Daily Report | Vessel Capital launches a $55 million fund focused on investing in Web3 infrastructure and applications; the founder of PEPE is a 26-year-old photographer who profits from buying luxury cars but has not paid original royalties

Organizer: bayemon.eth, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Data: SUI Will Unlock 70.89 Million Tokens on September 3, Accounting for Nearly 10% of Circulation

According to CryptoRank data, SUI will unlock 70.89 million tokens on September 3, accounting for 9.88% of the circulation. The current circulation is 718 million tokens, with a total supply of 10 billion tokens. (Source link)

2. Vessel Capital Launches $55 Million Fund Focused on Investing in Web3 Infrastructure and Applications

According to TechCrunch, Web3 venture capital fund Vessel Capital has launched a $55 million fund that will focus on investing in Web3 infrastructure and applications.

It is reported that Vessel Capital was founded by Mirza Uddin, Eric Chen, and Anthony Anzalone. Uddin stated that the company invests about $10 million annually, with funds to be deployed over five years. (Source link)

3. Coinbase Announces Five Neutral Principles for Base: On-Chain Laws, User Custody of Keys, Equal Access to Information, Freedom to Exit, and Free Market

Coinbase has announced five neutral principles for Base, which are jointly maintained by the Base and Coinbase teams. Specifically:

1. Law of Chains: This primary neutral principle establishes a common standard for all OP Stack blockchains and ensures that builders and users can access Base's neutral and open block space;

2. Your Keys, Your Crypto: Coinbase does not custody or control the cryptocurrency users transfer to the Base network. Users (not Coinbase) are responsible for their actions on the network.

3. Transaction Ordering is a Free Market: Coinbase will not influence, discriminate against, or prioritize the order of transactions on Base. The Base network only relays messages based on the time received and optional priority fees set by users. No special rights to jump the queue are granted to Coinbase products, customers, or partners;

4. Equal Access to Information: Coinbase will not misuse any non-public information collected from Base. Private trading data (including any insights gained by the Base team through operating the sequencer, such as transaction ordering) will not be used for marketing or any other commercial purposes;

5. Freedom to Exit: Coinbase imposes no restrictions on withdrawals from Base. Users can withdraw their assets at any time if they are dissatisfied with Base, without facing any penalties. (Source link)

4. Coinbase Has Added PYUSD to Its Asset Listing Roadmap

Coinbase Assets tweeted that it has added PayPal's stablecoin PYUSD to its asset listing roadmap. The PYUSD contract address is 0x6c3ea9036406852006290770bedfcaba0e23a0e8. (Source link)

5. Base and Optimism Jointly Release Revenue Governance Sharing Agreement

Optimism stated that the collaboration between Optimism and Base has two main components: first, protocol governance, which involves a joint commitment to OP Chains upgrades and ordering rules; second, economics and governance. This includes sharing fees with the Optimism Collective and granting long-term tokens to Base.

Regarding protocol governance, if the proposed framework Law of Chains introduced by Optimism last month is approved, the next step will be to transfer the responsibility for executing upgrades for Base, OP Mainnet, and other OP chains to a decentralized security council. The foundation aims to submit governance proposals to implement this transition in early 2024. Before adopting this blockchain law, Base and OP Mainnet will also share upgrades.

Regarding economics and governance, transaction revenue from Base will be split and directed to the Collective through on-chain contracts. Specifically, the larger of 2.5% of Base sequencer total revenue and 15% of Base chain sequencer net revenue (L2 transaction revenue minus L1 data submission costs) will belong to the Collective.

The Optimism Foundation has also provided Base with the opportunity to earn up to approximately 118 million OP tokens over the next six years, aimed at retroactively rewarding Base for its contributions to scaling Ethereum and OP Stack. (Source link)

6. Delphi Digital: Base Achieves 100,000 Daily Active Users in 56 Days, Setting the Fastest Record for L2

Delphi Digital stated on its social platform that Coinbase L2 Base has become the fastest L2 to reach 100,000 daily active users, achieving this milestone just 56 days after its mainnet launch. (Source link)

7. Insider: PEPE Founder is a 26-Year-Old Photographer Who Profited from Buying Luxury Cars Without Paying Original Royalties

CryptoPhunks, the founder of the NFT market Not Larva Labs, PAULY, revealed the identity of the PEPE team member, stating that the PEPE founder is Zachary Testa, a landscape photographer born in 1997 in Phoenix, Arizona, who graduated from Arizona State University in 2018 with a degree in marketing. He has a record of legal violations in several wilderness areas, sacred indigenous lands, and other drone-prohibited areas. PAULY helped the PEPE team connect with the listing teams at Binance and Sushi.

Zachary used PEPE income to purchase a $865,000 purple Lamborghini, while his team did not pay any copyright fees to Matt_Furie, the original creator of Pepe the Frog.

