LianGuaiWeb3.0 Daily | Yuga Labs Restructuring Completed

LianGuaiWeb3.0 Daily | Yuga Labs Successfully Completes Restructuring Process

DeFi Data

1. Total market capitalization of DeFi tokens: $43.355 billion

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DeFi total market capitalization and top ten tokens data source: coingecko

2. Trading volume on decentralized exchanges in the past 24 hours: $3.338 billion

Trading volume on decentralized exchanges in the past 24 hours data source: coingecko

3. Locked assets in DeFi: $37.058 billion

Data source: defillama

NFT Data

1. Total market value of NFT: $13.931 billion

Total market value of NFT and top ten projects in terms of market value data source: Coinmarketcap

2. NFT trading volume in the past 24 hours: $1.331 billion

NFT trading volume in the past 24 hours and top ten projects in terms of trading volume data source: Coinmarketcap

3. Top NFTs in the past 24 hours

Top 10 NFT sales in the past 24 hours, data source: NFTGO

Headlines

Yuga Labs restructuring completed, future focus on Otherside development

LianGuai report, Yuga Labs CEO Daniel Alegre announced today that the company’s restructuring has been completed and the team will focus on developing their metaverse extension Otherside while supporting the existing community.

NFT/Digital Collectibles Highlights

1. British Museum announces plan to digitize entire collection

LianGuai report, the British Museum has announced its plan to digitize its entire collection.

2. Prime Minister of the Bahamas requested advice from SBF regarding NFT project for his son

LianGuai report, according to an email submitted as evidence by the prosecutor on Tuesday, Bahamian Prime Minister Philip Davis requested advice from SBF regarding an NFT project for his son, two months before the collapse of FTX. Internal emails show that in response, SBF sent his phone number and offered to be contacted via phone or Zoom. The request made by the Bahamian Prime Minister in September 2022 to Bankman-Fried highlights a close relationship between FTX exchange and Bahamian officials. The government of the Bahamas has faced criticism for its lenient regulation of cryptocurrency companies, with the Bahamian Securities Commission allowing FTX to operate without a license for over two years.

3. NFT series “Winds of Yawanawa” generated a trading volume of $3.9 million in the past week

LianGuai report, according to data from OpenSea, Refik Anadol’s latest digital art collection “Winds of Yawanawa” generated a sales volume of $3.9 million (2,493 ETH) in the past week. On Tuesday, one of the artworks from Winds of Yawanawa was sold for approximately $26,000, with the floor price of the series being around $18,300. punk9059, the research director of Proof Collective (an organization supporting blockchain art), posted that Winds of Yawanawa traded 451 ETH on OpenSea yesterday, accounting for about 25% of the total ETH trading volume on OpenSea.

DeFi Highlights

1. Oak Grove Ventures strategically invests in Web3 asset cross-chain protocol TeleportDAO

October 18th news, Oak Grove Ventures disclosed a strategic investment in Web3 asset cross-chain protocol TeleportDAO, and their collaboration will further simplify cross-chain operations. Previously reported, cross-chain infrastructure TeleportDAO announced the completion of a $2.5 million seed round, with AppWorks and DefinanceX leading the investment.

2. Public chain project Shardeum’s whitepaper to be released on November 8th

October 18th news, Nischal Shetty, co-founder of WazirX, stated in a post on the X platform that Shardeum’s whitepaper will be released by Omar Syed, the project’s technical co-founder, on November 8th. Previously, Shardeum completed a $18.2 million seed round in October last year and a strategic financing of $5.4 million in July this year.

3. Ethereum Client Nimbus V23.10.0 Version Released

October 18th News, Ethereum client Nimbus announced on the X platform that the V23.10.0 version has been released. This is a low-priority upgrade focused on stability and performance improvements, with the performance improvements having the greatest impact on networks with a large number of validators, such as the Holešky testnet.

4. DeFi project Origin proposes a snapshot proposal to repurchase OGV on the open market using 50% of OETH fees

October 18th News, DeFi project Origin Protocol announced that the community has proposed a snapshot proposal to repurchase OGV on the open market using 50% of OETH fees. The proposal suggests that the remaining protocol fees will continue to be used to accumulate flywheel tokens held by the DAO, such as CVX.

5. Binance to support Kadena (KDA) network upgrade and hard fork

October 18th News, according to an official announcement, Binance will support the Kadena (KDA) network upgrade and hard fork. Kadena will undergo a network upgrade and hard fork at block height 4,177,889 (estimated to be 08:00 on October 20, 2023, GMT+8); Binance is expected to temporarily suspend token deposits and withdrawals for the aforementioned network at 07:00 on October 19, 2023, GMT+8. Users can continue to trade the supported tokens on the aforementioned network.

Metaverse Hotspots

1. Ministry of Industry and Information Technology: Strengthen the coordinated deployment of general artificial intelligence, metaverse, and other cutting-edge technologies with industrial internet

LianGuai reported that the 2023 Global Industrial Internet Conference opened in Shenyang, Liaoning Province. Xu Xiaolan, Deputy Minister of Industry and Information Technology, attended the opening ceremony and delivered a speech. Xu Xiaolan stated that the Ministry of Industry and Information Technology will encourage enterprises to accelerate the research and development of new network technologies, innovate identification and resolution application scenarios, and enhance intelligent computing power supply. Strengthen collaborative research and development of software and hardware, coordinate the deployment of general artificial intelligence, metaverse, and other cutting-edge technologies with industrial internet, and promote the application and iteration of technology and products. Adhere to the principle of “scenario-driven, application-oriented,” use industrial internet to carry out comprehensive, full-chain, and deep-level digital transformation, and accelerate the upgrading process of traditional industries. (eCompany)

Disclaimer: LianGuai, as a blockchain information platform, the articles published are for informational reference only and should not be taken as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.

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