prove ownership of NFT and display it, as well as tag their creators.
Finally, KakaoBank, South Korea’s largest neobank, is considering cooperating with digital currency exchanges in the country, CoinGeek reported Sunday.
KakaoBank CEO Yun Ho-young confirmed the plan on the company’s phone, according to the report, and Yun said that KakaoBank is in talks with digital currency exchanges about the partnership.
“As [crypto] considered a major asset among our customers, we examine how we can provide virtual assets in a service or in the form of a business in a positive way, ”he said, per CoinGeek.
