Cryptoday 11.25 | SportsIcon raises $5.5M in seed funding, with participation from Dapper Labs and others
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Cryptoday 11.25 | SportsIcon raises $5.5M in seed funding, with participation from Dapper Labs and others
People often think the preparation phase is a waste of time, only realizing they've wasted time when real opportunities arise and they lack the ability to seize them.
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Cryptoday is a daily news column under TechFlow. We don't focus on "news"—we focus only on asset movements.
People often think preparation is a waste of time, only realizing they wasted time when real opportunities come and they lack the ability to seize them.
——Romain Rolland
Funding Updates:
SportsIcon raises $5.5M in seed funding, with participation from Dapper Labs and others
On November 25, NFT sports platform SportsIcon announced it has completed a $5.5 million seed round. Investors include Dapper Labs, AU21 Capital, Vinny Lingham, Elefund VC, Fourth Revolution Capital, Vendetta Capital, FishDao, and Techstars.
Celsius Network increases B-round funding target to $750M, now oversubscribed
On November 25, crypto lending platform Celsius Network announced its Series B fundraising amount has increased to $750 million and is now oversubscribed. The new capital will be used to expand product offerings, enter new markets, and further bridge centralized finance with DeFi through its new project CelsiusX. Additionally, Celsius will enhance platform utility for its supportive community users and advance sustainable Bitcoin mining. Earlier reports indicated that in October, Celsius raised $400 million in funding led by WestCap and CDPQ, achieving a valuation exceeding $3 billion.
DeFi
Decentralized lending protocol Scream launches TUSD lending market
The latest update reveals that decentralized lending protocol Scream has launched TUSD lending. Users can earn rewards in both TUSD and Scream’s native token SCREAM by depositing or borrowing TUSD. Scream is a decentralized lending application built on Fantom, offering users a peer-to-peer lending solution. TrueUSD, a dollar-pegged digital asset independently verified by third parties and subject to real-time on-chain audits, is now listed on over 100 exchanges including Binance, Huobi, and Poloniex, and deployed across multiple blockchains such as TRON, Avalanche, BSC, and HECO, actively participating in various DeFi ecosystems. TrueUSD undergoes continuous auditing by Armanino, the largest U.S. accounting firm, ensuring a 1:1 reserve ratio and full collateralization.
NFT/GameFi
New Origin to launch first batch of game NFTs soon
According to official announcements, New Origin will launch its first batch of game NFTs between December and January. Integrating NFTs and the metaverse, New Origin aims to build a decentralized online virtual reality gaming platform. All revenue generated will be distributed in the form of NOC, the game's native token, which is already listed on PancakeSwap. Recently, New Origin has been added to platforms like CoinMarketCap and CoinGecko.
NFL to launch NFT marketplace NFL All Day on Flow blockchain
On November 25, the National Football League (NFL) announced plans to launch an NFT marketplace called NFL All Day on the Flow blockchain. While NFL All Day isn’t fully live yet, its waitlist website has been updated. Similar to NBA Top Shot, users will be able to purchase randomized Moments packs, each with varying degrees of rarity.
Others
Developer DAO plans to launch governance token CODE in December
On November 25, Developer DAO founder Nader Dabit stated that the organization is finalizing contracts for its new governance token, tentatively named CODE, with plans to officially launch it between mid-December and early January. Related proposals will be submitted in the coming days, followed by final voting. Notably, Developer DAO recently appointed Cooper Turley as an advisor and will soon welcome Preethi Kasireddy as a new advisor. The organization also plans to initiate sponsorship and recruitment programs, refine its DAO structure, and launch future initiatives including an incubator and NFT projects.
Decentralized data indexing tool SubQuery to go live on Acala
On November 25, SubQuery announced that the SubQuery Network will launch on Acala’s parachain. SubQuery and its SQT token aim to become the first external application and token deployed on Acala. A key factor behind this decision is Acala’s upcoming EVM+ release. By launching on an EVM-compatible chain, SubQuery will seamlessly allow investors from the Ethereum ecosystem to participate in the Token Generation Event (TGE) using MetaMask. With Acala’s EVM+, users can even link their Ethereum addresses to their Polkadot addresses, eliminating the need to manage multiple accounts.
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