WOO Network · 31

DeFi is recovering more and more, taking stock of the top ten unissued crypto stars

Telegram founder Pavel Durov was arrested in France on the 24th. According to French TF1 TV, he may face serious charges of terrorism, money laundering, and drug trafficking. As soon as the news came out, the price of Toncoin, which is closely related to Telegram, once plummeted by more than 20% to 5.71 US dollars, and the intraday decline reached 14.77%. TON's total hedged value (TVL) was also hit hard, with a single-day decline of more than 39%, a drop of nearly 60% compared to the historic high of 777 million US dollars. On the other hand, looking at all other L1 and L2 data, TVL does not decrease but increases! According to DeIllama data, Solana, Avalanche, Scroll, Aptos, ZkLink and other chains have all seen TVL gains of more than 12% in the past seven days. Among them, due to the popularity of Sunpump, Wave Field Tron's TVL is even better. Currently, it has exceeded 8.7 billion US dollars, and the Wave Trx token has reached a record high. Recently Trump's eldest son Donald Trump Jr. (Donald Trump Jr.) announced the upcoming launch of the DeFi project “The Defiant Ones” to put power back in the hands of the people, remove corrupt, expensive, and inefficient intermediaries, and make finance great again. Influenced by comments from many Federal Reserve officials on crypto regulations and expectations of interest rate cuts, Bitcoin successfully surpassed 64,000 US dollars last Saturday, quickly recovering all of its losses since this month. DeFi-related coins such as Aave are fast reaching new highs since this year. It can be seen from this that the DeFi sector is recovering more and more! Manjiang Bitou and Baige are currently competing with the continuous improvement of industry infrastructure, and competition in the DeFi field is becoming more and more intense. Since this year, the DeFi sector has attracted more than 900 million US dollars in financing. Hundreds of projects are poised to launch, and competition among products is even more intense! Whoever can form a novel and attractive business model in this market, and who has a higher market fit (PMF), can dominate the ups and downs of DeFi. Part 1 “DeFi River Goes Down? “The Return of Value from Leading Projects” We analyzed that when the DeFi circuit layout was right, leading projects such as Aave, Uniswap, and EigenLayer applications were ushering in new development opportunities. Today, I will take you to explore 10 DeFi projects that have not yet issued tokens in some of the hottest fields of DeFi today to discover potential investment opportunities. Dex and Lending Orderly Network In the cryptocurrency arena, centralized exchanges have won the favor of traders for their liquidity and user experience. However, despite providing transparency and sovereignty, decentralized exchanges (DEXs) have shortcomings in terms of liquidity and user experience. What if there was an exchange that combined the speed and liquidity of CEX with the transparency, sovereignty, and settlement of decentralized finance (DeFi)? This is the core philosophy of Orderly Network. Orderly Network is a liquidity platform built on the Near Protocol, which relies on smart contracts for peer-to-peer transactions and provides users with risk management and shared asset pools. Orderly Network was founded in April 2022 and co-incubated by NEAR and WOO Network. While combining the liquidity and transaction speed advantages of CEXs, it preserves the transparency, sovereignty, and on-chain settlement characteristics of DeFi, and aims to build an efficient transaction ecosystem that not only meets users' needs for liquidity and speed, but also maintains decentralization and transparency. Orderly Network has previously completed a total financing of 25 million dollars, with a valuation of 200 million US dollars. OKX Ventures, Pantera Capital, Dragonfly, IOSG Ventures, Sequoia China, and Jump Crypto participated in the investment. Orderly Network has already achieved initial achievements in the DeFi field: the total transaction volume exceeds $80 billion, and the total locked value (TVL) of the six major blockchains (Arbitrum, Optimism, Polygon, Base, etc.) exceeds $21 million. More than 400,000 unique address wallet user groups Orderly updated its tokenomics information this month. 55% of the 1 billion ORDERS will be used to open the ecosystem...

