MultiChain

MultiChain

A ready-made platform for creating and deploying private chains, which can be used within or between organizations.

Multicoin Letter to Investors: FTX Bankruptcy is Expected to Kill More Encrypted Companies, Still Believe in Solana: On November 18th, the two partners of the encrypted investment fund Multicoin, Kyle Samani and Tushar Jain, issued a letter to investors on Thursday, Disclosed the fund situation and views and opinions on the market:

1. The collapse of FTX and the resulting decline have caused the asset size of Multicoin to drop by 55% this month.

2. We trust our relationship with FTX too much to have too many assets on FTX. Typically, Multicoin trades on three exchanges: FTX, Coinbase, and Binance, and now, in addition to assets on FTX, 100% of assets are on Coinbase or in self-custodial wallets.

3. The cryptocurrency market will not turn positively soon, we expect the impact of FTX/Alameda to spread in the next few weeks, causing more crypto companies to collapse, which will bring more liquidity and trading volume to the entire crypto ecosystem pressure.

4. As other companies whose assets are tied to FTX seek emergency funding, we want to buy misplaced assets at more attractive valuations.

5. Multicoin still stands its ground and still believes in Solana, who has "one of the most active-ethexc developer communities", based on our experience in 2018 and 2020, selling assets during short-term crises if the core thesis is not damaged is unwise.

6. Just as the collapse of Lehman Brothers did not kill the banking industry and Enron’s collapse did not kill energy companies, FTX will not be the end of the crypto industry. We expect new sprouts to emerge next year as leverage is cleared from the system, and we know the builders in this industry and in our portfolio are some of the most dedicated people who won't give up and neither will we. [2022/11/18 13:20:44]

Multicoin founder: has invested tens of millions of dollars in Loot, the first NFT investment for Multicoin: On September 5th, Multicoin Capital co-founder Kyle Samani said that Multicoin has purchased Loot, an NFT project worth tens of millions of dollars, which is Multicoin Buying NFT for the first time. The investment logic is simple: Loot is the first crypto-native game that can be invested; dark Forrest was the first but not yet investable; Axie Infinity is not crypto-native, but similar to Pokémon, which is not uniquely enabled by encryption. [2021/9/5 23:01:30]

News | The first Schnorr Multisig transaction appeared on the BCH network, and the transaction was donated to the founder of the darknet: According to today’s news from BitcoinCash, the first Schnorr Multisig transaction appeared on the BCH network. In the middle of the night of May 18th, independent developer Mark B. Lundeberg, BCH full node BCHD developer Chris Pacia, and an independent miner named checksum0 cooperated to successfully make the first transaction using Schnorr multi-signature (multisig) on the BCH network. trade. It is reported that the transaction is a donation to Ross Ulbricht, the founder of Silk Road, which advocates free trade. After decoding the OP_RETURN information carried by this transaction, the displayed content-ethexc is: "The purpose of BCH is to give people freedom, let them make their own choices, and pursue their own happiness, regardless of whether they personally think it is appropriate or not." Prior to May 15 News, the BCH network upgrade is complete, Schnorr signature is enabled, and Segregated Witness recovery is allowed. [2019/5/22]

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