White Star Capital Digital Asset Fund - newsletter #96
ConsenSys to launch of the first green NFTs on Ethereum mainnet: Regenesis
ConsenSys to launch of the first green NFTs on Ethereum mainnet: Regenesis
White Star Capital Digital Asset Fund - newsletter #96
What is the purpose of ConsenSys?
ConsenSys is the leading Ethereum software company. The company enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The product suite, composed of Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serves millions of users, supports billions of blockchain-based queries for clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open-source foundation, ConsenSys is building the digital economy of tomorrow.
A green NFTs collection, for what?
The live and seamless network upgrade to Proof of Stake will reduce Ethereum’s carbon footprint by 99.95%, increase security and set the foundation to unlock massive future scale and opportunity. ConsenSys is all set to launch Regenesis, one-of-a-kind green NFTs in its bid to celebrate and commemorate the deployment of the upcoming Ethereum merge.
The NFT collection comes in different editions including an open edition focused on the most important benefit of the Merge: sustainability. The art explores the scale and significance of the Merge, an ambitious re-architecture of the world’s largest open programmable blockchain, which makes the network 2000x more energy efficient and positions Ethereum to sustainably support the next generation of Web3 creators and developers.
Details about Regenesis
ConsenSys partnered with artist Chris Skinner and animation firm Keithcity Group to design the collection. The limited-edition NFTs will be free to mint on the day of the merge, which has been slated for some time between September 10 and 16.
The Utility of this collection is, first and foremost, a set of artistic works celebrating an important technological milestone that ConsenSys believes will be looked back on as a watershed moment in Web3’s evolution. Then, the NFTs are free, anyone can mint as many as possible via individual transactions. The only cost incurred will be from paying gas fees for every mint. These gas fees can vary significantly based on activity on Ethereum mainnet.
As part of the celebration, ConsenSys will also be air-dropping the full collection to the members of the Protocol Guild as a “small token of appreciation” for their dedication and for contributing years of decentralized coordination and efforts by making the Merge a reality.
This isn’t a moment reserved only for crypto insiders and ConsenSys invites anyone curious about its ecosystem to try Web3-native tools like MetaMask to claim a piece of Ethereum history.
🔦 White Star & Portfolio Spotlight
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Dr. Chiente Hsu, CEO of ALEX, discusses why security and immutability are unique to Bitcoin and necessary for mass DeFi adoption.
Superfluid is Sponsoring ETHOnline 2022 Hackathon
ETHOnline’s Hackathon, which runs September 2nd-28th, is ETHGlobal’s largest hackathon to date.
How Rally is democratising ownership of a rare noun NFT
Rally, a firm that creates fractional shares of valuable physical and digital assets, announced August 19 that it will sell Noun #160, a Nounders Noun non-fungible token (NFT).
🏦 Enterprises & Institutions
Uniswap community votes to create first-time foundation
The foundation will support decentralised growth and the long-term sustainability of Uniswap.
JPMorgan finds new use for blockchain in trading and lending
JPMorgan Chase & Co is using blockchain for collateral settlements, the latest Wall Street experimentation with the technology in the trading of traditional financial assets.
Mercado Libre launches its own Ethereum cashback token
Online marketplace Mercado Libre today launched its own cryptocurrency, Mercado Coin, which will allow Brazilian customers to earn rewards.
LG Electronics launches new NFT marketplace ‘LG Art Labs’
The electronics giant has launched its own NFT marketplace- the second South Korean television manufacturing titan to do so this year.
FIFA Launches NFT platform on Algorand in run-up to World Cup
The FIFA Collect NFT platform will debut later this month and will feature memorable soccer moments, art, and imagery.
⚖️ Government & Regulation
EU Crypto Lobby fights MiCA limits on US dollar stablecoins
The European Union could ban dollar-pegged stablecoins under its new MiCA legislation, crypto lobbyists have.
Liz Truss is Britain’s new prime minister. How crypto-friendly is she?
Will Britain’s new prime minister fulfil the last government’s promise to turn the island into a crypto hub?
UK Agency warns crypto exchanges to report any sanctions breaches
Crypto exchanges are now required to report and freeze accounts suspected of evading Russian sanctions or potentially face criminal charges.
💰 Funding & Exits
DeFi investing platform Credix raises $11m in Series A round
Credix announced the $11.25m series A round to expand in Latin America.
Chinese metaverse industry Raises $780m in funding
There are expectations this will grow to be a $5.8tn industry by 2030.
HQ Trivia’s NFT reinvention scores $7m Seed round
The project reinvents HQ Trivia as Internet Game, a crypto-based twist on the original model.
LevelField is raising $50m, secures first acquisition
LevelField, a financial services firm that melds traditional banking and digital assets, is raising £50 million.
Kevin Rose’s Proof Raises $50m, plots token and Moonbirds NFT expansion
Proof aims to debut a token and new Moonbirds collection next year, plus it revealed a sizable Series A round led by Andreessen Horowitz.
Pantera leads $13m round for creator-owned livestreaming platform Stacked
Creator-owned livestreaming platform Stacked has closed a $12.9m Series A round led by Pantera Capital.
Blockchain gaming platform Xterio Raises $40m led by Partner FunPlus
The round was co-led by Makers Fund, FTX Ventures, and XPLA.
Lightnet secures $50m LDA capital commitment for remittances
The Lightnet Group said it has secured a $50m capital commitment from LDA Capital to expand blockchain technology for remittances.
Ready Player Me raises $56m from a16z and others
Metaverse avatar platform Ready Player Me has raised $56m in a Series B funding round led by Andreessen Horowitz.
🚀 Project Launches & Updates
Reddit Co-founder Ohanian’s firm launches $177m crypto fund
“Now is potentially a unique opportunity to invest in strong founders at a discount,” the new crypto fund’s marketing materials reportedly read.
Top execs from Genesis and Galaxy are raising a $500m fund
Top executives from crypto trading and investment firms Galaxy Digital and Genesis are set to launch a new crypto fund, according to an SEC filing.
Animoca Brands Japan raised $45m to foster local Web3 efforts
Animoca Brands gains access to intellectual property from Japan which is popular worldwide, as its local crypto community continues to grow.
Polygon and Cere Network founders launch $50m Web3 fund
Founded by Polygon’s Sandeep Nailwal and Cere’s Kenzi Wang, Symbolic Capital will look to target web3 startups located in emerging markets.
A16z mints NFT licensing framework standardize holder rights
Venture capital firm claims NFT licensing is testing the limits of traditional legal system and proposes a potential solution.
🔥 Other Bits We're Excited About
Curve founder says it’s ‘possible’ crvUSD stablecoin will launch next month
Curve Finance founder Michael Egorov comments on the potential launch date for its upcoming native stablecoin crvUSD.
OpenSea adds Polygon support to expand features, accept MATIC
The top NFT marketplace expands its Seaport implementation to support Polygon and a host of new features from the popular sidechain.