Evening News | Canaan Creative's revenue for the entire year of 2022 was 630 million USD; Amazon's NFT may be issued on a private chain

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2023-03-07 19:40:15
Collection
Scroll completes $50 million financing at a valuation of $1.8 billion; TwelveFold NFT auction ends with a highest bid of 7.1159 BTC and a lowest bid of 2.25 BTC.

整理:饼干,ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Canaan's 2022 Annual Revenue Reaches $630 Million, Profit Down 38% Year-on-Year

Bitcoin mining hardware manufacturer Canaan (NASDAQ: CAN) announced its fourth quarter and full-year financial results for 2022, reporting fourth-quarter revenue of $56.8 million, a 59.9% decrease from $141.9 million in the third quarter of 2022, with a net loss of $63.6 million in the fourth quarter.

Additionally, Canaan's full-year report shows that total revenue for 2022 was $634.9 million, down 12.1% from $723 million in 2021. The full-year profit for 2022 was $253.4 million, a 38.8% decrease from $413.7 million in 2021. (Source link)

2. Sources: Amazon's NFTs May Be Issued on a Private Chain, Tied to Real Assets

According to Blockworks, three sources familiar with the matter revealed that the NFTs issued by Amazon will be tied to real assets, resembling a form of digital ownership. For example, users could directly purchase an NFT related to a pair of jeans using a credit card. Amazon plans to notify every Amazon Prime customer via email after launching its digital collectibles program, which currently has about 167 million Prime members in the U.S.

Two sources indicated that although Amazon announced the date as April 24, the product is likely to be delayed, with a launch no later than May this year. Currently, the backend blockchain technology remains unclear, but since the plan was initiated, Amazon has engaged with various digital asset projects, including layer-1 blockchains and blockchain gaming companies. It is likely that Amazon will create a private blockchain, though it is unclear if this can be achieved through a fork of existing protocols. Additionally, Amazon has hired or is seeking to hire or collaborate with dozens of Web3-focused developers.

Sources also revealed that Amazon may issue tokens as part of the trading process, but this has not yet been confirmed. (Blockworks)

3. Ethereum Scaling Project Scroll Completes $50 Million Financing at $1.8 Billion Valuation, with Participation from Polychain Capital, Bain Capital Crypto, and Others

Ethereum scaling project Scroll announced the completion of a $50 million financing round, with investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners.

According to insiders, this round of financing has brought Scroll's valuation to $1.8 billion. Additionally, crypto data platform RootData shows that Scroll previously raised $33 million in two rounds of financing, with past investors including Polychain Capital and Bain Capital Crypto. This new round of financing brings Scroll's total funding to $83 million to date. (Source link)

4. Mysten Labs Signs Cooperation Agreement with Alibaba Cloud to Develop a Sustainable Web3 Ecosystem on Sui

The Sui development team, Mysten Labs, announced yesterday at the Alibaba Cloud Day Dubai Summit 2023 that it has officially signed a cooperation agreement with Alibaba Cloud to develop a sustainable Web3 ecosystem on Sui.

It is reported that in February, Mysten Labs reached a cooperation agreement with Tencent Cloud, and the two parties will expand the Sui ecosystem through collaboration in GameFi, payments, and cloud services. (Source link)

5. Avalanche Foundation Launches $4 Million Incentive Program for GMX Ecosystem

According to The Block, the Avalanche Foundation is providing a $4 million AVAX token reward for the decentralized trading platform GMX, aimed at increasing liquidity and users for its smart contract platform.

It is reported that the Avalanche Foundation stated that this grant is part of the Avalanche Rush incentive program, and the incentive tokens will be distributed over the coming months in collaboration with partners built on GMX, such as TraderJoe, YieldYak, and Dopex. (The Block)

6. TwelveFold NFT Auction Ends, Highest Bid at 7.1159 BTC, Lowest at 2.25 BTC

Yuga Labs' Bitcoin NFT series TwelveFold has concluded its auction, with the top 288 bidders set to receive inscriptions within a week, while the remaining bidders will receive refunds within 24 hours. The highest bid was 7.1159 BTC, and the lowest bid was 2.25 BTC. (Source link)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. "Interpreting the Current Status of Curve's Liquidity Market Business, Ecological Development, Moat, and Valuation Comparison"

The reason Curve can continuously operate its liquidity procurement and distribution business lies in the fact that it is not merely a liquidity middleman, but effectively utilizes the procured liquidity through its trading module, with strong synergy between the trading and liquidity market businesses.

2. "Wall Street Journal: Internal Chat Records Show Binance and Binance.US's Relationship is More Complex Than Disclosed"

Binance is primarily operated from its headquarters in China and Japan, but one-fifth of its customers are located in the U.S. U.S. authorities have signaled an impending crackdown on these unregulated offshore cryptocurrency players. In a private chat in 2019, a Binance executive warned colleagues that any lawsuit from U.S. regulators would have a "nuclear waste" effect on Binance's business and employees.

3. "EthDenver's Latest Talk 'The Limitations of L2' Sparks Heated Debate, What Are People Discussing?"

Gnosis co-founder Martin Köppelmann delivered a talk titled "The Limits of L2" at EthDenver, discussing various limitations of L2 and an alternative scaling solution based on zkBridge. Martin Köppelmann's views quickly sparked widespread discussion on Twitter, with many voices of skepticism. In summary, nearly every core argument presented by Martin Köppelmann was met with rebuttals.

4. "New Phenomena and Trends Seen by ETHDenver Attendees"

After attending ETHDenver, teacher Will expressed such sentiments. As a seasoned collector and organizer of crypto information, diligent teacher Will once again rolled up his sleeves, interviewing 75 attendees during the event to capture the fresh impressions from Denver. This article compiles Will's interviews, summarizing the following content, allowing us to transcend time and space and return to the vibrant atmosphere of Denver.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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