Daily Report ｜ The perpetual contract trading platform OX.FUN has completed a $4 million financing, led by Foresight Ventures; the crypto asset data platform RootData has officially launched version 2.0, introducing features such as on-chain entity tracking

Organizer: Luan Peng, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Perpetual contract trading platform OX.FUN completes $4 million financing, led by Foresight Ventures
According to ChainCatcher, the decentralized perpetual contract trading platform OX.FUN, initiated by Zhu Su (@zhusu), has completed a new round of financing amounting to $4 million. This round was led by Foresight Ventures, with participation from Double Peak Group, EmChain, Genblock Capital, and others. The funds will be used for product iteration, team building, market expansion, and more.

It is reported that OX.FUN is an innovative perpetual contract trading platform that uses OX as the collateral for contracts, adopting a dual-token model of OX&MILK, allowing investors to earn tokens regardless of profit or loss. Since its launch, the platform's trading volume has exceeded 20 billion OX, and deposits have surpassed 1.5 billion OX. (Source link)

2. Outlier Ventures' Bitcoin Base Camp accelerator announces 9 selected projects

According to ChainCatcher, Bitcoin Base Camp has announced 9 selected projects, including Bitcoin ecosystem API tool Deeplake, Bitcoin reward SaaS platform Joltz, social digital currency platform Sati, native cross-chain trading infrastructure Ordinox, Web3 freelancer platform Takenos, stock tokenization platform Sailing Protocol, decentralized Bitcoin mining pool Loka Mining, crypto payment interface SimpleFi, and wallet hub Bloom.

It is reported that Bitcoin Base Camp is a Web3 accelerator program operated by Outlier Ventures, supported by Plassa Capital and IOV Labs, providing support for early-stage Web3 founders.

Throughout the program, Outlier Ventures, Plassa Capital, and IOV Labs will provide customized support for each startup's needs, covering multiple verticals, including Bitcoin DeFi solutions, middleware for emerging dApps, UX/UI, Bitcoin asset issuance capabilities, and solutions related to Bitcoin proof-of-work consensus. (Source link)
3. Crypto asset data platform RootData officially launches version 2.0, introducing on-chain entity tracking and other features

According to ChainCatcher, the crypto asset data platform RootData has officially launched version 2.0, which focuses on the interconnection of on-chain and off-chain entity data. The project detail page integrates real-time data such as large token transaction dynamics and top holding addresses, and also introduces an entity address tracker covering real-time dynamics of over 30,000 tagged addresses.

These features can help users gain a more comprehensive and in-depth understanding of the core data related to project trading and fundamentals, providing strong assistance in industry research and trading clue mining. Additionally, RootData will launch a new phase of point incentive activities next week.

It is reported that RootData is a Web3 asset data platform that first encapsulates on-chain and off-chain data of Web3 assets, with higher data structuring and readability, aiming to become a productivity-level tool for Web3 enthusiasts and investors.

4. Ronin co-founder Jihoz's personal accounts hacked, emphasizes company operations and security unaffected
According to ChainCatcher, Jihoz, co-founder of the Ronin chain, announced that two of his personal addresses were attacked. Jihoz emphasized that this attack was limited to his personal accounts and was unrelated to the verification or operational activities of the Ronin chain.

Furthermore, the leaked keys have no connection to the operations of Sky Mavis. Jihoz assured the community that strict security measures have been set for all on-chain activities. (Source link)

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

1. “AW Frontier: The Ultimate Guide to Starknet Full-Chain Games”

Before we dive deep into Starknet games and their supporting infrastructure, let's first understand the background of Starknet as an L2.

Starknet is a zero-knowledge (zk) Rollup. It differs from other ZKRs like zkSync and Polygon zkEVM because it uses STARK instead of SNARK proofs and is not EVM compatible. Smart contracts on Starknet are written in Cairo, a Rust-based programming language.

For a detailed technical overview of Starknet, click here.

The lack of EVM compatibility can certainly cause some trouble at times. You cannot use traditional browser wallets, and there is no block explorer that can match the quality of Etherscan.

However, Starknet's unique properties also provide it with functionalities that make it very suitable for full-chain games.

2. “Sora Emerges, Could 2024 Be the Year of AI+Web3 Transformation?”

On February 16, OpenAI announced the latest text-controlled video generation diffusion model "Sora," showcasing another milestone moment for generative AI through high-quality generated videos covering a wide range of visual data types. Unlike AI video generation tools like Pika, which are still in the stage of generating a few seconds of video from multiple images, Sora achieves scalable video generation by training in the compressed latent space of video and images, breaking it down into spatiotemporal patches. Additionally, the model demonstrates the ability to simulate both the physical and digital worlds, with the final 60-second demo being aptly described as a "universal simulator of the physical world."

In terms of construction, Sora continues the technical path of the previous GPT model "source data-Transformer-Diffusion-emergence," which means its development also requires computing power as an engine. Moreover, the data volume required for video training is significantly larger than that for text training, further increasing the demand for computing power.

However, we have already discussed the importance of computing power in the AI era in our earlier article "Prospects of Potential Tracks: Decentralized Computing Power Market." With the recent surge in AI popularity, a large number of computing power projects have begun to emerge, and other Depin projects (storage, computing power, etc.) that benefit passively have also seen a wave of growth. So, apart from Depin, what other sparks can the intersection of Web3 and AI ignite? What opportunities lie within this track? The main purpose of this article is to update and complement previous articles and to consider what possibilities Web3 holds in the AI era.

3. “An Overview of the Crypto Lottery Track: A Perfect Fit for Web3 and DeFi?”

With the new round of Bitcoin halving narratives arriving in 2024, the market is waking up, with various sectors experiencing rotating increases. Apart from the BTC halving narrative, we still need to pay attention to opportunities brought by the Federal Reserve's interest rate cuts, Ethereum's Cancun upgrade, AI applications, re-staking, DePin, RWA, inscriptions, the European Cup, and other narrative heats. Therefore, the crypto market has also entered a tense and enthusiastic phase, full of FOMO. Today, we will explore the undervalued lottery track that combines Web3 and DeFi, seizing the huge opportunities and wealth effects in the new bull market.