DeFi Weekly|Foreign Media: Facebook Meta Universe will support NFT

DeFi data

1. The total market value of DeFi: $146.74 billion

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The price of the top ten currencies by market capitalization and the change this week, data source: CoinGecko

2. 24-hour trading volume of decentralized exchanges: US$5.56 billion

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Data source of DEX transaction volume in the past 24 hours: Debank

3. Total borrowings of DeFi lending platform: US$26.84 billion

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The proportion of loans in each DeFi lending platform Data source: Debank

4. The total value of locked assets in DeFi reaches US$107.40 billion

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DeFi ranked top ten lock-up volume data source: DeFi Pluse

Important DeFi developments:

SEC Chairman: Lack of protection measures will make DeFi end badly

Golden Finance reported that at the All-Market Summit of Yahoo Finance on Monday, according to US Securities and Exchange Commission (SEC) Chairman Gary Gensler, the emerging Decentralized Finance (DeFi) industry is one of the most innovative areas in the crypto field. But this does not mean that it can evade supervision. Although all of this is interesting, it reminds me of when P2P lending appeared about 15 years ago. According to Gensler, it took about three to five years for regulators to include the peer-to-peer system in the scope of investor protection. This is the process he is now seeing in DeFi. Although Gensler’s hope is that innovation will eventually survive, the most important thing is financial stability and public protection. Gensler said: “There are a lot of loans going on. There are a lot of transactions going on. If there are no safeguards, I am worried that the outcome will be terrible.”

DeFi pledge and liquidity strategy platform xToken plans to launch a lending platform on Arbitrum

On October 31, members of the DeFi pledge and liquidity strategy platform xToken team proposed in the governance community a plan to launch a lending platform on Arbitrum, which will be extended to other L2 and L1 protocols in the future. The xToken team members said that the UI of the lending platform has been completed and cross-chain work is being promoted. The goal is to launch a complete lending agreement on Arbitrum around Thanksgiving. xToken team members indicated that the initial lending platform will only support Ethernet Square , W BTC , LINK and other assets, the future will be launched xToken liquidity strategy and policy on the pledge L2 and L1.

DeFi protocol Project Serum launches liquidity mining plan with initial allocation of US$100 million

On October 29th, Project Serum, a liquidity infrastructure protocol based on the Solana blockchain, announced on Thursday that the Serum Decentralized Autonomous Organization (DAO) has voted to approve the launch of the liquidity mining plan with an initial allocation of US$100 million. This payment will be paid in Serum’s native SRM token and will be used as a reward mechanism for automatic market makers that directly cooperate with Serum’s on-chain order book.

Chainlink cooperates with CRD to achieve interoperability of KYC data across DeFi platforms

On October 29th, Chainlink announced that it will cooperate with the DeFi ecosystem CRD Network to bring all-in-one compliance solutions to various cross-DeFi platforms, which can not only achieve the interoperability of KYC data, but also allow DeFi applications to access the CRD Network Database to verify various indicators of the user’s digital address.

DeFi oracle Umbrella Network has been launched on Polygon mainnet

On October 29, the DeFi oracle Umbrella Network announced that its decentralized oracle is already running on the Polygon mainnet and can integrate native support for DApps built on Polygon. Umbrella Network will actively pursue multi-chain support and interoperability by integrating and supporting other chains, including Solana, Cardano, Avalanche, etc., in the next few months.

Vera and Solv collaborate to launch DeFi’s first liquid mining and pledge NFT reward program

According to official sources, Vera will cooperate with Solv to launch DeFi’s first liquid mining and pledge NFT reward program. This will be the first time the DeFi field uses ERC-20 and BEP-20 “Vera Voucher” NFTs to represent the pledge share of liquid miners. Miners can trade or liquidate NFTs in the secondary market without removing the pledge. This means that no matter how many NFT transactions are made, mining rewards can continue to accumulate in the escrow wallet. Solv will also provide pledge rewards and additional features for “Vera Voucher” buyers. Solv Protocol is a decentralized platform for creating, managing and trading financial NFTs. Founded in 2021, Vera provides NFT rental and mortgage services and has been supported by well-known investors such as Animoca Brands and Web3 Foundation.