Earlier today, the PEPE multi-signature wallet changed its threshold from 5/8 to just 2/8, meaning it no longer requires 5 out of 8 wallets to sign transactions, but only 2 out of 8. Over 16 trillion PEPE (approximately $155 million) flowed out of the PEPE multi-signature wallet to addresses associated with Binance, OKX, and Bybit. (Source link)

8. Data: Uniswap Q2 Spot Trading Volume Reaches $110 Billion, Exceeding Coinbase for Two Consecutive Quarters

According to data shared by Ryan Rasmussen, a researcher at crypto asset management firm Bitwise, Uniswap processed approximately $110 billion in spot trading in the second quarter, while Coinbase handled about $90 billion in transactions, with trading volume once again exceeding Coinbase. In the previous quarter, Uniswap's spot trading volume also surpassed Coinbase. (Source link)

9. Binance is Promoting Liquidity for Low Market Cap Projects on Its Platform as Part of a "Continuous Risk Management Plan"

According to The Block, in the past week, Binance staff contacted multiple projects to inquire about their relationships with market makers and whether they would consider funding the exchange's savings products. Specifically, Binance asked these projects if they would consider depositing 1%-5% of their circulating tokens into their savings accounts to earn interest. Reports indicate that if the relevant projects have no relationship with market makers or do not wish to fund their savings products, Binance would seek explanations.

A Binance spokesperson stated that this promotion is part of a "continuous risk management plan" targeting a small number of cryptocurrencies listed on the exchange, which either have low trading pair liquidity or are relatively small in market cap. The spokesperson noted that such projects may expose users to risks, "including potential market manipulation." (Source link)

10. TOPGOAL Announces Strategic Cooperation with Chiliz and Binance Fan Token at Hong Kong Digital Port Summit

TOPGOAL successfully held a summit in Hong Kong Digital Port focusing on the integration of sports, gaming, and Web3 technology, inviting industry leaders such as Chiliz, Binance, legendary football star Evra, and representatives from the Hong Kong government to discuss the broad application prospects of Web3 in the sports entertainment field.

In addition, TOPGOAL announced a strategic cooperation with Chiliz and Binance Fan Token, aiming to promote the future of decentralized football gaming and further strengthen the leadership of the digital football industry, creating richer and deeper digital experiences and engagement for fans, clubs, and stars. (Source link)

11. ChainCatcher Launches "Singapore TOKEN2049" Surrounding Event Query Section

The renowned Web3 conference TOKEN2049 will be held in Singapore at Marina Bay Sands from September 13 to 14, discussing topics such as global regulatory frameworks, the integration of crypto and AI, blockchain scalability, multi-chain networks, and protocol interoperability, with speakers including founders from ConsenSys, Aave, Galaxy Digital, and more. ChainCatcher has selected over 100 TOKEN2049 surrounding events for readers to quickly and conveniently query relevant event information.

Additionally, ChainCatcher will co-host an offline salon titled "Investment Trends and Financing Strategies" in Singapore on September 11 with RootData; ChainCatcher will also serve as the exclusive media partner for the offline event " Accelerating Decentralized Infrastructure" co-hosted by ByteTrade and Consensys with MetaMask Institutional in Singapore on September 14, welcoming interested friends to register for participation.

Editor's Note: If you need to add events for inclusion, you can add the staff contact information (WeChat: LX4509613). (Source link)

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

1. 《From Fair Launch to Automatic Pooling, NERC20 Explores New Ways of Fair Distribution》

Inspired by the fair launch of BRC20, in pursuit of a more decentralized token issuance mechanism, the NULS ecosystem's NERC20 has launched as a new generation ERC20 fair launch platform, bringing the spirit of fair launch to the NULS chain and the emerging Linea chain.

2.《Analyzing the Risks of LSD Protocols Using Lido as an Example》

This article will summarize the Base ecosystem for readers. According to incomplete statistics, the current number of projects in the Base ecosystem has exceeded 100, with a relatively complete scale, where infrastructure occupies a significant share, including but not limited to bridges, on-ramps, wallets, oracles, and node providers; Base's native DeFi projects also account for a large proportion of locked value and trading volume, with many multi-chain DeFi projects like Uniswap and Sushi having expanded here; currently, mainstream NFT markets and minting tools like OpenSea and ZORA have also integrated with the Base mainnet.

3. 《a16z Crypto: Exploring the Impossibility of Stateless Blockchains in Practice》

Due to the irreconcilable gap between construction and practicality, this lag in progress seems to be an inherent barrier in any industry's development process. Our latest research indicates that without additional measures to manage "state," no matter how intelligent a stateless blockchain solution is, it is unfeasible. However, as we mentioned at the end of this article, even if the outcome is not practical, we should not be discouraged.

4. 《Market Crash Sparks Outrage, PEPE "Founder" Exposed: 26-Year-Old Photographer Who Bought a Lamborghini》

Zachary Testa, born in 1997 in Phoenix, Arizona, graduated from Arizona State University in 2018 with a degree in marketing.

Pauly claimed that he used the income from the issued PEPE to buy a $865,000 purple Lamborghini, while his team did not pay a penny to Matt Furie, the original creator of Pepe the Frog.

Pauly stated that he initially helped the PEPE team connect with the listing teams at Binance and Sushi.

Zachary Testa's biggest label is as a photographer; he fell in love with photography at the age of 12 and has since pursued it as a life goal.

As a landscape photographer, Zachary Testa traverses wilderness areas and indigenous lands, with a bold style that ignores rules.