Evening News | MetaMask will launch DAO and issue tokens; Hashed's asset management scale exceeds 4 billion USD
The BAYC development team Yuga Labs will launch the metaverse game project MetaRPG and issue the APE token.Organizer: Linqi, Chain Catcher
"What are the truly important news today?"
1. ConsenSys founder Joe Lubin confirms MetaMask will launch a DAO and issue tokens
Joe Lubin, founder and CEO of ConsenSys, stated in an interview with Decrypt that the crypto wallet MetaMask is pursuing gradual decentralization and will soon launch a decentralized autonomous organization (DAO). The new DAO will not participate in the governance of MetaMask but will provide funding for updates to MetaMask. Lubin did not provide further details about the DAO or its launch date but confirmed that MetaMask plans to issue tokens. (Source link)
2. HSBC announces purchase of land in The Sandbox and entry into the metaverse
The Sandbox announced a partnership with HSBC, making HSBC the first global financial services institution to enter The Sandbox. It is reported that HSBC has purchased land in the Sandbox metaverse to interact and build good relationships with sports, esports, and gaming enthusiasts.
Suresh Balaji, Chief Marketing Officer of HSBC Asia Pacific, stated: "The metaverse is how people experience the next generation of the internet Web3 using immersive technologies like augmented reality, virtual reality, and extended reality. Through our partnership with The Sandbox, we are entering the virtual world, allowing us to create innovative brand experiences for both new and existing customers." (Source link)
3. Hundred Finance and Agave suffer flash loan attacks, losses exceed $11 million
Hundred Finance, a Compound fork project on Gnosis Chain, tweeted that it suffered a hacker attack, and the Gnosis team is investigating. All Hundred markets on-chain have been suspended.
Additionally, Agave, a fork project of Aave on Gnosis Chain, also suffered a flash loan attack, with hackers exploiting reentrancy vulnerabilities in both protocols to steal over $11 million, which has begun to be laundered through Tornado Cash. (Source link)
4. BAYC development team Yuga Labs to launch metaverse game project MetaRPG and issue APE tokens
According to The Block, the BAYC development team Yuga Labs is about to launch the metaverse game project MetaRPG and initiate virtual land sales. A total of 200,000 plots will be distributed in two sales this March and August, with expected sales revenue reaching $178 million.
Additionally, it is reported that Yuga Labs will issue APE tokens, which can be used for shopping in the app store. Yuga Labs had a net income of $127 million last year, and this year's net income is expected to reach $455 million. (Source link)
5. Hashed currently manages over $4 billion in assets, 100% owned by the company
According to an interview by The Block with Baek Kim, a partner at the South Korean crypto venture capital firm Hashed, Hashed has made over 500 investments in the past five years, growing its assets under management from an initial $700,000 to the current $4 billion, and it remains 100% owned by the company.
"We realized that there are many gaps in this industry, and we don't want to just be investors waiting for entrepreneurs to solve these problems. We want to do more, such as personally participating in product development. One of the main issues facing blockchain games is sustainability," Baek Kim stated, emphasizing the need for more measures to help shape the future of crypto gaming.
To this end, Hashed has created a metaverse investment studio team of 80 people to help talented game developers incubate more sustainable Web3 games. Kim pointed out that interacting with the crypto gaming community outside of games might be more interesting than actually "playing games." (Source link)
6. Andre Cronje deployed 6 Fixed Forex stablecoin pools on Curve yesterday
Andre Cronje deployed 6 Fixed Forex stablecoin pools on Curve yesterday, including Euro, Australian Dollar, Swiss Franc, British Pound, Japanese Yen, and Korean Won stablecoins against USDC. These stablecoins are the currencies on the forex protocol Fixed Forex, which was launched by AC last July. The market believes that Andre Cronje's previous farewell may just be another temporary departure.
