Chain Market · Making Blockchain Implementation Simpler

　　By Blockchain Implementation Experts

　　Summary

　　Last week, there were good progress in both policy and practice in the application of blockchain technology.

　　Firstly, more than 33 provinces and cities across the country have introduced special policies on blockchain, in addition to support measures such as fiscal incentives, rent reduction, and talent subsidies. Sixteen places explicitly propose that the government’s state-owned capital should lead to establish blockchain industry investment funds or sub-funds, among which, the documents of Hainan, Guangzhou, Loudi, and Suzhou clearly specify the amount of the (sub) fund as 1 billion yuan or more. Although China has experienced months of drastic regulatory rectification, it has always been committed to promoting the application implementation. This has further motivated a large number of excellent developers to participate in it.

　　China ranks first in the world in the number of blockchain patent applications, with a total of 33,000 applications accounting for about 63%, followed by the United States and South Korea. Specifically for Chinese enterprises, Ant, Ping An, Tencent, and other companies are among the top ranks, with blockchain patent applications of nearly 7,000, 4,000, and 2,000 respectively. From the perspective of blockchain patent layout of Chinese enterprises, it is mainly concentrated in related technical fields such as smart contracts, artificial intelligence, and transaction data processing. China is far ahead in blockchain patents, providing a good development soil for application implementation.

　　The audio solution platform “Easy Ode” developed by ByteDance has attracted attention from the copyright industry at the 8th China International Copyright Expo. By establishing intelligent electronic contracts, blockchain rights confirmation and storage, and other practices, it has built a copyright protection system, effectively maintaining the rights and interests of creators. The blockchain smart contract platform of SAIC-GM Wuling has officially gone online. This blockchain smart contract platform can be applied to material receipt, return, reconciliation, and difference adjustment business scenarios, achieving electronic invoicing and electronic management of documents.

　　Of course, the application of blockchain technology is not limited to China alone.

　　Overseas, Facebook announced that it would change its name to Meta, and its metaverse will support NFTs. Zuckerberg mentioned in the letter, “From the very beginning, privacy and security need to be embedded in the metaverse. So do open standards and interoperability.” Blockchain technology is an important cornerstone for the development of the metaverse. At the same time, Adobe is collaborating with NFT market KnownOrigin to ensure the authenticity of NFT creation. Twitter is developing a “collection” tag to showcase users’ NFT collections.

　　
lottery and The latest plan
　　According to a report by Cointelegraph on October 26, the Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens to activate the digital financial and technology environment while meeting the needs of market participants. The DFSA is an independent regulatory body in Dubai, responsible for supervising and regulating financial service companies that wish to operate in Dubai, and also authorizing and managing these companies’ products and services. According to the Emirates News Agency WAM, the regulatory framework defines investment tokens as

　　According to a report from Hainan Online, recently, the reporter of the International Tourism Island Business Daily learned from the Office of the Leading Group for the Suppression and Handling of Illegal Fundraising in Hainan Province that, in recent days, after receiving reports from relevant departments and investigations by Sanya and other places, it has been found that there are several stores named

　　Firstly, the ‘Shu Xiang Yi Gou’ stores and the companies and platforms established separately are all ordinary commercial enterprises (individual business households), which are not approved (including filing) by the central financial management department or local financial management department, and do not have the qualifications to carry out financial business.

　　Secondly, the GM, GS, and other points trading models of the platform clearly violate the laws of market value, and once the capital chain breaks, the platform collapses and runs away, investors will face serious losses;

　　The 25th article of the State Council’s ‘Regulations on the Prevention and Handling of Illegal Fundraising’ explicitly states that ‘losses incurred due to participation in illegal fundraising shall be borne by the participants in the fundraising themselves’. All residents and the public are requested to keep their eyes open, resist high-interest temptations, prevent fraud, and those who have joined the investment platform are advised to cut their losses and uninstall the ‘Unity’ platform APP as soon as possible.

　　[Bank of Spain opens registration instructions for encryption service providers]

　　According to a report by CoinDesk on October 26, the Bank of Spain has issued instructions on how to register and provide encryption-related services in the country. Institutions are required to apply through an electronic registry office, and the central bank will need up to three months to consider the application. The Bank of Spain first announced this process in June and promised to publish instructions on how to proceed at an appropriate time. Currently, the Bank of Spain has clarified: ‘The obligation to register at this registry office applies to all natural persons or legal persons that belong to any of the above situations and provide Online casino and How to find it exchange services for trust currency and electronic wallets, regardless of whether they are registered with the Bank of Spain or other administrative authorities.’

　　[Ministry of Agriculture and Rural Affairs: Encourages leading enterprises to apply blockchain technology to strengthen the construction of product traceability systems]

　　Recently, the Ministry of Agriculture and Rural Affairs issued the ‘Opinions on Promoting the Growth and Strength of Leading Enterprises in the Agricultural Industrialization’. The opinion points out that it is necessary to improve the digital development capabilities of leading enterprises. It encourages leading enterprises to apply blockchain technology to strengthen the construction of product traceability systems; adopt big data, cloud computing, and other technologies to develop smart agriculture, and establish and improve intelligent and networked agricultural production and operation service systems, providing credit support for rural industries served by banks, insurance, and other financial institutions.

　　[IBM’s multiple hybrid cloud, AI, and blockchain products listed in the China Information and Communication Research Institute’s ‘Panorama Observation of Open Source Suppliers’ report]

　　According to the Beijing Evening News, on October 26, IBM announced that its multiple products based on enterprise-level open technology, including hybrid cloud, AI, and blockchain, have been approved and adopted by the China Information and Communication Research Institute, and listed in its latest released report, ‘Panorama Observation of Open Source Suppliers’. It is reported that this is the second batch of trustworthy open source manufacturers and product lists released by the institute since the announcement of the ‘List of the First Batch of Trustworthy Open Source Suppliers’ in May 2021.

　　The Slovenian Ministry of Finance is soliciting public opinion on the draft bill for taxing cryptocurrency investment.

　　According to a report by Cointelegraph on October 27, local media N1 reported that the Slovenian Ministry of Finance is soliciting public opinion on the draft bill for taxing cryptocurrency investment. After the Financial管理局 (FURS) of the Republic of Slovenia proposed taxing cryptocurrency activities by 10% nearly a month ago, the Ministry of Finance intends to assess investor sentiment. If the Slovenian ‘Income Tax Law’ is signed into law, the proposed bill will impose a 10% tax rate on each conversion from fiat currency to cryptocurrency and cryptocurrency payments. However, the tax obligation threshold will be set at 15,000 euros (about 17,387 US dollars) per year. Investors within the limit will be exempt from cryptocurrency tax.

　　According to a previous report by Cointelegraph, the draft bill on the cryptocurrency tax in Slovenia will be limited to purchasing goods and services and converting crypto assets into fiat currency. Although the Ministry of Finance’s proposal is expected to be passed before November 10, the law will take effect from January 1, 2022.

　　The Deputy Director of the Shanghai Municipal Development and Reform Commission Qiu Wenjin: Shanghai has launched 27 policies to promote urban digital transformation and will establish the Shanghai Data Exchange.

　　According to a report by the Shanghai Securities News on October 27, Qiu Wenjin, the Deputy Director of the Shanghai Municipal Development and Reform Commission, said at a press conference of the Shanghai Municipal Government that in accordance with the overall requirements of the city’s digital transformation in Shanghai, in order to focus on solving institutional bottlenecks in key areas such as the economy, life, and governance, Shanghai has formulated ‘Several Policies and Measures for Promoting the Digital Transformation of the City of Shanghai’ and officially implemented them on September 1 this year. This is an important part of Shanghai’s comprehensive promotion of the ‘1+1+3+1+1’ institutional system for urban digital transformation, including 27 policy measures in 5 aspects. A new mechanism for comprehensively improving the digital management efficiency of governance is established. In terms of optimizing the government approval process, several high-frequency approval items are selected for pilot simple forms and intelligent approval. Promoting the establishment of the Shanghai Data Exchange, and improving the rules for the use of biometric information such as facial recognition.

　　The Ministry of Transport: Promoting the deep integration of new technologies such as blockchain with the transportation industry.

　　According to the CCTV News App, on October 28, the Ministry of Transport held a press conference. The spokesperson Liu Pengfei introduced that the Ministry is working with relevant departments to promptly implement the ‘China International Sustainable Transportation Innovation and Knowledge Center’ announced by the Supreme Leader. The Ministry of Transport will take measures to actively promote the high-quality development of China’s transportation, further promote innovation-driven development, vigorously develop smart transportation and smart logistics, strengthen the construction of new infrastructure in transportation, promote the standardized, healthy, and stable development of new transportation businesses, and promote the deep integration of new technologies such as big data, the Internet, artificial intelligence, and blockchain with the transportation industry.

　　The Indian cryptocurrency regulatory plan is scheduled for February and may regulate crypto assets as commodities.

　　According to a report by News bitcoin citing local Indian news media ‘Today’s Business’, the Indian government is planning to introduce cryptocurrency regulation in February next year. In addition, the government may regulate cryptocurrencies as an asset class, similar to the way commodities are regulated, and impose appropriate taxes on transactions and gains. It is reported that in June, the Indian government said that after cryptocurrencies are classified as an asset class, the Securities and Exchange Board of India (SEBI) will supervise the regulation of the cryptocurrency sector. Another official said that officials from the Ministry of Finance and the Reserve Bank of India (RBI) are fine-tuning the regulatory framework for cryptocurrencies.

　　[FATF releases the latest regulatory guidelines for cryptocurrencies, covering both centralized and decentralized sectors]

　　According to CoinDesk, on October 28, the Financial Action Task Force (FATF), a global anti-money laundering (AML) agency, has issued the latest guidelines for companies dealing with cryptocurrencies and virtual assets. After incorporating industry feedback from April 2021, the updated rules for so-called Virtual Asset Service Providers (VASP) published this time indicate that regulation of cryptocurrency companies is imminent, including both centralized and decentralized ones.

　　Since 2018, the Financial Action Task Force (FATF) has issued a series of draft documents and working group documents, attempting to define VASP and virtual assets, and suggesting how countries should implement the ‘travel rules’ for cryptocurrencies. Recently, the FATF has tried to clarify transactions with ‘non-custodial wallets’ and incorporate new areas such as DeFi, NFT, and DAO into its framework. Although the publication of the FATF’s updated guidance will increase the urgency of VASP compliance, there is also a suggestion that regulators should be flexible in the initial promotion process. For example, with the ‘travel rules,’ they may consider a phased implementation approach during the implementation process.

