Weekly Update: Sept 9–15, 2022.
Investors did not easily fall into the bear trap as they saw Bitcoin rise from $18.5k to $22.5k and then fall back to $19.5k. As always, the Sphynx Labs team was neither phased nor concerned with the current market condition as they are networking, developing, and improving every day to improve the project.
Sphynx Labs recently announced yet another significant partnership with a great project called Loop Network. Sphynx will be the sole DEX on the Mainnet of the Super Scaling Blockchain Network built by Loop Network. As a result utilities such as liquidity, swaps, pools, launchpad ,and all other Sphynx functionality that Sphynx delivers to BRISE, CRO, and BSC will be provided to Loop as well. In addition, users of the Loop Network will benefit from being able to add assets to the chain from any chains that Sphynx presently supports or will support in the future by using the Sphynx Bridge. Sphynx is also currently integrating Loop Network in the Sphynx Mobile App.
Sphynx Labs now support the Coinbase Wallet for usage with the Sphynx app! As a result, everyone will have more opportunities to connect, and Sphynx will see more adoptions!
CEO Lonzo has also hinted at what is in the works and what will be coming out shortly. First, the team is integrating TXN histories on the mobile app so users can easily track their cryptos. Second, the Sphynx Labs NFT Marketplace will come to the ecosystem where users can buy/sell directly from the app. More details on the Sphynx Labs Marketplace will be shared soon. Lastly, the team will be adding more assets to the bridge.
Latest App Updates
- US citizens can now purchase directly through the app using Fiat.
- You can now also add NFTs to the wallet.
- Tracking buys and sells on the app on BRISE and CRO
- ETH staking (Genesis)
- New NFT portfolio section
There is much more to come with Sphynx. Stay tuned for Sphynx’s Weekly Updates posted every Friday, or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx