Star Project Weekly Report | NEAR completes $150 million in financing; Moonbeam is officially launched (1.10-1.16)
During the week from January 10th to January 16th, the events worthy of attention in the progress of star projects include:NEAR Completes $150 Million Financing；Moonbeam Network completes the startup process；Polygon will conduct a London hard fork on January 18 to introduce a burning mechanism；Celer announced the launch of the Celer message cross-chain framework；dYdX plans to launch fully decentralized dYdX V4 by the end of 2022；OpenSea official website adds Watchlist function。
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.
Bottom layer - public chain
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.
Web3 Foundation Announces 12th Funding Program
The Web3 Foundation announced the 21 recipient projects for the 12th funding, as follows:
Development Tools: Matthew Darnell, Litentry, Gmajor, Nitor Infotech, DodoRare, Web Registry DAO, Helikon Labs, Crypto Pay Lab; Interfaces: Web3go, Logion; Runtime Modules: Iridium Industries, DICO, Elamin LTD, Universaldot Foundation, AdMeta; Intelligence Contracts: Prosopo, SuperColony, Alexander Gryaznov, Rainbowcity Foundation, Koi Metaverse, Health Hero. (Polkadot Chinese platform)
Moonbeam Network has completed the startup process and has been launched on Polkadot
On January 11, the Polkadot ecological smart contract platform Moonbeam Network officially stated that it has successfully completed its launch and became the first fully operational parachain on the Polkadot chain. It will continue to deploy other infrastructure in the future, including cross-chain bridges, Multi-signature support, Chainlink oracle integration, etc. Currently, GLMR Token can be transferred, and users can connect Moonbeam to MetaMask to use GLMR.
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.
BSC Launches the Fourth Round of the Most Valuable Builder Program (MVB IV)
Binance announced that BSC launched the fourth round of the Most Valuable Builder Program (MVB IV), which will focus on high-performance infrastructure, NFT & GamingFi, and DeFi applications, and comprehensively evaluate from multiple dimensions such as demand, core indicators, and security Project performance. MVB IV is scheduled to start in January 2022 and end in April 2022.
It is reported that this MVB IV is divided into three stages. The first stage is the project registration stage (January-April), and the second stage will be the monthly star selection (January-March). Community strength and other factors carefully evaluate the participating projects, and then select the best ones as MVB monthly stars, and finally select the final top players in the third stage (April). (BSC News)
DFINITY Foundation: The first phase of direct integration of ICP and BTC has been completed
The DFINITY Foundation tweeted that the team is focusing on the direct integration of ICP and BTC, and has completed the first phase to unlock smart contracts on BTC. in particular:
Phase 1 (completed): Threshold ECDSA signature (see demo);
Phase 2 (under development): BTC<>ICP test network;
Phase 3 (under development): BTC<>ICP is fully integrated.
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.
The EOS Network Foundation published an article today introducing the EVM+ working group. The article analyzes the importance of EOS to achieve EVM compatibility and attract Ethereum and more chain developers/projects to EOS, and introduces the focus of the EVM+ working group in detail, including smart EVM compatibility at the contract level, ETH precompiled contracts, fully compatible with RPC, exploration of EOS's more certain and lower-cost Gas consumption model, and support for Metamask. The article emphasizes: EOS ecology needs to be introduced and go out, and achieving EVM compatibility is the best way to let more people discover the potential of EOS in the short term.
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."
Bottom-Layer2
Bottom-Layer2
Polygon Zero announced Plonky2, calling it the fastest ZK scaling technology
Polygon announced in a blog post on Monday that Polygon Zero's "Plonky2" technology has set a new milestone in speed and scalability, which may be a breakthrough in Ethereum throughput.
The Polygon team wrote in a blog post, “Plonky2 is a recursive SNARK that is 100 times faster than existing alternatives and compatible with Ethereum. It combines the advantages of PLONK and FRI with fast proofs and a trustless setup.” ; also combine the advantages of SNARKs to support recursion and low verification costs on Ethereum."
As previously reported, Polygon acquired zero-knowledge technology developer Mir for $400 million and renamed it Polygon Zero. (CoinDesk)
Polygon will conduct a London hard fork on January 18 to introduce a burning mechanism
infrastructure components
It is reported that in December 2021, Polygon launched a testnet implementation of the Ethereum Improvement Proposal 1559 on the Mumbai testnet to introduce MATIC token burning and better visibility of gas fees, which borrowed from Ethereum’s burning mechanism.
infrastructure components
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.
Celer Network announced the launch of the Celer Inter-chain Message (Celer Inter-chain Message, hereinafter referred to as Celer IM), and it has been launched on the test network.
