IOSG: A picture shows the most outstanding NFT blockchain art platform with bright data
IOSG Weekly Brief | we compare the most promising NFT blockchain art platform, data highlight # 39
Source: IOSG Venture
NFT art platform data comparison & NBSP; & have spent
Even in a year when the NFT industry as a whole stagnated (2019), the development trend of the digital art market was still radical (the total growth exceeded 500%), which represented the increasing coverage of digital art. The high-end positioning of Super Rare platform artworks conforms to the logic of art collection, which ensures the quality of artworks to a large extent because of the high threshold for artists to enter. Even though The sales volume of Known Origin is close to that of its competitors, the substantial leading of Super Rare's turnover (10 times more than its competitors) proves the correctness of high-end brand positioning. Good community construction and regular high-quality digital art exhibitions have expanded the reach of digital art. Has gradually become the cornerstone and standard of the digital art industry. The art gallery in Super Rare chain has the functions of exhibition and auction of offline art galleries, etc., and through NFT solves the common problems of original works and authenticity of traditional art collections. The emergence of decentralized platforms also largely solves the problem of high gallery fees in the traditional art field, eliminating fixed fees such as site fees and appraisal fees, so that artists can obtain most of the value of their works and encourage their creation. Collectors and digital art lovers also have more convenient and inexpensive ways to participate in their collections and art appreciation. In the future, Super Rare will also add limit-time auction, VR display and other functions, launch mobile apps, provide multi-language and user recommendation services to increase the platform's traffic and influence.
What is the future of decentralised derivatives exchanges?
Source: DeFi Pulse
The entire DeFi ecosystem attracted a lot of capital attention in June-July 2020, with the Total Value Locked reaching $4.2 billion before completion. Although decentralized derivatives platforms have also benefited, the growth of derivatives exchanges is far from catching up with the explosive 278% rise in DeFi as a whole in two months. This reflects the fact that much of the capital has gone into the liquid mining boom, with the mentality of taking advantage. In the old DeFi world, the free and low-cost interaction between protocols was a big advantage over CeFi. But now the entire Ethereum network is clogged with liquid mining, making gas fees extremely high and volatile (at least $10-20 per transaction). Although for a large trader with a single transaction volume of more than $10,000, the current Gas fee is still within the acceptable range if the time return rate is more than 15%. Not so for retail investors, who can expect trading fees of about $2 per transaction, according to the ARPA survey. Hard to estimate the yield has also let the vast majority of retail investors away. This greatly limits the freedom of capital flows. & have spent & have spent
In addition, compared with centralized derivatives exchanges, decentralized exchanges also have many disadvantages that affect user experience, which can not be solved in a short time, such as lack of legal currency entry, complex operation, low liquidity, slow trading rate, etc.
Despite the fact that THERE may be a bubble at DeFi right now, even if it is sustainable, we do not believe that the product richness, design, functionality, and user friendliness of the decentralized derivatives exchanges at this stage are sufficient to retain users. So is now a decentralized derivatives exchange is still too early to tell if the spring, we expect to see you in the future your focus more on using the process simplified, update iterative expansion, innovation of the products, the robust decentralized derivatives exchange security advantage at the same time, make up their own weaknesses, and to create a strong core competitiveness.
Part.2 Industry pulse
UMA will start clearing incentives on July 31, which will provide the clearing robot with opportunities to make money on the chain
As UMA announced that it will launch the Liquidation Opportunity Program on July 31, Risk Labs will take an under-secured position to create an on-chain profit Opportunity of about $1,000 for any Liquidation robot. In addition, Risk Labs will offer UMA tokens to users who offer yUSD (Yield Dollar) liquidity in the yUSD/USDC pool in Balancer.
IOSG VC review:UMA's yUSD(Yield Dollar) was inspired by a project called the Yield Protocol, which appeared in September 2019. (The white paper is written by Paradigm analyst Dan Robinson and Yield PROJECT CEO Allan Niemerg.) yUSD is just a special form of Yield token. The yield dollar looks similar to the stability currency, but there are some important differences:
Expiration mode (perpetuity mode under development)
As the maturity date approaches, the price will approach $1
At maturity, a $1 mortgage can be redeemed at the exact date of maturity
Taken together, this income dollar represents a fixed rate, term loan
Balancer Labs has launched its first ecosystem Fund funding proposal, offering 100,000 BAL tokens
Balancer Labs has launched its first ecosystem fund Grant proposal to allocate 100,000 BAL ancer to projects and teams that are developing and contributing based on Balancer, with future funding likely to be smaller, around 50,000 BAL ancer.
Decentralization protocol dForce introduces Yield Markets to Yield Markets
Decentralisation protocol dForce announced the launch of a second core asset protocol, Yield Markets, following the decentralisation of the synthetic stabilisation currency USDx. Interest bearing market will be the first to support USDx, GOLDx, USDT, USDC, DAI. Users who deposit tokens in the interest earning market will automatically get the corresponding proportion of dToken (for example, if they deposit USDT, they will get dUSDT). Each dToken represents the underlying reserve token and its corresponding USDT. The money that the user deposits into the interest-bearing market will be allocated to different DeFi markets (including lending agreements, hybrid lending pools, high yield asset pools, etc.) in order to receive the highest risk-adjusted interest rate.
Aave will activate the liquidity pool in Bancor V2
Aave announced integration with Bancor, which will start the liquidity pool for NAtive-lend in the latter's upcoming V2 release. Once activated, the new Bancor V2 pool will allow LEND holders to provide liquidity and earn a portion of the transaction fees generated in the liquidity pool, while maintaining 100% of the LEND scrip exposure. Aave also releases the governance scrip economic model and will launch a new scrip Aave to replace the native scrip LEND. The key points are as follows: 1. The native scrip LEND of Aave will be migrated to the new scrip Aave at a ratio of 100:1 (merger).
