This week's summary:

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This week's summary:

- Both Near Protocol and Tron are developing their own stablecoins. JZL is focusing on the stablecoin market and will provide more in-depth research on this topic.

1. Last week's industry trends:

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1. Last week's industry trends:

This week, the blockchain market is still in the process of "downcast". As of writing, it closed at 38025.7, a drop of nearly 4% from last week, and a drop of nearly 22% from the high point of 48221 a month ago, the lowest drop To 37371.7, but has not effectively fallen below the 38000 support level.

The current correlation between Bitcoin and U.S. stocks is still continuing, and the 30-day Correlation can reach a maximum of 0.9. At the end of the first quarter, Bitcoin outperformed the S&P500 by 5 points. However, since April, due to the high volatility of Bitcoin Influenced by its characteristics, Bitcoin has lagged behind the S&P 500 by nearly 3 points, while gold still outperforms other financial assets in another posture.

Notably, the S&P 500 lost 13.3% in the first four months of the year, the worst performance since 1939 (17.3% in 1939).

The high correlation between the encryption market and the US stock market is closely related to the entry of hedge funds. Since the beginning of 2021, the total volume of futures trading has been on an overall downward trend. With the gradual decline in market activity, volatility has also been converging. Arbitrage opportunities in the market have gradually become an area where only "high-frequency players" can stop , as more and more hedge funds enter the encryption market and intensify competition in this field, the basis difference (the difference between futures and spot prices) that is visible to the naked eye has basically disappeared, and there are no opportunities for risk-free arbitrage at the beginning of 2021. Compared with the daily futures trading volume of 70 billion to 80 billion US dollars in 2021, the futures trading volume in 2022 has dropped by more than 59%, and the current daily trading volume is only about 30.7 billion US dollars. Open interest in the futures market is also significantly below the 2021 bull market phase, currently hovering around $15 billion.Similarly, due to the impact of low basis and the fact that the crypto market has derivatives such as perpetual contracts for leveraged trading, the role of delivery contracts has been negligible. Glassnode data shows that the current trading volume of perpetual contracts accounts for the total futures transactions. Compared with the beginning of 2021, the perpetual contract only accounted for 75% of the total futures trading volume. Perpetual contracts have the advantages of no delivery date and no delivery costs. Compared with spot leveraged or delivery contracts, it is more convenient for traders to manage positions and leverage, and it is also easier to deal with liquidation and other phenomena.

Another feature of the perpetual contract is the "funding rate"

, the funding rate is a tool used to anchor the perpetual contract and the spot price. When there is an obvious trend in the market, the funding rate will also deviate from this trend. Entering 2022, the annualized rate of return of the funding rate will decrease significantly , and rarely provide directional signals, which brings us two thoughts: one is that the decline in futures trading volume leads to fewer liquidation phenomena in extreme market conditions, and the market will be more stable; the other is the annualized capital rate The yield has dropped to 3%, which is almost equivalent to the yield of the 10-year U.S. Treasury bond. Capital may continue to leave the market and continue to reduce market activity.

Entering the second quarter, there are several important nodes that need continuous attention. The first and most important thing is the impact of the Federal Reserve’s interest rate meeting on the market. Whether the 50bp expected by the market in May and the shrinking of the balance sheet will be realized will play a decisive role in the future of the encryption market. Secondly, Musk’s finalization of Twitter’s acquisition has also aroused great discussions in the industry. How Musk will change Twitter in the future and whether he will provide strong support for web 3.0 are all waiting to be seen. In addition, the progress of Ethereum 2.0 is still an important milestone in the encryption field. The Gas War caused by the Yuga Labs metaverse land auction this week is the epitome of the current weak performance of Ethereum.

Finally, at Buffett's shareholder meeting this weekend, both Buffett and Charlie Munger expressed their disapproval of Bitcoin. We believe that Buffett, as an American elite, has his own reasons for hating Bitcoin:

1. Bitcoin and all digital currencies and their derivatives are indeed harmful to powerful countries and have no benefit. Note that it is a powerful country, not an authoritarian government;

3. If Bitcoin and its derivatives are opium, poppies can indeed grow freely on the territory of other countries, but it is forbidden to open a smokehouse in your own home.

Buffett and Munger’s opposition to Bitcoin is based on the theory of functional utility, but it cannot prevent the opium of Bitcoin spirit from spreading around the world. The greatest thing about Buffett as a businessman is that although he is rich, But he still deeply loves the motherland that raised him and Berkshire.

