Incuba Alpha · 35

ZK trading platform Vessel completed a $10 million seed round, and Sequoia Capital and others participated

According to the news, ZK order book trading platform Vessel completed a $10 million seed round, and Sequoia Capital and Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a group of angel investors participated. The funding in this round will be used to: combine CEX efficiency with DEX transparency, improve liquidity efficiency, and develop advanced ZKP solutions for DeFi.

744d agoburnking#Vessel #financing

Decentralized AI technology platform Redpill closes $5 million seed round to democratize AI

Comparing news, the decentralized AI technology platform Redpill has completed a $5 million seed round. Redpill, formerly known as Cyphermod, is an SDK for metaverse AI development, which has now changed its name to harness the transformative potential of combining AI and blockchain technology. Led by Animoca Venture and DFG, other prominent players include Jsquare, Hypersphere, IOSG Ventures, Outlier Venture, PAKA, Sanctor Capital, TKX Capital, Gate.io Venture, LD Capital, Incuba Alpha, and MEXC. Industry celebrities include Gavin Wood, co-founder of Ethereum and Polkadot, and Derek Yoo, founder of Moonbeam. The platform is preparing for full launch in 2024 and is expected to bring more innovation to artificial intelligence and blockchain integration.

759d agoWendy#AI #Animoca Venture #DFG #Gate.io Venture #Hypersphere #Incuba Alpha #IOSG Ventures #Jsquare #LD Capital #Outlier Venture #Paka #Redpill #Sanctor Capital #TKX Capital

Cryptocurrency trading platform OMTrade closes $6 million seed round

According to Business Insider, the cryptocurrency trading platform OMTrade recently completed a $6 million seed round, led by Find Satoshi Lab, Folius Ventures, and Incuba Alpha, with investors such as KSK Fund participating. OMTrade is currently undergoing alpha testing, and its core team consists of 30 serial entrepreneurs under the age of 30 from Forbes, full-stack developers who have led more than 20 DeFi/NFT projects, and the chief architect of the futures trading division of the top 5 global trading platforms.

1006d agokitten4btnews#OMtrade #financing

Deciphering the Different Chinese-Language Crypto Market: Real User Research, Chinese-Language VC Inventory

Publisher: TechFlow Deep Dive Article: 0xmin & Zolo & Min L Do you know the real Chinese-language crypto market? When the Chinese Coin and the Hong Kong concept came to the forefront, the Chinese-speaking market undoubtedly once again attracted widespread attention. Once upon a time, agencies/projects were still hesitating about whether to expand the Chinese-speaking market, and in the recent impact of the Hong Kong concept, they have also witnessed the strength of the Chinese language market that should not be underestimated. Compared to scattered analysis and second-hand information, we have direct communication with many partners, and based on TechFlow's long-term deep cultivation and insight in the Chinese-speaking market, we present comprehensive and interesting report content from the perspective of the market environment, user portraits, VC, and communication, and uncover unknown insider information. Whether you are an organization, project party, or individual, I hope this section of the report will help you quickly establish your understanding of the Chinese-language crypto market and help you expand your ecosystem. Thanks to Min L, co-author of this issue, market strategy director for the top ten global exchanges, ten years of experience in the global market, and co-founder of FAB DAO. *This article is an excerpt from the Chinese-language market section of the “Asia Pacific Web3 Truth” report produced by TechFlow. 1. Overview of the Chinese-language crypto market The largest in the Asia-Pacific market is the Chinese-speaking market. Its definition generally refers to all places with Chinese people, such as mainland China, Hong Kong, Taiwan, Singapore, Thailand, and Malaysia. According to the China Investment Network survey report, in addition to China, the 6 countries with the most Chinese are: Indonesia, number of Chinese: over 10 million Malaysia, number of Chinese: about 10 million Malaysia, number of Chinese: 7.4 million US, number of Chinese: 5.08 million Singapore, number of Chinese: 2.98 million Canada, number of Chinese: 1.77 million. Different encryption policies in various regions have also brought about different cryptographic user profiles. In September 2017, the People's Bank of China and other regulators announced a ban on ICOs and a notice to close cryptocurrency exchanges. In May 2021, the relevant regulators issued another notice to crack down on Bitcoin mining and trading. At this point, exchanges, project parties, miners, and users have all begun to go overseas. However, Chinese-speaking users are only migrating; they haven't actually disappeared. According to Triple A's data estimates, the global cryptocurrency ownership rate will average 4.2% by 2023 (including non-on-chain users). Among them, if only the Chinese-speaking regions are calculated: Mainland China 19.9 million, Hong Kong 0.18 million, Singapore 0.64 million, and Taiwan 0.54 million, the number of crypto users is 21.26 million. However, if this data includes the proportion of Chinese people in Indonesia, Thailand, Malaysia, the US, and Canada, it can be roughly calculated that the number of users that can radiate Chinese-language content is at least 23.57 million. (The calculation formula is crypto users in the region* (total number of Chinese speaking users in the region/total number of users in the region)) The concept we have always emphasized is the Chinese-speaking market, not the mainland China market. In addition to mainland China, there are still a large number of Chinese in Hong Kong, Taiwan, Singapore, Malaysia, North America, and Europe, and this group also has strong purchasing power. For any aspiring entrepreneur, you can say that you don't pay attention to the Chinese market due to policy or other reasons, but you can't ignore the Chinese market. Hong Kong is a bridgehead connecting the global Chinese market. At the same time, Taiwan is also a place we need to pay great attention to. Even if many projects want to enter the Chinese-speaking market, they will first use the Taiwanese market as a testing ground. Taiwan has decades of infrastructure and stable economic development, and an industrial structure with many small and medium-sized enterprises, which enabled the Taiwanese market to move towards a well-off and well-off society in the 1960s. Most post-80s Taiwanese have not experienced a life of “suffering to the point where they have nothing to eat.” Compared to the widening gap in the mainland economy and the rigidity of social classes in Japan, South Korea, and Hong Kong, the average salary of Taiwanese can at least meet basic needs. Therefore, Taiwanese users are more likely to “continue to accumulate assets” rather than become rich all at once. Therefore, long-term projects (such as lending, regular investment and financial management, DeFi strategies) and easy-to-understand trading products (such as grid trading, copy trading) will be more popular among Taiwanese users because they can steadily accumulate assets. On November 14, 2022, the FTX incident broke out, and the world's second-largest exchange went out of business...

