Evening News | NFT whale pledges 147 CryptoPunks to borrow approximately $3.16 million; Central African Republic officially launches national cryptocurrency Sango

Organizer: Linqi, Chain Catcher

"What important events have occurred in the past 24 hours"

1. NFT whales collateralize 147 CryptoPunks on NFTfi, borrowing approximately $3.16 million

Richard Chen, a partner at the venture capital firm 1confirmation, stated that two NFT whales have collateralized 147 CryptoPunks series NFTs on the NFT lending platform NFTfi, borrowing approximately $3.16 million (with each CryptoPunks NFT borrowing 21,500 DAI).

According to data from Dune Analytics, NFTfi has completed a total of 13,300 lending transactions to date, with a total loan amount of approximately $216.45 million, and outstanding debt of about $24.49 million. (Source link)

2. Central African Republic officially launches national cryptocurrency Sango

The Central African Republic officially launched the Sango token during the Sango genesis event, which serves as the country's national cryptocurrency. President Faustin Archange Touadéra outlined plans for the use of Bitcoin and cryptocurrencies at the event, stating that the Sango token will become "a gateway to the Central African Republic's natural resources." The government previously announced plans to tokenize the country's natural resources, including oil, diamonds, and copper.

Earlier reports indicated that the Central African Republic announced the adoption of Bitcoin as legal tender in April this year and plans to launch the Sango project to create a "crypto hub" on July 3. (The Block)

3. Geely establishes blockchain technology company, with business scope including blockchain-related software and services

According to the Qichacha app, Wuxi Geely Blockchain Technology Co., Ltd. was established on June 30, with a registered capital of 100 million yuan. Its business scope includes: blockchain-related software and services; Internet of Things technology services; organizing cultural and artistic exchange activities; digital cultural creative content application services, etc. Qichacha's equity penetration shows that the company is jointly held by Zhejiang Geely Digital Technology Co., Ltd. and Geely International (Hong Kong) Co., Ltd. (Jin Shi)

4. DeFi infrastructure IncrementFi completes $1 million seed round financing, with participation from Qiming Venture Partners and others

DeFi infrastructure IncrementFi, based on the Flow blockchain ecosystem, announced the completion of a $1 million seed round financing, with participation from Dapper Labs, Lattice Capital, Qiming Venture Partners, Quiet Ventures, and several angel investors within the Flow ecosystem.

IncrementFi primarily provides liquidity and yield solutions, with two main products: Increment Swap (a fully permissionless decentralized exchange) and Increment Earn (a decentralized lending protocol for fungible tokens). Increment's vision is to become the DeFi infrastructure and liquidity engine within the Flow ecosystem, driving DeFi applications and innovations on the Flow chain. (Source link)

"What excellent articles are worth reading in the past 24 hours"

1. Gitcoin co-founder: DAOs are a new way to influence work

The Web3 community is fundamentally rooted in profound optimism, and the increasing popularity of this technology allows us to envision a world where everyone has the ability to survive and thrive. Essentially, Web3 has become a focal point of hope for people. The co-founder of Gitcoin stated that "DAO influence" is at the forefront of the emerging work culture, requiring our values to align with our actions.

2. 2022 Q2 Cryptocurrency Market Investment and Financing Report: GameFi becomes the investment keyword

The cryptocurrency market experienced significant fluctuations in the second quarter. However, despite the secondary market hitting new lows, investment trends and themes are forming in the primary market, with established institutions and new investors quickly entering to seek the best investment opportunities across various verticals. In terms of the distribution of financing numbers by sub-track, GameFi-related applications, infrastructure, and technological solutions have garnered significant attention and positioning from many large institutions, making it the most favored track by capital, with a total of 82 financing rounds, accounting for 16% of the total financing amount, ranking first. Among these, there were 9 investments in GameFi technology services.