| NEAR completed financing of US$150 million; Multichain’s daily trading volume exceeded US$500 million (January 14)
headlines
According to official news, NEAR Protocol recently successfully completed the latest round of financing of 150 million US dollars, led by Three Arrows Capital, Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th ManVentures, Circle Ventures, MetaWeb.vc (NEAR Ecological Fund), hedge fund giant Alan Howard, former ParaFi Capital partner Santiago Santos, and Aave founder Stani Kulechov participated in the investment.
According to official news, the daily transaction volume of the decentralized cross-chain routing protocol Multichain has exceeded 500 million US dollars, of which the transaction volume on Fantom ranks first at approximately 335 million US dollars, followed by BSC (60.81 million US dollars), Avalanche (3368 million U.S. dollars) ranked third.
Composable Finance Wins Polkadot's 7th Parachain Slot Auction
At 21:18 on January 13, 2022, the candle period of the 7th Parachain Slot Auction on the Polkadot network will end. As Composable Finance was in the lead throughout the entire candle period. So after the "rolling the dice" ended, at 23:35, Composable won Polkadot's 7th Parachain Slot Auction by locking 6,027,000 DOT.
NEAR completes USD 150 million in financing, led by Three Arrows Capital, and participated by a16z and others
cryptocurrency
The daily transaction volume of the decentralized cross-chain routing protocol Multichain exceeded 500 million US dollars
At 21:18 on January 13, 2022, the candle period of the 7th Parachain Slot Auction on the Polkadot network will end. As Composable Finance was in the lead throughout the entire candle period. So after the "rolling the dice" ended, at 23:35, Composable won Polkadot's 7th Parachain Slot Auction by locking 6,027,000 DOT.
Under the MoU, India INX will be the trading platform, Cosmea Financial Holdings will be the distributor, and Kling Trading will be the technology partner. Cosmea has applied to the Reserve Bank of India (RBI) for a Small Finance Bank (SFB) license and is awaiting regulatory approval. Torus Kling Blockchain IFSC will provide round-the-clock liquidity through smart order routing, becoming a liquidity provider for INX in India. (Livemint)
secondary title
Asset management company Simplify submits Web3 ETF application to US SEC
DeBank launches Web 3 ID feature
Asset management firm Simplify Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) for Web3. The Simplify Volt Web3 ETF aims to track Web3 companies expected to benefit from technology infrastructure.
India to Launch First Bitcoin and Ethereum Futures ETF
Torus Kling Blockchain IFSC, a joint venture between Cosmea Financial Holdings and Kling Trading India, has signed a Memorandum of Understanding (MoU) with India's INX to launch the country's first Bitcoin and Ethereum futures exchange-traded fund (ETF), which will become The first cryptocurrency-backed futures ETF outside the US. The futures ETF is expected to be launched under the sandbox structure of the International Financial Services Centers Authority (IFSCA) by the end of this financial year. Product launch is subject to IFSCA and other regulatory approvals.
Under the MoU, India INX will be the trading platform, Cosmea Financial Holdings will be the distributor, and Kling Trading will be the technology partner. Cosmea has applied to the Reserve Bank of India (RBI) for a Small Finance Bank (SFB) license and is awaiting regulatory approval. Torus Kling Blockchain IFSC will provide round-the-clock liquidity through smart order routing, becoming a liquidity provider for INX in India. (Livemint)
ParagonsDAO will issue PDT tokens on January 14th
NFT project Frosties "Rug Pull", investors lost more than $1 million
On January 9, the creator of the NFT project Frosties absconded with money, causing investors to lose more than $1 million. According to the available information, there are 8888 NFTs in this series, and its floor price is 0.04 ETH, which is about more than 120 US dollars.
NFT
Azuki NFT Dutch auction sold out within 3 minutes, raising a total of 8700 ETH
At 02:00 am on January 13, the NFT project "Azuki" launched the Dutch auction sale on the official website (there will be a whitelist round later). A total of 8,700 NFTs for this round of sales will be sold for 1 ETH within 3 minutes. The unit price was sold out quickly, and a total of 8,700 ETH was raised.