Previous report, Fantom's senior solutions architect Anton Nell stated that Andre Cronje would exit the crypto space and terminate about 25 related applications and services on April 3. (Source link)
7. THORChain releases roadmap: cross-chain aggregator to be launched in 5 phases
The decentralized cross-chain trading protocol THORChain has released a roadmap, planning to launch a cross-chain aggregator, redesign the front end, and introduce single-sided staking for vTHOR in phases.
THORChain stated that its aggregator will be launched in 5 phases. Additionally, the vTHOR THORSwap aggregator will release its incentive mechanism by introducing vTHOR (single-sided staking) that adds value from transaction fees, with 75% of protocol revenue allocated to vTHOR holders instead of charging transaction fees. (Source link)
8. ConsenSys completes $450 million financing, led by ParaFi Capital with participation from Microsoft and others
Ethereum infrastructure development company ConsenSys has completed a $450 million Series D financing, reaching a valuation of $7 billion, led by ParaFi Capital, with new investments including Temasek, SoftBank Vision Fund II, Microsoft, Anthos Capital, Sound Ventures, and C Ventures, along with existing investors Third Point, Marshall Wace, TRUE Capital Management, and UTA VC.
ConsenSys is a pioneer in creating foundational software for Web3, with a mission to unleash the collaborative potential of communities by making DAOs, NFTs, and DeFi universally easy to use, access, and build. Its software includes Infura, MetaMask, Quorum, Codefi, etc., with the MetaMask wallet exceeding 30 million monthly active users in January. (Source link)
9. Aptos, a public chain project initiated by former Diem members, completes $200 million financing, led by a16z
Aptos, a public chain project initiated by former team members of Facebook's stablecoin project Diem, has completed a $200 million strategic financing, led by a16z, with participation from Tiger Global, Katie Haun, Multicoin Capital, Three Arrows Capital, FTX Ventures, and Coinbase Ventures.
Aptos aims to build a more scalable blockchain using the Move programming language and BFT consensus protocol, designed to serve billions of users and meet the needs of large enterprise clients early on. The project also stated that it will not use any Diem intellectual property owned by Silvergate in building the blockchain. (TechCrunch)
10. Hex Trust completes $88 million Series B financing, led by Animoca Brands and Liberty City Ventures
Digital asset custodian Hex Trust has completed $88 million in Series B financing, co-led by Animoca Brands and Liberty City Ventures, with participation from Ripple, Terraform Labs, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Protocol Labs, and Adrian Cheng (CEO of Hong Kong real estate giant New World Development).
Hex Trust's Series B financing will be used to expand its business into Europe and the Middle East and obtain licenses. Hex Trust completed a $6 million Series A financing in March last year and a $10 million financing led by Animoca Brands in October. Hex Trust currently has over 100 employees in offices in Hong Kong, Singapore, and Vietnam. (Source link)
"What articles are the editors of Chain Catcher reading?"
1. "ConsenSys: The Future Web3.0 Operating System"
Last night, ConsenSys completed a $450 million Series D financing, with a valuation exceeding $7 billion. In this article, the investment firm A&T introduces the logic behind investing in ConsenSys and showcases the full range of ConsenSys products, which is considered the future Web3.0 operating system.
Recently, the Web 3 application extension and privacy system Espresso Systems completed a $32 million financing, with Sequoia Capital participating. In this article, Chain Catcher introduces the main features and development roadmap of the project, with a detailed explanation of the configurable asset privacy that the project focuses on.
3. "Which early projects are top crypto venture capital firms betting on recently?"
In this article, Chain Catcher will introduce the early projects that top crypto venture capital firms have bet on recently (from March 1 to 15), including basic information, official websites, related reports, etc., to help readers further understand potential projects for the future.
4. "Multicoin Capital Partner: Why We Invested in the Aptos Public Chain?"
Recently, Aptos Labs announced the completion of $200 million financing, led by a16z crypto, with Multicoin Capital participating. In this article, a partner from Multicoin Capital provides a detailed interpretation of the project's technical features and development background.
