Crypto Daily Digest - October 29th

TI Research

CryptoPunk #9998 performed a farce today. An address purchased this punk at around $530m and returned it to original address. Sushiswap released the Q3 updates. Solana's projects also have a lot updates: Serum allocate 100m to liquidity mining. Hxro launched a product on Devmet. Sonar | Loot | Delphi Digital | Alchemy | Ankr | Synthetix

Fundings

a16z is leading AlchemyPlatform's $250m Series C

Blockchain development platform Alchemy closed a $250 million Series C round led by a16z with participation from Lightspeed, Redpoint, Coatue, Addition Capital, Pantera and DFJ at a $3.5 billion valuation. Alchemy closed an $80 million Series B round six months ago at a valuation of $505m. Source

GigLabs Raises $4.5m Seed Round Led By Dapper Labs

GigLabs, a blockchain company that empowers brands such as CNN and Turner Sports to bring their IP to life through non-fungible tokens, or NFTs, today announced a $4.5 million seed round led by Dapper Labs and Panoramic Ventures. Other investors participating in the round include Collab+Currency, Red Beard Ventures, Eterna Capital, Alumni Venture Group, Gaingels, and Amino Capital. The caliber and variety of investors participating in this round demonstrates broad support for GigLabs to be the leading provider of infrastructure for brands, creators and collectors to build memorable experiences through NFTs. Source

Ex Populus Announces $3m Seed Round Led by Animoca Brands

New Indie Blockchain Game Publisher Ex Populus announced today that it closed a heavily oversubscribed $3M seed round that was led by Animoca Brands. Ex Populus’ seed round received high interest which resulted in a quick oversubscription of the round, highlighting the excitement around Ex Populus’ new game publishing model which is built entirely on Ethereum. The round had participation from other notable investors, including CMS, Enjin, Infinity Ventures, Evernew, Polybius Capital, Decision Tree Ventures, Outlier Ventures and Zipmex. Source

IDO

UXD Will Start its IDO on November 4th

UXD protocol is the first delta-neutral position backed algorithmic stablecoin built on Solana blockchain. The IDO will be held on November 4th, HKT 11AM; November 3rd, PST 8PM; November 3rd, EST 11PM. The IDO will last for a total of 48 hours. During the IDO, anyone will be able to deposit/withdraw USDC and participate in the IDO. At the end of the IDO, the number of tokens you receive is proportional to the USDC you contributed to the vault. A total of 300,000,000 UXP tokens(3% of total supply) will be available. There are 10 billion $UXP token in all. Vesting plan for investors is 50% release after 1 year and the rest is released over 1 year Source

Crabada Will Start Its IDO With Avalaunch on November 8th

Crabada is the next IDO project for Avalaunch. Crabada is an Undersea world filled with fierce fighting Hermit-Crabs called Crabada. Crabada can be bred, and used in games to earn cryptocurrencies with real value. CRA is a governance token which is rewarded via staking, and playing the game during the incentive period. The price of CRA in the private round is $0.1/CRA, and the IDO price is $0.18/CRA. The registration for IDO will start at 3pm on Noveber 2nd and end at 6pm November 6th (UTC). Source

Derivatives

Synthetix Released The Avior to Optimism

Synthetix, will be undergoing an Avior version upgrade on Optimism later today. This upgrade is a version upgrade on Optimism, Synthetix on Optimism will be down for two to three hours, the L1 version will not be affected. This new release adds a new WrapperFactory contract that can deploy new wrapper contracts to support any ERC20 token, initially supporting Ether, with more wrapper assets to be added in the future. Source

Dopex Launched Single Staking Option Vaults (SSOV)

Dopex launched Staking Option Vaults (SSOV) today. Similar to single staking vaults, SSOVs allow users to lock up tokens for a specified period of time and earn yield on their staked assets. Users will be able to deposit assets into a contract which then sells deposits as call options to buyers at fixed strikes that they select for end-of-month expiries. Source

Solana

Project Serum allocates $100m to liquidity mining

Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem. The initial allocation was approved by Serum’s decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serum’s native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serum’s on-chain order book. Source