1179d ago深潮TechFlow#Deep Tide TechFlow

Deciphering the Different Chinese-Language Crypto Market: Real User Research, Chinese-Language VC Inventory

Chinese-speaking users are just migrating; they haven't really disappeared. Do you know the real Chinese-language crypto market? When the Chinese Coin and the Hong Kong concept came to the forefront, the Chinese-speaking market undoubtedly once again attracted widespread attention. Once upon a time, the agencies/projects that were still hesitant about whether to expand the Chinese-speaking market have also seen the strength of the Chinese language market not to be underestimated in the recent impact of the Hong Kong concept. Compared to scattered analysis and second-hand information, we have direct communication with many partners, and based on TechFlow's long-term deep cultivation and insight in the Chinese-speaking market, we present comprehensive and interesting report content from the perspective of the market environment, user portraits, VC, and communication, and uncover unknown insider information. Whether you are an organization, project party, or individual, I hope this section of the report will help you quickly establish your understanding of the Chinese-language crypto market and help you expand your ecosystem. Thanks to Min L, co-author of this issue, market strategy director for the top ten global exchanges, ten years of experience in the global market, and co-founder of FAB DAO. * This article is an excerpt from the Chinese-language market section of the “Asia Pacific Web3 Truth” report produced by TechFlow. 1. Overview of the Chinese-language crypto market The largest in the Asia-Pacific market is the Chinese-speaking market. Its definition generally refers to all places with Chinese people, such as mainland China, Hong Kong, Taiwan, Singapore, Thailand, and Malaysia. According to the China Investment Network survey report, in addition to China, the 6 countries with the most Chinese are: Indonesia, number of Chinese: over 10 million, number of Chinese: over 10 million Malaysia, number of Chinese: 7.4 million, number of Chinese: 5.08 million Singapore, number of Chinese: 2.98 million Canada, number of Chinese: 1.77 million. Different encryption policies in various regions have also brought about different cryptographic user profiles. In September 2017, the People's Bank of China and other regulators announced a ban on ICOs and a notice to close cryptocurrency exchanges. In May 2021, the relevant regulators issued another notice to crack down on Bitcoin mining and trading. At this point, exchanges, project parties, miners, and users have all begun to go overseas. However, Chinese-speaking users are only migrating; they haven't actually disappeared. According to Triple A's data estimates, the global cryptocurrency ownership rate will average 4.2% by 2023 (including non-on-chain users). Among them, if only the Chinese-speaking regions are calculated: Mainland China 19.9 million, Hong Kong 0.18 million, Singapore 0.64 million, and Taiwan 0.54 million, the number of crypto users is 21.26 million. However, if this data includes the proportion of Chinese people in Indonesia, Thailand, Malaysia, the US, and Canada, it can be roughly calculated that the number of users that can radiate Chinese-language content is at least 23.57 million. (The calculation formula is crypto users in the region* (Chinese speaking users in the region/total number of users in the region)) The concept we have always emphasized is the Chinese-speaking market, not the mainland China market. Apart from mainland China, there are still a large number of Chinese people in Hong Kong, Taiwan, Singapore, Malaysia, North America, and Europe, and this group also has strong purchasing power. For any aspiring entrepreneur, you can say that you don't pay attention to the Chinese market due to policy or other reasons, but you can't ignore the Chinese market. Hong Kong is a bridgehead connecting the global Chinese market. At the same time, Taiwan is also a place we need to pay great attention to. Even if many projects want to enter the Chinese-speaking market, they will first use the Taiwanese market as a testing ground. Taiwan has decades of infrastructure and stable economic development, and an industrial structure with many small and medium-sized enterprises, which enabled the Taiwanese market to move towards a well-off and well-off society in the 1960s. Most post-80s Taiwanese have not experienced a life of “suffering to the point where they have nothing to eat.” Compared to the widening gap in the mainland economy and the rigidity of social classes in Japan, South Korea, and Hong Kong, the average salary of Taiwanese can at least meet basic needs. Therefore, Taiwanese users are more likely to “continue to accumulate assets” rather than become rich all at once. Therefore, long-term projects (such as lending, regular investment and financial management, DeFi strategies) and easy-to-understand trading products (such as grid trading, copy trading) will be more popular among Taiwanese users because they can steadily accumulate assets. On November 14, 2022, the FTX incident broke out, and the world's second-largest exchange...

