P2E is not stable. How to find Axie Infinity next

Part.1 Knowledge

"Even though blockchain has not been developed, I still believe the blockchain industry will be successful in the next ten years."

In Maslow the hierarchy of needs

At the bottom of Maslow's pyramid model of human needs (Maslow's Hierarchy of Needs) are human needs for physical and emotional well-being. The higher needs are feelings and desires, respect needs, knowledge needs, beauty needs and self-esteem needs.And the game industry basically takes superstructures.There are several levels of higher needs.

In sport, these higher demands have always been achieved. For example, the early guilds of "World of Warcraft" affected the entire player's imagination and imagination. "Honor of Kings" eats millions of skins every year, which also shows his need for respect and beauty. And "suffering" games like "Dark Souls" and "Sekiro" perfectly meet the needs of knowledge and personality.

Throughout the history of human civilization, we are now at a crossroads.

If we choose to select a few years of history and then cut out a segment of the entire population, we see:The majority of the population are racing for their physical and wellness needs, and very few elites are at the top of the pyramid for much of their spiritual needs.. And this example is always the same. According to Yuval Noah Harari, author of A Brief History of Humankind, we are moving from a nonprofit community to a better one. With the rapid development of industrial prosperity, the destruction of the relationship between the information revolution and the blockchain revolution, and the product of all the people, we believe that the intersection of this intersection will be changed for the first time. time. More and more people, as a percentage of the total population, will begin to move up the pyramid, truly out of poverty. More and more people will not have daily food and clothing problems and will seek spiritual nourishment. Where are they going? Culture, art, the whole area is wonderful and there is a place of solace for the soul.But the best and most rewarding place to enjoy the soul should be sports.

Why are you satisfied with mobile games?

Chain Games is basically the bottom line when it comes to crafting.

As we all know, today the world of Web2.0 has become unprofitable and commercial, and especially the Internet industry is destined to become infinitely monopolized. The same goes for social media, just like the video game industry. According to Monopoly, the average price to get a consumer for a game has increased from 1-2 RMB to 1-200 RMB in a few years. Game developers and users have been accustomed to extremes. The creators of the great indie game had no hope of breaking the chain, and the nutritious "game" was given to millions of players. Only the winner is the betting platform. 16z once said "your lottery is my luck".The success of the Web3.0 game Axie Infinity is a precursor to the rise of the bottom line against the massive Web2.0.

In the traditional game, producers and players form a cohesive but interdependent organization. Interdependence is due to devs wanting players and players wanting devs, so reciprocity is due to devs chopping the leek (and diluting players' money by constantly selling more powerful gear) and that players want prostitution. In competitive games, NFT members and the token industry often solve this problem, players become the true owners of the game, and players and developers find themselves on the same page for the first time. This comparison of quantum interest could unlock the true potential of Chain Games.

What is the current game channel industry?

We are very excited about the future of Chain Games, but right now the development of Chain Games is just beginning and there is a lot of confusion and a long way to go. We believe that the development of competitive sports will go through three stages.

Step 1: Carnival

We are now in the first phase.

Besides the proprietary protection of blockchain games, their timeliness and liquidity make them an investment target. Speculators and speculators quickly become the first agents when it comes to first-time buyers. As with the Chinese stock market in the early 1990s, it was flooded with speculators long before any investment firm entered the market. According to unofficial statistics, there are currently about 700,000 real Web3 users (data source: MixMarval), and the number of users required is considerable. The real actors (the real need) are not as numerous as we think. However, the profile on the application side will determine the type of manufacturer selected in the store. Such simple and unknown Ponzi mines like CryptoMines and BinaryX have taken the lead and captured everyone's attention.The main purpose of revenue generation in DeFi is to provide revenue to DEX, and it is amazing that many sports games are starting to generate excellent revenue without DEX.

Step 2: Damage

The mining game will always be discovered by capital, and the bubble will get bigger and bigger and burst the next day. Slp earnings may fall below the Filipino average wage (during press there were reports that the average daily earnings of Axie Infinity players fell below the Philippine minimum wage), and possibly a mining game from a thousand dollars to zero for a few. days. The market will be scared and people will definitely flee, leaving behind what should be destroyed.

