headlines
NEAR launched an 800 million US dollar ecological fund, focusing on the DeFi field
The public chain NEAR announced the launch of an 800 million US dollar ecological fund, of which 250 million US dollars of ecological grants will be allocated within 4 years; 100 million US dollars will be used for regional funds; 100 million US dollars will be dedicated to startups. Additionally, the fund will focus on DeFi, with Proximity Labs providing $350 million in dedicated funding. A newly formed DeFi DAO will manage these funds, and the protocol will be able to apply for liquidity mining project funds through the DeFi DAO. Proximity was a group of early NEAR contributors who spun out of the parent company as an independent entity and received funding from the NEAR Foundation. NEAR co-founder Illia Polosukhin said the program, which has allocated $45 million in funding this year, focuses on early-stage ecosystem building blocks. (CoinDesk)
The public chain NEAR announced the launch of an 800 million US dollar ecological fund, of which 250 million US dollars of ecological grants will be allocated within 4 years; 100 million US dollars will be used for regional funds; 100 million US dollars will be dedicated to startups. Additionally, the fund will focus on DeFi, with Proximity Labs providing $350 million in dedicated funding. A newly formed DeFi DAO will manage these funds, and the protocol will be able to apply for liquidity mining project funds through the DeFi DAO. Proximity was a group of early NEAR contributors who spun out of the parent company as an independent entity and received funding from the NEAR Foundation. NEAR co-founder Illia Polosukhin said the program, which has allocated $45 million in funding this year, focuses on early-stage ecosystem building blocks. (CoinDesk)
digital currency
Foreign media: Mastercard is working with Bakkt to allow banks or merchants on its payment network to provide encrypted services
Mastercard is poised to announce that thousands of banks and millions of merchants on its payments network will soon be able to integrate cryptocurrencies into their products. This includes bitcoin wallets, credit and debit cards that can earn rewards in cryptocurrencies and spend digital assets, and loyalty programs that convert airline or hotel points into bitcoin. (CNBC)
ProShares Applies to CME for Exemption from Bitcoin Futures ETF Position Limits
Report: Crypto Fund Inflows Hit a Record High of $1.47 Billion Last Week
On the evening of October 25, according to documents submitted by Tesla to the SEC, as of September 30 this year, the fair market value of Bitcoin held by Tesla was 1.83 billion US dollars. In the filing, Tesla said that in the first quarter of this year, the company purchased $1.5 billion worth of bitcoin. Tesla said that as of September 30, the book value of the virtual currency assets held by the company was US$1.26 billion, and there was an impairment of US$51 million in the third quarter, but the market value of the virtual currency assets held was US$1.83 billion. . (Beijing News)
Kusama has opened its twelfth round of slot auctions
The twelfth round of slot auction on Kusama started at around 17:33 on October 25, 2021. Currently, the highest bidder is the cross-chain virtual machine Composable’s Kusama pioneer network Picasso, with about 57,000 KSM. Other participants include Bit.CountryPioneer of the Polkadot ecological Metaverse Bit.Country, IntegriteeNetwork of the privacy computing project, CrustShadow of the distributed storage protocol Crust, and Robonomics of the Internet of Things platform.
Blockchain industry
Kusama has opened its twelfth round of slot auctions
According to data released by Wisdom Buds, a SAAS service provider for technological innovation intelligence, as of now, nearly 7,800 companies from nearly 50 countries and regions have participated in the application of blockchain-related patents, with a total of about 55,000 patent applications. Among them, China ranks first in the number of blockchain-related patent applications, with a number of about 33,000, accounting for about 63%, followed by the United States and South Korea. (Shanghai Securities News)
Investment and Financing
NFT toy company OnChain Studios completed a $7.5 million seed round of financing led by a16z
Digital toy company OnChain Studios completed a US$7.5 million seed round of financing, led by a16z, with participation from Dapper Labs, Draper Associates, CoinFund, Sound Ventures, Collab + Currency, and WndrCo. The new financing will be used to develop Cryptoys, a new NFT platform that combines digital toys and games, and will release interactive digital toys that allow consumers to buy, play, collect and sell. These NFTs will soon be launched on Flow. (CoinDesk)
Digital toy company OnChain Studios completed a US$7.5 million seed round of financing, led by a16z, with participation from Dapper Labs, Draper Associates, CoinFund, Sound Ventures, Collab + Currency, and WndrCo. The new financing will be used to develop Cryptoys, a new NFT platform that combines digital toys and games, and will release interactive digital toys that allow consumers to buy, play, collect and sell. These NFTs will soon be launched on Flow. (CoinDesk)
Sino Global Capital launches a $200 million fund with the support of FTX, which will invest in fields such as DeFi and NFT
Scorechain, a Luxembourg-based provider of cryptocurrency tracking and risk management solutions, has completed a pre-A round of financing of 2 million euros, led by Tioga Capital. The company provides services such as risk analysis and scoring, cluster detection, AI prediction, address identification and graph visualization for encrypted transactions, covering 8 major blockchains and 3000+ encrypted assets. (paperjam.lu)
Indian investment platform Groww has completed a US$251 million Series E financing, led by Iconiq Growth, with participation from Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, Propel Venture Partners, Alkeon, Lone Pine Capital, and Steadfast. Its valuation has nearly tripled to $3 billion in just over six months. (livemint)
Character·Voice
ShowMe, an NFT social subscription platform under Gryffindor Labs, announced the official completion of its seed round of financing. This round of financing was funded by Mask Network, Incuba Alpha, SevenX Ventures, Hash Global Capital, Fosun Group co-founder Liang Xinjun, Metaverse Capital, Zonff Partners, NGC Ventures, DODO and other institutions and individuals participated together. This round of financing will introduce more strategic resources for the development of ShowMe. ShowMe is an NFT social platform built on Web3.0 with subscription as the core. Creators can attract and accumulate fans through flexible subscription methods.
