Overview of Fundraisings of the Week
Framework Ventures Leads Web3 Gaming Company Stardustās $30M Raise
https://www.nftgators.com/framework-ventures-leads-web3-gaming-company-stardusts-30m-raise/
ChainSafe Raises US$18.75 Million in Series A Funding to Accelerate Web3 Adoption
Nischal Shettyās Blockchain Startup Shardeum Raises $18M in Seed Funding
Delysium closes the strategic funding round with $10 million
Mercury Raises $7.5 Million in Seed Round Led by Multicoin Capital to Help Student Athletes and Collegiate Athletic Programs Reimagine The Fan Experience
Web3 attribution firm Spindl raises $7M from crypto VCs
OpenSea Ventures Among Backers for $7M Round for Crypto Security Startup
Tapio protocol raises $4 million & ensures unified liquidity
ParaFi Capital Among Backers for Web3 Fashion and Lifestyle Platform YoloYolo
P2E Arcade2Earn Raises $3.2M in Seed Funding Led by Crypto.com Capital
DeFi
Weekly TVL
Gross:ā¬ļø$52.8B
Top 3 Apps: MakerDAO ā¬ļø($7.75B), Lido ā¬ļø($6.18B), Curve ā¬ļø($5.76B)
Top 3 Chains: ETH ā¬ļø($30.02B), BSC ā¬ļø($5.34B), TRON ā¬ļø($5.3B)
Top 7D Change š: Fully decentralized protocol for automated liquidity provision on Ethereum- Sushi (+46.21%, $755.27m)
DeFi News
[DeFiLlama Delta Neutral Yields] DeFiLlama launches the Yield Strategy Finder, a dashboard that helps users to find opportunities where they borrow a token and then farm with it.
[Aptos Bridge Live] Layer Zero launches the Aptos Bridge, allowing users to transfer USDC, USDT, and ETH between Aptos and supported chains (Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and BSC).
[Umee Cross-chain Lending] Cosmos-based L1 Umee enables native lending & borrowing on its mainnet, which is compatible with all IBC chains. Users can leverage all Cosmos and Ethereum assets quickly and cost-effectively on Umee.
NFT
7D SALES: $85,034,108.30 (+3.69%)
7D NUMBER OF BUYERS: 169,529 (-12.63%)
7D NUMBER OF SALES: 824,795 (-13.23%)
NFT News
Oct. 24, Rarible rolls out new version with aggregator feature and new token incentives.
Oct. 23, Azuki auctions its golden skateboard āPBTā with highest bid of 309 ETH.
Oct. 20, Warner Bros releases Ethereum-based āLord of the Ringsā NFT web3 movie experience.
Oct. 18, Azuki open sources the Physical Backed Token (PBT) standard on the Ethereum blockchain.
GameFi & Metaverse
[Catheon Gaming launches its GameFi Accelerator Program] Catheon Gaming, the blockchain gaming and entertainment company, announced the launch of its GameFi Accelerator Program designed to support the promising blockchain gaming and metaverse developers and projects globally. Notable founding partners include Abu Dhabi Gaming, Algorand, Ava Labs, BitKeep, Chainlink, Cointelegraph, DIFC FinTech Hive, Phemex, Polygon, Rarible and Storm Partners.
[The AAA GameFi MMORPG Bless Globalās pre-registrations surpassed 1 million] Tigon Mobile, a subsidiary of South Korean listed company Longtu Korea, revealed that pre-registrations for its AAA GameFi MMORPG Bless Global had surpassed 1 million people. A good reputation and high expectations from users together contributed to its exponential growth, which has drawn massive attention and heated discussion among various communities.
[Arcade GameFi secures $3.2M from KuCoin, Solana Ventures] Arcade, a GameFi platform that is democratizing Web3 gaming, was able to secure seed funding in the amount of $3.2 million. Arcade is designed for those individuals who are extremely enthusiastic about GameFi. It establishes a connection between users and the in-game incentives that may be earned in any Play-to-Earn game.
