Crypto Daily Digest - November 23rd

TI Research

Tokemak announced that the Sushi ($SUSHI) Token Reactor is live for deposits. Perpetual will form a Token Listing DAO. Addidas has partnership with SANDBOX. Royal | Polemos | MoonPay | Syn City

IDO

Peoplez Public Sale

The sale of Peoplez will occur on DAOStarter. All investors can participate in the sale, and there is no whitelist limit.

  • Token: $LEZ
  • Sales date: 8:00 am 25th of November 2021 UTC
  • Sales amount: USD$60,000
  • IDO Price: $0.5

Peoplez creates personal tokens of artists and gives unique opportunities to the users of the platform, like buying their NFT’s, exclusive items, and unique interaction possibilities. The platform also allows users to invest in idols on the world’s music, arts, and sports scenes. Peoplez aims to close the gap between fans and idols. Source

DeFi Land on Raydium

Agriculture simulation web game DeFi Land will launch its IDO on Raydium AcceleRaytor today.

  • Token: $DFL
  • Sales time: Nov 23, 15:00 UTC
  • Total raise: 350,000 USDC
  • Token price: 0.005 USDC each Source

DeFi

Tokemak SUSHI Reactor is Live

Tokemak announced that the Sushi ($SUSHI) Token Reactor is now (finally) live for deposits. If you deposit 10 SUSHI, you will receive 10 tSUSHI tokens. Source

Perpetual Protocol Will Form Token Listing DAO

Perpetual Protocol, a decentralized perpetual contract trading platform, plans to form a listing committee "Token Listing DAO". The committee will consist of six members, voted by Perpetual DAO. Committee members will receive 40 $PERP per month as compensation. Among these six people, one member will serve as the leader who will be responsible for chairing the committee and providing overall management. As an exchange, he will get an extra reward of 70 $PERP per month. Proposals related to listing require a two-thirds majority in the committee to pass, and cancellation of some committee membership requires a two-thirds majority. The first election nomination will start from Nov 22 to Dec 2, and the first election will be held from Dec 3 to Dec 6. After that, the listing committee will be re-elected every three months. Source

NFT/GameFi

Adidas x Sandbox

Adidas has partnered with SANDBOX, a metaverse sandbox game, and has purchased a 12x12 plot in SANDBOX at location (-84,96). Source

Axie Infinity Renew Whitepaper

Famous Ethereum P2E Game Axie Infinity announced updating its WhitePaper. Source

Fundings

NFT Music Platform Royal Closed $55 Million Series A Funding Round Led by a16z

NFT music platform Royal has closed a $55 million Series A round led by a16z with participation from Coinbase Ventures, Paradigm and others. Royal democratizes music ownership by allowing users to purchase digital assets that represent their favorite songs and share royalties. The platform currently has over 120,000 registrants. This follows Royal's $16 million seed round of funding announced in August, led by Paradigm and Founders Fund. Source

Polemos, P2E RPG Gaming Guild Raised $2m Boosting Illuvium in the Near Future

Polemos, a play-to-earn (P2E) gaming guild specialized in nonfungible token (NFT) games, has raised $2 million in a strategic funding round to focus on its open-world role-playing game (RPG). On Friday, Polemos announced the funding round, which was led by investment firm Delphi Digital and Framework Ventures. Other participants in the round included decentralized finance founders from SushiSwap, Aave, 1inch Exchange and a number of others. Aiming to create a multi-layered network of players before Illuvium is launched, Polemos has partnered with online gambling operator Asian Logic. Its users will become the primary guild group, and others will be sourced from its Discord community. Source

MoonPay Closed $555 Million Series A Financing Valued at $3.4 Billion

cryptocurrency payments provider MoonPay has closed a $555 million Series A round of funding led by Tiger Fund and Coatue, with participation from Blossom Capital and Paradigm, among others. The round is the largest Series A funding round in the history of cryptocurrencies, valuing MoonPay at $3.4 billion upon completion. MoonPay provides the world with a simple entry point into the cryptocurrency market, with the goal of making cryptocurrency accessible to one billion people worldwide by 2030. Source

Syn City Announced an $8m Funding Round

“Syn City,” a play-to-earn mafia game founded by Tron Foundation’s former head of business, Roy Liu, announced an $8 million funding round. The round was led by Twitch co-founder Justin Kan and Goat Capital, with additional backing from A&T Capital, Hack VC, Animoca Brands and Spartan Group. Angel investors including Terra’s Do Kwon and CoinList’s Paul Menchov also participated in the funding round. The game’s governance system, called “Mafia-as-a-DAO,” or MaaD, incentivizes players to form “mafia syndicates,” playing in groups that can face off against each other and enter tournaments. Source

Readings

  • Jack Raines' Young Money Weekly: National Treasure 3: The Rug Pull, discussing ConstitutionDAO: Source
  • TokenInsight DeFi Weekly: Source
  • Not Boring's Packy McCormick: Idea Lego: Source

Metaverse

NFT

Sushiswap

TI Research

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