| LayerZero Labs completes $120 million in financing; OpenSea Pro airdrops "Gemesis" NFT to Gem users (April 5)

headlines

LayerZero completes $120 million Series B financing at a valuation of $3 billion, with Sequoia Capital and others participating

LayerZero completes $120 million Series B financing at a valuation of $3 billion, with Sequoia Capital and others participating

Bryan Pellegrino, co-founder and CEO of LayerZero Labs, said a total of 33 investors participated in the Series B round, but there was no lead investor. Funding was raised to meet LayerZero's growth plans. LayerZero also plans to grow its current headcount of more than 40 to around 70 by the end of the year by hiring across functions, including marketing. Pellegrino declined to comment on the token launch timeline. (The Block)

Odaily News LayerZero Labs, the developer of the blockchain interoperability protocol LayerZero, completed a $120 million Series B round of financing at a valuation of $3 billion. a16z Crypto, Sequoia Capital (Sequoia Capital), OKX Ventures, Circle Ventures, Samsung Next, OpenSea and Christie's and others participated.

Bryan Pellegrino, co-founder and CEO of LayerZero Labs, said a total of 33 investors participated in the Series B round, but there was no lead investor. Funding was raised to meet LayerZero's growth plans. LayerZero also plans to grow its current headcount of more than 40 to around 70 by the end of the year by hiring across functions, including marketing. Pellegrino declined to comment on the token launch timeline. (The Block)

Odaily News OpenSea Pro announced that users who have used Gem before March 31, 2023 are eligible to receive "Gemesis" NFT. This NFT can be minted directly on OpenSea. The casting page will go live later today.

OpenSea Pro Airdrops "Gemesis" NFT to Gem Users

Odaily News OpenSea Pro announced that users who have used Gem before March 31, 2023 are eligible to receive "Gemesis" NFT. This NFT can be minted directly on OpenSea. The casting page will go live later today.

Today, Gem announced that it has changed its name to OpenSea Pro, launched a new version of its official website, and said it will track user data and "score" users.

Industry news

Today, Gem announced that it has changed its name to OpenSea Pro, launched a new version of its official website, and said it will track user data and "score" users.

Industry news

Voyager-Binance.US transaction legal dispute must be resolved by April 13 or creditors will lose $100 million

Voyager and its creditors stand to lose $100 million if legal objections raised by the U.S. government are not resolved by April 13, according to legal documents filed on Monday.

The bankrupt cryptocurrency lender is taking urgent legal action to have Binance.US acquire it for $1 billion, fearing the ongoing wrangling over the acquisition could lead to the exchange’s exit.

Under the terms of the deal, originally signed in December and approved by bankruptcy judge Michael Wiles in March, Binance.US can walk out of the deal if the agreement is not finalized within four months.

Project News

On April 1, a judge in New York stated that the U.S. government has a "substantial case" to try to undo Binance.US' $1 billion deal to acquire Voyager assets. District Judge Jennifer Rearden put the $1 billion deal on hold, but said she would work to resolve the dispute quickly, given that the delay could cost the property as much as $10 million a month. (CoinDesk)

Project News

SPACE ID launched version 2.0, including four major functions including Collection Offer and Voyage Program

According to official news from Odaily, SPACE ID, a decentralized universal domain name protocol, announced the official launch of version 2.0, including four major functions: Collection Offer, SPACE ID Gift Card, Referral Program, and SPACE ID Voyage Program.

Additionally, the team has adjusted the SPACE ID 2.0 marketplace fee to 1.5%.

It is reported that the SPACE ID 2.0 version is designed to reward users who help provide real liquidity for top collections. The greater the possibility of Collection Offer being accepted, the more points users will get. Striking Points will start at 15:30 on April 3, Beijing time Start recording.

Paima, a Layer 2 network for blockchain games, launches cross-chain network integration for the Cardano blockchain

Odaily News Paima Studios released a new cross-chain network integration feature for the Cardano blockchain on Monday, which will allow Cardano users to use ADA tokens to participate in on-chain games, while users of other networks can also play Cardano-based games.

Cardano users can play any blockchain game without bridging their tokens to another network. Layer 2 network Paima for blockchain games also supports the migration of games on other networks to Cardano, allowing users of these networks to play Cardano-based games without moving assets.

All games on the network are non-custodial, meaning funds remain in users’ wallets rather than having to be transferred to the game’s wallet, reducing security risks, Paima said. (CoinDesk)

Klaytn to Launch Decentralized Oracle Service Orakl Network

Odaily News On April 4th, South Korean blockchain platform Klaytn plans to launch Orakl Network, a decentralized oracle network specially designed for Klaytn, which will give priority to providing new data feeds according to the needs of DApps in the Klaytn ecosystem, and only $KLAY Form charges. Every time Orakl Network provides data to DApps on Klaytn, a portion of the fees collected will be burned.