726d agody zhang#Aptos #Avalanche #DeFi #Dragonfly #IOSG Ventures #Jump Crypto #Pantera Capital #scroll #Solana #zkLink #transactions #token #encryption #Sequoia China #USD

Inventory of recent developments in OG DeFi projects: Aave and MakerDAO's ambitions and prospects

Author: WOO Network Background This round of memes is the main theme of the market, and there is a lack of interest in DeFi and related “utility” tokens. Currently, the overall DeFi hedging volume in the market is about $182 billion, which is still about 40% away from reaching a new high of $300 billion at the end of 2021. This also indirectly proves that at a time when the market continues to rise, the DeFi sector has failed to keep up, but in the cryptocurrency market, DeFi is one of the few tracks that can generate real profits, and is also the cornerstone of overall market liquidity. Although the currency price performance is not as violent as emerging meme coins, old DeFi blue chips still occupy an important role in the market. For example, the three protocols of Aave, MakerDAO, and Uniswap are in the top seven overall positions, and they are also the absolute leader of this circuit. How can they gain a foothold in the ever-iterating crypto market? What other major updates are there? Is there any potential for future growth? WOO X Research will answer the questions in this article. Aave's current status Aave started with EthLend in 2017, changed its name to Aave in 2018, deployed the first version of the smart contract on Ethereum and launched Aave V1 in 2019, Aave V2 launched at the end of 2020, and Aave V3 was launched in March 2022. Aave V3 supports cross-chain lending, improves capital utilization through an efficient model, and supports segregated asset lending. This version can also set limits on loans and deposits, update the settlement mechanism, and provide a variety of reward tokens. Currently, the TVL is 22 billion, making it the second-largest hedging project in the overall crypto market, after Lido, and supports 12 blockchains, providing a permissionless lending platform for everyone. It is also the preferred place for giant whales to cycle long/short using lending methods. In addition to the lending function, Aave also launched its own stablecoin GHO in July 2023 to overcollateralize stablecoins. The stabilization mechanism is: when the price of GHO is higher than the target, the user can mint 1 GHO with collateral worth 1 dollar, then sell it at a price above 1 dollar to make a profit, and cause the GHO price to fall back. When the GHO price falls below the peg, users can buy 1 GHO on the market for less than $1 and then use it to pay off $1 of debt, which reduces the supply of GHO and increases the price. Additionally, GHO uses Aave V3 assets as collateral in the Ethereum market. In addition, Aave stakers (StkAave holders) have the following main benefits compared to ordinary people: 1. Loan interest rate discount: 1 stkAave per stake: discount on up to 100 GHO loans. The discounted loan interest rate will be lower than the standard interest rate. For example, the standard borrowing rate is 7.25%, while users who pledge AAVE enjoy an interest rate of 5.08%. 2. Reward Program: Users participating in staking can receive regular rewards through the Merit Program. The current reward rate is 3.58%. Currently, GHO has a market capitalization of $102 million, which is comparable to the market capitalization of crvUSD. However, the good performance of the product is not equal to good currency price performance. The reason is that the price of the $Aave currency has nothing to do with the agreement itself. The token mainly empowers governance, and the trend has lagged far behind Ethereum in the past year. Recent update On July 25, ACI, the governance representative of Aave's official team, initiated a proposal for Aave's new economic model, which usually has a high shutdown rate. The main content is: Launch Umbrella Atokens security module: aToken defense mechanism: Previously, Aave's security module sold pledged assets to repay debts. This approach has now changed, and the Atoken category has been added to protect assets. In the event of a shortage, these tokens will be seized to destroy assets pledged by debt and will be destroyed rather than sold. This can improve the efficiency of the system. Incentivize users to borrow: Approximately 80% of Aave users only deposit funds into the agreement and don't borrow money. They are mainly to obtain liquidity benefits, and they believe the Aave protocol is secure enough to store assets for the long term. To attract users to borrow money, provide more mid-term rewards to attract these uses...

