Evening News | Modular Blockchain Fuel developers complete $80 million financing; Paradigm launches NFT+ token mechanism "GOO"

整理：Jessy，链捕手

"What Important Events Happened in the Last 24 Hours"

1. Web3 Credential Data Network Project Galaxy Rebrands to Galxe, with Over 4.2 Million Galxe ID Users

Web3 credential data network Project Galaxy has rebranded and undergone a brand transformation to Galxe, aiming to evolve from a single project to the Web3 ecosystem. As of now, its Web3 identity suite Galxe ID has over 4.2 million users, collaborating with 760 protocols/communities and conducting over 5,000 credential-based activities. (Source link)

2. Modular Blockchain Fuel Developers Raise $80 Million, Led by Blockchain Capital

Modular blockchain Fuel developers Fuel Labs announced the completion of an $80 million funding round, led by Blockchain Capital and Stratos Technologies, with participation from Alameda Research, CoinFund, Bain Capital Crypto, TRGC, Maven 11 Capital, Blockwall, Spartan, Dialectic, and ZMT.

Fuel Labs is a startup aimed at accelerating crypto transactions, hoping to provide the best experience for developers in the blockchain space through its "Modular Execution Layer (MEL)." Previously, in September 2021, Fuel Labs raised $1.5 million, led by CoinFund, with participation from Fenbushi Capital and Origin Capital. (The Block)

3. Paradigm Introduces NFT+ Token Mechanism "GOO" to Ensure Long-term Control by NFT Holders

Paradigm has introduced a new NFT+ token mechanism called "Gradual Ownership Optimization" (GOO), aimed at preventing the gradual separation of the NFT holder community from the token holder community over time, thereby ensuring that the tokens remain under the control of NFT holders in the long term. This mechanism is applicable to various NFT projects and on-chain games. (Source link)

4. Mining Company Core Scientific Sold 1,125 Bitcoins for $23,014 in August

Bitcoin mining company Core Scientific released its production and operational update for August, stating that its self-mining operations produced 1,334 Bitcoins during the month. The self-mined Bitcoin production benefited from the deployment of approximately 17,000 new servers this month. Reductions in multiple data centers increased constraints on production progress.

The company expanded its self-mining server fleet to 127,716 servers this month, raising its hash rate to 12.69 EH/s. The company expects to deploy an additional approximately 43,000 self-mining ASIC servers by the end of 2022. As of August 31, Core Scientific also provided data center hosting services, technical, and operational support for over 97,000 customer-owned ASIC servers.

In August, the company sold 1,125 Bitcoins at an average price of $23,014, generating total revenue of approximately $25.9 million. As of August 31, the company held 1,409 Bitcoins and approximately $47.2 million in cash. (Source link)

5. NFT "IS-NEWS #01" Created by ISIS Supporters Raises Concerns Among U.S. Security Officials

According to Chain Catcher, the Wall Street Journal reported that the NFT "IS-NEWS #01" created by ISIS supporters has raised concerns among U.S. security officials, as they could use NFTs to raise funds and cannot be deleted from the blockchain. Analysts who studied the NFT indicated that ISIS supporters might attempt to test whether they can evade regulatory authorities and whether legitimate NFT markets would delete content or restrict its availability. Currently, OpenSea has removed the NFT from its website and closed the publisher's account. (Source link)

6. Web3 Energy Company Tesseract Raises $78 Million

Web3 energy startup Tesseract, founded by former Revolut Chief Revenue Officer Alan Chang, has completed a $78 million funding round, including $30 million in equity financing, with the remaining funding raised through token sales. Investors in this round include Balderton, Lakestar, Accel, Low Carbon, Ribit Capital, Box Group, and former Formula 1 driver Nico Rosberg.

Tesseract is a vertically integrated renewable energy company that purchases energy from power plants at fixed prices and then provides it to consumers. Tesseract plans to tokenize power purchase agreements (PPAs), with one token corresponding to one watt of energy in the network. (The Block)

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

1. "How Paradigm's Newly Proposed GOO (Gradual Ownership Optimization) Works"

Paradigm research partner Dave White and research assistant Frankie proposed the Gradual Ownership Optimization model (GOO) to address the challenges of distributing fungible tokens in NFT projects. This article details how GOO operates.

2. "Improbable Founder: Why Web3 Games Are Prone to Failure"

Herman Narula, co-founder and CEO of gaming technology company Improbable, recently tweeted a summary of his experiences over more than a decade in the gaming industry, highlighting pitfalls and lessons learned in assessing the success potential of future MMO/Kickstarter/web3 games, such as the importance of experienced leadership for driving game success, technology application, optimal capital investment windows, team crisis management capabilities, and community communication.

3. "In-Depth Analysis of Layer 1 Parallel Execution: How Aptos, Sui, Linera, and Fuel Achieve It?"

As we revisit the evolution of blockchain technology, a strong trend is emerging where new L1s focus on parallel execution. This is not a new technology; Solana is currently using it in the Sealevel execution environment. However, the impressive performance of DeFi and NFTs during the last bull market has made it clear that technology urgently needs improvement. In the next market cycle, several notable projects adopting the concept of parallel execution are set to emerge, including Aptos, Sui, Linera, and Fuel. This article will discuss the similarities and differences among these projects, as well as the challenges they face.