Overview of Fundraisings of the Week
Uniswap’s $165M funding round a bright spot for DeFi in Crypto Winter
Homa raises another $100 million for its data-driven mobile gaming tools
Tatum Receives $41.5 Million Funding to Accelerate Growth of Unique Blockchain Development Platform, Speeding Time to Market for Digital Finance and Web 3.0 Applications
nxyz Raises $40M Series A, Led by Paradigm, to Enable Faster Blockchain Indexing
Crypto investment startup Pillow raises $18 million in funding led by Accel, Quona, others
SettleMint lands €16M to beef up its web3 low-code platform and enter Japan
A16z Crypto Leads $14 Million Bet On Rye, New Web3 Commerce Startup From Justin Kan
Crypto Hardware Maker Fabric Systems Raises $13M in Seed Funding
Zerion Raises $12.3M to Facilitate Interoperable Web3 Identity
MetaStreet Secures $10M for NFT Loans in the Metaverse
DeFi
Weekly TVL
Gross: ⬇️$53.74B
Top 3 Apps: MakerDAO ⬆️($7.77B), Lido ⬇️($6.04B), Curve ⬇️($5.9B)
Top 3 Chains: ETH ⬇️($31.02B), TRON ⬆️($5.54B), BSC ⬇️($5.32B)
Top 7D Change 📈: DeFi hub on Algorand — Algofi (+17.42%, $130.85m)
DeFi News
[Uniswap New Interface & Funding] Uniswap launched a revamped interface with more token data and search options, improving the trading experience. And the team announced raising $165m in series B from notable investors (Polychain, a16z, Paradigm, etc.)
[Arbitrum Acquired Prysmatic] Arbitrum creator Offchain Labs acquired Prysmatic Labs, one of the core development teams that architected the Merge and built Prysm, the leading Ethereum consensus client that’s now powering Ethereum’s proof-of-stake consensus.
[Curve Permissionless Rewards] Curve enables projects to add native token rewards to their factory-deployed gauges directly on Curve, without forcing users to stake their LP tokens through another website to earn rewards.
NFT
7D SALES: $83,431,734.41 (-18.88%)
7D NUMBER OF BUYERS: 176,378 (-13.29%)
7D NUMBER OF SALES: 1,100,150 (10.00%)
NFT News
Oct. 15, Magic Eden sets royalty payments to optional.
Oct. 13, Anthony Hopkins’ first NFT collection sells out in minutes.
Oct. 12, SEC investigates BAYC creator Yuga Labs for securities violations.
Oct. 12, NFT project Vault by CNN to stop operating.
Oct. 11, OpenSea adds support for Avalanche NFT.
GameFi & Metaverse
[GameFi platform Epic League completes strategic and private rounds] Epic League, a blockchain-based gaming platform, has successfully finished its strategic and private rounds. NFT purchases are not required to enjoy the game and GameFi. Users without NFTs are able to borrow Totems through the NFT Lending Pool on Epic League’s Hub, and Totem NFT holders can lend their NFTs to others by staking them.
[Girles launches public presale of its decentralized NFT GameFi token] Innovative Metaverse ecosystem, Girles, announces the launch of the Girles Token, a decentralized NFT GameFi token created on the Ethereum platform with several utilities. The developers of the Girles project are on the front foot of challenging the status quo in blockchain following the launch of the public presale of its token.
[MIR LIST launched global expansion based on Web3 concept] MIR LIST is a multiplayer online competitive game designed based on the Web 3.0 concept, integrating SocialFi, DeFi, GameFi and NFT, building a new independently explorable combat competitive Metaverse, the Marfa Continent, unlocking prehistoric beasts, matchmaking squares, golden squares, and XDAG treasure scenes to create a popular Web3.0 Metaverse open game ecosystem.
[Metacryp — A play-to-earn Metaverse and GameFi ecosystem featuring like Shiba and Vechain] The Metacryp is a fast-rising metaverse utility token and play-to-earn platform backed and supported by its growing community of wealth builders and fun seekers. New investors and users are presented with value-added opportunities on the Metacryp metaverse and virtual reality gaming platform.
[Muus Collective raises $5M for fashion-centric games and collectibles] Muus Collective has raised $5 million for its fashion-centric studio for making mobile games and digital collectibles for diverse audiences. The company wants to advance diversity in gaming, Web3, and fashion through inclusion, collaboration and empowerment. The company is launching its inaugural Web3-enabled mobile game that empowers players to create, have fun and earn.
[Web3 platform METAV.RS completes a seed round of €3M] Web3 platform METAV.RS announced the completion of a seed round of 3 million euros, led by Studio, the investment arm of consulting firm Sia Partners, and Singaporean Web3 fund Jsquare. METAV.RS can integrate with traditional e-commerce sites and create and sell NFTs, while it also provides luxury brands and retailers with a series of Web3 applications.
[Limit Break plans $6.5M Super Bowl ad for NFT game] Limit Break, a blockchain game company headed by Gabe Leydon, has purchased a $6.5 million ad for its DigiDaigaku game at the Super Bowl. The 30-second ad slot will enable Limit Break to show off DigiDaigaku in a commercial at Super Bowl LVII in February 2023 in support of the game’s community.
DAO
[Aave released development updates on the stablecoin project $GHO] The GHO is going to deploy on Aave V3 Market on Ethereum, the first audit is examined by OpenZepplin and the testnet will be alive in the coming weeks.
[TRON became the official blockchain infrastructure for Dominica] All native digital assets such asTRX, TUSD, USDT, JST, USDD, NFT are excepted as a medium of exchange in the commonwealth of Dominica. It opens a new chapter in mainstream adoption for the crypto industry.
[Justin Sun acquired Huobi Global and commit to a thriving future for $HT] After several denials of participating buyout of Huobi Global, Justin changed his bio to Huobi and introduced a new landscape for his kingdom.
[Uniswap V3 is going live on zkSync] The proposal won 40M ‘For’ and the deployment is expected in 4–6 weeks all the under development will be handled by Matter Labs.
[Optimism admits that they have mistakenly set the inflation rate at 20%] According to the team it has zero impact because the inflation will kick in next year. They have updated the rate to 2% as the original design for the tokenomics.
[Yuga Labs is facing a probe by SEC] The SEC is undergoing investigations of the distribution of APEcoin is in violation of federal law.
Regulation & Adoption
- Oct 10 (🇵🇹) Portugal plans to impose 28% tax on crypto gains.
- Oct 11 (🇰🇿) Kazakhstan approves bills to legalize crypto mining.
- Oct 11 (🇺🇸) BNY Mellon, the world’s largest custodian bank, launches crypto custody services for investment firms.
- Oct 13 (🇸🇬) Singapore’s Central bank issues regulatory nod to Blockchain.com
- Oct 14 (🇧🇷) Rio de Janeiro to accept crypto-payments for property taxes.
- Oct 14 (🇷🇺) Blockhain.com restricts crypto services for Russians.
- Oct 15 (🇮🇳) India to develop crypto SOPs during G20 presidency.
Macro
- IMF warns of higher recession risk and “darkening” global outlook.
- USD/CHF touches parity.
- France begins petrol rationing, limiting 30 liters to cars and 120 to trucks.
- US PPI grew by 8.5% YoY. Inflation in the US stood at 8.2% in September compared to the same month in 2021.
- EU’s Oil imports hit 2-year high.
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