ChainCatcher report: Since the beginning of this week, the on-chain activity driven by Robinhood has temporarily cooled, with major cryptocurrencies experiencing a pullback. The market is now looking to Arc Chain, set to launch on September 16, for the next rally. Developed by stablecoin issuer Circle, Arc Chain is an open blockchain network primarily designed for institutional users, and there is divided opinion in the market regarding whether it will support native crypto meme coin culture. Platforms such as OpenSea and fomo have announced they will support Arc Chain from day one; in response to fomo’s launch announcement, Circle co-founder Jeremy Allaire has given a positive reply.
Arc Chain to Launch on September 16; Circle Co-Founder Responds to FOMO Listing
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Summary
Arc Chain, a new on-chain news platform, is set to launch on September 16. Developed by Circle, the blockchain targets institutional users and has received mixed reactions regarding its position on meme culture. OpenSea and FOMO have announced support, with FOMO’s exchange listing news welcomed by Circle co-founder Jeremy Allaire.
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