Select observations of the day:
Optimism finally airdropped OP governance tokens to 249K wallets. The network’s performance was temporarily reduced after launching, leaving users unable to claim tokens due to high demand while some tokens were claimed early by tech savvy users ahead of the official announcement - source - 2nd
Controversial Optimism governance proposal: users who sold the initial OP airdrop should become ineligible for all future airdrops and make a public list of accounts that engage in this behavior, so that other projects and DAOs can also choose to borrow from - source
The government of South Korea will start investing in metaverse projects directly. $177M to be invested to kickstart national jobs and companies in this field - source
Binance Labs $500M fund to support projects across various stages: incubation, early-stage and late-stage growth to drive innovation across the crypto, Web3 and blockchain landscape - source
There were 169 open investment projects of crypto VC in May. Total funding was $4.219B, down 38.2% from April 2022 ($6.829B) and up 97.8% from May 2021 ($2.233B) - source
Plus more. OP token price is having a ruff start. First impressions are important. Interesting to see the effort being taken to exclude airdrop farmers and token dumpers.
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Chain News:
Velodrome, central trading and liquidity marketplace on Optimism, delayed launch due to Optimism launch issues. Moving the start of full emissions to June. Coming soon - source - 2nd
Bitcoin closes red in May, worst start of the year since 2018 with a YTD performance of -31.5% - source
KuCoin launches decentralized wallet, will integrate Windvane, a one-stop NFT marketplace, to enable users to buy, store, and view their NFT collections directly within their wallet - source
Zcash Network Upgrade 5 introduces new features like automatic shielding and unified addresses. Shifting to the Halo proving system, facilitating trustless digital cash payments on mobile phones - source
Layer 2 side chain Polygon is requiring extensive KYC details to provide funding, investments, grants or financial support to potential partners in India as regulatory scrutiny - source
Terra Validator Leaks Secret Luna ‘War Room’ Chat Logs until the event that lead to the launch of Luna 2.0 - source
Pirex Mainnet Launch - Enter Pirex and pxCVX. Pirex is a platform by Redacted Cartel which creates futures marketplaces for yield generating tokens - source
Coinbase Cloud supports client diversity on Ethereum by distributing validators across Lighthouse and Prysm - source
Mirror Protocol - REKT.news breakdown of 2 exploits, the larger of which wasn’t even noticed at first - source
Waves Enterprise goes open source and launches DAO. Council will include three companies with vast experience in blockchain: Waves Labs, Waves Association, and Tokenomika - source
Atocha Protocol Mainnet Launch, part of the appchain hosted on Octopus Relay (side chain of Near Protocol. Welcoming Validators and Delegators - source
Hydra Ventures whitepaper: A community run investment DAO (fund of funds) that looks to invest, incubate a whole ecosystem of investment DAOs - source
Zerion Wallet launches with full support for Fantom - source
Oasis Bloom Hackathon 2022 winners: challenged developers to build a DeFi or P2E Gaming Dapp on the Oasis Emerald, EVM Compatible ParaTime - source
ConsenSys partnership between Infura, its leading blockchain development platform, and the NEAR Protocol. Strategic shift toward being a key connector in a multi-chain ecosystem - source
Metaverse News:
Deca - revealing the art experiment, “Right Click Share” by XCOPYART & Deca - source
Sky Mavis, the indie studio behind Axie Infinity, announced the first 12 projects joining its Builders Program. Chosen teams will receive a minimum $10,000 grant in AXS tokens to fund their projects, exclusive access to tech integrations, team guidance and more - source
Gary Vaynerchuk Files Trademark for ‘Vayner3’ NFT Consulting Arm to offer “technical consulting in the field of non-fungible tokens, cryptocurrencies and other metaverse and Web 3 activities and assets,” - source
News:
Goldman Sachs is eyeing a Derivatives Trading Deal with Crypto Exchange FTX - source
CoinShares Took $21M loss From UST Crash. CoinShares doesn’t take directional positions and wasn’t directly exposed to LUNA but was running a book with exposure to UST - source
PoolTogether raises 471 ETH with NFTs to fund legal defense against a putative class action lawsuit for allegedly operating an illegal lottery in New York. Lawsuit led by the former technology lead for Senator Elizabeth Warren’s 2020 presidential campaign - source
Raises:
Binance Labs latest $500M fund to support projects across various stages: incubation, early-stage and late-stage growth to drive innovation across the crypto, Web3 and blockchain landscape - source
Aptos Labs revealed they received an investment from PayPal ventures as part of their recent $200M funding round - source
Blockchain infrastructure provider InfStones has raised $66M in a new funding round led by SoftBank Vision Fund 2 and GGV Capital - source
Utopia Labs, an operating system for DAOs, has closed a $23M Series A round led by Paradigm - source
Game developer Akatsuki has raised a $20M fund, Emoote, focused on investing in web3 projects - source
Dework, looking to bridge the gap between DAOs and potential contributors, raised a $5M seed round led by Paradigm and Pace Capital - source
Liminal, a wallet architecture company focusing on the safe custody of digital assets, raises $4.7M - source
Pseudonymity startup Big Whale Labs raises $3.8M seed round - source
Digital Asset Liquidity Innovator Tritum raises $1.1M Seed Round - source
New Listings:
Binance Futures will launch USDT-margined OP perpetual contracts with up to 25x leverage - source
Optimism (OP) gets listed on Coinbase, Binance, KuCoin, FTX, OKX, MEXC, Huobi, Gate. OP trading is already live on most of the platforms
Everscale (EVER) Gets Listed on KuCoin on June 1st - source
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