　　[The draft of the U.S. ‘Build Back Better Act’ aims to close cryptocurrency tax loopholes]

　　According to a report by CoinDesk on October 29, the new version of the draft of the ‘Build Back Better Act’ proposed by U.S. President Biden still contains wording aimed at closing tax loopholes that cryptocurrency investors can exploit. Part of the October 28 version of the U.S. House Rules Committee’s printed draft adds cryptocurrency transactions to the deemed sale rule. It is said that this rule attempts to address transactions that require capital gains tax, preventing traders or institutions from using short selling or providing ‘already held assets’ derivatives. The bill defines digital assets as ‘any form of digital value recorded on a cryptographic secure distributed ledger or any similar technology’.

　　The Rules Committee also issued a longer version of the H.R.5376 draft text, which includes the same provisions. The second provision of the first version of the bill provides some funding to the Internal Revenue Service (IRS) for ‘providing cryptocurrency monitoring and compliance activities.’ However, the longer version of the draft does not mention cryptocurrencies at all.

　　【Australian Securities and Investments Commission releases guidelines for investment products related to encrypted assets】

　　On October 29th, the Australian Securities and Investments Commission (ASIC) issued guidelines on exchange-traded products (ETPs) and other investment products related to encrypted assets. Entities planning to hold encrypted assets will need to hold relevant authorization for encrypted assets. The guidelines cover issues such as access and monitoring standards, encrypted asset custody, pricing methods, disclosure, and risk management.

　　【Beijing publicly bids for the development and application demonstration of key technologies for traffic-specific blockchain】

　　On October 28th, the Beijing Traffic Comprehensive Management Center initiated a public bidding for the development and application demonstration of key technologies for the research and development of traffic-specific blockchain systems in Beijing. The purpose is to build a special blockchain system in the field of traffic, carry out pilot applications in typical scenarios such as public green travel carbon preferential treatment and P+R parking换乘 management, and improve the demonstration effect of blockchain technology in the field of traffic.

　　【Minister of Industry and Information Technology Wang Zhijun: The Blockchain Standardization Committee should focus on key issues to provide standard support for the innovative and developmental progress of blockchain technology and the industry】

　　According to a report by Jinshi on October 29th, the first national conference of the Technical Committee for Standardization of Blockchain and Distributed Accounting Technology was held in Beijing in an online and offline combined manner. Deputy Director of the National Market监督管理 Bureau and Director of the National Standardization Administration Tian Shihong, and Deputy Minister of Industry and Information Technology and Chairman of the Blockchain Standardization Committee Wang Zhijun attended the conference and spoke. Wang Zhijun emphasized that the Blockchain Standardization Committee should focus on key issues and provide standard support for the innovative and developmental progress of blockchain technology and the industry. Give play to the guiding role of standards, improve the standard system; around application needs, create a batch of high-quality standards; strengthen the interaction between standardization and the industry, promote the application and implementation of standards; actively participate in international standardization work, enhance international discourse power.

　　【South Africa’s new legislation proposes to ban pension fund investment in non-CBDC cryptocurrencies】

　　According to a report by BeInCrypto on October 30th, South African Finance Minister Enoch Godongwana proposed a legislative draft that, according to Article 28, restricts the investment methods of pension fund members’ funds. Under the old regulations, portfolio managers could invest up to 2.5% of members’ funds in a wide range of ‘other asset’ categories, including cryptocurrency assets (excluding CBDCs). Now, the new rules explicitly exclude cryptocurrencies in the new government gazette. Due to the lack of protection for investors, South African regulators are skeptical of the speculative nature of cryptocurrencies, but they are also exploring possible use cases for distributed ledger technology. Article 28 is a legislative provision that draws influence from the ‘Pension Fund Act’, regulating the investment methods of the fund, part of which is to protect investors from investing too heavily in a specific asset category.

　　[Report: More than 33 provinces and cities across the country have issued special blockchain policies]

　　As of October 31, according to incomplete statistics, more than 33 provinces and cities across the country have issued special blockchain policies, in addition to support measures such as financial incentives, rent reductions, and talent subsidies, many local governments have explicitly encouraged the establishment of special blockchain funds in policy documents.

　　Among the 33 local special blockchain policy documents counted, 16 local governments explicitly propose that the government’s state-owned capital lead the establishment of blockchain industry investment funds or sub-funds, among which the documents in Hainan, Guangzhou, Loudi, and Suzhou explicitly state that the amount of the (sub)funds is 1 billion yuan or more than 1 billion yuan. In addition, four regional governments have indicated that they will support blockchain enterprises using existing government-led funds, and nine regional governments encourage private capital to establish blockchain industry funds, with the government providing corresponding support.

　　[Ukrainian Parliament’s Digital Transformation Committee supports the revised draft law on virtual assets]

　　According to Bitcoin.com on October 31, Ukraine’s attempt to regulate the encryption field through the ‘Virtual Asset Law’ has been revised again and is recommended for final passage. This month, the Ukrainian president vetoed the bill, and an important parliamentary committee expressed support for the bill. Ukrainian representatives will vote on the updated ‘Virtual Asset Law’ in November, and the long-awaited legislation for the regulation of cryptocurrencies and related activities in Ukraine is about to be completed. The Digital Transformation Committee of the Ukrainian Parliament’s Supreme Rada discussed the revised draft law on ‘Virtual Assets’ this week and supported the latest amendments.

　　According to reports, after Ukrainian President Volodymyr Zelensky returned the bill to the legislative body in early October, it has been updated. The main reason for Zelensky’s decision is that the proposed establishment of a new regulatory agency for the encryption market is too expensive for the country. Zelensky proposes that the National Securities and Stock Market Commission (NSSMC) be responsible for supervision. The NSSMC will also regulate virtual assets based on securities, and if these assets are supported by legal currency, the National Bank of Ukraine (NBU) will be responsible for regulation.

　　According to Forklog, the revised bill will be discussed in the parliament on November 2 and will be reviewed at a special parliamentary meeting. If the legislators pass the bill again, this time the President of Ukraine will be obligated to sign it into law within 10 days according to the national constitution.

　　[Beijing Foreign Exchange Management Department carries out on-site investigation of the capital project income payment facilitation real-time audit application scenario of the blockchain platform]

　　To understand the business operation situation after the pilot expansion, recently, the Beijing Foreign Exchange Management Department conducted on-site visits and research at the Beijing Branch of Industrial Bank and the Beijing Branch of China Merchants Bank, experiencing the full process of the Beijing Branch of Industrial Bank processing capital project income payment facilitation real-time audit and spot check data through the platform, and discussing the advantages of the

　　The Beijing Foreign Exchange Management Department will further optimize and improve the operation details of the blockchain platform application, enhance the facilitation of cross-border investment and financing, and serve the high-quality development of the Beijing economy.

　　[Ganzhou Economic and Technological Development Zone carries out Online casino and How to find it investigation and rectification]

　　On October 28, the Party and Publicity Website of Ganzhou Economic and Technological Development Zone issued a message to further prevent and control the risks of Online casino and How to find it mining and trading speculation. Recently, the Non-Financial Business Office of Ganzhou Economic and Technological Development Zone, together with the People’s Bank of China Ganzhou Branch, the Municipal Financial Office, the District Public Security Bureau, and the District Market Supervision Bureau, conducted a special investigation and rectification of Online casino and How to find it mining and trading activities at the Hongke Industrial Park and the International Enterprise Center.

　　Staff at the scene investigate and rectify risks for enterprises within the park by checking the company’s internal settings, verifying business licenses, interviewing company employees, reviewing the company’s business operations, and distributing risk warning letters. In the next step, the State Economic and Technological Development Zone will strengthen publicity and education, publicize the illegality, harm, and manifestations of related business activities such as Online casino and How to find it through case analysis and investment risk education, and enhance the public’s risk prevention awareness.

　　Industry News

　　[Paris Hilton, the heir of the Hilton hotel, auctions her NFT collection in Sotheby’s Metaverse]

　　Paris Hilton, the heir of the Hilton hotel and an American social celebrity, tweeted that she will auction her NFT collection on Sotheby’s NFT market ‘Sotheby’s Metaverse’, including works by NFT artists such as Chelsea Evenstar and Maalavidaa, and the auction will end on October 26th.

　　Previously, Paris Hilton, in March 2020, collaborated with designer Blake Kathryn for the first time to launch 3 NFTs, of which ‘Iconic Crypto Queen’ was sold for 1.11 million US dollars.

　　[The total sales of Tyler Hobbs’ NFT works exceed 1.5 billion US dollars]

　　According to Decrypt on October 25th, the digital art sales of Tyler Hobbs’ NFT work ‘Fidenza’ (Fidenza #313) have exceeded 150 million US dollars (including the sale of ‘Fidenza #313’ for 3.3 million US dollars in August). Last Friday, an anonymous buyer paid 1,800 Ethereum (worth over 7 million US dollars) to purchase ‘gold token’, which can be exchanged for NFTs related to the ‘Incomplete Control’ art. It is reported that the two highest-priced NFTs in the auction were sold for as high as 80 ETH (322,756 US dollars), while the lowest-priced one was 30 ETH (120,846 US dollars).

　　In addition, he will hold a live art casting event in Manhattan on December 9th to launch his next series ‘Incomplete Control’. It is reported that the new NFT is customized and will be opened to the public (including buyers) until December. The auction will be held on Art Blocks and provided as ERC-721 NFT. Ticket holders must be present to exchange for tickets.

　　[Ant Chain will launch the ‘Purple Forbidden City – Luminous Glory’ series of NFT collectibles at 12:00 on October 25th]

　　Babit News, Ant Chain will release the ‘Purple Forbidden City – Luminous Glory’ series of NFT collectibles at 12:00 on October 25th. This series of NFTs is inspired by the culture of the Forbidden City, including the Forbidden City Gate, Luminous Shadow Wall, Snowfall in the Forbidden City, and the four NFTs that keep pace with the times. Each piece is limited to 8,000 copies.

　　[Shuaima Vision: The company’s multiple technologies can provide underlying technical support for the metaverse]

　　According to the Shanghai Science and Technology Innovation Board Daily on October 25, Shuaima Vision stated on the interactive platform that it has carried out research and development of application products for ‘lottery and How to find it’, and is also actively promoting market cooperation. Its wholly-owned subsidiary, Fengfu Payment, is committed to providing technical support for the popularization of ‘lottery and How to find it’ payment scenarios. It also stated that the company has technologies such as ultra-high-definition decoding, lossless compression, low-latency public network transmission, DRM, and complete data transmission security protection, which can provide underlying technical support for the metaverse.