Sonar Watch Introduced Governance Token $SONAR And Sonar Watch 2.0

Asset tracking and Dashboard on Solana, Sonar Watch revealed their token plan and the update of its product. New features include Multi Wallet support, NFT Wallet evaluation, Statistics, Ecosystem overview, IL Calculator, Auto-refresh, Currency selector, Overall performance improvement and so on. This V2 will be released first week of November in a Beta version. $SONAR will give you access to PRO features which are part of the new features on the V2, such as multi wallets support, history charts, dashboard CSV export and others. Any transaction made on Sonar Watch in the future will have fees reduction for all $SONAR holders. The IDO is around the end of November with a 100m total supply, 5m IDO share(5%) and 2m Airdrop share(2%). Source

Hxro.Network released its Parimutuel Market Protocol to Solana Devnet

Derivatives liquidity protocol on Solana Hxro.Network announced it has released its Parimutuel Market Protocol to Solana Devnet. Hxro Parimutuels provide a generalized solution for creating dual-outcome markets on data provided by Solana-based market data oracle PythNetwork. Source

NFTs

CryptoPunk #9998 sold for approximately $530m

Larva Labs shows that CryptoPunk #9998 sold for 124,457 ETH ($532.4 million) early this morning in a trade involving a large lightning credit and an interaction between at least two contracts. The CryptoPunk has now been transferred from the purchased address back to the original sale address, which originally purchased CryptoPunk #9998 for 110 ETH on August 11. Source

Loot Exchange Launched Major Updates

Loot.exchange just launched a major upgrade today: now the official home base for trading across the Lootverse. 1. Trade Loot, GenesisLoot and MoreLoot. 2. Visualized as LootCharacter, HyperLoot and LootSwag. 3. The OG lootproject bags and GenosisLoot bags now sortable by Price or Greatness. 4. See your own "Inventory" in one unified page, or any wallet's inventory through the URL. Source

Immutable X partnership with ESL

The world’s leading esports organization ESL is partnering with Immutable X to build ESL Pro Tour CS:GO NFTs on Ethereum. ESL, also known as and ESEA Pro League has introduced its first non-fungible tokens (NFTs) for IEM Cologne 2021. Source

DEX

Sushiswap Q3 Updates

Sushiswap has released its Q3 2021 progress, which also includes a Q4 roadmap. It also includes a roadmap for Q4, which will see more significant developments for Sushiswap in Q4, such as Trident, Shoyu, and MISO v2. Included in the Q3 review are Phantom Troupe, Sushi Samural, multi-chain expansion, Shōyu and Maki's transition to consultant status, and more. Source

Others

Ankr Announced New Ankr Protocol, Token Use Cases, and $10m Grant

October 28th, Ankr released an entire platform of public endpoints that any blockchain developer or project can access to interface with chains like Polygon, Avalanche, Binance, Solana, Ethereum, and more, Ankr Protocol. Meanwhile, Ankr is launching a $10 million grant to boost promising new projects and developers who apply for funding. Source

Delphi Digital Launched New Website and Delphi 3.0

Digital asset research and consulting institute Delphi Digital tweeted yesterday that they have released a new site. The team has grown and changed to 69 contributors. Delphi Research provides free and paid Levels of project research and market analysis, as well as an updated interface; Delphi Labs is a project incubator that has successfully provided incubation services for projects such as Axie Infinity, Aave, Lido Finance and Synthetix, among others. Source

XDEFI Supports Terra

XDEFI, a decentralized wallet, announces its support for the Terra ecosystem. The main features of the first version of the product are: 1. Display, sending and receiving Terra stable coins 2. Diplay, sending and receiving CW20 tokens 3. Interaction with Terra ecosystem Dapps 4. Terra Ledger integration. NFTs will be supported in the next phase. At the same time, XDEFI announced a liquidity program in partnership with Pylon, the main purpose of which is to inject $XDEFI liquidity into the Terra ecosystem. XDEFI also announced a partnership with Anchor Protocol and Orion, which is launching Staking stablecoin UST feature inside the wallet. Source

Ampleforth Protocol Launched on Avalanche

Ampleforth (AMPL), one of the rebasing tokens is live on Avalanche network. Ampleforth adjusts its total supply through a mechanism called rebasing. Holders of the AMPL token will either have their tokens burned if the price of AMPL falls below $1, or holders will receive more AMPL tokens if the price exceeds $1. Source

Readings

  • Is Sci-Fi Game Franchise Protocol Parallel Just a Card Game? Source
  • an analysis on SushiSwap's $SUSHI token Source

NFT

Sushiswap

Solana

TI Research

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