1180d agody zhang#BNB Chain #NFTs #Solana #VC #WEB3

Web3 platform Aki Network completes seed round with $40 million valuation

Comparatively, Aki Network, a data-driven Web3 growth stack platform, announced that it has received a seed round led by Akatsuki's Web3 fund Emoote and Mask Network. The exact amount of financing was not disclosed, and the valuation was 40 million US dollars. Other investors include MZ Web3 Fund, Incuba Alpha, Meteorite Labs, CatcherVC, Alchemy Pay, Futurism Labs, and OxBull. Angel investors include founders of SynFutures, CyberConnect, DODO, and Hooga Gaming. Aki Network is developing Aki Protocol, a multi-chain knowledge base that provides oracle services and rewards data contributors. AKI Protocol's native token, AKI, will be used to pay for Aki Network services such as exclusive user privileges (such as early event access), project activities, network exposure, and data API usage.

1194d agoWendy#Aki Network #Alchemy Pay #CatcherVC #Futurism Labs #Incuba Alpha #Meteorite Labs #WEB3 #financing

Aki Protocol announced the completion of a seed round of financing, led by Mask Network

Comparatively, Web3 data-driven influencer network Aki Protocol announced the completion of a seed round of financing with a valuation of 40 million dollars, led by Akatsuki Web3 Fund Emoote and Mask Network, Maezawa Web3 Fund, Incuba Alpha, Meteorite Labs, CatcherVC, Alchemy Pay, Futurism Labs, Oxbull and other institutions to participate, angel investors Including the founders of star projects such as CyberConnect, SynFutures, DODO, Hooga Gaming, etc. According to reports, Aki Protocol has successfully connected more than 200 Web3 projects, 147,000 unique users, and more than 2,400 influencers.

1212d agoLuxurytracy#Aki Protocol #Mask Network

iZumi Finance raised $22 million

Comparatively, iZumi Finance, a one-stop liquidity as a service DeFi protocol, announced the completion of $22 million in financing. Regarding the fundraising method, iZumi Finance issued the “iZumi zK-Fund” fund series products (SFT, semi-homogenized token) through Solv V3, a strategic partner Solv Protocol's latest paradigm agreement, and received funds including Unicode Digital Ltd., and NextGen Digital Venture, Bella Protocol, Incuba Alpha and other funds and individual investors have raised a total of 22 million dollars worth of mainstream digital currency assets such as ETH, stETH, USDC, and USDT.

