1. Summary of Industry Dynamics

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1. Summary of Industry Dynamics

In contrast to U.S. stocks, last week the Federal Reserve’s first interest rate meeting in 2023 ended, in line with market expectations. The interest rate was raised by 0.25%, and the interest rate reached between 4.5% and 4.75%. The meeting statement pointed out that employment growth has been strong in recent months, the unemployment rate has remained low, and inflation has moderated but remains high. The Federal Open Committee insists that the 2% inflation target remains unchanged, will continue to raise interest rates and continue to reduce holdings of U.S. treasury bonds and assets Mortgage securities, interest rate hikes and balance sheet reduction will continue. Powell then delivered a speech at 14:30 ET. In today’s speech, Powell repeatedly mentioned price stability, insisted on reducing inflation below 2%, and mentioned that large and rapid interest rate hikes will be transformed into small interest rate hikes. Can give the Committee more time to analyze the effect of raising interest rates, this sentence can be understood as dovish. The market began to skyrocket after Powell's speech, which directly consolidated the rebound of US stocks and the technical form of bottoming. The S&P quickly stepped up and stood firmly on the annual line, and the Nasdaq also touched the pressure of the annual line and has a certain probability of breaking through. On Friday, the big non-farm payrolls were released, and the number of non-farm payrolls soared by 517,000, far exceeding the expectation of 185,000. At the same time, the unemployment rate hit a 53-year low to 3.4%. However, the hot labor market did not cause a big blow to the market , On the contrary, the Nasdaq still closed with a positive line after repeated many times in the day, representing the resilience of the market rebound. Of course, it cannot be ruled out that the increase in service inflation brought about by rising wages will cause the market to worry about repeated inflation. We can wait until the inflation data in February to find out.

industry data

1) Public Chain & TVL

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• industry data

• As of February 5th, the overall lock-up volume of public chains denominated in US dollars continued to rebound, but the increase has slowed down, rising to 49 B from about 48 B last week, an increase of about 2.08%.

2) Stablecoins

• The TVL of all public chains generally rose, with Arbitrum, OP, and Fantom leading the increase.

• The Fantom chain has been positive recently, and the FTM price continued to rise by about 18% this week, mainly due to the impact of Andre Cronje’s post, saying that the stablecoin fUSD v2 will be launched and the v1 version will be migrated. fUSD is an over-collateralized stablecoin launched by Fantom, which is generated by staking FTM. However, in 2022, due to the excessive drop in the price of FTM, bad debts due to under-collateralization occurred, and the price of fUSD dropped to a minimum of 0.22 US dollars, and has now recovered to around 0.86.

• 2) Stablecoins

• As of February 4, 2023, the total supply of the top four stablecoins (USDT, USDC, BUSD, DAI) was about 132.07 billion, little changed from last week, with a slight decrease of about 170 million (-0.13%). The supply of stablecoins volume continued to stabilize.

On the whole, the gains of USDT and BUSD basically offset the decrease of USDC. The exit of US investors may be more due to macro uncertainties, including the "super central bank week" and the unexpected non-agricultural employment data.

• The BTC miner address balance indicates the total BTC holding balance marked as the miner address on the chain, including Foundry USA, F 2 Pool, AntPool, Poolin, Binance and other addresses.

• This data is usually used to judge miners' interest in the current BTC price. When the miner's balance increases, it usually indicates that the chips are in a state of accumulation; when the miner's balance decreases, it indicates that the miners are selling or mortgage their BTC.

• This data is usually used to judge miners' interest in the current BTC price. When the miner's balance increases, it usually indicates that the chips are in a state of accumulation; when the miner's balance decreases, it indicates that the miners are selling or mortgage their BTC.

2. Macro and technical analysis

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Two-year U.S. Treasuries traded sideways.

2. Macro and technical analysis

The market is still in the sideways stage, and there may be a short-term callback demand. It is recommended to configure BTC and ETH

Two-year U.S. Treasuries traded sideways.

Nasdaq broke through the annual line, and the short-term callback demand is obvious

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3. Summary of investment and financing

Investment and financing review

• 3. Summary of investment and financinghttps://www.rootdata.com/Fundraising）

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• Investment and financing review

• In the fifth week of 2023, there were 29 investment and financing events disclosed in the encrypted VC market, with a cumulative financing amount of more than 140 million US dollars; (

• Institutional dynamics

Institutional dynamics

4. Encrypted ecological tracking

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4. Encrypted ecological tracking

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NFTs & Metaverse

(1) NFT market this week

Total market value of NFT: The total market value of NFT has not changed much this week, down 1.08%. After the total transaction volume fell last week, it also continued to decline this week (-8.76%). It has fallen by more than 15% for two consecutive weeks. The overall data within 30 days is not very optimistic. However, looking at the market performance from November to early February, we can see that there is still an upward trend in general, and we can also expect a rebound in the total market value of nft in the first quarter.

