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NFT casting platform Nameless has announced the launch of StealthTest, a testnet Web3 software-as-a-service tool designed to improve NFT project testing and quality assurance, addressing critical infrastructure and deployment issues in the emerging Web3 industry.

The tool gives Web3 developers access to private testnets of Ethereum, IPFS and Arweave to extensively test smart contracts and improve project security during the NFT project life cycle.

South Korea’s cryptocurrency market was worth 23 trillion won ($16.1 billion) in the first half of 2022, down 58 percent from the six-month period at the end of last year, according to the Korea Financial Intelligence Unit (KoFIU).

In addition, daily trading volumes fell by 53% to an average of 5.3 trillion won (about $3.7 billion). The total operating profit of virtual asset service providers in South Korea fell by 62%, from 1.64 trillion (about 1.1 billion U.S. dollars) to 0.63 trillion won (about 441 million U.S. dollars).

The report shows that from January to July 2022, the number of jobs related to Metaverse on the entire platform has grown significantly, with a year-on-year increase of 16.6%. Among them, the number of jobs in the Internet/IT/electronics/communications industry accounted for the highest proportion, about 70%.

Among the subdivisions of Metaverse, VR/AR and Metaverse social recruitment accounted for the largest proportions, accounting for 57.5% and 32.7% respectively.

Among the recruitment positions in various sub-fields of Metaverse, VR/AR companies are mainly software and hardware R&D engineers, games, virtual humans, Metaverse social and other fields have higher demand for game/design talents, and digital collection platforms have higher demand for operation talents show greater demand.

The report pointed out that about 80% of the respondents are willing to work in the metaverse industry, and the proportion of Generation Z is even higher.

Cosmos-based cross-chain interoperability protocol Axelar has announced that it will officially release its token AXL tomorrow. A total of 1 billion AXLs will be minted at genesis, of which the circulating supply on the first day of release is approximately 30 million.

Axelar had previously held an AXL community sale through CoinList in March this year, and there will be no new token sales or airdrops at this launch.

With the rebound of Bitcoin, the current total encrypted market capitalization has risen back above $1 trillion. According to CoinGecko data, as of press time, the total encrypted market capitalization is $1,012,512,481,232, an increase of 6.0% in the past 24 hours. The 24-hour trading volume was $224,988,454,075.

The cross-chain transaction protocol RAI Finance has transferred the team tokens to the relevant wallet address of RAI Finance DAO.

It is reported that the SOFIP-028 proposal has previously been passed, requiring RAI Finance core contributors to build a multi-signature wallet and transfer team tokens (SOFI) to the RAI Finance DAO.

Despite the current crypto bear market, according to the second annual Australian cryptocurrency survey conducted by research firm YouGov, commissioned by Australian crypto exchange Swyftx.

72% of Australians who own cryptocurrencies made an average profit of A$11,013 (about $7,152) in the past year.

The Australian women surveyed made A$11,263 ($7,314) in profit, compared with A$10,917 ($7,089) for Australian men.

Last week, the net inflow of digital asset investment products was 8.3 million US dollars, of which Bitcoin and Ethereum investment products recorded a net inflow of US $2.6 million and US $6.9 million respectively.

Investment products shorting bitcoin saw a net outflow of $5.1 million, the first net outflow in seven weeks. Additionally, the short ethereum product, which debuted last week, saw an inflow of $1.1 million.