Evening News | Temasek may lead Animoca's new round of $100 million financing; Meta has supported the display of NFTs on Facebook and Instagram

Organizer: Cookies, Chain Catcher

"What Important Events Happened in the Last 24 Hours"

1. "Revelation" Ava Labs Lawyer Kyle Roche Responds: The Video is Highly Edited, False Statements, and Illegally Obtained

The Cryptoleaks website accused lawyer Kyle Roche, central to the secret agreement between his firm and Ava Labs, of denying any secret agreement with Ava Labs in a post on Medium, and claimed that the Cryptoleaks video is a false statement and illegally obtained, highly edited video clips.

Kyle Roche stated that the recordings published on the Cryptoleaks website were made at the request of ICP token creator Dominic Williams. Last October, Roche's firm Roche Freedman filed a class-action lawsuit against Williams and his Dfinity Foundation. He said, "The statements in the video are false, obtained through deceptive means, including using leading questions to deliberately poison me and then exploiting my plans."

Additionally, Ava Labs founder Emin Gün Sirer also made further responses on Medium, once again denying the accusations from Cryptoleaks and stating that Roche's allegations regarding ICP are independent of Ava Labs, and had previously attempted to persuade Roche to drop the lawsuit against Solana. Ava Labs' general counsel also wrote an article debunking Roche's baseless lawsuit. (Source link)

2. Bloomberg: Temasek to Lead Animoca Brands' New $100 Million Financing Round

According to Bloomberg citing informed sources, Temasek will lead a new $100 million financing round for Animoca Brands through convertible bonds, which will supplement the $359 million financing announced by Animoca Brands in January this year.

Previously, Chain Catcher reported on July 12 that Animoca Brands completed a $75 million financing with a pre-money valuation of $5.9 billion, with participation from Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and others. (Source link)

3. FTX Founder SBF: No Plans to Acquire Huobi

In response to rumors about FTX acquiring Huobi, FTX founder SBF tweeted that there are no plans to acquire Huobi. (Source link)

4. Meta Officially Supports Displaying NFTs on Facebook and Instagram

Meta announced that it now supports displaying NFTs on Facebook, allowing users to connect their digital wallets to the app to showcase their NFTs.

Meta currently supports Ethereum, Polygon, and Flow NFTs on Facebook and Instagram. For crypto wallets, users can connect MetaMask, Rainbow, Trust Wallet, Coinbase Wallet, and Dapper to verify and share NFTs. (Source link)

5. Boba Network Releases Engineering Roadmap for 2022 to 2023, Including Launch of veBoba and OR & ZK Hybrid Rollup Architecture

L2 scaling solution Boba Network announced its engineering roadmap for 2022 to 2023. In 2022, it plans to implement veTokenomics, launch veBoba, allowing token holders to "vote escrow" locked tokens for decentralized governance through DAO; launch the Boba L2 Rollup client Anchorage, promoting diversity among Rollup clients by building Bedrock on Erigon, and expanding additional L1; enhance more complex data structures and data types through hybrid computation.

In 2023, it will reform the Optimistic Rollup architecture by introducing validity proofs and enhancing developer and user experience; add Escape Hatches for L1 and delayed code upgrades; implement Rollup Account Abstraction, deriving other account types from a single account type (contract account); develop Optimistic Rollup and ZK Rollup hybrid Rollup architecture; and invest resources into parallel execution of EVM transactions. (Source link)

6. Tether Responds to The Wall Street Journal: Never Disclosed Any Equity Due to Support from Key Stakeholders

Tether, the issuer of USDT, responded to The Wall Street Journal's concerns, stating that it attempts to undermine Tether's efforts to communicate transparently and honestly with the public. The statement emphasized that the three-month Treasury bills held by Tether are safe assets, that Tether's business can generate profits, and that it has never disclosed any equity due to support from key stakeholders, which has been accepted by NYAG.

