During the week from November 15th to November 21st, the events worthy of attention in the progress of star projects include:ConstitutionDAO raises funds to bid for copy of US Constitution, but ultimately fails；Ethereum Layer 2 developer StarkWare completes $50 million in Series C financing led by Sequoia Capital；Ethereum Layer 2 developer StarkWare completes $50 million in Series C financing led by Sequoia Capital；Ethereum Wallet MetaMask Developer ConsenSys Completes $200 Million Financing, HSBC and Others Participate；Ethereum Wallet MetaMask Developer ConsenSys Completes $200 Million Financing, HSBC and Others Participate；Gitcoin will carry out the 12th round of donations from December 1st to 16th, and the total matching funds have exceeded 1.5 million US dollars；The proposal "Forte proposes to invest 500 million US dollars with BitDAO, Alameda, etc. to build the GameFi incubator Game7" has been approved。
secondary title
Top Items of the Week
ConstitutionDAO raises funds to bid for copy of US Constitution, but ultimately fails
A group called ConstitutionDAO tried last week to raise funds to bid on a rare copy of the U.S. Constitution that is about to be auctioned off. This print is one of thirteen extant copies of the official version of the U.S. Constitution, one of 500 that were first submitted to the Continental Congress. According to auction house Sotheby's, this is the first appearance of the Constitution in its final form. The organization's plan is to support this effort through a DAO, the idea being to raise enough cryptocurrency in the form of ETH to successfully bid for that copy.
Bottom layer - public chain
Bottom layer - public chain
Acala won the first Polkadot parachain slot, locking a total of about 32.52 million DOT
According to official data, at 19:56 on November 18, 2021, the Polkadot network's first parachain slot Auction will end. After 3 hours and 40 minutes of "rolling the dice", at 23:36, Acala won Polkadot's first parachain slot Auction by locking 32,515,900 DOT.
Because the first two batches of Polkadot slots are continuous auctions, the second auction will start at 1:56 am on November 19th. Of all the active Crowdloan campaigns currently, Moonbeam collects the most DOTs, followed by Parallel, Astar, and Manta. All five winners of the first batch of Auction will be unified into the Polkadot relay chain on December 15, 2021, and start producing blocks as a parachain.
News Ripple revealed plans to enter the NFT field and improve the utility of XRP Ledger's native token. Ripple Ledger is developing into an NFT platform, and proponents have noticed that the XRP Ledger has NFT-enabled features. The platform runs on XLS-20, a standard that provides seamless functionality for NFTs. This standard has not been approved by the community. Once approved, RippleX will support the development of NFTs on its network. The payments giant will partner with NFT marketplace Mintable to power NFTs. ,
DFINITY Foundation Launches Community Rewards Program to Strengthen the Internet Computing Ecosystem
According to official news, according to community feedback, the DFINITY Foundation is currently launching a special grant program focused on the growth and development of the Internet Computer (Internet Computer) community. The Community Awards Program, a foundation initiative that provides funding to artists, educators, community organizers, content creators, and developer evangelists, is now accepting applications. Depending on the scope of the project and the specific funding category, funding will be distributed in tiers ranging from $5,000 to $100,000 and will be distributed in ICP tokens.
News developer organization Oasis Foundation has launched a $160 million ecosystem fund to support promising projects built on Oasis Network, a blockchain privacy computing platform. Announced Wednesday, the Oasis Foundation aims to attract new developers to the Oasis Network so they can build next-generation decentralized applications that support DeFi, NFTs, data tokenization, and the Metaverse. Both startups and existing projects building on the Oasis Network are eligible for funding, the foundation confirmed.
In addition to contributions from the Oasis Foundation, the Ecology Fund has received funding from several blockchain venture funds, including AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures, and Pantera Capital, etc. (Cointelegraph)
The EOS Network Foundation announced the fourth batch of funding lists, donating $100,000 worth of EOS to each of the seven developer tools and security audit projects in the EOS ecosystem, totaling $700,000. These projects are: blockchain audit project Sentnl, blockchain security project Slowmist, on-chain development resource tool project Aloha EOS Tools, EOS test network Jungle Testnet, user resource management project EOS Powerup, graphic IDE project EOS Studio and browser Project EOS Authority Dashboard.