　　[China’s city blockchain comprehensive index third quarter report released, Beijing continues to hold the top spot]

　　According to the Red Net, the ‘2021 China City Blockchain Comprehensive Index Report (Third Quarter)’ was released recently, which mainly reviews the dynamic hotspots of China’s blockchain industry from July to September, objectively analyzing the development of blockchain in various cities in China from multiple dimensions. The report points out that the overall score in the third quarter has increased compared to the previous quarter, with Beijing continuing to hold the top spot and widening the gap with second-place Shanghai, followed by Shenzhen ranking third, Guangzhou making a significant improvement compared to the previous quarter, ranking fourth, and Hangzhou ranking fifth with a slight increase.

　　[Kunming: The country’s first blockchain center established and developed]

　　On October 25, the official website of the Kunming Municipal People’s Government issued an article indicating that Kunming has a solid foundation in modern industry, and the country’s first blockchain center has been established and developed.

　　[Sotheby’s auction house launches its first NFT jewelry item ‘Venus Star’]

　　Babbitt News reported that on October 25, auction house Sotheby’s announced on Twitter that it has launched its first NFT jewelry item, ‘Venus Star’. The inspiration for this diamond earring comes from Van Gogh’s famous painting ‘Café Terrace at Night’, which is currently housed in the Kroller Muller Museum in the Netherlands. ‘Venus Star’ is also the first NFT jewelry item collaboration between Sotheby’s and the Kroller Muller Museum.

　　[China’s blockchain patent applications rank first globally with a quantity of 33,000, accounting for about 63%]

　　According to the China Securities Network, the SaaS service provider for technological innovation intelligence, Huayu, released data showing that, as of now, nearly 7,800 companies from nearly 50 countries and regions have participated in the application for blockchain-related patents, with a total of about 55,000 patent applications. Among them, China’s blockchain-related patent applications rank first with a quantity of about 33,000, accounting for about 63%, followed by the United States and South Korea. Specifically for Chinese companies, Ant, Ping An, Tencent, and other companies are at the forefront, with blockchain patent applications of nearly 7,000, 4,000, and 2,000 respectively. From the perspective of blockchain patent layout of Chinese companies, it is mainly concentrated in related technical fields such as smart contracts, artificial intelligence, and transaction data processing.
lottery and Latest
　　The SAIC-GM Wuling blockchain smart contract platform goes online

　　According to the Securities Times, on October 25th, the blockchain smart contract platform of SAIC-GM Wuling was officially launched. It is reported that the blockchain smart contract platform can be applied to business scenarios such as material receipt, return, reconciliation, and adjustment of differences, realizing electronic invoicing and electronic management of documents. In the future, the blockchain smart contract platform will also connect to the business execution system to facilitate the transaction process and help the company’s digital transformation.

　　[ByteDance: Build a copyright protection system through blockchain rights confirmation and storage]

　　According to China Economic News on October 25th, the audio solution platform ‘Easy Ode’ developed by ByteDance Company has attracted attention from the copyright industry at the 8th China International Copyright Expo. According to the person in charge of the platform, ByteDance has built a copyright protection system by establishing intelligent electronic contracts, blockchain rights confirmation and storage, etc., effectively maintaining the rights and interests of creators.

　　[SushiSwap NFT platform Shoyu will be launched next week]

　　Bit coin news, on October 26th, the NFT platform Shoyu of SushiSwap announced that it will be launched next week.

　　[The Xiong’an Urban Computing (Supercomputing Cloud) project has entered the main construction stage]

　　According to the official WeChat account of Xiong’an release on October 26th, the Xiong’an Urban Computing (Supercomputing Cloud) project has entered the main construction stage. This project will create an integrated urban computing system integrating edge computing, cloud computing, and supercomputing, providing network, computing, and storage services for big data and blockchain for the entire digital twin city.

　　[Twitter is developing a ‘collectibles’ tag to display users’ NFT collections]

　　According to Businessinsider on October 26th, Twitter is developing a ‘collectibles’ tag related to blockchain to display users’ NFT collections. The platform began to develop this feature for the first time in September, and Twitter software engineer Mada Aflak released a tweet in late September for the first time showing the early stage of the project development.

　　[The second instance judgment of the Chengdu Intermediate People’s Court confirms and accepts the evidence collected and stored using blockchain technology]

　　According to Sina.com news on October 26th, the Chengdu Intermediate People’s Court of Sichuan Province has legally concluded a case of disputes over the infringement of the information network dissemination right of works, the second instance judgment has rejected the appeal of a certain computer technology company, upheld the original judgment, and confirmed the authenticity of the evidence collected and stored by a certain cultural communication company through blockchain technology, and ordered the certain computer technology company to compensate the plaintiff, a certain cultural communication company, for economic losses of 20,000 yuan and reasonable expenses for the storage of evidence of 160 yuan. In this case, the blockchain evidence of storage certificate submitted by the plaintiff is an electronic evidence of collecting and storing evidence through blockchain technology. Blockchain storage has the characteristics of credibility and non-tampering. In the absence of evidence from the defendant, a certain computer technology company to overturn its authenticity, it should be confirmed and accepted its authenticity.

　　【Chinese Online: Has applied for trademarks such as Chinese Metaverse, IP Metaverse, 17K Metaverse, etc.】

　　According to a report by the Economic Daily News, on the evening of October 26th, the Shenzhen Stock Exchange-listed company Chinese Online disclosed that it has applied for trademarks such as Chinese Metaverse, IP Metaverse, and 17K Metaverse. The data shows that Chinese Online’s main business is based on its own original platform, famous writers, and copyright institutions as the source of authentic digital content, accumulating a vast amount of literary IP resources. Currently, there are more than 4.3 million original writers on the station, and the digital content resources exceed 5 million. Chinese Online stated that the company can continuously provide a vast amount of IPs, audio products, and interactive reading products (such as chapters, spotlight, etc.) for the metaverse, enriching the construction of the virtual world.

　　【Zhongqingbao receives a letter of concern: requires an explanation of the relevance of ‘Master of Fermentation’ to the metaverse concept】

　　According to a report by The Paper, on October 25th, the Shenzhen Stock Exchange sent a letter of concern to Zhongqingbao, a stock in the metaverse concept, requiring Zhongqingbao to provide a detailed explanation of the specific content of ‘Master of Fermentation’, its relevance to the metaverse concept, the configuration of technical personnel, the mastery of core technologies, research and development investment, progress, feasibility of product implementation, expected launch time, market demand situation, and the financial impact on the company in 2021 and subsequent years, and to fully remind of the risks faced by combining industry policy risks. In addition, the letter of concern also requires Zhongqingbao to respond to related questions and explain whether the company and relevant parties have the situation of riding on the bandwagon, manipulating the market, or violating the rules of buying and selling the company’s stocks.

　　【GameStop releases recruitment information for the position of Web3 Gaming Head, possibly entering the blockchain gaming field of the metaverse】

　　According to a report by CoinDesk on October 26th, a recruitment information released by GameStop, the giant in the television game and entertainment software retail industry on LinkedIn, shows that the company is currently recruiting for the position of ‘Head of Web3 Gaming’. This position requires experience in multiple fields such as gaming, content creation, partnerships, and game design/development/mechanisms, as well as relevant work experience and knowledge of Ethereum, NFTs, and blockchain gaming platforms. In addition, the ‘Head of Web3 Gaming’ will also be responsible for leading the integration of its programs with major public chains and Ethereum Layer 2.

　　【Adobe collaborates with NFT market KnownOrigin to ensure the authenticity of NFT creation sources】

　　On October 26th, software developer Adobe announced a partnership with NFT market KnownOrigin. Through this collaboration, knownOrigin will join the Content Authenticity Initiative. Adobe users can use Content Credentials to mint their artworks created in Photoshop directly to their personal homepage on knownOrigin. Other collectors can also check if the wallet address of Adobe creators matches their KnowOrigin creator account’s wallet address to ensure the authenticity of the source of NFT creation.

　　[The metaverse chain game CyberCat under CherrySwap is about to start a wipe test]

　　On October 26th, the CyberCat (Cyber Cat), a metaverse chain game under the DEX CherrySwap of OKExChain (OEC), is about to start a wipe test and invite community users to participate, with applications for test qualification ongoing.

　　According to the official GameFi roadmap, CyberCat (Cyber Cat) is expected to start a wipe test in mid-November and officially launch in December.

　　[The Economist DeFi-themed cover NFT sold for 99.9 ETH]

　　According to Decrypt, on October 26th, the DeFi-themed cover NFT of The Economist was sold on the Foundation platform for 99.9 ETH, with a current value of about $420,000. The cover ‘Tumble Down the Rabbit Hole: The Promises and Perils of Decentralized Finance’ depicts the original illustration by Sir John Tenniel from ‘Alice’s Adventures in Wonderland’, modified for the Web3 era by digital artist Justin Metz.

　　[MLB Boston Red Sox David Ortiz signs multi-year partnership, to serve as brand ambassador]

　　According to a report from CoinDesk on October 27th, the legendary figure David Ortiz of the Major League Baseball (MLB) Boston Red Sox has signed a multi-year partnership with FTX and will serve as its brand ambassadorOnline casino and Where is it. As part of the agreement, David Ortiz will receive compensation in the form of cryptocurrency through the FTX app and release multiple NFT collections. In addition, FTX will also serve as the title sponsor of the David Ortiz Celebrity Golf Elite Tournament and donate to his charity, the David Ortiz Children’s Fund.

　　It is reported that David Ortiz has hit over 500 home runs throughout his career and brought three World Series championships to the Boston Red Sox. Currently, FTX has a powerful athlete ambassador lineup, including David Ortiz, Tom Brady, and NBA star Stephen Curry.

　　The SAIC-GM Wuling blockchain smart contract platform goes online

　　According to the Securities Times, on October 25th, the blockchain smart contract platform of SAIC-GM Wuling was officially launched. It is reported that the blockchain smart contract platform can be applied to business scenarios such as material receipt, return, reconciliation, and adjustment of differences, realizing electronic invoicing and electronic management of documents. In the future, the blockchain smart contract platform will also connect to the business execution system to facilitate the transaction process and help the company’s digital transformation.

　　The ‘Wolf of Wall Street’ Jordan Belfort buys Cryptopunk 6033 for 102.49 ETH

　　Babbitt reported on October 25th that Jordan Belfort, known as ‘The Wolf of Wall Street,’ announced on Twitter that he has joined the NFT frenzy and does not intend to leave this field. Jordan Belfort purchased Cryptopunk #6033 for 102.49 ETH (worth $423,000) and used it as his Twitter avatar.