It is reported that Orakl Network is the first oracle service centered on Klaytn.

Odaily News Today, Gem changed its name to OpenSea Pro and launched a new version of its official website. According to the official website, OpenSea Pro tracks users' activities on the platform and will continue to "score". After the new version of the official website was launched, OpenSea Pro added the transaction volume gas consumption query function of the specified address.

Metaverse GameFi and NFT

According to previous reports, in April 2022, OpenSea announced the acquisition of Gem.

Metaverse GameFi and NFT

Sei Network to Launch Sei Sunken Treasure NFT "Open Box" on April 5th

Odaily news Layer 1 public chain Sei Network announced that it will launch the second phase of the Sei Sunken Treasure NFT event at 5:00 on April 5th, Seilors will be able to "unbox" their Sunken Treasure NFT and determine the rarity.

Sei Network said it has minted more than 600,000 Sei Sunken Treasure NFTs since March 15.

Yuga Labs to Launch Otherdeed Expanded NFT Minting to Unlock Gaming Experiences Like LOTM

Odaily News Yuga Labs has updated the gameplay of the 2D strategy game Legends of the Mara (LOTM) on the metaverse platform Otherside. Users can claim by participating in Koda "Decoupling" and Vessel, and the user's Otherdeed will be destroyed and will become part of the Otherdeed Expanded NFT. New NFTs will be transferred to user wallets, and these new collectibles are the key to unlocking gaming experiences through Otherdeed Expanded, including the LOTM game.

It is reported that Otherdeed Expanded is a dynamic NFT that can change over time. Two key components of the LOTM game are the Otherside Koda NFT and the Otherside Vessel NFT. Koda Decoupling will take place this week and Vessel Claims will open later this week, both open indefinitely.

Elon Mask released related pictures of the NFT project The Memes by 6529 this morning, and the floor price rose by more than 20%

Odaily News On April 4th, Elon Mask released the NFT project The Memes by 6529 series of SeizeJPGs pictures this morning. Perhaps affected by this, the floor price of the NFT project The Memes by 6529 rose by 23% in 24 hours, temporarily reported at 0.0975 ETH; transaction volume The increase reached 2045%; the number of transactions increased by 1000%.

The mentioned work, SeizeJPGs, is currently selling for 1.88 ETH, or roughly $3,400. The Memes by 6529 is a multi-season NFT project initiated by the well-known Web3 opinion leader Punk 6529.

Altered State plans NFT marketplace for FIFA's AI-driven World Cup mobile game

It is reported that Web3 artificial intelligence company Altered State Machine developed the mobile game, which is currently available on Android and plans to launch an iOS version "soon". The open beta version of the game is an expanded iteration of its World Cup prediction game, which launched last November.

proposal

Additionally, an Altered State spokesperson revealed that the company plans to launch an NFT marketplace for the game in the near future. At that time, the game's characters will be minted into NFTs, and all characters will be represented by NFTs. (Decrypt)

proposal

Arbitrum Community Releases New Proposal to "Blacklist Scammers and Refund Victims"

To implement the proposal, the DAO will need to allocate resources to developing reporting and blacklisting processes, and developing guidelines for determining eligibility for refunds. DAO also needs to cooperate with other decentralized financial platforms and centralized exchanges to share blacklists and prevent scammers from cashing out.

Investment and Financing

The proposal will require ongoing monitoring and evaluation to ensure its effectiveness.

Odaily News Dragonfly Capital, a well-known encryption investment institution, announced a strategic investment in Bitget, amounting to US$10 million. This investment will support Bitget's global expansion and product line expansion, and carry out more public welfare education actions related to encrypted assets.

Gracy Chen, managing director of Bitget, said: "Bitget is the fastest growing exchange in the past 12 months. This investment is a recognition of our focus on construction in the bear market. In addition to financial support, we value Dragonfly more in the encryption field. At the same time, its huge investment portfolio also helps us build an encryption ecosystem covering from CeFi to DeFi.”

Soccer metaverse project TOPGOAL receives multi-million dollar investment from DWF Labs

Odaily news The football metaverse project TOPGOAL announced that it has received millions of dollars in investment from DWF Labs. DWF Labs is a Web3 venture capital institution and digital asset market maker.

The announcement stated that this investment will enable TOPGOAL to build a soccer metaverse driven by artificial intelligence and blockchain technology, further realizing its vision of bringing sports to Web3 and creating new digital and virtual experiences.

Data platform Satsuma completes $5 million in seed round financing, led by Initialization Capital and Archetype, with participation from YC, OpenSea and others

Odaily News Blockchain data indexing platform Satsuma announced the completion of a $5 million seed round of financing, led by Initialization Capital and Archetype, with participation from OpenSea, Y Combinator, Homebrew, and South Park Commons.

