ChainCatcher news, according to CoinDesk, the Web3-based fantasy sports platform Sorare has been sued in the UK for providing unlicensed gambling facilities.This is the first time the UK Gambling Commission has taken action against a blockchain platform. Sorare, headquartered in Saint-Mande, France, operates fantasy games for football, basketball, and baseball, where users buy and trade cards through NFTs. The company has partnered with several sports associations, including the Premier League and Bundesliga.The Commission stated that Sorare does not hold a gambling operating license and must appear in Birmingham Magistrates' Court on October 4. Sorare denies the allegations, claiming that its platform does not fall under gambling products.

ChainCatcher news, according to Protos, the Web3 football game Sorare has been accused by the UK Gambling Commission of operating without a license.The Commission stated today: "Sorare is accused of providing gambling facilities without holding an operating license, which violates the Gambling Act 2005. A court hearing is scheduled for October 4."The company disputes the accusation, claiming that the law is being misapplied. Sorare stated: "The Commission has misunderstood our business and incorrectly believes that gambling laws apply to Sorare. We firmly deny any claims that Sorare is a gambling product under UK law."It is reported that Sorare is a football fantasy league game utilizing the Ethereum blockchain, allowing players to trade football cards.

ChainCatcher news, Animoca Brands Japan announced on social media that it has launched its NFT trading platform SORAH.

ChainCatcher news, according to Cointelegraph, the interoperability protocol Stripchain has completed a $10 million financing round, led by Sora Ventures, with participation from Hyperithm, Shima Capital, Hypersphere, Mechanism, and Ascensive Assets.It is reported that the startup allows developers to create commands called "intents" to perform operations such as transferring data between blockchains. Based on a system called stripVM, it will enable applications to communicate and coordinate with different protocols.Additionally, the main distinction of this solution from other interoperability protocols lies in its focus on the transaction layer and the use of a proof-of-permission system. Early interoperability solutions targeted the protocol layer (e.g., Cosmos's Inter-Blockchain Communication protocol) or the contract layer through bridging, while Stripchain facilitates data transfer at the user layer.

ChainCatcher news, according to official sources, the rune analysis infrastructure protocol SatScreener has completed a $500,000 Pre-Seed funding round, which was led by Sora Ventures.

ChainCatcher news, according to The Block, the Bitcoin Ordinals browser Ord.io has announced the completion of a $2 million Pre-seed funding round, led by Bitcoin Frontier Fund and Sora Ventures, with participation from Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, Rubik Ventures, VitalTao Capital, Antalpha Ventures, Kommune Fund, Edessa Capital, PetRock Capital, PG Capital, Shake and Bake Productions, Re7 Capital, and Balaji Fund.It is reported that the new funds will be used to help expand the platform and support Runes. The platform allows users to search, browse, and interact with Ordinals inscriptions on the Bitcoin blockchain, and plans to use the new funding to expand support for the upcoming Runes protocol, which is a new alternative token standard for Bitcoin launching at the time of the halving.

ChainCatcher news, according to CryptoSlate, venture capital firm Sora Ventures, focused on the Bitcoin ecosystem, announced the launch of the Runes Liquid Fund and completed a $3 million fundraising, with participation from Bankless Ventures, SpaceshipDAO, Bitcoin Magazine, and Serafund.It is reported that the fund will focus on investing in liquid assets on the Runes protocol.

ChainCatcher news, according to TechCrunch, Web3 sports company Sorare has laid off 22 employees in its New York office (about 13% of the total workforce) and plans to move certain teams to the company's headquarters in Paris to improve communication and efficiency. An additional 11 employees in the New York office have been asked to relocate to Paris.Sorare co-founder and CEO Nicolas Julia stated that the company will fill most of the laid-off positions in Paris and plans to hire more than 20 positions in the next six months.

ChainCatcher news, monitored by The Data Nerd, reports that wallet 0xD3 used Banana Gun to snipe SORA and earned approximately $171,000.5 days ago, he accumulated 16 million SORA using only 0.05 ETH ($180) and sold 13.4 million tokens (worth $128,000). He currently still holds 2.6 million SORA (approximately $43,000).

ChainCatcher message, according to Lookonchain monitoring, a certain address purchased 0.049 ETH (approximately 137 USD) of SORA the day before yesterday, with a total profit of about 176,000 USD, yielding 1280 times.

ChianCatcher news, Dmail Network posted to congratulate Sora's launch and announced Dmail's product plans regarding AI. As Dmail's AI products continue to develop, more and more users, developers, marketers, and KOLs are starting to use Dmail's distributed basic communication infrastructure and AI Agent services based on AI. This tweet has received official support from WorldCoin.

ChainCatcher news, OpenAI has launched a model named Sora that can instantly generate short videos based on text instructions.The investment strategy research report believes that OpenAI's innovations at the training and input ends have contributed to Sora's success. Currently, some visual artists, designers, and filmmakers (as well as OpenAI employees) have gained access to Sora, and it is expected that as the technology matures further, it will be rolled out to all users.Although OpenAI states that Sora still has weaknesses, such as difficulty accurately simulating physical phenomena in complex scenes and potentially misunderstanding specific causal relationships, the results currently displayed show that Sora is significantly ahead of other text-to-video models, pushing AI video generation into a whole new era.

ChainCatcher news, Arkham monitoring data shows that OpenAI released an AI product called Sora yesterday that can convert text to video. As a result of this news, 23 tokens containing the word "Sora" were launched on Uniswap yesterday, among which an address starting with 0xD3c bought $160 of the early named meme coin and made a profit of $150,000. This address has currently sold tokens worth $110,000 and still holds about $40,000.Arkham stated that the reason 0xD3c was able to achieve such a high return on investment is that he maintained most of his position for at least 12 hours, surpassing most other participants.