|Ethereum will carry out the first mainnet shadow fork; Epic Games completed $2 billion in financing (April 12)
headlines
Ethereum developers: PoS is being tested on Ethereum and will be the first mainnet shadow fork
Ethereum developer Marius van der Wijden said that PoS is currently being tested on Ethereum and will carry out the first mainnet shadow fork.
South Korean President Yoon Suk-yue is working with financial authorities to seek regulation of STOs, IEOs
Epic Games Completes $2 Billion Financing Led by Sony and KIRKBI
In previous news, Epic Games announced a partnership with Lego to explore the metaverse for children. Its game store is open to games that support cryptocurrencies or blockchain-based assets.
Project News
The Polkadot parachain Astar Network announced the launch of the Build2Earn dApp pledge program to encourage developers to build dApps
Cosmos Hub Theta version upgrade will start at block height 10085397
After successfully completing the Theta testnet upgrade in March, Cosmos is preparing to upgrade the mainnet when the block height reaches 10085397 on April 12.
Privacy computing public chain Oasis will upgrade Damask at 17:00 on April 11
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Bancor Releases Bancor V3 Code and Launches Bug Bounty Program
According to the official blog, the decentralized trading protocol Bancor released the Bancor V3 code and announced the launch of the Bancor V3 bug bounty program.
Rewards will be distributed based on the severity of disclosed vulnerabilities, up to a maximum of $1 million. Starting with the official beta release, the contracts-v3 repository will be subject to a bounty program.
In addition, Bancor said that the release time of the V3 mainnet is expected to be in mid-May.
Industry news
Huobi Incubator, everFinance and SevenX Ventures have reached a long-term cooperation to build the Arweave ecosystem
Huobi Incubator recently announced that it has reached a cooperation with everFinance, an Arweave-based DeFi protocol. Huobi Incubator will assist in:
2. Strengthen the construction of the Arweave ecosystem.
The Web3 Foundation announced the 13th batch of funding plans, including 31 projects including Dora Factory, SaaS3 Lab, NUTS Finance, Hamster, Asylum, Setheum, Helixstreet, and Fennel Labs.
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Hillstone Finance's parent company and Abu Dhabi Capital Group set up a $1 billion NFT special fund
Hillstone Finance parent company Hillstone Partners and Abu Dhabi Capital Group (ADCG) held a joint venture (JV) commercial signing ceremony in Dubai.
TONcoin Fund launched a USD 250 million ecological fund to support TON-based projects
Fabric Ventures to raise a combined $245 million for two Web3 funds
The ERC721R token standard is officially released, allowing users to return minted NFTs for a refund
GameFi and NFTs
The ERC721R token standard is officially released, allowing users to return minted NFTs for a refund
The ERC721R token standard is officially released. This standard adds a trustless refund design to the NFT smart contract, allowing the minter to return the NFT minted at cost within a given period and obtain a corresponding refund.
Forbes to Partner with FTX to Release 100 Virtual Billionaire NFT Collection on April 13
Gaming giant Ubisoft (Ubisoft) backed White Star Capital's second encryption-focused venture fund as a lead investor, putting about $60 million into the fund, which plans to raise $120 million. Other investors in the new fund include family offices and wealthy individuals. (The Block)
Investment and Financing
The Only Art Platform TheOne.Art Receives Series A Funding of Tens of Millions of RMB
TheOne.Art, the only art platform, announced that it has received tens of millions of RMB in Series A financing. This round of financing involves a listed company. Before obtaining the permission of the listed company's announcement, the company cannot disclose the information of the financing subject for the time being. The company will make additional explanations later.
Through this round of financing, Unique Art has continued to increase the proportion of state-owned capital holdings. The company will continue to promote the improvement of enterprise qualifications, the expansion of technical teams and service teams, and make more in-depth extensions in the direction of the industrial chain, contributing to China's digital art and metaverse industries.
Cocos, a digital interactive content development platform, announced the completion of a US$50 million Series B round of financing, with investors including CCB Trust, GGV Capital, and Agora.
After this round of financing, Cocos will continue to improve the core technology of the engine, promote the further integration of the engine with games, automobiles, education, XR, home design, architectural engineering design and other scenarios, and will invest in engine function research and development, new scene expansion, and ecological construction. Continue to provide developers with more convenient creation tools.
The stablecoin protocol Volt Protocol has completed a $2 million seed round of financing, led by Framework Ventures and Nascent. Volt Protocol has indicated that its mainnet launch will likely be in late April or early May. (Decrypt)
According to official news, Sender Wallet, a non-custodial wallet in the NEAR ecosystem, announced the completion of a seed round of financing, with Binance Labs and MetaWeb Ventures participating. This investment will help the Sender team expand R&D personnel, build a global community, and accelerate ecological development.
Shrapnel, a shooting chain game based on Avalanche, completed a financing of US$7 million. Dragonfly, Three Arrows Capital, Keith Nunziata (Citadel Global Equities), Jason Zhao (Kleiner Perkins) and others participated in the investment. It is reported that Shrapnel CEO Mark Long has developed games for Disney, Ubisoft and others.
Neon, the game studio that built Shrapnel spun out of HBO Interactive, raised $10.5 million in November in a seed round led by Griffin Gaming Partners and Polychain Capital. (CoinDesk)
According to official news, the algorithmic stablecoin TiTi protocol announced the completion of financing of US$3.5 million at a valuation of US$30 million. Spartan Group, SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital, Solidity Venture, 0xb1, Tascha, Nipun, Michael and others participated in the vote. TiUSD is a stablecoin issued by the TiTi protocol.
Gaming giant Ubisoft invests about $60 million in White Star Capital crypto fund
Gaming giant Ubisoft (Ubisoft) backed White Star Capital's second encryption-focused venture fund as a lead investor, putting about $60 million into the fund, which plans to raise $120 million. Other investors in the new fund include family offices and wealthy individuals. (The Block)
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Arthur Hayes, the founder of BitMEX, released a new blog post to discuss his market views. Arthur Hayes believes that since the encryption market is still highly correlated with Nasdaq at the current stage, once the Fed’s interest rate hike cycle begins, the encryption market will be closely related to Nasdaq Falling in tandem, he believes Bitcoin will fall to $30,000 and Ethereum will fall to $2,500.
However, Arthur Hayes later said that with the beginning of the global economic depression, the simultaneous decline brought about by this round of liquidity tightening will be the beginning of the divergence between cryptocurrencies and sovereign assets. When the market reverses, encrypted assets will go out of the independent market. And lead the global assets.
Ex-SoftBank CEO allocates 10% of portfolio to Bitcoin