According to official news, Zcash development company Electric Coin Company (ECC) released a roadmap from 2022 to 2025, and will release a commercial wallet on top of the PoS interoperable Zcash protocol. There are three key product deliverables included in this plan: official ECC wallet; PoS and interoperability. Specifically, ECC will launch the first official ECC wallet in 2022, realizing the transition to proof-of-stake (PoS) within three years.
The distributed IoT infrastructure project IOTA plans to introduce the IOTA Staking function, where users can pledge IOTA tokens and receive staking rewards from token airdrops, thereby promoting the IOTA roadmap and achieving full-featured decentralization. When a user stakes IOTA tokens, the staking rewards are paid not in newly minted IOTA tokens, but in tokens issued on the IOTA network and other networks.
IOTA plans to launch the first ephemeral network, Shimmer. On the Shimmer network, IOTA token holders can stake their IOTA tokens to receive Shimmer tokens SMR as rewards. The Shimmer staking period will be released through official channels 24 hours before the staking starts.
Unique Network Pioneer Network Quartz Wins Kusama's 14th Parachain Slot Auction
StarkWare, an Israel-based Ethereum Layer 2 developer, has raised $50 million in Series C financing and is now valued at $2 billion. This round of financing was led by Sequoia Capital, with participation from existing investors Paradigm, Three Arrows Capital, Alameda Research, Founders Fund, and IOSG. StarkWare uses ZK-rollups as its scaling technology, and StarkWare’s Ethereum scaling engine, StarkEx, is used by several crypto projects, including dYdX, Sorare, and Immutable. Several projects including MakerDAO, Aave, and Argent have committed to building on StarkNet. StarkWare co-founder Kolodny said StarkEx has settled transactions worth more than $200 billion, facilitating around 50 million trades. StarkWare will launch StarkNet Alpha on Ethereum before the end of this month, a permissionless decentralized ZK-Rollup that enables independent deployment of smart contracts. (The Block)
Bottom-Layer2
StarkWare, an Israel-based Ethereum Layer 2 developer, has raised $50 million in Series C financing and is now valued at $2 billion. This round of financing was led by Sequoia Capital, with participation from existing investors Paradigm, Three Arrows Capital, Alameda Research, Founders Fund, and IOSG. StarkWare uses ZK-rollups as its scaling technology, and StarkWare’s Ethereum scaling engine, StarkEx, is used by several crypto projects, including dYdX, Sorare, and Immutable. Several projects including MakerDAO, Aave, and Argent have committed to building on StarkNet. StarkWare co-founder Kolodny said StarkEx has settled transactions worth more than $200 billion, facilitating around 50 million trades. StarkWare will launch StarkNet Alpha on Ethereum before the end of this month, a permissionless decentralized ZK-Rollup that enables independent deployment of smart contracts. (The Block)
According to official news, the Ethereum expansion program StarkNet released Alpha 4 on the Goerli test network. This version follows the feature-rich version of Alpha 3, including improvements to Cairo compilation time, contract constructors, etc., adding access to contract addresses, block hashes, New functions such as changes in contract address calculation methods, Token Bridges, etc. If all goes according to plan, it is expected to be deployed on the mainnet by the end of the month.
Token Bridges are an important part of the StarkNet infrastructure, allowing funds to be transferred out of or into StarkNet with shorter withdrawal times.