1219d agoLuxurytracy#Izumi Finance #financing

IOSG Weekly Brief | Unbreakable, Why We Need Better NFT Protocol Standards #141

Part.1 Insight is unbreakable, why do we need better standards for NFT agreements Author: Chloe, IOSG Ventures This article is IOSG original content. It is only used for industry learning and communication, and does not constitute any investment reference. If you need to cite, please indicate the source. For reprinting, please contact the IOSG team for authorization and reprinting instructions. From a series of ripple effects caused by the Terra explosion in May to the Federal Reserve's interest rate hike in late July, the crypto industry fell into a temporary lull after being hit continuously. In the secondary market, the BTC price fell back to around 20,000 US dollars, which is basically the same as the high point of the 17-year bull market. The primary market is also calming down. The number and valuation of projects have declined markedly, and the frequency of fund launches has also slowed. Even in the crypto community that has always been very lively on Telegram, members have gone from posting hundreds of messages a minute discussing the market to everyday bragging and posting pictures of beautiful women. In this bear market, everyone has become a “Buddhist.” The NFT market is no exception, and the floor price of blue-chip NFTs has dropped significantly. Meanwhile, OpenSea's August trading volume was less than 500 million US dollars, a record low in a year. Despite this, in the face of sluggish market conditions, Paradigm and A16Z, which are the two major trendsetters for crypto funds, have not “recovered” and have recently published articles on topics such as NFT pricing and copyright. On August 31, A16Z published “The Can't Be Evil NFT Licenses”, defining the six major copyright categories of NFTs. Paradigm published VRGDAS and GOO on August 24 and September 6, respectively, to discuss the innovative auction mechanism and community value of NFTs. This article will focus on introducing readers to these three new standards and mechanisms built around NFTs. Image source: https://dune.com/PierreYves_Gendron/opensea---metricsParadigm—VRGDAs概念：VRGDA是NFT的新拍卖机制，适用于非线性释放的欠缺流动性的资产逻辑：NFT发行方可以利用VRGDA，自定义NFT除一次性释放或线性释放以外的拍卖时间表. Furthermore, the dynamic adjustment of prices adapts the meaning of the schedule: to enable creators, not miners, to obtain more consumer surplus; to smooth and extend the life cycle of NFT projects, VRGDAS, the full name of the English name Variable Rate Dutch Auctions, is a new mechanism for NFT auctions proposed by Paradigm. Before we discuss VRGDA, let's take a look at the GDA concept. GDA's Chinese is a progressive Dutch auction. As the name suggests, its working principle is to break up an auction into a series of Dutch auctions (note: Dutch auctions are a commonly used auction mechanism. The auction starts with a high asking price, then gradually reduces the price until the buyer is willing to accept it). Because sales do not depend on market liquidity, GDA is particularly suitable for assets that lack liquidity. VRGDA is a derivative of GDA. It allows the NFT issuer to set an auction schedule, such as selling 100 NFTs every day, or selling 10 NFTs less every day than the previous day. The life cycle of an NFT is very similar to the Gartner Hype Cycle (Technology Maturity Curve). The price of NFTs was very low when there wasn't much volume in the early days. After gaining community and popularity, the price skyrocketed, and then fell like crazy in the past due to the boom. Most of the NFT projects will return to zero, and very few NFTs that have received consensus will survive and gradually stabilize at an equilibrium price in a market. Image Source: Wikipedia-Gartner Hype Cycle So how does VRGDA extend the NFT cycle through an auction mechanism? Paradigm provides such a function: where P0 is the target price of the NFT; k is the decay factor of the NFT price when the expected sales volume is not reached; f (t) is the timeline, and n NFTs are expected to be sold at point T in time. By substituting different f (t), we can obtain different sales mechanisms. Paradigm only discusses three situations in the article, but theoretically any kind of schedule can be achieved. If the issuer chooses to release NFTs linearly at a constant rate, such as releasing 10 per day, this is a simple GDA. If the issuer expects to adjust the number of releases over time, VRGD is required...

1439d agoIOSG#IOSG

Multi-chain Web3 relationship aggregator KNN3 Network closes $2.4 million seed round

In comparison, KNN3 Network, a multi-chain Web3 relationship aggregation website, announced the completion of a $2.4 million seed round, led by Liang Xinjun, former co-founder of HashGlobal and Fosun International, with Mask Network, MetaWeb Venture, Eniac Venture, Tess Venture, Stratified Capital, Proposed Lab, Incuba Alpha, Zeuth Venture, Cogitent Venture, Atlas Capital and others participated. KNN3 Network provides web3 graphics solutions for relationship aggregation across multiple blockchain domains to support social dApps and AI analysis. It aims to be a community-driven data management protocol that supports on-chain data collaboration, and the team will use funding for protocol development and product marketing efforts.

1443d agoWendy#Eniac Venture #Fosun International #HashGlobal #KNN3 Network #Mask Network #MetaWeb Venture #Tess Venture #Web 3