Cryptoday 11.16 | Sonar has opened IDO whitelist registration, Pawnfi completes $3 million strategic financing round
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Cryptoday 11.16 | Sonar has opened IDO whitelist registration, Pawnfi completes $3 million strategic financing round
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Funding Movements
Copyright NFT Platform Euterpe Raises $3.6M in Seed Round Led by Fenbushi Capital
Euterpe, a copyright-focused NFT platform developed by a Stanford team, has announced the completion of a $3.6 million seed funding round. The round was led by Fenbushi Capital, with participation from LD Capital, Brightway Future Capital, and UpHonest Capital. Euterpe stated that the funds will be used for product development and market expansion. Notably, Euterpe’s whitepaper won the top award at this year’s Machine Lawyering Conference—the first blockchain project whitepaper published in an SSCI-indexed U.S. law review. The platform is currently collaborating with top-tier musicians and record labels, and its app beta version is set to launch soon.
Pawnfi, Non-Fungible Asset Liquidity Protocol, Completes $3M Strategic Funding Round
Pawnfi, a liquidity protocol for non-fungible assets, has announced the completion of a $3 million strategic funding round. The round was led by Digital Currency Group, parent company of Grayscale, with additional investments from Animoca Brands, Dapper Labs, Polygon, DeFi Alliance, Hashkey Capital, Everest Venture Group, SNZ, and 6Block.
NFT Startup Guardian Link Raises $12M in Series A Round Led by Kalaari Capital
Guardian Link, a startup building a technical framework for the NFT ecosystem, has completed a $12 million Series A funding round led by Kalaari Capital and a group of private investors. The new capital will be used to expand design labs in Singapore and Japan, enhancing the brand’s creative development capabilities and strengthening its curatorial NFT infrastructure. Since launching its NFT marketplace framework in 2020, Guardian Link has supported over 40 global NFT marketplaces. Its Marketplace Cloud, powered by Anti.Rip technology, prevents unauthorized duplication of NFTs.
DeFi
Firebird Finance Launches Swap V2 on High-Performance Blockchain IoTeX
DeFi project Firebird Finance has launched its Swap V2 on the high-performance public blockchain IoTeX. Firebird Swap V2 is a multi-chain AMM-based DEX aggregator that enables publicly accessible on-chain liquidity pools for various tokens and allows users to swap any token across multiple DEXs at optimal rates. Firebird Finance now supports four new public chains: Avalanche, IoTeX, Fantom, and Solana. Founded in 2017 as a Silicon Valley open-source initiative, IoTeX aims to bridge the physical and digital worlds and is a high-performance Ethereum-compatible public blockchain.
Sonar, Solana-Based Asset Management Protocol, Opens IDO Whitelist Registration
Sonar, an asset management protocol on Solana, will conduct its IDO on Solanium and has opened whitelist registration. Details are as follows: 1. Whitelist registration opens at 8:00 PM on November 16; 2. On November 19, users can participate in a lottery and purchase $SONAR; 3. Tokens can be withdrawn starting November 22.
NFT/GameFi
Former NBA legend Tracy McGrady officially announces collaboration with Arche Network to launch NFTs capturing his "iconic moments"
Tracy McGrady, former NBA superstar, has officially announced an NFT collection in partnership with Arche Network, commemorating his legendary basketball career highlights. The debut NFT drop will feature mystery box sales and individual item auctions. Fans can obtain video NFTs of "McGrady Moments" or career highlights from mystery boxes, and after the box sale concludes, they can bid on the full 35-point-in-35-seconds game video NFT. The mystery box series will launch on Binance NFT on November 19, 2021.
ArcheNetwork Partners with NFT Game Incubator Starpunk to Accelerate NFT Game Development
Decentralized crypto asset platform ArcheNetwork has partnered with NFT gaming incubator Starpunk to support early-stage NFT game startups and accelerate market entry for new NFT/blockchain games through a "Play-to-Earn" model. Starpunk combines game incubation, cloud solutions, and launch ecosystems to empower developers, token buyers, and players in building blockchain-based economies. Through its game launch platform, Starpunk brings new NFT games to market and supports its incubated projects in launching white-label NFT marketplaces—where game studios only need to integrate an SDK and upload asset details via a backend interface to deploy their own in-game NFT marketplace.
Others
L2 Infrastructure Protocol Metis to Launch Mainnet on November 19
According to official announcements, L2 infrastructure protocol Metis will launch the first version (Andromeda) of its L2 mainnet at 23:00 Beijing time on November 19. Metis previously announced it will simultaneously launch a $100 million ecosystem fund, introduced by decentralized autonomous company Genesi in collaboration with Metis and its investor partners. The fund will support projects across verticals including DeFi, gaming, and DAOs.
Blockchain Domain Service Unstoppable Domains Adds Support for Polygon Network, Enables Free Domain Minting
Blockchain domain service Unstoppable Domains now supports the Polygon network, allowing users to mint NFT domains for free on Polygon. Minting, purchasing, and updating NFT domains on Polygon incur no minting fees, gas fees, or renewal costs. Additionally, domain management on Polygon is set to roll out in the coming weeks, enabling users to configure their personally minted domains across multiple wallets. Cross-chain bridging between Ethereum and Polygon domains will also be supported.
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