749d agody zhang#Aave #DeFi #MakerDAO #Ethereum #projects

WOO Network: Earlier, large WOO transfers were made to balance inventory on various chains

According to Twitter, in response to the 15 million WOO large transfers about an hour ago, WOO Network issued an announcement on X stating that because the current Woo adoption rate on the Arbitrum network is relatively high, the purpose of these transfers is to cooperate with Binance to balance WOO inventory on various chains. According to previous news, Scopescan monitoring showed that the WOO Network address transferred 10 million WOO (about 2.1 million US dollars) to the Cobo Custody address and 5 million WOO (about 1.05 million US dollars) to Binance about 1 hour ago.

1025d agoLuxurytracy#WOO #WOO Network

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

Dragonfly Investment Landscape Inventory: 150+ Projects Across DeFi, Infrastructure, and NFTs

Dragonfly's investment pace accelerated markedly in 2022, investing in at least 53 projects throughout the year, focusing on areas such as NFTs, metaverse, chain gaming, Web3 social networking, creator economy, DAO, etc. Article: Peng Sun, Foresight News is a first-generation Internet technology and application investor in China and one of China's earliest blockchain evangelists. Dragonfly, founded by Feng Bo, is famous in the crypto industry. It is a cryptocurrency venture capital fund that originated in 2018 and was co-founded by Alexander Pack, an investment advisor at Bain Capital Ventures, and Ceyuan Venture Capital under Feng Bo's leadership. Today, Dragonfly has grown into one of the world's top investment institutions. Although Liquid Opportunities was acquired by Brevan Howard Asset Management in March of this year, Dragonfly's funds still include Dragonfly Ventures and Metastable, one of the oldest crypto hedge funds. Over the five years of development, the slogans “Global from day one” (Global from day one) and “Technology is Culture” (Technology is Culture) have always guided Dragonfly's investment practices. A group of members from around the world with a global perspective and humanistic care for technology have long been adhering to the three main investment directions, namely core blockchain technology and underlying protocols, infrastructure connecting centralized and decentralized economies, and investing in new types of crypto asset management funds as parent funds in an attempt to achieve complementarity between East and West in technology and markets, and promote Web2 and classical VC into the blockchain and Web3 world. Guided by the above investment philosophy and direction, Dragonfly's investment style and practice also has a gradual and refined process, which also reflects the development trend of the crypto industry: in 2018, Dragonfly Capital raised $100 million for the first fund Dragonfly Ventures to focus on investing in cryptocurrency startups; on March 26, 2021, Dragonfly Capital became the second fund “Dragonfly “Ventures II” raised $225 million, focusing on NFTs, DeFi, Ethereum Layer 2 solutions and related businesses; on April 27, 2022, Dragonfly Capital raised $650 million for its third crypto fund “Dragonfly Ventures III”. The fund will focus on blockchain and crypto companies in all stages of creating a “new digital economy” and double down on supporting crypto infrastructure, DeFi, and intelligence Contract expansion and the next breakthrough in breakthrough consumer products such as NFTs, chain games, and DAOs. Up to now, according to the official website and other public statistics, Dragonfly has more than 150 portfolios, covering DeFi, CeFi, L1 & L2, NFT & metaverse & gaming, infrastructure, crypto funds, etc., across public chain ecosystems such as Ethereum, Avalanche, Polygon, Aptos, Solana, Cosmos, and NEAR, in 1inch, dYdX, Compound, Lido, Dragonfly can be seen in the financing of star projects such as MakerDAO, ConsenSys, Flashbots, RSS3, Animoca Brands, Dune Analytics, Galxe, OneKey, StarkWare, and Matter Labs. Dragonfly's investment pace accelerated markedly from the second half of 2021 to 2022 as the Web3 concept fully expanded. According to data from Blockchain Daily, Dragonfly invested in a total of nearly 80 projects between 2019 and 2021, and initially invested in 2021...