According to official news, ParagonsDAO will conduct a fair release of PDT tokens on January 14.
23% will be allocated to the founders (2-year vesting period); 1.5% will be allocated to the operation team (1-year vesting period); 67% will be used for private sales; 2.5% will be allocated to the initial bonding campaign "AssGen" (also called asset generation activities); 2.5% will be used for Uniswap V3 liquidity; 3.5% will be allocated to Treasury allocations.
NFT music platform Royal postpones the casting time of the first music NFT Drop
Ripple Launches NFT-Devnet Testnet, Introducing NFT Functionality to XRPL
Ripple has introduced NFT functionality to the XRP Ledger (XRPL) for the first time. RippleX, Ripple's development arm, announced that the NFT-Devnet testnet will provide developers with an easy way to explore the native NFT functionality introduced in the XLS-20d proposal.
Blockchain Service Network (BSN) to roll out infrastructure to support NFTs this month
The Blockchain Services Network (BSN) will roll out its latest infrastructure this month to support cryptocurrency-agnostic NFTs. He Yifan, CEO of Jujube Technology, which provides technical support for BSN, said that as long as NFT has nothing to do with cryptocurrency, "there is no legal problem in China."
Industrial blockchain
Ripple has introduced NFT functionality to the XRP Ledger (XRPL) for the first time. RippleX, Ripple's development arm, announced that the NFT-Devnet testnet will provide developers with an easy way to explore the native NFT functionality introduced in the XLS-20d proposal.
global policy
Blockchain Service Network (BSN) to roll out infrastructure to support NFTs this month
The Blockchain Services Network (BSN) will roll out its latest infrastructure this month to support cryptocurrency-agnostic NFTs. He Yifan, CEO of Jujube Technology, which provides technical support for BSN, said that as long as NFT has nothing to do with cryptocurrency, "there is no legal problem in China."
Industrial blockchain
Beijing courts continue to strengthen the construction of smart courts, and strive to optimize the litigation experience of market players. Through the construction of "Beijing Cloud Court" and "Beijing Mobile Micro Court", the entire process of online litigation has been improved. In 2021, the online trial rate will reach 67.4%, ranking first in the country.
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Investment App Seashell Completes $6M Seed Round, Co-Leaded by Khosla Ventures and Kindred Ventures, Founded by Coinbase Ventures, Solana Ventures, Blizzard Fund, Mark Cuban, Robinhood CEO Vlad Tenev, Former CFTC Chairman Christopher Giancarlo, Elad Gil, Terraform Labs People Do Kwon, Polygon co-founder Sandeep Nailwal and others participated in the investment. (The Block)
Investment and Financing
Web3 entrepreneurial accelerator DeFi Alliance announced the establishment of the decentralized autonomous organization Alliance DAO and completed $50 million in financing. Twitch co-founder Kevin Lin, Gemini co-founder and president/CEO Cameron and Tyler Winklevoss, Terra founder Do Kwon, Devin Finzer, co-founder and CEO of OpenSea, Stani Kulechov, founder of Aave, Jeremy Allaire, co-founder and CEO of Circle, and Zac Prince, founder of BlockFi, participated in the investment.
So far, DeFi Alliance has helped more than 90 crypto startups and DeFi projects, such as 0x, Alpha Finance, dYdX, Kyber, Olympus DAO, Paraswap, Ribbon Finance, Sushiswap, Synthetix and Zerion, etc. (Block Works)
Alternative professional sports league Fan Controlled Football (FCF) completed $40 million in Series A financing, led by Animoca Brands and Delphi Digital, Gemini Frontier Fund, 6th Man Ventures, Jump Crypto, Red Beard Ventures, Spartan Capital, NGC Ventures, The Sandbox jointly Founder Sebastian Borget and others participated in the investment.
