📬 Inbox Dump #9

Hello Defiers! Welcome to Inbox Dump where we include the updates and announcements that flood our DMs each week and didn’t make it to The Defiant’s content platforms. Sometimes announcements here didn’t meet the bar to become a news story, sometimes they ...

Hello Defiers! Welcome to Inbox Dump where we include the updates and announcements that flood our DMs each week and didn’t make it to The Defiant’s content platforms. Sometimes announcements here didn’t meet the bar to become a news story, sometimes they may have slipped through the cracks, or they came late and we haven’t had a chance to cover.

At The Defiant we cover the most important DeFi-related news and developments but I know many of you are hunting for projects before they are fully developed and before they are newsworthy. Our goal with this installment of the newsletter is to help you find them. Look at this as the starting point to DYOR.

We also include a compilation of DeFi and crypto funding rounds in the past week so you have these in one handy place.

Keep in mind these have been unedited. With that —here we go!

[This post is exclusive to subscribers]

Inbox Dump!

✉️ InsurAce launches Full-Spectrum Multi-Chain insurance services

In a move that will change crypto insurance forever, InsurAce the leading DeFi insurance protocol is launching multi-chain insurance services on its ethereum dApp (app.insurace.io), to provide insurance coverages to protocols on a wide range of public chains, including ethereum, Binance Smart Chain (BSC), Huobi Eco Chain (HECO), Solana, Polygon, and Fantom. This marks InsurAce to be the first of its kind in the industry that can offer multi-chain insurance services, empowering and safeguarding the rapidly growing DeFi ecosystem in a multi-chain environment.

✉️ tZERO Partners With EnergyFunders to Digitize & Trade $25 Million of Securities in Its New Yield Fund I

NEW YORK--a leader in blockchain innovation and liquidity for digital assets, announced today it has signed an agreement with EnergyFunders, an energy projects funding platform, to digitize approximately $25 million of equity interest in EnergyFunders’ Yield Fund I, the company’s largest fund to-date that will invest in oil and gas assets throughout the U.S. This partnership represents EnergyFunders’ first digital security project, with plans to conduct more digital securities offerings in the future.

✉️ ASTON MARTIN COGNIZANT FORMULA ONE TEAM AND ALFA ROMEO RACING ORLEN BECOME THE FIRST F1™ TEAMS TO LAUNCH FAN TOKENS

SILVERSTONE / ZURICH, MAY 20TH: Chiliz, the leading blockchain provider for the global sports and entertainment industry, have announced that Aston Martin Cognizant Formula One™ Team and Alfa Romeo Racing ORLEN, have become the first Formula 1™ Teams in the world to launch Fan Tokens. Today, a total of two million $AM & $SAUBER Fan Tokens will be distributed to fans who pre-brought through Chiliz’ fan engagement & rewards platform Socios.com. Both Fan Tokens will be available for general purchase on the platform in the near future.

✉️ Scaling Sorare on Ethereum with StarkWare

At Sorare, we’re building an open platform where fans, players and clubs can connect around the most followed sport in the world: football. The technological standard on which Sorare cards are built, Non-Fungible Tokens (also known as NFTs), have the potential to revolutionize the way we collect, play and engage with cultural norms. This technology gives Sorare cards superpowers: digital scarcity, true ownership, authenticity, and interoperability.

✉️ Maple Finance Kicks Off Decentralized Corporate Debt Marketplace with $17M Pool of borrowers involving Alameda Research, Wintermute, Framework Ventures and Amber Group

19 May 2021: Maple Finance, a decentralized marketplace for institutional growth capital, launched its inaugural lending pool of $17 million. There are nine borrowers including Alameda Research, Framework Labs, Wintermute and Amber Group with each loan capped at $2 million provided by initial institutional lenders, including Blockchain.com and Coinshares among others.

✉️ PROVENANCE LAUNCHES NEW PUBLIC, DECENTRALIZED BLOCKCHAIN FOR FINANCIAL SERVICES

SAN FRANCISCOMay 19, 2021 - Provenance Blockchain Foundation today announced it has launched a new public, open source, permissionless, decentralized, proof-of-stake blockchain, which is designed and developed to support financial service industry needs by providing a ledger, registry, and exchange across multiple financial assets and markets. The new, public, decentralized Provenance replaces the prior permissioned Provenance blockchain launched in 2018.

✉️ Gleec, a crypto to Visa payments solution, launches GleecDEX powered by Komodo's AtomicDEX network

May 20th 2021 - Komodo, an open source technology and blockchain solutions provider, and Gleec, a blockchain powered digital payment ecosystem, are carrying out the first ever decentralized blockchain migration and are launching GleecDEX - a decentralized trading app for Gleec. The migration enabled by Komodo provides a secure and robust blockchain. Additionally, the GleecDEX is built on Komodo's AtomicDEX technology, an atomic swap framework for Gleec.

✉️ SOTHEBY’S ANNOUNCES THE ARTISTS OF NATIVELY DIGITAL: A CURATED NFT SALE

NEW YORK, 18 May 2021 – Sotheby’s is pleased to reveal the 27 digital artists included in Natively Digital: A Curated NFT Sale, whose work is now available to preview. The online auction represents the first time a major auction house will bring a collection of the leading NFT artists to auction and will provide an opportunity for collectors, curators, and enthusiasts to experience the unique aesthetics contained within these works, and provide a deeper understanding of the complex, groundbreaking technology from which NFTs are derived and its vast influence.