　　29 blockchain game companies write to Steam creator Valve: ‘Do not ban Web3 games’

　　According to CoinDesk, on October 26th, blockchain game companies Fight for the Future, Enjin, The Blockchain Game Alliance, and other 26 companies wrote a letter to the creator of the game platform Steam, Valve, calling on Valve to lift the ban on Web3 technology, including NFTs. These companies said, ‘Web3 games are a rapidly developing and exciting game category that occupies a place in the Steam ecosystem,’ ‘Please consider changing your stance on this issue and allowing the use of tokens and a wider range of blockchain technology on the Steam platform.’

　　Previously, the game and software platform Steam operated by Valve has started to remove all games involving NFTs or cryptocurrencies. An update added to the Steam beginner’s page indicates that applications that should not be published on Steam include ‘applications built on blockchain technology that are issued or allow the exchange of cryptocurrencies or NFTs’.

　　SuperRare partners with renowned film producer David Lynch and Interpol band to launch 7 NFT works

　　On October 26th, the NFT platform SuperRare announced on Twitter that it is partnering with film producer and Academy Award winner David Lynch and the American post-punk band Interpol. They will be releasing 7 NFT works on SuperRare in a timed auction every two days over the next two weeks, with the first NFT work being ‘I Touch A Red Button’.

　　It is reported that at the Coachella Music Festival in 2011, Interpol first showcased their collaboration with David Lynch, overlaying their short film ‘I Touch a Red Button Man’ with the band’s single ‘Lights’ from 2010.

　　[The National Press and Publication Administration’s ‘Intelligent Publishing and Knowledge Service Key Laboratory’ was established, and the research content includes the application of blockchain technology in the publishing industry]

　　According to a report by Jiangsu Internet Information, the National Press and Publication Administration Key Laboratory ‘Intelligent Publishing and Knowledge Service Key Laboratory’ was recently unveiled at Nanjing University. The laboratory is led by the School of Information Management, Nanjing University Press, and the Research Institute of Publishing at Nanjing University, with the construction jointly carried out by four publishing companies. The main research content of the laboratory includes: the development of industry standards and national standards for the application of augmented reality, virtual reality, big data technology, 5G technology, and blockchain technology in the publishing industry, the application scenarios in the publishing industry, and the transformation of the publishing process.

　　[Music NFT platform Opulous collaborates with Japan’s instant messaging software LINE to jointly develop NFT products]

　　According to a report by Music Business Worldwide on October 26th, the blockchain-driven music platform Opulous has established a strategic partnership with the Tech Plus department of the technology giant LINE Corporation to jointly develop NFT products. Both parties are also discussing the integration of Opulous Music NFT with LINE’s NFT Market, aiming to provide LINE users with more NFT options and help stimulate the growth of the NFT market. LINE Tech Plus said it will provide support for Opulous in blockchain service development based on the LINE Blockchain Developers platform.

　　[DBS Bank of Singapore joins the Hedera Governance Council for the Distributed Public Ledger Platform]

　　According to a report by CoinDesk on October 27th, DBS Bank of Singapore has joined the Hedera Governance Council, becoming the first Southeast Asian lender to join this global group. It is reported that the council members include Google, IBM, Boeing, Deutsche Telekom, and others, aiming to promote the application of the distributed public ledger platform Hedera Hashgraph network in DeFi, NFT, central bank lottery, and other industries such as gaming. The initial term of the council members is three years, with a maximum extension of two terms. According to the information on the Hedera website, members have equal voting rights, aiming to manage the software changes of the network, while providing stability and ‘continuous decentralization’.

　　[Zhiji Auto’s offline private sharing event held in Shanghai, Zhiji Auto will leverage blockchain technology to realize the measurement, confirmation, and rights exchange of user data value]

　　On October 27, the private sharing event ‘Each data has value, building Web3.0 with Zhiji’ co-hosted by Babbitt and IM Auto was held at the Zhiji Auto North Bund brand experience center. Qian Gang, the digital innovation director of Zhiji Auto, shared at the event that in the era of artificial intelligence, user data has become the core driving force for corporate growth. Based on this, Zhiji Auto innovatively proposed the ‘Original Stone Valley’ user data rights plan, which refers to Zhiji Auto using 300 million ‘original stones’ corresponding to the growth rights of the initial value of Zhiji Auto, rewarding users for their contribution to user data in the form of data rights. Users can obtain original stones through mileage mining and cultivation mining, and ultimately exchange them for various hardware and software services provided by Zhiji Auto. In other words, Zhiji Auto uses blockchain technology to measure the value of user data contributions, thereby confirming user value and realizing rights exchange. Thus, practicing the concept of ‘Zhiji Auto sharing the dividends of the era with users together’.

　　[Netmarble’s subsidiary and Kakao Entertainment to collaborate on launching a virtual K-Pop girl group]

　　According to Forkast’s report on October 27, South Korean mobile game developer Netmarble’s Metaverse Entertainment Inc. is collaborating with Kakao Entertainment to develop a virtual girl group project. Kakao Entertainment is a subsidiary of the Kakao Group and also owns Melon, one of the most commonly used music streaming services in South Korea. By acquiring 80,000 new shares of Metaverse Entertainment, Kakao Entertainment has invested in this partnership, raising 120 billion KRW (about 1 million USD) in operating capital for the company.

　　The virtual K-Pop girl group MAVE: will be composed of four AI members and is scheduled to be launched next year. Both companies stated that this cooperative partnership will bring about a synergistic effect of combining ‘meta-human technology and entertainment’sports betting local，We need you. More details about the virtual girl band have not been disclosed yet.

　　Cream Finance is attacked again with losses reaching $115 million, marking the third largest DeFi hack attack event

　　According to a report by The Block on October 27th, DeFi lending protocol Cream Finance was attacked again, with losses reaching $115 million. The stolen funds were mainly Cream LP tokens and other ERC-20 tokens. PeckShield discovered a large amount of lightning loans used to carry out this attack. According to blockchain records, $92 million was stolen to one address, and $23 million to another, although these funds have now been transferred to different wallets. According to Rekt’s rankings, this is the third largest DeFi hack attack in history (although two larger hack attack events have returned funds).

　　World Wrestling Entertainment (WWE) will launch an NFT market

　　According to CoinDesk, World Wrestling Entertainment Inc. (NYSE code: WWE) announced on Wednesday that it has signed an agreement with Blockchain Creative Labs to launch an NFT market for licensed digital WWE tokens and collectibles. Blockchain Creative will closely cooperate with WWE to create NFTs to capture memorable moments in wrestling. Blockchain Creative Labs is a new NFT business and creative studio under FOX Entertainment and Bento Box Entertainment.

　　Robinhood Crypto Chief Operating Officer: Robinhood does not consider launching an NFT market

　　According to a report by The Block on October 27th, although Robinhood was hit by the slowdown in its cryptocurrency business in the third quarter, the Chief Operating Officer of Robinhood Crypto, Christine Brown, holds an optimistic attitude. Brown said that more than 60% of Robinhood’s cash accounts traded cryptocurrencies in the second quarter, and everyone should now know that the retail industry is very cyclical. The highly anticipated cryptocurrency wallet announced by Robinhood in September may not be released until next year. Brown said that the company is actively launching the alpha version, and there is a small group of customers, about 5 to 10 people, who will actively cooperate with Robinhood in the final stage of customer experience. As for listing new tokens, Brown said that the company is taking a ‘safety first’ approach, indicating that the company will not add new tokens quickly. Regarding NFTs, Brown said that the company will ‘not consider’ launching a product similar to the NFT market that Coinbase is about to launch.

　　【Stan Lee’s signed Marvel cover paintings will be auctioned at the NFT market Mogul Productions】

　　According to a report from Reuters on October 28, popular artist Rob Prior began to collaborate with Marvel Universe creator Stan Lee on “The Legacy Collection: Portraits of Stan Lee” in 2017. Rob Prior created 95 large canvas paintings that showcase Stan Lee on the covers of Marvel and the golden age of comics. All these works were signed by Stan Lee, who passed away at the age of 95 in 2018. Ten of these canvas paintings were auctioned in the NFT market Mogul Productions from 08:00AM Beijing time on October 28, lasting for 48 hours, with the winner receiving both the physical and digital versions of the canvas.

　　【Disney will launch NFT digital collectibles through VeVe】

　　According to Ledger Insights, on October 28, the NFT platform Veve announced that it will launch NFT digital collectibles for Disney, which will be part of the promotional activities for Disney’s streaming platform Disney+. The specific characters of the NFTs to be provided have not been disclosed yet, but it is expected that the range will not be limited to Disney animation characters, but will also include characters from the company’s subsidiaries, including Marvel (Spider-Man), Pixar (Toy Story, Cars,海底总动员, Superhero Squad), Star Wars, and others. This batch of NFTs will soon be available on the VeVe application and become a highlight of Disney+ Day on November 12. Some NFT buyers will receive Disney+ exclusive membership services. VeVe has previously launched Marvel series NFTs and hosted Superman NFTs under DC. Other licensed assets include 007, Star Trek, Back to the Future, and others.

　　【Futera brand of football card announces the launch of NFT plan Futera United】

　　According to Forbes, on October 27th, the sports card brand Futera announced the launch of the NFT plan Futera United, creating a NFT community football club.

　　【Voyager Digital signs a cooperation agreement with the NBA Dallas Mavericks, becoming its official cryptocurrency economic partner】

　　According to Cointelegraph, on October 27th, cryptocurrency broker Voyager Digital issued a press release announcing that it has reached an agreement with the Dallas Mavericks of the NBA, aiming to promote the popularity of cryptocurrencies through fan participation and other educational programs. Voyager Digital said it will become the first cryptocurrency broker and international partner of the Mavericks, with a contract period of five years. It is known that the platform will also have the naming rights to the Mavericks Game Center located in Dallas, which is the venue for the Mavericks NBA 2K League matches.

　　【The trademarks ‘Huawei Metaverse’ and ‘Apple Metaverse’ are registered prematurely】

　　According to interface news, the Tianyancha APP shows that on October 20th, the trademarks ‘Huawei Metaverse’ and ‘Apple Metaverse’ were applied for registration by a certain technology company in Nanjing, with the international classification of trademarks being website services and educational entertainment, and the current status of the trademarks is all ‘awaiting substantive examination’. It is worth mentioning that previously, the trademark ‘Xiaomi Metaverse’ was applied for registration by a blockchain company in Shenzhen, and the status of this trademark is still ‘awaiting substantive examination’.

