headlines
News Yuga Labs (the issuer of Bored Ape Yacht Club) announced today that it has completed a new round of financing of US$450 million at a valuation of US$4 billion, which is also the largest financing in the NFT industry so far. This round of financing was led by a16z, with participation from Adidas Ventures, Animoca Brands, Samsung, Google Ventures, Tiger Global, FTX Ventures, Coinbase Ventures, and Moonpay. Meanwhile, a16z partner Chris Lyons will join Yuga Labs’ board of directors.
News Yuga Labs (the issuer of Bored Ape Yacht Club) announced today that it has completed a new round of financing of US$450 million at a valuation of US$4 billion, which is also the largest financing in the NFT industry so far. This round of financing was led by a16z, with participation from Adidas Ventures, Animoca Brands, Samsung, Google Ventures, Tiger Global, FTX Ventures, Coinbase Ventures, and Moonpay. Meanwhile, a16z partner Chris Lyons will join Yuga Labs’ board of directors.
Florida Governor Says State Will Accept Bitcoin for Tax Payments
Acala and 9 Polkadot parachain teams launched a USD 250 million aUSD ecological fund, with the participation of 40 institutions including Jump crypto, Polychain, and DCG
community proposal
Polkadot parachains participating in the eco-fund include Acala, Astar Network, Centrifuge, Efinity, HydraDX, Manta, Moonbeam, OriginTrail, Parallel, and Zeitgeist. Participating venture capital institutions include nearly 40 institutions including 1confirmation, Alameda, Hashkey, DCG, IOSG, Jump Crypto, Pantera Capital, Polychain Capital, DFG, and SevenX.
Anchor Protocol, Terras ecological fixed-rate agreement, initiated a community proposal, planning to cooperate with Persistences liquid pledge product pSTAKE Finance to introduce the stkATOM built by pSTAKE Finance into the Terra ecosystem, and add it as collateral for Anchor Protocol in the form of bATOM, so that stkATOM holders can obtain liquidity by staking in Anchor while guaranteeing ATOM staking rewards.
Project News
Crypto Project Worldcoin Seeks $100M Token Funding at $3B Valuation
The privacy public chain Secret Network will undergo two mainnet updates in the second quarter
The privacy public chain Secret Network announced that it will carry out two large-scale mainnet updates in the second quarter of this year, including the Shockwave Alpha mainnet upgrade in April and the Shockwave Omega mainnet upgrade in June, so as to achieve better scalability and cross-border Chain IBC contracts, etc., promote the public chain to become the data privacy center of Web3.
Investment and Financing
The Alpha 0.8.0 version update includes: a fee mechanism based on computational complexity pricing, Layer2 Ethereum faucets, adding the ability to retrieve transaction execution traces to StarkNets API, adding Layer1 to Layer2 message cancellation, reducing sequencer execution Time required for incoming Cairo transaction streams, etc.
GameFi and NFTs
LINE will launch the NFT market on April 13 and plans to launch the global NFT platform DOSI
Japanese communication giant LINE announced that it will launch the NFT market Line NFT on April 13. The market will sell more than 100 types of NFTs released through content collaborations with 17 companies including major Japanese entertainment company Yoshimoto Kogyo.
Line said that NFTs purchased on the Line NFT marketplace can be stored in the Line BitMEX wallet and can be exchanged with the purchasers Line App friends. In addition, Line plans to expand NFT to overseas markets, launching the global NFT platform DOSI to 180 countries/regions within this month. (Coinpost)
GameStops NFT marketplace is live in beta, powered by Looprings Layer 2 network
The video game retailer GameStop (Game Station) NFT market has launched a beta version, and the complete NFT market will be launched soon, and it will be built on the Loopring (Loopring protocol) two-layer network.
In addition, the NFT market beta page launched by GameStop shows that GameStop may launch its own browser plug-in wallet.
Investment and Financing
Unstoppable Domains, a blockchain domain name service provider, is seeking a new round of financing of approximately US$60 million at a valuation of US$1 billion. It is currently negotiating with investors such as Draper Associates, Coinbase Ventures, Protocol Labs and Naval Ravikant. The round has not yet ended. So terms may change. (Tech Crunch)
Game developer and publisher Gamefam announced a $25 million Series A round led by Konvoy and Play Ventures, with participation from Makers Fund, Bessemer Venture Partners and Galaxy Interactive. Funds from this round of financing will be used to develop games on the metaverse platform Roblox. (Venturebeat)
Game developer Gamefam completes $25 million financing led by Konvoy and Play Ventures
Game developer and publisher Gamefam announced a $25 million Series A round led by Konvoy and Play Ventures, with participation from Makers Fund, Bessemer Venture Partners and Galaxy Interactive. Funds from this round of financing will be used to develop games on the metaverse platform Roblox. (Venturebeat)
Joystream, a decentralized creator platform, completed a financing of US$5.85 million at a valuation of US$60 million, led by Digital Currency Group (DCG), Hypersphere, Defi Alliance, and D1 Ventures.
Additionally, Joystream is preparing to launch a mainnet in the second or third quarter of this year that will allow for a custom DAO, an NFT marketplace for creator videos, and a platform for creators to monetize their videos using their own tokens. Currently on the testnet, there are 3,434 members, and creators have been paid $132,301 so far. (CoinDesk)
Decentralized creator platform Joystream completes financing of US$5.85 million at a valuation of US$60 million, led by D1 Ventures and others
Additionally, Joystream is preparing to launch a mainnet in the second or third quarter of this year that will allow for a custom DAO, an NFT marketplace for creator videos, and a platform for creators to monetize their videos using their own tokens. Currently on the testnet, there are 3,434 members, and creators have been paid $132,301 so far. (CoinDesk)
Haun Ventures Two Crypto Funds Raise $1.5 Billion, Investing Directly in Equity and Tokens
global policy
Thailand
The central bank does not support the use of digital assets
The Bank of Thailand does not support payments with digital assets, and the capital of the banks digital asset business must not exceed 3%. (Golden Ten)
According to previous news, the Securities and Exchange Commission of Thailand stated that it will restrict the use of cryptocurrencies as a means of payment.
Any loosening of the governments stance will be included in amendments to the bill, which will be brought to the Lok Sabha (lower house), which will then vote on each amendment, according to a person familiar with parliamentary procedures.
The official Discord of the NFT project MekaVerse was hacked, and the wallet of the robot was stolen
MekaVerse, a Gundam Elements NFT project, tweeted that the official Discord hacker attack, the team is dealing with it, and users will be notified when the situation is resolved. The display of MekaBots may be delayed for a day or two. In addition, according to other users in the community, it is suspected that the wallets of most robots have been stolen, and no users have been affected.
The official Discord of the NFT project MekaVerse was hacked, and the wallet of the robot was stolen
The algorithmic stablecoin project Cashio has an infinite casting loophole, and the price of CASH is almost zero
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In addition, DeFi Llama data shows that the TVL of the protocol has plummeted from $28.87 million to $569,000. CoinGecko data shows that the price of its stablecoin CASH dropped from $1 to almost zero. (The Block)
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El Salvadors Finance Minister: Bitcoin Bonds Will Be Issued by September at the Latest
El Salvadors finance minister, Alejandro Zelaya, said El Salvador postponed the planned issuance of bitcoin bonds last week due to the governments decision to wait for favorable conditions in financial markets. In addition, he stated that El Salvador’s bitcoin bond will be issued no later than September.