Polygon Launches ZK-Rollup Solution Miden
Sunday News Polygon has launched a new Layer2 ZK-Rollup solution called Miden. The solution uses ZK-STARKs cryptographic proof technology that can verify data or calculations without revealing them to third parties. Miden is the latest project developed under Polygon’s $1 billion fund allocated to ZK-based projects. In August, the Polygon team acquired ZK-Rollup solution Hermez Network for $250 million. (Crypto Briefing)
Polygon will invest $1 million to support projects on Gitcoin and become a Gitcoin donation payment channelDAO voting platform Snapshot Labs completed $4 million in financing, led by 1kx, with participation from The LAO, MetaCartel Ventures, Gnosis, StarkWare, Coinbase Ventures, BoostVC, Scalar Capital, Fire Eyes DAO, LongHash Ventures, and Coopérative Kleros. The funds were used to further expand the business. (CoinDesk)
Polygon announced that it will invest $1 million to support projects on Gitcoin. The funds will be evenly distributed in each round of donations in the next five quarters of Gitcoin, and Polygon will be in the 12th round of secondary funding that Gitcoin will hold in December 2021 Donated $200,000. Polygon became the fourth organization to donate more than $500,000 after ENS, Badger, and the Ethereum Foundation, and also made the main matching pool of the next round of donations reach $1 million, surpassing the 815,000 in the eleventh round The U.S. dollar hit an all-time high. In addition, Gitcoin will also add Polygon as one of the payment channels for donations, which previously only supported donations via Ethereum and zkSync.
infrastructure components
ConsenSys, a blockchain technology company headquartered in New York, completed a financing of US$200 million. HSBC, Animoca Brands, Dragonfly Capital, Coinbase Ventures, Marshall Wace, IOSG Ventures and American hedge fund Third Point participated in the investment. ConsenSys’ valuation reached 3.2 billion Dollar. ConsenSys products include Ethereum wallet MetaMask and developer tool Infura, etc. ConsenSys said MetaMask has a total of 21 million monthly active users, a 38-fold increase from last year. Infura users grew from 100,000 to 350,000, a 250% increase. The funding will be used to grow its presence in Asia, employ 400 staff and promote mainstream adoption of NFTs. (The Block)
DAO Voting Platform Snapshot Labs Completes $4 Million Funding Led by 1kx
DAO voting platform Snapshot Labs completed $4 million in financing, led by 1kx, with participation from The LAO, MetaCartel Ventures, Gnosis, StarkWare, Coinbase Ventures, BoostVC, Scalar Capital, Fire Eyes DAO, LongHash Ventures, and Coopérative Kleros. The funds were used to further expand the business. (CoinDesk)
According to official news, the open source software funding platform Gitcoin will launch the 12th round of donations (Grants Round 12) at 10:00 MST on December 1st, and the event will last until December 16th. This donation will support the Polygon network as a Payment channels, the total amount of matching funds that have been committed so far exceeds 1.5 million US dollars, including new theme donations and ecosystem donations. In addition, GR12 Hackathon will be held concurrently.
The main network of cBridge 2.0, a cross-chain payment network launched by Celer Network, a layer-2 expansion platform, has been officially launched. Celer said that the cBridge2.0 mainnet will be launched in multiple stages. In the first stage, users will be able to transfer USDT, USDC and ETH across Avalanche, Arbitrum, BSC, ETH, Fantom and Polygon within minutes at a lower cost . Liquidity Providers (LP) can choose to provide liquidity for cBridge's fund pool contract through the State Guardian Network (SGN), without additional operation of cBridge nodes, and application developers can directly integrate cBridge 2.0 SDK to realize native multi-chain users experience. Celer has open-sourced cBridge 2.0 and the upgraded SGN smart contract, and completed three independent audits from CertiK, Peckshield, and SlowMist. In addition, Celer and ImmuneFi launched a $2 million cBridge 2.0 bug bounty program to top security researchers and white hat hackers around the world.
Gelato launched Gelato Ops, an automated execution tool for Web3 multi-chain smart contracts
Gelato Network, an automatic execution tool for Ethereum smart contracts, announced the launch of Gelato Ops, a tool for automatic execution of Web3 multi-chain smart contracts. Gelato Ops will be launched on Ethereum, Polygon, Fantom and Arbitrum, and more networks will be supported in the future. Developers can use Gelato Ops to automate arbitrary tasks on most EVM-based blockchains, payments can be made in ETH, MATIC, or FTM, and DAI or USDC will be supported later.
