ChainCatcher message, Unielon, as the platform implementing the Cardinals protocol on the Dogecoin chain, will launch UTXO staking today. This staking will be implemented on Dogecoin layer 1, without the need to cross-chain to stake on other chains. This staking will share 1% of the swap transaction fees from the Unielon platform, accumulating nearly ten million Dogecoin worth of Doge and Drc20 inscriptions, with staking distributions expected to occur every three months.

ChainCatcher news, the NFT infrastructure protocol Cardinal stated on social media, "The team has decided to gradually wind down the protocol. Team members have done their utmost to cope with this extremely challenging macroeconomic environment, but suitable products for the market are still hard to find."The team stated that the protocol will always be open source and accessible to everyone, and advised all users who have deposited assets in their system to manually withdraw their assets within two months. After two months, all remaining deposits will be forcibly withdrawn and returned to the depositors. Additionally, starting from July 19, all new deposit instructions and other functions in the protocol will be disabled. (Source link)

ChainCatcher news, the NFT utility protocol Cardinal on the Solana chain announced on Twitter that it will gradually shut down the protocol, attributing the closure to a difficult macro environment.Cardinal is an NFT infrastructure protocol built on Solana, aimed at enhancing the utility of NFTs, including use cases such as NFT leasing, staking, ticketing, and custody. It completed a $4.4 million seed round in July 2022, led by Solana Ventures and Protagonist, with participation from Animoca Brands. (Source link)