headlines

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headlines
Sequoia to launch $500-600 million crypto fund to invest in liquidity tokens
News Sequoia Capital (Sequoia Capital) will launch a new cryptocurrency-focused fund, Sequoia Crypto Fund, with a fund size of $500-600 million, mainly investing in "liquid tokens" (listed or to be listed on exchanges) ). The fund is part of the larger Sequoia Capital Fund.

Maguire, a partner at Sequoia Capital, said that the institution is particularly interested in cross-chain interoperability and GameFi projects, and believes that multi-chain is the future. "We're still in the absolute infancy. Cryptoassets are going to be the biggest trend in the next 20 to 30 years," Maguire said.

In addition to the cryptocurrency sub-fund, Sequoia Capital will continue to invest in cryptocurrency startups through its primary seed fund, venture fund, growth fund and expansion fund, which have a total capital commitment of more than $7.5 billion. (The Block)

Circle, the USDC issuer, announces new deal terms with SPAC, valuation rises to $9 billion

According to official news, Circle, the USDC issuing company, announced that it has reached new transaction terms with Concord Acquisition Corp (NYSE:CND), a special purpose acquisition company, and the valuation of Circle has risen from the US$4.5 billion announced in July 2021 to US$9 billion.
In addition, the Zhejiang Provincial Development and Reform Commission also requires development and reform departments at all levels to strengthen the dynamic screening of virtual currency mining electricity. A differential electricity price policy will be implemented. If the policy implementation time is less than one meter reading cycle, it can be determined by multiplying the daily average electricity consumption in the corresponding meter reading cycle by the number of days for which the differential electricity price policy should be implemented. (Official website of Zhejiang Provincial Development and Reform Commission)

cryptocurrency

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cryptocurrency

Nvidia announced its Q4 financial report, and revenue from encryption mining chips fell by 77% month-on-month

Chipmaker Nvidia’s crypto mining processor (CMP) revenue fell to $24 million in its fiscal fourth quarter ended Jan. 30, down 77% from $105 million in the previous quarter. Nvidia announced the launch of encryption-specific CMP in February last year to protect sales of its flagship GPU for gamers, and the company also introduced computing power limits for its flagship GeForce GPU, aiming to provide gamers with more products.
Twitter’s tipping function adds support for Ethereum wallet addresses

Mobile Twitter users will be able to add ethereum addresses to their list of potential tips, Twitter announced Wednesday. The company rolled out NFT avatar verification for paid Twitter Blue subscribers last month.

Over 75% of Byzantine behaviors in the Ethereum beacon chain have not been punished by slash

SushiSwap Launchpad platform MISO released on Harmony

On February 16, Zhiguo He from the University of Chicago and Jiasun Li from George Mason University published a paper "Contract Enforcement and Decentralized Consensus: The Case of Slashing". Many new blockchain applications rely on "stake and slash" mechanisms to align incentives, the paper says. The paper points out that the design of this "contract" problem cannot be separated from the details of the decentralized consensus formation process. The paper conducts empirical research on Ethereum 2.0 and finds that more than 75% of Byzantine behaviors escape punishment (Slashing), highlighting that slashing may not be as effective as commonly believed.

SushiSwap Launchpad platform MISO released on Harmony

The SushiSwap Launchpad platform MISO was launched on Harmony and will soon be launched on Ethereum and other chains. MISO is a completely permissionless startup platform with multiple token types, multiple auction types and liquidity startup, voted and funded by Sushi DAO.
Chainlink announced the release of Chainlink Verifiable Random Function (VRF) v2. In addition to running on the Ethereum mainnet, Chainlink Network also plans to deploy to other blockchains, such as Polygon and BNB Chain.

1inch Network launches its spot price aggregator

Major upgrades to v2 include enhanced subscription management, the ability to adjust gas limits, extended block confirmations, and the ability to request multiple nonces in a single on-chain transaction. Compared to v1, the new and improved version can reduce transaction fees by 60%.
In addition, Gem will automatically help users claim LOOKS rewards, sell WETH rewards and exchange them for LOOKS for re-staking to obtain compound interest, and users do not need to pay Gas fees. LOOKS automatic compound interest rewards can be claimed at any time.

NFT

NFT market aggregation platform gem.xyz will integrate LooksRare

Vasa, the founder of gem.xyz, an NFT market aggregation platform, tweeted that gem.xyz will integrate LooksRare, and users can use Gem to buy NFT from LooksRare.
In addition, Gem will automatically help users claim LOOKS rewards, sell WETH rewards and exchange them for LOOKS for re-staking to obtain compound interest, and users do not need to pay Gas fees. LOOKS automatic compound interest rewards can be claimed at any time.

LooksRare users can list NFT for free and import orders from OpenSea

News LooksRare users can list collections for free in the next 7 days. In addition, users can directly import orders from OpenSea to LooksRareNFT.

