DeFi Daily | NFT Market Rarible partners with Adobe to protect NFT creators

DeFi data

1. The total market value of DeFi: $145.641 billion


DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: $6.36 billion


Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank

3. Total borrowings of DeFi lending platform: US$28.65 billion


Data source of total borrowings on DeFi lending platform: Debank

4.1 Assets locked in DeFi: $105.11 billion



The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data source: Debank

4.2 DeFi locked assets on the Ethereum chain: $77.94 billion



The top ten rankings of DeFi locked assets on the Ethereum chain and the amount of locked positions, data source: Debank

4.3 DeFi locked assets on the BSC chain: $14.46 billion



The top ten rankings of DeFi locked assets on the BSC chain and the amount of locked positions, data source: Debank

4.4DeFi locked assets on the Polygon chain: $3.46 billion



The top ten rankings of DeFi locked assets on the Polygon chain and the amount of locked positions, data source: Debank

4.5 DeFi locked assets on the Avalanche chain: $4.88 billion



The top ten ranking of DeFi locked assets on the Avalanche chain and the amount of locked positions, data source: Debank

DeFi hotspot

1.TrueUSD launches a $1 billion Fountain incentive plan to support the development of the DeFi ecosystem

On October 27th, the stablecoin project TrueUSD (TUSD) announced the launch of a Fountain incentive program worth 1 billion U.S. dollars. The program will serve as an incubator for emerging projects by introducing 1 billion U.S. dollars worth of TrueUSD and other digital assets to the DeFi ecosystem. Promote ecological growth. TrueUSD stated that it will fully support DeFi projects in different public chains and their ecology, and promote the growth of high-quality projects through in-depth strategic cooperation.

2. DeFi security platform Immunefi received 5.5 million US dollars in funding, Blueprint Forest and other institutions participated in the investment

On October 26, the DeFi security platform Immunefi announced that it has received US$5.5 million in funding. Investors include 11 institutional investors including Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capita, and a series of private investors. Immunefi will use these funds to advance its DeFi security services, provide asset protection for smart contract agreements, and implement financial incentives for well-intentioned hackers. According to reports, the service is responsible for protecting more than US$50 billion in contract assets in projects such as Synthetix, Chainlink, SushiSwap, and PancakeSwap. Since its establishment in December 2020, the platform has paid a total of US$7.5 million in vulnerability bonuses.

3. Solana Ecological Lending Agreement Solend completed US$6.5 million financing, Coinbase Ventures and others participated in the investment

On October 27th, Solana’s ecological lending agreement Solend completed $6.5 million in financing, Polychain, Dragonfly, Race, Coinbase Ventures, Solana Ventures, Alameda Research, Aave’s Stani, dYdX ‘s Antonio, Balaji Srinivasan, UMA’s Hart, 0xMaki, Ribbon Julian, DCFGod, Petrock, Epsilon Trading, etc. participated in the investment.

NFT hotspot

1. NFT market Rarible collaborates with Adobe to protect NFT creators

Golden Finance reports that software giant Adobe is trying to link social media profiles with encrypted wallet addresses to make it easier for NFT creators to prove that they are the artists behind their works. NFT market Rarible announced that it will cooperate with Adobe to allow NFT creators to display their content credentials to verify the authenticity of digital content. According to Adobe, this feature can add the wallet address and social media information of the NFT creator to the content voucher metadata of the tokens listed on Rarible, helping to “pass content attribution and verifiable authenticity. Sex to combat false news”. Rarible still seems to have the option to keep NFT creators anonymous, giving them the option to display encrypted address data associated with their online identities or full real social media profiles.

2. “The Economist” DeFi theme cover NFT sold for 99.9 ETH

On October 27th, the DeFi theme cover NFT of The Economist was sold on the Foundation platform at a price of 99.9 ETH, and is currently valued at approximately US$420,000. The cover “Into the Rabbit Hole: The Promises and Dangers of Decentralized Finance”, commissioned by digital artist Justin Metz, is based on Sir John Tenniel’s first edition of “Alice in Wonderland” published in 1865. This sale marks the first time this 178-year-old international publication has entered the NFT. “The Economist” will retain 10% of the royalty shares of the digital work. This auction and all future sales proceeds will be donated to the independent charity “The Economist Education Foundation”.

3. The total number of traders in the NFT game Axie Infinity exceeded 900,000

Golden Finance reports that according to the latest data, the total number of traders in the “playing and earning” NFT game Axie Infinity has exceeded 900,000, setting a record high. At the time of writing, it was 905,746. The current total transaction volume of Axie Infinity is US$2.75 billion. The volume exceeded 7.51 million.

4. The Ouyi NFT market supports Cryptopunks transactions with zero handling fees

According to official news, the Ouyi NFT market now supports direct trading of Cryptopunks. The platform will display the price and highest bid of Cryptopunks on the entire network, and support transactions. The transaction information of buyers and sellers in the Ouyi NFT market can be synchronized and traded on the whole network, including Opensea and Cryptopunks official website larvalabs. Currently, there are zero platform fees in the Ouyi NFT market. It is understood that currently Opensea only displays Cryptopunks and currently does not support trading. Ouyi NFT Market is a one-stop decentralized trading platform focusing on the NFT field. It supports multi-chain assets including ETH and OEC. It focuses on the advantages of decentralization, 0 handling fees, and support for Loot splitting functions.

5. Lawyer Jacob Martin and ZenLedger and others cooperate to launch NFT tax guide

On October 27, it was reported that Jacob Martin, a lawyer who provides legal consulting and guidance services for NFT and blockchain startups, worked with the encrypted tax software platform ZenLedger and a number of certified public accountants to launch a comprehensive tax guide “NFT Tax Guide” for the NFT community “However, users need to mint NFTs to gain access. Currently, the minting price of a single NFT is 0.08 ETH, and it will remain open until April 18, 2022. The guide includes a basic introduction to NFT, DeFi and DAO discussions, and compliance tips. Jacob Martin said that 25% of the proceeds (up to $2.5 million) will be used to fund the artist’s tax preparation costs.

6. Opulous and technology giant LINE reached a cooperation to jointly develop NFT products

On October 27, it was reported that Opulous, a financial platform for musicians driven by blockchain, and the Tech Plus department of technology giant LINE Corporation have established a strategic partnership to jointly develop NFT products. The two parties are also discussing the integration of Opulous Music NFT and LINE’s NFT Market to provide LINE users with more NFT options and help stimulate the growth of the NFT market. LINE Tech Plus stated that it will support Opulous in the development of blockchain services based on the LINE Blockchain Developers platform. It is reported that LINE is the owner of Japan’s largest instant messaging app (LINE) and Japan’s largest domestic streaming platform (LINE Music). Tech Plus is the operator of LINE’s cryptocurrency and blockchain-related businesses.

Posted by:CoinYuppie,Reprinted with attribution to:
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