headlines
Fantom launches 370 million FTM incentive plan
On August 30, the smart contract platform Fantom announced the launch of an incentive plan, which will invest 370 million FTMs to better adjust the incentives among users, builders and the network. If a protocol team can maintain the TVL of the protocol above the time-weighted average of $5 million or $100 million for a long time, it can apply for rewards from the Fantom Foundation. In its first iteration, 1-5 million FTMs can be applied for, and corresponding changes can be made according to the needs of builders. Once the foundation approves the application, there will be a two-month evaluation period, after which rewards will begin to be distributed on a monthly basis.
Data: The total transaction volume of NFT market OpenSea exceeded 4 billion US dollars
According to the latest data from DappRadar, the total transaction volume of OpenSea in the NFT market has exceeded 4 billion US dollars, a record high; it is currently 4.004 billion US dollars, ranking first in the NFT market transaction volume. Ranked second is Axie Infinity, with a transaction volume of $1.714 billion; third is CryptoPunks, with a transaction volume of $1.16 billion.
Fantom launches 370 million FTM incentive plan
According to the latest data from DappRadar, the total transaction volume of OpenSea in the NFT market has exceeded 4 billion US dollars, a record high; it is currently 4.004 billion US dollars, ranking first in the NFT market transaction volume. Ranked second is Axie Infinity, with a transaction volume of $1.714 billion; third is CryptoPunks, with a transaction volume of $1.16 billion.
Cream Finance Suffers $18 Million in Flash Loan Attack
PeckShield, a blockchain security company, tweeted that Cream Finance, a mortgage lending platform, suffered a flash loan attack and lost $18 million. PeckShield has found the root cause and reminded Cream Finance to contact them as soon as possible.
Philippine central bank considers classifying Axie Infinity as payment system operator
OPS can be cashing service providers, bill payment service providers, and entities such as payment gateways, platform providers, and payment facilitators that facilitate the sale of goods and services by accepting cash or digital currencies. Once the central bank identifies Axie Infinity as an OPS, the game’s production company, Vietnam-based Sky Mavis or its local partners, must complete the OPS registration with the central bank, or it will cease to operate.
digital currency
Cream Finance Suffers $18 Million in Flash Loan Attack
Many videos related to encryption and blockchain have been taken down on the social media platform TikTok, although users say they have done nothing wrong. TikTok said it banned any videos promoting illegal activities or regulated goods. Lucas Dimos, who has more than 300,000 followers, has had several videos removed over the past few months. He suspects that if this happens again, he will likely never use TikTok again.
Celo officially launched the "DeFi for the People" alliance collaboration project, which will provide more than $100 million in funds for publicity, funding and incentives, including Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, Moola Founding partners including Market, as well as educational outreach and infrastructure partners including Chainlink, RabbitHole, The Graph and Wrapped.com. The Celo Foundation and partner foundations will each provide half of the funding for the incentive project, aiming to realize the use of DeFi on the mobile side.
Arbitrum, the Layer 2 expansion solution of Ethereum, announced that the Arbiscan browser has been launched
The Japanese e-commerce platform Rakuten announced its entry into the NFT field. The NFT platform Rakuten NFT is expected to be launched in the spring of 2022. Users can use their existing Rakuten account and Rakuten points in the account to purchase and trade NFT on the Rakuten NFT platform. IP holders can use the platform to issue and distribute NFT without mastering blockchain-related technologies. The Rakuten NFT platform can also be linked with Rakuten's related services. For example, when users meet certain consumption and usage tasks, they can get NFT as rewards.
Only 37 employees of OpenSea are responsible for handling 98% of the total NFT transaction volume, and will increase recruitment efforts"OpenSea product manager Nate Chastain tweeted that the current 37 employees of the OpenSea team are responsible for handling 98% of the total NFT transaction volume, and more recruitment efforts are needed. OpenSea will offer a referral bonus, “paying 1 ETH to anyone who connects an engineer or designer with OpenSea.” Current openings at the company include director of business development, full-stack engineer, finance manager. According to data from DappRadar, the transaction volume of OpenSea in the past 30 days was 3.035 billion US dollars. Data from Ultrasound.money shows that the total amount of ETH destroyed on the entire network is 134,839.37, of which 20,829.41 have been destroyed by the OpenSea contract."Japanese e-commerce platform Rakuten will launch NFT platform Rakuten NFT in 2022
Astar Network's Kusama parachain Shiden Network launches token transfer function
Cardano-Based Decentralized Exchange Cardaswap Plans to Launch AMM and NFT Marketplace
The decentralized exchange Cardaswap is a blockchain market maker based on the Cardano protocol. Cardaswap's monetization and trading functions are developed based on the AMM protocol, which allows liquidity providers to pool funds and Cardano blockchain assets into pools so that others can easily exchange their tokens. The Cardaswap team intends to launch the AMM by the end of Q3 2021. Once the AMM is successfully launched, Cardaswap will become the first DEX on the Cardano blockchain. Then the team plans to list CADA tokens on major exchanges. The team also plans to launch a Cardaswap NFT marketplace in December. The Cardaswap NFT marketplace will enable digital content creators to mint and trade their collectibles to earn passive income. (Globenewswire)
Astar Network's Kusama parachain Shiden Network launches token transfer function
Polkadot's ecological DApp platform Astar Network's Kusama parallel chain Shiden Network has launched a token transfer function, allowing users to transfer SDN tokens, and then will implement smart contract functions, allowing developers to deploy Ethereum smart contracts (EVM) on Shiden Network and WASM smart contracts. The DApp staking function will be officially launched after Astar Network Portal is fully ready. In addition, Shiden Network will also launch builders and community programs to promote ecological development.