　　【University of Pennsylvania Wharton School partners with Coinbase to accept cryptocurrency payments for its online blockchain course fees】

　　According to CoinDesk, on October 28th, the Wharton School of the University of Pennsylvania released a statement saying that its new online executive education program will accept various cryptocurrency payments through Coinbase, including Bitcoin, Ethereum, and USDC. According to the statement, this Ivy League business school is launching a six-week course on ‘Blockchain and Digital Asset Economics’, aimed at ‘business and technology professionals seeking to understand blockchain and digital assets through their value-driven principles’. The Wharton School said it will be the first Ivy League school or American business school to accept cryptocurrency from program participants. In addition, the Wharton School will collaborate with blockchain consulting firm Prysm Group to provide this certificate course.

　　【Popular music producer Timbaland releases Ethereum music NFTs that can be remixed】

　　According to Decrypt news on October 27th, popular music producer Timbaland is releasing NFT collections on Ethereum. The NFT will be launched on November 2nd, and it is designed around the tracks of his upcoming EP titled ‘OperaNoir’. Each song in the EP is divided into several individual elements, which will be auctioned as separate Ethereum NFTs. In the end, collectors who own at least two NFTs will be able to access a web-based remixing application, where they can insert song components to create custom remixes.

　　Flow and Dapper Labs each applied for 108 pieces of Land to establish virtual headquarters in the MetaVerse project Matrix World.

　　On October 28th, the MetaVerse project Matrix World said that Flow and Dapper Labs each applied for 108 pieces of Land to establish virtual headquarters in Matrix World. The official also said that the presale application is still open. It is introduced that Matrix World is a 3D programmable multi-chain MetaVerse.

　　Facebook announced that it would change its name to Meta, and its MetaVerse will support NFT.

　　According to CNBC’s report on October 29th, Facebook announced on Thursday that it would change the company’s name to ‘Meta’. The company’s stock code will change from ‘FB’ to ‘MVRS’ starting from December 1st. In an open letter, Zuckerberg wrote: ‘We hope that in the next ten years, the MetaVerse will cover one billion people, carry hundreds of billions of digital business, and provide job opportunities for millions of creators and developers.’ Zuckerberg predicts that the elements of the MetaVerse may become mainstream in 5 to 10 years. The company is expected to invest tens of billions of dollars in the next few years before the MetaVerse reaches scale.

　　In a letter, Zuckerberg mentioned, ‘From the very beginning, privacy and security need to be embedded in the MetaVerse. Open standards and interoperability are also the same. This not only requires new technical work – such as supporting encryption and NFT projects in the community – but also new governance forms. Most importantly, we need to help build an ecosystem so that more people can benefit in the future, not only as consumers but also as creators.

　　According to CoinDesk, Facebook’s MetaVerse product manager Vishal Shah said: ‘This will make it easier for people to sell NFTs and other limited edition digital objects, display them in their digital spaces, and even resell them safely to the next person.

　　NFT collector Farokh.eth bought CryptoPunk #9998 for about 5.32 billion US dollars, but it is suspected of being a self-purchase and speculation behavior.

　　October 29th news, NFT collector, Twitter user Farokh.eth tweeted that he purchased the CryptoPunk #9998 NFT artwork for a price of 124,457ETH (about 5.32 billion US dollars). This price is the highest in history for a chain NFT sale priced in US dollars. Flashbots product manager Robert Miller analyzed that this transaction does not belong to a real transaction, there are no contract vulnerabilities in the transaction, no one made money from it, and it is more like an action to create marketing effects on Twitter.

　　[Tencent’s affiliated company invests in the establishment of a new company, the business scope includes blockchain technology related software and services]

　　On October 29, Qichacha APP showed that on October 29, Tengyun Technology Co., Ltd. was established, with Wang Lei as the legal representative, with a registered capital of 20 million yuan, and the business scope includes: Internet information services; network culture operation; blockchain technology related software and services; digital cultural and creative software development, etc. Qichacha equity penetration shows that the main shareholder of the company is Yunnan Tengyun Information Industry Co., Ltd., holding 60% of the shares, and the main shareholder of the latter is Linzhi Tencent Technology Co., Ltd., holding 51% of the shares.

　　[McDonald’s in the United States will start giving away 10 McRib NFTs for free from November 1]

　　According to CNN news on October 28, McDonald’s in the United States decided to give away 10 McRib NFTs for free next week to commemorate the 40th anniversary of the birth of the McRib sandwich. The company said in a statement: ‘Our McRib NFT is the digital version of the most beloved sandwich by fans, almost as delicious as the McRib itself, and we will give them to some lucky fans on Twitter starting November 1. Follow McDonald’s Twitter account and retweet the sweepstakes post between November 1 and 7 to have a chance to win this prize.’

　　[Hubei Provincial Museum tries water digital collection ‘Yue King Goujue Sword’, Ant Chain provides technical support]

　　At 12 o’clock on October 29, the digital collection of the National Treasure of the Hubei Provincial Museum, the ‘Yue King Goujue Sword’, was officially issued to the public. Ant Chain provided technical support. It is learned that this batch of digital collections totals 10,000 pieces and was sold out as soon as it was launched. Ant Chain initiated the Treasure Plan in October, opening up可信 digital technology, combining blockchain, 3D, IoT, voice interaction, virtual reality and other technologies to provide integrated technical solutions.

　　[CoinMarketCap launches the Night of Horror NFT]

　　BitBay news, on October 29, CoinMarketCap announced the launch of the Night of Horror NFT to celebrate Halloween. It is reported that this exclusive NFT was created by the artist Pixel Queen from the NFTb platform and is one of the prizes related to the CoinMarketCap loyalty reward program. Users can only purchase it through the diamond props provided by the CoinMarketCap platform.

　　[Tencent Cloud to help Aoyadesign build a blockchain business system]

　　According to Tonghuashun news, Aoyadesign announced at noon on October 29 that it has signed a ‘Strategic Cooperation Agreement’ with Tencent Cloud. It is planned to carry out all-round cooperation in fields such as overall digital experience content, cultural and creative design, and intelligent system construction. To create a digital platform for the cultural tourism industry, to build intelligent scenes, and to create new models for cultural tourism operations. In the future, Tencent Cloud will leverage its advantages in cutting-edge technologies such as blockchain to help Aoyadesign build a blockchain business system with its own characteristics.

　　[Subscription app Subme reaches a partnership with blockchain real estate trading platform Terra Land]

　　According to official news, subscription app Subme announced a partnership with blockchain real estate trading platform Terra Land, allowing users to obtain exposure to the real estate market in the form of Terra Land subscriptions. In other words, Subme is creating a tokenized real estate average cost strategy for users.

　　[Starbucks CEO: Starbucks is exploring the tokenization of ‘Starbucks Points’, expected to be implemented within a year]

　　Seeking Alpha reported on October 29 that during Starbucks’ 2021 fourth quarter earnings call, Starbucks President and CEO Kevin Johnson said that through the payment cooperation between PayPal and Bakkt, customers can convert lottery and How to find it (including Bitcoin, Ethereum, etc.) into fiat currency to recharge Starbucks membership cards. Kevin also said that through blockchain technology, Starbucks is exploring the tokenization of “Starbucks Points”, aiming to link rewards with other brands, allowing customers to participate in cross-brand value exchange, enhance digital services, and is expected to be implemented within a year.

　　Previous news reported that in March this year, cryptocurrency trading platform Bakkt, together with partners such as Starbucks, launched a digital wallet application. Users of the program can realize functions such as buying and selling Bitcoin, paying friends with Bitcoin and cash, purchasing discounted gift cards for more than 75 brands, and converting selected loyalty points into cash.

　　[Gaming giant Ubisoft plans to create blockchain games to achieve more Play-to-Earn]

　　According to a report from IGN Southeast Asia on October 29, during the second quarter earnings call, the CEO of gaming giant Ubisoft (Ubisoft), Yves Guillemot, confirmed that Ubisoft wants to invest in companies using blockchain and also create its own blockchain games. It is reported that Animoca Brands recently completed a $65 million financing round, with Ubisoft participating. In addition to investing in Animoca Brands, Ubisoft is also a founding member of the Blockchain Game Alliance and has been exploring this technology since the early stages of development.

　　Ubisoft’s Chief Financial Officer Frédérick Duguet said that it may be possible to see a new monetization strategy in the form of blockchain finally appear in Ubisoft games. Duguet said, “(Blockchain) will enable more Play-to-Earn, which will allow more players to truly obtain and own content, and we believe this will greatly promote the development of the industry. We have been working with many small companies that use blockchain, and we have gained a good understanding of how it affects the industry, and we hope to become one of the main participants here.”

　　[Encrypted fashion brand RTFKT Studios will collaborate with Takashi Murakami to launch the NFT avatar project]

　　According to Hypebeast, on October 29th, encrypted fashion brand RTFKT Studios announced that it will collaborate with contemporary artist Takashi Murakami to build its NFT avatar project CLONE X, which will be launched in November. The two parties are working together to develop a series of Avatars, that is, 20,000 digitally generated 3D characters, each with pre-designed features with random classifications. Takashi Murakami designed the eyes, mouth, helmet, clothing, and ‘features’ for the characters, integrating the iconic elements of Takashi Murakami. This project is a tribute to the CryptoPunks series.

　　[Blockchain media Decrypt launches media DAO PubDAO]

　　On October 30th, blockchain media Decrypt announced the launch of media DAO PubDAO, an organization built by Decrypt, The Defiant, ACJR, and contributors from other DAOs such as Friends with Benefits, Gitcoin, Collab.Land, Digitalax, API3, and others. Decrypt said that PubDAO is similar to a decentralized Associated Press, a decentralized cryptocurrency news network, planning to eventually develop into a union composed of writers, editors, photographers, illustrators, advertisers, and marketers, bringing better monetization methods and a healthier ecosystem.

　　[Arche Network will cooperate with CoinMarketCap to issue NBA star McGrady’s NFT mystery boxes]

　　On October 29th, the decentralized encrypted asset store Arche Network announced that it will launch version 2.0 in November. Arche Network is collaborating with Binance NFT and NFKings to issue NBA star Tracy McGrady’s NFT mystery boxes. The NFT is designed based on Tracy McGrady’s 35-second 13-point moment and is granted exclusive NFT authorization for the moment. Arche Network will cooperate with CoinMarketCap to airdrop 3513 NFT mystery boxes to eligible community users on November 7th.