Satsuma was established last March. The project uses The Graph's open-source technology to query and index on-chain data. Satsuma is not a decentralized protocol, but a business entity of the SAAS (Software as a Service) model. Satsuma can help developers gain a deeper understanding of on-chain data, making it easier to search and analyze on-chain data, such as the TVL of DeFi protocols. (the block)

Modular blockchain Astria closes $5.5M seed round led by Maven 11

Satsuma was established last March. The project uses The Graph's open-source technology to query and index on-chain data. Satsuma is not a decentralized protocol, but a business entity of the SAAS (Software as a Service) model. Satsuma can help developers gain a deeper understanding of on-chain data, making it easier to search and analyze on-chain data, such as the TVL of DeFi protocols. (the block)

Odaily News Modular blockchain Astria completed a $5.5 million seed round of financing, led by Maven 11, with participation from 1kx, Delphi Ventures and Figment Capital, and the financing was used to develop its shared sequencer network.

Nibiru Chain completes $8.5 million seed round financing at a valuation of $100 million, led by NGC Ventures and others

Odaily News Nibiru Chain, a decentralized financial center, completed a seed round of financing of US$8.5 million at a valuation of US$100 million, led by Tribe Capital, Republic Capital, NGC Ventures and Original Capital. Funding will help build the tech stack, team and community. Nibiru Chain plans to start raising Series A funding later this year, targeting a valuation of $200 million to $250 million.

This summer, Nibiru plans to launch some of its algorithmic stablecoin NUSDC as well as a testnet. NUSD will be collateralized by USDC and NIBI, Nibiru’s native token for staking, utility and governance. (CoinDesk)

Delphi Labs completes $13.5 million in financing led by P2P

Delphi Labs completes $13.5 million in financing led by P2P

Each team in the accelerator will receive $200,000 in funding. The main part of the program will last four to six months, with project teams being introduced to Delphi's network of potential investors at the end of the programme. (CoinDesk)

Odaily News Delphi Digital's incubation unit Delphi Labs completed a financing of 13.5 million US dollars, led by P2P, and participated by Jump Crypto and others. The funds will be used to establish an accelerator designed to foster the growth of teams working to start Web3 projects. The financing is the first time Delphi has sought outside investment.

Odaily News Polyhedra Network is a start-up company that provides Web3 infrastructure supported by zero-knowledge (ZK) proofs, completed a PreA round of financing of US$15 million, led by Polychain Capital, ABCDE, Sparkle Ventures, HashKey Capital, Foresight Ventures, Kucoin Ventures, NGC Ventures and Arcane Group participated in the investment

Polyhedra Network is building a system focused on blockchain interoperability, scalability, and privacy. These systems include zkBridge, which facilitates cross-chain asset and data transfers. (CoinDesk)

global policy

Polyhedra Network is building a system focused on blockchain interoperability, scalability, and privacy. These systems include zkBridge, which facilitates cross-chain asset and data transfers. (CoinDesk)

global policy

SNB Plans Stablecoin and Live Wholesale CBDC Pilot

Odaily News Last week, the Swiss National Bank ( SNB ) outlined its vision for Swiss payments and has conducted various wholesale central bank digital currency (CBDC) tests. Now it plans to issue a true wholesale CBDC on the SIX Digital Exchange (SDX) for a limited time.

The SNB is also exploring a private token backed by central bank reserves as a potential solution for settling financial transactions.

The planned wholesale CBDC pilot is the latest iteration of the Helvetia project. This involved SDX, a Swiss-regulated DLT-based exchange, and a central securities depository, and in the second iteration, five banks participated: Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Rendsburg, and UBS.

On the settlement side, Helvetia initially explored integration with SIC, Switzerland's main real-time gross settlement (RTGS) system, also operated by the SIX Group. But the trial was later expanded to include wholesale CBDC on a test version of SDX as a settlement asset for tokenized securities trades. (Ledger Insights)

Kenya’s Proposed Bill Proposes Broadening Security Definition to Include Crypto Assets

Odaily News According to Kenyan economist and blogger Amboko Julians, the East African country’s parliament will debate a bill that proposes to bring blockchain technology and digital currencies under the jurisdiction of the Kenyan Capital Markets Authority (CMA). In addition to seeking to include definitions of blockchain and cryptocurrencies, the bill proposes “expanding the meaning of ‘securities’ to capture digital currencies,” Julians said.

Brazilian Investment Bank BTG Pactual to Launch USD Stablecoin 'BTG Dol'

Odaily News Brazilian investment bank BTG Pactual said on Tuesday that it will launch a 1:1 stablecoin "BTG Dol" anchored to the US dollar.

BTG Dol will be listed on Mynt, the bank’s encrypted asset platform, and can be accessed through BTG Pactual’s own investment system.