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2. Macro and technical analysis:

We judge the short-term risks and opportunities of the market in the Fed’s decision in May. The Fed’s previous management of market expectations was to raise interest rates by 50bp in May and begin to shrink its balance sheet. The subsequent market will fluctuate according to the Fed’s meeting. Our judgment tends to have opportunities in the short term and a downward trend in the medium term.

ETH: Ethereum is also falling steadily, and the space below it is decreasing. The market will continue to pay attention to the current downward channel trend, and the channel support is at the line of $2,700.

The Nasdaq index has hit a new low for the year, and the market is paying close attention to this month's Fed meeting. We emphasize that the Fed's attitude in 2022 will be hawkish as a whole, and the market trend before the fourth quarter will be poor.

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Technical indicators:

1) Ahr999: 0.84, the overall cost performance is gradually improving, and short-term gradual intervention can be considered.

4) Changes in the number of ETH addresses: Taking the number of addresses with 100 coins as the dividing point, the number of addresses below 100 increases slowly, and the number of addresses with more than 100 coins is basically stable.

Summarize:

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3. Encrypted ecological tracking

3. Encrypted ecological tracking

1）Sandbox：

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2）Otherside：

Metaverse

Standard Chartered Bank announced its entry into the metaverse, buying The Sandbox land and will be authorized to participate in the Mega City 2 land auction. Standard Chartered is also the third world-class bank to enter The Sandbox.

Otherside, a metaverse project under Yuga Labs, started land casting on May 1, Beijing time. The land of Otherside is called Otherdeed, which is similar to the virtual land NFT in The Sandbox and Decentraland. The total supply of Otherdeed is 200,000, the first round of sale is 55,000, and the price is 305 APE. The project party abandoned the previous Dutch auction process and only the wallet address that has passed KYC can purchase Otherdeed. The current floor price of Otherdeed in opensea is 7.2 ETH, and the purchase method is to use ETH or APE.

The distribution method of the second wave of 100,000 land parcels of Otherside has also been released, which will reward users who contribute to the Otherside Metaverse. At the same time, due to the performance problems of Ethereum, many users who participated in the block casting paid a high amount of gas in vain and did not get the land they should have. To this, Yuga Labs officially responded that it is necessary to transfer Otherside to the chain developed by itself in the future .

3) Serie A officially announced that the match between Milan and Fiorentina on May 1 will be broadcast live through Metaverse, which will become the first football match ever broadcast live in Metaverse. This live broadcast is built with Metaverse platform The Nemesis, blockchain The company ConsenSys also participated in this collaboration.

1、Optimism

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Scalability expansion

• Optimism, the leading Ethereum Layer 2 project, recently announced its own token economy. The initial supply of tokens is 4.294 billion OP tokens, and the total supply will be inflated at a rate of 2% per year. The first 19% of the initial OP tokens will be used in user airdrops. The first wave has been snapshotted on March 25. The airdrop criteria are early users of the mainnet, active users, Dao voters, multi-signatures, etc., Gitcoin donors, etc. .

2、CelerNetwork

At the same time, Optimism also launched a new governance system, Optimism Collective. The Optimism Collective will work with the Optimism Foundation to jointly govern the entire ecology. The Optimism Collective is made up of communities, companies and citizens, and is jointly governed by Citizens' House and Token House. According to the procedures outlined in the Optimism Collective Foundation's founding legal documents and collective operating manual, future OP citizens have the right to participate in the distribution of public funds and exercise other rights in the future. OP holders can remove a director of the Optimism Foundation and veto changes to the founding documents of the Optimism Foundation, making effective changes for decentralization.

Optimism is a Layer 2 network built on Ethereum. It uses Optimistic Rollup as the expansion technology and creates OVM, which not only retains the security of the Ethereum main network, but also greatly reduces the gas fee. The disadvantage is that it is subject to Optimistic Rollup technical problems and has 7 days withdrawal period of funds. Previously, on March 18, Optimism announced the completion of a $150 million Series B round of financing, co-led by a16z and Paradigm.

Ethereum expansion and cross-chain infrastructure CelerNetwork launched StarkEx-based Defi infrastructure layer2.finance, which aims to further reduce transaction costs for end users and provide cross-chain support. This version of layer2.finance will be upgraded through ZK Rollup, which can provide a better user experience than the old version of Optimistic Rollup.

