Evening News | Public chain Sui launches Chrome extension self-hosted wallet "Sui Wallet"; former chairman of Tencent Weibao to serve as Chief Business Officer of Animoca Brands

Organizer: Linqi, Chain Catcher

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

1. Former Tencent WeSure Chairman Liu Jiaming to Join Animoca Brands as Chief Business Officer

Former Tencent WeSure Chairman Liu Jiaming officially left his position on July 15 and is set to join Hong Kong mobile game development company Animoca Brands as Chief Business Officer (CBO), responsible for managing over 300 acquired investment companies, leading mergers and acquisitions, and external collaborations. (Jiemian News)

2. Public Chain Sui Launches Chrome Extension Self-Custody Wallet "Sui Wallet"

The public chain Sui has released the Chrome extension self-custody wallet "Sui Wallet," which includes features such as creating accounts, importing existing wallets, transferring tokens and NFTs, and viewing transaction history on Sui Explorer. Upcoming features include a new design, monitoring processes, and wallet-to-application communication capabilities.

It is reported that Sui is the first product launched by Mysten Labs, a Web3 infrastructure startup founded by four former Meta engineers. Mysten Labs launched the Sui DevNet test network in May and announced the tokenomics model for its public chain project Sui. Mysten Labs is seeking to raise at least $200 million in Series B funding at a valuation of $2 billion and has already secured $140 million in funding. (Source link)

3. Three Arrows Creditors: Su Zhu Files $5 Million Claim Against Three Arrows Capital

According to a self-identified Three Arrows creditor, Soldman Gachs, he reviewed the complete list of Three Arrows Capital creditors and noted that co-founder Su Zhu has filed a $5 million claim against Three Arrows Capital.

Additionally, ThreeAC Limited has also filed a $25 million claim, with other creditors including DCG, Voyager, Algorand, DeFiance Capital, Celsius Network, CoinList, Galaxy, SBI Crypto, BlockFi, Moonbeam, and BitGo. The total value of all claims amounts to $2.8 billion and may increase in the future, with some claimants applying for only $1 and having the right to increase. (Source link)

4. Polygon to Launch zkEVM on July 21, Offering "EVM Equivalent" Solutions

Polygon will launch zkEVM on July 21, providing developers and users with "EVM equivalent" solutions, high-performance zk proof mechanisms (zk-proofs), and Ethereum mainnet-level security. (Source link)

5. Data: NFT Trading Volume in June Reaches $1.04 Billion, Down 74% Month-on-Month

According to The Block, NFT trading volume across various markets reached $4 billion in May, while June's trading volume was $1.04 billion, a 74% decrease month-on-month.

It is reported that the 74% drop is the largest month-on-month decline in NFT market trading volume to date, followed by a 48% decline that occurred between February and March of this year. (The Block)

6. Blockchain Travel Ecosystem Startup Travel Coin Secures $35 Million Investment Commitment from GEM

Blockchain travel ecosystem startup Travel Coin (TCOIN) announced a $35 million investment commitment from GEM Digital Limited. This investment aims to accelerate the global adoption of its native token TCOIN by establishing long-term partnerships with hotel businesses and cryptocurrency exchanges, improving existing products, and adopting new ideas to ultimately increase user adoption.

It is reported that Travel Coin (TCOIN) is a blockchain technology startup developing a rewards ecosystem for the hotel industry, where restaurants, clubs, cafes, and other related businesses increase revenue and customer numbers by offering rewards to customers in the form of TCOIN cryptocurrency tokens. (Source link)

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

1. “MetaMask Co-Founder: Reflections, Reviews, and Beliefs After Six Years of Entrepreneurship”

After experiencing more than one cycle of crypto bull and bear markets, we are not afraid of the bear market in 2022, especially considering the epic growth we have achieved over the past six years and even the past two years. When Ethereum was first launched in 2015, ideas such as DAO and alternative currencies emerged, leading to the conception of an account manager that runs in the browser, which is the origin of MetaMask. As a mature product that addressed many key requirements of the ecosystem at the start of the DeFi summer, MetaMask rightfully became the main gateway to decentralized yield platforms.

2. “Decentralized VPN: Exploring a New Wave of Privacy”

Commercial VPNs are highly centralized and pose risks to user privacy. Decentralized VPNs can be positioned to capture market share in the rapidly growing billion-dollar market. Due to physical requirements, hardware dVPNs may face scalability challenges. However, software dVPNs allow anyone with a network and computer to act as a node. Hardware dVPN operators typically provide bandwidth for shared networks, while software dVPN operators sell their bandwidth individually on a peer-to-peer market. Following the success of Web3 infrastructure projects like Helium and Filecoin, dVPN aims to incentivize operators to build distributed networks using token rewards.

3. “Non-Financial Decentralized Application Product Principles: How Can DApps Create Maximum Value?”

In Web3, decentralization is achieved through the protection of user data, transparency of on-chain transactions, and token-based governance. In terms of products, decentralization refers to the integration of blockchain, smart contracts, and decentralized infrastructure to enable applications to operate autonomously. dDApps run their backends on decentralized smart contract networks rather than centralized servers. As the decentralized internet evolves, user-facing DApps will carve out their place by granting people true ownership of their identities, data, and the applications they use.