1235d agody zhang#Aptos #Avalanche #BNB Chain #Cosmos #DeFi #Dragonfly #NEAR #NFTs #Polygon #Solana #WEB3 #Ethereum

King of the Full Chain LayerZero Walkthrough

Author: zflab.eth Original source: MirrorLayerZero is a full-chain interoperability protocol designed to deliver lightweight messages across chains. LayerZero provides true and guaranteed messaging through configurable distrust. I've also written about the relevant ecological clean-up before: the website link is sorting out ideas today and picking out a few existing key projects: (1) EVM chain intersection1) StargateStargate is the first project built based on Layerzero, and is dedicated to building a fully composable cross-chain bridge protocol for native assets. (Official website link: stargate.finance/Official Twitter: Twitter.com stargateFinance2) SushiSwapSushixSwap is a cross-chain DEX launched by SushiSwap, the world's first cross-chain AMM. Built on LayerZero's Stargate protocol. (Official website link: www.sushi.com Official Twitter: Twitter.jushiSwap3) Pancakeswap's Stgrgate. (Official link: bridge.pancakeswap.finance Official Twitter: Twitter/pancakeSwap4) WooWoo Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms to democratize access to first-class liquidity, trade execution, and revenue generation strategies at lower or zero cost. (Official link: fi.woo.org/ Official Twitter: Twitter/WooNetwork5) HarmonyHarmony is an open and fast layer 1 blockchain: our mainnet runs an Ethereum application, and transactions are completed within 2 seconds, and the fee is 100 times lower. (Link to the official website: layerzero.bridge.harmony.one/ Official Twitter: Twitter.harmonyprotocol6) The MetiseTH main network and Andromeda network intersect in one direction. (Official website link: metis.io Official Twitter: Twitter/metisDAO7) GalxestargatorSnft Cross-Chain Bridge Official Link: https://www.galxestargatoronft.com/bridge购买链接：opensea.io/collection/galxe-stargator-soldier-arbitrum（二）EVM链跨Aptos1) (Official link of the cross-chain bridge between theaptosbridgeaptos and LayerZero: theaptosbridge©bridge2) Liquidswap: Pontem is a product development studio dedicated to achieving blockchain-driven global financial inclusion. LayerZero provides Pontem with bridging technology to transfer ETH, WETH, USDC, and USDT between Aptos and 6 EVM chains: Ethereum, BNB Chain, Avalanche, Arbitrum, Optimism, and Polygon official website: bridge.liquidswap.com Official Twitter: Twitter/PontemNetwork3) Moonbeam NetworkMoonbeam is a smart contract platform for cross-chain connection applications. It combines Ethereum and Polkadot official website links: apps.moonbeam.network/moonbeam Official Twitter: Twitter/MoonbeamNetwork (3) EVM chain interconnection & EVM chain across Aptos1) omnibutc is built on Sui and Aptos's DEX+Lend+ Bridge's 3-in-1 DEX official website link: app.omnibtc.finance/swap Official Twitter: Twitter/omniBTC (4)...

1240d agody zhang#DOT #LayerZero #LEND #NFTs #ONE #USDC #USDT #Ethereum #Binance Coin #Platform coins #Bitcoin

Infrastructure protocol Orderly Network completed a strategic round of financing with a valuation of $200 million, led by CoinDCX Ventures

Comparing news, the decentralized infrastructure protocol Orderly Network announced that it has received a strategic round of investment from India's CoinDCX Ventures. The amount is unknown. However, its chief operating officer Arjun Arora said the funding was realized through a Simple Future Token Protocol (SAFT) with a valuation of $200 million. In November of last year, Laser Digital, a crypto subsidiary of the banking giant Nomura Securities, announced an investment in Orderly Network at a valuation of $200 million. Orderly Network was incubated by Near and Woo Network in 2021. It mainly provides infrastructure for spot order book transactions. The main network was launched in October last year.