[Reta Wars announces partnership with Avocado DAO] Reta Warsā innovative GameFi system offers opportunities to users in several locations across Asia, including Korea and Japan. Reta Wars has announced a strategic partnership with Avocado DAO, a prominent Web3 gaming guild. The collaboration is aimed at shaping the long term future of blockchain through GameFi and SocialFi initiatives. Thanks to this new partnership, Reta Wars can expand its range of opportunities for players and scholars, integrating them more quickly into the metaverse.
[BNB Chain GameFi ArchLoot scheduled closed beta test phase 3] The UGC NFT game ArchLoot has opened applications for an upcoming closed beta test. It has finished two phases of CBT respectively in May and August in 2022 and the following one will take place soon. ArchLoot was devised to provide an adventurous RPG where gamers need to master a roster of islands on the planet ALT3, with their self-designed and groomed monsters.
[RhinoX soulbound NFT launches roadmap detailing new āsoul breedingā mechanism] RhinoX team launched the first iteration of RhinoX NFT, now known as the 1st generation Soulbound NFT. It is tied to a credit rating system and a behaviour analysis model that tracks key user data. The RhinoX roadmap reveals its plans to develop a āsoul breedingā mechanism that gives existing RhinoX token holders the ability to breed 2nd generation NFTs from their existing NFTs.
[Interpol launches āfirst-ever metaverseā designed for global law enforcement] The International Criminal Police Organization (Interpol) has announced the launch of its fully operational metaverse, initially designed for activities such as immersive training courses for forensic investigations. The global police organization unveiled the first ever Metaverse specifically designed for law enforcement worldwide.
[TCL takes important steps in the metaverse] TCL Electronics, a major player in the global television and consumer electronics industry, announces its exciting move in the Metaverse. TCL will launch a Halloween campaign on the virtual gaming platform Roblox to empower users to create their own immersive experiences. TCL has developed an engaging Halloween-themed virtual party to connect with audiences in a personalized virtual world.
DAO
[Aptos on mainnet] On the hyped L1 blockchain Aptos initiated mainnet launch last week. The chain currently has 102 validators with 82% of circulating supply staked and yield a speed of 16 TPS. Aptos caused controversies by withholding their tokenomics from the public, the team has to release it at the last minute due to a leak of their token roadmap from the Upbit exchange.
[Crypto Lawyer: DAO arenāt people ] Ooki DAO was held in court by CFTC for offering illicit products, bZeroX. Arguments were made regarding CFTC should not bring charges against a DAO but against a specific person. Both LeXpunK Army and Paradigm filed amicus to support that DAO should be treated as an innovative entity.
[Sushiswap proposed a new governance entity: Meiji DAO ] Meiji DAO is designed to takeover the governance of Sushi DAO and restore sustainability and prosperity for the protocol. Members of the DAO need to stake their $SUSHI for shares of Meiji DAO and it is weighted to prevent Sybil attack.
[A16z relaunch its accelerator program ] Crypto startup School will begin on March 2023 for 12 weeks in L.A, where all participants will have in close contact with the most successful teams and founders in the crypto space.
[zkSync: Tokenomics in November] Steve Newcomb, CPO in Matter Labs revealed in a Twitter space that zkSync will publish their tokenomics in November.
Regulation & Adoption
- Oct 17 (š©šŖ) German crypto bank Nuri shuts down.
- Oct 18 (šŖšŗ) EU may block crypto mining to tame soaring energy prices. EU members should be prepared to block crypto mining, the EU commission stated.
- Oct 19 (š·šŗ) Crypto exchange Kraken freezes Russian Accounts. Crypto exchange Cryptopay stops service for Russians. The Russian Duma has rejected a bill on crypto mining.
- Oct 20 (šŗšø) Tesla holds all its remaining $218M in BTC.
- Oct 21 (šŖšø) Spain overtakes the third position to become the third largest ATM BTC Hub, displacing EL Salvador.
- Oct 22(š¬š§) UK Ammenedent to their financial services bill provides regulation for crypto activities.
Macro
- Retail Sales plunged in the UK 1.4% MoM and 6.9% YoY. UKās PM resigns after 44 days.
- JPY sinks past 150 on dollar strength.
- US appeals court blocks Bidenās student debt relief plan.
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