DeFi project Clearpool launches Kucoin

According to official sources, the DeFi project Clearpool (CPOOL) will be launched on Kucoin BurningDrop at 18:00, October 26, 2021, Beijing time. Users can mine CPOOL through USDT/KCS/ ETH assets. During the burn acceleration period, users who have already participated can get more CPOOL rewards by burning POL. It is reported that Clearpool is a decentralized capital market ecosystem. Institutional borrowers can obtain unsecured liquidity, and liquidity providers can obtain risk-adjusted returns.

NFT

 

Foreign media: Facebook meta universe will support NFT

According to the presentation of the Facebook Connect 2021 conference, the company’s metaverse may support NFT. Vishal Shah, head of product at Facebook Meta Universe, said: “This will make it easier for people to sell limited edition digital objects such as NFTs, display them in their digital space, and even resell them safely to the next person.”

Manchester United star Ronaldo’s NFT trading card will be auctioned at Bonhams in November

On October 31st, a Manchester United star Cristiano Ronaldo (Cristiano Ronaldo) NFT trading card will be sold at the auction house Bonhams in the UK from November 1st to 11th. The auction will accept cryptocurrency payments, and it is estimated that the transaction price may be as high as 775,000 pounds (about 1 million US dollars).

Videos related to the NFT game 1Up that used the image of Super Mario were deleted from YouTube due to alleged infringement

It was reported on October 30 that after Nintendo took action, a video of an unauthorized game on 1Up, an NFT betting platform using the image of Super Mario, has been deleted from YouTube. It is understood that 1Up uses copyrighted materials, including the classic Mario Bros (Mario Elf), in a multiplayer platform game, which allows people to compete with their own NFT to obtain cash packs in the game. In a blog post in September 2021 (discovered by Kotaku), 1Up even claimed that it would “bring Mario and friends to the blockchain”, although it did not get the explicit participation or consent of Nintendo.

Militia.Games’ second batch of NFT blind boxes will be launched soon

According to official sources, the BSC chain Militia.Games game creation NFT8000 blind box was sold out within one hour yesterday, and the project party will launch MILIT tokens at 23:00 on the 30th. Users can purchase tokens to pledge NFT and trade with NFT on the platform. The second batch of MILIT blind boxes will be launched simultaneously. The total number of blind boxes is 16,000, and there will be no additional issuance in the future. Militia.Games integrates strategy, collection and development and other gameplay methods. It has strong gameplay and is also the main manifestation of NFT and meta-universe in the MILIT blockchain ecology.

Pop music producer Timbaland releases Ethereum music NFT that can be mixed

Golden Finance reports that pop music producer Timbaland is releasing NFT collections on Ethereum. The NFT will be launched on November 2 and will be built around the tracks in his upcoming EP called “OperaNoir”. Each song in the EP is divided into several separate elements, which will be auctioned separately as Ethereum NFT. Eventually, collectors with at least two NFTs will be able to access web-based mixing applications, and they will be able to insert song components to create custom mixes.

“Forbes” published an article on NFT taxation issues

On October 30th, “Forbes” published an article on October 28 on the issue of NFT taxation. It mentioned: Although the US Internal Revenue Service (IRS) has not issued any specific tax guidance for NFTs, most art-based NFTs (such as CryptoPunks) may be classified as under IRS§408(m)(2)(A) Collection. In this case, there are three scenarios that may trigger taxable events, namely: buying NFT with cryptocurrency; cashing out NFT or trading another NFT with NFT; obtaining NFT royalties in the form of cryptocurrency. In addition, the article mentioned that users holding an asset for less than 12 months and then selling it will generate short-term capital gains. For the highest taxation level, the highest tax rate for short-term income is 37%, and annual income exceeding a certain threshold is also subject to a 3.8% net investment income tax. Users who hold an asset for more than 12 months will generate long-term capital gains if they sell it. The long-term capital gains tax for cryptocurrencies is up to 20%. Similarly, those whose annual income exceeds a certain threshold are subject to a 3.8% net investment income tax. The maximum tax rate for long-term NFT income of high-income earners is 28%.

