Shima Capital launches first $200 million fund to support early-stage Web3 startups

[Shima Capital launches its first US$200 million fund to support early Web3 startups] Jinse Finance reported that Shima Capital raised US$200 million for its first venture capital fund, Shima Capital Fund I, to support early Web3 startups. Shima Capital Fund I will focus on pre-seed and seed stage investments. Yida Gao, founder of Shima Capital, said that more than half of the Shima team is dedicated to post-investment operational support services, such as engineer recruitment, community marketing, and token design.

Investors in the new fund include venture capital firm Dragonfly, hedge fund billionaire Bill Ackman, blockchain game maker and investment firm Animoca, cryptocurrency wallet OKX, Mirana Ventures, Republic Capital, CoinDesk parent company Digital Currency Group, and entrepreneurs And former US presidential candidate Andrew Yang et al. (CoinDesk)

Other news:

SushiSwap responded to negative remarks: AG has indeed left, and any remarks do not represent the official Sushi: On November 25, SushiSwap officially responded to the negative remarks about Sushi made by AG, the head of its Asia-Pacific region, on social media. The official stated that AG has indeed resigned from the Sushi team. The thoughts of the resigned team members are only his own and do not represent the official Sushi.

Earlier news, AG, head of SushiSwap Asia-Pacific region, posted a post on social media expressing regret that Sushi had failed, accusing the management of SushiSwap of doing nothing. Its CTO Joseph and core developer Keno have not updated the code for more than three months. It was the idea of Sushi PM Rachel that the community leader 0xMaki squeezed out the team, and Nori, the head of protocol security, began to interfere in HR work. AG believes that such SushiSwap is no longer a project led by the community, but has become a company controlled by a few leaders. [2021/11/25 7:10:41]

TradeBlock exec: SUSHI should be worth $100: John Todaro, head of business development at TradeBlock, said that SushiSwap's governance token SUSHI could be worth $100, 5 times the current price level. SushiSwap recently launched a program to pay a portion of transaction fees across the platform to token holders, similar to a dividend, Todaro said. Based on his assumptions, Todaro estimates that SushiSwap has an intrinsic market value of approximately $12.6 billion, which equates to a token value of approximately $100. (CoinDesk) [2021/3/13 18:41:02]

News | Aeternity announces investment in micropayment platform Satoshipay: According to Bitcoin.com, Aeternity announced investment in micropayment platform Satoshipay and acquired its shares. Satoshippay is now able to integrate the Aeternity nanopayment solution and provide faster transactions to its users. It is reported that European digital content-zce company Axel Springer SE will be one of the first users of the new service, and its users will be able to purchase paid content-zce using cryptocurrencies through the Satoshipay wallet. Note: Axel Springer SE is one of the largest digital content-zce companies in Europe, owning numerous news media brands such as Upday, Die Welt, Bild and Business Insider. [2019/3/21]