Developers can now use Celer IM to use cross-chain function calls for multi-chain combination of dApps; at the same time, Celer IM greatly simplifies the application experience, and users can use multi-chain applications with one click without switching the connected blockchain.
RabbitHole announces RabbitHole meta-governance to help the protocol gain active contributors
RabbitHole, a blockchain application incentive platform, announced the launch of Metagovernance. This means that anyone in the RabbitHole community can use tokens in the Rabbithole Treasury to participate in governance.
As RabbitHole works towards its vision of being the best place to find and discover jobs in Web3, RabbitHole meta-governance provides community members with opportunities to build their DAO skills and help others get started. RabbitHole meta-governance aims to convert verified active users in the protocol into active contributors by forming a governance collective.
As a token holder, RabbitHole DAO can actively participate in the protocols it uses, starting with ENS, Uniswap, Aave, Compound Labs, The Graph, PoolTogether, Mirror, helping these protocols gain active contributors.
The Ethereum domain name project ENS has launched a vote on the latest governance proposal in Snapshot. It plans to increase the initial price of the temporary premium for expired domain names from $2,000 to $100,000, lower it by $150 per hour, and reduce it to 0 after 28 days. To prevent domain name "sniping (sniping)" situation.
Unstoppable Domains Announces NFT-Based Login Service for Ethereum and Polygon
On January 11, the blockchain domain name project Unstoppable Domains announced the launch of domain name NFT-based login services for Ethereum and Polygon. Users can bind email addresses, credit scores, KYC data, etc. to NFTs by binding the single sign-on protocol. The domain name, which in turn allows the application to look up information about the user. This login is similar to Google login, but without privacy snooping and with more flexibility. (Coindesk)
According to LINKKEY official website, the white paper V1.3 has been updated. The content shows that the registration fee of LINKKEY decentralized user name SNS (sns.chat) will be priced according to the rule of 50% increase per 10,000 people, and detailed airdrop rules have also been released , that is, when a new SNS is registered, the contract will mint 150 KEYs, 50% of which will be airdropped to SNS holders across the network for three years, that is, the earlier the registration, the more airdropped. At the same time, the contract address and more detailed technical information were announced.
DeBank launches Web 3 ID feature
Application layer - DeFi
Application layer - DeFi
dYdX plans to launch fully decentralized dYdX V4 by the end of 2022
dYdX announced that its priority is to launch the next version of the protocol, dYdX V4, by the end of 2022. dYdX V4 will be fully decentralized with no central component. Transaction fees on dYdX V4 cannot be charged by any central party, including dYdX Trading Inc.
In addition, the V4 release will explore other features, including additional trading products such as spot, margin and other synthetic products; improved margin and collateral options; improved market structure and trading; seamlessly adding new trading markets.
Synthetix founder: Consider deploying Synthetix exchange contracts in multiple L1s
Kain Warwick, the founder of Synthetix, said that he began to consider deploying the Synthetix exchange contract to multiple L1s, because Synths can act as a fast withdrawal bridge across the network.
Tornado.Cash, Ethereum’s Privacy Trading Platform, Has Been Deployed to Optimism
On January 14, according to official news, the Ethereum privacy trading platform Tornado Cash has been deployed to Optimism. According to the announcement, the Tornado Cash contract was deployed by its community to Ethereum L2 Optimism and is currently running. Previously, Tornado.Cash has been successfully deployed to Binance Smart Chain, Polygon, xDAI Chain and Avalanche.
According to official news, the cross-chain DeFi platform Kava announced that it will launch the Surge plan. During the event, users who supply new IBC assets on Kava Lend can get KAVA and HARD rewards with an annualized rate of return higher than 500%. ATOM will be the first IBC asset to be added to Kava Lend on January 27th. Proposals to support ATOM supply and lending will go live on January 20th, and the asset will be added to Kava Lend after the proposal passes on January 27th.
In addition, Kava has released the No. 68 community governance proposal, announcing that its latest mainnet Kava 9 upgrade will be carried out from 10:00 pm on January 19th to 0:00 on January 20th, Beijing time. The Kava 9 mainnet will launch the IBC transfer function, which will support cross-chain token transfers between the Kava platform and different networks through the IBC protocol.
Cardano Decentralized Exchange SundaeSwap to Release Mainnet Beta Version
The Cardano decentralized exchange SundaeSwap announced that it will release its DEX full-featured Beta version on the mainnet on January 20.
In addition, from January 20th, liquidity providers participating in Yield Farming will earn SUNDAE rewards. (U. Today)
DeFi lending protocol GoldFinch launches token GFI and will list it on Coinbase
The DeFi lending protocol GoldFinch announced the launch of the protocol token GFI, which will be mainly used for community governance, delegator Staking, auditor pledge and voting, community funding, etc. The total amount of GFI is 114,285,715, of which 4% have been retrospectively airdropped to Senior Pool participants, and 2.85% have been allocated to Flight Academy participants. The official also stated that the Senior Pool has started liquidity mining.
