Evening News | Jay Chou's BAYC was stolen; Element Finance issued tokens and airdropped
Meituan co-founder Wang Huiwen changed the signature of the Jike App to: "Learning Crypto"; Chiliz announced the launch of the public test network for Chiliz Chain 2.0.Organizer: Cookies, Chain Catcher
"What happened in the past 24 hours"
1. Jay Chou's BAYC #3738 NFT has been stolen
Jay Chou posted on Instagram that his BAYC #3738 NFT has been stolen. It is understood that this NFT was gifted to him by Huang Licheng (MachiBigBrother) in January this year.
According to information from Opensea and Ethscan, the NFT was transferred from Jay Chou's address an hour ago and was quickly traded multiple times on LooksRare for prices of 130 ETH and 155 ETH. (Source link)
2. Meituan co-founder Wang Huiwen changes his signature on the Jike App to: "Learning Crypto"
According to the Jike App, Meituan co-founder and former senior vice president Wang Huiwen has changed his signature to: "Learning Crypto." Previously, in February 2018, Wang Huiwen stated in his social circle that blockchain has torn apart the Chinese internet and shifted the main contradictions of the Chinese internet. The main contradiction has shifted from the conflict between giants and startups to the conflict between classical internet and blockchain. (Source link)
3. Fantom Foundation launches $480 million grant program
The Fantom Foundation announced the launch of a $480 million grant program, introducing a 335 million FTM incentive program through Gitcoin Grants, which will allow all Fantom projects to apply for matching incentive rewards using a secondary financing mechanism, distributing more FTM matching rewards to the projects that users love and support. The first round of Gitcoin Grants will be held in June. At the same time, the Fantom Foundation announced the cancellation of the previously announced incentive programs for DeFi and Games. (Source link)
4. EU lawmakers vote to pass the "Restrict Anonymous Crypto Transactions" proposal
EU lawmakers voted today in favor of a controversial measure to ban anonymous crypto transactions, with the industry stating that this move will stifle innovation and infringe on privacy. This proposal aims to extend anti-money laundering requirements applicable to regular payments over €1,000 ($1,114) to the crypto industry. They also removed the threshold for crypto payments, meaning even the smallest crypto transactions will require identification of the payer and payee, including transactions using non-custodial or self-custodial wallets. Further measures under discussion could lead to unregulated cryptocurrency exchanges being separated from the traditional financial system.
Governments expressed in December that they want to eliminate the €1,000 crypto threshold, as digital payments can easily bypass this limit and include private wallets operated by unregulated crypto asset providers. These plans must also be approved by Parliament and the ministers of member states meeting in the EU Council before becoming law.
5. Fixed-rate protocol Element Finance announces token issuance and airdrop to 15,000 addresses
Fixed-rate protocol Element Finance announced the issuance of the ELFI token and the launch of Element DAO, with a total issuance of 100 million tokens, of which 10% is allocated for retrospective airdrops, 41% for community treasury, 21% for investors, 21% for team, advisors, and strategic partners, and 7% for the foundation, with the airdrop snapshot taken on March 1.
Specifically, a total of 15,870 addresses are eligible for the airdrop, with 9,989 Element users receiving 7.5% of the share, including liquidity providers, minters, and traders, while 500 Element community members and 5,381 Ethereum ecosystem contributors will receive a 2.50% share, including Discord users engaged in meaningful conversations, Ethereum core developers, DeFi projects based on Element, L2 projects, etc.
Currently, Element users can check the airdrop amount on the official website, as well as claim tokens and delegate to voting nodes. Direct claims to wallets are not yet supported. Community members and Ethereum ecosystem contributors need to submit information using the ZK claim process on the official website and claim on April 6. (Source link)
6. SEC filings show CertiK raised nearly $88 million through stock issuance
SEC filings show that blockchain security audit company CertiK raised nearly $88 million through stock issuance. The initial sale date for this issuance was March 23, with a total amount of $87,999,975 raised from 15 investors, with details not disclosed.
Previous report indicated that CertiK announced the completion of an $80 million Series B financing in December last year, with a valuation of $1 billion, led by Sequoia Capital. (CoinDesk)
7. Chiliz announces the public testnet of Chiliz Chain 2.0 is now live
Sports and entertainment blockchain provider Chiliz announced that the public testnet "Scoville" for Chiliz Chain 2.0 (CC2) is now live, which is the first Layer 1 blockchain created specifically for the sports and entertainment industry. CC2 enables sports and entertainment brands to mint NFTs and fan tokens, build DeFi products and Play2Earn games, and create events, loyalty, and marketing programs, helping them unlock the immense potential of Web3.
The project states that CC2 is EVM compatible and will be supported by the CHZ token, marking a significant evolution of CHZ's utility from an in-app currency on the Chiliz fan engagement platform Socios.com to a new, open, vertical network-driven ecosystem. (Source link)
"What articles are the editors of Chain Catcher reading?"
1. "Analyzing StepN: Reasons for Its Sudden Popularity, Economic Model, and Future Development Direction"
StepN has rapidly gained popularity globally, sparking widespread reflection in the industry. Its success is attributed to the choice of a niche track, meeting user demands, the team's rapid development and implementation, thoughtful models and gameplay, significant endorsements from industry leaders, and support from Binance. More importantly, the team has not yet fully unleashed the project's potential, and the future development direction after achieving 0 to 1 is worth paying attention to.
On the other hand, both GameFi and Move To Earn have their own cycles, which may be relatively short. As enthusiasm wanes, prices drop, and old players become weary or clones emerge in large numbers, will StepN become a "flash in the pan"? This is also a question worth pondering.
2. "Jump Crypto: Detailed Explanation of Various Blockchain Scaling Solutions"
In a blog post in early 2017, Vitalik Buterin proposed the scalability trilemma, referring to the three main attributes that define the feasibility of blockchain systems: (1) Decentralization; (2) Security; (3) Scalability.
In these three aspects, we believe that scalability remains the most challenging issue to solve without excessively compromising the other two pillars. Security and decentralization are still crucial for the performance of these systems, but as we will see later, addressing the challenges of scaling distributed systems also provides key breakthroughs for decentralization and security, for very fundamental reasons. Therefore, we emphasize that the ability to effectively scale blockchains will be a key factor in determining the future success of the crypto industry more broadly.
At the end of March, the well-known blockchain game Axie Infinity's sidechain network Ronin Network suffered a hacking incident, losing approximately $620 million in assets, marking the most severe DeFi hacking incident to date, further deepening public concerns about the security of the crypto world.
In the past two years, massive funds have continuously flowed into the crypto industry, but its security remains very fragile, with numerous code vulnerabilities from centralized exchanges and DeFi projects repeatedly attacked by hackers. The number, frequency, and scale of various security incidents are rapidly increasing.
According to Slow Mist statistics, blockchain security incidents in 2021 resulted in losses exceeding $9.8 billion, involving 231 security incidents. Although a significant portion of the losses has been recovered or compensated by project parties, it still deeply wounds the crypto industry.
4. "Analysis of Five Popular Blockchain Games in the GameFi Sector: Who Will Be the Next Axie?"
Play-to-Earn can attract new users looking to make a living and retain users in a way that feels more like a long-term career. However, the short-term sidechain Ronin suffered a hacking attack, and the team's handling of the situation was not satisfactory, drawing criticism from the community. More rises may occur due to the momentum of the metaverse, with teams and projects profiting significantly.
However, Axie still needs to undergo sufficient time tests to become a true leader in the GameFi field. The "metaverse" requires not only entertainment and profit but also a sense of integration and coexistence.
