Overview of Fundraisings of the Week
Bitcoin Lightning Network Leader Strike Raises $80 Million Funding Round to Revolutionize Payments for Merchants and Consumers Globally
Blockchain Gaming Startup Horizon Raises $40 Million Round Led by Brevan Howard, Morgan Creek
A16z Leads $40M Funding for Web3 Data Protocol Golden
MPCH Raises $40M for New Crypto Security Product
FTX, Jump Crypto Lead $20M Funding in Solana Development Framework Coral
HK-Based Hardware Wallet Maker OneKey Raises $20m in Series A Funding
Microsoft’s M12 led $20M investment in web3 platform Space and Time
Web3 banking platform Juno raises $18 million, launches tokenized loyalty program
Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential
Blockchain-powered reinsurer Re raises $14 million seed round
Blockchain Primary Market Fund Raised Trend
DeFi
Weekly TVL
Gross: ⬆️$54.91B
Top 3 Apps: MakerDAO ⬆️($7.67B), Lido ⬆️($6.07B), Curve ⬆️($6B)
Top 3 Chains: ETH ⬆️($31.68B), TRON ⬆️($5.5B), BSC ⬆️($5.43B)
Top 7D Change 📈: Decentralized Marketplace for Lenders and Borrowers with Borderless Stablecoins — Venus (+18.11%, $731.19m)
DeFi News
[BnB Bridge Exploit] BNB Chain’s cross-chain bridge BSC Token Hub was attacked and lost 2M BNB (~$586m). The network had been halted and got resumed ~9 hours after the exploit.
[Fantom to Lower Rewards] Fantom community voted to lower validator/staking rewards to keep in line with the market rate and increase the emission run rate.
[Ribbon Lend Live] Ribbon launches Lend product, allowing depositors to lend unsecured to institutional market makers of their choice for sustainable yield.
NFT
7D SALES: $110,603,102.84
7D CHANGE IN SALES: -17.38%
7D NUMBER OF SALES: 1,424,087
NFT News
Oct. 7, BAYC creator Yuga Labs unveils BAYC Council.
Oct. 6, Three Arrows’ ‘Starry Night’ Ethereum NFTs are about to be liquidated.
Sep. 29, Warner Music Group and OpenSea partner to expand Web3 for Artists.
Sep. 29, CryptoPunk #2924 sells for $4.5M to unknown collector.
Sep. 28, Christie’s announces 3.0 with on-chain NFT platform.
Sep. 27, OpenSea marketplace now supports Optimism.
GameFi & Metaverse
[Game Space announced the support from BNB Chain helping more Web2 games upgrade to GameFi] Game Space, the first GameFi as a service platform in the whole industry, announced the launch with the support from BNB Chain, helping more Web2 games upgrade to GameFi. The two parties will jointly promote more AAA high-quality GameFi to be deployed on BNB Chain and promote more gamers to enter the GameFi space.
[HAM Game World launched, creating a Web3 game world that links developers and players] HAM Game World, the HAM Metaverse World, opens public testing worldwide, creates a Web3 game world linking developers and players, building a free and open blockchain game community platform integrating SocialFi, DAO, GameFi and NFT, and creates the first scene of Metaverse virtual world.
[The Popular Football Platform has launched and released its first GameFi project] The Popular Football Platform, a Web3.0 Sports GameFi Project, has launched and released its Game. The Company announced its roadmap that it would innovate the gameplay of its GameFi and disrupt traditional models. Popular Football Platform changes the gameplay and launched a new hash-guessing platform to gain more users.
[Splinterlands reveals GameFi platform sold 10 million packs of chaos legion series cards] Splinterlands has announced the project has sold more than 10 million packs stemming from the game’s third major card expansion series, Chaos Legion. Splinterlands is a game that leverages cryptocurrencies and blockchain technology to enhance online collectible card tournaments.
[Kdrive launches an application that combines Drive-to-earn and GameFi] Users can anticipate in the demo version sophisticated 3D graphics with some features, promising a great overview of the ecosystem, though the earning aspect is to be available in the official app release. To ensure the growth of its publicity, the project has embarked on several global marketing campaigns and is planning to implement more in future’s time.
[Pong Heroes partners with Sydney Houston Group to host GameFi event] Newly launched BNB Chain game Pong Heroes hosted a Play-to-Learn event called “Gamifiganza” for GameFi projects and players within the Web3 ecosystem. The event was hosted in partnership with project advisor Sydney Houston Group.
DAO
[ETHGlobal announced finalist from ETHOnline 2022] 1780 Hackers and 360 projects submitted for ETHOnline 2022, there are 14 projects made it to the finalists.
[SafeDAO is live] SafeDAO is launched to accomplish decentralized governance of Safe protocol. $SAFE token is claimable for 43k users as of September 28. The token will be allocated to eligible users, core contributors, GnosisDAO, 140+ ecosystem contributors, and 60+ strategic backers. No single party holds more than 10% of the initial voting power and only SAFE holders with at least 20,000 SAFE is eligible to post proposal.
[Flashbots cofounder resigned for disagreements over censorship] Flashbots was found out to purposely emitted transactions from Tornado Cash and about 80% of blocks proposed through Flashbots MEV Boost Relay, Staphane Gosselin, the co-founder of Flashbot announced he left the company last month as he personally wishes to preserve censorship resistance.
[Infura is launching a decentralized infrastructure Network] As the key infrastructure of decentralized protocol, infura will strengthen it’s ecosystem by building a decentralized infrastructure network to leverage more interoperability in 2023.
Regulation & Adoption
- Sept 26 (🇺🇸) Robinhood launches web3 crypto wallet, with polygon as the first supported network. The wallet is still in the beta phase.
- Sept 27 (🇰🇷) Interpol seeks arrest of Terra founder Do Kwon.
- Sept 27 (🇺🇸) Jerome Powel says US CBDC “would not be anonymous”.
- Sept 27 (🇬🇧) Revolut Bank has received approval from UK authorities to off crypto services in the nation.
- Sept 27 (🇺🇸) Alex Mashinsky, now former CEO of Celsius Network, has resigned.
Macro
- EU countries fail to agree on a price cap.
- Nord Stream Pipeline leaking into Baltic Sea.
- US oil reserves fell to the lowest in 40 years.
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