This week's Metaverse project overview:

The top three NFTs in the NFT market trading volume this week are Otherdeed, MAYC and Doodles. The floor price of BAYC has dropped in the last week and is currently around 72 ETH. The transaction volume of the Sewer Pass mentioned last week has reached a new high, exceeding 30,000 eth, and the floor price is about 2.3 eth.

(2) NFT & metaverse dynamic focus this week:

This week's Metaverse project overview:

Compared with the NFT market, the 10 leading blue-chip projects in the Metaverse sector performed well this week. The total trading volume still showed an upward trend, with an increase of 3.23% within 7 days. NFT Worlds also continued to occupy the second largest trading volume. , surpassed decentraland and the sandbox. In terms of total market capitalization, the top three metaverse projects are still Otherside, Decentraland and the Sandbox. The floor price of land prices has not changed much, remaining in the range of 0.9 – 1.69 ETH.

(2) NFT & metaverse dynamic focus this week:

NFTScan and MAY

The NFT data infrastructure service provider NFTScan has reached a strategic partnership with the interactive social metaverse platform MAY, and the two parties have begun to carry out in-depth cooperation at the multi-chain NFT data level. NFTScan's NFT API provides professional NFT data services for the MAY metaverse space.

Through the MAY metaverse infrastructure, developers or users can generate their own metaverse space on MAY in just 30 seconds, display multi-chain NFT assets, bind DID identities, and share them as 3D social business cards. Through the mobile phone or desktop application, real-time capture of movements and expressions, and multi-person interaction with other users.

Introduction

MAY, which means "Meet Another You", is an interactive metaverse social platform. Based on the leading multi-terminal motion capture and AI technology, users can gather and communicate in a personalized 3D virtual space, and experience an unprecedented virtual-real social experience with the "real self" with real-time expressions, movements and synchronized voice. MAY is committed to building the next generation of social networks - strong interaction, high immersion, and personal self-sovereignty. In just 30 seconds, users can have their own metaverse space, and can also provide serverless metaverse construction services for partners. Build an open and interconnected multiverse.

About NFTScan

NFTScan is the largest NFT data infrastructure service provider in Asia, and currently supports Ethereum, BNBChain, Polygon, and other blockchain networks. As of December 2022, NFTScan is providing professional NFT API data services for 100+ financial technology companies.

(3) Key project: Cool Cats announced three new strategies of brand, strategy and product experience

new brand identity

In the past year, the floor price of CoolCats has dropped from a high of close to 13 ETH to a range of 2 ETH, and the transaction volume has also declined significantly. Last week, CoolCats left some cryptic clues on social media, first its official Twitter account was suspended for five days, and then it revealed its "new brand identity" on January 31: a "blue cat with a red background." According to".

new strategic direction

CoolCats' brand strategy is twofold. The first is to expand audiences with story content and major brand partnerships. The second is to attract users by providing game products and experiences that are fully immersed in Cooltopia (Cooltopia is a web-side game developed for the Cool Cats sub-NFT series Pets NFT, which allows Cool Pets NFT holders to complete tasks and collect loot with Pets interact and help pets upgrade. According to the current setting, holders of Cool Pets will be able to earn the general Token MILK in the game by completing game tasks).

In addition, CoolCats also announced a number of partnerships, such as: Cool Cats has cooperated with Ledger to launch a brand education program LedgerQuest in early February; Cool Cats announced a partnership with Hologram, allowing NFT holders to pass holographic technology and 3D avatars Go experience CoolCatNFT; in addition, CoolCats has also reached a cooperation with the well-known department store brand Macy's (Macy's) and launched NFT special balloons.

This model brings new interactive and story-based engagement models for current and future NFT holders, which in turn can further expand the broader CoolCats ecosystem.

new product experience

In addition, CoolCats has launched some new products and experiences, mainly including:

d. Explorers: In the second half of 2023, Cool Cats will release a new NFT, which will help more people join the Web3 field. In addition, Explorer NFT will provide a new way to represent users' digital identities, and will also support cross-chain and cross-platform operations.