LooksRare users can list NFT for free and import orders from OpenSea

News LooksRare users can list collections for free in the next 7 days. In addition, users can directly import orders from OpenSea to LooksRareNFT.
Etherscan Adds "View NFT" and "Contact Holder" Functions

The Ethereum block browser and data analysis platform Etherscan has added "View NFT" and "Chat with Owner" functions. Etherscan adds a new "View NFT" button for all NFT transactions, and users can click to view NFT details.

In addition, the NFT details page supports the "Chat with Owner" function, and you can click the button to contact the NFT holder for communication.
Universal Music Group has reached a partnership with NFT platform Curio to develop NFT series for record labels and artists

Universal Music Group has entered into a partnership with NFT platform Curio to develop NFT collections for its labels and artists.

Universal Music said it plans to work with Curio to develop digital artwork and other collectibles for the company and its artists. Curio will also serve as an online store, allowing users to purchase officially licensed NFTs, and will launch its first NFT collection in March in partnership with Capitol Music Group and British singer-songwriter Calum Scott. (Channel News Asia)
The filing includes its subsidiaries Kiehl's, Maybelline, Pureology, Urban Decay and Redken, among others. In eight of the documents, L'Oréal said it would "provide people with a virtual world to browse, accumulate, buy, sell and trade virtual cosmetics."

global policy

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global policy

G20 draft: Discussion on central bank digital currency will continue to understand the impact on the financial system, spillover effects and capital flows

G20 Draft: Discussion on central bank digital currency will continue to understand the impact on the financial system, spillover effects and capital flows. (Golden Ten)

Singapore currently has no plans to regulate NFTs

Tharman Shanmugaratnam, Senior Minister and Minister in Charge of the Monetary Authority of Singapore (MAS), said that there is no plan to regulate NFT, and that regulators have adopted a "technology-neutral" stance on NFT. Regulation of MAS. If an NFT is structured to represent rights to a portfolio of listed shares, it will be subject to prospectus requirements, licensing and business conduct requirements like other collective investment schemes. (The Block)

Ukraine's parliament passes law legalizing cryptocurrencies

The central bank of Kuwait stated that cryptocurrencies are not suitable for alternative currencies. (Golden Ten)

Investment and Financing

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Investment and Financing

Stronghold launches $100 million investment fund focused on fintech, Web3 and blockchain

Payments and financial infrastructure company Stronghold announced the launch of $100 million investment fund Stronghold Capital, which will invest in three core areas: neglected and underrepresented founders and fund managers, payments and fintech ecosystems, Web3 and blockchain chain ecosystem. Stronghold CEO and co-founder Tammy Camp will serve as fund manager for Stronghold Capital.
Fantom-based IDO Launchpad Tartarus announced the completion of a strategic round of financing, led by Black Edge Capital and Solidity Ventures, with participation from Banter Capital, Oddiyana Ventures, Newave Capital, GBV Capital, 3Commas Capital, Stakely VC, Paribus Ventures, and Beskar.

Banger Games Completes 10 Million Euros in Strategic Financing, Avalanche and Others Participate

The start-up Banger Games has completed strategic financing of 10 million euros (about 11.4 million U.S. dollars), aiming to become the first blockchain game center that provides players with a comprehensive experience. Avalanche, Shima Capital, GSR, Flori Ventures, Poolz Ventures, G20, LucidBlue Ventures, Belobaba Fund, Square Capital, CSP DAO, Halvings Capital, OIG Capital, and BigCoin Capital participated.

Web3 Native Computing Platform Fluence Completes $9 Million Financing Led by Multicoin Capital

Fluence, a Web3-native computing platform, received $9 million in financing, led by Multicoin Capital, with participation from Alameda Ventures, Tiger Global, Protocol Labs, Arweave Capital, Polymorphic Capital, OP Crypto, Signum Capital, and UOB Venture Management.
It is reported that Fluence is a decentralized and permissionless AWS. Fluence can read data from any public data source (IPFS, Filecoin, Arweave, Ceramic, Ethereum, Polygon, Solana, Flow, etc.), perform computations on it, and store the newly computed data back into any of these repositories.

VC firm True Global Ventures invests $8.3 million in healthcare blockchain firm Chronicled

Venture capital firm True Global Ventures has invested $8.3 million in healthcare blockchain company Chronicled through its blockchain-focused fund. Chronicled said its Series B funding round is planned for later in 2022.

