Daily Report | 425 million people globally hold cryptocurrency assets, with 182 individuals holding over 100 million dollars in cryptocurrency assets; Coinbase founder's 11th entrepreneurial idea: Web3 version of LinkedIn

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2023-09-06 19:51:37
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Beijing Chaoyang and Hong Kong deepen cooperation in the Web 3.0 field, jointly building the web3hub (Beijing) digital center; Ant Chain will launch a new Web3 brand, providing technical solutions for the Hong Kong and overseas markets.

整理:bayemon.eth, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. MetaMask Launches New "Sell" Feature to Exchange Cryptocurrency for Fiat

Cryptocurrency wallet service provider MetaMask announced the launch of a new feature called "Sell," allowing users to exchange cryptocurrency for fiat currency and send funds to their bank accounts.

This feature has currently been rolled out in the United States, the United Kingdom, and parts of Europe, initially supporting only ETH on the Ethereum mainnet, with plans to quickly expand to native Gas Tokens on Layer 2 networks. (Source link)

2. Layer2 Interoperability Protocol Connext Re-enables Airdrop Claims and Establishes ConnextDAO

Layer2 interoperability protocol Connext announced on the X platform that airdrop claims have been re-enabled and the process is running smoothly. The Connext community and core contributor team have launched ConnextDAO, with its cross-chain token NEXT being used for governance and staking activities.

Additionally, regarding whether there were issues with airdrop abuse, SlowMist founder Yu Xian stated on the X platform that after analyzing the target contract of Connext, he believes others cannot fraudulently claim the airdrop, agreeing with Connext core contributor Arjun Bhuptani that the address 0x44Af is related to a witch and has not been countered by Connext's anti-witch measures. Previously, addresses starting with 0x44Af claimed a large amount of NEXT airdrop through 230 accounts within one hour of the airdrop claim opening and sold everything for ETH, USDT, and USDC, earning approximately $39,000. (Source link)

3. Base Mainnet Resumes Normal Block Production and Will Continue Monitoring RPC and Network Security Issues

Coinbase's L2 network Base paused block production at 5:26 AM Beijing time, and about half an hour later, the team announced that a fix had been deployed and block production had resumed. At 6:39 AM Beijing time, the team stated that RPC issues were still found on the mainnet and they were working to fix them. By 7:06 AM, the team confirmed the health of the network and the recovery of the RPC API, stating they would continue to monitor to ensure stability. (Source link)

4. Coinbase Founder Adds Eleventh "Startup Idea": A Web3 Version of LinkedIn

Coinbase founder Brian Armstrong tweeted that he has received over 150 project applications so far.

Additionally, Armstrong announced he would add the 11th startup idea: a Web3 version of LinkedIn, which would verify employment or credentials through soulbound NFTs issued by companies; establish a front-end platform to explore and verify employee and employer profiles; and develop a method to guide network effects, suggesting that if users can verify .com emails from companies, it might allow them to create their own network effects.

Previous report, Coinbase founder Brian Armstrong published a list of ten promising crypto sectors, including on-chain reputation, L2 privacy, RWA, etc. (Source link)

5. Beijing Chaoyang District Deepens Cooperation with Hong Kong in Web 3.0, Co-building the web3hub (Beijing) Digital Center

According to the Hong Kong Commercial Daily, at the press conference for the construction of the Chaoyang District at the 2023 Service Trade Fair, Zhongguancun Chaoyang Park stated that it has taken the lead in Beijing in the digital economy sub-industry such as Internet 3.0. Chaoyang District is promoting the construction of Beijing's digital economy computing power center, with the Beijing International Big Data Exchange's data asset registration center being the first to be unveiled in the city.

Chaoyang District and Hong Kong have also begun to layout in the Web 3.0 field, launching the "Beijing-Hong Kong Internet 3.0" digital industry co-construction cooperation with the Hong Kong Web3.0 Association. Chaoyang District will collaborate with the Hong Kong Web3.0 Association, Hong Kong Cyberport, Hong Kong University of Science and Technology, Gono International, and other associations, universities, and enterprises to develop the Internet 3.0 industry, with major cooperation including jointly promoting the construction of the web3hub (Beijing) digital center and conducting joint research on cutting-edge topics in Internet 3.0. Both parties will also jointly hold the Beijing-Hong Kong Internet 3.0 Summit. (Source link)

6. Data: 425 Million People Worldwide Hold Cryptocurrency, 182 Hold Over $100 Million in Cryptocurrency

International wealth and investment migration firm Henley & Partners released its first crypto wealth report, revealing that currently, 425 million people worldwide hold cryptocurrency, with approximately 88,200 "cryptocurrency millionaires," nearly half (about 40,000) holding BTC. There are currently 182 cryptocurrency billionaires (high-net-worth individuals holding $100 million or more in cryptocurrency), of which 78 are Bitcoin holders.