　　[Amazon Web Services (AWS) hopes to promote digital asset settlement and cloud custody services]

　　According to a report by CoinDesk on October 31, according to a recent job posting, Amazon Web Services (AWS) is looking for an expert to promote the underwriting, trading processing, and cloud custody of digital assets. This infrastructure giant hopes to hire a financial services expert to cooperate with global financial institutions and innovative financial technology companies, and ‘change the way they trade digital assets (such as cryptocurrencies, CBDCs, stablecoins, securities-backed tokens, asset-backed tokens, and NFTs) from price discovery to execution, settlement, and custody.’

　　According to previous recruitment information, Amazon’s highly anticipated entry into digital assets is expected to include some form of payment token, known as the ‘Amazon Coin’. At the same time, AWS has customized infrastructure for cryptocurrency trading processing and custody, which may be considered a wise move, and IBM is doing the same.

　　[The first national blockchain intellectual property protection workstation was unveiled and established]

　　According to the information from the Shenzhen Information Service Industry Blockchain Association, on the afternoon of October 29, the first blockchain intellectual property protection workstation in China was揭牌 established at the Shenzhen Information Service Industry Blockchain Association. Bai Ling, Deputy Director of the Shenzhen Social Organization Administration Bureau, and Zeng Yaodong, Director of the Intellectual Property Protection Department of the Shenzhen Market Supervision Administration, unveiled the workstation. Subsequently, a blockchain intellectual property protection seminar was held.

　　Zeng Yaodong, Director of the Intellectual Property Protection Department of the Shenzhen Market Supervision Administration, said that the establishment of the Shenzhen Information Service Industry Blockchain Association Intellectual Property Protection Workstation is an important part of Shenzhen’s effort to further improve the social governance network for intellectual property protection. It is hoped that the association will give full play to the platform role of the workstation, actively connect with the protection center of the competent authorities, coordinate various service resources to provide policy consultation, information search, dispute coordination, dispute resolution, certification training and other intellectual property protection services for member enterprises, and continuously enhance the brand of member enterprises, give full play to the positive role of intellectual property in promoting the innovation and development of enterprises; implement and promote the work of blockchain intellectual property protection, enhance the awareness of intellectual property protection in the blockchain industry, and improve the intellectual property rights protection and protection system.

　　[Manchester United star Cristiano Ronaldo’s NFT trading card is scheduled for auction in November, with a predicted price of up to 1 million US dollars]

　　According to a report by RT on October 31, a Manchester United star Cristiano Ronaldo NFT trading card will be auctioned at the Bonhams auction house from November 1st to 11th. This auction will accept cryptocurrency payments, and the expected sale price may reach 775,000 pounds (about 1 million US dollars).

　　Bitcoin.com, on October 31st, the National Copyright Trading Center Alliance, the China Academy of Art, the Hangzhou Internet Notary Office of Zhejiang Province, the China Central Television Animation Group, the Hunan Provincial Museum, Ant Group, JD Technology, Tencent Cloud, and other institutions jointly released the

　　According to information, this is the first industry convention in China aimed at the digital cultural and creative industry, including 11 consensus items, namely: empowering the real economy, promoting national culture, promoting industry development, adhering to original and genuine, ensuring value support, protecting consumer rights and interests, ensuring controllable blockchain technology, maintaining network information security, eliminating online casino and How to find it, preventing speculation and speculation and financialization risks, as well as preventing money laundering risks.

　　The Central Bank lottery and How to find it

　　[Industrial and Commercial Bank of China joins hands with Huawei to launch the digital RMB wearable payment project]

　　According to the message from the Mobile Payment Network, on October 23rd, the Industrial and Commercial Bank of China was invited to attend the Huawei Developer Conference 2021 (Together) and shared the innovative achievements of the

　　According to the news from the Shenzhen News Network on October 25th, the

　　According to the message from the Mobile Payment Network, on October 19th, the Shenzhen Regulatory Bureau of the China Banking and Insurance Regulatory Commission, the Shenzhen Branch of the People’s Bank of China, and the Shenzhen Local Financial Supervision and Administration Bureau jointly issued the

　　[Seven departments in Hainan: promote the application of digital renminbi in rural areas]

　　According to a report by the Mobile Payment Network on October 26th, the Hainan Branch of the People’s Bank of China, the Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, the Hainan Regulatory Bureau of the China Securities Regulatory Commission, the Finance Department of Hainan Province, the Department of Agriculture, Rural Affairs, and Rural Revitalization of Hainan Province, and the Hainan Local Financial Supervision and Administration Bureau recently jointly issued the ‘Implementation Opinions on Financial Support for Hainan Province to Consolidate and Expand the Results of Poverty Alleviation and to comprehensively promote rural revitalization’. The ‘Implementation Opinions’ emphasize particularly that it is necessary to gradually promote the application of digital renminbi in rural Hainan.

　　[Within 24 hours after the launch of Nigeria’s central bank digital currency eNaira, the download volume of the digital currency wallet was about 200,000]

　　According to a report by AllAfrica on October 27th, data breakdown obtained by the local media in Nigeria, THISDAY, shows that less than a day after the Nigerian president announced the launch of the digital currency eNaira, 156,700 consumer wallets and 23,650 merchant wallets have been established.

　　Previous news reported that Nigeria officially launched its central bank digital currency eNaira on Monday, and also released two types of digital currency wallets, ‘eNaira speed wallet’ and ‘eNaira merchant wallet’.

　　[The ECB has appointed 30 members to its new ‘Digital Euro Market Consultation Group’]

　　According to a report by TheBlock on October 27th, the European Central Bank (ECB) has appointed 30 members to its new ‘Digital Euro Market Consultation Group’. Members will provide advice to the Eurosystem on the design and distribution of potential digital euros and central bank digital currency (CBDC). The Eurosystem is the monetary authority of the euro area, consisting of the European Central Bank and the national central banks of member states using the euro. The ECB launched the digital euro project in July during the investigation phase. At that time, it stated that a market consultation group would consider the views of potential users and distributors on digital euros.

　　Now the team is in place, and quarterly meetings will be held starting next month, with written consultations organized between meetings. The team includes senior business professionals from organizations such as BBVA, Deutsche Bank, Societe Generale, the European Payments Council, Stripe, and IKEA.

　　[Hong Kong Monetary Authority President Yu Weiweng: Next Week to Announce Lottery and How to find it Cross-border Payment and Business Data Channel Roadmap]

　　According to a report by Radio Hong Kong on October 29th, the Financial Technology Week will be held next week, and Yu Weiweng, President of the Hong Kong Monetary Authority, revealed that the roadmap for cross-border payment of lottery and How to find it and ‘Business Data Channel’ will be announced at that time. Yu Weiweng said that in terms of cross-border use of lottery and How to find it, the Hong Kong region is the most mature and closest to real-world application. The Hong Kong Monetary Authority, the People’s Bank of China, the Central Bank of Thailand, the Central Bank of the United Arab Emirates, and the Bank for International Settlements have completed the ‘concept testing’ and will explore how to commercialize it, hoping to conduct real transactions next year.

　　In addition, Yu Weiweng pointed out that in recent years, the development of electronic payments in Hong Kong has been rapid, and the number of virtual bank accounts has now exceeded 1 million, ranking among the top internationally in the development of financial technology. He hopes that the feasibility study of the digital Hong Kong dollar will have an initial conclusion by the middle of next year, and whether it will have an impact on the financial system and banking business is one of the research directions.

　　[UnionPay Business Connects to Digital RMB Interconnectivity Platform]

　　According to a report by the Shanghai Securities News on October 29th, the UnionPay Business Digital RMB acceptance system has successfully connected to the Digital RMB Interconnectivity Platform recently and completed the first merchant transaction in the pilot areas. UnionPay Business said that after the connection, it will be possible to achieve ‘one-time development for full connection’, which will greatly save the development and construction costs of UnionPay Business and its cooperative institutions in the future, and lay a solid foundation for further expansion of the digital RMB product functions and application scope, and promote the construction of the digital RMB ecosystem.

　　[French Central Bank Completes CBDC Pilot Experiment]

　　According to a report by Coingeek on October 29th, after the French central bank used the central bank lottery and How to find it to purchase bonds, this 10-month experimental plan has also been completed, making it the largest CBDC experiment in Europe to date. IBM Global Director of Financial Markets Soren Mortensen said: ‘The project far exceeds previous blockchain plans, as it successfully tested most central securities depository institutions and central bank processes, while eliminating some temporary steps, such as reconciliation between market intermediaries.’

　　According to the Intercontinental News, recently, the General Office of the Shanghai Municipal People’s Government issued the

　　[Vietnam Central Bank May Weigh the ‘Lottery and How to find it’ Policy]

　　According to Jintian News, the Vietnamese media VNexpress reported that the central bank of Vietnam will weigh the ‘lottery and How to find it’ policy.

　　[Hong Kong Individuals Complete the First Case of Using Digital RMB to Pay Taxes in Shenzhen]

　　According to the Shenzhen News Network, recently, Mr. Chen, a businessman from Hong Kong, China, who has started a business in Shenzhen, declared his personal income tax for September at the Qianhai Tax Bureau Service Hall and successfully paid the tax with digital RMB. This is the first case of an individual in Hong Kong using digital RMB to pay taxes in Shenzhen, marking an important step for the Shenzhen Tax Bureau in exploring the tax payment scenarios of digital RMB, and also means that Shenzhen and Hong Kong have entered a new stage in promoting cross-border tax payment business.

　　[Digital RMB to Coexist with Cash Long-term]

　　According to the China News Network, October 30 report, the People’s Bank of China has announced the penalty situation for refusing cash in RMB in the third quarter of 2021. The responsible person of the relevant department of the central bank said that at present, our country has formed a diversified payment tool system coexisting with cash, bank cards, internet payment, and mobile payment, and is carrying out pilot projects of digital RMB in some areas. Electronic payment is not a reason for refusing cash. The digital RMB will coexist with cash in the future and will not have a significant impact on the existing financial system and real economy. The digital RMB and cash will coexist for a long time in the future.

　　[Fintech company TFOB builds a payment platform for the Jamaica CBDC pilot]

　　On October 31st, according to Jamaica Gleaner, NCB Financial Group (NCBFG) has established a new fintech company TFOB (2021) Limited to build its latest project, the Lynk payment platform, which will become a channel for banks to participate in the ongoing central bank lottery and How to find it (CBDC) pilot conducted by the Bank of Jamaica.

　　TFOB was established in April this year and is a wholly-owned subsidiary of NCB Financial. The positioning of TFOB and its Lynk platform is not only a tool for staff and a few customers of the Jamaica National Commercial Bank (NCB) to conduct closed market testing of CBDC, but also not just a tool that will ultimately be launched to the public. The acronym TFOB stands for ‘the future of business,’ led by Vernon James.