Crypto Startup Multis Announces $7 Million Funding Led by Sequoia Capital

Multis, an encryption start-up company, announced the completion of $7 million in financing, led by Sequoia Capital, with participation from Long Journey Ventures, Sound Ventures, MakerDAO, Paul Veradittakit, Ryan Selkis, Diogo Monica, eFounders, Y Combinator, and White Star Capital. According to reports, Multis plans to provide a software layer that helps Web3 organizations manage their encrypted finances. (Tech Crunch)

Dexalot, a decentralized exchange, completes $7 million in financing, with participation from Avalaunch and others

Dexalot, a decentralized exchange, completed $7 million in financing, with participation from Blizzard, Avalaunch, Colony, Benqi, AVentures, Avascan, Republic Capital, GSR, Muhabbit Capital, Woodstock Capital, Maven Capital, and IPC. (Crypto Daily)

The Secret Network ecological project Shade Protocol completed a private equity financing of 5 million US dollars, and NGC Ventures and others participated in the investment

Official news, privacy app Shade Protocol completed $5 million private placement financing, SCRT Labs, Figment Labs, KuCoin Labs, Composable Labs, AW3 Labs, NGC Ventures, Sky Vision Capital, A41 Ventures, SkyBridge20 Ventures, 0xVentures, Bison Fund, Quant Capital, Citadel.One, Shima Capital, Momentum6, Basics Capital, Taureon, Divergence Capital, Boring DAO, AVentures, etc. participated in the investment.

NEAR ecological DeFi project Ref Finance announced the completion of financing of 4.8 million US dollars, led by Jump Crypto

NEAR ecological DeFi project Ref Finance announced the completion of $4.8 million in financing, led by Jump Crypto, Alameda Research, Dragonfly Capital, D1 Ventures, OKX BlockDream Ventures, Kucoin Ventures, SevenX Ventures, Kronos, Move Capital, Puzzle Ventures, 0xMaki, Caoyin, etc. Participate in voting. Ref Finance’s current round of financing aims to expand its team, continue to build DeFi services, and better support the NEAR ecosystem.

Metaverse game Bullieverse announced the completion of $4 million in financing, Spark Digital Capital, LD Capital and others participated in the investment

Bullieverse announced the completion of $4 million in financing, Rainmaker Games, OKX Blockdream Ventures, Fundamental Labs, GracityX, LD Capital, Genblock Capital, Spark Digital Capital, Roark Fund, Shima Capital, ExNetwork, Mintable, DWeb3, Gate Labs, Good Games Guild and C² Ventures. (Crypto Daily)

Backdrop, a Web3 project, completes $1.7 million in financing, with participation from Coinbase Ventures and others

According to official news, Backdrop, a Web3 project, completed a financing of US$1.7 million, with participation from Seed Club Ventures, Lemniscap, Scalar Capital, el cap, Betaworks Ventures, and Coinbase Ventures.
Backdrop aims to help users shape how they participate and work in the Web3 community and DAO, and will also issue community member NFTs that unlock direct access to participate in Backdrop community project discussions and governance.

Encrypted Trading Platform Gemini Receives Strategic Investment from Blockchain Infrastructure Alliance

Encrypted trading platform Gemini announced that it has received a strategic investment from Blockchain Infrastructure Alliance (BIA), a blockchain infrastructure alliance, through BIA member and venture capital fund Draper Dragon. create. It is reported that the investment in Gemini is part of BIA's broader investment plan, which aims to promote the expansion of decentralized technologies and communities.
Since its establishment in the fourth quarter of 2021, BIA has attracted many entities in the encryption industry to join, including Polygon, Avalanche, Alchemy Pay, NEAR and Algorand, etc. In addition to incubating promising new projects, BIA provides services such as developer tools and documentation, open source libraries, decentralized applications with open source components, developer educational materials, and interoperability solutions. (AMBCrypto)

Tartarus Completes Strategic Funding Round Led by Black Edge Capital and Solidity Ventures

Fantom-based IDO Launchpad Tartarus announced the completion of a strategic round of financing, led by Black Edge Capital and Solidity Ventures, with participation from Banter Capital, Oddiyana Ventures, Newave Capital, GBV Capital, 3Commas Capital, Stakely VC, Paribus Ventures, and Beskar.
It is reported that CryptoDaku and Fabian Van Doesburg recently joined its advisory board.

GameFi project Kyberdyne completes private placement financing, led by Shima Capital and LD Capital

According to official news, the GameFi project Kyberdyne announced the completion of private equity financing. Shima Capital and LD Capital led the investment, and Skyman Ventures, Good Games Labs, AC Capital, NFV and others participated in the investment. The specific financing amount has not been disclosed yet.

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Charlie Munger: Hope Cryptocurrencies Are Banned Immediately
Buffett's business partner, Charlie Munger, thinks VC and Bitcoin are a bit overextended, and he even thinks cryptocurrencies should be banned.

Munger said, "I want it to be banned immediately. I am certainly not invested in cryptocurrency, and I am proud to avoid it. Cryptocurrency is like a venereal disease. It makes me dismissive."

The 98-year-old billionaire has long been a critic of bitcoin, having previously called it "rat poison." On Wednesday, he again warned that the market was overextended, including the influx of venture capital money into startups.