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Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain
Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
The objective of Okto is to give global users a single-click mobile experience while traversing the Web3 space.

Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots
Avail shared in a blog post that 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.”

Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop
A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the tweet to CoinDesk, describing it as a "leak."

DWF Labs Invests $10M in TokenFi for AI-Push, TOKEN Crosses All-Time High
The purchase will be done over a two-year period, developers told CoinDesk.

What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week
ERC-404 allows multiple wallets to directly own a single NFT and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.

LayerZero Confirms Airdrop Plans, Boosting Some Ecosystem Projects
As of Friday, LayerZero has not outright mentioned how it intends to reward users for using its network.

New Cryptocurrencies Getting Created at Slowest Pace in Three Years: CertiK Data
Excluding memecoins, the amount of new token creation dropped during the third quarter of this year to the lowest level since at least the start of 2021, according to blockchain smart-contract auditor Certik. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Celestia's TIA Token Trades at $3.15 on Futures Market Ahead of Airdrop
The token is set to be listed on Oct. 31 by Binance, Bybit and Kucoin.

Sam Altman's Worldcoin Switches Orb Rewards Plan to Boost WLD Supply
Users will receive WLD tokens, instead of USDC, starting Tuesday, as per a new developer document.