Venly wallet service and NFT market already support Avalanche blockchain

On October 30th, blockchain technology provider Venly recently announced that Venly users can create Avalanche wallets in their Venly wallets and trade Avalanche NFTs on the Venly market. With the help of the Venly wallet solution, projects on Avalanche can provide wallet services to its users. By using Venly’s market API, the Avalanche project can easily create an NFT market supported by Venly’s technology.

Well-known singer JJ Lin announced that he holds a customized NFT collection gifted by the developer of Cyber ​​Dolphin

On October 29 news, well-known singer Lin Junjie posted on social media that he has received a customized version of NFT from the developer of the Marine Environmental NFT project Cyber ​​Dolphin to support CyberDolphin’s marine protection actions.

“Super Bear Fandom” teamed up with Spores Network to launch NFT series

On October 27, it was reported that the Up Studios animation IP “Super BOOMi” invested by Tencent recently announced in-depth cooperation with the cross-chain NFT platform Spores Network. The first batch of animation creations created by the original animation crew will soon be launched. Of exclusive NFT collections.

Disney will launch NFT digital collection

On October 28th, NFT platform Veve announced that it will launch NFT digital collections for Disney, which will become a part of Disney+’s promotional activities on Disney’s streaming media platform. It has not yet revealed which NFTs for specific characters are provided, but it is expected that the scope will not be limited to Disney animation characters, but will also cover the characters of the group’s companies, including Marvel (Spiderman), Pixar (Toy Story, Cars, Finding Nemo, Incredibles) ), Star Wars, etc. The batch of NFTs will soon land on the VeVe application and become a highlight of Disney+ Day on November 12. Some NFT buyers will get Disney+ limited membership services. VeVe has previously launched the Marvel series of NFTs and hosted the Superman NFT under DC. Other licensed assets include 007, Star Trek, Back to the Future, etc.

“The Wolf of Wall Street” tweeted that it has joined the NFT boom

On October 26th, “The Wolf of Wall Street” Jordan Belfort tweeted that he has joined the NFT boom and does not intend to leave this field. Jordan Belfort bought Cryptopunk#6033 for $423,000 and used it as his Twitter profile picture. It is reported that he used every opportunity to criticize cryptocurrency a few years ago. The epidemic and the actions taken by governments of various countries made him change his attitude and predicted that Bitcoin will reach the height of 100,000 US dollars.

Vera and Solv collaborate to launch DeFi’s first liquid mining and pledge NFT reward program

According to official sources, Vera will cooperate with Solv to launch DeFi’s first liquid mining and pledge NFT reward program. This will be the first time the DeFi field uses ERC-20 and BEP-20 “Vera Voucher” NFTs to represent the pledge share of liquid miners. Miners can trade or liquidate NFTs in the secondary market without removing the pledge. This means that no matter how many NFT transactions are made, mining rewards can continue to accumulate in the escrow wallet. Solv will also provide pledge rewards and additional features for “Vera Voucher” buyers. Solv Protocol is a decentralized platform for creating, managing and trading financial NFTs. Founded in 2021, Vera provides NFT rental and mortgage services and has been supported by well-known investors such as Animoca Brands and Web3 Foundation.

Star card brand Futera plans to create a football club through NFT sale

On October 28th, the star card brand Futera announced the launch of the NFT program Futera United. The program will sell 11,000 NFTs, each corresponding to a unique digital star card. When all the NFTs are sold out, the company will Create an NFT community football club from scratch, and NFT holders will guide the development direction of the club. These NFTs will be developed based on the historical theme of football and will incorporate hundreds of personality characteristics during the coining phase. After sales reach a certain percentage, different milestones will be triggered in the roadmap, including free NFT airdrops, the ability of NFT holders to purchase related products, and donations to poor children, etc.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/defi-weeklyforeign-media-facebook-meta-universe-will-support-nft/
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