At this point, the mining game ends in batches and liquidity will flow faster than you think. Change, teams that are honest with themselves, adhere to principles, and really work through the frenzy will be on the decline. For example, free games like Sky Weaver and EdenBrawl will continue to attract real users (players) and will continue to grow.

Stage 3: Nirvana

In fact, only when the bubble bursts can it benefit investors, manufacturers and consumers.We anticipate some changes. Because that would be the best baptism and the best training for the revolution.Starting the campaign 18 years ago, the Axie Infinity team endured a series of setbacks and setbacks, one step from the ashes of the bear market. Sky Mavis is also a team that can take risks, avoid loneliness and be idealistic.On the other hand, a lot of modern work can benefit from a white paper, and I don't believe this group can survive the big wave. The business bear will wash away mediocre decisions and scammers, leaving under the constant revolutionaries.

At this point, the business model of the gambling industry may also change, and revenue will not change from players' tastes (e.g., Cryptomines) to gambling. Monetary systems that rely on Ponzi schemes like "gambling" (like BinaryX Gambling). cards, Fantasy Westward Journey and Beasts), and finally the game mechanics (such as free investment themes such as the King's Glory skin) have decided to seduce gamers.

Is gambling for money stable?

It is impossible not to talk about P2E (Play to Win) in interactive games. The concept of P2E is similar to Didi's original idea of ​​exchanging profits for the market, but its origins lie in presenting financial concepts and Ponzi schemes, so companies don't have to burn their own money to buy packaging, but do not. must burn. speculation. the. people buy money.Although P2E is a good business tool, it is not as important as the engine of rapid game development.

He has an allegory that says:

Elderly people who live alone enjoy life in a wonderful country. Then one day a group of children came to play football in the old man's garden. The noise of the children makes the adults very unhappy. So the old man had the idea and ran to the children and said: I like you playing football in my garden. If you play soccer for an hour a day, I'll reward you $1. When children hear this, they get excited and run every day to play soccer. A week later, the old man told the children, “I can still play football, but I don't want to pay anymore. The children left, disillusioned, but never reappeared in the garden of the man.

There is a feeling of the spirit behind this story.exaggeration effect(effect of over-justification), everyone strives to make their practices and those of others seem appropriate, so we always seek the reasons for our actions. When there is a sufficient reason, people go no further, and when looking for a reason, they always look for the obvious first. so,When the extrinsic is enough to describe a behavior, people often don't look for the cause internally.The old man is skillfully exploited indeed.

Back in P2E, players were playing for a raise, but sometimes the income was lower (Axie income was nicely reversed). Even though the game itself is fun, will it look like old fans? , you leave ?

Gameplay and P2E are a bit incompatible, and P2E greatly reduces the marginal effect of gameplay. As a result, projects with multiple fantasies about gameplay and in-game revenue may reflect the problem that the packaging industry is unable to outperform mining games and user numbers are down as options with the existing games.

From a business perspective, P2E is actually a failure.Axie's P2E is designed to be where new companies enter the market soon this summer, and the Axie family dominates. As we look forward to 2022, when insufficient traffic is split into thousands of competitive games and product injection begins to slow down, most sports will face problems that Ponzi schemes will not thrive and revenue skeptical miners will reach 20..%. In an endless circle below the average salary of the Three Worlds. In fact, many bubbles have failed, and ArmzLegend, hit with U-based Oracle, for example, peaked, then soon.

It should be noted that when Axie Infinity jumps quickly relying on its relative Ponzi scheme, it can see continued gains soon after the A16Z returns to the region. Initially, Axie relied on funding from large corporations to attract users and build IP addresses. Maybe soon with the support of capital, Axie can position itself based on the development of Ponzi logic and really capture the value of the game itself developed by the right ecology of content and design.

What is our capital logic?

We believe there are three main differences in the business environment today:

It is difficult for real players to participate.

There is a lack of skills in games and blockchain

No good game points

Incomplete data shows that buying traffic from the Web2 community makes it more competitive and more expensive. Wallet registration, fiat currency exchange, downloadable game... Many players are stuck at every step. The funnel ratio will ultimately be no more than 1/10,000. Such information is not a failure within the framework of Internet resources that can be called pristine.

How to get more web2 gamers to join the channel game is our first investment/premise.Now community and esports themed guilds are a great link. Guilds provide treasure and money to players, reducing entry fees. At the same time in the future,DAO-based guilds can also become the largest transport portal in the Web3 game industry.