　　Investment and financing news

　　[India’s asset management platform Groww completes a $251 million financing at a valuation of $3 billion, plans to launch encrypted investment services]

　　According to a report by Livemint on October 25th, India’s asset management platform Groww has completed a $251 million E round of financing at a valuation of $3 billion, with Iconiq Growth leading the investment, and existing investors including Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture Partners, as well as new investors such as Alkeon, Lone Pine Capital, and Steadfast participating.sports betting method and The latest plan

　　[India’s asset management platform Groww completes a $251 million E round of financing, may launch encrypted investment products]

　　According to a report by livemint on October 25th, India’s investment platform Groww has completed a $251 million E round of financing, led by Iconiq Growth, with Sequoia Capital, Ribbit Capital, YC Continuity, Tiger Global, Propel Venture Partners, Alkeon, Lone Pine Capital, and Steadfast participating in the investment.

　　【法国公司Crypto Blockchain Industries将在巴黎股票市场上市】

　　据路透社消息，法国公司Crypto Blockchain Industries宣布，将在巴黎泛欧交易所成长型股票市场上市。该公司表示，其股票将以2欧元的价格上市，上市后市值约为3870万欧元（4500万美元）。

　　【加密风投公司Sino Global Capital推出2亿美元基金，将投资DeFi和NFT等领域】

　　According to a report by The Block, on October 25th, Sino Global Capital, a Chinese cryptocurrency venture capital firm led by Matthew Graham, announced the launch of a $200 million fund supported by FTX. Sino Global said that the fund, Liquid Value Fund I, is a closed-end fund, meaning its ceiling is $200 million.

　　【NFT平台OnChain Studios完成750万美元融资，A16z领投】

　　据Coindesk 10月25日消息，NFT平台OnChain Studios已完成750万美元融资，A16z领投，Dapper Labs、Draper&Associates、CoinFund、Sound Ventures、Collab+Currency和WndrCo参投。

　　[NEAR launches an $800 million ecosystem development fund, focusing on the DeFi field]

　　According to a report by Coindesk on October 25th, NEAR announced the launch of an $800 million ecosystem development donation program, of which $2.5 billion will be allocated to the ecosystem fund within four years; $1 billion will be used for regional funds; and $1 billion will be dedicated to startups. In addition, DeFi will be a key focus of the program, with Proximity Labs providing a special fund of $3.5 billion, and the newly established DeFi DAO will manage these funds, with the protocol able to apply for liquidity mining project funds through the DeFi DAO.

　　[Sports social game developer GreenPark Sports completes a $31 million B round of financing to advance NFT plans and Metaverse vision]

　　According to a report by SportsProMedia on October 26th, GreenPark Sports, a sports social game developer, has completed a $31 million B round of financing, with existing investors Galaxy Interactive, Sapphire Sport, SignalFire, and Advantage leading the round, and new investors including Nassef Sawiris’ NNS Group, Gaingels, DH.VC, and Alameda Research participating.

　　[South Korea’s technology giant Kakao invests 1 million USD in Metaverse Entertainment under Netmarble]

　　According to a report by KoreaBizWire on October 26th, South Korea’s technology giant Kakao’s entertainment subsidiary, Kakao Entertainment, announced on Monday that it has made a strategic investment of 12 billion KRW (10.2 million USD) in Netmarble, a game developer, under its Metaverse Entertainment division, and the investment will be made through a third-party equity matching method. The company plans to launch a virtual Korean Wave idol group before the end of next year.

　　[Polkadot ecosystem NFT public chain Unique Network raises $11.3 million in financing, with Outlier Ventures leading the investment]

　　According to a report by Block Leaders on October 26, the Polkadot ecosystem NFT public chain Unique Network announced today that it has raised $11.3 million in financing, bringing the total financing amount to $16 million. This round of investment was led by Outlier Ventures, with The LAO, Flamingo, Nalu Capital, and over 200 other investors participating (including existing investors).

　　[Social NFT platform Hyy.pe completes $2 million financing round, with Elevation Capital leading the investment]

　　According to Livemint, social NFT platform Hyy.pe announced on Tuesday that it has completed a $2 million financing round, led by Elevation Capital, with co-founders Ryan Adams and David Hoffman of Bankless, Visa’s crypto lead Cuy Sheffield, and co-founder Farid Ahsan of ShareChat among the angel investors participating.

　　[Decentralized protocol Swivel completes $3.5 million financing round, with IOSG Ventures, Multicoin Capital, and others participating in the investment]

　　According to Decrypt on October 26, the decentralized protocol Swivel, which supports fixed-rate loans and interest rate derivatives, has completed a $3.5 million strategic round of financing, with IOSG Ventures, Multicoin Capital, CMT Digital, Ambergroup, GSR Markets, SCC Investments (Genesis Trading), Fenbushi Capital, and SevenX Ventures participating in the investment.

　　[DeFi security platform Immunefi raises $5.5 million in funding, with Blueprint Forest and others participating in the investment]

　　According to a report by Cointelegraph on October 26, the DeFi security platform Immunefi announced that it has raised $5.5 million in funding, with investors including Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capital, and 11 other institutional investors as well as a series of private investors.

　　【去中心化协议Minima完成650万美元A轮融资，GSR等参投】

　　据Cryptodaily消息，去中心化协议Minima完成650万美元A轮融资，GSR、DEX Ventures、AGE Crypto、SMO Capital、Vinny Lingham等参投。

　　【红杉资本将通过红杉基金重塑投资结构，并将进一步增加加密货币等投资】

　　10月26日，红杉资本（Sequoia Capital）发文宣布将围绕单一基金重塑在其美国和欧洲的投资结构，即将构建单一基金红杉基金（The Sequoia Fund），红杉基金将依次将资金分配给一系列封闭式子基金，用于从成立到首次公开募股的每个阶段的风险投资，然后再将投资回报重新部署到未来的投资中，且投资将不再设有到期日。另外，红杉资本也将成为注册投资顾问，并将进一步增加对新兴资产类别的投资，例如加密货币。

　　【法国公司Crypto Blockchain Industries将在巴黎股票市场上市】

　　据路透社消息，法国公司Crypto Blockchain Industries宣布，将在巴黎泛欧交易所成长型股票市场上市。该公司表示，其股票将以2欧元的价格上市，上市后市值约为3870万欧元（4500万美元）。

　　【加密风投公司Sino Global Capital推出2亿美元基金，将投资DeFi和NFT等领域】

　　据The Block消息， 10月25日，由Matthew Graham领导的位于中国的加密货币风险投资公司Sino Global Capital宣布在FTX的支持下推出了一个2亿美元的基金。S据悉，Liquid Value Fund I将投资于加密项目，包括DeFi和NFT基础设施，并更多地关注Solana和以太坊生态系统。

　　【NFT平台OnChain Studios完成750万美元融资，A16z领投】

　　据Coindesk 10月25日消息，NFT平台OnChain Studios已完成750万美元融资，A16z领投，Dapper Labs、Draper&Associates、CoinFund、Sound Ventures、Collab+Currency和WndrCo参投。

　　Solana ecosystem lending protocol Solend completes a $6.5 million financing round, with Coinbase Ventures and others participating

　　On October 27th, Solana ecosystem lending protocol Solend issued a statement announcing the completion of a $6.5 million financing round, with participation from Polychain, Dragonfly, Race, Coinbase Ventures, Solana Ventures, Alameda Research, Aave’s Stani, dYdX’s Antonio, Balaji Srinivasan, UMA’s Hart, 0xMaki, Ribbon’s Julian, DCFGod, Petrock, and Epsilon Trading.

　　Solana ecosystem Drift Protocol secures $3.8 million in financing, led by Multicoin Capital

　　According to News bitcoin, Solana ecosystem perpetual trading platform Drift Protocol announced the launch of its mainnet on October 25th and secured $3.8 million in financing. This round was led by Multicoin Capital, with participation from Jump Capital, QCP Capital, Not3Lau, and Alameda Research.

　　Blockchain game Sipher completes a $6.8 million seed round of financing, with Dragonfly Capital and others participating

　　On October 26th, blockchain game Sipher announced the completion of a $6.8 million seed round of financing. This round was led by Arrington Capital, Hashed, and Konvoy Ventures, with participation from Defiance Capital, Signum Capital, Dragonfly Capital, CMT Digital, BitKraft Ventures, Delphi Digital, Alameda Research, Fenbushi Capital, Sfermion, Hyperchain, GBV, Kyber Network, Coin98 Ventures, YGG, and Merit Circle. Other notable angel investors include Holly Liu (Kabam), Kun Gao (Crunchy Roll), and Alex Svanevik (Nansen.ai). The new funds will be used for the upcoming game ‘World of Sipheria’.

　　[Blockchain development platform QuickNode raises $35 million in financing, led by Tiger Global]

　　According to a report by coindesk on October 27, blockchain development platform QuickNode said on Wednesday that the company has raised $35 million in its A round of financing. This round is led by Tiger Global, with Alexis Ohanian’s Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and Anthony Pompliano participating.

　　[Credit card giant Visa invests in credit card technology startup Deserve]

　　According to a report by Bloomberg on October 27, Kalpesh Kapadia, co-founder and CEO of credit card technology startup Deserve, revealed in an interview that Visa Inc., the credit card giant, has become an investor in Deserve. It is reported that in July 2007, Deserve collaborated with cryptocurrency financial services provider BlockFi to launch the Visa credit card. This card allows customers to earn rewards in the form of Bitcoin. Kalpesh Kapadia said that the annual transaction volume of the card is close to $2 billion, and BlockFi cardholders are expected to spend about $30,000 per year, 50% higher than that of ordinary credit cardholders.

　　[Tulip Protocol, a Solana revenue aggregator, raises $5 million in financing, with Jump Capital and Alameda Research leading the investment]

　　According to a report by CoinDesk on October 27, Solana ecosystem revenue aggregator Tulip Protocol (formerly known as SolFarm) has completed a $5 million strategic financing round, with Jump Capital and Alameda Research leading the investment, and Amber Group, Cadenza Ventures, Fisher8 Capital, CMS Holdings, Rarestone Capital, FinTech Collective, and DV Chain participating.

　　[American Global Investors announces strategic investment in NFT business through Network Entertainment]

　　According to Globe News Wire, on October 27th, American Global Investors (NASDAQ stock code: GROW), a registered investment consulting company focusing on global professional markets, announced that it purchased 1 million shares in Network Entertainment, Inc. (“Network”) in its recent financing round.