3. GameFi blockchain games

1) Overview of investment and financing

From April 23 to April 29, a total of 37 investment and financing events occurred in the encryption market, of which 14 were in the chain game and NFT fields, accounting for nearly 40%. During the reporting period, the only financing of more than US$100 million also came from the chain games and NFT fields, that is, the football media platform OneFootball completed the US$300 million D round of financing led by Liberty City Ventures, and will enter Web3 and establish a joint venture with AnimocaBrands.

2) Ronin Sidechain Hacking Attack (5) -- The attacker continues to transfer assets, and the project party bears all losses

The Ronin Network attacker’s address (0x098B716B8Aaf21512996dC57EB0615e2383E2f96) continued to transfer 25,127.51 ETH to the new address on April 28, and the current balance of the attacker’s address is 36,125.89 ETH.

Among them, the address 0xa0e1c89Ef1a489c9C7dE96311eD5Ce5D32c20E4B holding 18,256.81 ETHs, and the address 0x3Cffd56B47B7b41c56258D9C7731ABaDc360E073 holding 10,129.935 ETHs were transferred during the reporting period. All ETH held are transferred to Tornado Cash through the intermediate address.

We predict that the three addresses currently holding the most ETH will also follow this process to transfer assets to Tornado Cash through a new intermediate address.

The project party said in an interview, “All user funds in the cross-chain bridge will be guaranteed by Sky Mavis’s recent financing, AxieInfinity and Sky Mavis’ balance sheet assets, and the core team’s personal funds.”

• 3) Agency Tracking - AnimocaBrands

• • OneFootball - the only US$100 million funding round during the reporting period

Football media platform OneFootball completed $300 million in Series D financing to promote its global expansion and move towards Web3. This round of financing was led by Liberty City Ventures, and participating investors included AnimocaBrands, DapperLabs, etc.;

• Animoca Brands and OneFootball have established a joint venture, OneFootballLabs. OneFootballLabs provides a platform for clubs, leagues and players to issue digital assets to promote the large-scale adoption of blockchain technology in football. At the same time, taking full advantage of OneFootball's MAU of more than 100 million, OneFootball will cooperate with AnimocaBrands and Dapper Labs to launch Aera, an NFT trading market for football fans built on the Flow network.

• Gamee& Manchester City – the gimmick is bigger than the substance, the game has low sense of screen and playability

GAMEE, the P2E casual mobile game subsidiary of AnimocaBrands, has reached a cooperation with Manchester City Football Club (Manchester City Football Club), and will launch the football game "Manchester City Striker" (Manchester City Striker) on the P2E game platform Arc8. GAMEE will hold matches in Manchester City Strikers, and players will be able to receive cryptocurrencies as rewards;

The content of the game is mainly set kicks (penalty kicks), and the Manchester City team logo and player names will be displayed on the screen. Manchester City has not released any cooperation information on the official Twitter.

4) Game Studio Acquisitions – Flesh out Far Universe content types

Since 2022, AnimocaBrands has successively acquired three game studios, Eden Games, Darewise Entertainment and Grease Monkey Games.

Eden and Grease Monkey focus on racing games and help strengthen the moat of RevvRacing, an event game ecosystem deployed by AnimocaBrands on the Polygon chain.

Darewise is a French start-up company founded by Ubisoft developers, the first massively multiplayer online role-playing game (MMORPG) developed by it, assets such as Avatar, weapons, vehicles, clothing and virtual land in the game will be presented in the form of NFT .

In addition, Animoca Brands founder Yat Siu said in an interview that he will continue to acquire high-quality game studios, and the game projects will focus on first-person shooters (FPS) and Japanese role-playing games (JRPGs).

5) Important project – 0x Labs

• 0x Labs, a San Francisco-based provider of decentralized trading infrastructure, completed a $70 million Series B round led by Greylock Partners, with Pantera, JumpCapital, OpenSea, CoinbaseVentures and others participating. 0x previously raised $24 million in the ZRX token sale in 2017 and $15 million in a Series A round led by PanteraCapital.

With powerful multi-chain NFT cross-chain support and lower transaction fee consumption, Coinbase NTF Marketplace uses the NFT Swap SDK developed by 0x Labs. Once the news was announced, the ZRX token soared by 40%, from 0.7 to 1.1754. Since nearly 85% of ZRX is in circulation, this rise also provides a good opportunity for large currency holders to realize cash.