The second most important is the developer ecosystem.Web3's big idea is to move more people into content submission.How to support producers and ensure healthy and profitable entrepreneurship is also a big step.

We need platforms and engines like Enjin, Ultra, Forte, MixMarvel to support native game developers, understand blockchain technology, understand how to create tokens, and understand how to design and principles of Web3. Sandbox and Decentraland, on the other hand, leave a lot of room for thought. Even passionate sports people who do not understand how to work can become an important creator of the future sports ecosystem.

We believe there will be a team that will truly enjoy the game and understand the important history of blockchain games. The games they will play will be epic. Access to commercial products will also shift from the Ponzi scheme to gambling and gambling content.It may be an immature industry, but we will also support good projects that are ahead of their time, like Illubium.

There is a lot of confusion now, but I believe the competitive economy in 2025 will be a trillion economy.

Part.2 The Success Behind IOSG Investment

and benkmanAkalaCollaboration to present this type of trust and NFT platform to customers

* E-commerce solution

US e-commerce business solution project Venkman announces that Acala has become a technology partner and will begin working with Venkman's first customer, US e-commerce platform CHIVE, to establish a reliable NFT platform. CHIVE currently has 10 million monthly users and has recorded over $400 million in revenue to date. Going forward, Venkman will continue to work with Acala to bring blockchain services to the public by offering e-commerce services to multiple consumers and brands.

oasisThe Foundation announced a $160 million eco-fund to support DeFi, NFT and Metaverse activities.

* Support personal information maintenance platform

The Oasis Foundation has announced the announcement of a $160 million eco-fund to support the DeFi project on the Oasis Network privacy computing platform, with applications related to NFTs and the Metaverse. In addition to donations from the Oasis Foundation, EcoFund receives funds from cryptocurrency investments such as AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures, and Pantera. weight of capital.

AkalaWin Polkadot's first Parachain game.

* DeFi Platform

The first race of the first PolkaDOT Parachain race ended at 11 a.m. and the DeFi platform Acala won the first race. A total of 32.5 million DOTs have been closed and valued at $1.3 billion. After the first batch of 5 auctions, Acala joined the relay chain Polkadot with the winner of the other 4 slots on December 17 and started production of parachained blocks.

chain linkGuardians go live on Polygon

* Smart contracts begin to complete the tool

Oracle Blockchain Solutions Chainlink announced that Chainlink Keepers, a smart contract automation tool, now runs on Polygon. Chainlink Keepers uses off-chain calculators to achieve smart contract execution based on specified events. Now, smart contract developers like Polygon can outsource their DevOps functionality to Chainlink Keepers.

0x ibCelo Chain API Output

* Decentralized exchange protocol

The 0x API is currently running on the Celo blockchain. 0x API is a trusted financial group with over 21 million businesses and support for nearly 1.8 million users of Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom, including all market products over $100 billion.

Part.3 Pulse month

CUDOS will provide accounting software to more than 9 million Nigerian Tingo mobile phone users.

* Distribute cloud computing network

Centralized stranges Cudos Cor join AIBC European company Tingo to improve more than 9 million Nigerians from CUDOS products mobile. Tingo users mobile phone can run cudos supplies power energy software on cell phone together while returning. Cudos currency can also lead to Tingo financial ecology and will be a payment for payment. From the basis, Tingo will gradually show involvement between the parties for all the Africa and Americans. Curbos will also be a platform of counting for educational schools such as Nigerian organization and university. As part of involvement, cudop login is also going to Tingo's European exchange of European changes to the European change. It is understood that the first cudos network is the first time to provide quality functions, and compare resources of numbers. After the sad people for Ethe Square, Algorand, Waveka, and Cosmos used marked measurements for bridge. Now, Cudos are in progress, and public beta network has liked more than 25,000 producers and requires online in 1 / 4Q in the next.

Our Capital Company traded 17,895 ETH for FTX worth nearly $80 million.

* Ethereum sib tham

Addresses marked "Our investment" were traded for 17,895 ETH worth approximately $78.35 million on the FTX exchange. Earlier, Su Zhu, founder of Three Arrows Capital, said on Twitter that he had backed Ethereum in the past but had given up. Newcomers could not afford Ethereum at the lowest price, and the Ethereum culture was affected by the problem, where everyone was so rich that they forgot their old goals. . The tweet gets over 4,000 likes per hour.