The blockchain storage protocol Arweave announced the integration with the Ethereum expansion network Polygon through the Bundlr Network, allowing users to use Polygon's native tokens to upload data to the Arweave network. Arweave said that the next step will be to integrate wallets in the Polygon ecosystem, and will launch a $9,000 developer grant program with Polygon and Bundlr.
Bundlr Network is a network that supports Arweave's unlimited scale and cross-chain storage of any encrypted currency. It collects and submits data to the Arweave network in a single base layer transaction, and can realize entrusted payment. Storage fees paid by the network are handled by its Bundlr nodes, and users and Bundlr nodes are free to organize mutually satisfactory payment mechanisms.
Blockchain domain name service provider Unstoppable Domains has supported the Polygon network. Users can mint NFT domain names on Polygon for free. Mining, purchasing, and updating NFT domain names do not need to pay casting fees, gas fees, and renewal fees.
Application layer - DeFi
Application layer - DeFi
Polygon co-founder proposes deploying Uniswap V3 to Polygon PoS chain
The co-founder of Polygon proposed to deploy Uniswap V3 to the Polygon PoS chain at the Uniswap Governance Forum, and said that now is the right time for Uniswap to be deployed on Polygon.
Aave Announces the Launch of Aave Arc, a Licensed Marketplace Based on Aave V2
According to official news, Aave announced the launch of Aave Arc, a licensed market based on Aave V2, to create a web3 native experience for financial institutions, and proposed Fireblocks as the first whitelist project. Aave Arc is designed to be fully decentralized and governed by Aave Governance.
Maker Founder Rune Christensen Joins VC Firm Dragonfly Capital
Stablecoin protocol MakerDAO founder Rune Christensen has joined venture capital firm Dragonfly Capital as a venture partner. Christensen will simultaneously contribute to the MakerDao project and collaborate with Dragonfly.
1inch announced the creation of its DAO Treasury and started the second phase of governance
1inch has announced the creation of 1inch Network DAO Treasury and started the second phase of its governance implementation. The DAO will manage the 1inch Network by 1INCH holders staking their tokens to vote on protocol parameters and governance.
1inch's DAO is implemented in two phases. Phase two begins today. The first phase began in December 2020, when 1INCH tokens were distributed to protocol users, and community members could use these tokens on the Instant Governance UI to directly control certain protocol settings during a not too long voting period. In other words, the first phase involves building a core governance community for 1inch Network. The second phase, which begins today, introduces “full DAO functionality by providing the community with direct control over the extended governance mechanism.” Phase two should be fully rolled out in early 2022.
DEX aggregator ParaSwap released the native Token PSP, about 20,000 addresses will receive 150 million PSP airdrop rewards, accounting for 7.5% of the total PSP supply (2 billion). The rest of the tokens will be allocated to ParaSwap’s core team (17.6%), future team members (5%), pre-seed investors and advisors (2.4%), seed investors (14%), reserves (10%) and Ecosystem (51%). It is reported that PSP is a practical and governance-based Token. PSP can be pledged in ParaSwapPools or vote on the governance decisions of the protocol. (The Block)
Injective Protocol, a DeFi derivatives project, announced the launch of its mainnet and launched the $120 million incentive plan Astro. At launch, the Injective Protocol only offers five tradable assets, including Bitcoin, Injective’s native token INJ, Wrapped Ethereum (WETH), Chainlink (LINK) and Axie Infinity (AXS).
According to reports, Astro consists of two sub-programs, namely Trade & Earn and a dedicated market maker (DMM), and will distribute 10 million INJ (about 120 million US dollars) in the next five years. Among them, DMM is a professional institutional market maker that provides liquidity for Injective. The market maker score is calculated every four weeks, and a total of 3 million INJ is distributed to eligible participants in proportion. In Trade & Earn, a total of 7 million INJ is distributed proportionally to all trading participants every week.