Additionally, Tether stated that attacks on Tether's reserve assets benefit other stablecoins in the market, and that Tether's disclosures are the most honest and transparent in the market. Any mention of failures in Tether's business model is based on the short-seller narrative assumed by The Wall Street Journal. Tether has easily redeemed over $16 billion of issued tokens in recent months, keeping asset allocation consistent with previous months while significantly reducing its exposure to commercial paper.

It is reported that The Wall Street Journal previously published an article stating that Tether currently has $67.74 billion in assets and $67.54 billion in liabilities, with only a $191 million difference. Such a situation could lead to Tether being "technically unable to repay" even if its reserve assets decrease in value by 0.3%. (Source link)

7. Zhao Changpeng: VC-Crafted F2O Model Will Not Be Free Forever

Regarding the Free to Own (F2O) model backed by Limit Break and DigiDaigaku, Binance CEO Zhao Changpeng tweeted, "VCs just created a new term: Free-to-own. If everything in the world is going to be free, why should we work so hard… it won't be free forever. Work hard!"

Previously, it was reported that the NFT project Limit Break has completed two rounds of financing totaling $200 million, led by Paradigm and others. Limit Break stated that the project adopts the Free to Own (F2O) model. (Source link)

8. Web3 Game Developer Xterio Completes $40 Million Financing, Led by FunPlus and FTX Ventures

Web3 game developer Xterio completed a $40 million financing through a SAFT sale, with a valuation of $300 million, led by FunPlus, Makers Fund, FTX Ventures, and XPLA, with participation from Animoca Brands, HashKey, Foresight Ventures, Infinity Ventures Crypto, and Matrix Partners.

Xterio is a global cross-platform game developer and publisher dedicated to allowing users to deeply engage in the gaming world through digital ownership, focusing on developing a Web3 native universe and expanding across all media and platforms. Xterio's CTO is FunPlus co-founder Guan Yitao. This round of financing will be used to develop and publish Web3 games and expand its team. Xterio expects to release multiple mobile and web games in the coming quarters. (The Block)

9. VC Firm Seven Seven Six Plans to Raise $177.6 Million to Launch First Crypto Investment Fund Kryptós

Led by Reddit co-founder Alexis Ohanian, venture capital firm Seven Seven Six is raising a $177.6 million crypto investment fund. The fund, named Kryptós, will be the company's first investment fund focused on the crypto space, targeting investments in crypto startups.

The firm has previously successfully invested in blockchain infrastructure startup QuickNode, BAYC developer Yuga Labs, and NFT project Doodles, among others. (Source link)

"What Great Articles Are Worth Reading in the Last 24 Hours"

1. "Is the NFT-Fi Summer Led by Sudoswap Here?"

Currently, innovations in the market are mainly represented by bonding curves like sudoswap, which ensure that price fluctuations in the same pool are independent of the number of NFTs in the pool, fixing price slippage and promoting a better trading experience. The author believes that AMM is one way to improve liquidity/capital efficiency, but AMM is not a suitable trading model. This article will discuss some interesting sub-tracks/protocols around NFT collateral lending and derivatives in the NFT-FI direction, as well as current bottlenecks and potential future developments.

2. "If Ethereum Implements Danksharding, Who Will Be the Ultimate Winner?"

The name Danksharding comes from its creator and Ethereum researcher: Dankrad Feist. The name change aims to signify a paradigm shift from traditional sharding systems to this system. We refer to Danksharding as the "scalability killer." This article will discuss this new model that could become Ethereum's savior and speculate on who will ultimately win.

3. "Messari: Three Crypto Trends and Challenges for the Next Bull Market"

The next bull market will be driven by technologies and trends that continue to build during the current bear market, but not all technologies or trends hold equal value. Therefore, this article will explore which crypto trends may spark the next bull market. We can use a framework to evaluate crypto trends, considering key factors such as innovation, 10x value potential, total addressable market (TAM), value capture, and competitiveness.