The Numbers: OpenSea, an NFT trading marketplace, has more than 20,000 users and has averaged more than $1 million in monthly transactions this year
According to an article by Messari, a cryptocurrency data analysis platform, the total number of users on OpenSea, the NFT trading market, exceeded 20,000 in July.
Diginex, a Hong Kong-based blockchain service company, launched equos.io, a digital asset exchange, ahead of Q3's backdoor listing
The deal with Nasdaq-listed 8I Enterprises Acquisition Corp. is expected to close in the third quarter of 2020, Diginex said, and Equos. IO is expected to become the first DIGITal-asset exchange to list in the U.S. through a backdoor listing.
The total number of bitcoin anchored COINS in circulation on the Ethereum chain passed 20,000, up nearly 70 percent this month
According to Debank, the total number of bitcoin anchored COINS issued on the Ethereum chain has exceeded 20,000 so far, with a total lock-up of nearly $220 million. 20,086 bitcoin anchored COINS have been issued, up nearly 70% this month.
Curve.finance founder: With CRV scrip on the horizon, Curve's future business isn't limited to stable currency trading
In an interview with Coinstelegram CEO Anna Tutova, Michael Egorov, founder of Curve finance, said that preparation for the Curve project's native currency CRV is almost complete and will be available soon. Michael Egorov says the CRV will be a governance token that needs to be locked when voting. At the same time, it will be a highly flexible system where tokens can be used not only for fluid mining, but also to stimulate any ecologically beneficial behavior recognized by the Curve DAO (decentralized autonomous organization).
Part.3 Investment and financing events
CoinEx launches $50 million Eco-development fund, OneSwap's first investment
CoinEx, an exchange owned by The Microbit Group, announced the launch of a $50 million eco-expansion fund, with the first investment in OneSwap, a decentralized trading agreement.
Grayscale investment assets under management reached a record high of $5.1 billion
Grayscale Investments, a crypto-asset manager, now has more than $5.1 billion under management, a record high. Among them, the bitcoin Trust has $4.31 billion in assets under management, the Ethereum Trust is $581.7 million, and the Ethereum Classic Trust is $80.4 million.
TransferWise, a cross-border money transfer company, has raised $319 million at a post-investment valuation of $5 billion
TransferWise, the UK fintech company that provides cross-border remittances, has raised $319m in a deal that will value it at $5bn. The round was led by new investor D1 Capital Partners and existing investor Lone Pine Capital.
IOSG VC review:TransferWise started from providing more favorable foreign exchange remittance than traditional financial institutions, and now further provides multi-currency savings accounts and Debit Card, which directly compete with Banks, and set foot in a wider financial market.
KeeperDAO completed a seed round with participation from Polychain Capital and Three Arrows Capital
KeeperDAO is an on-chain liquidity underwriter jointly launched by distributed system developer Talo and digital asset management platform Amber Group. KeeperDAO encourages scrip holders to participate in liquidity pools through economic incentive strategies to coordinate clearing and rebalancing in application areas such as margin trading, lending and exchanges.
Part.4 Post-iosG project progress
Nervos Portal Wallet and Tocial have been announced as the first batch of approved projects for THEIR blockchain incubator CK Labs
Nervos announced the first batch of project members for its blockchain incubator CK Labs, which launched in May, including a new encrypted Wallet Portal Wallet and the blockchain social platform Tocial.
Bitfinex It plans to launch Lending Pro, a Lending management platform
Bitfinex, a cryptocurrency exchange, is expected to launch Lending Pro in early August, which USES automated technology to manage Lending products and funds according to users' wishes.
1 inch. Exchange Native notes will be introduced
1inch.Exchange, a decentralized aggregator trading tool, has announced the imminent introduction of a native Token 1inch Token. Figures show cumulative transactions on 1inch.Exchange topped $1bn, including $200m last week.
& have spent Zilliqa The NFT market of Mintable has been officially launched
Male Zilliqa chain project has officially launched Mintable NFT market and become a part of the P2P digital retail game, users can buy on Zilliqa block chain, sales and trading assets, and based on the contract Zilliqa security intelligence, buyers can more easily to verify the authenticity of the works of art and collectibles, through ZilPay payment, and immediately have to buy goods, without any middlemen.
MakerDAO
MakerDAO adds MANA as new mortgage asset
MakerDAO has implemented a new debt ceiling for four currencies, and the overall debt ceiling has been updated to 568 million DAI
The total number of Dai MakerDao stable currency has exceeded 300 million
Polkadot
The Poca public offering ended with 302,000 DOT sold and nearly 3,950 BTC raised
The Poca token DOT has confirmed that it will split 100 times and that the transfer function will open on August 18
Synthetix
The Synthetix Foundation announced its formal exit from management, and the protocol is now controlled by three DaOs
Synthetix deploys a Spica upgrade that will conduct a secondary test of using Ethereum as a collateral asset
Synthetix updates the assets and corresponding weights tracked by DeFi index token sDEFI in the Spica version
Avalanche Launched a decentralised NFT trading platform in partnership with PolyientGames
Ava Labs has announced a partnership with PolyientGames, an investment firm specializing in NFT and block chain games, to build a DEX platform exclusively for NFT trading. The new DEX will be built into the Polyient Games Marketplace, which will offer unique products, including exclusive NFT auctions and peer-to-peer NFT trading systems.
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