Axie Infinity The average daily income of players has fallen below the minimum wage in the Philippines.

* Blockchain game project

According to a report by Naavik analyst Lars Doucet, the average daily gamer income has plummeted despite the expansion of the Axie Infinity blockchain gaming project in the first half of this year. Naavik is a research and advisory company, and the report covers blockchain games, NFTs, and Axie Infinity. Doucet wrote in the report, "After several months of meteoric growth, the daily income of a regular Filipino 'scholar' at Axie Infinity is declining. Higher wages in the Philippines, but more importantly, higher wages. Earnings have also fallen since August,” he added. Explain. "'Academia' generally refers to gamers in developed countries who cannot afford Axies to play. Treasures are provided by 'sponsors' who bring in. 1.95 million, according to the report Overall, Axie Infinity is the most popular in the Philippines and Venezuela.

"Forte, BitDAO and Alameda Invest $500M to Expand Game7 Incubator GameFi Deal"

* GameFi Incubator

Previous plans for "Forte, BitDAO and Alameda to invest $500 million to develop the GameFi Game7 incubator" have now been approved by SnapShot. According to previous reports, Forte will invest $100 million and BitDAO will invest $400 million. Additionally, initial membership plans are 69%-79% for BitDAO, 9%-19% for Forte, up to 20% for Community Partners, and 1% each for Mirana and Alameda Research. Game7 will provide a platform to support blockchain technology in the game industry, invest in blockchain game companies, and develop an open source ecosystem.

Meta announces the latest developments in haptic gloves

* Touch Gloves

Meta introduced new advances in haptic glove research by VR technology company Reality Labs, noting that the market for the products has improved over the past seven years. The company released a video showing two haptic gloves in their metaverse presentation and teaching them how to hold fists, pick up blocks, throw objects, shake hands, pick up dominoes, and play blocks together. According to Meta, the glove relies on haptic operations to send "correct commands" to manual actuators. It is a tracking tool that can identify the cell position and objects of virtual objects in the metaverse.

ConstitutionDAO did not receive a copy of the US Constitution

* A copy of the draw

Legal DAO failed to purchase the first edition of the US Legislature's final private title in Sotheby's public competition on Thursday. "The 'customized version' of the United States Constitution" was traded for $43.2 million by an unknown competitor. This means that DAO has failed in its goal of "putting things in the hands of the people". This is a contradictory report. "Not the event we were hoping for, but we are still making history tonight." (Correction: CoinDesk announces that DAO made a copy of the US Attorney for $41 million at Sotheby's, before the merger was called off.) Statistically, a total of 17,437 users donated money. The DAO law says it will return consumers for free.

US President Biden has signed the infrastructure law and details of the crypto broker have been passed to the Treasury.

* US Cryptography Act

US President Joe Biden relied on the terms of a cryptocurrency broker for the US Treasury when signing the Infrastructure Investment and Jobs Act on Monday. The infrastructure projects have been reported to include the new definition of “employee” of cryptocurrency network participants as part of the additional rules in the bill. These details are intended to highlight the IRS, where future digital assets of $10,000 or more must be reported to the IRS or the IRS. However, there is a risk of requiring network participants such as vendors to post encrypted authentication data. Earlier in the day, Senators Ron Wyden and Cynthia Lummis announced new legislation aimed at restricting these provisions in the law, interfering with the wording of the original law.

Development and Reform Commission: Establish a high level of continuity to continuously transform the benefits of virtual "mining" operations

* Development and modification committee

Meng Wei, spokesperson for the National Development and Reform Commission, said today that on November 10, the National Development and Reform Commission held a special video conference on the mining management of virtual currency "to guide the maintenance and repair of virtual results". mining. ', and all states, counties and cities should be responsible for the region and implement procedures, monitor, set up and repair virtual 'mining' activities in the region, and strictly investigate and punish 'established' activities . Participate in state agency computer labs. In the next phase, we will complete the reforms that deal with the market in the "mining" milieu, the state agencies involved in the "mining" and the "mining" of Bitcoin. In the case of units that control electricity tariffs in the community, if found to be involved in virtual "mining" activities, electricity tariffs will be penalized, studied and designed to create high-quality virtual reality "mining" activities. . .

