Crypto Daily Digest - March 17th

TI Research

Yuga Labs, the parent company of BAYC, has officially launched the token ApeCoin ($APE). The total volume of $APE is 1 billion, owned and operated by ApeCoin DAO, of which 15% has been airdropped to BYAC NFT holders. $APE has been listed on Coinbase, Binance, FTX and other centralized exchanges.

DeFi

  • Coinbase announces the launch of Coinbase Pay. Source
  • Ripple to launch grant program of up to $1 billion in $XRP. Source
  • Astar Network TVL has surpassed $800M. Source
  • Binance App launches its first DeFi project PancakeSwap as well as the DeFi Wallet applet. Source
  • Synapse Protocol will soon integrate Terra to bridge $UST to other EVM chains. Source
  • Anchor Protocol is now live on Avalanche. Source
  • Multichain announces the creation of a security fund. Source
  • Cosmos Test Network to implement Theta upgrade. Source
  • Ripple and Individual Defendants Request Delay in Responding to SEC's Letter Response. Source
  • Ethereum metaverse hackathon BuildQuest has closed with a total of 10 winning projects. Source
  • Aussie fintech to offer mainstream direct access to DeFi with a fixed rate. Source
  • 'We're already buying:' Terra founder plans to obtain $10B BTC for reserves Source
  • Fantom protocol will upgrade soon. Source
  • Polygon Heimdall will urgently upgrade and involve a hard fork, and nodes will need to upgrade by March 18. Source
  • $Elona liquidity pool on PancakeSwap was de-liquidated by the deployer and the $BNB gained was transferred to Tornado.Cash. Source
  • Cryptocurrency is considering buying Brazilian banks and payment processors. Source

NFT

  • ApeCoin ($APE), a token associated with the BAYC ecosystem, is officially launched. Source
  • Animoca Brands' handheld game Benji Bananas will transition to a P2E model where players earn tokens that can be redeemed for $APE. Source
  • Animoca Brands will introduce $APE in a secret project developed in partnership with BAYC. Source
  • RSS3's first Genesis avatars are now open for minting. Source
  • NFT Trading Marketplace X2Y2 launched a free shopping cart plugin for OpenSea. Source
  • Polygon becomes NFT marketplace Rarible’s fourth supported blockchain. Source

Funding

  • Galaxy Interactive, Republic Crypto and Alameda Research join together to form the Web3 video game investment consortium NG+. Source
  • Blockchain game studio Third Time closed a $3.5m seed round with Coinbase Ventures and others. Source
  • Crypto venture capital firm Spartan Group launches $100m Web3 fund. Source
  • Wombat Exchange closes $5.25m Series A round led by Animoca Brands and others. Source
  • Gaming startup Lava Labs closes $10m Series A round with Dragonfly Capital and others. Source
  • NFT rental protocol Double Protocol closed $1.5m seed round with Shima Capital and others. Source

Reading

  • The $APE airdrop could be worth $100k? A quick calculation Source

BAYC

NFT

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.