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1) Dynamic summary of the public chain:

4. Platform public chain

1) Dynamic summary of the public chain:

Last week, the overall lock-up volume of the public chain (including staking) dropped from 181.2 billion US dollars to 170.6 billion US dollars, and the change ratio increased significantly. Compared with the slight fluctuations in the previous two weeks, it expanded to nearly -6%. The top five TVL rankings did not change. Judging from the Ethereum gas fee, last week’s on-chain activities did decline, and the market’s enthusiasm has withdrawn significantly.

Comparing the locked positions of various public chains horizontally, the proportion of Ethereum has risen sharply, from 52.70% last week to 54.68%, reflecting the strength of the prosperous ecology when the market retreats. The top five public chains have not changed from last week. It is worth noting that the gap between Solana and Tron is gradually narrowing due to the sharp pullback of TVL. If Solana does not provide a timely solution to its network downtime, Tron is likely to Relying on the momentum of its native stablecoin USDD to surpass it in one fell swoop.

• Last week, the JZL team has launched the first issue of stablecoin research, which will be published in the columns of major platforms this week. USDD will also be our focus in the near future. Welcome to subscribe to our weekly report and pay attention to our columns at the end of the report.

• On April 26, the cryptocurrency custodian Fireblocks added support for Terra, and its customers can now access Terra-based DeFi applications, such as the lending agreement Anchor and the liquid collateral agreement Lido. Clients have deployed close to $500 million in Terra-based protocols after the integration;

2) Summary of public chain and infrastructure investment:

On May 1, the Terra ecological fixed interest rate agreement Anchor Protocol officially launched the semi-dynamic yield rate, the current rate is 18%. The Anchor Earn interest rate is dynamically adjusted every month according to changes in the value of the income reserve, with a minimum APY of 15% and a maximum APY of 20%. Rates are updated approximately every 388,068 blocks, or monthly, which varies slightly based on block time. On March 24, Anchor Protocol's proposal to adjust the fixed rate to a semi-dynamic rate was passed.

2) Summary of public chain and infrastructure investment:

Convex, a web developer management platform, announced the completion of US$25.7 million in Series A financing, led by a16z, and NEO participated in the investment. Former GitHub CEO Nat Friedman, Alphabet board member Ram Shriram, and Creative Artists Agency founder Michael Ovitz participated in the investment. a16z general partner Martin Casado will join the Convex board. Convex expects to open the beta to more developers over the next few weeks. Convex is a global state management platform for web developers, designed to allow developers around the world to build complex, dynamic, global stateful applications without any backend engineering.

On April 26, the US neobank Cogni completed a US$23 million Series A financing, led by Hanwha Asset Management and CaplinFO, and participated by SolanaVentures, FTXVentures and Ship Capital. Founder Archie Ravishankar believes that building a simplified multi-chain wallet service within the app will appeal to Generation Z and millennial users, and will launch the wallet and savings account next year, possibly based on the Solana blockchain.

The NFT project Metakey completed a $3.5 million seed round of financing at a valuation of $50 million, led by AnimocaBrands, Digital CurrencyGroup (DCG), Sfermion, B3V, SkyVision Capital, DoublePeak, SpartanGroup, EverestVenturesGroup (EVG), KeneticCapital, HillriseGroup, MHCDigitalFinance, MaxstealthOrg, AngelHub, KharisCapital (K3), Sparkle.vc, etc. participated in the investment. The funds raised will be used to develop its large-scale interoperable metaverse game and social center NewGanymede and the season ticket reward system. In addition, Metakey will expand its team to promote Project continues to develop.

Metakey is an NFT (ERC1155) that can be used across cooperative platforms to unlock avatars, game assets, course materials, discounts, and anything else the development team and partners can imagine. MetaKey will be the permission and experience card to access each project/game/website that is cooperated.

On April 28, Venly, an NFT tool provider, announced the completion of a 23 million Series A round of financing led by Courtside Ventures, with TranscendFund, CoinbaseVentures, TiogaCapital, High-TechGründerfonds, Fortino, Plugand Play, LeadblockPartners, ImecIstart, Powerhouse and Alpaca VC Wait to vote. The financing will be used to expand the team and form new partnerships.

Founded in 2018, Venly was formerly known as ArkaneNetwork. It mainly provides solutions such as digital wallets, NFT markets, and NFT tools. Its customers include The Sandbox, Bondly, and gaming giant Ubisoft.