According to official news, Ref Finance, the NEAR ecological DeFi platform, released its roadmap for 2022, and will launch REF unilateral pledge in January. REF token holders will have the opportunity to participate in the governance of the protocol by voting directly on key proposals. The first referendum will be held in the first half of 2022.
Ref Finance will work on centralized liquidity functions in the second half of 2022 and launch the Zap Swap function, allowing anyone to access any LP token in one operation.
Ref Finance will also study NEAR in 2022<>Application layer-NFT
Application layer-NFT
OpenSea official website adds Watchlist function
The OpenSea official website has added a Watchlist function. After logging in, users can add NFT series to Watchlist according to their preferences.
The NFT market LooksRare is online and airdropped to some OpenSea users
According to official news, the NFT market LooksRare and the official token LOOKS are officially launched. Users who trade 3 ETH or more on OpenSea from June 16, 2021 to December 16, 2021 are eligible to receive LOOKS token airdrops.
It is reported that LooksRare is a community-centric NFT trading platform, and LOOKS is the token that supports LooksRare. 100% of LooksRare's platform transaction fees are earned by LOOKS token holders: this reward model was created for the previous generation of NFT market fees that mainly rewarded a single entity. Users can earn LOOKS and WETH tokens by trading NFT on LooksRare, pledging LOOKS, etc. In addition, LooksRare also provides some innovative features, such as series quotations, instant royalty payments to creators, and flexible purchase methods using hybrid tokens (WETH+ETH).
Move to Earn game STEPN launched the first NFT trading market for Solana App
The Move to Earn game STEPN tweeted that it has launched Solana’s first mobile NFT trading market on its App.
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.
Ezek releases roadmap 1.0, Phanta Bear NFT holders will receive NFT airdrops of different levels
According to official news, Ezek released the roadmap 1.0, which includes that Phanta Bear NFT holders will receive different levels of NFT airdrops; a new series of NFT will be released, and Phanta Bear NFT holders have priority casting rights; Phanta Bear NFT will be given more power .
The Associated Press will launch an NFT marketplace for photojournalism on Jan. 31
According to official news, the Associated Press (AP) announced on Monday that it will launch an NFT marketplace built by blockchain technology provider Xooa, where collectors can buy the news agency’s award-winning contemporary and historical photojournalism.
Chen Guanxi: May cooperate with Jay Chou to release a joint NFT project before the end of the year
On January 10, the trendy artist Chen Guanxi spoke in the community and said that he often communicates with Jay Chou on the joint name, and should release some NFT projects in cooperation with Jay Chou before the end of the year.
Shawn Yue announced the upcoming ZOMBIE series NFT
Application Layer - Game
Application Layer - Game
Axie Infinity plans to launch Origin Alpha test, will provide free entry to Axie
According to the official January development update report, Axie Infinity: Origin (Battle V3) development is in full swing, with the goal of launching an Alpha test in the next few months.
It is reported that Origin will be easier to use than the current experience, and players will be able to get a free starter Axie. Origin will introduce a new economic balance feature. The team is working on a technology builder plan and a creator plan, such as creating referral codes, allowing content creators and communicators to get new rewards; building a donation system for Axie community developers.
YGG announces partnership with Coinbase to provide more scholarships for gamers
security incident
security incident
Sports NFT platform Lympo was attacked and lost about $18.7 million
Sports NFT platform Lympo suffered a hot wallet security breach and lost 165.2 million LMT tokens, worth $18.7 million, during a hacker attack. Ten different project wallets were compromised in the attack. (Cointelegraph)
The security agency Rugdoc.io tweeted that multiple IDO projects on the BSC chain (QDROP, MPLAY, GOTEM, ONEP, HBARP, ELIT, PEE) transferred WBNB worth more than $2.6 million on the BSC chain to the privacy trading platform Tornado Cash, Rug Pull suspected.
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.
RariCapital Suffered Serious Price Manipulation, Pie Dun Says Stolen Funds Now Return $250,000
On January 15th, according to Float Protocol’s tweet, the floating protocol pool 90 on the RariCapital pool was affected by the lack of liquidity of the Uniswap V3 FLOAT/USDC oracle, which led to serious price manipulation. The FLOAT/USDC UniV3 pool has about $1 million in funds was stolen, leaving about $550,000 in FLOAT/USDC in Uniswap V3. PeckShield later said it had detected hackers returning $250,000 of the stolen funds.
