Cabin VC was founded in 2018, has managed to carve a niche in the global blockchain industry as a core investment institution empowered with remarkable team members who are early researchers and contributors to the distributed ledger technology. We are focus on three domains which are Investment, Media and Mining.
If you are interested in what we are building, make sure to subscribe to this newsletter, check out our Medium (CabinVC) & Medium (Blocklike), and follow us on Twitter (CabinVC) & Twitter (Blocklike).
Reminder
Since we have announced our upcoming big party, the 2022 World Digital Technology Expo last month, we have received a lot of support from our partners and requests to attend from the industry.
But why are we doing all this? Well, the only thing we realized is that a lot of teams are going through a tough time in this period. We really want to take this opportunity to provide a space which helps all the participants in overcoming the challenges they’re facing and show the world what we’re collectively building, rather than putting our heads down and keep pushing.
And that’s why as the Co-organizer and executor of the event, we did our level best to prepare this big party in order to make sure all the participants and guests would have an unforgettable experience.
However, the Expo planned to organize at the end of August has been postponed due to the sudden outbreak in Yiwu. We are still waiting for the notice from the government and the committee. At the same time, we are thankful for all our supporters and we will reschedule the event once everything gets back to normal.
Research
Aleo Summary Report
As a public chain focused on privacy which is under the spotlight lately, Aleo would be the new direction that our Mining Department is deploying after FIL. Therefore, we researched Aleo from the aspects of technical characteristics, economic model, ecological status and testnet programme, and published a summary report called “Aleo: A Modular Web3.0 Privacy Public Chain”. Follow our official Medium and receive our latest updates.
Cabin Report | Aleo: 模块化 Web3.0 隐私公链 — Cabin VC — Medium
Hardware Ecosystem/Mining
In the last Bullrun, we witnessed the explosion of Layer 1 track.
Back to now, the new Layer 1 blockchain comes back to the spotlight again, which can be seen from two dimensions:
- The search index. It shows that the volume of searching in Aptos and Sui has increased significantly since July.
- The primary market investment data. Aptos completed two rounds of funding at a total $350 million in four months; while Mysten Labs, the developer of Sui, is seeking at least $200 million funding in Series B.
To introduce our opinions and strategies deploying on Aleo, we are going to organize an offline event with several partners, talking about the Mining industry and the three hottest public chains (Aleo, Aptos, Sui) we are focusing on. We sincerely welcome all the miners, Aleo enthusiasts and institutions that also pay attention to Aleo, to share your insights and thoughts about Aleo.
Aleo
With the publication of our Aleo Report, we have in-depth communication with the Aleo Official. Meanwhile, we are also actively involved in the upcoming Aleo Incentivized Testnet 3 and have assisted several institutions and exchanges to participate in Aleo Incentivized Testnet 3 with deploying about 5,000H/S computing power.
Aptos
Aptos, aims to build the safest and most scalable Layer 1 blockchain, launched their AIT2 in July. Our Mining Department pays attention to their ecological construction and prepares to participate in the AIT3 on August 19.
Sui
Sui, a Layer 1 blockchain focused on high performance and low latency, has announced the Sui Testnet which will launch this August. We have finished the registration of Sui Incentivized Testnet and keep continuous concern on their progress.
Investment/Portfolio Update
Injective
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications incubated by Binance.
Injective has raised $40M in August to accelerate the adoption and growth of Web3 finance. The funding round consisted of Jump Crypto and BH Digital (the crypto arm of famed hedge fund manager Alan Howard).
Curio NFT
A NFT Marketplace partnering with big names in entertainment. It allows users to own a piece of content from their favorite television shows, graphic novels, movies or music in new formats such as character motion art, video clips, or 3D models.
Curio NFT has announced the partnership with American Gods, an American fantasy drama television series which was nominated for the Satrun Award for Best Fantasy Television Series in 2019, and successfully launched the NFT collections of American Gods. More details can found in Curio Marketplace.
Milestones:
- Finalized a major, global, enterprise-level deal with Universal Music Group;
- Finalized an additional deal with UMG to integrate tech stack into their D2C ecommerce platform;
- Launched 5,555-piece generative art NFT collections with filmmaker Kevin Smith;
- Have deals in the works to launch NFT collections with both Sony Pictures and Warner Brothers.
Subspace Network
A Infrastructure for Web3, delivering robust and highly distributed services at scale to power the future of the internet.
Milestones:
- Launched the Subspace Ambassador Program and allocated 1% of total token supply to the program.
- Concluded the Gemini Incentivized Testnet Phase 1:
- Fully permissionless testnet;
- 13k+ nodes run by the community;
- 3.2+ petabytes pledged to the network;
- 0.5% of total token supply allocated to early adopters.
Media
Our media department, Blocklike, spared no pains to promote the 2022 World Digital Technology Expo since we announced it last month. Meanwhile, Blocklike TIDES Panel was held as usual which attracted over 27k views.
The 2022 World Digital Technology Expo
In July, we contacted over 200 local and oversea institutions and networks which cover the global blockchain industry and metaverse ecology such as prominent underlying technology companies, NFT projects, leading digital economy enterprises, Metaverse games/entertainment, crypto funds/VCs, vertical media in the field of Blockchain, VR/AR institutions, etc.
The tickets will be in the form of NFT airdrops, register and receive your NFT ticket here.
TIDES Panel
July 13, Blocklike held a panel themed “Web3: Leading to new DeFi” which focused on the promotion effect of the bottom layer of blockchain technology on DeFi application layer, DeFi business model innovation and market value capture. We were glad to have A&T Capital to be the host, and four Web3-otiented projects, Crust Network, Konomi, Bit.Store and Ceres to be our guests. The panel was live on both Binance Live and Marsbit, attracting over 27,000 views on the broadcast. More detail can be found in our Medium and Binance live.
Twitter Space
June 30, Blocklike and DeFiZhiDao (8bit) organized a Twitter Space event themed “#GWEI 2022 — March toward Singapore: Feature of Web3 practitioners in Singapore” to discuss the opportunities and challenges of engaging Web3 and crypto industry in Singapore.
New Team Members!
As a multi-business institution in Web3, we are uniquely positioned to integrate resources and network. Therefore, Cabin VC intends to build up our brand story to the public. With the fast growing of our team, we are delighted to welcome Kezhen Zhang as Content Editor and Run Gong as Brand Editor.
Don’t forget
If you are interested in what we are building, make sure to subscribe to this newsletter, check out our Medium (CabinVC) & Medium (Blocklike), and follow us on Twitter (CabinVC) & Twitter (Blocklike).
Feel free to contact us on hello@cabin.vc & hi@blocklike.com