Application layer-NFT
Application layer-NFT
People familiar with the matter: NFT market OpenSea may reach a valuation of $10 billion
NFT marketplace OpenSea is rolling out a new investment offer that could increase its valuation roughly sixfold to $10 billion or more, according to two people familiar with the matter.
The company has not initiated a new financing process, the people said. Just four months ago, OpenSea completed a $100 million Series B round led by Andreessen Horowitz (a16z), with a post-money valuation of $1.5 billion. Instead, investors clamored for a piece of the startup after deal volume soared this summer. DappRadar data shows that OpenSea has completed sales of US$11 billion so far, of which Bored Ape Yacht Club NFT sales reached US$3 million. (The Information)
SushiSwap NFT platform Shoyu launched the NFT market, and several creators have started NFT auctions
SushiSwap NFT platform Shoyu has officially launched the NFT market. Many creators have started NFT auctions, including Thom Mayne, Shavonne Wong, Nicolas Sassoon, Jesse Draxler, Thom Mayne, Luna Ikuta, etc. In addition, the NFT casting mode on the platform is currently only available to whitelist users.
Coinbase NFT Marketplace Announces New Batch of Launch Creator Partners
The Coinbase NFT marketplace has announced a new batch of startup creator partners, including World of Women, VeeFriends, and artist DrifterShoots.
Previously announced creator partners include MoonCats, GxngYxng, creators of Forgotten Runes Wizard's Cult, Michael Blau, MekaVerse, RTFKT Studios, Cool Cats, Trevor Jones, Amber Vittoria, and 0N1 Force.
Founder of Tezos-based NFT marketplace Hic et nunc quits, community starts turning it into a DAO
Last week, the Tezos-based NFT marketplace Hic et nunc ceased its services, after the marketplace was among the top 20 NFT marketplaces by sales. After the exit of its founder Rafael Lima, the community decided to take the project into its own hands and started converting Hic et nunc into a DAO. (Bitcoin.com)
Application Layer - Game
Application Layer - Game
The proposal on "Forte's proposal to invest $500 million with BitDAO, Alameda, etc. to build the GameFi incubator Game7" has been approved in SnapShot.
According to previous news, the blockchain game platform Forte and Magnus Ventures put forward a proposal on the BitDAO forum to invest 500 million US dollars to build a blockchain game ecological accelerator DAO plan Game7, among which, in addition to Forte, Game7 partners also include BitDAO, Alameda Research and Mirana.
Yield Guild Games (YGG) announced that it has reached cooperation and invested in 8 NFT games since October, including Influence (Star Wars massively multiplayer online game), CyBall (NFT football game), Thetan Arena (MOBA mobile game) , KOGs SLAM! (POGs-like mobile game), MOBOX (P2E game platform), Aavegotchi (NFT game), DeHorizon (metaverse) and Genopets (Solana ecological Pokemon game).
Yield Guild Games (YGG) announced that it has reached cooperation and invested in 8 NFT games since October, including Influence (Star Wars massively multiplayer online game), CyBall (NFT football game), Thetan Arena (MOBA mobile game) , KOGs SLAM! (POGs-like mobile game), MOBOX (P2E game platform), Aavegotchi (NFT game), DeHorizon (metaverse) and Genopets (Solana ecological Pokemon game).
Report: Axie Infinity average player's daily income slips below Philippine minimum wage
According to a report written by Naavik researcher Lars Doucet, although the blockchain game project Axie Infinity has grown exponentially in the first half of this year, the daily income of ordinary players has declined. Naavik is a research and consulting firm, and the report discusses blockchain games, NFTs, and Axie Infinity. Doucet wrote in the report: "After several months of incredible growth, the daily earnings of the typical Axie Infinity player (a Filipino 'scholar') has fallen below the Philippine minimum wage, but ranks lower than the Philippine minimum wage." High gamers are the exception, and even their income has declined since August.” The report explains, “‘Academics’ typically refer to gamers in developing countries who cannot afford the Axies necessary to play the game. Their Assets are provided by 'sponsors' who take a cut of their revenue."