✉️ NHL Star Tyler Seguin to Release Limited Series of Digital Collectibles (NFTs) by Fanaply

LOS ANGELES, CA – May 17, 2021 – Tyler Seguin, NHL star forward on the Dallas Stars and 2011 Stanley Cup winner, announced today that he is launching a limited series of blockchain-backed digital collectibles, also known as non-fungible tokens (NFTs), created by Fanaply.

✉️ Adult Site CamSoda to Host Live Online Auction of CryptoPunk 7060 on May 13th at 10 PM EST

New York, N.Y. – CamSoda, a leading online adult webcam platform, today announced it will host a live auction with no reserve of CryptoPunk 7060. Hot on the heels of Christie's auction for a lot of nine cryptopunks with the inclusion of a rare alien, Camsoda is auctioning off a single 3 attribute CryptoPunk to the masses. Attendees to the auction on May 13th will be able to participate once they have deposited $1 in cryptocurrency to their CamSoda account. To register for the auction go to https://nft-auctions.co/

✉️ Continued EY investments in blockchain market to support increased demand

LONDON, 17 MAY 2021. EY today announces its commitment to the blockchain industry with additional investment, expanded solution portfolio and prototype contributions to the public domain. There will be EY investment of more than US$100m in research, engineering and services of blockchain and crypto asset technology. This follows the EY NextWave strategy announced in September 2020 that includes US$1.5b of investment in EY people, technology and audits in FY21. In addition, market adoption of blockchain continues with the go-live of Birra Peroni using EY OpsChain Traceability.

✉️ Circle Appoints Mandeep Walia as Chief Compliance and Risk Officer

BOSTON, MAY 18, 2021 -- Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, today announced the appointment of Mandeep Walia as Chief Compliance and Risk Officer. Mandeep joins Circle’s leadership following an extensive career in global financial compliance and risk management at leading organizations. Most recently, Mandeep served as the Chief Compliance Officer and Head of Enterprise Risk Management for Novi, which is a part of Facebook Financial.

✉️ Two Time Nobel Prize Nominee Ervin László Auctions Official NFTs on His Own Works for Charity

15 May 2021, 10:00 AM ET: New York, New York Ervin László, the twice Nobel Peace Prize nominated quantum theorist, philosopher, and piano virtuoso is issuing a series of official Non-Fungible Tokens (NFTs) through ViciNFT representing his own works in support of charity. The first NFT auction begins Friday May 14, 2021 at 9 AM Eastern Time and ends 5 PM Eastern Time May 18, 2021 on Mintable at the official Ervin László NFT auction.

Funding

💰 Flux Protocol Raises $10.3M Seed Round to Build DeFi Infrastructure on NEAR

Some of crypto’s leading venture capitalists are placing a $10.3 million bet on decentralized finance (DeFi) burgeoning on the NEAR blockchain, according to an announcement Thursday. The seed funding round in DeFi infrastructure firm Flux Protocol, which is built on the NEAR blockchain, was led by Distributed Global and included Coinbase Ventures, CoinFund, Uncorrelated Ventures, Figment Capital and others.

💰 Unique Network Raises $4.3 Million To Launch Polkadot Chain for NFTs

LONDON - May 20, 2021 -- Unique Network, a next generation NFT chain for Polkadot and Kusama ecosystems, announced today that it has raised $4.3 million in the first round of its pre-sale, led by Web3 investment pioneers Outlier Ventures. They are joined by Animoca Brands, DFG, and other investors.

💰 FIGURE RAISES $200 MILLION SERIES D CO-LED BY 10T HOLDINGS AND MORGAN CREEK DIGITAL

SAN FRANCISCO – May 20, 2021 –Figure Technologies, Inc. (Figure™), a leader in transforming financial services through the power of blockchain technology, announced today it is closing a $200 million Series D funding round at a $3.2 billion valuation.

💰 Alphabit, Alameda Research, DFG and More Lead $8M Round For UX-Focused DEX-CEX Strategic Trading Platform Cryptocurrencies.AI

NYC - 20 MAY 2021 - Cryptocurrencies.AI (CCAI), a UX-focused centralized and decentralized exchange for in-depth strategy analysis, risk management, trading alerts and customized automation, has secured more than $8 million in investment in a move to overcome exchange fragmentation and poor user experience in crypto.

💰 DeFi Platform DeversiFi Raises $5M in Bid to Scale Trading on Ethereum

DeversiFi, a decentralized finance (DeFi) trading platform, has raised $5 million in a funding round led by ParaFi. Defiance Capital, Lightspeed Venture Partners, Blockchain.com Ventures, Delphi Ventures, Fenbushi Capital, OKEx and others also took part, according to an emailed announcement on Tuesday.

💰 Multi-Chain Structured DeFi Protocol raises 2.1M USD Private Funding

Multi-Chain Structured Finance Protocol Skyrim Finance is simplifying structured products in the decentralized financial landscape. Since the nascent DeFi industry is transitioning to maturity, it is important to evolve with flexibility and customization to serve the needs of various DeFi participants.

That’s all for today. Let me know what I missed!

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The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Spread the word and share!

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