　　[a16z announces investment in social DAO ‘Friends with Benefits’, with the amount of investment not disclosed]

　　On October 28th, a16z announced that it has invested in the social DAO ‘Friends with Benefits’, with the amount of investment not disclosed. a16z said it will provide guidance and plan to empower key community members to actively participate in governance through authorization.

　　[Polygon invests in NFT market Colexion to promote the adoption of NFTs in India]

　　According to EconomicTimes.IndiaTimes, on October 27th, Polygon announced that it has invested in the NFT market Colexion to promote the adoption of NFTs in India.

　　[Ark Invest under Cathie Wood buys over 2.22 million shares of Robinhood]

　　According to CoinDesk, on October 27th, Cathie Wood’s ARK Investment Management Company purchased over 2.22 million shares of Robinhood (HOOD), despite the poor returns from Robinhood’s cryptocurrency revenue. According to the trading notice on Wednesday, the ARKK fund increased its holding of about 172.8 thousand HOOD in its portfolio, with the fund’s weight about 0.28%; the ARKW fund increased its holding of about 32 thousand HOOD; and the ARKF fund increased its holding of about 192 thousand HOOD.

　　[Blockchain game company ArenaX Labs completes a $5 million seed financing round, with Paradigm leading the investment]

　　On October 27th, blockchain game company ArenaX Labs announced that it has completed a $5 million seed financing round, with Paradigm leading the investment and Framework participating.

　　[Ruby.Exchange, a NFT-based AMM exchange on SKALE, completes a $2.8 million financing round, with NGC and others participating]

　　On October 27th, the NFT-based AMM exchange Ruby.Exchange on SKALE announced that it has completed a $2.8 million financing round, with investors including NGC, Flow Ventures, Wintermute, SKALE Ecosystem Fund, Morningstar Ventures, Yield Ventures, HashKey, CitizenX, ZBS Capital, and some angel investors.

　　[Crypto infrastructure provider Alchemy completes a $2.5 billion financing round at a valuation of $3.5 billion, a16z leads the round]

　　According to a report by CoinDesk on October 28th, crypto infrastructure provider Alchemy completed a $2.5 billion financing round at a valuation of $3.5 billion, led by a16z, with other specific financing details not yet disclosed. Alchemy is a crypto infrastructure provider that can provide infrastructure support for projects such as NFTs and DeFi. It had previously announced on April 28th that it had completed a $80 million B round at a valuation of $5.05 billion, with participation from PanteraCapital, Coinbase, and others.

　　[NFT minting platform Nameless completes a $15 million financing round, Mechanism Capital leads the round]

　　According to a report by CoinDesk on October 28th, NFT minting platform Nameless announced that it had completed a $15 million financing round, led by Mechanism Capital, with Delphi Digital, Velvet Sea Ventures, Red Beard Ventures, Fenbushi Capital, Third Prime, Cultur3 Capital, Flamingo DAO, Michael Rubin, Spartan Group, D64 Ventures, The LAO, and Wursta Ventures participating in the round.

　　[Game developer Ex Populus completes a $3 million seed round of financing, Animoca Brands leads the round]

　　According to Business Wire, on October 28th, game developer Ex Populus announced that it had raised $3 million in a seed round through oversubscription, led by Animoca Brands, with CMS, Enjin, Infinity Ventures, Evernew, Polybius Capital, Decision Tree Ventures, Outlier Ventures, and Zipmex participating in the round.

　　[Blockchain startup Squads completes a $1.5 million seed round of financing, Collab+Currency leads the round]

　　According to a report by CoinDesk on October 29th, blockchain startup Squads completed a $1.5 million seed round of financing, led by Collab+Currency, with Reciprocal Ventures, Volt Capital, Chaotic Capital, 6thman Ventures, Republic Capital, 8186 Capital, and Solana Capital participating in the round.

　　【Blockchain development platform Moralis completes 13.4 million US dollar seed financing round, led by EQT Ventures】

　　According to a report by Crypto Reporter on October 29, the next-generation blockchain development platform Moralis based in Stockholm completed a 13.4 million US dollar seed financing round, led by EQT Ventures.

　　【NFT service provider GigLabs completes 4.5 million US dollar financing round, led by Dapper Labs】

　　According to a report by Ledger Insights on October 29, NFT service provider GigLabs announced the completion of a 4.5 million US dollar financing round, led by Panoramic Ventures and Dapper Labs, with Collab+Currency, Red Beard Ventures, Eterna Capital, Alumni Venture Group, Gaingels and Amino Capital participating.

　　【Coinbase Ventures made 49 investments in Q3, with Web3 infrastructure and protocols as the largest investment categories】

　　On October 29, Coinbase’s official blog released a summary report for the third quarter, in which Coinbase Ventures made a record 49 investments, with an average of one new transaction every about 1.8 days. This is an increase from 28 investments in the second quarter and 24 in the first quarter. As of the third quarter of 2021, the Ventures investment portfolio has exceeded 200 companies and projects. In the six investment categories of Coinbase Ventures, the largest proportion is Protocol + Web3 Infrastructure (29%), followed by DeFi (24%), CeFi (18%), Platform + Development Tools (15%), NFT + Metaverse (9%) and Others (5%). At the same time, Coinbase Ventures also shared observations on regulation, multi-chain ecosystem, Web3 user experience, and NFT and blockchain games.

　　【CMCC Global’s fourth cryptocurrency fund plans to raise 3 billion US dollars】

　　According to a report by Bloomberg on October 29, CMCC Global Asset Management, a Hong Kong-based venture capital company, has raised 90 million US dollars for its fourth cryptocurrency fund launched this April, aiming to reach a target of 3 billion US dollars by early next year. Part of the new funds will be used to invest in DeFi and NFT fields. CMCC said that Hong Kong tycoon Li Zekai (Richard Li) invested in the previous fund of CMCC through his investment management company PCCW Group, and will transfer to the latest fund together with other existing investors in the future.

　　【Insider: NYDIG acquires UK Bitcoin startup Bottlepay for about 300 million US dollars】

　　According to The Block on October 29th, sources revealed that the New York-based cryptocurrency company NYDIG has acquired the British payment startup Bottlepay, which focuses on the Bitcoin Lightning Network. NYDIG will pay the fee in shares, with the transaction value between $280 million and $300 million (equivalent to 3% of NYDIG’s shares). The acquisition was completed earlier this week.

　　[DeFi protocol Ardana raises $10 million, co-led by Three Arrows Capital and Ascensive Assets]

　　According to The Block on October 29th, the Cardano-based DeFi protocol Ardana completed a $10 million strategic financing round, co-led by Three Arrows Capital and Ascensive Assets, with participation from cFund, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW, MGNR, Selini Capital, Skynet Trading, and Portico Ventures.

　　[Cryptocurrency risk fund Collab Currency raises $60 million for new fund]

　　Babbitt News reported on October 29th that the cryptocurrency risk fund Collab Currency announced the completion of a $60 million new fund fundraising, which will continue to invest in early cryptocurrency projects. Collab Currency also lists its investment portfolio on its newly launched website. The fund II is kept at a smaller scale to maintain the same investment strategy as Fund I, providing $250,000 to $2 million in funds for early projects again.

　　[YieldFi platform Entropyfi completes $1.5 million seed round and private round of financing, led by 4RC]

　　On October 30th, YieldFi protocol Entropyfi announced the completion of a $1.5 million seed round and private round of financing, led by 4RC, with participation from Crypto.com, Hotbit, Woo Ventures, LD Capital, the Geek Investment Team, and angel investors ChainIDE, DeFi Dad, Block Master, and Justin Bram.

　　[NFT infrastructure protocol Label Foundation completes $1 million financing, led by HG Ventures]

　　According to Bitcoin News on October 25th, the NFT infrastructure protocol Label Foundation announced the completion of a $1 million private round of financing, led by HG Ventures, with participation from GBIC, Mindfulness Capital, IOST, M6, Adaptive, Icetea Labs, Alphabit, and Pragma.

　　Opinions

　　[Wanxiang Summit | Li Lihui: Decentralized finance is a hot spot of future international financial competition and global financial supervision]

　　Babbitt reported on the scene that on October 26th, the 7th Global Blockchain Summit hosted by Wanxiang Blockchain Lab was held in Shanghai. Li Lihui, former Governor of the Bank of China and Director of the Blockchain Research Working Group of the China Internet Finance Association, delivered an opening speech titled ‘Blockchain: Technological Innovation and Industrial Upgrade’. He said that decentralized finance is both a hot spot of future international financial competition and a hot spot of future global financial supervision. He also pointed out that open source is permeating more and more software products. Some experts believe that open source has become the mainstream of digital technological innovation, which can cross company boundaries and national boundaries, empowering the transformation and upgrade of industries. It should be noted that open source will also constitute system binding and technical dependence, and some open source software lack clear security responsibility entities and authoritative security performance certification, which may exist security vulnerabilities.

　　[Zuckerberg: Facebook’s goal is to reach 1 billion people in the metaverse]

　　According to a report by Engadget on October 25th, Mark Zuckerberg, CEO of Facebook, said during the latest earnings call that an important issue for Facebook is to build a metaverse vision, but Zuckerberg did not comment on the reports that Facebook plans to rename to reflect the focus on AR/VR business, but admitted that he indeed has a great ambition in this field. He emphasized that Facebook’s goal is to reach 1 billion people in the metaverse, which may bring a digital business market worth hundreds of billions of dollars. In addition, Mark Zuckerberg frankly admitted that the competitive pressure from TikTok, iMessage has been increasing, and Facebook will take more measures to win the ‘youth’ users aged 18 to 29.

　　[Wanxiang Summit | Xiao Feng, Chairman and General Manager of Wanxiang Blockchain: Distributed business has 9 major infrastructure, including lottery and How to find it, NFT, DAO, etc.]

　　On October 27th, the 7th Global Blockchain Summit, hosted by Wanxiang Blockchain Lab, was held in Shanghai. Xiao Feng, Deputy Chairman and Executive Director of Wanxiang Holdings and Chairman and General Manager of Wanxiang Blockchain, delivered a closing speech titled ‘Prospects of Distributed Business Infrastructure’. He said that distributed business refers to digital native (twin) business activities. The infrastructure supporting distributed business includes: lottery and How to find it (Coin); digital assets (Token); digital tokens (NFT); Bitcoin Lightning Network; decentralized global storage system; decentralized global computing power system; decentralized global privacy computing system; consensus algorithms and distributed accounting; decentralized business self-organization (DAO).

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