1243d agoBTC2025NB#CoinDCX Ventures #Orderly Network

“China Concept” Project Super Inventory | Mysterious Oriental Power in Web3

Take stock of the mysterious power of the “sleeping dragon” from the East in the Web3 world. Summary: Babywhale, Foresight News Recently, Hong Kong's government and regulators are sending more and more olive branches to the Web3 and Crypto world, strongly supporting the development and implementation of Web3 from various aspects such as policies, resources, and funding. In fact, we've already seen a number of landmark changes starting at the end of 2022. Alibaba Cloud added support for Avalanche verification nodes and infrastructure in early December 2022, then co-hosted the Web3 Global Startup Contest with PlatON and HashKey. Tencent Cloud began exploring Web3 in September 2022 and signed a memorandum of understanding with Singaporean Web3 company Strange Universe Technology. Since then, Tencent Cloud has successively cooperated with the famous Korean game developer Nexon, Sui development company Mysten Labs, the expandable blockchain MultiversX, and the recent infrastructure Ankr and Scroll, an Ethereum expansion network based on ZK Rollup. On the other hand, institutions with a keen sense of smell have also begun to set up business in Hong Kong, including HashKey Group, which has successively obtained virtual asset trading platform licenses and virtual asset OTC trading qualifications issued by the Hong Kong Securities Regulatory Commission. All of these changes have gradually increased the Western world's attention to the mysterious Oriental power of Web3. Foresight News editorial staff members have compiled a list of Web3 projects, companies, organizations, etc. in China and led by overseas Chinese. Readers are welcome to make additional corrections. Click to download the original image Public Chain/Expansion Network Layer 1Conflux was founded in July 2018 by Yao Qizhi, the only Chinese Turing Award winner to date, and completed $35 million in financing in December of that year. Investors include Sequoia China, F2Pool, Huobi, Metastable, and IMO Ventures. Earlier, Conflux announced a partnership with China Telecom to launch a blockchain-enabled SIM card in Hong Kong. According to DeFilLama data, the TVL on Conflux is around $18.48 million, mainly on DEX Swappi. NervosNervOS is a layer 1 public chain with a hierarchical architecture. The underlying layer uses a PoW mechanism to guarantee security, and the upper application chain guarantees performance. Nervos completed $28 million in financing in July 2018, led by Sequoia China and Wanxiang Blockchain. Participants include Jingwei China, Polychain Capital, Multicoin, etc. VeChainVechain was founded in 2015 and completed a multi-million yuan seed round in 2016, followed by an ICO for the token in 2017. VeChain focuses more on Web3 solutions in traditional industries, and has reached partnerships with companies in the luxury goods, automotive, agriculture, and audit industries. In 2018, PwC acquired a portion of VeChain's shares. IoTeXioTeX was founded in 2017 and is a blockchain focused on the Internet of Things. IoTeX core developer MachineFi Lab announced the completion of a $10 million seed round led by Samsung Next, Draper Dragon Fund, and Jump Capital in June 2022, and then announced the launch of a $50 million Series A round. Participating institutions include HashKey, IOSG, etc. InjectiveInjective is a smart contract platform for the Cosmos ecosystem. It announced the completion of a $40 million financing led by Jump Crypto in August 2022, and then announced the launch of a $150 million ecosystem program in January of this year. The supporting institutions include Pantera...

1268d agody zhang#Avalanche #BNB Chain #DeFi #Dragonfly #Fantom #Fenbushi Capital #Foresight Ventures #Gamefi #Hashkey #Heco #IOSG #Klaytn #LD Capital #Loopring #NFTs #OKC #PlatON #Polygon #SevenX Ventures #Solana #Tron #VR #WEB3 #X2Y2 #Ethereum #Bitcoin #Boca

WOO Network will improve WOO tokenomics and will destroy over 705 million WOO tokens

Comparing news, cryptocurrency liquidity platform WOO Network announced that it will make a series of improvements to Woo token economics in the first half of 2023. WOO Network will destroy more than 705 million Woo tokens, accounting for about 24% of the maximum supply, and WOO Ventures, WOO DAO, and insurance funds will close.

1320d agoBTC2025NB#WOO Network