headlines
The Office of the State Council Leading Group for Promoting the Development of Small and Medium-sized Enterprises issued a notice on printing and distributing several measures to enhance the competitiveness of small and medium-sized enterprises, which mentioned: strengthening credit support. In-depth implementation of the project to improve the financial service capabilities of small and medium-sized enterprises, support financial institutions to deepen the use of big data, artificial intelligence, blockchain and other technical means, improve credit approval and risk management models, and continue to increase the number of first loans, renewal loans, and credit loans for small and micro enterprises. , The scale and strength of medium and long-term loans. (Ministry of Industry and Information Technology)
digital currency
Latin American e-commerce giant Mercado Libre will allow Brazilian users to invest in cryptocurrencies
The listed company Phunware bought 398 BTC for about $23.8 million, with an average unit price of $59,917
NFT Data Daily: The 24-hour trading volume of Vox Collectibles increased by 86.72%
According to the latest data from CryptoSlam, the top ten NFT projects in the past 24 hours and their volume rises and falls are as follows: Axie Infinity (-3.09%), Wolf Game (+27.35%), The Sandbox (+11.0%), CryptoPunks (+43.17%), Bored Ape Yacht Club (+18.48%), Farmers World (+15.94%), Mutant Ape Yacht Club (-7.81%), Vox Collectibles (+86.72%), Doodles (-0.28%), Treeverse (-56.71%).
According to statistics from JPMorgan Chase, the market size of the NFT field has risen from nearly US$1 billion in July to the current US$7 billion. By creating markets for illiquid assets such as digital art, collectibles, music, and games, the NFT space is sure to continue to grow strongly in the years to come as it helps solve the problem of injecting liquidity into naturally illiquid assets.
Blockchain industry
secondary title
Investment and Financing
Encrypted payment company MoonPay completes $555 million Series A financing at a valuation of $3.4 billion, led by Coatue and Tiger Global
Encrypted payment infrastructure company MoonPay announced the completion of a US$555 million Series A equity financing, led by Coatue and Tiger Global, with a post-money valuation of US$3.4 billion. The new financing will be used to hire new employees, expand the geographic reach of the business and add more payment methods. MoonPay co-founder and CEO Ivan Soto-Wright said in an interview that the company will also consider mergers and acquisitions. He also added: "Our next phase is to really try to focus on the emerging movement around NFTs, which we think is going to be a really big area where more and more people are going to enter the crypto economy." Concept, MoonPay is working on a way to simplify the checkout process in the NFT marketplace, and has already begun testing with partners such as OpenSea, Binance, and Dapper Labs. (CoinDesk)
NFT music platform Royal announced the completion of a new round of financing of US$55 million, with participation from a16z, Coinbase Ventures, Paradigm, The Chainsmokers, Nas, Logic&Kygo, etc. It is reported that Royal was launched this year by the well-known American DJ and producer Justin "3LAU" Blau, aiming to help artists create and sell NFT, while providing a new business model, fans can earn royalties by investing in artists' works in return.
According to news on August 26, Royal completed a $16 million seed round of financing, with Paradigm and Founders Fund each injecting $7 million. General partners Fred Ehrsam and Keith Rabois joined Royal’s board of directors. Royal co-founder JD Ross invested $1 million through his own venture capital arm, Atomic, and several angel investors contributed the remaining $1 million. It is reported that by tokenizing songs, Royal divides copyrights into encrypted tokens, which can be purchased and traded by anyone, and may eventually allow fans to claim a small portion of song royalties, aiming to subvert traditional record transactions. Note: Blau sold $11.7 million in NFT albums in February. (Decrypt)
global policy
The US swap market is pricing in a 25 basis point rate hike at the Fed's next June meeting, and money markets expect the Fed to raise rates by 25 basis points in June (previously expected in July). (Golden Ten)
Character·Voice
Founder of Three Arrows Capital: Converting SOL to ETH is the worst decision I have made in 2021, and I agree with SBF that it is not an insider of Solana
Su Zhu, the founder of Three Arrows Capital, said on Twitter that converting SOL to ETH was the worst decision he made in 2021. Su Zhu said that Samani, the founder of Multicoin Capital, had advised him to invest in Solana, but Su Zhu believed that Ethereum would expand, so he did not accept the suggestion in time, and did not purchase SOL until later through off-market transactions. After earning a 20-fold return, Su Zhu converted all of SOL into ETH, which he thought was the worst decision he had made in 2021.
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