Korean lawmakers oppose KTS (Know-Sender) rights for cryptocurrency trading.

* Korean Law

The South Korean cryptocurrency community may soon face a stark warning for all cryptocurrency markets, and the South Korean Congress is currently debating whether to enact the "know -tus xa" policy. South Korean lawmakers today heard arguments against the KTS law with lawmakers and business experts against the bridge If it is legal, under KTS rules, companies that receive cryptocurrency must identify and provide the name and address of the sender. For B2B marketing, you must declare the legal status of the supplier and staff. KTS rules also require that senders of cryptocurrency outside of South Korea register with the country's financial regulator, the Financial Services Agency (FSC) Valuable time can be said with the law, but the law can be made to start shutting down all cryptocurrency exchanges in the countries until participants are respected.

Indian President Hosts Crypto Conference, Calls Terrorism Over Inadequate Publicity

* Indian Crypto Policy

Indian President Narendra Modi hosted a Crypto meeting in India on Saturday. The meeting brought together experts from the Central Bank of India, Ministry of Finance, Ministry of Home Affairs and across the country. Leaders of the meeting agreed that some crypto platforms have deceived young people in the country and advertising about them should be stopped. The meeting comes the day after RBI Governor Shaktikanta Das sent a warning to Crypto, warning investors of potential pitfalls. Shaktikanta Das expressed concern about the impact of the crypto industry on the country's macroeconomic and financial security. Other Indian lawmakers have also raised concerns about the misuse of cryptocurrency for laundering and money laundering purposes. However, more and more Indians are using Crypto, and many Bollywood stars have been involved in promoting Crypto trading in recent weeks. In March, the Indian government decided to violate the anti-crypto law, impose fines on all companies or hold digital assets in India.

Part.4 Investment and financial success

Pawnfi has closed the $3 million funding round led by DCG

* Atypical real estate contracts

Pawnfi, a nonprofit asset maker, announced it has closed a $3 million financial venture, led by Grayscale's parent company, Digital Currency Group, in partnership with Animoca Brands, Dapper Labs, Polygon and DeFi Alliance. . , Hashkey Capital and Everest Venture. Categories, SNZ and 6Block.

CyberConnect, Multicoin Capital and Sky9 Capital Co-Lead the Closing of $10M Funding Round

* Start Web3

CyberConnect, a crypto startup for Web3 social media, games and metaverse apps, is the seed with $10 million seed raised by Multicoin Capital, Sky9 Capital, Animoca Brands, Draper Dragon, Hashed, Good Capital, Smrti Lab and Mask Network. The cycle is complete. and others participated in the vote. CyberConnect is launching a community-based social image representing human interaction on platforms such as Twitter, Facebook and Instagram, which they believe will make it easier for Web3 developers to create interactive content. Media, games and metaverse. CyberConnect has also developed an application called CyberChat to demonstrate how to use file sharing. The application is integrated with the CyberConnect protocol. Wilson Wei, founder of CyberConnect, said a simple deal for the Future Tokens Environment (SAFT) would help the company double its existing 15-member team, expand the Web3 developer community, and build its own larger network. later this month. , Ethereum and the team plan to use support for other blockchains earlier this year.

pSTAK completed a $10 million investment round led by Three Arrows Capital, Sequoia India and Galaxy Digital.

* Liquid contract

Persistence pSTAKE Cosmos liquidity staking protocol on Tuesday completed a $10 million investment fund led by Three Arrows Capital, Sequoia India, Galaxy Digital and Defiance Capital. Other participating VCs include Coinbase Ventures, Tendermint Ventures, Kraken Ventures; Providential merchants included. Alameda Research, Sino Global Investment and Spartan Group, CFO of Aave Ajit Tripathi, Founder of Terra Kwon Doo, Co-Founder of Alpha Finance Tascha Punyaneramitdee. It was announced that pSTAKE aims to open up the capital layer of the property and bring PoS assets to DeFi. Unlimited support for Cosmos' ATOM and Persistence's XPRT has begun, and pSTAKE's Total Value Locked (TVL) has grossed over $30 million. The team plans to expand pSTAKE support to other major POS chains, including Ethereum 2.0, Terra, Polkadot, Solana, and more.

