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Lido Finance discontinues operations, STEPN GO launches shoes, Play partners with Telefonica, and other Web3 news

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  • Lido Finance is discontinuing its operations on the Polygon network due to low user adoption and a strategic focus on Ethereum, following a community vote where 99% favored the proposal; users can withdraw staked MATIC until June 16, 2025.
    🔗Crypto Times
  • Four cryptocurrency projects—Qubetics, Solana, Polygon, and Chainlink—are highlighted for their potential for massive returns, each offering unique features and growth opportunities in the blockchain space.
    🔗Crypto News Flash
  • The Blockchain Game Alliance’s 2024 report reveals that over half of Web3 gaming employees come from traditional gaming backgrounds, with digital asset ownership being the most valued feature, while poor user experience remains the industry’s biggest challenge.
    🔗CoinDesk
  • STEPN GO and adidas have launched the co-branded ‘STEPN GO x adidas Ultraboost 5’ running shoes, marking a transition from digital to physical products in their partnership, which began with the STEPN Genesis NFT collection.
    🔗MARKETECH APAC
  • Play has partnered with Telefonica to launch its PLAY GamePass NFTs on Telefonica’s TU Gallery marketplace, providing exclusive gaming content and onboarding opportunities for users while aiming to attract a new audience to web3 gaming.
    🔗Blockchain Gamer
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