2. GameFi blockchain games

(1) Overall review

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2. GameFi blockchain games

(1) Overall review

Overall, the Gamefi industry as a whole has seen a correction. From the perspective of token prices, 6 of the top 10 chain games by market capitalization saw their token prices drop. Illuvium led the rise this week, rising 33.85% in the past week (illuvium announced a full-platform update, supporting Mac, PC and Android)

Judging by the amount of contract interactions on the chain, the interaction activity of the top ten active chain games in the past week was basically the same. It is worth noting that Oath of Peak broke the "top ten list that has not changed for a thousand years" and entered the top ten for the first time. In the past week, its on-chain interaction volume has tripled. (New games, 3A chain games, you can pay attention to the performance of tokens and NFT)

2. Key project: Degen zoo

Founders: DAOMaker founder Chris Zaknun and former MakerDAO development engineer

how to playAnimal egg NFT: There are 5,800, which are used to hatch and become animal NFT. There are 100 animal types in the game. The number of NFTs that can be casted for each animal is fixed. If all NFTs of a certain animal have been cast, they will follow Reproduce or die becomes more scarce. Each animal has 4 characteristics (diet, size, gender, rarity), different diet and size characteristics will determine the amount of DZOO Token income that the animal can generate; Regarding the gender of the game, only animals of the opposite sex can mate and reproduce For offspring, two male animals cannot conceive offspring, and the same is true for two female animals; the animal species is endangered, and the higher the NFT rarity, Degen Zoo divides the rarity into non-dangerous, vulnerable, near-dangerous, endangered, and critically endangered.

The total supply of DZOO Token is 100 million pieces, the initial market value is uncertain, and the official estimate is around 300,000 US dollars. Token is mainly used in the game to obtain animal eggs and hatch eggs.

how to play

: Obtain animal eggs - hatch animal eggs - animal evolution - kill animals to get income

(1) Obtaining animal eggs: Players can obtain animal eggs by providing liquidity, staking DZOO Token, and whitelist casting.

(2) Hatching animal eggs: Players need to consume 100,000 DZOO Tokens to hatch pet eggs into animals. The types of animals hatched are completely random, and each animal is locked with DZOO Token ranging from 25,000 to 500,000.

(3) Animal evolution: Players can feed their own animals with other species to promote the latter to evolve. The number of DZOO Token locked in a high-level animal is always greater than the sum of two low-level animals. Each animal can evolve twice, and feeding the animal twice with the same species can upgrade the animal to three levels. Evolution can increase the number of benefit tokens for animals and change their appearance.

(4) Gain benefits by killing animals: Each animal has an independent life expectancy, ranging from 10 to 250 days. Players can kill animals to realize cash, that is, destroy the animal NFT to get the DZOO Token locked in its body . However, if the player kills the NFT in advance, the locked Token will be burned. The shorter the animal's lifespan, the more Token will be released when burning. There is a fine for killing underage animals, 1% per day if the animal lives 100 days. For example, if a player kills an animal on the 22nd day, the player will be punished by locking 78% of the unexpired Token. If the NFT is destroyed on the day of casting, the player will lose 40% of the Token, and the remaining 60% will belong to the player.

Feeding: Encouraging EvolutionTwo female (male and female) animal NFT mating: (will die) to produce a new child animal NFT

Every time you feed or mate, the total amount of NFT decreases. In theory, NFT deflation can be realized. In the later stages of the game, the NFT in the game will become more and more scarce.

Participation suggestion:

The game is still within the scope of the ponzi mode. Due to the low cost, the first players can kill animals earlier and have a greater chance of profit; if the game's popularity declines significantly later, players who enter the game in the middle and late stages tend to be high-ranking To take orders, if you see a bad trend in the price of Token, you will kill the animal in advance to stop the loss. In addition, according to the founder’s tweet, the APR of different animal NFTs is different, and some are even negative.

Progress tracking:

January 7th: First tweet, announcing the formation of the team; release of the first white paper:https://www.degenzoo.co/）

January 8th: First community vote on zoo style, over 300 voteshttp://degenzoo.co、Mainstream coverage call、Send info to AI expert

January 10: TG: + 130 & 4 mods, good community spirit; Twitter: + 3, 833; SC: Architecture is done Whitepaper finalized. Brand items finished.