On April 28, the music NFT platform OurSong announced the completion of a $7.5 million seed round of financing led by Infinity Ventures and AnimocaBrands. This round of financing will be used to expand the team, establish partnerships, and carry out NFT-related knowledge training and publicity for artists.

3）NEAR    

Launched in early February this year by Grammy-winning American singer-songwriter John Legend and other artists, the OurSong mobile app allows artists to tokenize and sell their work while granting buyers access to unreleased music and private chat rooms and other privileges.

• Legend will serve as Chief Impact Officer, responsible for engaging emerging artists and their fan base. Currently has 150,000 users. The platform allows artists to upload creative content and mint it as NFT. The application has been deployed to Ethereum, BNBChain and other networks, and it is expected to be compatible with Polygon in the next few days.

• The public chain with the largest increase this week is still Aurora. As NEAR’s EVM expansion network, the dividends in the initial stage of ecological development will be amplified based on it.

• Recently, the Creator Economic Protocol DEIP recently reached a cooperation with Aurora, a NEAR-based EVM expansion network, which will bring its NFT 2.0 standard to Aurora's EVM chain and integrate with DEIP's ecological Web3 modular constructor Casimir. The partnership will advance the development of multi-chain infrastructure for tokenizing intellectual property assets and bring new standards for cross-chain transactions;

• Meson, the stablecoin cross-chain transaction protocol, already supports Aurora. Users can use Meson to trade USDT and USDC without handling fees, and the ratio between the two is always maintained at 1:1. The blockchains currently supported by Meson include Ethereum, BNBChain, Tron, Avalanche, Polygon, Fantom, Aurora and Conflux;

In the initial stage of public chain development, it will actively accept multi-party stablecoins to inject liquidity into the ecology. TUSD, a fully collateralized and real-time on-chain verified stablecoin, has just been successfully deployed to the Aurora network. This is the 11th public chain that TUSD has successfully deployed after 10 mainstream public chains such as Ethereum, TRON, Avalanche, BNB, Fantom, and Polygon;

In the later stage of the development of the public chain, it will create its own native stable currency and regain part of the minting rights. Starting from April 25th, users can use NEAR to mint USN through the core smart contract of the NEAR web wallet, or perform a two-way exchange between USN and USDT on Ref Finance’s StableSwap. USN is NEAR’s native stablecoin, soft-pegged to the U.S. dollar, backed by a reserve fund initially consisting of NEAR and USDT. Its core stability mechanism consists of on-chain arbitrage and a self-balancing reserve fund based on the principles of the Currency Board. Combining the growth potential of UST and the strong anchor of FRAX, USN will be one of the most effective ways to guide liquidity in the NEAR ecosystem. At the same time, it also raised the utility of NEAR, a Token, to a new level. We will study USN in detail in future columns, so stay tuned.

On May 2, Alex Shevchenko, CEO of Aurora, tweeted about the Rainbow Bridge attack the day before yesterday, saying that the attack was automatically blocked. The attacker lost 2.5 ETH, which was paid to the MEV bot. Aurora Labs will redesign the challenge payout mechanism, so most of the relayer pledge remains in the contract, and will also add a large amount of pledge for relayers, and similar attacks will be more costly in the future.

4) Specific public chain ecology: Cosmos——Juno

The dispute between the Juno community and the giant whale is coming to an end. Although the giant whale (Twitter: @takumiasano_jp) expressed its innocence on Twitter and the community (Proposal #18, 19) and called for its JUNO tokens not to be confiscated, it even sent hundreds of thousands worth of JUNO tokens through lottery on Twitter. USD JUNO, but Proposal #20 Unity Proposal was passed by the community on April 30th (72% agreed). According to the proposal, the Juno blockchain will undergo an upgrade, sending the JUNO "illegally" obtained by the giant whale to a separately created smart contract address, and the community will vote to determine the subsequent disposal. This upgrade will be executed at block height 2951100, which is expected to be May 4th.

Although the 2.5 million JUNO "illegally" obtained by the giant whale through multi-address staking ATOM to obtain JUNO airdrops will be confiscated, it has already obtained more than 5 million US dollars in income through JUNO staking rewards and selling. The giant whale also released on-chain data on Twitter, saying that @wolfcontract, one of the Core-1 team members, continued to sell its JUNO, causing the price to drop, not himself; but the community obviously did not buy it.