The report also indicated that the top 5 crypto-friendly countries and regions are Singapore, Switzerland, the UAE, Hong Kong, and the United States; the top 5 crypto tax-friendly countries and regions are Singapore, the UAE, Hong Kong, Mauritius, and Monaco. The statistics in the report are as of June 30, 2023. (Source link)

7. On-chain Intellectual Property Protocol Story Protocol Completes $25 Million Series A Financing, Led by a16z

On-chain intellectual property protocol Story Protocol announced the completion of a $25 million Series A financing, led by a16z crypto. Including the $29.3 million financing completed in May this year, Story Protocol's total financing has exceeded $54 million, with other investors including Hashed, Endeavor, Samsung Next, Foresight Ventures, Dao5, Insignia Venture Partners, Alliance DAO, Mirana Ventures, and angel investors such as David Bonderman, founder and chairman of TPG Capital, and Roham Gharegozlou, founder and CEO of Dapper Labs.

It is reported that Story Protocol is a protocol for creating, managing, and licensing new intellectual property on-chain, aiming to democratize the creation of intellectual property through a global, scalable intellectual property repository, providing a streamlined framework for source tracking, frictionless licensing, and revenue sharing. (Source link)

8. Connect Ventures' Fourth Fund Completes $80 Million Fundraising, Will Continue Investing in Web3 and Other Directions

According to Robots.net, European venture capital firm Connect Ventures announced that its fourth fund has completed fundraising of $80 million, with support from British Patient Capital, De Agostini, Big Society Capital, Top Tier, and Molten Ventures.

The new fund will drive Connect Ventures to continue seed and pre-seed investments in areas such as B2B SaaS, fintech, consumer, and Web3.

According to crypto data platform RootData, Connect Ventures' investment projects in the Web3 direction include Cheq, Anytype, Zealy, and others. (Source link)

9. Framework Ventures Co-founder Shares Four Points of Intersection Between Blockchain and AI: AI Model Tokenization, Decentralized Computing Market, etc.

Vance Spencer, co-founder of Framework Ventures, shared the following four predictions about the potential convergence of artificial intelligence (AI) and blockchain technology in an interview:

  1. AI Achieving "Autonomy" for DAOs: Spencer believes that AI is expected to enable DAOs to truly achieve "autonomy," eliminating the need for central authority intervention and making them more decentralized.
  2. Tokenization of AI Models: He predicts that in the future, AI models will be tokenized and become valuable assets, meaning AI models can be traded and shared on the blockchain.
  3. Integration of AI and Gaming: Spencer mentioned AI Arena, a decentralized application and game native to Ethereum, where players train AI models to represent them in games. He believes this approach could change the paradigm of the gaming industry by combining on-chain ownership of AI models with gaming.
  4. Growth of Decentralized Computing Markets: He believes that decentralized computing markets, such as Akash Network and Render Network, may play a role in AI growth by promoting the sharing and trading of computing resources through blockchain technology. (Source link)

10. Insider: AntChain Will Launch a New Web3 Brand, Providing Technical Solutions for Hong Kong and Overseas Markets

According to Jiemian News, citing insiders, AntChain will launch a new Web3 brand at the upcoming Bund Conference, which will provide Web3 technical solutions for the Hong Kong and overseas markets, focusing on security and compliance technology products. (Source link)

"What Are Some Great Articles Worth Reading in the Last 24 Hours"

1. "2023 Bitcoin Mining Deep Dive Report: Halving Approaches, Miners' Survival and Preparation"

For the Bitcoin mining market, 2022 was a shocking year, laying the groundwork for active participants to establish themselves this year. As we approach and pass the Bitcoin halving period in 2024, more volatility is expected.

2. "Does the Window Dressing Effect Apply to Today's DEX Competition?"

Recently, Vyper suffered a reentrancy attack, significantly impacting some Curve projects based on Vyper, stirring quite a wave in the originally calm DEX ecosystem. We can see some emerging DEXs, such as TraderJoe, Maverick, and Izumi, achieving considerable trading volumes across various public chains through their unique solutions. This article attempts to explore the evolving trends and potential directions of the DEX industry by focusing on several mainstream DEXs, using stablecoin and yield-bearing asset trading as a starting point.

3. "Messari Illustrates Modular Blockchains: Ecosystem and Functional Layers"

Rollups can be stacked to scale according to demand and customize application-specific use cases while becoming part of a composable Rollup bridging ecosystem.

Developers can join the ecosystem they identify with or choose the execution environment, ordering scheme, verification system, consensus, and DA layer that best suits their needs, even mixing and matching between different ecosystems.

The success of any Rollup ecosystem or application will depend on the competitive advantages brought by their chosen configurations.

4. "Tip Coin: Tweet Mining, Boundless Future?"

In the current Web3 social landscape, whether it's the rapidly "rising" Friend.tech that ultimately devolved into a "gambling paradise," or the consistently busy Lens Protocol that still hasn't made a splash, it seems no one can truly grasp the windfall of Web3 social to become a "timeless" application.

Currently, apart from the simple interaction of earning points, Tip Coin has not disclosed a real operational model, leaving the future development and how Tip Coin will empower users as unknowns. The official statement indicates that a contract will be released soon, and the subsequent gameplay and development model have piqued users' interest.

How can users participate now? Can Tip Coin, "standing on the shoulders of Web2 giants," survive in the fiercely competitive social field? This article will briefly analyze Tip Coin's current marketing strategy and explore the challenges it faces.

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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