January 11: TG: 1000+; TW: 6000; Website: 80% done (

January 12: China Marketing, KOL meeting, UX/UI sync call, CEX Call, TG Marketing Group, Onboard Twitter Manager, Daily CM training, Sync with Tech on SCs, Fix WP typos, Infographics for economics, Update SEO on

January 13: 4,500 community members on Telegram, contacted about 50 NFT projects, finished staking, UI 65% done, Already $ 20 M in assets connected

January 14: TG: 2800+, 670 online, TW: 600+, avg views 1200+, Assets connted to vote: $ 19 M, UI is 90% finished

January 15: 7,000 Twitter Followers, 10,000 Telegram Members

January 16: Smart contract architecture, Working on “The Price of Extinction” Collection, Logo for Degen Zoo

January 18th: upgrade tg bot with referrals, 500 social miners, work on ar, create concepts for 2nd collection, establishing charity network, twitter marketing, evolution yield simulation model, start frontend dev work

January 19: Evolution algorithm and improved the yield model, NFT Marketing in progress, Twitter: 3.5 k+, Upgraded referral links.$DZOO、 100 k to hatch、Get a rare animal with 1.5 x Killing on day 1 will give: 150 k * 0.6 = 90 k and burn 60 k DZOO

January 21: 80% done building the game simulation in excel

January 23: 10k followers on Telegram & Twitter, Robust game theory, Revolutionary staking model, UI/UX on mobile & desktop

January 24: Game theory update, Killing animals on day one will return 60% — 40% and burn 40% of the player's

January 25: Simulations, Math, UI/UX, Frontend, Smart contracts

January 27: finished the Egg Halvining formulas: eggs will gradually be released in the market, First fast then slows down. If all eggs are hatched then 60% of the total supply would be burned

SC: Testing 70% done

FE: Bug fixing 85% done Art: In progress, have few helpers now. Looking really good.

TW: FINALLY out of search ban. TG: Been slow, need to do something about the bots.

Marketing: On hold until audits are done. Biz Dev: TBA；The frontend is 85% done

January 31: Confirmed issues such as on-chain and Gas

February 1: Making good progress on the whole system

February 3: Logan files defamation lawsuit, Coffee shares suit docs, Community will do massive fundraise, Enough funds for class action of all affected $zoo holders was collected

3. Web3 Social & DID & DAO

Damus&Nostr

Damus：

• Feb 4th: Minor bugs on the front end and some features not yet finished, had issues with some Egg staking contracts, CTO was working late into the night trying to get it done.

• February 6: Live

Nostr

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• Last week, a social networking app called Damus was launched on the AppStore; it rushed to the tenth place in the download list of the AppStore social media category in one day.

• Many users mistakenly think that Damus is a decentralized version of Twitter, but in essence, Damus is just an iOS platform client based on the Nostr protocol. In other words, Damus and other Nostr clients are just the entrance of this social network, and the social network itself built by the Nostr protocol is the one that can replace a series of traditional social media platforms such as Twitter and Facebook.

• what is it

The full name of Nostr is: Nostr stands for "Notes and Other Stuff Transmitted by Relays, which can be understood as: transmitting notes and other things through relay devices".

• Think of Nostr as a social network, built like Twitter, where you can create posts or "notes" (like Twitter), you can like posts, you can like, reciprocate and share with other users and friends. Cancel. Posts can also be forwarded.

• Nostr is a protocol, a set of rules that servers and clients use to communicate, Nostr is not an application, nor is it a "platform" like Twitter, however, there are many applications that can be built on top of Nostr.

• principle?

• Nostr has two main components: client/App and relay (relay), similar to a simple server. Anyone can run a repeater

• To post something on Nostr, write a post, sign it with your key, and send it to multiple relays.

Summarize

• Here we have two keys: public and private. Think of the public key as your username or bank account, and your private key as your password.

• To find another Nostr user, you need to search for their public key, just like you would search for a username.

• Summarize

FixDAO

• The project will not issue coins, but the effect of breaking the circle is obvious, and it has become a carnival for Bitcoin fundamentalists

• A more sustainable focus on the ecological future of Bitcoin's Lightning Network, not just on Ethereum

• Supervision is a double-edged sword. Decentralization leaves the constraints of supervision, and at the same time it is easy to lose official traffic support (it is directly removed from the shelves in China); anonymity is the cradle of negative information, and it is still difficult to go mainstream

Introduction: FixDAO, a legal assistance project for FTX Asian victims organized by the Mask Network team, has officially opened membership registration for all FTX creditors.

Results:

5. Team news

FixDAO has signed professional lawyers from the United States, Singapore, Hong Kong and Taiwan to help FTX Asian creditors defend their rights.

5. Team news

about Us

JZL Garden Semi-Monthly Talk (Phase 3) Topic: SandBox, Upstairs Talking about Metaverse Time: 21:30, February 4th, Beijing time In this issue of JZL Garden, @erichwong, Head of Asian Growth at Sandbox, Cofounder&CEO of Upstairs @rexteo_upstairs and Khmer Maidens were invited to JZL Garden Project founder @Lavie_Roooooy discusses metaverse topics together.