The DeFi pledge and liquidity strategy platform xToken, which was attacked by flash loan, released the xSNX contract vulnerability event analysis report. At 4:43 UTC on August 29, a vulnerability in the xSNX contract was exploited, and the estimated loss of the holder was $4.5 million. xToken believes that it is best to stop offering xSNX products at this time. The xSNX implementation is its most complex product yet, with complex dependencies and numerous bugs. Being able to call the callFunction function is the source of the vulnerability, the function should only be callable from dYdX's SoloMargin flashloan contract, but a bad require statement allows the function to be called publicly.
Blockchain industry
The xToken flash loan attack caused a loss of $4.5 million, will shut down xSNX products and build a compensation plan
secondary title
Chengdu will use "digital renminbi" to honor industrial policies
Hefei Public Resource Trading Center led Wuhan, Changsha, and Nanchang Public Resource Trading Centers to jointly hold the demonstration meeting of the "Yangtze River Chain-Biaozhengtong Technology Work Plan", aiming to promote cross-provincial mutual recognition of mobile digital certificates. "Yangtze River Chain" is a blockchain service platform for public resource transactions in urban agglomerations in the middle reaches of the Yangtze River. Combining technology, using the mobile phone shield to realize the media-free digital certificate, providing business functions such as identity authentication, electronic signature, and file encryption and decryption for various market players. (Published in Hefei)
Investment and Financing
Recently, the Jinxi County Taxation Bureau of the State Administration of Taxation has carried out real estate transaction registration tax blockchain business promotion for real estate development enterprises in the jurisdiction, so that taxpayers can fully understand the significance of the real estate transaction registration tax blockchain system, and deepen taxpayers' understanding of real estate transactions. The understanding and application of registration tax blockchain business.
Blockchain.com plans to go public within 18 months
Ekta, an Indonesia-based blockchain platform that digitizes physical assets and communities on the chain, has completed a seed round of US$5 million. Ekta's main network has been launched, with a self-developed NFT market, DEX and a decentralized lending platform. Following the public offering, Ekta will offer EKTA tokens for public listing on PancakeSwap. Its incubator in Indonesia will focus on incubating various companies that bring blockchain technology and solutions to real life. (U Today)
Accel Partners, a venture capital firm, announced on Monday the launch of Accel Atoms, a Pre-Seed round of financing fund, which mainly invests in startups in the fields of encryption, blockchain, financial technology, consumer applications, insurance technology, network security, SaaS, open source, developer tools, etc. . The fund is part of the sixth Accel fund with a total value of $550 million. Accel Atoms will contribute $250,000 to each project, holding no equity for the time being and will convert to equity in the next valuation round. The fund plans to hold two 100-day mentoring projects per year, and will provide one-on-one mentoring, breaking the one-to-many mentoring model of traditional entrepreneurial projects. (Your story)
global policy
Ekta, an Indonesia-based blockchain platform that digitizes physical assets and communities on the chain, has completed a seed round of US$5 million. Ekta's main network has been launched, with a self-developed NFT market, DEX and a decentralized lending platform. Following the public offering, Ekta will offer EKTA tokens for public listing on PancakeSwap. Its incubator in Indonesia will focus on incubating various companies that bring blockchain technology and solutions to real life. (U Today)
Urbanbase, a South Korean 3D spatial data tool company, has completed a US$11.1 million B+ round of financing, led by Hanwha Hotel & Resort, a subsidiary of Hanwha Group. The company plans to use the new funds to expand into the metaverse, including investing in research and development of advanced virtual reality, augmented reality and 3D tools, while strengthening its B2B SaaS service. Urbanbase also plans to upgrade its home interior software platform Urbanbase Studio, which can convert 2D indoor space images into 3D images through Urbanbase's patented algorithm, view indoor products through augmented reality, and have the function of analyzing space images based on AI technology.
SFC reminds public of non-accredited investment schemes, including ICOs, etc.
Shenzhen Special Economic Zone Digital Economy Industry Promotion Regulations submitted for review, key development areas of industrial clusters include blockchain and quantum information
Vietnam plans to formulate law on digital technology industry
Central Bank of Nigeria Publishes Draft Guidelines for eNaira CBDC Project
Character·Voice
Belarusian President Encourages Workers to Stay Local for Crypto Mining
In March 2018, Belarus passed a presidential decree to promote the legalization of encryption-related business activities, including mining. In April 2019, Lukashenko suggested that a bitcoin mining farm could be built at the nuclear power plant in the Grodno region on the Lithuanian border to use surplus electricity. In November last year, Belarusian Sberbank, the country's largest banking institution, launched a service that allows users to buy and sell digital currencies using Visa cards. But in March, Lukashenko hinted at a tightening of the regulatory framework to rein in the use of cryptocurrencies during a meeting with senior government officials.
