LianGuaiWeb3.0 Daily | a16z Plans to Raise Approximately $3.4 Billion for the Next Large Fund

LianGuaiWeb3.0 Daily | a16z Plans to Raise $3.4 Billion for its Next Big Fund

DeFi Data

1. Total DeFi Token Market Cap: $52.013 billion

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Data source: coingecko

2. Total Volume on Decentralized Exchanges in the Past 24 Hours: $4.173 billion

Data source: coingecko

3. Locked Assets in DeFi: $41.654 billion

Data source: defillama

NFT Data

1. Total NFT Market Cap: $17.646 billion

Data source: Coinmarketcap

2. 24-hour NFT Trading Volume: $1.976 billion

Data source: Coinmarketcap

3. Top NFTs in the Last 24 Hours

Top selling NFTs in the past 24 hours, data source: NFTGO

Headlines

Insider: a16z plans to raise approximately $3.4 billion for its next big fund

LianGuai reports, according to Axios, insiders revealed that Silicon Valley venture capital firm Andreessen Horowitz plans to raise about $3.4 billion for its next core early-stage and seed-stage fund. The report states that this financing will be slightly larger than previous rounds, as the company “plans to raise new funds for growth, encryption, and biology tools by 2025.” The report also states that a16z will require limited partners to invest through a new primary tool that will inject sub-funds (including tools specific to certain industries), and fundraising activities are expected to launch around the end of the year with a projected end date in the first half of 2024.

NFT/Digital Collectibles Highlights

1. Crypto wallet Phantom launches “Camera Mint”: supports minting Solana blockchain NFTs from mobile photos and videos

LianGuai reports, crypto wallet Phantom has announced the launch of “Camera Mint,” allowing users to mint and store NFTs through the Phantom wallet mobile app. It supports minting Solana blockchain NFTs by capturing photos or recording videos (currently up to 15 seconds) with their phones or uploading from the gallery. Once minted, users can use the NFTs in various ways, such as setting them as account avatars or sharing them with friends.

2. NFT series Mocaverse under Animoca Brands introduces “Realm Points” for domain integration

LianGuai reports, NFT series Mocaverse, under Animoca Brands, has officially unveiled “Realm Points,” which differ from MocaXP. Realm Points serve as proof of accumulation for user decentralized identities called Moca ID, aiming to showcase user activity, technical proficiency, and influence, unlocking exclusive real-world (IRL) and digital rewards. On the other hand, MocaXP serves as an incentive for staking Moca NFTs or participating in Odyssey.

3. Data: XRP Ledger NFT minting volume surpasses 3 million

LianGuai reports, according to data from blockchain analytics platform Bithomp, the minting volume of NFTs on the XRP Ledger has exceeded 3 million. As of now, there are 3,340,903 NFTs minted using the XLS-20 standard on the XRP Ledger, with over 30,000 holders and nearly 6,000 issuers on the platform. The number of NFT transfers has surpassed 1.4 million. As previously reported, in October 2022, XRP Ledger adopted the XLS-20 NFT standard and incorporated it into the core protocol. (U.today)

DeFi Highlights

1. SBI and UBS complete tokenized fund pilot on Ethereum network

LianGuai reports, SBI Digital Markets, a subsidiary of Japanese financial giant SBI Group, and UBS Asset Management have completed the issuance and distribution of tokenized Variable Capital Companies (VCC) funds on the Ethereum network under an authorized environment. This pilot is part of Singapore’s Monetary Authority of Singapore (MAS) Project Guardian, aimed at testing the feasibility of asset tokenization and decentralized financial applications. In the next phase, SBI Digital Markets aims to continue collaborating with participants in the Project Guardian ecosystem to explore possible commercialization models for tokenized funds.

2. Vitalik: Ethereum’s L2 projects are becoming more heterogeneous and will continue

LianGuai reported that Vitalik, the founder of Ethereum, published an article on his blog titled “Different types of layer 2s,” stating that the Ethereum layer 2 ecosystem has been rapidly expanding over the past year. The ZK-EVM rollup ecosystem, traditionally characterized by StarkNet, Arbitrum, Optimism, and Scroll, has made significant progress in enhancing security. One inevitable result is the trend towards increased heterogeneity in second-layer projects. This trend is expected to continue for the following reasons: 1. Some projects that are currently independent of Layer 1 are seeking closer integration with the Ethereum ecosystem and may become Layer 2. These projects may need to transition gradually. A full transition all at once would result in reduced usability because the technology is not yet ready to consolidate everything. 2. Some centralized projects want to provide users with more security guarantees and are exploring blockchain-based approaches to achieve this goal. In many cases, these projects would have explored “permissioned consortium chains” in previous eras. 3. Non-financial applications (such as games or social media) want to achieve decentralization but only require a moderate level of security.

3. The SSV Network’s “Incentivized Mainnet Program” proposal has started voting, with current support rate at 100%

October 31st news, the Snapshot voting interface shows that the SSV Network’s “Incentivized Mainnet Program” proposal has started voting, with a current support rate of 100%, and will end on November 7th. Earlier news, BenAffleck of SSV DAO initiated the “Incentivized Mainnet Program” proposal. The proposal suggests creating an incentive layer for the existing SSV mainnet, rewarding participants running on the SSV network in the upcoming year to promote the adoption of DVT and the growth of the SSV Network. In addition, if the proposal is approved, the DAO multisig committee will initially mint 200,000 SSV tokens to a new multisig wallet; the number of SSV tokens minted during the incentivized mainnet program will not exceed 1 million.

4. SaucerSwap v2 announces the launch of the test version on the testnet

LianGuai reported that DEX SaucerSwap v2 has announced the launch of the test version on the testnet.

5. Kyber Network’s limit order feature is now live

October 31st news, Kyber Network officially announced that its limit order feature has been launched, with an official announcement coming soon.

Disclaimer: LianGuai, as a blockchain information platform, provides articles for information reference only and does not constitute actual investment advice. Everyone should establish the correct investment concept and increase risk awareness.

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