LianGuaiWeb3.0 Daily | Tether buys Nvidia chips worth $420 million

Tether purchases $420 million worth of Nvidia chips.

DeFi Data

1. Total Market Cap of DeFi Tokens: $42.926 billion

• Hong Kong regulators intensify their investigation into JPEX trading platform.
• a16z interprets why it led the investment in the blockchain gaming company Proof of Play with $33 million
• Proof of Play CEO Why is On-Chain Gaming the Future of Game Development

DeFi Total Market Cap and Top Ten Tokens Source: coingecko

2. Trading Volume of Decentralized Exchanges in the Past 24 Hours: $3.531 billion

Trading Volume of Decentralized Exchanges in the Past 24 Hours Source: coingecko

3. Locked Assets in DeFi: $38.344 billion

Source: defillama

NFT Data

1. Total Market Cap of NFTs: $13.869 billion

Total Market Cap of NFTs and Top Ten Projects Source: Coinmarketcap

2. 24-hour NFT Trading Volume: $1.456 billion

24-hour NFT Trading Volume and Top Ten Projects Source: Coinmarketcap

3. Top Ten NFTs in the Past 24 Hours

Top Ten NFTs Sold in the Past 24 Hours Source: NFTGO

Headline

Tether Buys $420 Million Worth of Nvidia Chips and Plans to Rent Them to AI Startups

On September 21, Tether purchased 10,000 Nvidia H100 GPUs worth $420 million. This deal will give Bitcoin miner Northern Data a 20% stake and the plan is to rent these chips to AI startups.
Aroosh Thillainathan, CEO of Northern Data, said that this deal could make Northern Data the largest cloud GPU operator in Europe, excluding major cloud computing giants like Amazon, Microsoft Azure, and Oracle.

NFT/Digital Collectibles Hot Topics

1. MEKE Has Airdropped opBNB Genesis NFT Snapshot Address

According to official news, MEKE took a snapshot of opBNB Genesis NFT holders’ addresses on September 18 and airdropped MEKE to eligible addresses on September 21. This airdrop involved over 70,000 addresses, with a total of 12.5 million MEKE airdropped. Users can visit the MEKE official website, connect their wallets, and check if they have received the airdrop on the airdrop page.
The airdrop needs to be confirmed before the end of the MEKE public testing phase. After the public testing phase, unconfirmed MEKE will be destroyed. There are only 10 days left in the MEKE public testing phase.

2. Rolling Stone Magazine now claims that NFTs have no value, changing their viewpoint from when they promoted Bored Ape Yacht Club (BAYC)

LianGuai reports that mainstream media magazine Rolling Stone cited research from dappGambl about the “ever-changing landscape” of NFTs, claiming that NFTs have finally become completely worthless. The research found that over 95% of NFTs are owned by over 23 million investors and have absolutely no value.
Most comments on Reddit agree with this report, with some calling NFTs the worst thing to come out of cryptocurrency and others saying they have long been worthless. However, one community member believes that while they may be worthless now, they may change in the future, with some making a comeback and others skyrocketing by 1000% due to a bull market, causing people to go crazy again over pixel values worth millions.
On X (formerly Twitter), a community member shared a previous article promoting the Bored Ape Yacht Club (BAYC) NFT series from Rolling Stone Magazine, trying to emphasize that the media’s narrative has changed.
Meanwhile, another community member believes that a “reversal” is bound to happen when mainstream media shares content like this, while another community member supports this claim.

3. Paris Saint-Germain team gives away AI-generated NFT posters for free

LianGuai reports that the French football club Paris Saint-Germain (PSG) is collaborating with sponsor Crypto.com to launch matchday posters co-produced by artificial intelligence tools, which fans can collect as NFTs.
Artist Benjamin Benichou used generative artificial intelligence in the creative process to design this series of posters for PSG. Out of a total of 1,970 avatars, only 7 were selected to be released as an NFT series.
PSG will showcase these posters in seven matches of the new season, starting with the Ligue 1 match against Olympique de Marseille on September 24.

4. NFT marketplace LooksRare announces completion of its third LOOKS token buyback

LianGuai reports that NFT marketplace LooksRare has announced on social media that it has completed its third LOOKS token buyback, totaling 19 ETH (approximately $31,500), repurchasing a total of approximately 545,632.87 LOOKS tokens. LooksRare stated that the funds used for the buyback come from 50% of the net fees from YOLO and Raffle. Up to now, LooksRare has spent 52.5 ETH (approximately $87,000) on buybacks.

4. OKX NFT marketplace adds support for zkSync Era, Arbitrum One, and Optimism for creation

On September 21, according to official news, the OKX NFT marketplace has added support for zkSync Era, Arbitrum One, and Optimism for creation, bringing the total number of supported mainstream public chains to 7.

DeFi Highlights

1. Polygon Labs proposes using CDK to facilitate Celo’s transition to Ethereum Layer 2

LianGuai reports that Polygon Labs has provided the Celo community with a proposal to integrate its CDK suite for transitioning to Ethereum Layer 2. The proposal, written by Polygon co-founder Sandeep Nailwal, was presented on the Celo governance forum. This development toolkit allows developers to create ZK-driven L2s and enables the conversion of existing L1s to Ethereum L2.

2. Data: Linea Mainnet has received over 48,000 ETH

According to Dune data, Linea Mainnet has bridged over 48,201 ETH, with a total of 390,522 transactions and 264,978 interacting addresses.

3. Surge in Ethereum network gas fees may be due to Binance wallet consolidation

On September 21st, according to Etherscan data, gas fees on the Ethereum network briefly surged to 251 gwei, with Binance14 spending 223.29 ETH in the past 3 hours, ranking first on the Ethereum mainnet. The surge in gas fees may be attributed to Binance wallet consolidation.

4. Busan, South Korea, is developing an Ethereum-compatible blockchain network to become a blockchain city

According to LianGuai, Busan, South Korea, is developing a public blockchain network that is compatible with mainstream blockchain platforms such as Ethereum and Cosmos. The goal is to integrate services from various blockchain mainnets into a single platform at the city level and develop Busan into a blockchain city.

5. Chainlink co-founder: Connecting traditional banks with the DeFi market is one of Chainlink’s long-term goals

According to LianGuai, Chainlink co-founder Sergey Nazarov stated in an interview with Bloomberg that Chainlink’s proprietary Cross-Chain Interoperability Protocol (CCIP) will connect Web3 with traditional banks and financial networks, accelerating the development of the DeFi market. Connecting traditional banks with the DeFi market is one of Chainlink’s long-term goals.

Metaverse Highlights

1. Shanghai announces the first batch of 10 major achievements in metaverse application scenarios

According to LianGuai, the Shanghai Municipal Commission of Economy and Information Technology recently released the first batch of major achievements in metaverse application scenario construction in Shanghai. The list includes 10 achievements in fields such as intelligent manufacturing, cultural tourism, business operations, classroom education, and healthcare. Among them, Baosteel’s fully virtualized hot rolling factory, Oriental Pearl’s “Metaverse” Dynamic Pearl, Dayu Garden’s metaverse super scene, Digital “Yi Da,” Fudan University Affiliated Otolaryngology Hospital’s metaverse specialist hospital, and Qiantan East Sports metaverse have been included in the first batch list. (Shanghai Securities News)

Disclaimer: LianGuai, as a blockchain news platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish correct investment concepts and be sure to raise risk awareness.

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