Crypto Daily Digest - December 10th

TI Research

AlphaX mainnet launched on Ethereum. Celo dashboard went live on Nansen. GearboxDAO was first launched. LeserveDAO | Rainmaker | Artemis | Dapper Labs

IDO

Phantasia IDO

Phantasia is a Fantasy Sports platform that leverages blockchain technology. The application allows users to play their fantasy sports games while earning rewards to acquire in-game collectibles & participate in governance.

  • Token: $FANT
  • Sale Start: Dec 12, 2021–4:00 PM (UTC)
  • Price Per Token: $0.075
  • Solanium: 2,666,666 $FANT Source

MeanFi IDO

MeanFi is a self-custody, permissionless & trustless web3 banking application powered by the Mean Protocol, and facilitates banking and retail investment banking workflows for people and businesses around the world. It is deployed on Solana. The MEAN IDO will go live on Dec. 15th on its own website. And it will auction up to 10 million MEAN tokens (4.76% of our total supply). It claims that they will apply an innovative IDO which is a mix of a Mango-style IDO, Fair Auction, and Launchpad. Source

DeFi

AlphaX Launched on Ethereum Mainnet

AlphaX is the derivative protocol of ALpha Finance Lab which is already deployed on Avalanche. And it announced to launch on Ethereum mainnet today. Source

Celo Dashboards Available on Nansen

Nansen, an on-chain data analytics platform, tweeted that the Celo dashboards is now live on the Nansen. Celo is a Layer-1 public chain infrastructure invested by a16z in 2017. Source

Polygon Acquires Mir Protocol for $400 Million

Polygon has made another acquisition in the ZK-rollups space, buying Mir Protocol for $400 million. Mir is an Ethereum scaling solution that utilizes zero-knowledge proof (ZK-proof) technology. The deal follows Polygon's acquiring of Hermez Network for $250 million in August. The deal involves 190 million MATIC tokens and $100 million worth of USDC. Source

Gearbox DAO First Launch

Generalized leverage protocol launched a DAO, and revealed roadmap of nearly future. Gearbox Protocol allows anyone to get leverage in a decentralized way and use it across various other protocols in a composable way: margin trading, leverage farming. Source

Blockchainspace x Sandbox

Blockchainspace partners with Sandbox to connect guilds to The Sandbox Metaverse. BlockchainSpace, through their Sandbox Academy, will facilitate and connect their 2,600 guilds and 680,000 players into the virtual world of The Sandbox. BlockchainSpace’s Academies have the ability to build platforms native to NFT Games like The Sandbox to promote user growth and traction that can be accelerated and amplified by BlockchainSpace’s guild infrastructure. Dashboards track interactions of users in the game and BlockchainSpace’s guild network connects these users to high-performance guilds across 4 continents of the world. Source

LeserveDAO, Terra's Reserve Currency Protocol

LeserveDAO is the first decentralised, treasury-backed reserve currency protocol of the Terra ecosystem. Leserve solves the problem of flock of liquidity when token's price dropped by owning its own liquidity, which will be achieved with the help of bonds and other tools. Bonds will allow the protocol to offer LSRV tokens to bondholders at a discount price redeemable at specified maturity date. Source

Funding

Paradigm Closed $35 Million Series A Funding Round

Paradigm, a cryptocurrency derivatives trading firm, closed a $35 million Series A round led by Alameda Ventures and Jump Capital, with participation from Genesis Trading, GSR Markets and others. The funding round reportedly brings its valuation to $400 million. Paradigm provides a platform for traders and market makers to execute block trades in options and futures. It previously closed a seed funding round with participation from Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and others. Source

Rainmaker Games Closed $6.5 Million Seed Funding Round

Chain game startup Rainmaker Games has closed a $6.5 million seed funding round with participation from Alameda Research, Animoca Brands, Polygon Studios and others. The funds raised will reportedly be used to build a P2E gaming platform. Rainmaker Games aims to connect potential players with NFT-owning guilds and lending services, introduce players to new blockchain-based games, and provide tools to recruit and manage players. Rainmaker will launch its RAIN Token later this month and plans to launch a Beta version of its platform in the first quarter of 2022, and also plans to create a content production studio. Source

NFT Trading Platform Artemis Closed $2 Million Private Placement

NFT trading platform Artemis has closed a $2 million private funding round led by Alameda Research, Blue Pool Capital, Animoca Brands, Mirana Ventures and Moonvault Partners. The funds will be used to continue development of the Solana-based decentralized social NFT platform and to shelve exclusive NFT content. Source

Dapper Labs Raising $13.5M in Equity Offering

Dapper Labs, the creator of the digital basketball collectible platform NBA Top Shot, is raising $13.5 million in an equity offering and is almost halfway toward meeting that goal, according to a new regulatory filing. The company has raised $6.5 million to date from one investor. Dapper started accepting investments on Nov. 22. Source

Readings

What is the social value of DeFi? By investment Analyst from DeFiance Capital: Source

DeFi

DAO

TI Research

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