This event will become a classic case of DAO community governance. The voting rate of relevant proposals exceeds 80%, which can be considered as a pioneering democratic experiment in on-chain governance. In the early days, the community was controversial, mainly because confiscating assets in user wallets violated the original intention of the cryptocurrency world; however, as some members continued to expose the giant whale’s inconsistent behavior (including off-chain behavior), the community’s opinion on the giant whale Trust is gone.

In the original Proposal #4 proposal, the giant whale even gained the trust of the community with only verbal promises, while in the Proposal #16 proposal, 35% of the community voted against it and 20% abstained. But at present, the views of the community have changed from disagreement to unity, from the idea of ​​"dividing the local tyrants and dividing the land" to "justice execution", and chose to punish them through "web3 democracy".

Since the incident, the price of JUNO has dropped from $40 to around $13, and community members have complained a lot (but the number of pledges has remained at about 31M, with little change). The original wish of Proposal #16 was to prevent the sale of the giant whale and avoid price fluctuations, but the current results clearly violated the original intention of the community. The way of fully decentralized governance seems to fail to find a solution with the least loss for the community, but instead harms the interests of all.

5) Specific public chain ecology: Cosmos——Evmos

Evmos, the first EVM-compatible IBC-connected blockchain in the Cosmos ecosystem, was re-launched on April 28, and airdrops are available. At present, there are 48 various applications on Evmos, including DeFi, NFT, wallets, etc. Previously, Evmos was launched for the first time on March 3, but soon after, it was announced that the network failure stopped producing blocks, and the team temporarily shut down the network.

Other major blockchains in the Cosmos ecosystem have released relevant proposals in the community to support the development of Evmos, mainly including: replying to the channel (CosmosHub) of Evmos in IBC, replacing the client and restarting IBC (Osmosis), UST cross-chain and Liquidity Incentives (Terra), etc. It is expected that the Cosmos ecology will introduce more Ethereum assets. Currently, the largest DEX Osmosis community in the ecology has adopted a plan to adopt a cross-chain bridge service provider.

1）MoonDAO

The native token EVMOS has been listed on several DEXs. When it was launched, the price was about 3.8 US dollars, and the highest rose to nearly 7 US dollars.

5. DAO Decentralized Autonomous Organization

On April 26, the commercial spaceflight company Blue Origin announced that MoonDAO had been acquired. Seats in blue for the next launch of the New Shepard manned space rocket, expected to launch in July 2022. Founded by Amazon founder Jeff Bezos in 2000 to improve the safety of space travel and reduce its cost. The first manned space flight of the New Shepard was launched on July 20, 2021. Among the four passengers were Jeff Bezos himself and his brother Mark Bezos.

MoonDAO is a non-profit organization dedicated to finding space research and a multi-Odaily living environment for human beings. It aims to decentralize space travel through the form of DAO, help ordinary people realize their space dreams, and invest in cheap space travel institutions. .

2）SeeDAO

The organization was established in November 2021 by former Google programmers and researchers at the Department of Engineering Sciences at Oxford University. The token MOONEY will be issued in January 2022, raising a total of about 2,500 ETH (about 8 million US dollars). The funds will be used to cooperate with certain rocket and space research institutions to accelerate the development of research rockets and related research. According to the official plan, it will issue NFT as tickets for space travel in 2022, allowing some members to experience space travel.

DAO incubator SeeDAO announced the completion of Series A financing at a valuation of US$30 million. Investors include HashKeyCapital, HashGlobal, Nervos, TessVenture, MaskNetwork, ChainIDE, and Huofeng Capital. The organization was established in November 2021, and its goal is to help all adventurers who want to start a business in Web3, and help Web2 workers become Web3 creators. The organization currently has 6,700+ members and 10 unions including developers, metaverse construction, investment research, translation, etc. Its incubation projects include META SHANGHAI (art), DeSchool (work and study), Web3 University (education), etc.

SeeDAO was initiated by CryptoC, a Web3.0 content production community. One of the main initiators, Tang Han, once worked for Wall Street News, 36 Krypton and other media. The other initiator, Bai Yu, once worked for Huobi Research Institute and Bitmain.

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about Us

about Us

JZL Capital is a professional organization registered overseas, focusing on blockchain ecological research and investment. The founder has rich experience in the industry. He has served as the CEO and executive director of many overseas listed companies, and has led and participated in eToro's global investment.

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