Spectral Financial has closed a $6.75 million fund led by Polychain Capital

* Loan agreement

Spectral Finance announced the closing of a $6.75 million funding round led by Polychain Capital with partnerships between Galaxy Digital, Social Capital, ParaFi Capital, Edge & Node Ventures and MetaPurse Ventures. Spectral Financial has announced the creation of a programmable credit ecosystem from Ethereum to support capital investment by assessing credit risk. The founder of the process is Sishir Varghese, a Columbia University graduate and former co-founder of Alphachain, a blockchain consulting and investment firm.

StarkWare Closes $50M Series C Funding Worth $2B, Launches StarkNet Alpha Before End of Month

* Ethereum Layer 2 Developer

StarkWare, the developer of Ethereum Layer 2 using ZK stacking technology, Paradigm, Three Arrows Capital, Alameda Research, IOSG Ventures, Founders Fund and other Series C rounds brought StarkWare a total revenue of $162 million nowadays. StarkWare co-founder and CEO Uri Kolodny said the company has already benefited and that StarkEx, StarkWare's Ethereum extension engine, has been used by many crypto companies, including dYdX, Sorare and Immutable. . Kolodny said StarkEx has raised more than $200 billion in revenue, supported nearly 50 million businesses and helped hundreds of thousands of consumers with "very low" fuel prices. The new funds will be used to improve the team and the ecosystem. The team plans to announce StarkNet Alpha on the Ethereum mainnet later this month. The main difference between StarkEx and StarkNet is that the former is a custom permission scaling engine and the latter is licensed within ZK-Rollup, which promotes independent delivery of smart contracts.

Nym closes $13 million fund led by a16z

* Private Information Infrastructure

Privacy Infrastructure Nym has raised $13m with a valuation of $270m. This fund is led by a16z in partnership with DCG, Tayssir Capital, Huobi Ventures, HashKey and Fenbushi Capital. In July this year, Nym announced that it had completed a $6 million Series A financing led by Polychain Capital, the new funds will be used to improve the trading network in the trading scenario.

ConsenSys Closed Around $200M Worth Around $3.2B

* Ethereum software incubator

Ethereum software incubator ConsenSys announced on Wednesday that ConsenSys closed its $200 million financial net worth at the company at $3.2 billion just six months after raising $65 million from JPorgan Chase and Mastercard. . Traders include Marshall Wace, Third Point, ParaFi Capital, Wanted Investments, IOSG Ventures, Dragonfly Capital, Electric, Spartan Group, DeFiance Capital, Animoca Brands, Coinbase Ventures, HSBC and more. ConsenSys' mission is to empower the community by making Web3 universally easy to use, access, and deploy. Their main products include MetaMask Wallet and Ethereum Infra Developer. ConsenSys also reported that MetaMask grew 36 times in the past year and now has over 21 million monthly users. Infura is used by 350,000 developers including MetaMask and built on DeFi and NFT platforms. The new funds will be used to further enhance the team and support the rapid expansion of MetaMask and Infura products. Joe Lubin, CEO of ConsenSys, said, “Over the next year, ConsenSys Distribution Software plans to expand into a new distribution focused on NFT and software development software for games and other content. . . »

Pen Protocol closes $3.1 million fund led by a16z

* Web3 social layer builder

Web3 social layer builder Mem Protocol raised $3.1m, led by a16z. Other investors include former Coinbase CTO Balaji Srinivasan, Polychain Capital founder and CEO Olaf Carlson-Wee, and Quora co-founder Charlie Cheever. Mem is currently in beta alpha and is expected to launch as early as 2022. Founded in May 2021, Mem develops a media relationship around proof, empowers everyone to create their own circle of friends, explore the world of blockchain , and earn money by sharing experiences. Pen Protocol is currently developing a browser profile where new users can ask questions, advertise rewards, and raise money with reputation and smart contracts by adding chain proof information.

BlockchainSpace completes $3.75M seed round led by Animoca brands and more

* P2E Game Guild

BlockchainSpace, a peer-to-peer gaming organization, includes Animoca Brands, Spartan Group and Infinity Ventures Crypto, 3commas Capital, Arca, Bitscale, CMS, Coingecko, Fenbushi Capital, GBV Capital, Mechanism Capital, Parataxis Invested by Petrock Capital, Sfermion , Stablenode and YGG. I do.