DeFi API startup Conduit completes $17 million in financing led by Portage Ventures
Conduit, a DeFi API start-up company, completed a financing of US$17 million, led by Portage Ventures, and participated by FinVC, Gemini Frontier Fund and former a16z partner Rex Salisbury.
Proof of Learn (POL), a Learn to Earn platform, announced the completion of $15 million in financing, led by New Enterprise Associates, with participation from Animoca Brands, GoldenTree Asset Management, gumi Cryptos Capital, and Infinity Ventures Crypto. Funds from this round of financing will be used for project promotion . (CoinDesk)
ChromaWay Closes $10M Funding Led by True Global Ventures
News ChromaWay has completed a financing of US$10 million, led by True Global Ventures 4 Plus (TGV4 Plus) Fund of US$5 million.
According to reports, ChromaWay is the creator of relational blockchains, combining the power and flexibility of mature relational database systems with the secure collaboration and disruptive potential of blockchains, making it easy to develop user-friendly decentralized blockchains for almost any industry application, including DeFi, games, music, land management, etc. (AMBCrypto)
Investing app Seashell closes $6 million seed round led by Khosla Ventures and Kindred Ventures
Investment App Seashell Completes $6M Seed Round, Co-Leaded by Khosla Ventures and Kindred Ventures, Founded by Coinbase Ventures, Solana Ventures, Blizzard Fund, Mark Cuban, Robinhood CEO Vlad Tenev, Former CFTC Chairman Christopher Giancarlo, Elad Gil, Terraform Labs People Do Kwon, Polygon co-founder Sandeep Nailwal and others participated in the investment. (The Block)
Friktion Labs, the development team behind Friktion, an option protocol on the Solana chain, announced the completion of $5.5 million in financing, Jump Capital, DeFiance Capital, Pillar, Libertus Capital, Delphi Ventures, Sino Global Capital, Tribe Capital, Castle Island Ventures, Dialetic, Petrock Capital, Solana Capital Wait to vote. (BlcokWorks)
DeFi governance platform Bribe completes $4 million in financing led by Spartan Group
DeFi governance platform Bribe completed a $4 million seed round of financing, led by Spartan Group, with participation from Dragonfly, Hypersphere, Fundamental Labs, IOSG, Fenbushi Capital, Rarestone Capital, GravityX, Shima Capital, and Figment.
GCR DAO Completes USD 1.2 Million in Financing, IDEO CoLab Ventures, 1kx and Others Participate
The decentralized community GCR DAO announced the completion of $1.2 million in financing. IDEO CoLab Ventures, 1kx, Valhalla Capital, HanDAO and GBIC participated in the investment. Other investors include Axie Infinity co-founder Jeff Zirlin, YGG co-founders Gabby Dizon and Beryl Li, Polygon CEO Jaynti Kanani, Flamingo DAO’s Adam Kornfield, Coinvise CEO Jenil Thakker, CoinGecko co-founder Bobby Ong and Showtime CEO Alex Mesmaj, among others.
According to official news, MetaCat has completed the seed round of financing, and participating institutions include HashKey, Zonff Partners, Digital Humanism, Metaverse Limited, and Null Capital.
DeFi governance platform Bribe completed a $4 million seed round of financing, led by Spartan Group, with participation from Dragonfly, Hypersphere, Fundamental Labs, IOSG, Fenbushi Capital, Rarestone Capital, GravityX, Shima Capital, and Figment.
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GCR DAO Completes USD 1.2 Million in Financing, IDEO CoLab Ventures, 1kx and Others Participate
The decentralized community GCR DAO announced the completion of $1.2 million in financing. IDEO CoLab Ventures, 1kx, Valhalla Capital, HanDAO and GBIC participated in the investment. Other investors include Axie Infinity co-founder Jeff Zirlin, YGG co-founders Gabby Dizon and Beryl Li, Polygon CEO Jaynti Kanani, Flamingo DAO’s Adam Kornfield, Coinvise CEO Jenil Thakker, CoinGecko co-founder Bobby Ong and Showtime CEO Alex Mesmaj, among others.
