Crypto Daily Digest - March 25th

TI Research

Axie Infinity stated that leaving treasury funds in the hands of the community at this time could be detrimental to the project, so it issued a governance decentralization path: In the first phase, the Sky Mavis team managed product development and made key product decisions based on community feedback and input. When the project's operational data meets the metrics, it enters the second phase. In the second phase, Sky Mavis will decide on certain key decisions through community governance, manage the eco-fund in part through the community, and make proposals related to the use of the community treasury. In the final phase, Axie Infinity will complete the deployment of the eco-fund, open the community treasury proposal to the community and potentially draft an Axie constitution.

DeFi

  • Soccer superstar David Beckham is the global brand ambassador for blockchain DigitalBits. Source
  • Two MEV bots profit 157 $ETH from stablecoin arbitrage trades. Source
  • Lido destroys 3.7 million $LIDO from DeFiance Capital founder's stolen wallet and recasts it into a new one. Source
  • Synthetix merges L1 and L2 debt pools to enhance liquidity and stake efficiency. Source
  • Optimism has invoked data compression on its mainline, which will reduce transfer fees by 40%. Source
  • Japanese exchange Liquid will change its name to FTX Japan in April. Source
  • SQUOL, the multiplier perpetual contract on Solana, is now open for trading on 01 Exchange. Source
  • Senators Lummis and Gillibrand are working together on a regulatory framework for crypto. Source
  • Cosmos EVM compatible hub Evmos mainnet may launch in 1 to 2 weeks. Source
  • Multichain announces joining the Kava Pioneer Program. Source
  • Kenya's central bank governor reiterates his opposition to crypto trading. Source
  • Polkadot smart contract platform Edgeware announces 2022 roadmap with the launch of robust support for EVM. Source
  • Former party organizer was accused of laundering $2.7m in Bitcoin and cash. Source
  • a16z co-founder may leave Meta board over Web3 investment conflict. Source
  • Maison Ghost Discord was hacked and about 265 NFTs were transferred to the hacker's wallet. Source
  • DeFi protocol dForce announces the launch of its staking feature and offers both Free Staking and Lock-up Staking. Source
  • Binance CEO Changpeng Zhao was invited to meet the President of El Salvador Nayib Bukele in Latin America to talk about cryptocurrency regulation and more. Source
  • EU's MiCA bill moves forward without Bitcoin limiting provision. Source
  • CoinDesk will hold the 2022 Consensus Conference in Austin, Texas, USA from June 9-12. Source

NFT

  • Axie Infinity plans to move towards community governance as well as decentralization through three phases. Source
  • Two masterminds of the NFT Project Frosties scam are charged in court. Source
  • Illuvium goes live with Staking v2, allowing community members to stake tokens and receive rewards. Source
  • Australian crypto exchange CoinSpot will launch an NFT marketplace this week. Source
  • Grammy-winning DJ Diplo will release a solo single on the tokenized royalty platform Royal. Source
  • Sotheby’s expands NFT arm with Liverpool FC partnership. Source
  • American singer Madonna changed her Twitter avatar to a modified BAYC #4988. Source
  • Queen launched out-of-print commemorative music NFT via Melos Studio. Source
  • CoinSpot will launch NFT marketplace within exchange’s own platform. Source
  • Move to Earn application STEPN plans to donate a portion of its Treasury profit pool to purchase Carbon Removal Credit on the blockchain. Source
  • NFT Trading Marketplace X2Y2 will burn 16 million tokens on March 26th and will burn tokens each month. Source
  • NFT platform Universe launched Marketplace beta. Source

Fundings

  • ShapeShift DAO's minted FOX Success Tokens receives strategic investment from Coinbase Ventures and Chapter One. Source
  • Hedera-based digital privacy and identity app Meeco backed by HBAR Foundation's $100m sustainability fund. Source
  • Cricket NFT platform FanCraze closes $100m Series A round with participation from Sequoia Capital India and others. Source
  • Binance Labs raises additional $5m equity investment in VR metaverse project Ultiverse. Source
  • Phi Labs secures $21m seed, led by CoinFund and Hashed. Source
  • Bitcoin miner Greenidge Generation closed over $100m in new funding. Source
  • Gaming company Red Door Digital closed $5m seed round with participation from Shima Capital and others. Source

Axie Infinity

Game

Governance

TI Research

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